The Philippine government is trying to get back its stake in San Miguel, according to reports.
Government lawyers have asked the anti-graft court to restore the seizure orders lifted in September that covers a 20% stake in San Miguel Corp. A ruling was issued on 17 September that scrapped nine seizure orders on San Miguel shares which were registered to Chairman Eduardo Cojuangco and his companies.
The report, from BusinessWorld, said that the government lawyers insisted there was prima facie evidence to justify the seizure of the shares.
