Kandal M Venture signs LOI to acquire ro brand intellectual property for US$2 million-US$3 million in shares

Reuters2026/09/01 20:04

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Kandal M Venture signed non-binding letters of intent to acquire all intellectual property tied to the “ro” brand from Miro Design.
Estimated purchase price of USD 2 million to USD 3 million, to be paid in newly issued Class A ordinary shares.
Miro Design is wholly owned by Duncan Miao, making the proposed transaction a related-party deal.
Completion hinges on independent valuation, special committee sign-off, due diligence, and definitive documentation.

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: 0001213900-26-096204), on September 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kandal M Venture signs LOI to acquire ro brand intellectual property for US$2 million-US$3 million in shares

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