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Kandal M Venture Limited Announces Investment in Manufacturing Facility in the Philippines to Diversify Global Footprint
Takhmao, Cambodia, March 09, 2026 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of
About this update from Kandal M Venture Limited
[{"type":"text","content":"Takhmao, Cambodia, March 09, 2026 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today 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 US$2.5 million in an all-cash transaction. This investment marks the Company’s first major expansion outside of its primary Cambodian operations. Strategic Rationale: Diversification and Capacity Expansion The investment in Dumaine International is a key pillar of Kandal’s long-term strategy to: Geographic Risk Diversification: Mitigate regional concentration risks by establishing a multi-country manufacturing footprint.Client Acquisition: Enhances the Company’s ability to attract premier global brands by offering strategic supply chain resilience and a diversified manufacturing alternative in Southeast Asia.Operational Synergy: Leverages complementary regional expertise to strengthen product development and production uniqueness. “Our investment in Dumaine International is a transformative step in evolving Kandal from a single-country operator into a diversified regional manufacturing powerhouse,” said Mr. Duncan Miao, Director and Chairman of the Board of Kandal. “By expanding into the Philippines, we are not only enhancing our production and design capabilities but also providing our global customers with the supply chain resilience they demand in today’s market. This is the first of several initiatives aimed at scaling our footprint and capturing a larger share of the affordable luxury sector.” 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. About Kandal M Venture Limited Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. It primarily manufactures handbags, such as shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and other smaller leather goods, such as wallets. For more information, please visit the Company’s website at www.kandalmv.com. Forward-Looking Stat...