PDR: Board resolution on purchasing more shares in a member company

According to the Board resolution dated December 09, 2020, the Board of Directors of Phat Dat Real Estate Development Corp approved the policy that Phat Dat Real Estate Development Corp would buy another 73,630,000 shares in BIDICI Real Estate Investment Joint Stock Company (hereinafter BIDICI) when the later company issued 187,000,000 shares in order to raise funds for the investment project in Apartment Building in Area 9, Nhon Hoi Ecotourism Urban Area, Binh Dinh. After the deal, the owning ratio of Phat Dat Real Estate Development Corp in BIDICI will be 49% and BIDICI will be no longer a subsidiary of Phat Dat Real Estate Development Corp.

HOSE

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