Megawide Construction Corp. has set the final dividend rate of 7.9042 percent for 15 million series 5 preferred shares that the listed general construction company with government contracts will offer to investor.
The offer price has been set at P100 for each preferred shares, raising for Megawide a total P1.5 billion.
Megawide will start to offer the preferred shares between March 28 to April 4. The preferred share are tentatively scheduled for listing on the Philippine Stock Exchange on April 17.
The preferred shares issue will be managed by RCBC Capital Corp.
