LTA sells impounded shared bikes for $5 each, donates nearly $30,000 to charity

The majority of the bikes belonged to ofo, whose licence was cancelled in April 2019 after it missed deadlines to comply with regulations.
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

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.

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