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Vmoto's managing director continues on-market buying spree

Vmoto is a global scooter manufacturing and distribution group.

Vmoto Ltd's (ASX:VMT) managing director, Charles Chen, has once again shown a vote of confidence in the company's strategy with the purchase of more shares on-market.

Chen snapped up another 555,788 shares at 5.5 cents for a consideration of $30,500, this follows a purchase of 1.3 million shares on-market since April 2018.

READ: Vmoto receives vote of confidence from managing director

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