SINGAPORE - The two-man board of Axington Inc is engaging with controlling shareholders Nelson Loh and Terence Loh to obtain clarity on strategic changes to be made in the business direction of the company, the Catalist-listed firm said in a bourse filing late on Thursday .
The bourse operator also asked Axington to provide an update on safeguards put in place to ensure that the utilisation and/or deployment of the group's assets are in the best interest of the group, in consideration of the possible strategic changes to the business direction. Ms Shen and four other directors also resigned from the board in August due to, among other reasons, expected changes in the company's business direction, Axington had said.
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Source: BusinessTimes - 🏆 15. / 51 Read more »
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