~ OUR STORY

KB Holdings Limited acquired Golden Sunway Hong Kong in October 2018 and Distinction Oil Trading Singapore in August 2019, thus facilitating our KB Group to have footprints for its oil trading activities in East and South Asia.

Golden Sunway Limited, set up in 2014 in Hong Kong, was founded by a successful entrepreneur who has accumulated over 20 years of vast experience in the oil gas trading business in Hong Kong/Taiwan. He played a crucial part in shaping the business which is currently generating revenue of about USD 500 million per year. His strong relationship with bankers, customers and suppliers was an excellent accelerator for our growing business.


Distinction Oil Trading (Pte.) Limited set up in 2018 in Singapore, is managed by a team of senior professionals from the industry of oil trading and oil trade finance, each with about 40 years of international experience in Asia, Middle East and Europe. The figurehead of this company is the director Mr. Charles Pierre Maulino who is also a director of Golden Sunway Limited.

To grow our company steadily and rapidly to become one of the leading oil trading companies in Asia in the next few years.
We will expand our business strategically in South East Asia and will penetrate the markets in Europe and USA.
~ OUR MISSION
 
~ OUR BUSINESS

Our passion for what we do will take us to heights beyond our imagination.

Our strength is our team’s passion for excellent execution so as to build a sustainable business model. Our goal is to combine passion and contribution by supplying our customers with the best quality cum best priced petroleum products and the most reliable service.  

Our business starts with sourcing from oil majors in Asia and supplying to customers in the same region.   Purchase is in cargo parcel size from oil producers or traders for resale in whole lots or after break bulk.  Annual trading volume is close to 1million metric tons with anticipation of rapid growth in the coming years. Quantities and qualities are certified by independent surveyors.  Trade cycle is short at an average of 30 - 45 days.

Our operation is managed by our professional team with solid experience in oil and gas trading, international trade finance, and hedging with future derivatives.  Our service to clients also includes providing shipment logistics and blending operations to end-buyers in the region, hand-tailored operations and other commercial arrangements. 

 
 
~ OUR EXPERT

The director of both Golden Sunway and Distinction Oil Trading is Mr. Charles Pierre Maulino who obtained a Master’s Degree in Arts (Economics) from the University of Paris VIII and a Degree in Banking Techniques and Business Administration from the French Banking Professional Institute.   He is a well-known and reputed professional in the oil and gas trading community and has a huge network of relationship with the largest players of this sector, namely Total, Vitol, Glencore, Trafigura, Gunvor, Socar, and BB Energy.

He brings with him 40 years of vast experience in the mentioned sector in international trade finance in senior management positions (managing director/regional manager/senior banker) with several large international banking institutions in Paris, Geneva, Singapore and Hong Kong namely:

- The Chase Manhattan Bank (Paris)
- Credit Lyonnais and Banque Trade Credit Lyonnais (Paris and Singapore)
- Natixis Bank (Paris, Singapore, Hong Kong)


Charles also served for several years as a deputy general manager of crude oil acquisitions and countertrade with Elf Trading (trading subsidiary of the French oil major Elf, now Total) in Geneva Switzerland and in Paris.

~ OUR BANK

The remarkable banking relationship that we have built with many established banks in Hong Kong has enabled us to grow steadily and proudly.  The pivotal support provided by the banks has been instrumental to establishing strong rapport with our suppliers and enabled us to provide quality service to our buyers.  Our highly valued bankers are Agricultural Bank of China, Bank of China, Bank of Communication, Chiyu Banking Corporation, Chong Hing Bank, DBS Bank, Hang Seng Bank, United Overseas Bank Group.

~ OUR SUPPLIERS

We source high quality petroleum products from different oil majors mainly through their Singapore offices.  From time to time, we will source for new oil majors to cater to our growing business.

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Sinopec was founded in  Beijing in 2000. It service stations provide SINO X Power, SINO Power and SINO Diesel – Euro V standard. All fuel products go through rigorous quality control and third party inspection along the stages of procurement, shipment, stock-in and stock-out.

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BB Energy was founded in Lebanon in 1937 and entered the oil industry in 1963. It has consolidated experience in trading, operations, chartering, logistics, storage, refining and financing and trades more than 20 million metric tons of crude oil and petroleum products annually.

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GS Caltex was founded in South Korea in 1967.  As an oil refinery, it provides more than one-third of Korea’s oil needs and exports over 50% of its products.  Its name was changed from LG-Caltex Oil Corporation to GS Caltex Corporation in 27 January 2006.  It is jointly owned by Chevron and GS Group.

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Equinor ASA was founded in Norway in 1972 and is a public listed multinational energy corporation which is primarily a petroleum company developing oil, gas, wind and solar energy in more than 30 countries worldwide with some investments in renewable energy.

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Gunvor Group was founded in Cyprus in 2000 with its main trading office in Geneva, Switzerland. The company operates in the trade, transport, storage and optimization of petroleum and other energy products, as well as having investments in oil terminal and port facilities.

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SK Energy was founded in Korea 1962 and has been producing various petroleum products such as gasoline, diesel and asphalt at the Ulsan Complex, which has a refining capacity of 840,000 barrels of crude oil per day, and selling them in both domestic and overseas markets.

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Winson Group was founded in Hong Kong in 1998, and is now one of Asia's oil majors with three main tiers of businesses including international oil trading, global marine bunkering and oil storage and terminal facilities.  The group is well known for its oil trading and bunkering business. 

 
 
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Charles Maulino

CEO of Distinction Oil Trading. Master Degree from the University of Paris and Banking Business Management . Forty years of experience in senior positions in oil commodities finance activities with International banks in Europe, Singapore and Hong Kong. Several years with a major oil trading company in Geneva Switzerland.