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Megawide Construction Corp. on Tuesday said it posted a consolidated net income of P362.61 million in the first half, a reversal of last year’s P441.14-million net loss. Continuing operations, which reflected the same amount as the consolidated net income, was also an improvement from the P347.5 million last year, the…
MEGAWIDE Construction Corp.'s shareholders have approved the acquisition of real estate developer PH1 World Developers Inc. (PH1) from Citicore Holdings Investments Inc.
Megawide Construction Corporation is entering the real estate development sector with the acquisition of a property developer.
Megawide Construction buys property firm for P5.2 billion
Shareholders of Megawide Construction Corp. on Wednesday approved the acquisition of its affiliate PH1 World Developers Inc. from its parent firm Citicore Holdings Investments Inc. Megawide will acquire PH1 World Developers for P5.2 billion. Megawide Chairman Edgar Saavedra said the acquisition of PH1 World Developers will position the company in…