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Singapore-based upstream energy group Loyz in reverse takeover of Canada’s Primeline Energy

( June 10, 2015, 09:08 GMT | Insight) -- Loyz Energy Limited, a fast-growing Singapore-based upstream energy group, has announced that it has reached a deal to acquire Primeline Energy Holdings, Inc. for 197 million Singapore dollars ($145.5 million), according to a press release on Stockhouse.co...Loyz Energy Limited, a fast-growing Singapore-based upstream energy group, has announced that it has reached a deal to acquire Primeline Energy Holdings, Inc. for 197 million Singapore dollars ($145.5 million), according to a press release on Stockhouse.com. Primeline Energy, a company listed on TSX Venture Exchange in Canada, is an independent oil and gas exploration and production company focusing exclusively on upstream opportunities in China and owns exploration and development rights in the East China Sea. The arrangement is expected to constitute, in respect of Loyz, a "reverse takeover," according to the company statement....

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