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  • Vmoto Limited Goes To Market, Tantalises With "Corporate Transaction" 0 comments
    Sep 29, 2013 9:00 PM

    Vmoto Limited (ASX: VMT) is in pre-open this morning following the ASX granting the company a trading halt, pending details of a capital raising - and a corporate transaction.

    The company is known to be on the fast growth trail and has been rapidly rolling out its electric scooter shop fronts in China recently, with a fourth store opening earlier in the month.

    Vmoto opened its first flagship retail store in China in June 2013 and is on pace to open 10 retail stores by the end of 2013. Since the opening of these retail stores, store sales have exceeded internal expectations.

    Vmoto is fast building a global scooter manufacturing and distribution group, specialising in high quality "green" electric powered two wheel vehicles.

    It manufactures a range of western designed electric (and some petrol) two wheel vehicles from its low cost manufacturing facilities in Nanjing, China.

    The halt will remain in place until the opening of trade on Wednesday 2nd October 2013, or earlier if an announcement is made to the market.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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