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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

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2 -min read
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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...

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