C05118-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 10,742,193,000 |
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Subject of the Disclosure |
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Material Item Approved by the Board of Directors of Top Line Business Development Corp. ("TOP") |
Background/Description of the Disclosure |
During the Special Meeting of the Board of Directors of Top Line Business Development Corp. ("TOP") held on July 16, 2025, the Board of TOP unanimously approved the acquisition by Light Fuels Corporation ("LFC"), a subsidiary owned 99.75% by TOP, the gasoline station of Phoenix Petroleum Philippines, Inc. (“PNX”) located in Cebu, Philippines, including its fixtures, machinery and equipment, and leasehold rights. The Board has authorized LFC and TOP President and CEO, Mr. Eugene Erik C. Lapasaran Lim to sign the Asset Purchase Agreement with PNX. |
Other Relevant Information |
None. |
Name | Tara Tsarina Perez-Retuya |
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Designation | Chief Compliance Officer |