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Kandal M Venture Makes First Overseas Move With $2.5 Million Stake in Philippine Manufacturer
Kandal M Venture has acquired a 15% stake in Dumaine International for $2.5 million, marking its first overseas manufacturing base in the Philippines. This strategic move aims to diversify Kandal’s manufacturing footprint beyond Cambodia, reducing geographic risk and enhancing its capacity to attract more global contract clients in the affordable luxury segment. The investment provides access to a large facility and over 3,500 workers, supporting Kandal’s growth and regional competitiveness.