On April 19, KIDO Group Corporation (Stock code: KDC) said that as part of its expansion strategy, aiming to become a leading unit in the field of essential foods in Vietnam and reaching out to countries around the world , KIDO and the company that owns the Tho Phat brand, after a long period of negotiation, have officially reached a strategic agreement.
Tho Phat factory in Ho Chi Minh City
Accordingly, KIDO Group will invest to gain controlling rights in the company that owns the Tho Phat brand.
Mr. Tran Le Nguyen, Vice Chairman of the Board of Directors and General Director of KIDO Group, said: "After a period of discussion, we have come to a common commitment that KIDO will invest and buy 25% of shares from the company that owns the Tho Phat brand in phase 1. In phase 2, we will increase the investment ratio from 51% to 70%.
Through this investment and M&A activity, we plan the revenue for Tho Phat along with the bakery segment of KIDO Group, expected to reach about 2,000 billion VND, with a planned profit of 200 billion VND in 2023, this is an important contribution to the total revenue and profit planned by the Group this year."
According to Thanh Nhan - Nguoi Lao Dong
Source: https://kdc.vn/tin-tuc/tin-tuc-su-kien/kido-mua-lai-cong-ty-banh-bao-tho-phat
Comment (0)