BEST DIGITAL NEWS START-UP, WAN-IFRA 2019 GOLD AWARD

honestbee seeks court protection for over US$180m of debt; lays off 38 staff

honestbee seeks court protection for over US$180m of debt; lays off 38 staff

2 -min read
Listen to this article
2 -min read
Listen to this article

HONESTBEE has applied to the High Court to kick off a court-supervised restructuring process that would give it a six-month reprieve from its creditors, whom it owes over US$180 million, chief executive Ong Lay Ann told The Business Times on Friday.

Meanwhile, the startup has also laid...