Kandal M Venture shares surge 12.16% intraday after finalizing $2.5M acquisition of 15% in Dumaine International.

Kandal M Venture surged 12.16% intraday after announcing a $2.5 million agreement to acquire a 15% stake in Dumaine International Ltd. The transaction, described as a strategic step to expand its investment portfolio, aligns with the company’s focus on leveraging Dumaine’s business network and resources to enhance shareholder value. The move reflects confidence in cross-industry collaboration and growth opportunities, directly supporting the stock’s upward trajectory during regular trading.