San Miguel Corporation (SMC) reiterated that it has yet to receive any offer or proposal for the sale of its shares in either Manila Electric Company (Meralco) or San Miguel Brewery Inc.

In a disclosure to the Philippine Stock Exchange (PSE) Monday, SMC confirmed the statement of its chairman Eduardo M. Cojuangco, Jr. that the firm is open to selling its investments in Meralco and SMB.

During an interview after San Miguel Pure Foods Corporation’s annual stockholders’ meeting last week, Cojuangco told reporters that “everything we have, at the right price, can be bought.”

SMC also confirmed plans of acquiring another coal mine in line with its investments in mining, infrastructure and power generation.

This comes after the firm bought a coal mine in Daguma, Sultan Kudarat.