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)

Jul 12, 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	92,405,880

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 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Acquisition by Megawide Construction Corporation (the "Company") of 100% of the outstanding capital stock of PH1 World Developers Inc. ("PH1") from Citicore Holdings Investment Inc. (the "Transaction")
Background/Description of the Disclosure
On July 12, 2023, the Company and CHII executed a Share Purchase Agreement (the "Agreement") for the Company to acquire 100% of the outstanding capital stock of PH1 from CHII. Subject to fulfillment of the conditions precedent under the Agreement, at Closing Date: 1. CHII shall assign, convey, and transfer 579,457,844 common shares in PH1 to the Company ("PH1 Shares"); and 2. The Company shall pay CHII PhP5.2 Billion as the purchase price for the PH1 Shares.
Other Relevant Information
A majority of the board of directors of the Company approved the Transaction last July 4, 2023 while the stockholders representing 2/3 of the outstanding capital stock, approved the Transaction last July 12, 2023.