ON the eve of the bidding process for the sale of 97.55 percent of shares in UCPB Savings Bank Inc., the Confederation of Coconut Farmers Organizations of the Philippines (Confed) served notice to the Land Bank of the Philippines (LandBank), the present holder of those shares, that they will not cease to claim true and beneficial ownership of all coconut levy assets, "including but not limited to the UCPB Savings Bank Inc."

The legal claim was expressed in a formal letter of Confed to LandBank.

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