Megawide Construction Corp. is raising ₱1.5 billion from the issuance of three-year, peso-denominated fixed-rate notes this month as it takes advantage of lower interest rates to refinance obligations. The firm informed the Philippine Stock Exchange (PSE) that the debt instrument will be enrolled...
GCash reported robust uptake for recent stock offerings made available to small investors via its GStocks PH platform, citing oversubscriptions for both the Maynilad Water Services Inc. initial public offering (IPO) and the preferred share sale of Megawide Corp. “Filipinos are increasingly...
Century Properties Group is doubling down on affordable housing, with its subsidiary PHirst Park Homes Inc. (PPHI) earmarking ₱8.39 billion to develop 13,150 new housing units designed to meet the rising demand driven by the country’s housing backlog. In a disclosure to the Philippine Stock...
Saavedra-led Megawide Construction Corp. has secured the ₱1.2 billion contract to build the Baguio City Integrated Terminal (BCIT), which aims to ease commuting and reduce traffic in the country’s summer capital. In a disclosure to the Philippine Stock Exchange (PSE), Megawide said that it...
Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Megawide Construction Corp. has bagged about ₱10 billion worth of contracts from top township developer Megaworld Corp. for the construction of residential towers in Uptown Bonifacio and Newport City. In a disclosure to the Philippine Stock Exchange (PSE), Megawide said it has secured two new...
The Securities and Exchange Commission (SEC) has approved the ₱3-billion follow-on offering of preferred shares by engineering and infrastructure firm Megawide Construction Corp. In its meeting on Oct. 9, the Commission En Banc resolved to render effective the registration statement of Megawide...
In light of its improving prospects, engineering and infrastructure firm Megawide Construction Corp. is increasing its maximum allowable dividend cash declaration policy to 50 percent from 30 percent of the previous year’s net income. In a disclosure to the Philippine Stock Exchange, the firm...
Saavedra-led Megawide Construction Corp. is firming up its balance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back ₱9.4 billion for advances made by the engineering firm in 2016. In a disclosure to the Philippine Stock...
Megawide Construction Corp. expects higher earnings in 2025 as it reported a consolidated net income of ₱436 million in the first six months of the year—slightly lower than the ₱438 million earned in the same period last year but amounting to 81 percent of full-year 2024 net income. In a...
Philippine Rating Services Corp. (PhilRatings) has maintained its very strong issue credit rating of PRS Aa, with a stable outlook, for Megawide Construction Corp.’s ₱9-billion outstanding bonds. Obligations rated PRS Aa are of high quality and are subject to very low credit risk. The...
Engineering and infrastructure firm Megawide Construction Corporation plans to raise ₱3 billion from its second preferred share issuance this year, as it aims to more than double its order book to a record ₱48 billion. During the firm’s annual stockholders’ meeting, Megawide Chief Finance...
