Loyz Energy forms venture to get into fund management, investments, trading

Singapore

OIL and gas exploration and production firm Loyz Energy Limited signed a memorandum of understanding with Arctos Investments on Thursday to form a joint venture (JV) company, in a bid to diversify its business into fund management, investments and trading.

Loyz Energy will own 40 per cent of the venture, FIT Global, and investment firm Arctos, 60 per cent, the company said in a filing wit…