KDC Visit Note, 3rd Sep 2020

KIDOCORPORATION JSC (KDCVN)Restructuring  for  better  efficiencyKDC  is planning  to  merge  all  subsidiaries  within the  group  in  order  to  save  costsfrom  financial  leverage  and  administrative  burdens. Starting with KDF, KDC will issue 23mn shares to swap 1:1.3 with KDF and distribute special 30% cash dividend in 4Q20.The group also plans to consolidate with TAC and VOChowever as the SCIC still owns 36.3% stake in VOC, the consolidation will depend on SCIC’s divestment plan.

 

 

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