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Jan 4, 2018 @ 21:01

SSS now owns 5.17% of Megawide


The Social Security System has acquired a 5.17 percent stake in Megawide Construction Corp.

The state pension fund has formally informed securities regulators that it now owns o 110.53 million shares in Megawide.

SSS acquired bulk of the shares from Megawide Corp. chairman Edgar Saavedra.

Megawide earlier disclosed it has given SSS a board representation in its seven-member board.

It is one of the country’s leading engineering and infrastructure developers with a portfolio in engineering procurement construction, airport infrastructure, progressive property development and renewable energy.

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