Kido Group Joint Stock Company (stock code: KDC, HoSE) has announced a resolution to seek a partner for the transfer of 49% equity in Kido Frozen Food Joint Stock Company (KDF).
KDF currently has a charter capital of VND 741.6 billion, with Kido holding 49%, equivalent to 36.33 million KDF shares, accounted as an associate company. Kido aims to transfer its entire 49% stake in KDF at an expected price of VND 2,500 billion.
The KDC Board of Directors has authorized the CEO to proactively search for a transferee partner, engage with investment funds, securities companies, brokers, and negotiate and decide on matters related to the transaction.
In July 2022, KDF underwent equitization and increased its charter capital from VND 541.6 billion to VND 741.6 billion. Post-conversion, Kido reduced its ownership in KDF from 100% to 73.03%, corresponding to 54.16 million shares.
Subsequently, Kido transferred 24.03% of KDF’s shares to Nutifood Nutrition Food Joint Stock Company, reducing its ownership to the current 49%.
Meanwhile, Nutifood acquired additional shares from various shareholders, holding 51% of KDF’s shares by September 2024, thereby becoming KDF’s parent company.
KDF previously managed Kido’s brands such as Celano and Merino.
KDF was originally the manager of Kido’s brands like Celano and Merino. However, Kido stated that before reducing its stake in KDF, the group had transferred key brands, including Celano and Merino, back to its own portfolio.
The extraordinary shareholders’ meeting of KDC in January 2025 did not approve the sale of 24.03% of KDF’s shares; did not agree to the transfer of the Celano brand; did not agree to the transfer of the Merino brand; and did not agree to the transfer of the Kido brand.
Hà Ly
Kido Seeks Partner to Acquire 49% Stake in KDF
Kido Group (KDC) has announced its resolution to seek a partner for the transfer of its entire 49% stake in Kido Frozen Foods JSC (KDF), the company formerly managing renowned ice cream brands such as Celano and Merino.
Kido Group’s Leadership Plans to Offload Over 400,000 KDC Shares
Mr. Tran Quoc Nguyen, a Board Member and Deputy CEO of Kido Group, has recently registered to sell 438,171 shares to address personal financial needs.
“Ice Cream Giant Appoints Hieuthuhai as Director: Commanding Nearly 20% Market Share, Now Backed by Nutrifood to Access Hundreds of Thousands of Freezers Nationwide.”
Just two months before Hieuthuhai took on the role of Celano Experience CEO, the ice cream brand, along with Merino, was acquired by Nutrifood with the aim of expanding its product ecosystem, targeting young consumers.
The King of Fruits: HAGL’s Produce Enters the Domestic Market with a Bang!
“Hoang Anh Gia Lai has invested over $2 billion in agriculture across Vietnam, Laos, and Cambodia,” said Chairman Doan Nguyen Duc, or ‘Bầu Đức’ as he is commonly known.
