Axington shares close lower amid owners' controversy

SGX RegCo says it has 'engaged' company's sponsor on the issue of board of directors

A publicity photo showing former US president Barack Obama in Paris with (from left) Mr Terence Loh, Ms Evangeline Shen and Mr Nelson Loh. BN Group said on Saturday it had been doctored.
A publicity photo showing former US president Barack Obama in Paris with (from left) Mr Terence Loh, Ms Evangeline Shen and Mr Nelson Loh. BN Group said on Saturday it had been doctored. PHOTO: BELLAGRAPH NOVA GROUP

The Singapore Exchange Regulation (SGX RegCo) has said investigations should be undertaken, where necessary, into the suitability of professional advisory services firm Axington's board of directors.

Axington's board includes Ms Evangeline Shen of Bellagraph Nova (BN) Group, which is making a bid for English Premier League club Newcastle United.

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A version of this article appeared in the print edition of The Straits Times on August 25, 2020, with the headline 'Axington shares close lower amid owners' controversy'. Subscribe