KIDO reveals plans to find partners for mega-scale real estate projects.

(NLĐO) - KIDO Group has announced plans to utilize existing land funds to develop large-scale real estate projects, expand its ecosystem, and attract investment.

At the 2025 Annual General Meeting of Shareholders held on the morning of June 5th in Ho Chi Minh City, KIDO Group (code: KDC) attracted attention by announcing its plan to utilize existing land funds to implement large-scale real estate projects, expand its ecosystem, and attract investment.

The management stated that they will leverage the land resources of member companies such as Tuong An, Vocarimex, etc., to develop retail projects, shopping complexes, offices, and serviced apartments.

These projects are expected to generate synergistic revenue and profits, while also increasing the group's asset value.

KIDO's 2025 Annual General Meeting of Shareholders will be held on the morning of June 5th.

Notably, Mr. Nguyen Cong Hao, Deputy General Director of KIDO, stated that in 2024, M&A activities continued to thrive, most notably the successful merger of Hung Vuong Plaza into KIDO's company through an investment that resulted in a controlling stake of 75.39%.

"Previously, when Hung Vuong operated independently, it reached over 80% capacity; since KIDO took over, it has consistently operated at approximately 100% capacity, providing a stable cash flow for the group's ecosystem," Mr. Hao stated.

Regarding land development, Mr. Hao revealed that the group has prime land plots suitable for implementing very large projects (mega-projects). These projects have the potential to attract significant investment capital and generate substantial commercial value.

Several large-scale projects are in the planning stages, including the "Whale Bay" project with its whale-themed symbol – aiming to become a popular check-in destination. Additionally, there is the Central Tower project in a prime location and the KDC Residence complex.

Simultaneously, KIDO is requesting shareholders to authorize the Board of Directors to proactively seek strategic partners to develop the land within its ecosystem.

This is one of two new proposals presented at this general meeting, alongside those related to the Celano and Merino brands and the remaining 49% stake in KIDO Foods.

The General Meeting discussed many important decisions of KIDO.

In 2025, KIDO aims for net revenue of VND 13,000 billion and pre-tax profit of VND 800 billion – representing increases of 56% and 660% respectively compared to 2024 results. In the long term, the group is determined to continue expanding its essential food product line, developing a nationwide distribution chain, and boosting exports.

In addition to food, the miniBAO retail system is also being expanded with plans to open 12,000 outlets in the next five years.

KIDO also stated that M&A activities continue to play a strategic role, most notably the acquisition of 75.39% of Hung Vuong Plaza.

Source: https://nld.com.vn/ong-chu-dau-an-tuong-an-kido-tuyen-bo-lam-sieu-du-an-bat-dong-san-quy-mo-lon-196250605120254813.htm