The amount of VND 1,343 billion raised after the issuance, Phat Dat will use to implement a number of real estate projects in its subsidiaries.
On April 23, the State Securities Commission (SSC) awarded the public stock offering registration certificate to Phat Dat Real Estate Development Joint Stock Company (HoSE: PDR).
Specifically, Phat Dat will offer 134.3 million shares, priced at 10,000 VND/share to existing shareholders, at a ratio of 5.5:1 (shareholders owning 5.5 shares will receive 1 new buying right). Delivery time is 90 days from April 23.
The expected mobilized amount is 1,343.3 billion VND, which Phat Dat will use to implement real estate projects of the company and its subsidiaries, such as: Bac Ha Thanh Residential Area Project (expected to spend 511 billion VND). VND), Cadia Quy Nhon Project (expected to spend 400 billion VND), Thuan An 1 and Thuan An 2 Project (expected to spend 300 billion VND),…
In 2023, Phat Dat Real Estate also successfully mobilized more than 670 billion VND through the offering of 67 million individual shares priced at 10,000 VND/share to professional stock investors. Thereby, contributing to helping this business bring bond loan balance to zero at the end of the year.
In 2024, Phat Dat also plans to issue 34.1 million shares priced at 20,000 VND to exchange for a $30 million loan at ACA Vietnam Real Estate III LP and 14.6 million shares priced at 12,000 VND for employees. .
On the market, in the afternoon trading session on April 24, PDR shares increased by 5.73% to 26,750 VND/share, with a liquidity of 228 billion VND. The strong increase took place after Phat Dat experienced a decline of more than 20% along with the general market developments.
>> Phat Dat (PDR) aims to increase revenue by 368%, issuing 48.7 million shares priced at 12,000 – 20,000 VND
Tags: State Securities Commission approved Phat Dat PDR offer million shares priced VND
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