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Kandal M Venture (Nasdaq: FMFC) invests $2.5M in Philippines plant

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Form Type
6-K

Rhea-AI Filing Summary

Kandal M Venture Limited reported that its wholly owned subsidiary Padachi M Venture Ltd agreed to acquire a 15% equity stake in Dumaine International Ltd for US$2.5 million in an all-cash transaction. Dumaine operates a manufacturing facility in the Philippines.

The deal marks Kandal’s first major expansion outside Cambodia and is described as a step toward becoming a diversified regional manufacturing platform. Through this partnership, Kandal expects access to about 477,252 sq. ft. of production space and a workforce of over 3,500 employees, supporting greater capacity, design capabilities, and supply chain resilience for its affordable luxury leather goods business.

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Insights

Kandal makes a $2.5M regional expansion bet via a minority stake in a Philippine plant.

Kandal M Venture is investing US$2.5 million for a 15% interest in Dumaine International, gaining access to a large Philippine manufacturing facility. The move extends its footprint beyond Cambodia while keeping capital outlay relatively modest via a minority position.

The company highlights benefits such as 477,252 sq. ft. of added capacity and more than 3,500 employees, which can support production diversification and design capabilities. Actual financial impact will depend on how effectively this capacity is utilized and how integration with existing Cambodian operations is managed.

Management frames this as the first in a series of initiatives to scale within the affordable luxury leather segment. Future disclosures in periodic reports can clarify revenue contribution from the Philippine facility and whether further ownership increases or additional regional investments are pursued.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2026

 

Commission File Number: 001-42715

 

KANDAL M VENTURE LIMITED

 

(Registrant’s Name)

 

Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province, Kingdom of Cambodia

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F ☐

 

 

 

 

 

Entry into Sales and Purchase Agreements for Acquisitions

 

On March 6, 2026, Padachi M Venture Ltd (“Padachi M”), a wholly owned subsidiary of Kandal M Venture Limited (the “Company”), entered into a sales and purchase agreement (the “Agreement”) to acquire 15% of the total issued share capital of Dumaine International Ltd for an aggregate consideration of US$2.5 million to be settled entirely in cash.

 

The Company issued a press release announcing these transactions on March 9, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

 

Exhibit Index

 

Exhibit
Number
  Description
     
99.1   Press Release dated March 9, 2026

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  KANDAL M VENTURE LIMITED
     
Date: March 9, 2026 By: /s/ Duncan Miao
  Name:  Duncan Miao
  Title: Chairman of the Board of Directors

 

2

 

Exhibit 99.1

 

Kandal M Venture Limited Announces Investment in Manufacturing Facility

in The Philippines to Diversify Global Footprint

 

Cambodia, March 9, 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 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:

 

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: Attract premier global brands by offering strategic supply chain resilience and a diversified manufacturing alternative in Southeast Asia.

 

Operational Synergy: Align regional expertises in both countries to enhance 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.

 

1

 

 

Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the Securities and Exchange Commission before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

 

Contacts:

 

Company:
Kandal M Venture Limited Investor Relations Contact:
Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province,
Kingdom of Cambodia
Email: enquiry@fmfco.com.kh

Telephone: +855 23425205

 

Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: +1 (646) 893-5835 x2
Email: info@skylineccg.com

Website: www.skylineccg.com

 

 

 

 

 

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Kandal M Venture Limited

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