KIDO Group to manage Hung Vuong Plaza

HCMC – KIDO Group, whose stock KDC is traded on the Hochiminh Stock Exchange, will manage Hung Vuong Plaza in District 5 as it raised its stake in Hung Vuong JSC to 76.5% from 44%.

Parkson Vietnam in late April filed for bankruptcy to the HCMC People’s Court after years of losses in the Vietnamese market. As a result, the company had to return the premises of its shopping mall called Parkson Hung Vuong Plaza to Hung Vuong JSC.

Parkson Hung Vuong Plaza managed by Parkson Vietnam started operation in 2007 and was one of the company’s largest malls then.

Tran Le Nguyen, CEO of KIDO Group, said the firm would breathe new life into the Hung Vuong Plaza building.

KDC closed the trading session today, May 15, inching up 0.31% from last Friday, at VND64,900 per share, and reported a matching volume of 865,800 shares.

With 196 advancers and 197 decliners, the VN-Index of the Hochiminh Stock Exchange dropped 1.19 points, or 0.11% against the previous session to 1,065.71 points.

Trade on the southern bourse rose nearly 15% in volume and 13.7% in value versus the previous session to 834.5 million shares and VND13.6 trillion. Block deals contributed more than VND1 trillion to the overall value with over 50.8 million shares changing hands.

In the VN30 basket, real estate stock VIC stole the limelight, expanding 5.2% to VND54,400 per share with a matching volume of 4.5 million shares, thus helping keep the benchmark index from a steep decline.

As many as 15 stocks in the VN30 basket turned losers but none of them lost over 1.1%, while the VN30-Index gained 4.46 points from the session earlier to 1,070.90 points.

HQC took the lead by liquidity on the southern bourse with 31.4 million shares traded but finished the day down 5.1% over the previous session to VND4,620 per share.

On the northern bourse, the HNX-Index dropped 0.77 points, or 0.33% from last Friday to 214.33 points, with 113 stocks rising and 87 others dipping.

The northern market saw nearly 114.8 million shares valued at over VND1.5 trillion traded.

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