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.