Recently, some senior leaders at Phat Dat Real Estate Development Corporation (Phat Dat Corporation; HoSE: PDR) have just notified the management agency about registering to sell shares.

Accordingly, 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. The trading period is from January 9 to February 7.

If the transaction is successful, Mr. Anh Vu is expected to earn 14.3 billion VND. The reason the General Director of Phat Dat Corporation sold all PDR shares is to "solve personal financial needs".

Bui Quang Anh Vu.jpg
Mr. Bui Quang Anh Vu has just registered to sell all PDR shares he owns. Photo: Phat Dat Corporation

Along with Mr. Anh Vu, two Deputy General Directors of Phat Dat Corporation, Mr. Truong Ngoc Dung and Mr. Nguyen Khac Sinh, also registered to sell PDR shares at the same time to solve personal financial needs.

Specifically, Mr. Dung registered to sell 62,097 PDR shares by order matching or negotiation. If the transaction is successful, Mr. Dung will earn nearly 621 million VND and still own 100,000 PDR shares.

Meanwhile, Mr. Sinh currently owns 161,670 PDR shares and registered to sell 61,670 shares. If he sells all the registered shares, Mr. Sinh expects to earn 616.7 million VND.

According to the consolidated financial report for the third quarter of 2024, Phat Dat Corporation's net profit from business activities reached VND55.3 billion. After tax, this enterprise recorded a profit of VND51.2 billion, down 49.64% compared to the same period last year.

Regarding the reason for the decrease in after-tax profit compared to the same period, Mr. Bui Quang Anh Vu said that the current economic situation is still generally difficult, including the real estate industry. The investment and development of real estate projects of Phat Dat Corporation has not been favorable.

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