Daily Briefing: oBike working on investor agreement for refund process; CDL may soon sell units in St Regis Residences

Submitted By:  Luz Wendy Noble Case Study:  No And fintech startup Credit Culture raises $40m in funding round. From Channel News Asia: Liquidators of oBike revealed that they have been “working actively” with the bike-sharing firm’s new investor to come up with an agreement where creditors retrieve their money. Senior managing director for liquidators FTI Consulting, Joshua Taylor, explained that his team has met with oBike’s new investor thrice to provide the necessary information and has even provided a draft agreement. read more