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FMFC-News
FMFC-Events
Kandal M Venture Ltd Trading Halted Due to Volatility
Kandal M Venture Ltd trading halted, volatility trading pause
Kandal M Venture Ltd Trading Halted, News Pending
Kandal M Venture Ltd trading halted, news pending
Kandal M Venture Invests $2.5M in Dumaine International
Kandal M Venture announced a strategic investment to expand its manufacturing capabilities into the Philippines. Kandal entered into a definitive agreement to acquire 15% equity interest in Dumaine International Ltd for about the equivalent of $2.5M in an all-cash transaction. This investment marks the Company's first major expansion outside of its primary Cambodian operations. The investment in Dumaine International is a key pillar of Kandal's long-term strategy to: Mitigate regional concentration risks by establishing a multi-country manufacturing footprint. Enhances the Company's ability to attract premier global brands by offering strategic supply chain resilience and a diversified manufacturing alternative in Southeast Asia. Leverages complementary regional expertise to strengthen product development and production uniqueness. Kandal expects this partnership to provide immediate access to 477,252 sq. ft. of production capacity and a skilled workforce of over 3,500 employees.
Kandal M Venture Appoints Fok Yui Kwong as CEO
Kandal M Venture announced the appointment of Fok Yui Kwong as executive director and CEO, effective February 1. Ngee Woon Lim, who has served as CEO and Executive Director, will cease to serve in both roles effective February 1.
Kandal M Venture Receives Noncompliance Notice from Nasdaq
Kandal M Venture announced it has received a letter of noncompliance from Nasdaq, dated December 22, notifying the company that based on Kandal's closing bid price for the last 30 consecutive business days, the company no longer meets the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550 to maintain a minimum bid price of $1 per share.
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