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