Selling 88 million shares when the price increased sharply, PDR chairman said 'sacrificing interests'

The decision to transfer 88 million PDR shares by Mr. Nguyen Van Dat - Chairman of the Board of Directors of Phat Dat Real Estate Development Joint Stock Company - is attracting attention in the market.

Mr. Nguyen Van Dat - Photo: PDR

Specifically, Mr. Nguyen Van Dat - Chairman of the Board of Directors of Phat Dat Real Estate Development Joint Stock Company - has just registered to sell 88 million PDR shares in the context of the market price being at its highest level in a year.

At the end of the session on August 29, PDR stock price was at 24,550 VND, having increased by more than 50% in the past quarter.

In parallel with price movements, PDR stock liquidity has also exploded since the beginning of July 2025, reaching the highest level since the beginning of 2023.

According to the registration, the transaction will be carried out by negotiation from September 5 to October 3, with the announced purpose of solving personal financial needs.

If the transaction is completed, Mr. Dat's ownership stake in PDR will decrease from 36.72% to 27.7%, equivalent to nearly 272 million shares. In return, Mr. Dat could earn nearly 2,200 billion VND after reducing his shareholding.

On the company's website, Mr. Dat affirmed: "Personally, I can sacrifice short-term benefits, but in return, Phat Dat and shareholders will have longer-term, more sustainable benefits."

Previously, at the end of 2022, in the context of the bond debt crisis covering the entire market, Mr. Dat also sold personal assets worth more than 2,000 billion VND to help Phat Dat pay off its debt, ensuring its commitment to bondholders.

This time, with more than 2,200 billion VND expected to be collected, Mr. Dat contributed to preparing the "launch pad" for Phat Dat's breakthrough plan right when the market was changing positively.

In addition to a series of ongoing projects, Phat Dat has just decided to promote a new direction towards the central areas of large cities through negotiations to acquire a number of large-scale projects in the core urban areas of Ho Chi Minh City, Binh Duong, Ba Ria - Vung Tau and Hanoi.

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BINH KHANH

Source: https://tuoitre.vn/ban-88-trieu-co-phieu-luc-gia-tang-manh-chu-cich-pdr-noi-hy-sinh-loi-ich-20250829211834858.htm