News
ANDREW TAN in touch with realty
Towering icon Andrew Tan: “I want people to remember me as a man who helped transform the urban landscape — and people’s lives — for the better.”... read more
PGMA tours Resorts World Manila
President Gloria Macapagal Arroyo checks a scale model of Resorts World Manila, the country’s new first-class tourism facility in Newport City across NAIA Terminal 3, during her visit November 25. Joining the President at Marriott Hotel Manila for the tour are Bohol District 1 Representative Edgar Chatto (second from left), Tourism Secretary Ace Durano (second from right), Alliance Global Group Inc. (AGI) Chairman Andrew Tan (right) and AGI president Kingson Sian.
Business Excellence
President Arroyo acknowledges cheers for Megaworld Chairman & CEO Andrew Tan after presenting him the BizNewsAsia Business Excellence Award. According to the business magazine, Tan “demonstrates overall management excellence and consistently delivers quality products and services in real estate, call center development, townships with live, work and play concept; food and beverage under his Alliance Global holding company and Megaworld Corporation.”
Megaworld Buys 54.5-Hectare Old Iloilo Airport
Megaworld Corporation has signed a Sale and Purchase Agreement with the Government of the Republic of the Philippines for the purchase of the 54.5-hectare Old Iloilo airport situated in Mandurriao, Iloilo City, for the purchase price of one billion two hundred million pesos in cash.
Megaworld Speed Up Construction Of Global One Center And Eastwood LeGrand
Megaworld Corporation continues to position Eastwood City in Libis, Quezon City, as the premiere residential and business process outsourcing (BPO) enclave in the country as it speeds up construction of two more towers in the area—the Global One Center and the Eastwood LeGrand.
Megaworld Bids 54.5-Hectare Old Iloilo Airport
Megaworld Corporation has submitted to the Department of Finance a firm offer to purchase the 54.5-hectare Old Iloilo airport in Mandurriao, Iloilo City, for one billion two hundred million pesos in cash.
Megaworld Issues Series A preferred Shares
The Securities and Exchange Commission has acknowledged the filing of the Certificate of Adoption of the Enabling Resolution passed by the Board of Directors of Megaworld Corporation on July 18, 2007, authorizing the issuance to Alliance Global Group, Inc. of 6,000,000,000 voting, cumulative, non-participating, non-convertible and non-redeemable Series “A” Preferred Shares (the “Shares”) worth Php60 Million, and has declared that the Enabling Resolution shall form part of the Company’s Articles of Incorporation. After issuance of the Shares to Alliance Global Group, Inc., Megaworld Corporation now has 26,641,646,901 shares consisting of 20,641,646,901 common shares with par value of One Peso (Php1.00) per share and 6,000,000,000 preferred shares with par value of One Centavo (Php0.01) per share. Out of the 26,641,646,901 outstanding shares, 18,397,010,967 shares representing 69.05% are owned by Filipino citizens while 8,244,635,934 shares representing 30.95% are owned by foreign nationals.
Megaworld To Subscribe Empire East Preferred Shares
Megaworld Corporation (the “Company”) will subscribe to 1,714,276,920 Series “D” Preferred Shares of Empire East Land Holdings, Inc. (the “Issuer”) at the subscription price equivalent to their par value of One Peso (Php1.00) per share.
Megaworld Enters Into New Joint Development Agreement For Legaspi Village Project
The Board of Directors of Megaworld Corporation (the “Company”) has authorized the Company to enter into a Joint Development Agreement (the “Agreement”) with CPJ Building Condominium Corporation, CP Equities Corporation and CP Realty Corporation (the “CP Group”) for the re-development of a property located at Palanca St., Legaspi Village, Makati City (the “Property”), into a condominium project that will primarily be for residential use. Under the Agreement, the CP Group will contribute the Property while the Company shall be responsible for the planning, conceptualization, design, construction, financing and marketing of the proposed condominium project.
