<\/p>\n
MEGAWIDE Construction Corp. has redeemed its maturing P1.5-billion preferred shares to enhance its capital structure and reduce funding costs.<\/span><\/p>\n \u201cWe proceed to enhance our capital structure to bring down our cost of funding and generate money savings. The redemption of Series 5 is a step on this direction as we plan to trim our preferred shares to a more comfortable level of around P4.0 billion within the medium term,\u201d Megawide Chairman and Chief Executive Officer Edgar B. Saavedra said in a media release on Monday.<\/p>\n In a separate regulatory filing, Megawide said its board approved on March 12 the redemption of its Series 5 preferred shares on April 17, three years after their listing in 2021.<\/span><\/p>\n The corporate said it has taken advantage of strong investor interest by actively participating within the capital markets through the years, leading to P8.2 billion price of preferred shares.<\/p>\n \u201cDespite the continued war within the Middle East, we expect a robust performance this yr \u2014 especially in the true estate and social infrastructure development space anchored on the federal government\u2019s socialized housing program under the expanded 4PH,\u201d he said.<\/p>\n For 2025, the corporate\u2019s order book reached P50 billion, up 50% from 2024, driven mainly by residential project contracts.<\/p>\n The corporate said the order book represents about three to 4 years\u2019 price of revenue and serves as an indicator of its construction segment\u2019s performance.<\/p>\n Megawide said residential projects accounted for 35% of the full order book, followed by office and industrial projects at 28%, expanded Pambansang Pabahay Para sa Pilipino (4PH) projects at 23%, and infrastructure at 15%.<\/p>\n The corporate said its order book will translate into construction-related revenues in the following two to 3 years.<\/p>\n \u201cBut we proceed to be vigilant and agile to be sure that our growth prospects remain intact while maintaining a tally of opportunities which will arise amid the crisis,\u201d Mr. Saavedra said.<\/span><\/p>\n On the local bourse on Monday, shares in the corporate fell by three centavos, or 1.02%, to shut at P2.92 each. \u2014 Ashley Erika O. Jose<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" MEGAWIDE.COM MEGAWIDE Construction Corp. has redeemed its maturing P1.5-billion preferred shares to enhance its capital structure and reduce funding costs. \u201cWe proceed to enhance our capital structure to bring down our cost of funding and generate money savings. The redemption of Series 5 is a step on this direction as we plan to trim our […]<\/p>\n","protected":false},"author":1,"featured_media":322301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1345,3009,3483,19109,38013,19800,33854,1388],"class_list":["post-322300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-costs","tag-cut","tag-funding","tag-megawide","tag-p1-5b","tag-preferred","tag-redeems","tag-shares"],"aioseo_notices":[{"message":"The permalink for this post just changed! This could result in 404 errors for your site visitors.","status":"warning","options":{"id":"0a2ae5f84bc2c0423042ed7ec22d2e40","isDismissible":true,"actions":[{"url":"https:\/\/ebiztoday.news\/wp-admin\/admin.php?page=aioseo-redirects","label":"Add Redirect to improve SEO","class":"aioseo-redirects-slug-changed"}]},"allowedContexts":["posts"]}],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/322300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=322300"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/322300\/revisions"}],"predecessor-version":[{"id":322303,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/322300\/revisions\/322303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/322301"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=322300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=322300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=322300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}