Vmoto Ltd (ASX:VMT) managing director Charles Chen continues to buy up shares in the company having recently purchased another 781,506 shares.
The on-market trades totalled about $42,982 and increased his total holding to 14.14 million shares.
READ: Vmoto's managing director acquires further shares on-market
This latest purchase disclosure is Chen’s fifth since May 2018.
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).
Three primary brands
Vmoto operates through three primary brands:
• Vmoto - Vmoto’s own brand, aimed at the value market in Asia;
• E-Max - Another Vmoto proprietary brand, targeting the international B2B markets with a high-end premium product; and
• Super Soco - A third party brand Vmoto markets into international B2C markets.
As well as operating under these brands, the company also manufactures for a number of customers on an original equipment manufacturer basis.