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 21, 2025
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069-000
4. Exact name of issuer as specified in its charter
N/A
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
117,405,880
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 of the News Article entitled “Megawide sets P1.8B for 2025 capex” posted in Business World Online on January 21, 2025.
Source
Business World Online
Subject of News Report
Megawide sets P1.8B for 2025 capex
Date of Publication
Jan 21, 2025
Clarification of News Report
We write with respect to the attached news article entitled “Megawide sets P1.8B for 2025 capex” posted in BusinessWorld (Online Edition), wherein it was reported in part that:
“MEGAWIDE Construction Corp. is earmarking P1.8 billion for its capital expenditure (capex) budget this year to support growth in its real estate and construction businesses, its president said.
“About P1.8 billion. Half will be real estate-related, and half will be in construction and transport,” Megawide President and Chief Executive Officer Edgar B. Saavedra told reporters last week. . . . .”
We confirm that the Company has earmarked an estimated P1.8 billion for capital expenditure this year, specifically for ongoing projects in the real estate subsidiary PH1 World Developers, Inc. and for Phase 1 of the Cavite BRT project, as well as construction contracts under bidding.