Many company leaders had their shares sold off

cổ phiếu - Ảnh 1. — Mr. Nguyen Van Dat - Chairman of PDR - Photo: PDR

Specifically, LPBank Securities Joint Stock Company (LPBS) recently announced the sale of mortgaged shares of insiders of Phat Dat Real Estate Development Joint Stock Company (PDR).

Accordingly, LPBS plans to sell off more than 2.22 million PDR shares owned by Mr. Nguyen Van Dat - Chairman of the Board of Directors of Phat Dat Real Estate.

The time to sell off the above-mentioned shares according to the announcement starts from April 10.

However, LPBS notes that the number of securities expected to be sold for liquidation is an estimate at the time of information disclosure. The actual number of securities sold may be less or more due to changes in market prices that change the value of collateral.

In addition, LPBS said that the mortgage sale may not be carried out according to the above decision, without public notice when the market price of the collateral changes or the account owner adds collateral in sufficient proportion according to the regulations on lending for margin trading.

On the stock market today (April 10), PDR shares followed the general trend with a ceiling increase (+6.98%).

In the last 4 sessions, PDR recorded 1 decrease session and 3 floor sessions, the market price dropped to over 15,000 VND, before bouncing to 16,100 VND today.

Overall, PDR has lost nearly 18% of its market value in the past week and nearly 44% in the past year. The decline in the price of this real estate stock has caused headaches for shareholders. For example, the chairman of PDR has received a notice of mortgage liquidation.

Regarding this enterprise, another notable point comes from the difference in data between the audited financial statements for 2024 and the self-prepared ones.

Accordingly, PDR's after-tax profit decreased from VND 522 billion in the self-made report to VND 155 billion, a decrease of 70%.

According to the explanation from Phat Dat Real Estate representative, the company has adjusted down the recorded revenue from Bac Ha Thanh project from 1,837 billion VND to 639 billion VND, equivalent to a decrease of 65.23%.

Not only PDR leaders, the situation of selling off shares is happening in a number of other businesses.

For example, MBS also announced the sale of collateral securities of Mr. Nguyen Hung Cuong - Chairman of the Board of Directors of Construction Development Investment Joint Stock Corporation - DIG Corp (DIG).

The number of mortgaged shares sold is up to more than 1.21 million DIG shares, starting from April 8 until the payment obligation is completed or the required margin ratio is met according to MBS regulations.

Ms. Nguyen Thi Ha Thanh, Mr. Cuong's mother, and Mr. Cuong's sister, Ms. Nguyen Thi Thanh Huyen, were also notified of having shares to be sold off this time. Of which, Ms. Thanh's total shares were 409,600 shares, and Ms. Huyen's shares were 837,400 shares.

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BINH KHANH

Source: https://tuoitre.vn/lanh-dao-nhieu-cong-ty-bi-ban-giai-chap-co-phieu-20250410160434127.htm