Kido wants to sell all 49% of KidoFoods capital, expected price 2,500 billion VND

(Dan Tri) - Kido is looking for a partner to transfer all 49% of shares at KidoFoods - the company that used to manage the Celano and Merino brands.

Kido Group Joint Stock Company (stock code: KDC) recently announced a resolution approving the policy of finding a partner to transfer 49% of shares at Kido Frozen Foods Joint Stock Company (KidoFoods, stock code: KDF).

KidoFoods currently has a charter capital of VND741.6 billion. Of which, Kido owns 49%, equivalent to 36.33 million KDF shares and is accounted as an associated company. Kido wants to transfer all 49% of KDF shares at an expected price of VND2,500 billion.

Kido's Board of Directors assigned the General Director to proactively search for transfer partners, work with investment funds, securities companies, brokers... to negotiate and decide on matters related to the above transaction.

In July 2022, KidoFoods was equitized and increased its charter capital from VND541.6 billion to VND741.6 billion. After the conversion, Kido reduced its ownership ratio at KidoFoods from 100% to 73.03%, equivalent to 54.16 million shares.

Kido then transferred 24.03% of KDF shares to Nutifood Nutrition Food Joint Stock Company to reduce its ownership to the current 49%. In another development, Nutifood bought more shares from many other shareholders and held 51% of KidoFoods shares in September 2024, then announced that it would become the parent company of KidoFoods.

In late 2024 and early 2025, the market paid attention to the "scandal" between Kido and related parties regarding the use of the Merino and Celano brands (Photo: KDF).

Ice Cream Brand War Over?

During this period, the market paid attention to the "scandal" between Kido and related parties regarding the use of the Merino and Celano brands.

In the last months of 2024, after having a new executive board, KidoFoods invested heavily to promote the Celano brand, especially the campaign using the top stars of the show Anh Trai Say Hi to promote such as HIEUTHUHAI, Quang Hung MasterD, Duong Domic, JSOL and Hurrykng.

Although the ownership ratio is no longer dominant, a Kido representative said that the Merino and Celano brands that KidoFoods is using for business are still brands owned by this group.

After a series of controversies related to Kido's lawsuit regarding the request to apply temporary emergency measures "Prohibiting or forcing certain acts" to Kido Foods, Dat Viet Media and reviewing related evidence, Kido has now decided to divest all capital at KidoFoods.

This move comes as the group is making big plans related to AI. Kido is known to have just joined hands with a Chinese partner to establish a joint venture AIRO, with Kido owning 51% of the capital and 49% from Yuguang Tongchen (China).

Source: https://dantri.com.vn/kinh-doanh/kido-muon-ban-het-49-von-kidofoods-gia-du-kien-2500-ty-dong-20251016170932884.htm