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 Limited (Nasdaq: MGIH) is a long-established paper-based packaging solutions supplier in the corrugated and solid fiber box manufacturing industry. Company news about MGIH often focuses on its packaging products, corrugated products and packaging products supply chain management solutions for a wide range of industries, as well as its geographic expansion and operational developments.
Recent announcements have highlighted Millennium Group’s capital markets milestones and growth initiatives. The company completed an initial public offering of its ordinary shares on the Nasdaq Capital Market under the symbol MGIH, and has described plans to establish new corrugated paper products production facilities in Huizhou, PRC and Vietnam, supported by investment in new capital equipment.
News coverage has also featured the official commencement of operations at a manufacturing facility in Hung Yen Province, Vietnam. According to the company, this facility is equipped to produce high-quality color boxes and packaging for sports products, electronics, toys and fast-moving consumer goods, and includes an intelligent water and power monitoring system to track resource usage in real time. Such updates provide insight into Millennium Group’s production capacity, sustainability measures and ability to serve domestic and international customers.
Other company communications have reported industry recognition, including being named Best Printing and Packaging Manufacturer of the Year at the Hong Kong Commercial Times Business Awards, and participation in trade fairs such as Beautyworld Middle East to explore opportunities in cosmetic products and high-end luxury packaging. Visitors to this news page can review these and other announcements to understand how Millennium Group is developing its paper-based packaging business, expanding its global footprint and engaging with customers and markets across Asia-Pacific, North America, Europe and other regions mentioned in its disclosures.
Millennium Group International Holdings (NASDAQ:MGIH), a paper-based packaging solutions provider, has officially launched its new manufacturing facility in Hung Yen Province, Vietnam. The state-of-the-art facility, which completed trial runs in January 2025, is equipped with advanced machinery for producing color boxes and packaging for sports products, electronics, toys, and consumer goods.
The facility features an intelligent water and power monitoring system and represents a strategic expansion following the company's IPO in April 2023. According to Chairman Matthew Lai and CEO Ray Lai, this expansion enhances production capacity, improves supply chain efficiency, and strengthens MGIH's ability to serve both domestic and international customers.
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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