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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details