The Philippines government has reportedly decided to indefinitely postpone the sale of its 27% stake in San Miguel Corporation (SMC) until all legal issues concerning SMC ownership have been resolved….
The Philippines government has reportedly decided to indefinitely postpone the sale of its 27% stake in San Miguel Corporation (SMC) until all legal issues concerning SMC ownership have been resolved. For the same reason, the Department of Finance has put off its decision to choose the underwriter who will take charge of the sale. The courts have also put on hold their decision to lift the sequestration order of government shares in SMC.