Phat Dat Real Estate Development Joint Stock Company (Phat Dat - PDR) has just announced that Mr. Nguyen Tan Danh - Vice Chairman of Phat Dat Board of Directors has registered to divest all of the nearly 3.4 million PDR shares he is holding for personal reasons.
Phat Dat project was revoked by Ho Chi Minh City People's Committee.
Accordingly, the implementation period is from June 12 to July 11. According to the current market price of more than 17,800 VND/share, Mr. Danh can earn more than 60 billion VND if he sells all the above shares.
Mr. Danh is the son of Mr. Nguyen Van Dat, Chairman of Phat Dat Board of Directors. Mr. Danh was elected to the position of Member of PDR Board of Directors from 2022 to present. In addition, he is currently Chairman of Filmore Real Estate Development Joint Stock Company and Member of the Board of Directors of AKYN Hotel Investment and Management Joint Stock Company.
In addition to Mr. Danh, a few months ago, Mr. Bui Quang Anh Vu - Member of the Board of Directors and General Director of PDR also sold all 1.4 million shares he was holding, equivalent to 0.16%, to solve financial needs.
Another member of PDR's Board of Directors, Mr. Le Quang Phuc, also divested 240,000 shares in March, reducing his ownership ratio from 0.11% to 0.08%.
Mr. Danh's move to sell comes as the 2025 annual shareholders' meeting is about to take place on June 27. At this meeting, PDR's Board of Directors is expected to present the 2025 business plan with a target of VND3,200 billion in total revenue and VND907 billion in pre-tax profit.
PDR's ambitious goal is set in the context that PDT believes that macroeconomic policies open up golden opportunities. Prospects and potentials from information about the merger of Binh Duong and Ba Ria - Vung Tau provinces into Ho Chi Minh City, because the company owns a large land fund and many projects in the merged areas.
Source: https://nld.com.vn/con-trai-chu-tich-phat-dat-muon-ban-sach-co-phieu-pdr-196250609180206124.htm
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