PDR shares of Phat Dat Real Estate Development JSC surged to 26,250 VND/share, the highest since May 2024, with a trading volume of nearly 56 million shares. The company’s market capitalization now exceeds 25.7 trillion VND. This spike was triggered by Chairman Nguyen Van Dat’s announcement to sell 88 million shares via agreement, aiming to raise 2 trillion VND to support business plans. Dat emphasizes that this reduction is not disinvestment but a strategic preparation to bolster Phat Dat. He expressed a commitment to develop the company with new projects in HCMC and surrounding areas, while also enhancing the Phat Dat brand. The company is also pursuing debt recovery from the La Pura project and preparing for sales with Quy Nhon Iconic.
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