Loyz Energy summoned for failing to repay $4m loan
They say it’s not true.
Loyz Energy announced that the company had on 10 Sep been served a writ of summons
issued by Advance Capital Partners Pte Ltd claiming that the Loyz Energy had failed to repay to repay a loan in the sum of $4m to Advance Capital Partners Pte Ltd.
According to the announcement, the company has sought legal advice in respect of Advance Capital Partners Pte Ltd’s alleged claim and considers the said claim to be without merit.
Loyz Energy is an oil and gas exploration and production company which has operations in Asia-Pacific. It also retails and distributes sanitary hardware, appliances, accessories and fixtures for home use.