Millennium Group International Holdings Limited (MGIH) has released an update.
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Millennium Group International Holdings Limited has begun voluntarily liquidating its subsidiary Yee Woo Paper Industry due to the challenging economic environment, including the Sino-US trade war and pandemic aftermath. The company is consolidating operations to enhance efficiency by transferring production lines to Millennium Printing (Shenzhen) Company Ltd. The overall cost of this strategic move is estimated to be between USD$4.9 million to USD$6.5 million and is expected to be completed by the end of 2024.
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