Bueno Sorte Holdings falters has negative networth since 2017
Lucio Tan and wifes holding company Bueno Sorte has been reportedly red flagged by SGV for having a negative net worth of P25 Billion since 2017.
The said holding company is said to be the one to pour $500 million to rehab the bankrupt airline. The holding company holds all LT interest in Asia Brewery, Fortune Tobacco and Philippine Airlines It has doubled to P60 billion in 2020 largely due to P20b losses in PAL operations
SGV doubts the ability of the holding company to be an ongoing concern (or do the $500 million dollar infusion
Much better off kaya tayo. May positive Equity kaya Holy Gardens group. Pagbutihin. Even the biggest can lose. and go belly up
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