- Business
- TOMO Holdings Limited (6928.HK) is a Cayman Islands-incorporated investment holding company primarily engaged in the design, manufacture, supply, and installation of leather upholstery and electronic accessories for passenger vehicles, alongside the distribution of automotive parts and motor vehicles. The company operates through three main segments: passenger vehicle leather upholstery, which includes custom leather seats, door panels, headrests, and armrests supplied and installed for passenger vehicle distributors and dealers; passenger vehicle electronic accessories, encompassing navigation and multimedia products such as head units, in-car entertainment systems, and automatic power tailgates, as well as safety and security items like reverse cameras, parking sensors, and dashcam digital video recorders; and automotive parts and motor vehicles, which involves supplying components and vehicles to distributors primarily in Singapore. Founded in 1995 and headquartered at Block 3018 Bedok North Street 5, #02-08 Eastlink, Singapore, TOMO Holdings focuses on the Singapore market, serving passenger vehicle distributors and dealers with aftermarket enhancement solutions. Recent major changes include a March 2024 mandatory unconditional cash offer by Lu Yongde, who acquired a 51.11% controlling stake from Leung Ka Fai for HK$30 million, followed by his appointment as Chairman in 2024 and board additions such as Chi Wing Lam as Independent Non-Executive Director; additionally, on November 18, 2025, the company entered a subscription agreement for a HK$15.7 million private placement of 90 million new shares to bolster its capital position.