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


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