Loyz Energy to diversify into fund management, investment, trading as O&G assets shrink

SINGAPORE (Sept 8): Loyz Energy is diversifying into fund management, investment and trading after streamlining its non-performing oil and gas assets to just a 20% stake in the onshore oilfields in Thailand.

In a Friday morning filing, the upstream exploration and production energy player says it has entered into a memorandum of understanding with Arctos Investments, a multi-asset investment firm, to form a joint venture company called FIT Global.

Among the primary business activities of FIT are investments via private equity deals, initial public offerings and fixed income and hybrid instruments; trading of equities, commodities and other financial instruments including cryptocurrencies as well as fund management and market making for commodities.

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