PHILSTAR: Supreme Court upholds ruling affirming 24% government shares in SMC - The SC has upheld down in January affirming government's re-conveyance of the 24-percent shares in San Miguel Corp. (SMC) acquired through the coconut levy and registered under the names of the Coconut Industry Investment Fund (CIIF) and its holding companies. The decision, however, was not immediately made available to media yesterday as the office of CJ Ma. Lourdes Sereno refused to release it, even three weeks after its promulgation last sept 6.
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