Unexpected revelation about the owner behind Cafe Katinat

Katinat Cafe announced that it has donated 1 billion VND to the Vietnam Fatherland Front after its controversial charity work. Illustration photo: Katinat

Katinat Cafe accounts for 1.35% of the chain coffee market share.

Katinat Cafe chain has just caused a stir in public opinion when it announced that it will donate 1,000 VND from each cup of water sold at the system from September 12 to 30 to help people in the North overcome the consequences of natural disasters.

As soon as this information was announced, Katinat became the center of debate in the online community. Katinat later apologized for the controversial way of communicating.

At the same time, Katinat announced that it has contributed 1 billion VND directly to the Central Committee of the Vietnam Fatherland Front. This amount is expected to be taken from 1 million cups of water that are expected to be served in 19 days throughout the system (from September 12 to September 30).

In the food and beverage market in Vietnam, Katinat is a coffee chain that is attracting attention thanks to its continuous opening of stores in prime locations in Ho Chi Minh City and Hanoi. In Hanoi alone, in April 2023, Katinat Saigon Kafe officially opened its first store, then increased to 10 stores in September 2024.

Katinat beverage chain has a total of 73 stores in many provinces and cities across the country. According to Vietdata, Katinat currently accounts for 1.35% of the country's chain coffee market share, with revenue in 2023 reaching nearly 470 billion VND.

Cafe Katinat is owned by Cafe Katinat Joint Stock Company (Cafe Katinat SJC), established on November 27, 2020, headquartered at Dong Khoi Street, Ben Nghe Ward, District 1, Ho Chi Minh City. The main business line is beverage service. Mr. Dinh Viet Ha (1978) is the legal representative, Chairman of the Board of Directors, and General Director of the company.

At the time of its establishment, Cafe Katinat had a charter capital of 38 billion VND, founded by 3 shareholders, including: Ms. Truong Nguyen Thien Kim contributed 32 billion VND and owned 84.21% of the capital. Mr. Dinh Viet Ha and Ms. Le Ngoc Khanh each contributed 3 billion VND and held the remaining 15.79%. To date, the charter capital and shareholder structure of the enterprise have not changed.

The owner owns assets worth thousands of billions of dong.

Ms. Truong Nguyen Thien Kim (1976), a major shareholder holding more than 84% of Katinat Cafe's capital, has held many important positions at large enterprises such as Head of the Board of Supervisors of Phu Nhuan Jewelry Joint Stock Company (PNJ) since 2007, senior management positions at Dong A Bank Securities Company, Saigon - Cho Lon Investment and Real Estate Joint Stock Company, Printing Joint Stock Company No. 2, Gia Dinh Water Supply Joint Stock Company...

As of the end of June 2024, Ms. Truong Nguyen Thien Kim is an independent member of the Board of Directors of Ben Thanh Trading and Service JSC (code: BTT), member of the Board of Supervisors of Mien Tay Bus Station JSC (code: WCS); member of the Board of Directors of International Dairy Products JSC (stock code: IDP).

At these enterprises, as of June 30, 2024, Ms. Truong Nguyen Thien Kim does not own any shares.

In the F&B sector, Ms. Kim is also the Chairwoman of Phe La JSC - owner of the Phe La tea chain, and the Chairwoman and General Director of D1 Concepts JSC. D1 Concepts also owns many other F&B chains such as San Fu Lou restaurant, Di Mai restaurant, Sorae Japanese restaurant, and Cafeda coffee chain.

Notably, Ms. Kim is a shareholder holding a large volume of shares at Vietcap Securities (Code: VCI) when owning 5.17% of this securities company's shares, equivalent to nearly VND 992 billion according to VCI's market price at 1:55 p.m. on September 13.

At the end of August, Ms. Truong Nguyen Thien Kim registered to sell 13 million VCI shares for personal use. The transaction is expected to take place from September 4 to October 3 via order matching on the stock exchange or negotiation. If the transaction is successful, Ms. Kim will reduce her ownership ratio at VCI from 5.17% to 2.18%.

Source: https://laodong.vn/kinh-doanh/he-lo-bat-ngo-ve-ba-chu-dung-sau-cafe-katinat-1393736.ldo