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Vmoto to accelerate expanison with Chinese acquisition

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.
Optima has signed a letter of intent to acquire Freedomotor Company Ltd, an international scooter/motorcycle trading and distribution company.
The deal is forecast to add total revenues of approximately $20 million for the 6 months ended 30 June 2007 and an estimated $50 million for the year ended 30 June 2008, generating NPAT of approximately $1.8 million and $4.1 million respectively.
Freedomotor has an office based in Shanghai and has over 30 clients located in Europe, Australia, North America, South America and South Africa.
Last month, in line with its strategy to foster international opportunities, Vmoto signed a distribution agreement with The Sharaf Group, headquartered in Dubai, United Arab Emirates.
An agreement was reached whereby Sharaf would have exclusive distribution rights of the Chinese-built Vmoto in the UAE, with a 12-month option to become master distributor for the Middle East, servicing 13 countries.
The agreement is valued at $4.2 million, in the event that the Sharaf exercises its option of the remaining 13 countries.
At market close, shares in Optima were up 3.8 per cent to 8.3 cents

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Vmoto (VMT)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
489thVmoto-3%-14%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/06/18
$43k Bought
25/06/18
$32k Bought
18/06/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Vmoto$15.9m
239 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Vmoto

467thCharles Chen$269k
741stIvan Teo$152k
1273rdKaijian Chen$40k
Ranked by total remuneration from all listed WA companies

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