Mr. Nguyen Tan Danh, Vice Chairman of the Board of Management (BOD) of Phat Dat Real Estate Development JSC (HoSE: PDR) and son of Mr. Nguyen Van Dat, the company’s Chairman, has recently registered to sell all of his 3.4 million PDR shares to address personal financial needs.
The transaction is expected to take place between June 12 and July 11, 2025, through order matching or agreement. With the closing price of PDR shares on June 6 at VND 17,800 per share, Mr. Danh could reap approximately VND 60 billion after completing the transaction.
Previously, PDR shares started 2025 at over VND 20,000 per share but dropped significantly to around VND 16,000 in mid-May. Recently, the shares have witnessed a notable recovery, reaching a short-term peak of VND 18,450 per share in the first week of June.
After hitting a year-to-date low, PDR shares are staging a strong recovery in recent trading sessions. (Source: Cafef)
If the share sale is successful, the ownership ratio of Mr. Nguyen Van Dat’s family in Phat Dat will decrease from 48.27% to 47.88%. Mr. Nguyen Van Dat remains the largest shareholder, directly holding over 333 million PDR shares, equivalent to 38.15% of the charter capital. Additionally, Phat Dat Holdings Co., Ltd., chaired by Mr. Dat, currently owns an additional 9.05% of the company’s capital.
Mr. Danh’s personal divestment comes as Phat Dat prepares for its Annual General Meeting (AGM) on June 27 in Ho Chi Minh City. At the meeting, the company plans to present to shareholders its proposal to issue over 72.5 million shares as a dividend for 2024, with an 8% dividend ratio. This year, Phat Dat aims to increase the dividend ratio to 17%, including 5% in cash and 12% in shares.
In terms of business plans, the company targets VND 3,300 billion in revenue for 2025, mainly from financial income and the transfer of capital contributions in member companies. It expects to achieve a pre-tax profit of VND 910 billion and a post-tax profit of VND 728 billion, the highest levels since 2022.
Phat Dat’s management believes that 2025 presents a favorable opportunity with the real estate market gradually recovering and positive legal adjustments. This will enable the company to restart its temporarily suspended projects. Currently, Phat Dat is finalizing preparations to launch a new project in Thuan An (Binh Duong) and continue sales efforts for its project in Quy Nhon (Binh Dinh).
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