Megawide kicks off P6B fundraising

After a slight delay, Megawide Construction Corp. is kicking off its P6 billion Series 6 preferred shares offering after receiving the permit to sell (PTS) from the Securities and Exchange Commission (SEC) on March 24, 2025.

- BY JAMES A. LOYOLA

“With the PTS, the company and the syndicate can commence with the public offer period, which will run from March 26 to April 4, 2025 and a targeted listing date on April 14, 2025,” Megawide said in a disclosure to the Philippine Stock Exchange (PSE).

PNB Capital and Investment Corp., RCBC Capital Corp., and Security Bank Capital Investment Corp. are the joint issue managers, joint lead underwriters, and joint bookrunners for the exercise.

The SEC said the tentative schedule for the offering was March 10 to 19, with the shares to be listed on the main board of the PSE on March 28.