Honestbee is a company founded in Singapore in 2015. It provided online grocery and food delivery service in markets such as Singapore, Malaysia, Thailand, Taiwan and Japan (to name a few).

On 22 July 2019, Honestbee Malaysia, via their Facebook account, announced that they will be suspending their operations

Subsequently in August 2019, an application for a moratorium was filed at the Singapore High Court and a scheme of arrangement was proposed to their creditors sometime in February this year

After the discontinuation of their online delivery services, Honestbee continues to operate their grocery and dining business under the business entity called Habitat However, due to the recent coronavirus outbreak, Habitats operations is temporarily closed from 10 Feb 2020 until further notice

With reference to Honestbees capital management (shares and borrowing) derived from their financial statement/ available financial records, extract the key information that could have brought about this situation/ issue upon Honestbee. If you were a director, identify whether you would have agreed with the continued operations of Habitat while closing down Honestbees core business i.e. food & groceries delivery services- Why? state your reasons

Honestbee applied for a moratorium in August 2019. Define the term moratorium and describe its likely effects on Honestbee. this is company law and to use malaysian law 2016