C00165-2024 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,013,409,717 | |
Preferred | 101,405,880 |
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Subject of the Disclosure |
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CIAC Renders Decision in CIAC Case 02-2023 between Megawide Construction Corporation and ACI Inc. |
Background/Description of the Disclosure |
On 11 January 2024, Megawide Construction Corporation (the “Company”) received a decision dated 11 January 2024 (the "Decision") rendered by the Construction Industry Arbitration Commission (“CIAC”) Arbitral Tribunal for CIAC Case 02-2023 under which Respondent ACI Inc. was ordered to pay the Company the total amount of ONE HUNDRED EIGHTY MILLION TWO HUNDRED FORTY FOUR THOUSAND FORTY THREE PESOS AND FIFTY CENTAVOS (PhP180,244,043.50) with six percent (6%) interest per annum from the date of this Final Award until fully paid. |
Other Relevant Information |
None. |
Name | Teodulo Antonio San Juan |
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Designation | Corporate Secretary |