Kandal M Venture signs LOI to acquire ro brand intellectual property for US$2 million-US$3 million in shares
FMFC•LOI to acquire ro brand intellectual property
Kandal M Venture signed non-binding letters of intent to acquire all intellectual property tied to the “ro” brand from Miro Design.
The estimated purchase price is US$2 million to US$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.
