oBike users unlikely to get back deposits, say lawyers

oBike, which began operations in Singapore in January last year, had told the media in January this year that it had about 14,000 bicycles and one million users.
oBike, which began operations in Singapore in January last year, had told the media in January this year that it had about 14,000 bicycles and one million users.PHOTO: LIANHE ZAOBAO

At least 259 users of shared-bike service oBike have made complaints to the consumer watchdog this year, with the majority involving deposit refunds and lodged in the past two days after the operator announced a surprise exit from Singapore on Monday.

With the company going into liquidation, chances of getting the refunds are slim as oBike's assets will be distributed to pay off possible debts, and customers will be low on the list, say lawyers.

oBike, which launched here in January last year, had at least 20 staff, with no reports of workers being unpaid so far.

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A version of this article appeared in the print edition of The Straits Times on June 27, 2018, with the headline 'oBike users unlikely to get back deposits, say lawyers'. Print Edition | Subscribe