BRIEF-Megaworld Corp Says Board Approved Subscription To 1.82 Bln Unissued Meg Common Shares

Aug 13 (Reuters) - Megaworld Corp:

* BOARD APPROVED SUBSCRIPTION TO 1.82 BILLION UNISSUED MEG COMMON SHARES BY CERTAIN HOLDERS OF $200 MILLION 5.375% SENIOR PERPETUAL SECURITIES

* SHARES AT A SUBSCRIPTION PRICE OF 5.70 PESOS PER SHARE, Source text for Eikon: Further company coverage: