Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tomo Holdings Limited ( (HK:6928) ) just unveiled an update.
Tomo Holdings Limited has announced a proposed rights issue to raise approximately HK$40.5 million by offering one rights share for every two shares held by qualifying shareholders. The rights issue, which is non-underwritten, aims to generate net proceeds of around HK$39.5 million and involves placing any unsubscribed shares to independent placees. This move is part of the company’s strategy to strengthen its financial position, though it carries risks as the rights issue may not proceed if certain conditions are not met.
More about Tomo Holdings Limited
Tomo Holdings Limited is a company incorporated in the Cayman Islands, operating with limited liability. It is listed on the Stock Exchange of Hong Kong with a focus on financial services, particularly involving securities.
Average Trading Volume: 2,442,188
Technical Sentiment Signal: Buy
Current Market Cap: HK$216M
See more insights into 6928 stock on TipRanks’ Stock Analysis page.