The UK government’s MOBILIST Programme has invested P731 million in Citicore Renewable Energy Corporation (CREC) which is equivalent to 13.77 percent of its P5.3-billion initial public offering (IPO). CREC has successfully completed its IPO and listing on the Philippine Stock Exchange (PSE) on...
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 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...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to P353 million or P0.054 per share which is 10 percent higher than the P0.049 a share dividend declared in the previous quarter. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this brings total...
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...
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...
PH1 World Developers, a subsidiary of Citicore Holdings and sister company of Megawide Construction Corporation, has jumpstarted its entry into the residential property market with the launch of P19.25 billion worth of projects this year. In a press briefing, PH1 Chairman Edgar Saavedra said the...
Megawide Construction Corporation reported that its shareholder Citicore Holdings Investment Inc. has subscribed to 13.5 million of Megawide’s Series 3 preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said this serves as initial subscription for the increase in the...
