In the document, KIDO proposes to shareholders the transfer of the remaining 49% equity in KIDO Frozen Food Joint Stock Company (KIDO Foods, KDF).
Specifically, KIDO plans to transfer over 36.3 million KDF shares to Nutifood Nutrition Joint Stock Company Nutifood or its designated partners, with a transaction value of approximately VND 2,500 billion. If approved, KIDO will officially exit the ice cream and frozen food sector.
Previously, in 2023, KIDO proposed transferring more than 24% of KDF shares to Nutifood, but this plan was rejected by the extraordinary shareholders’ meeting in 2024. Now, the divestment of the remaining 49% stake is expected to resolve prolonged disputes between the two giants in the food industry.
Returning the Merino and Celano brands to KDF
Notably, KIDO also proposes to cancel the trademark transfer agreements signed in 2022, thereby removing legal obstacles related to intellectual property rights for the Merino and Celano ice cream brands.
Specifically, the Board of Directors seeks shareholder approval to cancel the transfer of 34 trademarks—including Merino, Celano, and Wel Yo—and 7 trademark applications from KDF to KIDO Group. Concurrently, KIDO will initiate procedures to return ownership of these trademarks to KIDO Foods.
Returning the brands to KDF means that when Nutifood acquires KDF, they will fully own both the production system and the leading ice cream brands in Vietnam.
Deferring 2024 dividends and expanding business lines
Additionally, KIDO proposes to temporarily defer the 2024 cash dividend payment. Management explains that the economic outlook for 2025 remains challenging, with the company facing cost pressures and intense competition. Therefore, the company prioritizes cash flow for production and operations in Q4/2025 and Q1/2026. Dividend payment is expected to be rescheduled for Q1/2026.
KIDO also seeks approval to add new business lines, including real estate, restaurants and mobile catering services, entertainment activities, and wholesale trade.
Shareholders are requested to submit their opinions to the company by 5 PM on December 11, 2025.
– 09:37 28/11/2025
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