Registration to sell 88 million shares to raise 2 trillion, Chairman of Phat Dat says ‘sacrifice short-term personal benefits’

On August 29, 2025, Mr. Nguyen Van Dat, Chairman of Phat Dat Real Estate Development Joint Stock Company (HOSE: PDR), registered to sell 88 million PDR shares from September 5 to October 3, 2025. Before the transaction, he held over 359 million shares and after the sale, he will have approximately 271 million shares. PDR shares are currently priced at 24,550 VND/share, which means he is expected to earn around 2.1 trillion VND. Mr. Dat stated that the nature of this deal is a proactive choice to convert part of his ownership into financial leverage to support larger business plans. He affirmed that he can sacrifice short-term interests for the long-term and sustainable benefits of Phat Dat and its shareholders. In late 2022, amid a debt crisis, Mr. Dat sold personal assets worth over 2 trillion VND to help Phat Dat settle debts. After this transaction, Mr. Dat remains the largest shareholder of Phat Dat with 36.45% ownership, reinforcing his commitment to the company’s sustainable development.