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 ...
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 ...
Indonesian startup eFishery appoints FTI Consulting as manager amid alleged fraud probe
Indonesian aquaculture tech startup, eFishery, said on Tuesday that it has appointed business advisory firm FTI Consulting to ...
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 ...
‘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 ...
dealstreetasia8d
FTI Consulting takes over as eFishery's acting management amid alleged fraud probe
Indonesian startup eFishery’s shareholders have appointed business advisory firm FTI Consulting to take over as acting ...
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 ...
Yahoo Finance6d
EFishery Backers to Weigh Liquidation, Buyout Among Options
EFishery, which deploys feeders to fish and shrimp farmers in Indonesia, was a darling of the nation’s startup scene and scored a valuation of $1.4 billion when G42, an AI firm controlled by ...