On August 29, Phat Dat Real Estate Development Corporation (PDR) announced that its Chairman, Nguyen Van Dat, registered to sell 88 million PDR shares from September 5 to October 3. If completed, his ownership will drop from 36.72% to 27.7%. This news immediately caused concern among shareholders due to the large volume involved, estimated at over 2 trillion VND. Earlier, Dat’s son and the CEO also sold shares, raising further investor apprehension. Dat explained this sale as a choice for long-term benefits despite potential short-term impacts. Currently, PDR shares are priced at 24,550 VND each, having seen substantial growth throughout the year.
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