Two of Perth-based scooter manufacturing and distribution group Vmoto Ltd's models topped sales of their respective categories in the first six months of the 2007 calendar year, the company has announced.
Perth-based scooter manufacturing and distribution group Vmoto Limited has secured long term access to working capital of up to $5 million under an agreement with licensed broker and investment bank Fortrend Securities Pty Ltd.
West Perth-based Automotive Holdings Group Ltd has confirmed its acquisition of the exclusive Australian distribution rights for Perth-based Vmoto Ltd's scooters and related merchandise.
Perth-based Vmoto Ltd has acquired 67 per cent of Chinese scooter engine and scooter assembly group Shanghai Haiya Power Manufacturing Co Ltd for cash contributions of $1.6 million over 12 months, the company announced today.
Vmoto Ltd, formerly known as Optima Corporation Ltd, has severed all ties with its surfwear past, finalising the sale of surf accessory brand Creatures of Leisure (USA) Inc. today for $226,000 - having received $100,000 already.
Perth-based Optima Corporation Ltd - the parent company of Vmoto Motorcycles, has increased its revenue for the March quarter to $10.4 million, up 2,356 per cent on the same time last year.
IN a bid to accelerate the international expansion of its subsidiary, Vmoto, Subiaco-based Optima Corporation Ltd is positioning itself to acquire its Chinese-based distribution partner.
In a bid to accelerate the international expansion of its subsidiary Vmoto, Subiaco-based Optima Corporation Ltd is positioning itself to acquire a major player in the international scooter industry which sources product out of China.
In line with its strategy to foster international opportunities, Vmoto has signed a distribution agreement with The Sharaf Group, headquartered in Dubai, United Arab Emirates.
Optima Corporation Limited's wholly owned subsidiary, Perth-founded specialist scooter brand Vmoto, has signed an agreement with a new distributor for New Zealand.
Shareholders in an Australian surfwear specialist Optima Corporation Ltd have voted in favour of the $4.5 million acquisition of the nation's fastest growing scooter business - Western Australia's Vmoto Motorcycles Australia.
