According to the resolution, KDF currently has a chartered capital of VND 741.6 billion, with Kido holding 49%—equivalent to 36.33 million shares. The group plans to transfer all these shares for VND 2,500 billion.
KDC‘s Board of Directors has authorized the CEO to proactively seek potential buyers, engage with investment funds, securities firms, and brokers, and negotiate and finalize transaction details.
Previously, KDF underwent equitization in July 2022, increasing its chartered capital from VND 541.6 billion to VND 741.6 billion. Post-conversion, Kido‘s ownership in this subsidiary decreased from 100% to 73.03%, corresponding to 54.16 million shares.
Subsequently, Kido transferred 24.03% of KDF‘s shares to Nutifood Nutrition JSC, reducing its stake to the current 49%, without disclosing the transaction value. Meanwhile, Nutifood acquired additional shares from various shareholders, securing a 51% stake in KDF by September 2024, officially becoming its parent company.
As per the business registration dated October 7, 2025, Mr. Tran Thanh Hai—Chairman of Nutrifood—currently serves as Chairman and legal representative of KDF.
Brand Disputes Post-Transaction
The transaction sparked conflicts between Nutifood and Kido over the use of the Celano and Merino brands—two ice cream labels long associated with KDF‘s production and distribution.
Kido stated it transferred ownership of the Merino and Celano ice cream brands from KDF to Kido in June 2022. Later, Kido‘s Extraordinary Shareholders’ Meeting in January 2025 rejected the sale of 24.03% of KDF‘s shares and disapproved the transfer of the Celano, Merino, and Kido brands.
– 10:34 16/10/2025
KIDO Officially Announces Sale of 49% Stake in Ice Cream Company, Valued at VND 5.1 Trillion, Following Trademark Dispute with NutiFood
This valuation represents a 14% premium over the 4.45 trillion VND valuation when KIDO divested 24% of its stake in KDF in 2023.
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