[Taodi-KY] Subsidiary Taodi Children's Clothing Co., Ltd. announces signing of MOU with partner
Taodi-KY's subsidiary signed an MOU with Mr. Wang Xun-Fa to acquire a 40% stake in Dai Phat Garments in Vietnam, aiming to establish a children's clothing production base and integrate the upstream supply chain.
📋 Article Processing Timeline
- 📰 Published: May 15, 2026 at 09:00
- 🔍 Collected: May 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 16, 2026 at 09:21 (1h 21m after Collected)
1. Date of occurrence of the event: 2026/05/15
2. Counterparty to the contract or commitment: Mr. Wang Xun-fa
3. Relationship with the Company: Related party
4. Starting and ending dates (or date of rescission) of the contract or commitment: 2026/05/15
5. Major content (not applicable where rescinded): The subsidiary Taodi Children's Clothing Co., Ltd., in order to expand its operational scale and enter the upstream of the industry chain, will establish a children's clothing production base in Vietnam by acquiring a 40% equity stake in Dai Phat Garments Company Limited. Its business scope covers clothing-related design, R&D, manufacturing, sales, and trade.
6. Restrictive covenants (not applicable where rescinded): According to the contract provisions.
7. Commitment (not applicable where rescinded): According to the contract provisions.
8. Any other important agreement (not applicable where rescinded): According to the contract provisions.
9. Effect on company finances and business: This MOU is to confirm the consensus of cooperation between the two parties and currently has no significant impact on the company's finance and business.
10. Specific purpose: Through this joint cooperation, the group aims to expand its operational scale, enter the upstream industry chain, further cooperate with global brands, increase its competitive advantages, and positively benefit shareholder equity.
11. Any other matters that need to be specified:
(1) The company's private placement of common shares in 2026 is the source of funds for the subsequent acquisition of Dai Phat Garments Co., Ltd. If the private placement is not approved at the Annual General Meeting, the company may not acquire the said equity.
(2) Details and content of the cooperation will be determined upon signing the formal contract.
(3) Investors should note that there is a risk that the formal contract may not necessarily be signed.
2. Counterparty to the contract or commitment: Mr. Wang Xun-fa
3. Relationship with the Company: Related party
4. Starting and ending dates (or date of rescission) of the contract or commitment: 2026/05/15
5. Major content (not applicable where rescinded): The subsidiary Taodi Children's Clothing Co., Ltd., in order to expand its operational scale and enter the upstream of the industry chain, will establish a children's clothing production base in Vietnam by acquiring a 40% equity stake in Dai Phat Garments Company Limited. Its business scope covers clothing-related design, R&D, manufacturing, sales, and trade.
6. Restrictive covenants (not applicable where rescinded): According to the contract provisions.
7. Commitment (not applicable where rescinded): According to the contract provisions.
8. Any other important agreement (not applicable where rescinded): According to the contract provisions.
9. Effect on company finances and business: This MOU is to confirm the consensus of cooperation between the two parties and currently has no significant impact on the company's finance and business.
10. Specific purpose: Through this joint cooperation, the group aims to expand its operational scale, enter the upstream industry chain, further cooperate with global brands, increase its competitive advantages, and positively benefit shareholder equity.
11. Any other matters that need to be specified:
(1) The company's private placement of common shares in 2026 is the source of funds for the subsequent acquisition of Dai Phat Garments Co., Ltd. If the private placement is not approved at the Annual General Meeting, the company may not acquire the said equity.
(2) Details and content of the cooperation will be determined upon signing the formal contract.
(3) Investors should note that there is a risk that the formal contract may not necessarily be signed.