eFishery backers to weigh liquidation, buyout among options for scandal-hit start-up
In a few weeks, shareholders should vote on whether to wind down, restructure, or sell the company. Read more at straitstimes ...
EFishery Backers to Weigh Liquidation, Buyout Among Options
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a ...
Bloomberg on MSN8h
SoftBank Swings to a Loss Ahead of Big AI Bet With OpenAI
SoftBank Group Corp. tumbled to a loss in the December quarter, weighed down by a drop in the value of the Vision Fund’s ...
Bloomberg L.P.6d
EFishery Backers to Weigh Liquidation, Buyout Among Options
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommended that investors make a decision on whether to liquidate or restructure the firm as soon as this ...
‘Chilling effect': Here's what an Indonesian startup scandal means for the region struggling with fundraising
This could have a chilling effect for, conservatively, 12 months, but probably longer,” Justin Hall of Golden Gate Ventures ...
The Edge Singapore6d
eFishery was a valuation scandal, not accounting fraud
The outcome was an extravagant valuation that had no connection to fundamentals. Even with its fabricated revenue, eFishery was trading at an EV/Sales ratio of two times. Agri-processors such as Japfa ...
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SoftBank expands AI push amid Vision Fund woes, OpenAI partnership
SoftBank reported a $2.4 billion quarterly loss, driven by Vision Fund declines, while pursuing ambitious AI projects like ...