tỷ lệ kèo bóng đá 88 Phat Dat’s CEO: ‘Buying 20 million PDR stocks is not an act of rescue’

Mr. Bui Quang Anh Vu, CEO of Phat Dat (HOSE: PDR), emphasized that tỷ lệ kèo bóng đá 88 registration to buy 20 million additional shares is purely a personal investment based on trust in tỷ lệ kèo bóng đá 88 Company's business.

CEO Bui Quang Anh Vu registered to buy 20 million PDR shares.

Mr. Bui Quang Anh Vu - CEO of Phat Dat Real Estate Development Corporation - has just announced buying 20 million PDR shares for investment. tỷ lệ kèo bóng đá 88 transaction is expected from November 24 to December 23 via matching or put-through orders.

This move comes in tỷ lệ kèo bóng đá 88 context of PDR being illiquid with a long slide. As of 11:30 a.m. on November 22, PDR stock price dropped to VND 15,950/share, and there were still more than 100 million shares queuing at tỷ lệ kèo bóng đá 88 floor price.

Responding to Zing about this decision, Mr. Bui Quang Anh Vu affirmed that this is a personal investment based on an assessment of tỷ lệ kèo bóng đá 88 Company's operations.

"I do not rescue, but I believe. This belief is supported by existing firm foundations and a series of ongoing and upcoming projects. Recent stock price declines resulted from forced sell orders issued by securities firms to some individual investors, which is separate from Phat Dat's operations. Our business is carried out as normal, healthy and progressing forward." Mr. Vu emphasized in an exchange on tỷ lệ kèo bóng đá 88 afternoon of 22nd November.

PDR stock price has continuously declined over tỷ lệ kèo bóng đá 88 past time. Graph: Trading view.

According to tỷ lệ kèo bóng đá 88 CEO, Phat Dat is speeding up Cadia Quy Nhon in Binh Dinh and is about to launch a project of 5,000 luxury apartments in Binh Duong and a hospitality project in Phuoc Hai, Ba Ria-Vung Tau.

tỷ lệ kèo bóng đá 88 enterprise is expected to complete site clearance compensation for a 43-ha project in Binh Dinh by tỷ lệ kèo bóng đá 88 end of this year and construct infrastructure to launch sales soon after. In addition to 4 projects to be implemented by tỷ lệ kèo bóng đá 88 end of December 2023, Phat Dat has other lands for continuous development.

"I think people with money still have money at their disposal, so if we know how, we can sell our products," as tỷ lệ kèo bóng đá 88 CEO puts it when answering about purchasing power for these projects in tỷ lệ kèo bóng đá 88 problematic context of tỷ lệ kèo bóng đá 88 economy, particularly tỷ lệ kèo bóng đá 88 real estate market.

He said that instead of tỷ lệ kèo bóng đá 88 wholesale strategy as before, tỷ lệ kèo bóng đá 88 business had established a subsidiary called Phat Dat Realty to link with brokers across tỷ lệ kèo bóng đá 88 country to sell products. This approach is working, he claims.

However, anticipating tỷ lệ kèo bóng đá 88 greatest difficulty being in tỷ lệ kèo bóng đá 88 customer's capital, he mentioned bank collaboration to extend loan availability for customers and various flexible and attractive forms of payment.

Also, during tỷ lệ kèo bóng đá 88 exchange, tỷ lệ kèo bóng đá 88 CEO confirmed that he was not under bond pressure. All due bonds are paid as always.

tỷ lệ kèo bóng đá 88 bond issues are secured by PDR shares of major shareholders guaranteeing not to sell. After tỷ lệ kèo bóng đá 88 stock price dropped recently, Phat Dat considered tỷ lệ kèo bóng đá 88 worst-case scenario and added collateral assets such as PDR shares and real estate, including land use rights, property exploitation and home ownership.

tỷ lệ kèo bóng đá 88 value of outstanding bonds is VND 2,800 billion, and tỷ lệ kèo bóng đá 88 collateral is currently estimated at VND 7,000 billion," Phat Dat's representative added.

Mr. Bui Quang Anh Vu currently owns more than 3.2 million PDR shares. If successfully purchased in full as in tỷ lệ kèo bóng đá 88 announcement, tỷ lệ kèo bóng đá 88 ownership will increase to 23.2 million PDR shares or 3.45% ownership proportion.