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Vmoto Limited ( (AU:VMT) ) has provided an announcement.
Vmoto Limited has announced its intention to delist from the Australian Securities Exchange (ASX), pending shareholder approval. The decision is driven by the board’s view that the trading price of its shares does not reflect the company’s fundamental value. Despite delays due to shareholder actions, the company plans to proceed with the delisting, which is considered to be in the best interests of all shareholders. A detailed explanation and timeline for the delisting process will be provided to shareholders in April 2025.
More about Vmoto Limited
Vmoto Limited operates in the electric vehicle industry, focusing on the manufacturing and distribution of electric scooters and motorcycles. The company primarily targets urban commuters and delivery services, aiming to provide eco-friendly transportation solutions.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.13M
For detailed information about VMT stock, go to TipRanks’ Stock Analysis page.