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SC ruling ends debate on Danding SMC shares By Benjamin B. Pulta 06/22/2011

Wednesday, June 22, 2011

SC ruling ends debate on Danding SMC shares

By Benjamin B. Pulta 06/22/2011
The Supreme Court (SC) upheld with finality an earlier decision affirming businessman Eduardo Cojuangco Jr.’s ownership of the 20 per cent shares of outstanding capital stocks in Asian conglomerate San Miguel Corp. (SMC) that in turn ended debates on whether or not these came from the multi-billion-peso coconut levy funds.

In its ruling, the high court turned down all motions for reconsideration filed in connection with the case, and ordered that no further pleadings will be entertained and that an entry of judgment should be made in due course.

Denied were the motions filed by the Office of the Solicitor General (OSG) in behalf of the government, former Solicitor General Francisco Chavez, and a multi-sectoral group headed by former Senators Jovito Salonga and Wigberto Tañada..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110622hed5.html

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