Megawide IPO Set for Friday

Megawide Construction Corp. has announced that the listing of 857,000,002 common shares for its Initial Public Offering (IPO) has been approved by the Philippine Stock Exchange and is set for Friday, February 18, 2011. The initial listing is composed of 565,000,002 common shares representing the total number of issued and outstanding shares of the company prior to the IPO of the company’s shares, and 292,000,000 common shares representing the total number of shares offered to the public on a primary basis at an Offer Price of ₱7.84 per share.

The trading symbol of Megawide will be “MWIDE”, placed under the “Industrial” sector and “Construction, Infrastructure & Allied Services” subsector.