SINGAPORE: A request from Chinese bike-sharing company Ofo for more time to remove its bicycles from public spaces has been granted by the Land Transport Authority , the authority said on Thursday ., which kicked in on Jan 14.Ofo headquarters has informed LTA that it is in"advanced stages of negotiations" to partner Ofo Singapore with another party.The original deadline for the removal of Ofo's bikes was on Wednesday.
"If ofo eventually does not fully comply with the licence requirements, LTA will cancel ofo’s bicycle-sharing licence and require them to remove all bicycles from public places," the authority warned.The decision comes after fellow Chinese firm Mobike sought consent from LTA to surrender its bike-sharing licence, saying that it would"re-evaluate its units in other overseas markets".
The authority had said that it would take"the necessary regulatory action, including possible cancellation of ofo’s licence". Channel NewsAsia reported in January that Ofo had terminated all its employees in Singapore by the end of January.
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