Lu Yongde made an offer to acquire remaining 48.88% stake in TOMO Holdings Limited (SEHK:6928) for HKD 28.8 million on March 20, 2024. The purchase consideration offered was HKD 0.131 in cash. Opus capital limited acted as Financial advisor to Lu Yongde.

Rainbow Capital (HK) Limited acted as financial limited to TOMO Holdings Limited and Euto Capital Partners Limited acted as Independent Financial Adviser to the Independent Board Committee.