Top Line Business Development Corp. (TOP) announced a series of strategic initiatives, including a total investment of Php385 million into its key subsidiaries, Topline Logistics and Development Corp., and Light Fuels Corporation, following a special meeting of its Board of Directors held on October 8, 2025.
These investments underscore TOP’s commitment to driving robust growth and expanding its operations in vital sectors contributing to the economic development of Cebu and the Philippines.
TOP’s Board of Directors approved two significant capital investments aimed at boosting operational capacity and network expansion:
Topline Logistics and Development Corp.: An additional investment of Php185.6 million was approved. This funding is specifically designated to support the subsidiary’s operational expansion, particularly in its import activities, following the issuance of its Certificate of Registration from the Bureau of Customs. TOP will maintain its 75% ownership stake in the logistics firm.
Light Fuels Corporation: An investment of Php199.4 million was approved for an increase in the subsidiary’s authorized capital stock. This capital infusion is intended to strengthen Light Fuels Corporation’s financial position and accelerate its retail network expansion program. TOP will maintain its substantial 99.75% ownership.
Major Corporate Restructuring and Stockholders’ Meeting
In addition to the financial commitments, the Board of Directors approved a significant corporate restructuring action:
Share Reclassification: The board approved the reclassification of 800 million common shares to preferred shares. This pivotal decision will be accompanied by the necessary amendments to the company’s Articles of Incorporation to reflect the change.
Special Stockholders’ Meeting: To secure approval for the aforementioned amendments and related corporate actions, the Board approved the calling of a special stockholders’ meeting, which is scheduled to take place on December 2, 2025.
These strategic actions reflect TOP’s confidence in the future performance of its operating subsidiaries and its commitment to optimizing its capital structure to deliver sustained value to its stakeholders.
