Axington's board engaging Loh cousins on 'strategic changes', and appointing executives
The Loh cousins said to be exploring 'strategic possibilities'; trading in shares remains suspended
Add BT as a preferred source
Singapore
THE two-man board of Axington is engaging with controlling shareholders Nelson and Terence Loh to obtain clarity on "strategic changes" expected to be made in the business direction of the company, the Catalist-listed firm said in a bourse filing on Thursday.
In its response to queries from the Singapore Exchange (SGX), the company added that its board understands that the Loh cousins are continuing to "explore strategic possibilities with respect to the company". Pending further developments, the board will also continue to "assess all possibilities in the best interests of the company".
TRENDING NOW
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
Singapore among countries facing proposed US levy of at least 10% over forced labour imports
Johor property old hand KSL readies family handover amid market boom
Land for 4,745 private homes supplied in H2 2026 GLS confirmed list, including Jurong Lake District white site
