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(AFX UK Focus) 2009-05-24 06:35 Manila's San Miguel board okays share swap plan (Interactive Investor)


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MANILA, May 24 (Reuters) - Philippine food and drinks giant San Miguel Corp said on Sunday its board approved a plan to give stockholders the option to swap their common shares with preferred shares following a shift in its business strategy. The conglomerate, which is slowly moving into power, utility and heavy industry to fuel future growth, is trying to appease some shareholders who have ......

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