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| Vmoto Cash injection |
Vmoto Cash InjectionVmoto, the Austrailian scooter company with plant in China has recently released a share issue of 77.8 million shares at around 9c per share raising AUD$7million This new cash injection will help completion of their Nanjing factory. It will also go toward refilling the company coffers and assist with more aquisitions. Vmoto recently acquired spanish motorcycle company "CSR" and it sounds like there are more potential takeovers on the horizon. This capital investment, especially with regard to the new factory ought to stand Vmoto in good stead... Hopefully they will use their flash new compound to improve the already awesome Milan 50, notably by fitting a front Disc. More importantly I suspect it will assist in their expansion into the USA and Europe (no doubt the purpose behind the CSR acquisition) Comments
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