The Board of Directors of listed fuel distributor and retailer Top Line Business Development Corp. (“TOP” or the “Company”) has approved the Company’s plan to establish a wholly owned subsidiary in Singapore that will operate as a trading house to facilitate fuel importation, in line with its long-term vertical integration strategy.
The proposed Singapore-based entity will serve as TOP’s international trading arm, enabling the Company to directly engage with global fuel suppliers and optimize procurement arrangements as it scales its importation activities.
“This initiative is a strategic step toward our long-term vertical integration strategy by optimizing our end-to-end supply chain. By establishing a trading presence in Singapore, we enhance our fuel supply reliability and efficiently structure our costs. Over time, this is expected to contribute to better margins and more efficient fuel sourcing across our network,” Atty. Constance Marie C. Lim, First Vice President and Chief Financial Officer.
The creation of a trading house in Singapore follows the recent grant of a Certificate of Registration by the Bureau of Customs to Topline Logistics and Development Corp. (TLDC), TOP’s logistics subsidiary, authorizing it to undertake fuel importation activities.
Singapore serves as Asia’s largest oil trading hub, functioning as a critical gateway between Middle Eastern producers and Southeast Asian demand markets. Establishing a presence in the city-state positions TOP closer to key market participants, trading platforms, and pricing benchmarks.
