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Creditors fear illiquid equity in new honestbee entity
STARTUPS
Creditors fear illiquid equity in new honestbee entity
They say that as shareholders, they would be in worse situation if the new company fails; distressed startup delays last tranche of salary repayment to ex-staff
Tue, Feb 18, 2020 - 5:50 AM
4 -min read
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Being stuck with potentially illiquid stock was a key concern raised at honestbee's creditor townhall on Monday, which was attended by over 100 creditors, The Business Times has learnt from attendees.
PHOTO: ST FILE
They say that as shareholders, they would be in worse situation if the new company fails; distressed startup delays last tranche of salary repayment to ex-staff
Tue, Feb 18, 2020 - 5:50 AM
4 -min read
Listen to this article
Singapore
BEING stuck with potentially illiquid stock was a key concern raised at honestbee's creditor townhall on Monday, which was attended by over 100 creditors, The Business Times has learnt from attendees.
The closed-door townhall was held at the startup's habitat concept...
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