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LTA sells impounded shared bikes for $5 each, donates nearly $30,000 to charity
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The majority of the bikes belonged to ofo, whose licence was cancelled in April 2019 after it missed deadlines to comply with regulations.
PHOTO: LAND TRANSPORT AUTHORITY
Toh Ting Wei
SINGAPORE - Almost 6,000 shared bikes that were once indiscriminately parked or abandoned around Singapore will have new owners - needy students in Myanmar.
The Land Transport Authority (LTA) has sold 5,999 bikes, at $5 each, to local bike-sharing firm Anywheel, The Straits Times has learnt.
