oBike users unlikely to get back deposits, as firm undergoes liquidation

oBike announced on June 25 that it was ceasing operations in Singapore, saying it foresaw difficulties in meeting upcoming Land Transport Authority licensing requirements.
oBike announced on June 25 that it was ceasing operations in Singapore, saying it foresaw difficulties in meeting upcoming Land Transport Authority licensing requirements.PHOTO: ST FILE

SINGAPORE - With bicycle-sharing operator oBike now in liquidation in Singapore, the chances for users to get a refund of their deposits are slim, say lawyers.

It is unclear how many people have unreturned deposits - up to $49 - which they placed with oBike to rent its two-wheelers, although some 260 customers have lodged complaints with the consumer watchdog against oBike so far this year.

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