Loyz Energy, lender in row over S$4m loan
Lender is claiming payment as a proposed note subscription falls through; Loyz says loan, note issue separate matters
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Singapore
A LEGAL tussle appears to be brewing between Singapore-listed oil and gas company Loyz Energy and Advance Capital Partners over a S$4 million loan.
In an announcement to the Singapore Exchange (SGX) on Friday, Loyz Energy said the company had on Sept 10 been served a writ of summons issued by plaintiff Advance Capital Partners claiming that Loyz Energy had failed to repay a S$4 million loan. Loyz Energy said that it considers the claim to be without merit.
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