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Kandal M Venture buys additional 15% stake in Dumaine for US$2.5 million cash

PUBT·06/08/2026 20:01:58
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Kandal M Venture buys additional 15% stake in Dumaine for US$2.5 million cash
  • Kandal M Venture agreed to buy another 15% stake in Dumaine International for USD 2.5 million in cash, funded from Padachi M cash on hand.
  • Deal lifts Padachi M ownership in Dumaine to 30% from 15%.
  • Sellers to cut stakes to 31.5% from 38.25% for Mr. Miao Duncan, to 38.5% from 46.75% for Mr. Miao Tai Wai, David.
  • Pricing set via arm’s-length talks, referencing a Jan. 30, 2026 valuation report; board cleared the related-party transaction on June 8.
  • Dumaine is a BVI investment holding company with subsidiaries in luxury handbag manufacturing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kandal M Venture Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-066270), on June 08, 2026, and is solely responsible for the information contained therein.