Primeline Energy Hol (PMEHF) 0.0935 $PMEHF Loyz
Post# of 273242
Loyz Energy to Acquire and Merge with Canada-listed Primeline Energy for S$197 million
JCN Newswire - Tue Jun 09, 9:35AM CDT
Loyz Energy Limited ("Loyz Energy" and together with its subsidiaries, the "Group", a fast-growing Singapore-based upstream energy group today announced that it had, on 8 June 2015, entered into a binding memorandum of understanding (the "MOU" for the acquisition of Primeline Energy Holdings, Inc. ("PEH", and together with its subsidiaries, the "Target Group" by way of a scheme of arrangement for a consideration ("Consideration" of approximately S$197.0 million (the "Proposed Acquisition".