PSE Circular for Brokers No. 2797-99

November 3, 1999 PSE CIRCULAR FOR BROKERS NO. 2797-99 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. October 29, 1999 Date of Report (Date of earliest event reported) 2. SEC Identification Number 167423 3. BIR Tax Identification Number 320-000-477-103 4. MEGAWORLD CORPORATION Exact name of registrant as specified in its charter 5. Metro Manila Province, country or other jurisdiction of incorporation 6. (SEC Use Only) Industry Classification Code: 7. 28th Floor, The World Centre 330 Sen. Gil J. Puyat Avenue Makati City, Philippines 1227 Address of principal office 8. (632) 867-8826 to 40 Registrant's telephone number, including area code 9. Securities registered pursuant to Sections 4 and 8 of the Revised Securities Act Title of Each Class Number of Shares of Stock Outstanding Common 5,444,455,313 10. Item 9(a)(1)(A) The Securities and Exchange Commission has approved the incorporation of Prestige Homes, Inc., a wholly-owned subsidiary of Megaworld Corporation with an initial paid-up capital of Five Hundred Million Pesos (P500,000,000.00). prcd SIGNATURE Pursuant to the requirements of the Revised Securities Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Very truly yours, MEGAWORLD CORPORATION By: (SGD.) FRANCISCO C. CANUTO Duly Authorized Signatory October 29 1999