Australia's Vmoto gains on buying French distributor's business

Vmoto

12/09/2023 04:43

** Shares of Australia's Vmoto  VMT.AX  up 7.3% at A$0.22,
set for best day since Aug 31, if gains hold
    ** Electric two-wheeler maker says through unit Vmoto Soco
France agreed to acquire business and certain assets of its
French distributor Mujoo France
    ** Co says the A$325,000 ($209,072.50) deal is expected to
complete in October
    ** Stock down ~48% YTD, as of last close
 
($1 = 1.5545 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))