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Share sale shocks investors: PDR boss drastically reduces his stake!
Chief Executive Officer Nguyen Van Dat plans to sell 88 million PDR shares to address financing needs and secure long-term benefits for Phat Dat.
Share sale shocks investors: PDR boss drastically reduces his stake!
On August 29, 2025, Phat Dat Real Estate Development Corporation (PDR) announced that CEO Nguyen Van Dat plans to sell 88 million shares. This decision has caused concern among shareholders and investors as the market value of the affected shares exceeds VND2,000 billion. The expected sales period is from September 5th to October 3rd, 2025.
Upon completion of the sale, Mr. Dat will reduce his stake in PDR from over 359 million shares, representing 36.72% of the share capital, to approximately 271 million shares, or 27.7%. This represents a significant reduction in his stake in the company.
Reactions and effects on the market
The announcement of the sale was published on August 30, 2025. The day before, the price of PDR shares was 0.61% higher than the previous value at VND24,550 per share. The price has gained over 50% in the last quarter, indicating increasing liquidity in PDR shares - the highest level since early 2023. Such developments could unsettle investors, especially since Mr Dat's son, Nguyen Tan Danh, also recently sold all 3.4 million of his holdings.
In addition, General Director Bui Quang Anh Vu announced that he also sold all of his shares and no longer holds any shares. Despite these worrying sales, Mr Dat asserts that the sale "may lose short-term benefits" but could bring long-term sustainable development for Phat Dat and shareholders.
Strategic realignment and ongoing projects
Despite the current restructuring, Phat Dat Corporation is planning a strategic realignment focusing on central urban areas. Negotiations are underway for the acquisition of major projects in Ho Chi Minh City, Binh Duong, Ba Ria – Vung Tau and Hanoi. These strategic initiatives are intended to help position PDR as a leader in the real estate sector in Vietnam.
Phat Dat has several comprehensive projects planned for 2025, including:
- Thuan An 1 & 2 (Binh Duong): LEED-zertifizierte urbane Komplexe mit Verkaufsstart im Q2/2025.
- Quy Nhon Iconic Phase 2 (Binh Dinh): Premium-Wohngebiet, Verkaufsstart im März 2025.
- Q1 Tower (Quy Nhon): Strand-Condotel mit Verkaufsstart im April 2025.
- Con Dao Resort Complex, Serenity Phuoc Hai (Ba Ria-Vung Tau), Nhu Nguyet Commercial Complex (Da Nang): Luxusprojekte für Zweitwohnungen und gemischte Nutzung.
The company's achievements in 2024 demonstrate comprehensive transformation and net sales increase to VND2,017 billion, underpinning PDR's progress. Mr. Dat's expected earnings from the sale of the 88 million shares are estimated to be around VND2,100-2,200 billion, which covers his personal financial needs.
The coming months will be critical to see how PDR's strategic initiatives evolve and what impact current sales will have on the market.