VMT 4.35% 12.0¢ vmoto limited

Cooperation agreement with Super SOCO., page-4

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    VYR, this is the link to the Super Soco Chinese website.

    The extract below is taken from the website. Any translation errors can be blamed on Google.

    Established in 2015, SUPER SOCO focuses on providing new energy smart transportation solutions for urban light travel. With the heart of the player, the company provides global users with cool and fun new technology products, allowing more people to enjoy the fun of traveling. In June 2016, the first urban lithium-ion bike rider, SOCO TS, was released. Through the Jingdong crowdfunding platform, a total of 24.72 million yuan was raised in one month, creating the highest unit price in the history of Jingdong’s crowdfunding and the fifth highest in crowdfunding. Good results. In April 2017, TC COLOR, the second-generation retro lithium bike rider, was released. So far, SUPER SOCO has applied for 205 patents, including 6 invention patents, 9 utility model patents, 96 appearance patents, and 94 software patents. It has won the “China Good Design” award and Japan’s “G-MARK Excellent Design”. Awards, etc. SUPER SOCO has achieved a total export of more than 50+ countries and regions. The export region has comprehensively covered Europe, North America, South America, Southeast Asia, the Middle East and other global regions. At present, we have obtained investments from well-known VCs such as Xiaomi, Shunwei, Yifu, and Victoria.

    Reading over the profiles of the executives featured on that website, it seems that both the CEO and the co-founder of the company previously worked at Honda, so as you mentioned it does sound like the link between Charles Chen and these two is probably through the Chinese company that Honda acquired.

    An ASX listing would be highly coveted by some Chinese companies, as unlike the well-regulated Australian stock exchange, the mainland Chinese stock exchanges have a poor reputation.  So it could be possible that Super Soco might be looking to initiate some kind of 'reverse takeover', thereby providing them with a short-cut to an ASX listing.
 
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