Phat Dat Real Estate Development Joint Stock Company (Phat Dat – PDR) has announced that Mr. Nguyen Tan Danh, Vice Chairman of Phat Dat’s Board of Directors, has registered to sell his entire holding of nearly 3.4 million PDR shares to address personal needs.
Phat Dat project revoked by Ho Chi Minh City People’s Committee.
The transaction is expected to take place between June 12 and July 11. At the current market price of over VND 17,800 per share, Mr. Danh could reap more than VND 60 billion by selling all his shares.
Mr. Danh is the son of Mr. Nguyen Van Dat, Chairman of Phat Dat’s Board of Directors. Mr. Danh has been a member of PDR’s Board of Directors since 2022 and is also the Chairman of Filmore Real Estate Development Joint Stock Company and a member of the Board of Directors of AKYN Hotel Investment and Management Joint Stock Company.
In recent months, another member of PDR’s Board of Directors, Mr. Bui Quang Anh Vu, also sold his entire holding of 1.4 million shares, equivalent to 0.16%, to address financial needs. Meanwhile, Mr. Le Quang Phuc, another member of the Board, reduced his stake by selling 240,000 shares in March, decreasing his ownership from 0.11% to 0.08%.
Mr. Danh’s decision to sell his shares comes ahead of the upcoming 2025 Annual General Meeting of Shareholders, scheduled for June 27. At the meeting, the PDR Board of Directors will present the 2025 business plan, targeting VND 3,200 billion in total revenue and VND 907 billion in pre-tax profit.
PDR’s ambitious goals are set against a backdrop of optimism regarding macroeconomic policies and the potential benefits arising from the proposed merger of Binh Duong and Ba Ria-Vung Tau provinces into Ho Chi Minh City, given the company’s significant land bank and projects in the affected areas.
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