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Megawide gets ₱9.4B payout
Manila Bulletin
|September 12, 2025
Saavedra-led Megawide Construction Corp. is firming up its bal-
ance sheet after parent company Citicore Holdings Investment Inc. (CHII) and sister company Citicore Power Inc. (CPI) paid back P9.4 billion for advances made by the engineering firm in 2016.
In a disclosure to the Philippine Stock Exchange (PSE), Megawide said it has signed separate agreements for the settlement of advances, with CHII paying 24.69 billion and CPI accounting for P4.73 billion—both figures inclusive of the principal amount and interest income accrued.
This story is from the September 12, 2025 edition of Manila Bulletin.
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