Scandal-hit Loh cousins seeking to offload their stake in Axington

Singapore

AMID mounting public scrutiny and a police report lodged by a "Big Four" accounting firm, Singaporean duo Nelson and Terence Loh are looking to off-load their recently-acquired stake in Catalist-listed Axington Inc, according to several sources.

The Business Times understands that the Loh cousins have approached several parties in the past weeks to buy out their Axington stake and there is a sense of urgency in their efforts given a looming loan of S$20 million.