Top Frontier Investment Holdings, Inc. ("TF" ) is a Philippine holding company organized in March, 2008.
TF is the largest shareholder of San Miguel Corporation owning 66.1% of SMC’s total outstanding common stock. TF also owns 100% of Clariden Holdings, Inc. ("Clariden"), a holding company with interests, through its subsidiaries, in mining exploration and development in the Philippines.
Established in 1890 as a single-product brewery, San Miguel Corporation (San Miguel) is the Philippines' largest beverage, food and packaging company. Today, the company has over 100 facilities in the Philippines, Southeast Asia, and China.
Clariden is a holding company incorporated in July 2009. It was acquired by TF as a wholly owned subsidiary in August 2013.