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Philippine Billionaire's Company Says ‘Rigorous Audit' Underway Amid Probe
The Philippines' most valuable company said its financial statement is currently undergoing 'rigorous audit' by external auditors after Manila's securities regulator said it would look into the property developer's valuation and deals.
The audit includes a 'comprehensive review of appraisal reports covering high-value properties,' Golden MV Holdings Inc, a cemetery-to-business hub developer owned by Philippine billionaire Manuel Villar, said in a statement sent on Monday.