News

Megawide Declares Stock Dividend

Manila—(PHStocks)—The stockholders and Board of Directors of Megawide Construction Corp. (PSE: MWIDE) approved the declaration of 750,000,000 common shares of stock dividend, with a par value of PhP1.00 or an aggregate value of PhP750,000,000.00 to be taken from the unrestricted retained earnings of Megawide as of December 31, 2013.

The stock dividend will constitute the minimum subscription and paid-up requirement to the increase of the authorized capital stock of Megawide. The Securities and Exchange Commission (SEC) approved the setting of the record date, 22 October 2014 and payment date, 17 November 2014.

The stock dividend rate is 45.47%.

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