What does Phat Dat intend to use 35% of its total assets for?

By the end of Q1/2026, Phat Dat's total assets exceeded VND 26,600 billion. Therefore, the investment, representing 35% of the company's total assets, would be equivalent to VND 9,310 billion.

Phat Dat Real Estate Development Joint Stock Company (PDR) has just announced that it is seeking shareholder approval for an investment plan with a projected value exceeding 35% of the company's total assets.

Illustrative image of Phat Dat Real Estate Development Joint Stock Company. Photo: Phuoc Nguyen

This suggests that Phat Dat is making new plans for a "blockbuster" deal that will soon be announced to the market.

By the end of Q1/2026, Phat Dat's total assets exceeded VND 26,600 billion. Therefore, an investment representing 35% of the company's total assets would be equivalent to at least VND 9,000 billion and could potentially reach tens of thousands of billions of VND.

This is a rare investment by a private company in the context of the current volatile real estate market.

Although details have not been officially announced, recent market movements have led observers to believe that Phat Dat is targeting Lotte Properties HCMC's Thu Thiem Eco Smart City project.

Previously, the market was abuzz with news that Phat Dat was among the companies participating in the selection process for a strategic investor to acquire approximately 35% of the capital in this project.

Previously, Phat Dat Real Estate Development Joint Stock Company announced a public offering of additional shares to existing shareholders to increase its charter capital.

Accordingly, the maximum number of additional shares offered is 199.5 million shares, equivalent to VND 1,995 billion. The offering price is VND 10,000 per share.

It is worth noting that the majority of this total amount will be used for a project in Da Nang . Specifically, Phat Dat will contribute VND 629 billion to Da Nang Centre Point Company (Da Nang Centre Point Real Estate Investment Company Limited) to implement the Han River waterfront project.

In addition, Phat Dat will use 921 billion VND to purchase shares in Da Nang Centre Point Company. The remaining 300 billion VND will be used to purchase shares in AKYN Investment, Trading and Service Joint Stock Company - the investor of the 239 CMT8 project in Ho Chi Minh City.

Source: https://phunuvietnam.vn/phat-dat-muon-dung-35-tong-tai-san-vao-muc-dich-gi-238260521152718379.htm