On November 12, 2019, Phat Dat Real Estate Development Corp issued a decision to approve the capital contribution to set up a subsidiary for management and development the project in No.01 Ngo May Street, Quy Nhon City, Binh Dinh Province with the charter capital of VND 1,120,500,000,000 (PDR contributed VND 1,053,270,000,000, accounting for 94% charter capital of subsidiary).