C07261-2023

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)
Oct 3, 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
1

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 NEWS ARTICLE
Source Malaya Business Insight (Online Edition)
Subject of News Report PH1 eyes P11B sales from 2 projects
Date of Publication Oct 3, 2023
Clarification of News Report

We write with respect to the news articles posted in various online sites. In the attached news article entitled “PH1 eyes P11B sales from 2 projects” posted in Malaya Business Insight (Online Edition) on October 3, 2023, the article reported in part that:

“PH1 World Developers Inc. said it looks to realize P11 billion in sales in two projects which will ‘disrupt’ the horizontal and vertical property developments in Greater Manila Area.

A unit of construction firm Megawide Construction Corp., PH1 has unveiled the 337-unit Northscapes San Jose Del Monte (SJDM), Bulacan, the developer’s initial foray into horizontal development.

PH1 eyes to generate sales of P1.9 billion in the project that is being developed under PH1 subsidiary PH1WD Landscapes. Units in two- and three-bedroom configurations — are priced between P3 million and P8 million.

....

Tan said PH1WD Landscapes is also looking at developments in Trece Martires, Cavite and in the Visayas, particularly in Cebu.

Meanwhile, PH1 is looking to generate sales of P8.7 billion from its Modan Lofts Ortigas Hills, PH1WD’s high-rise development that promises to offer ‘extra space at no extra cost’ to buyers.

...."

Please be informed that we confirm the information contained in the news article, specifically the estimated close to P11 billion sales value from The Modan Lofts Ortigas Hills (valued at P8.7 billion) and Northscapes San Jose del Monte Bulacan (valued at P1.9 billion). PH1WD Landscapes is also looking at other areas, including high growth centers in Luzon and the Visayas, for its expansion program that are still under evaluation.

As discussed in the Company’s 1st Half 2023 Financial and Operating Results Briefing to Analysts – a copy of the recording was furnished the PSE under the PSE Star Program – the said developments and plans under newly acquired PH1WD are expected to enhance Megawide’s shareholder value creation over the long-term.
Other Relevant Information

None.
Filed on behalf by:
Name Teodulo Antonio San Juan
Designation Corporate Secretary