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Vmoto asks for trading halt, capital raising  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 10/10/2012

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(MENAFN - ProactiveInvestors - Australia) Global scooter manufacturer Vmoto (ASX: VMT) has been placed in pre-open this morning following the ASX granting the company a trading halt to finalise capital raising activities.

The company continues to secure strategic deals, as evidenced by the recent signing of a Cooperation Agreement with China's PowerEagle to produce all of the company's electric vehicle models on an Original Equipment Manufacture basis.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Friday 12th October.

 






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