VMT 3.85% 13.5¢ vmoto limited

CASH REQUIRED $6.4m, page-2

  1. 2,710 Posts.
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    TD88 welcome to VMT

    As the announcements states below Vmoto will use existing cash or funds from its working capital.

    I think that is fairly clear wouldn't you say? I have highlighted for your reference.


    Vmoto
    will contribute RMB 30 million (~A$6.4million)in cash and/or assets by end of June 2020 to provide the initial working capital for Vmoto Soco. Vmoto expects to provide the majority of its contribution in cash, with some production equipment of nominal value. The cash will be used to provide working capital for parts purchasing until supply agreements on extended credit and trading terms are established with component suppliers. Vmoto is able to fund its contribution via existing cash and/or funds from its working capital facility.
    Last edited by TradeX8: 25/02/20
 
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