Kido fined VND 65 million over share buyback orders

Kido Group JSC (Kido) disclosed that Vietnam’s State Securities Commission fined it VND 65 million because the size of its share buyback orders did not comply with regulations. On May 25, 2026, the company registered a plan to repurchase 14,490,316 KDC shares between June 3 and 30.

On June 17 and 22, Kido placed orders to buy 429,000 and 430,000 shares, respectively. Each order was for less than 3% of the total transaction volume registered with Vietnam’s State Securities Commission. According to results previously released by the company, it repurchased about 13.46 million shares between June 3 and 30 at an average price of VND 50,288 per share, for an estimated total of nearly VND 677 billion. The buyback was funded from the company’s share premium as of December 31, 2025.

Kido file photo.（VietVance）

After the buyback, Kido held about 13.46 million treasury shares, while the number of voting shares fell to about 276.3 million. Its charter capital remained at VND 2.898 trillion. The company said the buyback was intended to reduce charter capital and/or protect the interests of existing shareholders.

In its operations, Kido recorded net revenue of more than VND 2.57 trillion in the third quarter of 2026, up about 6% year on year. After-tax profit was VND 217 billion, a slight increase from a year earlier. The company said the rise in financial income during the quarter came mainly from proceeds related to the disposal of investments in associates and joint ventures. On September 18, Kido transferred more than 10.9 million Kido Food shares to Nutifood and retained a 14.7% stake in the company after the transaction. In the first nine months of 2026, Kido recorded net revenue of VND 6.916 trillion, up 5% year on year, and after-tax profit of VND 317 billion, up nearly 151%.

Source: VietVance