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) Jun 3, 20222. SEC Identification Number 1674233. BIR Tax Identification No. 000-477-1034. Exact name of issuer as specified in its charter MEGAWORLD CORPORATION5. Province, country or other jurisdiction of incorporation Metro Manila, Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 30th Floor, Alliance Global Tower, 36th Street cor. 11th Avenue, Uptown Bonifacio, Taguig City Postal Code16348. Issuer's telephone number, including area code (632) 8894-6300/64009. Former name or former address, if changed since last report N/A10. 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
31,718,050,872
Preferred
6,000,000,000
11. Indicate the item numbers reported herein Item 9(b)
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.
Megaworld CorporationMEG
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
MEGAWORLD SETS P50-B CAPEX, TO LAUNCH FOUR TOWNSHIPS THIS YEAR
Background/Description of the Disclosure
Megaworld Corporation ("MEG") is allocating P50-billion for capital spending this year, 39% higher than last year.
Around 75% will be spent for real estate developments, particularly on the construction of new residential properties and land development of townships, while 25% will be used for investment properties and land banking.
Last year, actual capital spending reached around P38-billion, almost 6% higher than the programmed spending as eased restrictions allowed the resumption of construction activities during the period.
Alongside a higher CAPEX this year, MEG is also launching four (4) additional townships across the country: one in Metro Manila, two in CALABARZON, and another one in Mindanao. These new townships will cover around 500 hectares of land, which will be injected into MEG's existing land bank of around 4,500 hectares.
Currently, MEG has 28 integrated urban townships, integrated lifestyle communities, and lifestyle estates in around 30 cities across the country.
Other Relevant Information
None
Filed on behalf by:
Name
Anna Michelle Llovido
Designation
Corporate Secretary
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Megaworld Corporation published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2022 23:51:22 UTC.
Megaworld Corp is a Philippines-based company engaged in property-related activities, such as project design, construction, and property management. The Companyâs real estate portfolio includes residential condominium units, subdivision lots and townhouses, condominium-hotel projects as well as office projects and retail spaces. The Companyâs segments include Real Estate, Rental, Hotel Operations and Corporate and Others. The Real Estate segment pertains to the development and sale of residential and office developments. The Rental segment includes leasing of office and commercial spaces. The Hotel Operations segment relates to the management of hotel business operations. The Companyâs subsidiaries include Prestige Hotels and Resorts, Inc. (PHRI), Richmonde Hotel Group International Ltd. (RHGI), Eastwood Cyber One Corporation, Megaworld Cebu Properties, Inc., Megaworld Newport Property Holdings, Inc., Oceantown Properties, Inc. (OPI) and Luxury Global Hotels and Leisure, Inc. (LGHLI).