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Dennis Uy's Phoenix Selling Cebu Gas Station to Top Line
The Philippine Star
|July 18, 2025
Phoenix Petroleum Philippines Inc. of Davao-based businessman Dennis Uy is offloading its Cebu gasoline station to newly listed Top Line Business Development Corp.
In a regulatory filing yesterday, Top Line said its board of directors approved the acquisition of the Phoenix station, including its fixtures, leasehold rights, machinery and equipment.
The transaction is being executed through Top Line subsidiary Light Fuels Corp., and group chairman, president and CEO Eugene Erik Lim has been authorized to sign the asset purchase agreement with Phoenix.
Financial details of the deal, however, were not immediately made available.
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