Since the Chairman of Phat Dat registered to sell 88 million shares, sacrificing short-term personal benefits for long-term benefits for shareholders, PDR has dropped nearly 23%

At the trading session on December 15, PDR shares of Phat Dat Real Estate Development JSC decreased by 3.55%, reaching 19,000 VND/share. After Chairman Nguyen Van Dat registered to sell 88 million shares in August, PDR has dropped nearly 23%. Dat earned over 2.1 trillion VND from the deal, reducing his ownership from 36.7% to 27.7%. He emphasized that this decision aims to restructure finances to support larger company plans, although the stock drop has led to a decrease of 5.4 trillion VND in market capitalization. In business results, in the first 9 months, Phat Dat recorded revenue of 964.4 billion VND, and after-tax profit of 201.3 billion VND, increasing by 450% and 31% compared to the same period in 2024. The 5-year revenue plan is 44.848 trillion VND, based on 6 key projects, but currently only 2 projects generate actual revenue. The Chairman previously sold personal assets worth 2 trillion VND to ensure the company’s finances during the crisis in 2022.