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Bike-sharing companies may have to pay security deposit in future

oBike announced abruptly that it was closing here two weeks ago, leaving its 100,000 users wondering what would happen to their deposits; oBike chairman Shi Yi has put the sum total of the deposits at about S$6.3 million.


THE Land Transport Authority (LTA) will consider requiring bike-sharing operators, which require users to pay a deposit, to themselves pay a security deposit or bond, with the introduction of licensing regulations in October this year.

Senior Minister of State for...

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