“Global electric vehicle company Vmoto Limited (ASX: VMT) (“Vmoto”, or the “Company”) announced that it has entered into an agreement with its exclusive distributor for the UK, Vmoto UK Distribution Limited (“UK Distribution”) (part of GreenMo Group B.V.) and its administrator, for the Company’s wholly owned subsidiary, Vmoto Soco UK Ltd (“Vmoto Soco UK”) to acquire the business and certain assets of UK Distribution for a total cash consideration of approximately A$1 million (~GBP557,000).”
Ann: Vmoto Acquires the Business and Assets of its UK Distributor, page-67
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