Chinese-owned SPC bids $93m for petrol kiosk site in Bukit Batok

An SPC petrol station along Upper Thomson Road. SPC has 38 stations across the island, the same number as when PetroChina took over the company a decade ago.
An SPC petrol station along Upper Thomson Road. SPC has 38 stations across the island, the same number as when PetroChina took over the company a decade ago.ST PHOTO: KUA CHEE SIONG

SINGAPORE - Fuel retailer Singapore Petroleum Co (SPC) has put in a bid of $92.7 million for a petrol station site here - an all-time high - signalling the China-owned entity's ambition to grow its presence here.

SPC, which has just dropped its "leaping lion" logo for owner PetroChina's flower emblem, beat the second-highest bidder - American oil giant Chevron - by 20 per cent.

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