Morning Longtimer.
I based my assumption on one of the main PSE listing requirements "Cumulative net income, excluding non –recurring items, of at least Php75 million for three (3) full fiscal years immediately preceding the application for listing."
Note TVIRD did not make a profit in 2023 and most likely will not in 2024 due to Siana costs.
Therefore Villar took control over TVI and will most likely roll TVIRD into TVI. Just like it used to be with the only difference is that Villar will own at least 75 %.gltu