TOMO HOLDINGS (06928) announced on November 18, 2025, that it intends to issue 90 million subscription shares to Mr. Ma Rufeng at a price of HK$0.1748 per share. This represents a discount of approximately 16.8% compared to the closing price of HK$0.210 per share on the Hong Kong Stock Exchange on the date of the subscription agreement. The net proceeds from the subscription, amounting to around HK$15.5 million, will be used as working capital to develop the company's automotive parts trading business in China, particularly for purchasing inventory under a cooperation agreement.
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