TOMO Holdings Completes Rights Offering

MT Newswires Live

2025/10/10

TOMO Holdings (HKG:6928) sold unsubscribed shares from its previously announced rights offering to independent buyers, according to a Hong Kong bourse filing on Thursday.

Shares of the company fell nearly 2% in late morning trade Friday.

The auto parts seller sold the remaining 82.3 million unsubscribed shares at HK$0.18 apiece.

As a result, the company was able to sell the entire 225 million right shares on offer for net proceeds of nearly HK$40 million.

Most of the funds will be used to upgrade and expand the company's motor vehicle trading business.

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