THE Securities and Exchange Commission (SEC) has penalized Villar Land Holdings Corp. with a P12 million fine for failing to meet the deadline for submitting audited financial statements.
This action comes amid an ongoing review of the company’s reported asset valuation, which exceeds P1 trillion.
In an order dated August 18, 2025, the SEC-Markets and Securities Regulation Department directed Villar Land Holdings, along with its directors and officers, to pay a fine of P1 million each.
The individuals named include chairman Manuel Villar Jr. and his children, senators Mark Villar and Camille Villar, as well as Manuel Paolo Villar, all listed as directors of the company.
Instead of suspending the company’s registration statement and permit to offer and sell securities to the investing public, the SEC opted for the monetary penalty.
In addition to the initial fine, the SEC is also charging the company and its officers and directors P2,000 for each day of delay from July 1, 2025, until the submission of its annual report and first quarter report.
metrosundaily
