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According to a November report by The Straits Times, Shariot was among nine related companies that requested their creditors to hold off on recovering debts while they explored restructuring options.<\/span><\/p>\n Shariot, Autobahn Rent A Car and seven other companies are reportedly interlinked in terms of their financial, operational and fleet-related arrangements and have the same shareholders.<\/span><\/p>\n In December, The Straits Times reported that a group of 18 related companies, including Shariot and Autobahn Rent A Car, had applied to the High Court for a six-month moratorium to halt creditor actions.<\/span><\/p>\n Creditors included DBS, UOB and OCBC, and the companies reportedly owed up to S$306 million, according to the article.<\/span><\/p>\n CNA has contacted Shariot, Autobahn Rent A Car, Grab, Gojek, CDG, TADA, Ryde and the <\/span>National Private Hire Vehicles Association for comment.<\/span><\/p>\n Previously, in August, <\/span>car-sharing firm BlueSG announced that it would be suspending operations, which caught users off guard.\u00a0<\/p>\n The company had also told CNA then that the move would impact “a portion” of its workforce, adding that affected employees would receive “fair severance”.<\/p>\n