For subscribers
oBike owes users $6.3m in deposits
Founder of firm says he is turning to shareholders to raise money
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About US$4.6 million (S$6.3 million) in deposits is owed to users by troubled shared-bicycle firm oBike, the company's founding investor and chairman Shi Yi told The Straits Times yesterday.
Mr Shi said oBike intends to refund users in Singapore their deposits, and has turned to its shareholders to raise the money.
