Phat Dat plans to withdraw 99% of capital from the company owning a “golden” land lot with three frontages in Da Nang, priced at no less than 1.1 trillion VND

Phat Dat Real Estate Development Joint Stock Company (PDR) has just approved the transfer of its entire 99% capital at Bac Cuong Investment Joint Stock Company, with an expected price of over 1.1 trillion VND. Bac Cuong owns a 2,700 m² land lot in Da Nang, valued highly due to three frontages. PDR has invested 640 billion VND in this project and is preparing for the next steps in planning and construction. Previously, PDR also approved the transfer of 79% of the capital at Thuận An Investment Real Estate Company Limited to expand high-rise urban development in Binh Duong for the 2026-2030 period. The Thuận An 1 project covers an area of 18,147 m², expected to provide nearly 2,700 apartments and shophouses.