KIDO to sell 14.8% of frozen food subsidiaryThe KIDO Group Corporation (KDC) has announced that it will sell 14.8 per cent of its subsidiary KIDO Frozen Food (KDF), or 8.288 million shares, to strategic partners and employees. KDC announced it would sell sale 35 per cent of the frozen food subsidiary earlier this year. The frozen food business brought it substantial profits last year. KDF now owns a frozen food distribution network with over 70,000 points of sale throughout the country. Frozen food contributed nearly 30 per cent to total net revenue and packaged food the remaining 70 per cent.

Source: VietNamNet News August 10, 2017 07:30 UTC