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)
Jan 26, 2021
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
No 20 N. Domingo Street, Barangay Valencia, Quezon CityPostal Code1112
8. Issuer's telephone number, including area code
(02) 8655-1111
9. Former name or former address, if changed since last report
Not Applicable
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
2,013,409,717
Preferred
97,126,010
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
Clarification re: "MIAA board shuts door to Megawide’s NAIA rehabilitation proposal"
Source
BusinessWorld (Online Edition)
Subject of News Report
MIAA board shuts door to Megawide’s NAIA rehabilitation proposal
Date of Publication
Jan 26, 2021
Clarification of News Report
We write with respect to the news article entitled “MIAA board shuts door to Megawide’s NAIA rehabilitation proposal” posted in BusinessWorld (Online Edition) on 26 January 2021. The article reported in part that:
“THE MANILA International Airport Authority (MIAA) board has junked the appeal filed by Megawide Construction Corp. and its foreign partner GMR Infrastructure Ltd. seeking to overturn the revocation of its original proponent status (OPS) for the Ninoy Aquino International Airport (NAIA) rehabilitation.
‘I was not present in that meeting, but I was informed that Megawide’s motion for reconsideration was indeed denied by the MIAA board,’ Justice Secretary Menardo I. Guevarra, a member of the MIAA board of directors, told BusinessWorld in a phone message on Monday.
Sought for comment, Megawide said via Viber: ‘We respect the government’s decision on this matter."
We wish to confirm that the Board of Directors of the Manila International Airport Authority (“MIAA”) denied the Motion for Reconsideration of the consortium of Megawide Construction Corporation (“Megawide”) and GMR Infrastructure Ltd. (collectively, the “Consortium”), which sought to overturn the revocation of the Consortium’s original proponent status (“OPS”) for the rehabilitation of the Ninoy Aquino International Airport (“NAIA”).
The Consortium was formally informed of the said denial through a letter from the Corporate Secretary of the MIAA Board of Directors dated 25 January 2021.
While we believe that we have met all the requirements of the government to undertake the rehabilitation of NAIA, we respect their decision on this matter, and we are ready to move on to other projects of equal significance.
In the past six (6) months, since we began this process, Megawide has received overwhelming support from its partners and airport stakeholders, here and abroad. We are grateful to the business community and to every Filipino who believed in the vision of a First-World NAIA. Megawide will continue to pursue its mission to engineer a First-World Philippines and deliver infrastructure projects that will bring pride and open economic opportunities for the country.
We truly wish the government and other interested parties success in the transformation of NAIA. With its location at the heart of the capital region, it remains a vital airport for Metro Manila and the Philippines. We sincerely hope for its full rehabilitation for the benefit of Filipinos and the entire Philippine airport system.
We trust that the foregoing is sufficiently helpful to you. Please do not hesitate to call us should you have any further questions.
Megawide Construction CorporationMWIDE