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)

Apr 17, 2023

2. SEC Identification Number

CS200411461

3. BIR Tax Identification No.

232-715-069

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 City Postal Code 1112

8. Issuer's telephone number, including area code

(02) 8655-1111

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	2,013,409,717
Preferred	118,626,010

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
ACI, Inc.'s (formerly, Araneta Center, Inc.)'s permissive counterclaim to Megawide Construction Corporation's (the "Company") complaint under CIAC Case No. 02-2023.
Background/Description of the Disclosure
ACI, Inc. (formerly, Araneta Center, Inc.) filed a permissive counterclaim to the complaint dated 10 January 2023 filed by the Company docketed as CIAC Case No. 02-2023. The permissive counterclaim is founded on the alleged violations relative to the Construction Contract dated 13 September 2019 for the general construction of Gateway Mall (“GM”) 2 and Ibis Hotel in Quezon City (the “Project”) between ACI, Inc. and the Company. The Contract Price for the Project is Four Billion Two Hundred Fifty Million Pesos (Php 4,250,000,000.00). The aggregate of the claims prayed for by ACI in its permissive counterclaim amounts to One Billion Five Hundred Twenty-Seven Million Two Hundred Seventy-Nine Thousand Two Hundred Forty-One Pesos (PhP1,527,279,241.00). MCC intends to file, within the allowed period, an opposition/objection to ACI, Inc.’s permissive counterclaims for due consideration of the CIAC Arbitration panel. The permissive counterclaims will not have a significant impact as far as the operations of the Company is concerned.
Other Relevant Information
None.