Megawide Construction Corp. has generated P4.36 billion in fresh funds from its offering of preferred shares, which it would use to finance its infrastructure projects, including its planned rehabilitation of the Ninoy Aquino International Airport (NAIA).
In a disclosure on Friday, the listed engineering and infrastructure firm reported that offering of Series 2A and Series 2B preferred shares offering was nearly 1.5 times oversubscribed from the base offer of P3 billion.
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