SGX RegCo weighs in on Axington links to scandal-hit BN Group

Singapore

THE Singapore Exchange's regulatory arm, SGX RegCo, has "engaged" Novus Corporate Finance, the continuing sponsor of Axington, over how it has assessed the "experience, expertise, character and integrity" of its non-independent, non-executive chairman Shen Che.

Ms Shen, also known as Evangeline Shen, and cousins Nelson and Terence Loh - controlling shareholders of Axington via Dorr Global Healthcare - are embroiled in a scandal over doctoring photos of former US president Barack Obama for marketing collateral uses.