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Wednesday, July 6, 2011

Stock News 2011: Megawide targets P5-B contracts, infrastructure

Images, from top, left to right: Eastwood City...Image via Wikipedia
High-rise builder Megawide Construction Corporation is priming for more growth with negotiations for P5 billion worth of contracts in the second half while looking to bid for infrastructure projects worth P1 billion to P5 billion each.

In an interview after the firm’s annual stockholders’ meeting, Megawide president Edgar Saavedra said they are talking to two major developers and two smaller property firms with the hope of bagging new contracts.

He said they expect to complete negotiations for at least one of the five targeted projects and make an announcement in about two weeks.

Megawide chairman Michael Cosiquien disclosed that these projects are in Makati, Quezon City and Manila adding that these projects are for the mid to high end segments of the market.

http://mb.com.ph/node/325586/megawide-target


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