HCMC – Phat Dat Real Estate Development Corporation (HOSE: PDR) plans to raise nearly VND2 trillion through a rights issue to existing shareholders, according to documents for its 2026 annual general meeting.
The company plans to issue up to 199.56 million shares at a ratio of 5:1, meaning shareholders can buy one new share for every five shares held.
The offered price is VND10,000 per share. Phat Dat said it based the price on audited 2025 book value of about VND12,360–12,451 per share and a 30-session average market price of VND15,780 per share, while considering market conditions and participation of existing shareholders.
The offering is expected to take place in 2026 after approval from the State Securities Commission.
The company expects to raise nearly VND2 trillion. It plans to allocate VND1.55 trillion to project investment.
Another VND300 billion will be used to acquire shares in AKYN Investment Trading Service JSC, the developer of a project at 239 Cach Mang Thang Tam Street in Ho Chi Minh City. Nearly VND146 billion will be used for working capital.
Phat Dat previously announced the AKYN transaction in late 2025, acquiring shares from Dai Quang Minh Real Estate Investment JSC. The deal is valued at about VND1.35 trillion for a 50% stake. The company said proceeds from the offering will cover part of the funding, with the remainder sourced from business cash flow or borrowings. Disbursement is planned for the second quarter of 2026.
The board said if the proceeds fall short of the plan, the company will supplement funding through operating cash flow or other sources, including loans.
Separately, the company plans to issue shares to pay a dividend at a ratio of 10%. Up to 119.7 million shares could be issued, depending on the completion of the rights offering.
If both issues are completed, its charter capital would increase from round VND9.98 trillion to VND12.37 trillion. The annual general meeting is scheduled for April 16 in HCMC.
Closing the trading session today, April 3, PDR extended its losing streak to the fourth straight session with a 1.24% decrease, at VND15,900.
Vietnam’s VN-Index fell 10.78 points, or 0.64%, to close at 1,684.04, while still posting a weekly gain of 11.24 points, marking a second straight week of increases.
On the Hochiminh Stock Exchange, decliners outnumbered gainers by 233 to 78. Trading volume reached more than 772.3 million shares, with a value of VND21.13 trillion, down 13% in volume and 23% in value from the previous session. Block deals contributed over 75.4 million shares worth VND2.26 trillion.
Large-cap stocks showed mixed movements. VHM rose 1.1% to VND119,200, narrowing earlier gains. VPL reversed course to fall 0.8% to VND83,200 after hitting its ceiling price during the session.
Among blue chips, DGC gained 4.6% to VND56,500, with matched volume exceeding 8.3 million shares. LPB rose 3.1% to VND43,100.
On the downside, MWG fell more than 3% to VND79,300. TCB, SSI, HPG, VRE and VJC declined between 2% and 2.6%.
SHB was the most actively traded stock on the market, with over 52.3 million shares changing hands. It edged up 1.71% to VND14,900.
On the Hanoi Stock Exchange, the HNX-Index fell 1.68 points, or 0.67%, to 248.68. The northern exchange recorded 102 decliners and 47 gainers, with trading volume of more than 63.1 million shares valued at VND1.12 trillion.
