Villar Land Holdings Group, under fire from the Securities and Exchange Commission (SEC) over alleged stock price manipulation, said it has yet to receive a copy of the criminal complaint filed with the Department of Justice and cannot comment further until it does.
Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.
Villar Land Holdings Group is facing a slew of legal charges, including insider trading and market manipulation, after the Securities and Exchange Commission (SEC) filed criminal complaints against one of the country’s most politically powerful and wealthiest families.