Jauhn Etienne Villaruel

Manny Villar at the sidelines of the Makati Business Club Forum at the Makati, Shangri-La, March 07, 2019. Jonathan Cellona, ABS-CBN News

Article (news)

Benise Balaoing

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1759820832363cropped-20251007071056_3751ed387e6a5287b508903b6fe5f2565d28c5945f1f40421676553a6d05a392.jpg" style="width:960px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Manny Villar at the sidelines of the Makati Business Club Forum at the Makati, Shangri-La, March 07, 2019. Jonathan Cellona, ABS-CBN News</span></span></span></div><p>MANILA — The Securities and Exchange Commission (SEC) has asked E-Value Phils. Inc, the asset valuer of Villar Land Holdings Corp., to explain why it should not be penalized over its valuation of properties of companies under the Villar Land group.</p><p>In a statement, the SEC noted that E-Value Phils. appraised the value of Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corporation.</p><p>Villar Land had earlier said it was late in filing its audited financial reports after its external auditor Punongbayan &amp; Araullo asked for more time to review the firm&#x27;s 2024 financial statements.</p><div><a href="https://www.abs-cbn.com/news/business/2025/8/21/sec-fines-villar-land-over-late-submission-of-financial-statements-1215" rel="noopener noreferrer" target="_blank">SEC fines Villar Land over late submission of financial statements</a></div><div><a href="https://www.abs-cbn.com/news/business/2025/9/11/villar-land-appeals-sec-fines-says-delay-in-financial-reports-beyond-their-control-1842" rel="noopener noreferrer" target="_blank">Villar Land appeals SEC fines, says delay in financial reports &#x27;beyond their control&#x27;</a></div><p>SEC had earlier fined Villar Land for P12 million for the late submission of its audited financial statements, and a P2,000 per day fine starting July until it was able to submit these financial reports. </p><p>The penalties were in lieu of the suspension of its registration and permit to sell shares.</p><p>SEC said it is issuing a show-cause order against E-Value Phils. after its personnel inspected the company to determine its compliance with the guidelines on asset valuations and effective international valuation standards in preparing appraisal reports of firms.</p><p>The SEC said its investigation into E-Value is in line with its visitorial powers, as provided under Section 178 of the Revised Corporation Code.</p><div><br/></div><div><strong>RELATED VIDEO</strong></div><div><br/></div><div><strong><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/kNVgXH6Z9Yk?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></strong><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/HyU8jSifIlQ?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The SEC has asked E-Value Phils. Inc, the asset valuer of Villar Land Holdings Corp., to explain why it should not be penalized.</p>

The SEC has asked E-Value Phils. Inc, the asset valuer of Villar Land Holdings Corp., to explain why it should not be penalized.

SEC asks Villar Land appraiser to explain property value

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SEC asks Villar Land appraiser to explain property value

Benise Balaoing,

ABS-CBN News

Published October 07, 2025 03:11 PM PHT

Read More:

SEC

Securities and Exchange Commission

Villar Land

E-Value Phils.

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