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.
Perth-based Optima Corporation Ltd has announced plans to raise $3 million through a placement to complete the acquisition of Shanghai-based scooter and motorcycle company Freedomotor Company Ltd.
Subiaco-based Optima Corporation Ltd has made good on its plans to expand its Vmoto scooter brand, acquiring Shanghai-based scooter and motorcycle company Freedomotor Company Ltd for around $3.2 million.
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.
16 Oct 2006
Subscribe today for award-winning, unbiased and trusted journalism
