KIDO (KDC) holds a 51% stake, controlling Tho Phat dumpling brandSaturday, September 9,2023
AsemconnectVietnam - KIDO Group Joint Stock Company (stock code KDC) has just announced the Board of Directors Resolution approving the investment policy to govern the Tho Phat dumpling brand.
Specifically, Resolution No.KDC07/2023/NQ-HĐQT dated April 19, 2023 of the Board of Directors of KIDO Group Joint Stock Company approved the investment policy to control and own a maximum of 70% of the Tho Phat dumpling brand. On August 23, 2023, KIDO Group announced that it had completed the transaction in stages and now accounts for 51% of the company that owns the Tho Phat dumpling brand.
The company that owns the Tho Phat dumpling brand is Tho Phat International Joint Stock Company, established on May 23, 2023. According to registration, the main business of Tho Phat International Joint Stock Company is food wholesale. The company's charter capital at the time of its establishment was VND1 billion, including 6 founding shareholders: Mr. Vu Phuoc Tho accounted for 62% of the shares, Ms. Le Thi Ngoc Mai accounted for 31% of the shares, Mr. Nguyen Quoc Lam accounted for 1% of the shares, the remaining shareholders including Vu Tran Thanh Thao, Vu Phuoc Thang, Vu Le Hoang Truc each hold 2% of the shares.
On June 29, 2023, Tho Phat International Joint Stock Company changed its business registration, raising its charter capital to VND585 billion, equivalent to 58.5 million shares.
Tho Phat Dumplings was born in 1987, Mr. Vu Phuoc Tho is the founder of this brand, the owner of Tho Phat dumpling shop. Tho Phat Dumplings have been famous since 1995 with the brand of salted egg dumplings, and many fresh and frozen products are available in supermarkets and convenience stores.
Up to now, Tho Phat has more than 4,000 points of sale, covering most of the Traditional Channels - General Trade (GT), Modern Channels - Modern Trade (MT) and Convenience Stores - Convenience store (CVS) all over the world. Vietnam. With product lines: Dumplings, Dimsum, Hamburger, Spring rolls, Sticky rice, Dorayaki,...
Regarding the investment in Tho Phat dumplings, the financial report of the second quarter of 2023 of KIDO Group Joint Stock Company revealed that until June 30, 2023, the amount KIDO invested in Tho Joint Stock Company Phat International is VND100 billion, equivalent to 25% ownership.
By August 23, 2023, KIDO has increased its ownership rate to 51%, taking control of the Tho Phat dumpling brand.
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