Megaworld Corporation is a Philippines-based company. The Company is engaged in engaged in real estate development, leasing and marketing. The Company has three primary business segments: real estate sales of residential and office developments, leasing of office space, primarily to business process outsourcing (BPO) enterprises, and retail space, and management of hotel operations. Among its subsidiaries there are: Megaworld Land, Inc. which provides a leasing service to the Company by locating tenants for rental properties and coordinating relations with brokers primarily in relation to Eastwood Cyberpark; Prestige Hotels and Resorts, Inc. which owns and operates Richmonde Hotel located in Ortigas center; Mactan Oceanview Properties & Holdings, Inc. was organized to develop a resort property in Cebu; Eastwood Cyber One Corporation was set up as a special purpose entity to own and develop certain BPO rental properties located in Eastwood City Cyberpark.