honestbee gets four-month debt moratorium

Singapore

THE Singapore High Court has given honestbee four months of protection from its creditors, two fewer months than what the distressed grocery startup had sought, The Business Times has learned.

honestbee will need to "flesh out" the details of its proposed scheme of arrangement by end-January 2020, chief executive Ong Lay Ann told BT after the closed-door hearing on Monday. honestbee later confirmed this in a press release on Monday evening.