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Vmoto's managing director acquires further shares on-market

Charles Chen has increased his total shareholding in the electric scooter manufacturer to more than 13.365 million shares.
Vmoto's Super Soco CU electric scooters
The new Super Soco CU model targeting B2C customers was launched in April

Vmoto Ltd’s (ASX:VMT) managing director Charles Chen continues to demonstrate his confidence in the company’s electric scooter strategy through on-market trades.

Chen has acquired a further 584,056 shares at 5.5 cents each for total consideration of more than $32,123.

Notably, this takes his total shareholding in Vmoto to more than 13.365 million shares.

READ: Vmoto's managing director continues on-market buying spree

Vmoto manufactures and sells electric scooters and has a focus on high margin international markets.

The company sells these products to consumers (B2C) and businesses (B2B).

Manufacturing occurs at its wholly-owned 30,000 square metre facility in Nanjing, China.

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Vmoto Ltd Timeline

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