The resignations from consultancy Axington, owned by Singaporean cousins Terence and Nelson Loh, included its chairman, Evangeline Shen and several directors.
SINGAPORE - Several directors resigned from a Singaporean firm linked to bidders for soccer club Newcastle United on Tuesday, the latest hiatus for the bidding group since Reuters reported doctored photos of Barack Obama were among various suspect claims it had made.
The board exits follow the former U.S. ambassador to Singapore's decision to quit the firm as its stock price sank last week and came as the company said it plans to make"strategic changes" in its"business direction". Many of those press releases have since been deleted, its social media accounts have been deactivated and a password is now required to view BN Group's website.
The Singapore Exchange's regulatory arm last week called for a probe of Axington's directors"in light of recent developments", shortly before the company postponed a shareholder meeting saying it needed time to review its plans.
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