Regarding the registration of leaders of Phat Dat Real Estate Development Joint Stock Company (Phat Dat Corporation; HoSE: PDR) to sell a large amount of shares, this company has just spoken out.

A representative of Phat Dat Corporation said that the leaders registered to sell ESOP shares (shares issued to employees) that they had bought 3 years ago to serve their personal needs at the end of the year. The company has disclosed information in accordance with regulations.

ESOP share sales are normal activities of individuals, not related to or affecting the duties, responsibilities, and positions in the personnel structure of the company's employees. These are key leaders who have been with the company for many years and are currently developing the projects that the company is implementing with the company.

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Thuan An 1 & 2 high-rise complex housing project in Binh Duong by Phat Dat Corporation. Photo: PDR

Regarding the business plan, a representative of Phat Dat Corporation said that in the next 3 years, the company expects to achieve revenue of 50,000 billion VND from 6 projects. These are Quy Nhon Iconic (Bac Ha Thanh Urban Area) in Binh Dinh; Thuan An 1 & 2 high-rise residential complex in Binh Duong; Q1 Tower in Quy Nhon; Nhu Nguyet commercial and service complex in Da Nang; Poulo Condor resort complex; Serenity Phuoc Hai resort complex in Ba Ria - Vung Tau.

As VietNamNet reported, on January 3, 3/6 members of Phat Dat Corporation's Board of Directors registered to sell a large amount of shares between January 9 and February 7.

Specifically, Mr. Bui Quang Anh Vu - Member of the Board of Directors and General Director of Phat Dat Corporation registered to sell all 1.4 million PDR shares he owns. If the transaction is successful, Mr. Anh Vu will earn 14.3 billion VND.

The two Deputy General Directors of Phat Dat Corporation, Mr. Truong Ngoc Dung and Mr. Nguyen Khac Sinh, also registered to sell 62,097 and 61,670 PDR shares, respectively. If all registered shares are sold, Mr. Dung and Mr. Sinh will earn 621 million VND and 616 million VND, respectively.

Regarding the reason for registering to sell shares, all three leaders of Phat Dat Corporation said it was to "solve personal financial needs".

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