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.
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The report, from BusinessWorld, said that the government lawyers insisted there was prima facie evidence to justify the seizure of the shares.
