Megaworld Corp. Plans to Buy Back Up to P2 Billion Worth of Shares
MANILA, Philippines — Megaworld Corp. intends to buy back up to P2 billion worth of its shares in hopes of raising the value of its stock as it continues to pursue township expansion, its main income driver.
In a regulatory filing on Thursday, the developer led by billionaire Andrew Tan said its board of directors approved the plan to repurchase shares. This move aims to bolster investor confidence and support the company’s growth initiatives.
Megaworld’s focus on township development remains central to its business strategy, and the share buyback is seen as a step to enhance shareholder value amid ongoing expansion efforts.
https://business.inquirer.net/549237/megaworld-moves-to-jack-up-shares-with-p2-b-buyback
