TOMO Holdings raises HK$15.70 million through private placement; total shares increase to 765 million

Bulletin Express04-10

On 10 April 2026, TOMO Holdings Limited announced the completion of a share subscription executed under its existing general mandate.

The company issued 90.00 million new shares to a single subscriber at HK$0.1748 per share, generating gross proceeds of approximately HK$15.70 million and net proceeds of about HK$15.50 million after fees and expenses.

Following the transaction, the company’s issued share capital expanded from 675.00 million to 765.00 million shares. The controlling shareholder, Mr. Lu Yongde (through Billion Legend Company Limited), now holds 345.15 million shares, representing 45.12 % of the enlarged share base—down from 51.13 % before the placement. The new subscriber’s stake rose from 0.04 % to 11.80 %, while the aggregate holding of other public shareholders declined to 43.08 %.

The subscription fulfilled all conditions precedent stipulated in the agreement, marking official closing on the same date. Lu Yongde continues to serve as executive director and chairman, joined on the board by one additional executive director and three independent non-executive directors.

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