News about KDC

The State Securities Commission (UBCKNN) fined 3 individuals a total of VND 4.5 billion for manipulating shares of Kido (KDC). From 2/5/2024 to 6/1/2025, they used 61 securities accounts to repeatedly buy and sell KDC shares to create artificial supply and demand; each was fined VND 1.5 billion, and no illegal gains could be determined. In addition, the 3 are barred from trading securities for 2 years from 2/11/2026 and from holding positions at securities firms, fund management companies and related organizations for the same period. Another 17 individuals who lent their accounts for the scheme had trading suspended for 9 months and were barred from trading for 2 years; their illegal gains have not been determined.

The State Securities Commission (UBCKNN) fined Thang Phu Minh, Lam Thuy Hang and Duong Thai Phuong Thao VND 1.5 billion each, totaling VND 4.5 billion, for using 61 securities accounts to repeatedly buy and sell KDC shares from 02/05/2024 to 06/01/2025 to create artificial supply and demand. The inspection found no illegal gains from these violations. The three are also barred from securities trading for 2 years from 02/11/2026 and from holding positions at securities firms, fund managers and related institutions in the same period. On the same day, 17 people who lent their accounts were suspended from trading for 9 months and face the same 2-year trading ban: 8 people lent 8 accounts to Minh, and 9 people lent 48 accounts to Hang.

On October 28, the State Securities Commission of Vietnam (UBCKNN) fined three individuals a total of 4.5 billion VND for manipulating shares of Kido Group (HOSE: KDC) through 61 accounts between May 2, 2024 and January 6, 2025. Thang Phu Minh, Lam Thuy Hang and Duong Thai Phuong Thao were each fined 1.5 billion VND and banned from securities trading for 2 years from November 2, 2026, along with a ban on holding posts at related firms. 17 individuals who lent their accounts were suspended from trading for 9 months and face the same 2-year trading ban. The regulator said there is no basis yet to determine the illegal gains of those 17 individuals. During the period, KDC fell as much as 15% from above 62,000 VND to 53,000 VND, then rose nearly 19% to 58,000 VND in mid-December 2024.