honestbee's debt moratorium extended to January 2020

It will give stakeholders the details of a scheme of arrangement.

honestbee was granted an extension of its debt moratorium until 31 January 2020 as part of the company’s restructuring process, according to a press release.

Honestbee will use the moratorium period to continue its business operations and give itself more time to restructure, as well as providing all stakeholders with details of a scheme of arrangement.

Also read: Court grants honestbee's extension of debt moratorium

The company expressed plans to focus on bolstering its core grocery business in Singapore and relaunching its next-gen retail store habitat. It is also planning to restore its regional businesses through partnerships and joint ventures.

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