SINGAPORE - Axington Inc, the Singapore-listed company linked to the Bellagraph Nova Group, requested on Monday before the stock market opened that trading in its shares be suspended.
Singaporean businessmen and cousins Nelson Loh and Terence Loh bought out Axington, a professional advisory services firm, in July. Their business partner, Evangeline Shen, is Axington's non-independent non-executive chairman. The Lohs do not sit on the board. Last Friday, Axington said it had postponed an extraordinary general meeting that was to have been held on Thursday, saying"recent developments in the media" made the board require"more time to conduct an internal assessment of the circumstances and the strategic plans of the company."
The Lohs and Ms Shen, a Chinese lawyer and jewellery merchant, co-founded the newly formed BN Group, which has come under increasing scrutiny following news of its bid to take over English Premier League football club Newcastle United.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »