The Government Service Insurance System (GSIS) has built a 9.5 percent stake in Megawide Construction Corp., boosting its institutional support for the listed builder as it expands its infrastructure, housing, and transport projects.

The state pension fund said Wednesday it acquired 111.94 million Megawide shares through a series of block transactions, raising its holdings to 191.71 million common shares and becoming one of the company’s major local institutional investors.

Another vote of confidence

“The investment of GSIS reflects another vote of confidence in our vision of engineering a First-World Philippines, particularly through our participation in various government-initiated campaigns and public-private partnerships that aim to address critical social and transport infrastructure in the country,” Megawide Chairman and chief executive officer Edgar Saavedra said.

“Specifically, this includes our participation in the construction of socialized housing units under the expanded 4PH program using mechanized and modernized techniques anchored on the precast system.”

“In addition, we are also rolling out several transport-centric developments or TCDs that will modernize and organize public transport systems in the country, with the objective of enhancing safe and efficient travel and commuting,” Saavedra added.

Upgraded ‘4-D’ strategy

The investment comes as Megawide accelerates projects under its upgraded “4-D” strategy, which focuses on delivering earnings growth, reducing debt, advancing low-carbon construction and increasing shareholder returns.

In September 2025, state-run Pag-IBIG Fund, through the endorsement of the Department of Socialized Housing and Urban Development, partnered with Megawide to build more than 7,000 socialized housing units under the government’s expanded 4PH housing program.