Company in Newcastle United takeover bid admits it doctored Obama photo

A combination photo shows two versions of the same photograph - a cropped vertical version in which Bellagraph Nova Group executive, Evangeline Shen, speaks with former US President Barack Obama during a charity event in Singapore in December 2019, and a wider horizontal version that was distributed to media by Bellagraph Nova in July 2020, with the company name and logo superimposed on a screen.

No company called Bellagraph Nova Group is registered in France, according to official online records checked by Reuters on Friday. Reuters could not find any company by that name at the address it has given - 10 Place Vendome - when a reporter visited on Tuesday. Hydra X has denied both those claims. The Singapore Exchange has also denied Hydra X is implementing a trading system.BN Group's website and press releases in recent weeks have featured photos of Obama with the firm's owners, Singaporean businessmen Terence and Nelson Loh, and Evangeline Shen, a Chinese jewellery merchant and former Morgan Stanley banker.

The charity event where the photos of Obama were taken was sponsored by Novena Global Lifecare, a Singapore healthcare company founded in 2010 by the Loh cousins. The surprise announcement adds to years of speculation over the future of Newcastle United, which has been the subject of several fruitless takeover bids, including a US$390 million Saudi-backed deal that collapsed last week.

Reuters found no record of any company registered in France called Bellagraph Nova Group on the online database of the Registries of the Commercial Courts, the French state agency that holds company information. Hydra X said BN Group was not a shareholder. It said in an emailed statement to Reuters that it was privately owned, predominantly by individual investors, and that it shared no legal or beneficial owners with the BN Group, nor was part of, or a subsidiary, of the BN Group.

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Company that wants to buy Newcastle United admits to photoshopping Obama[SINGAPORE] The Singapore-registered company that says it is close to buying English soccer club Newcastle United admits it doctored photos of former US President Barack Obama in marketing materials used to publicise the newly formed group. Read more at The Business Times.
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