Liquidators look into transfer of $10m from oBike Hong Kong to Singapore

The total claims against oBike will be assessed by end-August.

oBike Singapore’s liquidators have entered talks with oBike Hong Kong with regards to the $10m transferred from the former company to the latter.

According to an announcement, the two are also discussing if the claims against oBike Singapore can be resolved. This decision was reached during oBike Asia’s first creditors meeting on 2 August 2018.

The liquidators will pursue recovery actions against the relevant parties if there is no amicable resolution of the claims. “The liquidators have yet to receive any further information and/or a settlement proposal from oBike HK,” they added.

The liquidators also encouraged creditors and customers seeking their deposits to fill out the online claim submission form, so the total liabilities of oBike Singapore can be ascertained. They are targeting the assessment of the total claims by the end of August 2018.

“To clarify, all personal data collected via the online claim submission form will be kept confidential by the liquidators and destroyed once the relevant statutory requirements are met,” they said.

This does not preclude any creditor from submitting claims throughout the liquidation, the liquidators added.