SAAVEDRA-LED developer Megawide Construction Corp. said on Wednesday that its parent firm Citicore Holdings Investment Inc. was investing P16 million in the firm by subscribing to its increased authorized capital stock.
In a disclosure, Megawide said Citicore formally subscribed to at least 25 percent of the increase in the company's authorized capital stock, equivalent to P16 million, through the execution of a subscription agreement dated Jan. 7, 2025.