The troubled luxury marketplace appointed provisional liquidator Tee Wey Lih of Acres Advisory on Sept 3 to handle the winding-up of the company. Reebonz’s liabilities, said Acres Advisory in response to BT queries, are estimated to be in the region of S$65m with the bulk of the exposure to financial institutions. Wey Lih is the founder and director of Acres Advisory. He has more than 20 years of regional experience in the field of corporate turnaround and financial advisory. He has worked with companies in Malaysia, Indonesia, the People’s Republic of China (PRC) and Singapore.
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