MEGAWORLD CORPORATION (formerly Megaworld Properties & Holdings, Inc.) (MEG) Profile

Megaworld Corporation was founded by Andrew Tan and incorporated on August 24,1989 under the name of Megaworld Properties & Holdings, Inc. The Company wasprimarily organized to engage in real estate development, leasing and marketing. In1994, it spun off Empire East Land Holdings, Inc. which focused on the middle incomemarket. On August 19, 1999, the Company changed its name to Megaworld Corporationto coincide with its conversion from a purely real estate company into a holdingcompany, although MEG continues to focus on its core competence in real estatedevelopment.The Company is primarily engaged in the development in Metro Manila of large-scalemixed-use planned communities or townships that integrate residential, commercial,educational, leisure and entertainment components. In addition, MEG engages in otherproperty-related activities such as project design, construction and propertymanagement. MEG's real estate portfolio includes residential condominium units,subdivision lots and townhouses, as well as office projects and retail space. TheCompany's property development projects include Eastwood City, Forbes Town Center,McKinley Hill, Newport City, Manhattan Garden City, Cityplace, Bonifacio Uptown, andMcKinley West.MEG's subsidiaries include Megaworld Land, Inc., Richmonde Hotel Group InternationalLimited, Prestige Hotels and Resorts, Inc., Eastwood Cyber One Corporation and ForbesTown Properties and Holdings, Inc., among others. The Company has numerousassociates namely the Empire East Land Holdings, Inc., Suntrust Home Developers, Inc.,Palm Tree Holdings and Development Corporation, Gilmore Property MarketingAssociates, Inc., Alliance Global Properties Ltd., and Travellers International HotelGroup, Inc.
http://www.megaworldcorp.com