Chinese bike-sharing operator Ofo has breached multiple regulatory requirements set by the government and has to meet them all by 13 February to avoid suspension, stated the Land Transport Authority (LTA) on Tuesday (15 January).
It stated that Ofo has breached multiple regulatory requirements despite being given an ample preparation period for compliance.
LTA claims that despite multiple warnings and regulatory action taken against them, Ofo had not been able to reduce its deployed bicycle fleet to the stipulated maximum fleet size of 10,000, as well as managing to implement the QR-code parking system by 14 January.
Employees said Ofo still owed them thousands of dollars in claims and they have lodged complaints with the Tripartite Alliance for Dispute Management.
