The General Director and two Deputy General Directors of Phat Dat Real Estate Development Joint Stock Company have just submitted a report on registration of selling shares to the management agency.
Mr. Bui Quang Anh Vu - General Director of Phat Dat - Photo: PDR
Mr. Bui Quang Anh Vu - member of the board of directors and general director of Phat Dat Real Estate Development Joint Stock Company (PDR) - has just registered to sell more than 1.43 million shares to solve personal financial needs.
Expected transaction time is from January 9 to February 7, 2025, with order matching or negotiation method.
Notably, if the transaction is successful, Mr. Vu will reduce his PDR stock ownership ratio to 0%.
According to the financial report for the third quarter of 2024, General Director Bui Quang Anh Vu received an income of more than 1.4 billion VND in the first 9 months of the year, equivalent to the same period in 2023.
Mr. Vu is also the person with the highest income in the leadership team of PDR, higher than Mr. Nguyen Van Dat - Chairman of the Board of Directors .
In addition to the general director, two other deputy general directors also registered to sell PDR shares, thereby reducing their ownership ratio at this real estate company.
Of which, Mr. Truong Ngoc Dung registered to sell 62,097 shares, also from January 9 to February 7. If the transaction is successful, the deputy general director of PDR will reduce from 162,097 shares to 100,000 shares - equivalent to 0.011% of the company's charter capital.
During the same period, Mr. Nguyen Khac Sinh - another deputy general director of PDR - also registered to sell 61,670 shares. Thereby reducing the ownership ratio to 0.11%, or 100,000 shares.
Regarding the business situation, Phat Dat's net revenue from sales and service provision in the third quarter of 2024 still recorded modest results, reaching only 2.6 billion VND. Phat Dat's business results this quarter are still "burdened" by financial revenue.
Financial revenue continued to increase strongly thanks to Phat Dat's continued transfer of shares in associated companies, similar to the business results of the previous quarter.
According to the explanatory report, Phat Dat's leaders said that the general economic situation is still difficult, including the real estate industry, so the investment and development of this enterprise has not been favorable in the third quarter, leading to a decrease in profits in the quarter.
However, thanks to the asset sale strategy, business results are still modest, but this real estate company also closed the third quarter of 2024 with after-tax profit of more than 51 billion VND.
In the first 9 months of 2024, Phat Dat recorded net revenue of 173 billion VND and after-tax profit of nearly 154 billion VND, both of which plummeted compared to the same period.
Source: https://tuoitre.vn/cac-sep-phat-dat-dua-ban-ra-co-phieu-20250106210342914.htm
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