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PRESS RELEASE: MWIDE To Raise 3 Billion Preferred Shares with Oversubscription of up to 5 Billion to Fund Runway for Growth

Note: This is not a commentary but a press release from MWIDE. Accuretti Systems made an earlier commentary that MWIDE with 12.3 Billion current notes & loans payable may have to ask banks for accommodations. Metro Manila, Philippines – Diversified engineering and infrastructure conglomerateMegawide Construction Corporation (“the Company”) is raising fresh funds from the capitalContinue reading “PRESS RELEASE: MWIDE To Raise 3 Billion Preferred Shares with Oversubscription of up to 5 Billion to Fund Runway for Growth”

Megawide with 12.3 Billion current notes & loans payable may have to ask banks for accommodations

Megawide Construction Corporation’s (MWIDE) current notes and loans payable as of June 30, 2020 stood at 12.3 Billion Pesos. While, MWIDE’s cash balance as of that date stood at 4.8 Billion Pesos only. As of the first half of 2020, MWIDE was generating cash from operations. In that period it was able to generate 2.4Continue reading “Megawide with 12.3 Billion current notes & loans payable may have to ask banks for accommodations”

ATTENTION dividend investors – MWIDE to offer Perpetual Preferred Shares

Megawide Construction Corporation (MWIDE) has tapped RCBC Capital Corporation and PNB Capital as joint lead underwriters for the primary offer of series 2 non-voting perpetual preferred shares to raise 5 Billion Pesos. The dividend rate has yet to be set for the series 2 non-voting perpetual preferred shares. MWDE has outstanding preferred shares in theContinue reading “ATTENTION dividend investors – MWIDE to offer Perpetual Preferred Shares”