Oct 23 (Reuters) - KANDAL M VENTURE LTD:

* KANDAL M VENTURE LTD FILES FOR U.S. IPO - SEC FILING

* KANDAL M VENTURE - IN IPO, CO OFFERING 2.1 MILLION CLASS A

ORDINARY SHARES, SELLING SHAREHOLDERS OFFERING 656,250 CLASS A

ORDINARY SHARES

* KANDAL M VENTURE - OFFERING PRICE OF CLASS A ORDINARY

SHARES IN

IPO IS SEES TO BE BETWEEN US$4 & US$5 PER SHARE

* KANDAL M VENTURE - INTENDS TO APPLY TO LIST CLASS A

ORDINARY

SHARES ON NASDAQ UNDER SYMBOL "FMFC"

* KANDAL M VENTURE - CATHAY SECURITIES, WESTPARK CAPITAL ARE

UNDERWRITERS TO US IPO