Phat Dat Affirms That Leaders Registering to Sell ESOP Shares Is for Personal Needs

Ho Chi Minh City – January 8, 2025 – Phat Dat Real Estate Development Corporation (PDR) stated that the registration of some executives to sell ESOP shares is a routine transaction to meet personal financial needs.

Previously, on January 3, 2025, Phat Dat announced on its official website that CEO Bui Quang Anh Vu, Vice President Truong Ngoc Dung, and Vice President Nguyen Khac Sinh had registered transactions to sell ESOP shares.

Phat Dat clarified that these executives purchased the ESOP shares three years ago and are now selling them for personal financial purposes at the end of the year. The company has disclosed this information in full compliance with legal regulations.

The sale of ESOP shares is a personal financial move and does not affect the responsibilities, duties, or positions of these individuals within Phat Dat. These executives are key leaders who have been with the company for many years and are currently working closely with the team to implement Phat Dat’s ongoing projects.

As far as the plan goes, Phat Dat aims to generate VND 50 trillion in revenue over the next three years from six projects: Quy Nhon Iconic (Bac Ha Thanh Residential Area) in Binh Dinh, Thuan An 1 & 2 High-Rise Residential Complex in Binh Duong, Q1 Tower in Quy Nhon, Nhu Nguyet Commercial Complex in Da Nang, Poulo Condor Resort Complex, and Serenity Phuoc Hai Resort Complex in Ba Ria – Vung Tau.