Securities and Exchange Commission Sec Form 17-C
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C00500-2019 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER 1. Date of Report (Date of earliest event reported) Jan 29, 2019 2. SEC Identification Number 167423 3. BIR Tax Identification No. 000-477-103 4. Exact name of issuer as specified in its charter MEGAWORLD CORPORATION 5. Province, country or other jurisdiction of incorporation Metro Manila 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 30th Floor, Alliance Global Tower, 36th Street cor. 11th Avenue, Uptown Bonifacio, Taguig City Postal Code 1634 8. Issuer's telephone number, including area code (632) 894-6300/6400 9. Former name or former address, if changed since last report N/A 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 32,239,445,872 Preferred 6,000,000,000 11. Indicate the item numbers reported herein Item 9(b) The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Megaworld Corporation MEG PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules Subject of the Disclosure Press Release: MEGAWORLD ALLOCATES P65-B IN CAPITAL SPENDING FOR 2019 Background/Description of the Disclosure Please see attached Press Release. Other Relevant Information NONE Filed on behalf by: Name Dominic Isberto Designation Vice President SECURITIES AND EXCHANGE COMMISSIO SEC FORM 17 -C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2 (c) THEREUNDER BY' --+-·-------:_ Rf:CE:IV SUBJEC r TO REVIEW OF F-0 M AND CONTENTS 1. January 29, 2019 Date of Report 2. SEC Identification Number: 167423 3. SIR Tax Identification No: 000-477-103 4. MEGAWORLD CORPORATION Exact name of Issuer as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC Use Only) Industry Classification Code 7. 30th Floor, Alliance Global Tower 36th Street cor. 11th Avenue Uptown Bonifacio, Taguig City 1634 Address of principal office I 8. (632) 894-6300/6400 Issuer's telephone number, including area·code 9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Stock Outstanding Common 32,239,445,872 Preferred 6,000,000,000 Total 38,239,445,872 10. Item 9(b) Please see attached Press Release. SIGNATURE Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEGAWORLD CORPORATION Issuer By: ~rr--- FRANC~ CANUTO Senior Vice President and Corporate Information Officer • January 29 , 2019 MEGAWORLD ALLOCATES P65-B IN CAPITAL SPENDING FOR 2019 MANILA, Philippines, January 29, 2019 – Megaworld, the country’s leading developer of integrated urban townships, is allocating P65-billion in capital spending this year, mainly for residential, office and mall projects across its township developments as well as for land acquisition and investment properties. Eight percent (80%) of the capital expenditures (CAPEX) will be allocated for property developments across the company’s 23 townships across the country, while the remaining twenty percent (20%) will be used for land acquisition and investment properties. “We are ramping up our residential properties in our portfolio this year as we have seen a remarkable spike in residential demand across our townships, both in Metro Manila and in the provinces. Likewise, we remain focused on cementing our leadership in the office category by launching more office spaces, and we are looking into opening more lifestyle malls as we keep track of our goal towards P20-billion in rental revenues by next year,” says Kevin L. Tan, EVP and chief strategy officer, Megaworld. Megaworld is set to launch 28 new residential towers this year in its townships in key regional centers, particularly in The Mactan Newtown in Lapu-Lapu, Cebu; The Upper East in Bacolod; Iloilo Business Park in Mandurriao, Iloilo; Capital Town in the City of San Fernando, Pampanga; Maple Grove in General Trias, Cavite; Southwoods City in Biñan, Laguna; Boracay Newcoast in Boracay Island, Aklan; Twin Lakes in Batangas near Tagaytay; and Eastland Heights in Antipolo, Rizal; as well as in various parts of Metro Manila, particularly in Westside City in Parañaque City, McKinley Hill and McKinley West in Fort Bonifacio, Arcovia City in Pasig City, and Manhattan Garden City in Quezon City. These projects will generate around P90-billion in residential sales. The company is also expected to start the construction of five new office projects and complete some ongoing mall and commercial properties across the country. Five new office towers are expected to start construction in Uptown Bonifacio, Capital Town in San Fernando, Pampanga, and Westside City in Parañaque City, covering around 116,000 square meters in gross leasable spaces. Another five new office towers, on the other hand, are expected to be completed within the year in Uptown Bonifacio, Iloilo Business Park, Arcovia City and Pampanga, with total gross leasable area of around 189,000 square meters. Five commercial properties, on the other hand, are expected to be completed within the year in McKinley Hill in Fort Bonifacio, Arcovia City in Pasig City, and Davao Park District in Davao City. These will give an additional 9,000 square meters of gross leasable spaces in our commercial retail portfolio. “On our rental portfolio, we are allocating most of our CAPEX in the completion of new office and lifestyle mall developments across our townships,” adds Tan. By end-2019, Megaworld’s leasable properties are expected to climb to 2.14-million square meters, with office properties accounting for almost 60-percent. ### MEGAWORLD’S 30TH ANNIVERSARY. Megaworld celebrates its 30th year in the Philippine real estate industry. This year's theme, ‘Moments We Build’, takes a look back at the moments of the past three decades that made Megaworld into what it is today. At present, Megaworld has 23 integrated urban townships across the Philippines composed of around 700 residential towers, 60 office towers, 17 lifestyle malls, and 9 hotels in over 4,000 hectares of land across Luzon, Visayas and Mindanao. Visit https://www.megaworldcorp.com to find out how Megaworld is making each moment count in helping build the country's future. .