Loyz Energy

Loyz Energy: two yrs after its foray into oil & gas exploration and pdtn, Loyz (former sanitary ware maker Sim Siang Choon) is divesting its entire sanitary ware business to the group's chairman Sim Siang Choon for $9m. Loyz will use the proceeds as working capital to help fund ongoing projects and pursue future E&P opportunities. Loyz is +2.1% at $0.49.