Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Real estate»Phat Dat Real Estate Development: successfully transfers a project to 197 rue Dien Bien Phu
    Real estate

    Phat Dat Real Estate Development: successfully transfers a project to 197 rue Dien Bien Phu

    December 5, 20222 Mins Read
    WhatsApp Facebook Telegram

    Phat Dat Real Estate Development Corporation (HOSE: PDR) has completed the transfer of its stakes in Hoa Binh Land JSC – the owner of the project at No. 197 Dien Bien Phu Street, Ward 15, Binh Thanh District.

    As in the announcement, Phat Dat has transferred 28,476,800 ordinary shares, or 88.99% of the registered capital of Hoa Binh Land JSC, to a partner.

    Hoa Binh Land JSC is the investor of the project at No. 197 Dien Bien Phu Street, Ward 15, Binh Thanh District, popularly known as “Hoa Binh – Thanh Yen Complex”. Phat Dat had previously acquired this project after the transfer of Astral City worth VND 3.340 billion.

    The deal is part of Phat Dat’s investment portfolio restructuring strategy to optimize investment resources, generate capital flows and increase loan and bond repayment capacity.

    Mr. Vu estimated that Phat Dat’s outstanding bonds were not too large in relation to the company’s total assets. In addition, with its investment portfolio restructuring strategy, the Company is focusing on potential projects in 2023. Specifically, Phat Dat plans to launch more than 12,000 products from projects in Binh Dinh, Binh Duong at the end of 1Q2023 and Ba Ria Vung Tau at the end of 2Q2023.

    Thus, since the end of October 2022, Phat Dat has settled VND 558.7 billion in loans, including VND 338.7 billion in prepaid bonds. According to the 3Q2022 financial statements, it is calculated that the total debt of Phat Dat has increased from VND5.265 billion to around VND4.7 trillion, especially the bond balance to VND2.5 trillion. The company’s board said it had prepared a plan and roadmap to repay loans on time and secure bondholder benefits.

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    Jackson Walker expands his real estate practice with the addition of Henry Gilmore and Justin Meyer – Jackson Walker

    October 27, 2022

    Hillhouse reportedly moves to MBFC Singapore

    December 17, 2022

    Home insurance is 7 times more expensive in Midwestern states

    November 3, 2022

    State Wood urges uninsured to enroll in Covered California – InsuranceNewsNet

    November 20, 2022
    Don't miss

    The future aims for billionaire status with real estate investments

    November 27, 2022

    A private museum for the collection of late real estate mogul Sheldon Solow is set to open in 2023

    November 3, 2022

    Real Estate Source, Inc. Helps New California Residents Find Dream Homes

    October 25, 2022
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.