E-Value Phils. Inc. will cease operations on December 31, 2025 after opting not to contest the Securities and Exchange Commission’s (SEC) order revoking its accreditation, InsiderPH reported.
The exit follows the SEC’s finding that the firm’s valuation reports for Villar Land, owned by tycoon and former lawmaker Manny Villar, and its subsidiaries were unreliable and riddled with serious lapses.
SEC Chair Francis Ed. Lim said the accreditation was cancelled after an onsite inspection revealed E-Value’s work failed to comply with international valuation standards and lacked documentation to support key assumptions.
The regulator earlier noted the appraiser could not justify the ₱1.33-trillion surge in property values and violated principles of independence, competence, and objectivity.
The Commission imposed the maximum ₱1 million penalty and ordered fresh appraisals for Villar Land units, warning that misstated figures in financial statements risked misleading investors.