Hybrid View
-
22-12-2018 09:13 PM #1
Gold Member- Ngày tham gia
- Dec 2011
- Bài viết
- 1,682
- Được cám ơn 23 lần trong 23 bài gởi
KIDO eliminates foreign ownership cap
Food producer KIDO Group has raised its foreign ownership cap from 49 per cent to 100 per cent, according to a proposal approved by the State Securities Commission on Wednesday. The information was revealed in a document sent to the Ho Chi Minh Stock Exchange and the Viet Nam Securities Depository (VSD) on Thursday.
The removal of foreign ownership cap was passed at the company’s annual shareholders’ meeting this year. At the meeting, CEO Tran Le Nguyen said many partners were interested in KDC shares and the group wanted to open more room for foreign investors and investment funds.
KIDO recently acquired 51 per cent of cooking oil producer Golden Hope Nha Be (GHNB), a joint venture company between Vocarimex and Sime Darby with a chartered capital of VND69 billion (US$2,954 million). Vocarimex is a member company of KIDO Group that holds a 49 per cent stake in GHNB. This means that following the GHNB acquisition, KIDO now owns 100 per cent of shares in GHNB.
In the first nine months of the year, KIDO reported net sales of VND5.7 trillion, up 12.6 per cent year on year. It made after-tax profit of VND87.6 billion, an 83.2 per cent decrease.
Thông tin của chủ đề
Users Browsing this Thread
Có 1 thành viên đang xem chủ đề này. (0 thành viên và 1 khách vãng lai)
Similar Threads
-
Sabeco uncorks cap on foreign ownership
By ducvt in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 14-11-2018, 10:59 AM -
Yeah1 foreign ownership cap goes
By ducvt in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 06-09-2018, 09:06 AM -
Tien Phong Plastic plans to lift foreign ownership cap
By ducvt in forum STOCKs TRADING IN HNXTrả lời: 0Bài viết cuối: 20-10-2017, 08:25 AM -
Petrolimex’s foreign ownership cap at 20%
By ducvt in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 20-04-2017, 09:56 AM -
HSC seeks to scrap cap on foreign ownership
By ducvt in forum STOCKs LISTED IN HoSETrả lời: 0Bài viết cuối: 07-04-2017, 03:53 PM
Bookmarks