E-Value Phils. Inc. will cease operations on Dec. 31, 2025 after deciding not to contest the SEC’s order revoking its accreditation, a source with direct knowledge of the matter told InsiderPH.
The exit follows the regulator’s finding that E-Value’s valuation reports for Villar Land, backed by tycoon Manuel Villar Jr., and its subsidiaries were unreliable and riddled with serious lapses.
The SEC, chaired by Francis Ed. Lim, cancelled the firm’s accreditation after an onsite inspection showed its work failed to comply with international valuation standards and lacked documents to support key assumptions.
The SEC earlier said the appraiser could not justify the P1.33-trillion surge in property values and violated fundamental principles of independence, professional competence, and objectivity.
The Commission also imposed the maximum P1million penalty and ordered fresh appraisals for Villar Land units, warning that the misstated figures—used in financial statements—risked misleading investors.
—Edited by Miguel R. Camus
