RT @jordeenelagare: READ: $FNI chair Joseph Sy is taking a voluntary leave of absence “to focus on resolving his personal legal matters” re….

READ: SEC says it is "closely monitoring" the arrest of $FNI chair Joseph Sy on allegations of misrepresentation of his citizenship. The SEC adds it will "evaluate whether any actions are warranted under its jurisdiction." @InquirerBiz @inquirerdotnet

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In its Aug 22 letter to the SEC seen by Inquirer, Hann said the current environment was “not conducive to a successful offering that would best reflect the value and prospects of the company and ensure the best outcome for our investors and stakeholders.”.

Hann files notices for deferment of IPO.

This confirms an earlier Bloomberg report saying that "prevailing market conditions and sentiment" have ultimately pushed Hann to postpone its stock market debut.

BREAKING: Hann Holdings Inc. has decided to defer its IPO that was originally scheduled next month, a source confirms to the Inquirer. @inquirerdotnet @InquirerBiz.

BREAKING: Villar Land releases statement following SEC's move to slap it w/ P12M fine: "Villar Land and its directors and officers welcome the opportunity to explain their side on the issues raised and will respond to the SEC’s Order in due course." @InquirerBiz @inquirerdotnet

Trading of shares of Villar Land, formerly Golden MV Holdings, has also been suspended since May 16 for its failure to file its financial reports:

The SEC also recently launched a fact-finding investigation into Villar Land's valuation, which stands at P1.5 trillion. This is higher than that of SM Investments Corp., whose businesses span real estate, retail and banking, at P995 billion.

Last year, a big gain in the revaluation of its investment properties resulted in Villar Land’s earnings zooming to nearly P1 trillion from only P1.46 billion in 2023. @InquirerBiz @inquirerdotnet.

In requesting an extension for the filing of its AFS and Q1 report to Aug. 31 (from April 15 and May 15, respectively), Villar Land says its auditor had requested the engagement of another appraiser to validate the valuation of its properties. @InquirerBiz @inquirerdotnet.

JUST IN: SEC denies Villar Land Holdings' prayer to extend the filing of its 2024 annual financial statement and 2025 Q1 report, orders company to pay at least P12M in administrative fines. @InquirerBiz @inquirerdotnet

BREAKING: Hotel101 to enter Cambodia with two upcoming hotels in Phnom Penh and Sihanoukville. @InquirerBiz @inquirerdotnet

RT @jordeenelagare: The government is partnering with the local subsidiary of multinational pharmaceutical company AstraZeneca to develop t….

RT @jordeenelagare: BIZ BUZZ. 🐝 ALI gets a new CFO after 8 years.🐝 Megaworld deemed a great place to work.🐝 Stern warning for NFA staff. ht….

SM Prime Holdings Inc. will open a new Park Inn by Radisson hotel in Sta. Rosa, Laguna province, in the first quarter of 2029.

Cryptocurrency trading will continue in the Philippines after the Securities and Exchange Commission (SEC) clarified the coverage of its new rules on the rapidly evolving industry.

BREAKING: $BLOOM Bloomberry H1 earnings slide 52% to P1.9 billion @inquirerdotnet @InquirerBiz

The American unit of canned food maker Century Pacific Food Inc. (CNPF) has taken over a legacy plant-based food manufacturer to broaden its product portfolio and customer reach.

RT @IanCigaral: At the EJAP Economic Forum on Monday, Finance Secretary Ralph Recto said the government is pursuing revenue-raising measure….