XML 37 R8.htm IDEA: XBRL DOCUMENT v3.25.3
Organization and Business Background
12 Months Ended
Jun. 30, 2025
Organization and Business Background [Abstract]  
Organization and Business Background

(1) Organization and Business Background

 

On May 21, 2021, Millennium Group International Holdings Limited (the “Company” or the “Group”) was incorporated in the Cayman Islands, as an investment holding company. The Company primarily provides paper-based packaging solutions. The Company is headquartered in Hong Kong with significant operations in the People’s Republic of China (“PRC” or China) and Vietnam. The Company operates two production facilities in the Guangdong Province of the PRC. The Company also operates a supply chain management business in Vietnam to provide premium packaging solutions to meet the demand of the Company’s top-tier clients whose products are sold globally.

 

A reorganization of the legal structure was completed on January 19, 2022. As the Group was under control of the same shareholders and their entire equity interests were held by the same shareholders immediately prior to the group reorganization, the consolidated statements of operations and comprehensive loss, consolidated statements of changes in shareholders’ equity and consolidated statements of cash flows are prepared as if the current group structure had been in existence throughout the year ended June 30, 2022.

 

Initial Public Offering

 

On April 4, 2023, the Company announced the closing of its initial public offering (“IPO”) of 1,250,000 ordinary shares, US$0.002 par value per share (“Ordinary Shares”) at US$4.00 per share for US$5,000,000 in gross proceeds. The Company raised net proceeds of $4.2 million after deducting underwriting discounts and commissions and offering expenses. In addition, the Company granted its underwriters, Revere Securities, LLC, as the Underwriter Representative, an option for 45 days after the closing of the IPO to purchase up to 15% of the total number of the Company’s ordinary shares to be offered by the Company pursuant to the IPO (excluding shares subject to this option), solely for the purpose of covering overallotments, at the IPO price less the underwriting discount. The ordinary shares of the Company began trading on the Nasdaq Capital Market on April 6, 2023 under the ticker symbol “MGIH”.

 

As of June 30, 2025, the Company’s subsidiaries are detailed in the table as follows:

 

   Date of
Incorporation
  Place of
Incorporation
  Percentage of
Ownership
    
Name  or Establishment  or Establishment  (directly/indirectly)   Principal Activities
Subsidiary:             
Millennium Investment International Limited  September 13, 2019  HK   100%  Investment holding
Millennium Printing (Shenzhen) Co., Ltd  December 3, 2007  The PRC   100%  Investment holding and Manufacturing of paper-based packaging
Putian Xiqi Branding Strategy Co., Ltd  September 30, 2017  The PRC   100%  Trading of paper-based packaging
Millennium Packaging Technology (Huizhou) Co., Ltd.  March 6, 2020  The PRC   100%  Dormant
Millennium (Huizhou) Technology Co., Ltd.  January 19, 2020  The PRC   100%  Property holding
Huizhou Yimeinuo Industry Co., Ltd.  April 7, 2017  The PRC   100%  Property holding
Millennium Strategic International Limited  November 13, 2019  HK   100%  Investment holding
Wah Tong Investment International Limited  October 18, 2019  HK   100%  Dormant
Yee Woo Paper Investment International Limited  November 15, 2019  HK   100%  Dormant
Millennium Printing International Limited  May 12, 2000  HK   100%  Trading of paper based packaging
Millennium Packaging Group International Limited  August 13, 2003  HK   100%  Investment holding and trading
Yee Woo Paper Packaging (HK) Company Limited  December 13, 2018  HK   100%  Trading of paper-based packaging
MPG Global Company Limited  March 9, 2018  Vietnam   100%  Trading of paper-based packaging
Millennium Group Investment (BVI) Limited  May 20. 2021  BVI   100%  Investment holding
Millennium Holdings International Limited  September 23, 2019  HK   100%  Investment holding
Yee Woo Vietnam Paper Products Company Limited  August 3, 2022  Vietnam   100%  Dormant
Millennium Printing and Packaging Technology (Vietnam) Co. Ltd  June 4, 2024  Vietnam   100%  Manufacturing of paper-based packaging
MPG Global Investment PTE.LTD  September 10, 2024  Singapore   100%  Investment holding
MPG Creative Solution (SG) PTE. LTD  March 10, 2025  Singapore   80%  Dormant
PT Millennium Investment Indonesia  April 23, 2025  Indonesia   100%  Investment holding
PT Millennium Printing and Packaging Technology  June 26, 2025  Indonesia   100%  Dormant