Phat Dat issues over 34 million shares at VND 20,000 to foreign investors

Phat Dat Real Estate Development Corporation (HOSE: PDR) has issued 34,095,000 shares at VND 20,000 per share for debt conversion, pursuant to Resolution No. 06/2025/HĐQT-QĐ dated April 16, 2025, approved by the Board of Directors. This move forms part of the company’s financial restructuring strategy and foreign investor cooperation enhancement plan, which was ratified by shareholders in 2024.

Accordingly, PDR has issued 34,095,000 shares at a conversion price of VND 20,000 per share, equivalent to a total par value of VND 340.95 billion. The conversion process was completed on April 16, 2025, with all issued shares subject to a one-year transfer restriction from the issuance date.

Under the resolution, Board Chairman Nguyen Van Dat has been granted full authority to execute related procedures, including reporting the issuance results to the State Securities Commission, submitting additional listing documents to HOSE, and completing charter capital adjustments based on the issuance outcome.

This debt-to-equity share issuance represents one of the financial solutions approved at the 2024 Annual General Meeting of Shareholders, aimed at restructuring finances and enhancing the company’s operational efficiency in the coming period.

The successful debt conversion enables Phat Dat to reorganize its corporate finances, reduce debt pressure, and strengthen strategic cooperation with foreign investors.