EXCERPT 

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.

Dominguez said that of the total, the Government Service Insurance System and Social Security System lost P37 million.

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