FORMER San Miguel Corporation (SMC) head honcho Eduardo “Danding” Cojuangco Jr. underwent a successful kidney transplant on Monday at the St. Luke’s Medical Center in Taguig City.
Cojuangco entered the surgery room at around 7 a.m.
Hours later, Pangasinan Rep. Kimi Cojuangco posted a message on Twitter saying that the process has been successful.
“I’m very happy. My father-in-law is now back in his hospital room after a successful kidney transplant,” she said.
Cojuangco, 78, was chairman and chief executive officer of SMC until he sold his stake last year. He founded the Nationalist People’s Coalition (NPC), one of the biggest political parties in the country today.
In July 1983, he bought a 47 percent stake in San Miguel Corp., using coconut levy funds collected from farmers.
His shares however were sequestered by the Presidential Commission on Good Government (PCGG), the very first agency created by the late president Corazon Aquino tasked to run after ill-gotten wealth of the former dictator and his cronies.
The Supreme Court declared the coconut levy used to buy SMC shares to be public funds.