Vmoto Limited (AU:VMT) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Vmoto Limited has announced plans to delist from the Australian Securities Exchange, citing the share price not reflecting its true value and low trading liquidity as primary reasons. The company believes that the costs and management time required for maintaining its ASX listing outweigh the benefits, and it plans to explore other capital markets post-delisting. Vmoto will also conduct a share buy-back before the delisting to provide shareholders an opportunity to liquidate their investments.
For further insights into AU:VMT stock, check out TipRanks’ Stock Analysis page.