Megaworld shareholders lost P111M after BIR fiasco

By Anna Leah E. Gonzales

May 25, 2022 12:24 am

PUBLIC shareholders of Megaworld Corp. lost more than P100 million in value following the Bureau of Internal Revenue's (BIR) announcement of a supposed closure order against the property developer.

'Collectively, the public shareholders of MEG lost about P111 million in value from May 17-23,' Finance Secretary Carlos Dominguez 3rd told reporters in a Viber message late Monday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Premiumlands readies tender offer for AsiaBest

Ang-Mercado named SMFB's new finance chief

Pryce's 2024 profit rises 30.4% to P3B

ACEN pumps more money into Belenos

Fruitas planning P100-M share buyback

First Gen, packaging firm renew power deal

Asset swap seen to boost FILRT profits