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Axington holding EGM on Thursday amid increased scrutiny; company linked to BN Group in Newcastle bid
Trading halted after drop in share price; no word on chairman linked to Newcastle United bid
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Ms Evangeline Shen is Axington’s non-independent non-executive chairman, while cousins Terence Loh (left) and Nelson Loh are controlling shareholders.
PHOTO: BELLAGRAPH NOVA GROUP
Axington Inc is heading into an extraordinary general meeting (EGM) today without word on the status of Ms Evangeline Shen, also known as Shen Che, its non-independent non-executive chairman, who is linked to a reported £280 million ($505 million) offer to buy Newcastle United football club.
On Monday, Singapore Exchange Regulation (SGX RegCo), the regulatory arm of the Singapore Exchange, recommended an investigation into the suitability of the board of directors of Catalist-listed Axington.
