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Vmoto managing director buys more shares on market

Vmoto is a global scooter manufacturing and distribution company.

empty board room seats
Managing director Charles Chen is a major shareholder in the company

Vmoto Ltd (ASX:VMT) has had its managing director Charles Chen purchase 230,000 shares through on-market trades executed over the week prior to Christmas.

The shares were purchased at 5 cents each resulting in a purchase price of $11,500.

The purchase increases Chen’s overall holding in the company to 15.64 million shares.

READ: Vmoto gears up for another year of growth with electric-powered two-wheel vehicles

Vmoto manufactures a range of western-designed electric scooters from its wholly-owned 30,000 square metre state-of-the-art manufacturing facility in Nanjing, China.

Low-cost Chinese manufacturing capabilities are matched with stylish European design to provide high performance and competitive products to international markets.

Vmoto operates through a B2B brand and B2C brand:

• E-Max:A Vmoto proprietary brand, targeting international B2B markets with a high-end premium product; and

• Super Soco: A third-party brand that Vmoto markets into international B2C markets.

Quick facts: Vmoto Ltd

Price: 0.15 AUD

ASX:VMT
Market: ASX
Market Cap: $34.14 m
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