KIDO Food IPO in AprilFood producer KIDO Group (KDC) announced on Monday that its frozen foods subsidiary, KIDO Food (KDF), would make an initial public offering next month. Around 11.2 million shares, equivalent to 20 per cent of KDF’s capital, will be offered at a price of VNĐ52,000. After the IPO, its shares would be traded on UPCoM, the company said. KDF was established in July 2013 after KIDO bought Wall’s ice-cream plant from Unilever. The company plans to expand its frozen foods business with many new products like sausage, meat balls, and shrimp ball.

Source: VietNamNet News March 28, 2017 10:30 UTC