The trio are co-founders of the Bellagraph Nova Group, which won rapid fame for announcing a bid for football club Newcastle and then instant notoriety when the company admitted to Reuters that it has sent out a doctored photo showing the Lohs and Shen with Obama.
Terence and Nelson Loh, controlling shareholders, are still “exploring and evaluating strategic options” on what they now want to do with Axington Inc, the company said on Sept 3.
The SGX-listed company was supposed to hold an EGM on Aug 28 for shareholders to approve a name change to NETX, and to also embark on a new business direction “inspired” after a conversation with former US president Barack Obama and the Lohs and their business partner Evangeline Shen Che.
