Loyz Energy proposes name change to CWX Global with business diversification

SINGAPORE (Sept 19): Oil and gas (O&G), exploration and production company Loyz Energy is proposing to change its name to CWX Global Limited, given the new business direction it is intending to undertake.

To recap, Loyz intends to diversify into fund management, investment and trading with its joint venture company with Arctos Investments, FIT Global, after streamlining its non-performing O&G assets to just a 20% stake in the onshore oilfields in Thailand.

See: Loyz Energy to diversify into fund management, investment, trading as O&G assets shrink

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