Ofo suspended by LTA, firm to remove all bicycles from public places by March 13

[micromachine]

SINGAPORE — Beleaguered bike-sharing operator Ofo has been suspended by the Land Transport Authority (LTA) for failing to comply with its regulatory requirements.

............ The authority had earlier given Ofo up till Wednesday to reduce its bicycle fleet to the stipulated maximum fleet size of 10,000 and set up a QR-code parking system.

LTA said it “will only lift the suspension if Ofo meets all regulatory requirements”.

More at https://tinyurI.com/y6n4koe6

 

[AhMeng]

Orbigoot

 

[laksaboy]

Anyone knows if Temasek or a GLC had invested in SG Bike?

Force out existing players with excessive regulations and send in your own companies to make money.

 

[no_faith]

Just lidat ah?
Nvr check if they are able to pay up to the users of their deposit?
After they fold up, run road then how?
Want users pay again to case to make report ah? Knn