The Securities and Exchange Commission (SEC) has begun internal discussions on the reported PhP1.3-trillion-peso ($17.6 billion) valuation of Villar Land Holdings Corp., formerly Golden MV Holdings, amid concerns over possible trading irregularities.
SEC Chairperson Francis Lim said Friday that a fact-finding probe is underway to determine whether insider trading, market manipulation or other violations occurred after the company’s market value surged sharply in 2024 compared with the previous year.
Villar Land, controlled by the family of former Senate President Manuel Villar, owns extensive prime properties in Cavite and the planned 3,500-hectare Villar City township spanning Muntinlupa, Las Piñas, Cavite and Laguna.Â
The company is part of the Villar business empire, which includes real estate developer Vista Land and retail chain AllHome.
The company said it is cooperating with regulators and remains committed to transparency and compliance with securities laws.
The SEC investigation comes as Philippine regulators have pledged closer scrutiny of listed companies following volatile swings in share prices of several local firms in recent years.
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