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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

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Group chairman Evangeline Shen (centre) resigned last month; the Loh cousins Terence (left) and Nelson, the controlling shareholders, are still looking into new directions for the company.

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.

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