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KIDO (KDC) increased its ownership of Tho Phat to 68% after only 3 months 

 Monday, October 23,2023

AsemconnectVietnam - KIDO Group (KDC) officially increased its ownership ratio at Tho Phat International Joint Stock Company (Tho Phat International) from 25% to 68% after just over 3 months.

Thereby, KIDO aims to develop 1,000 Dealers, 1,200 Mini Bao Stores, 100,000 retail points and 100% MT stores nationwide, making Tho Phat the "National Kitchen", meeting many needs of consumers and exported to at least 30 countries around the world.
Previously, in June 2023, KIDO invested in Tho Phat International Joint Stock Company with a 25% ownership rate and by August 23 increased its ownership rate to 51%, taking control of the brand of Tho Phat dumplings.
KIDO currently has 450,000 points of sale in the essential food industry, 120,000 points of sale in the refrigerated goods industry, with infrastructure, modern manufacturing plants, extensive logistics systems..., and can integrate advantages into Tho Developing to help businesses develop quickly and outstandingly in the coming time.
At the meeting and sharing of Tho Phat's development strategy taking place this morning (October 10), KIDO Group set a strategic direction for Tho Phat in the next 5 years, focusing on repositioning and building Build Tho Phat brand and brands.
At the same time, research and implement a strategy to diversify product lines and product segments to meet the diverse needs of consumers from full meals, to enjoy meals, to snacks, to eat with products, from urban to rural areas; consolidate and improve the factory's production capacity, paying special attention to food hygiene and safety and export standards; Building an advanced, effective operating system, applying technology, digital transformation...
Tho Phat was established in 1987, operating in the field of food processing with many diverse product lines, with more than 6,000 points of sale on GT, MT & CVS channels in Vietnam with the following product lines: Cakes bao (Sweet dumplings, salty dumplings, vegetarian dumplings, unfilled dumplings, shaped dumplings...); Banh gio – Xoi; Baked Cake - Fried Cake (Dorayaki Cake); Dimsum (Dumplings, Wontons, Xiu Mai)…
Possessing an area of more than 22,000 m2, Tho Phat factory in Ho Chi Minh City is equipped with modern technology, reaching a capacity of 10,000 tons of products supplied to the market each year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
 

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