On May 20th, Phat Dat Real Estate Development Joint Stock Company (Phat Dat Real Estate) issued a decision to finalize the list of shareholders for the purpose of obtaining their opinions in writing.
According to a decision by the Board of Directors of Phat Dat Real Estate, the time for soliciting shareholder opinions is set for June 2026.
Phat Dat Real Estate is preparing to seek shareholder approval in writing to decide on an investment of up to 35% of the company's assets.
The content of the shareholder consultation aims to approve investment decisions of the Company with a value of 35% or more of the total asset value recorded in the Company's most recent financial statement.
The Board of Directors of Phat Dat Real Estate authorizes Mr. Nguyen Van Dat, Chairman of the Board of Directors, or Mr. Bui Quang Anh Vu, General Director, to have full authority to decide and carry out the necessary tasks and procedures to organize the collection of shareholder opinions in writing in accordance with the law and the Company's charter.
Some investors believe that an investment ratio of up to 35% of total assets is a very large figure, indicating that the company sees great opportunities in the targeted project; however, in an undesirable scenario, the company also faces financial risks.
Currently, Phat Dat Real Estate has not released detailed information about the investment that accounts for 35% of the company's total assets.
Information seeking shareholder opinions on Phat Dat Real Estate's major investment decision.
Based on Phat Dat Real Estate's consolidated financial report for the first quarter of 2026, the company has total assets exceeding VND 26,600 billion, of which liabilities account for over VND 14,000 billion, with the remainder being equity.
The content that Phat Dat Real Estate is seeking shareholder approval for, regarding an investment equivalent to 35% of total assets, indicates that the project aims for a scale of approximately 10,000 billion VND (considered as 35% of the company's total assets of 26,600 billion VND).
Although there is no official information yet, investors are leaking information about Phat Dat Real Estate potentially partnering with Lotte Group on the Thu Thiem Eco Smart City project. This is a large-scale project, strategically located in Ho Chi Minh City, with an investment scale of tens of trillions of VND.
Source: https://suckhoedoisong.vn/bds-phat-dat-chuan-bi-danh-lon-169260521114526573.htm
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