SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 27, 2016

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069-000

4. Exact name of issuer as specified in its charter

Megawide Construction Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F Spring Bldg. Arnaiz Ave. cor. P. Burgos St., Pasay City, Metro Manila Postal Code 1300

8. Issuer's telephone number, including area code

655-1111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	2,138,577,497
Preferred	40,000,000

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Megawide Construction CorporationMWIDE

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
8990 Holdings says in talks to acquire stake in Megawide

Source	BusinessWorld Online
Subject of News Report	8990 Holdings says in talks to acquire stake in Megawide
Date of Publication	Dec 27, 2016

Clarification of News Report
This is to clarify the news article posted in BusinessWorld Online on December 27, 2016, entitled “8990 Holdings says in talks to acquire stake in Megawide.” The relevant portion of the article reads in part: “8990 HOLDINGS, Inc. is looking into owning a part of Megawide Construction Corp. whose prefabrication expertise could support the mass housing developer’s foray in condominium development. In a Dec. 9 interview, 8990 Holdings President and Chief Executive Officer Januario Jesus B. Atencio III confirmed that discussions with Megawide over a possible stake acquisition have been taking place. ‘We’re just talking about it -- baka pwede. Kung baka, magkano? (Maybe it is possible. If possible, then how much?),’ said Mr. Atencio when asked about ongoing talks of buying into the diversified infrastructure and engineering conglomerate. Megawide neither confirmed nor denied holding discussions with the listed mass housing developer for a possible investment. ‘8990 is an existing client and we are in regular communication about existing projects,’ Megawide Corporate Communications Officer Anna Karenina M. Salgado said in response to a question posed to Chairman and Chief Executive Officer Michael C. Cosiquien. . . . .” We confirm that 8990 Holdings (“8990”) is an existing client of Megawide Construction Corporation (“Megawide”), and that Megawide maintains regular communication with 8990 regarding its existing projects. We also confirm that 8990 has expressed interest for a possible stake in Megawide’s construction business only, but no specifics have been discussed. We also clarify that there are no definitive agreements or decisions made in connection with 8990 purchasing Megawide shares. Megawide receives investment proposals from various companies from time to time. Should an agreement be reached, disclosure shall be made immediately. We trust that the foregoing is sufficiently helpful to you. Please do not hesitate to call us should you have any further questions. Thank you.
Other Relevant Information
None.