Leaders sell out en masse, Phat Dat shares face great pressure

(NLDO) - The General Director and 2 Deputy General Directors of Phat Dat simultaneously registered to sell nearly 1.6 PDR shares from January 9 to

After 4 consecutive sessions of price decline, PDR shares of Phat Dat Real Estate Development Corporation continued to be in red this morning, January 7, after the news that the General Director and 2 Deputy General Directors of Phat Dat simultaneously registered to sell nearly 1.6 PDR shares from January 9.

Specifically, Mr. Bui Quang Anh Vu, member of the Board of Directors and General Director of the company, has just registered to sell all 1.436 million PDR shares he owns, equivalent to 0.16% of charter capital. The transaction is expected to be carried out by order matching and/or negotiation, from January 9 to February 7. The purpose is to solve personal needs.

Mr. Bui Quang Anh Vu was born in 1975, has a Master's degree in Business Administration. He started working at Phat Dat in 2014, holding the positions of investment director, deputy general director of investment, and member of the Board of Directors. From April 2020, he was appointed to the position of general director of the company.

Mr. Vu attracted attention when he registered to buy 20 million PDR shares at the end of 2022, a period when PDR had many consecutive sessions of floor price declines and lost liquidity. After the registration period expired, Mr. Vu successfully bought 18.01 million shares, equivalent to 90% of the registered shares.

Mr. Bui Quang Anh Vu is not the only leader of Phat Dat to register to sell shares this time.

Accordingly, Deputy General Director Truong Ngoc Dung and Deputy General Director Nguyen Khac Sinh also registered to sell 62,097 shares and 61,670 PDR shares, respectively. The transaction purpose is also to solve personal needs and the time is from January 9 to February 7.

PDR stock price has continuously decreased in the past month.

On the stock market, PDR shares are having a rather gloomy trading streak when they have decreased in 13/20 recent sessions, the market price has since fallen from over 22,000 VND/share to over 19,000-20,000 VND/share.

Recently, Phat Dat has just announced the acquisition of real estate assets at 61 Cao Thang (District 3, Ho Chi Minh City) from Ms. Tran Thi Huong at a price that Mr. Nguyen Van Dat, Chairman of Phat Dat's Board of Directors, has the full authority to decide, but not exceeding 650 billion VND.

It is known that Ms. Huong has been working for Phat Dat for many years. In Phat Dat's personnel profile, Ms. Huong used to hold the position of Vice Chairwoman of the Board of Directors, and for many years "held the key to the box" as the Chief Financial Officer.

Ms. Huong also holds many positions in Phat Dat's subsidiaries, such as Vinh Hoi Investment and Development Joint Stock Company as Chairman of the Board of Directors; Chairman of the Board of Members at Phu Hung Real Estate Investment Company Limited, which cooperates with Phat Dat Company to invest in developing the Millennium Project - District 4 and The EverRich 2 project in District 7.

Source: https://nld.com.vn/lanh-dao-dong-loat-ban-ra-co-phieu-phat-dat-gap-ap-luc-lon-196250107073308368.htm