DealsJun 8, 2026, 04:06 PM
Kandal M Venture Ltd Enters Related Party Transaction Agreement
AI Summary
Kandal M Venture Ltd has entered into a Second Agreement, which constitutes a related party transaction, approved by its board of directors on June 8, 2026. The transaction's valuation was based on a report from January 30, 2026. Shareholding in Dumaine, an investment holding company with luxury handbag manufacturing subsidiaries, has been adjusted post-agreement. Notably, Mr. Miao Duncan, a Director and chairman of Kandal M Venture Ltd, and Mr. Miao Tai Wai, David, are key figures in both Kandal M Venture Ltd's controlling shareholder and Dumaine's ownership structure.
Key Highlights
- Kandal M Venture Ltd entered into a Second Agreement concerning a related party transaction.
- The transaction was approved by the board of directors on June 8, 2026.
- The fair market value of the Target was assessed by Moore Transaction Services Limited in a report dated January 30, 2026.
- Post-transaction, Dumaine's shareholding changed: Padachi M (30%), Mr. Miao Duncan (31.50%), Mr. Miao Tai Wai, David (38.50%).
- Pre-transaction, Dumaine's shareholding was: Padachi M (15%), Mr. Miao Duncan (38.25%), Mr. Miao Tai Wai, David (46.75%).
- Mr. Miao Duncan is a Director and chairman of the board of Kandal M Venture Ltd.
- Kandal M Venture Ltd's controlling shareholder, DMD Venture Limited, is owned by Mr. Miao Duncan (45%) and Mr. Miao Tai Wai, David (55%).
- Dumaine is an investment holding company with subsidiaries in luxury handbag manufacturing.
Price Impact
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