Engineering and infrastructure firm Megawide Construction Corporation has bagged the contract to construct the newest Landers Store which will be built in Aseana City. In a statement, the firm said the project will further bolster Megawide’s class as the premier builder of these modes of...
Megawide Construction Corporation reported a turnaround in its 2023 performance to a consolidated net income from continuing operations of P269 million from the P1.87 billion consolidated net loss incurred in 2022. In a disclosure to the Philippine Stock Exchange, the firm reported consolidated...
Megawide Construction Corporation is planning to raise up to P5 billion from a bond offering that was approved by its board of directors last April 12. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board has authorized the offering of peso-denominated fixed rate bonds...
Real estate firms PH1 World Developers (PH1WD), a unit of Megawide Construction Corporation, and ProFriends have forged a joint venture Famtech Properties (Famtech) to develop a property in Imus City, Cavite. COLLABORATION SEALED: PH1WD project director Spike Ching (from left), PH1WD President Gigi...
Megawide Construction Corporation has completed building the structure for housing developer 8990 Holdings’ 47-storey Urban Deca Cubao residential condominium. (L-R: Megawide Construction COO Frederick Tan, ECTA Principal Arch. Edward Co. Tan, Megawide Chairman & CEO Edgar Saavedra, 8990...
Megawide Construction Corporation expects its real estate subsidiary PH1 World Developers to be ripe for an initial public offering (IPO) in two to three years or around 2025 when its business has grown to about twice its current size. In an interview, Megawide Chairman and CEO Edgar Saavedra said...
PH1 World Developers, the newly-acquired real estate subsidiary of Megawide Construction Corporation, is launching two projects worth P3.5 billion this year as it diversifies into the horizontal residential space. In a press briefing, PH1 World Developers President Gigi G. Alcantara said they have...
The country’s largest construction materials manufacturers issued an appeal to builders and construction companies to “Build Lokal” by patronizing the use of local building materials in their projects over imported products to support the growth of domestic manufacturing. The group issued this...
Megawide Construction Corporation is planning to raise P1.5 billion from the issuance of a new series of preferred shares to fund the redemption of a previously issued series of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it has filed with the Securities and...
Precast and Construction Solutions (PCS), Megawide Construction Corporation’s engineering innovations unit, reported a modest two percent improvement in revenues to P720 million in the first nine months of 2022 from the same period in 2021 and more than three times the P206 million recorded in...
Aboitiz InfraCapital Inc. (AIC) has closed its acquisition from Megawide Construction Corporation and GMR Airports International, B.V. (GAIBV) for the P25 billion acquisition of the Mactan-Cebu International Airport. In a disclosure to the Philippine Stock Exchange, Megawide said the transaction...
Megawide Construction Corporation reported that its attributable net loss ballooned to P445.25 billion in the first nine months of the year, a 451 percent spike from losses of P80.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
