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honestbee chairman Brian Koo looms large in startup's revamp bid

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Sharanya Pillai

Sharanya Pillai

Published Thu, Sep 12, 2019 · 09:50 PM

    Singapore

    AS HONESTBEE seeks court protection to restructure some US$209 million worth of debt, questions remain about whether its key backer and chairman Brian Koo holds all the cards, or if minority creditors will have more of a say in the outcome.

    The grocery delivery startup had taken US$4 million in loans from two funds under Mr Koo's venture firm Formation Group this year that were secured by charges over all of honestbee's assets.

    honestbee

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