At the 2025 Annual General Meeting of Shareholders held in Ho Chi Minh City on the morning of June 5th, KIDO Group (code: KDC) attracted attention by announcing plans to develop its existing land funds to implement large-scale real estate projects, expand its ecosystem, and attract investment.
The management board shared their intention to leverage the advantages of premises owned by member companies such as Tuong An and Vocarimex to develop commercial retail projects, shopping complexes, office spaces, and serviced apartments.
These projects are expected to create a synergistic effect on revenue and profits while simultaneously enhancing the corporation’s asset value.
KIDO’s 2025 Annual General Meeting of Shareholders on June 5th
Notably, Mr. Nguyen Cong Hao, KIDO’s Deputy General Director, shared that M&A activities continued to play a significant role in 2024, with the most notable success being the acquisition of a controlling stake of 75.39% in Hung Vuong Plaza.
“Previously, when Hung Vuong operated independently, it achieved a capacity of over 80%; since KIDO took over, it has consistently operated at nearly 100% capacity, providing a stable cash flow for the corporation’s ecosystem,” Mr. Hao informed.
Regarding land development, Mr. Hao revealed that the corporation possesses prime locations to execute mega projects. These ventures have the potential to attract substantial investment and offer immense commercial value.
Several large-scale projects are in the pipeline, including the “Whale Bay” project, featuring a whale symbol, aimed at becoming a popular check-in destination. Additionally, there are the Central Tower project, located in a prime area, and the KDC Residence complex.
In parallel, KIDO sought shareholder authorization for the Board of Directors to proactively seek strategic partners to exploit the ecosystem’s land fund.
This was one of two new proposals presented at this assembly, alongside matters related to the Celano and Merino brands and the remaining 49% stake in KIDO Foods.
The assembly discussed KIDO’s important policies
For 2025, KIDO aims for net revenue of VND 13,000 billion and pre-tax profit of VND 800 billion, increasing by 56% and 660%, respectively, compared to 2024 results. In the long term, the corporation intends to expand essential food products, develop a nationwide distribution network, and boost exports.
Beyond food, the miniBAO retail system will also be strengthened with plans to open 12,000 sales points in the next five years.
KIDO also highlighted that M&A activities remain a strategic focus, notably the transaction involving a 75.39% stake in Hung Vuong Plaza.
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