The company requested for a trading halt on August 26 after its share price fell to 19 cents from 22 cents on August 24.
Axington is linked to the Bellagraph Nova (BN) Group, which was in the news for attempting to take over English football club, Newcastle United, and its doctoring of former US President Barack Obama’s photos to make them look as if the former president met the BN Group’s directors in a meeting in France.
See also:
- Axington shares drop 20% following admission of doctored Obama photos by company in Newcastle United takeover bid
- SGX RegCo asks Axington's sponsor to assess suitability of individuals appointed to its board
- Bellagraph Nova Group mystery deepens after further scrutiny
- Axington to hold EGM on proposed name change and change to core business
- Axington's Obama-inspired EGM postponed; independent director resigns
