By Kathryn Hardison
Millennium Group International Holdings Ltd. has applied for an IPO.
The company plans to offer five million shares at a price of between $4 and $5 each, according to a filing with the Securities and Exchange Commission on Friday.
Millennium is a holding company operating as a paper-based packaging solutions provider and supply chain management company through offices in Hong Kong, China and Vietnam.
The proceeds will be used to build new packaging plants, purchase new machinery and for general working capital, the company said.
Millennium has applied to list on the Nasdaq Capital Market under the ticker MGIH.
For the year ended June 30, the company reported revenue of $66.2 million, up from $64.6 million in the prior year. Net income for the last year was $4.1 million, up from $3.7 million last year.
Write to Kathryn Hardison at [email protected]
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