Kandal M Venture Limited was incorporated in the Cayman Islands on January 16, 2024, and is a holding company. As a holding company without significant business operations of its own, it conducts its business in Cambodia through its operating subsidiary, FMF. Through its operating subsidiary FMF, it is a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia. They primarily produce handbags, such as shoulder bags, cross - body bags, tote bags, backpacks, top - handle bags, satchels, and other smaller leather items like wallets.