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)
Nov 17, 2023
2. SEC Identification Number
167423
3. BIR Tax Identification No.
000-477-103
4. Exact name of issuer as specified in its charter
MEGAWORLD CORPORATION
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
30th Floor, Alliance Global Tower, 36th Street cor. 11th Avenue, Uptown Bonifacio, Taguig City, PhilippinesPostal Code1634
8. Issuer's telephone number, including area code
(632) 8894-6300/6400
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
31,183,251,872
Preferred
6,000,000,000
11. Indicate the item numbers reported herein
Item 9(b)
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.
Megaworld CorporationMEG
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 on news articles posted in Bilyonaryo.com
Source
Bilyonaryo.com
Subject of News Report
“Legal battle heats up as freeze order hits Andrew Tan’s Megaworld and 10 banks in Datem dispute over nearly P1B dues”
Date of Publication
Nov 16, 2023
Clarification of News Report
We reply to your request for clarification on the news article entitled “Legal battle heats up as freeze order hits Andrew Tan’s Megaworld and 10 banks in Datem dispute over nearly P1B dues” posted in Bilyonaryo.com on November 16, 2023.
Further to our earlier clarification, Megaworld Corporation (“Megaworld”) would like to advise the Exchange that it only learned on 16 November 2023 from the Bilyonaryo.com article that notices of garnishment were supposedly served on several banks of Megaworld pursuant to a Writ of Preliminary Attachment (“WPA”). However, Megaworld has not received any formal notice on the service thereof.
Nonetheless, as earlier emphasized, Megaworld is prepared to immediately avail of remedies to lift the WPA and any such notices of garnishment, including by immediately posting a counter-bond, without prejudice to availing other remedies to challenge the propriety of the said WPA.
Megaworld reiterates that the WPA and the notices of garnishment do not entail the cessation of any of Megaworld’s business operations, including with respect to the projects identified in the article.
We trust that we have clarified the above-mentioned news article to your satisfaction.