Welcome to our dedicated page for Millennium Group Intl Holdings ltd. news (Ticker: MGIH), a resource for investors and traders seeking the latest updates and insights on Millennium Group Intl Holdings ltd. stock.
Millennium Group International Holdings Ltd (MGIH) delivers essential paper-based packaging solutions for global industries, with specialized expertise in serving the Middle East's booming beauty sector. This comprehensive news hub provides investors and business partners with timely updates on operational developments, financial milestones, and strategic initiatives.
Access official announcements covering new product launches, manufacturing innovations, and strategic partnerships that drive MGIH's leadership in sustainable packaging solutions. Stay informed about the company's expansion in high-growth markets and evolving approaches to meet industry-specific packaging demands.
Key updates include earnings disclosures, sustainability initiatives, and market penetration strategies within the cosmetics industry. Bookmark this page for direct access to primary source materials, including regulatory filings and partnership announcements that shape MGIH's position in the global packaging value chain.
Millennium Group International Holdings Limited has successfully closed its initial public offering (IPO) of 1,250,000 ordinary shares at a price of $4.00 per share, resulting in gross proceeds of $5.0 million. The shares began trading on the Nasdaq Capital Market under the ticker MGIH on April 4, 2023. The company has also granted underwriters a 45-day option to buy an additional 187,500 shares.
The funds from the IPO will be utilized for establishing new production facilities for corrugated paper products in Huizhou, PRC, and Vietnam, along with new capital equipment. Revere Securities and R.F. Lafferty acted as underwriters, with legal counsel provided by Ortoli Rosenstadt and Sichenzia Ross Ference.
Millennium Group International Holdings Limited has priced its initial public offering (IPO) of 1,250,000 ordinary shares at $4.00 per share, aiming for total gross proceeds of $5 million. The shares will trade on the Nasdaq Capital Market under the symbol MGIH, with trading commencing on April 4, 2023, and the offering closing on April 6, 2023. The funds will be used to establish new corrugated paper production facilities in Huizhou, PRC, and Vietnam. The underwriters have a 45-day option to purchase an additional 187,500 shares.
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