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Loyz Energy Ltd's Subsidiary Announces Acquisition Of 1,200 Ordinary Shares In Zenith Oil And Gas Limited

Tuesday, 9 Jul 2013 07:01pm EDT 

Loyz Energy Ltd announced that whollyowned subsidiary, Loyz Oil Pte. Ltd. (Loyz Oil) had acquired 1,200 ordinary shares (the Acquisition Shares) in Zenith Oil & Gas Limited (Zenith) on July 9, 2013 from Leo Energy Ltd, a party that is unrelated to the Company, Directors, Chief Executive Officer and controlling shareholders. The issued and paid-up capital of Zenith is USD2,000, comprising 2,000 ordinary shares. Further to the acquisition, Loyz Oil has an interest of 60% of the shareholdings in Zenith, comprising 1,200 ordinary shares. The total consideration for the acquisition was USD1,200, which was based on 60% of the initial paid-up share capital of Zenith. The main activity of Zenith is investment holding. Zenith was incorporated in Hong Kong. 

Company Quote

27 Jan 2015