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SC orders entry of judgment in coco levy case
2014-12-10 11:23:33| Beverages - Topix.net
The Supreme Court has directed that an entry of judgment be made on the case involving the 24-percent block of sequestered shares in San Miguel Corporation acquired using coco levy funds during the martial law years. The decision stamped the final seal on the ruling that the shares, bought using coconut levy funds and registered in the names of the Coconut Industry Investment Fund , dubbed "CIIF block" of SMC shares, are owned by government and to be used exclusively for the benefit of coconut farmers and the development of the local coconut industry.
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