[ANALYSIS] SEC and PSE under suspicion of lapses over Villar Land revaluations

As a publicly listed company, did Villar Land Holdings Corp. violate any listing and disclosure rule of the SEC and the PSE? Was there fraud? Was there insider trading?

, has violated listing and disclosure rules in its reported massive surge in net income and growth that even the Sec urities and Exchange Commission and the Philippine Stock Exchange are again under suspicion of lapses. pending the submission of its 2024 annual financial reports. On the same day, VLC also requested for an extension for its first-quarter report due to the extended finalization of the 2024 audited financial statements.

However, if VLC’s methods are legit after all but may hurt the investing public in the end, what must be done? As a rule, the regulatory watchdog requires accredited appraisers and related PSOs to conform and comply with operational guidelines, reporting requirements, and valuation standards, that are aligned with current international valuation standards adopted by the Financial and Sustainability Reporting Standards Council , which is based on the International Financial Reporting Standards developed by the International Accounting Standards Board .

In this regard, the SEC imposes penalties for non-compliance, such as fines and denial of transaction approvals involving unaccredited entities., I doubt if they are at all clueless about the matter much less that dumb not to understand to follow this rule by the SEC. The mere engagement of SyCip, Gorres, Velayo & Co. or SGV & Co. as their primary external auditor and consultant is a clear evidence and manifestation that they are knowledgeable and compliant on the subject.

Moreover, in view of past experiences, it’s very difficult to haul VLC legally. To say there was fraud, insider trading, or malpractice, VLC followed to the letter the generally accepted accounting principles and generally accepted auditing standards of the PFRS.

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