Phat Dat approves capital contribution plan to establish two associate companies
Phat Dat Real Estate Development Corporation (PDR: HOSE) has announced that its Board of Directors has approved the plan to contribute capital to establish two associate companies.
Establishment of Dong Nai Riverside New Urban Area Joint Stock Company
Pursuant to Resolution No. 36/2025/HĐQT-QD, the BOD of Phat Dat approved the establishment of an associate company with the following details:
- Proposed company name: Dong Nai Riverside New Urban Area Joint Stock Company
- Proposed charter capital: VND 845,112,200,000 (eight hundred forty-five billion one hundred twelve million two hundred thousand Vietnamese dong)
- Phat Dat’s capital contribution: 35% of the associate company’s charter capital, equivalent to VND 295,789,270,000 (two hundred ninety-five billion seven hundred eighty-nine million two hundred seventy thousand Vietnamese dong).
Establishment of Tam Hiep Urban Development Joint Stock Company
Also pursuant to Resolution No. 36A/2025/HĐQT-QD, Phat Dat approved cooperation with another partner to contribute capital to establish an associate company with the following details:
- Proposed company name: Tam Hiep Urban Development Joint Stock Company
- Proposed charter capital: VND 989,825,000,000 (nine hundred eighty-nine billion eight hundred twenty-five million Vietnamese dong)
- Phat Dat’s capital contribution: 35% of the associate company’s charter capital, equivalent to VND 346,438,750,000 (three hundred forty-six billion four hundred thirty-eight million seven hundred fifty thousand Vietnamese dong).
The BOD unanimously appointed Mr. Truong Ngoc Dung as the authorized representative to manage the entire capital contribution of Phat Dat in both of the associate companies.
View details here.
