Confectionary giant Kinh Do Corporation (KDC), listed on the HCM
City Exchange, wants to acquire 65 per cent stake in Tuong An Vegetable
Oil (TAC) from the latter''s existing shareholders.
Kinh Do Corporation (KDC) on Monday announced that it will co-operate
with two other companies to develop its new business segment of
producing and trading cooking oil.
Confectionery Kinh Do Corporation (KDC) still wants to buy back another
55.5 million shares to complete its plan of re-acquiring almost 77
million shares in the company.
Shareholders of confectionery giant Kinh Do Corporation have approved
the sale of 80 per cent stake in its snack business to US-based
Mondelez, maker of Oreo biscuits, for US$370 million.
Confectionery producer Kinh Do Corporation has reported a net profit of
VND93 billion (US$4.4 million) in the first half, 22 per cent
year-on-year growth.
The leading domestic confectionery producer, Kinh Do Corporation (KDC),
on June 30 said it would expand production in new categories of
noodles, coffee and edible oil in an aim to enlarge its market share.
The domestic giant confectionery producer, Kinh Do Corporation (KDC),
reports that its pre-tax profits increased 5.5 per cent in the first
quarter of the year.
Kinh Do Corporation (KDC), the giant Vietnamese confectionery producer,
had a growth rate of 40 per cent in after-tax profits last year, despite
a challenging economic climate.