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Honestbee ex-staff, trade creditors won’t get any of the S$320 million owed

Secured lender Formation Group recovered about S$700,000; liquidators to apply for honestbee to be dissolved

Sharanya Pillai

Sharanya Pillai

Published Thu, May 25, 2023 · 01:07 PM
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THERE is no money left to pay former staff, vendors and other unsecured creditors of failed grocery delivery startup honestbee, who are owed S$319.9 million, The Business Times (BT) has learnt.

Honestbee’s sole secured creditor, Formation Group, has realised about S$700,000 from the startup’s assets, BT understands. The sum f…

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Former honestbee CEO declared bankrupt
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