TAIPEI, Taiwan - Companies in the Taiwanese supply chain are beginning to feel the fall out of the VanMoof bankruptcy in Europe. Electronic connectivity solutions maker Speed Tech Corp and manufacturer Ideal Bikes have both posted listings on the Taiwanese stock exchange referring to unpaid bills by VanMoof Asia Ltd, forcing the company into liquidation.
TAIPEI, Taiwan (BRAIN) Speed Tech, an electrical connector supplier, says VanMoof Asia owes it $5,038,000. Speed Tech joins bike maker Ideal Bike, which said last week that VanMoof Asia Ltd. owes it $1.52 million.
TAICHUNG, Taiwan (BRAIN) Bike manufacturer Ideal Bike Corp. says its representative will make claims worth $1.52 million at a creditors meeting being held Monday by VanMoof Asia Ltd., a Taiwan-based business related to the Netherlands-based e-bike brand.