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The latest announcement is out from Tomo Holdings Limited ( (HK:6928) ).
Tomo Holdings Limited announced the successful completion of its Rights Issue, which was approximately 63.43% subscribed. The remaining unsubscribed shares were successfully placed, resulting in gross proceeds of approximately HK$40.5 million. The net proceeds of HK$39.5 million will be used to upgrade and expand the motor vehicle trading business, enhance the electronic accessories and upholstery business, cover increased operational costs, and serve as general working capital. The Rights Issue has not altered the substantial shareholding structure, with no new substantial shareholders emerging.
The most recent analyst rating on (HK:6928) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Tomo Holdings Limited stock, see the HK:6928 Stock Forecast page.
More about Tomo Holdings Limited
Tomo Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the motor vehicle trading business, as well as the electronic accessories and upholstery business. The company focuses on upgrading, expanding, and developing its operations in these sectors.
Average Trading Volume: 2,694,184
Technical Sentiment Signal: Buy
Current Market Cap: HK$195.7M
For an in-depth examination of 6928 stock, go to TipRanks’ Overview page.