honestbee's restructuring may hinge on fixing business model
To get creditors on board, honestbee must demonstrate financial viability, avoid cash burn, experts say
Singapore
TO convince creditors to back its debt restructuring plans, honestbee must demonstrate its business viability in the cutthroat offline-to-online retail scene, industry watchers told The Business Times.
The embattled startup is seeking a six-month debt moratorium against S$6 million worth of demands from creditors and 11 legal proceedings, according to an affidavit filed at a Singapore High Court pre-trial conference on Tuesday.
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