TOMO Holdings outlines plans to upgrade and expand motor vehicle trading enhance electronic accessories and upholstery business cover increased operation costs and allocate funds for general working capital

Reuters10-09

TOMO Holdings outlines plans to upgrade and expand motor vehicle trading enhance electronic accessories and upholstery business cover increased operation costs and allocate funds for general working capital

TOMO Holdings Ltd. has announced that it intends to use the net proceeds of approximately HK$39.5 million from its recent rights issue to support several strategic initiatives. The company plans to allocate around HK$22.5 million, or 57% of the net proceeds, to upgrade, expand, and develop its motor vehicle trading business. Approximately HK$10.2 million, representing 25.8% of the net proceeds, will be used to enhance the electronic accessories and upholstery business. The company will set aside HK$3.0 million, or 7.6% of the net proceeds, to cover increased operational costs associated with business expansion and to serve as a contingency for market risks. The remaining HK$3.8 million, about 9.6% of the net proceeds, is designated as general working capital for the group and is expected to be utilised by March 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOMO Holdings Ltd. published the original content used to generate this news brief on October 09, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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