SMPFISequential Multi-Port Fuel Injection
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Shareholders also approved the hike in SMPFI's authorized capital stock to P12 billion divided into 11.6 billion common shares with a par value of P1 per share and 40 million preferred shares with a par value of P10 per share.
SMC is consolidating its food and beverage businesses into SMPFI which will be renamed San Miguel Food and Beverage Inc.