Megawide Construction Corp. was slapped with a P1.3-billion arbitration claim by HT Land Inc. in relation to the construction of the P10-billion second phase of the Mandani Bay Quay development in Mandaue City, Cebu. In a regulatory filing on Thursday, Nov. 4, Megawide said it received a request...
Megawide Construction Corporation has opted to completely divest its remaining minority stake in Aboitiz GMR Megawide Cebu Airport Corporation’s (AGMCAC) operator of the award-winning Mactan Cebu International Airport (MCIA) for P7.76 billion. In a disclosure to the Philippine Stock Exchange,...
Megawide Construction Corporation is planning to raise about P7.6 billion from the issuance of its Series 6 preferred shares, via share subscription and a follow-on offering, after increasing its authorized capital stock to P5.18 billion. In a disclosure to the Philippine Stock Exchange (PSE), the...
Engineering and infrastructure firm Megawide Construction Corporation registered a 21 percent growth in consolidated net income for the first six months of the year to P438 million as construction operations sustained its strong momentum. In a disclosure to the Philippine Stock Exchange, the...
PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan. In a statement, the firm said the fresh...
Megawide Construction Corporation, an infrastructure and engineering firm led by tycoon Edgar Saavedra, has listed P5 billion worth of Fixed-Rate Bonds at the Philippine Dealing and Exchange Corp. (PDEx) after an oversubscribed public offering. In a disclosure to the Philippine Stock Exchange, the...
Engineering and infrastructure firm Megawide Construction Corporation has listed P5.0 billion Fixed-Rate Bonds (inclusive of the P1.0 billion oversubscription option) at the Philippine Dealing and Exchange Corporation (PDEx). In a disclosure to the Philippine Stock Exchange on July 11, 2024,...
The Securities and Exchange Commission (SEC) has approved the planned bond offering of Megawide Construction Corporation worth up to P5 billion. In its meeting on June 18, the Commission En Banc resolved to render effective the registration statement of Megawide covering up to P4 billion of...
PH1 World Developers (PH1WD), the real estate arm of Megawide Construction Corp. (Megawide), has started construction of a P1.5-billion mid-rise condominium development in Imus City, Cavite. The project is under the government’s “Pambansang Pabahay Para sa Pilipino Housing (4PH) Program” and...
Engineering and infrastructure firm Megawide Construction Corporation bounced back to profitability with a consolidated net income of P183.4 million in the first quarter of 2024 from the P7.4 million net loss in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Megawide Construction Corporation reported that its Precast and Construction Solutions (PCS) unit is supplying precast double tee slabs for the North Luzon Expressway’s Candaba Viaduct expansion by working closely with Leighton Asia. In a statement, Megawide said the project, which involves...
Engineering and infrastructure firm Megawide Construction Corporation’s planned P5-billion bond offering has been assigned an Issue Credit Rating of PRS Aa, with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). Megawide plans to offer bonds worth P4 billion, with an...
