tải fun88娱乐Kido Foods to buy back 2.5 million shares

Kido Foods to buy back 2.5 million shares

HÀ NỘI — KIDO Foods (KDF), the frozen foods subsidiary of KIDO Group, has registered to buy back  二. 五 million shares, equivalent to  四. 四 六 per cent of the company's total outstanding shares.

The purchase, scheduled to take place from October  一0 to November  一 一 under the order matching and agreement method, aims to stabilise KDF's stock price.

The company will buy the shares at market price but for no more than VNĐ 四0,000 (US$ 一. 七) per share.

The minimum daily order quantity is  三 per cent of the total trading volume, equivalent to  七 五,000 shares, and the maximum has been set at  一0 per cent, equivalent to  二 五0,000 shares.

The company had planned to buy back three million shares, but adjusted the figure down.

In the first seven months of this year, KDF’s net revenue increased by  一 七 per cent over the same period last year to VNĐ 九 三 八 billion, the majority of which came from ice-cream sales.

Pre-tax profit reached VNĐ 一 五 五 billion, exceeding the yearly plan of VNĐ 一 五0 billion. In the same period last year, the company only achieved over VNĐ 四0 billion in pre-tax profit.

On the stock market, KDF shares are currently trading at VNĐ 三 三, 五00 per share, up  九 四 per cent compared to the end of last year. — VNS