Megawide Construction Corp. raised P5.3 billion from its preferred shares offering, with proceeds set to help fund its expansion into affordable and socialized housing developments outside Metro Manila.
Tycoon Edgar Saavedra’s Megawide Construction Corp. booked a profit of P183.4 million during the first quarter of the year, reversing losses of P7.4 million.
Strong construction and real estate sales helped tycoon Edgar Saavedra’s Megawide Construction Corp. post a turnaround in 2023 amid its gradual exit from the airport business.