Evangeline Shen has resigned as chairman of Axington Inc, controlled by the Loh cousins, purportedly because of “strategic changes” to be expected in the business direction of the SGX-listed company.

Shen, together with Terence and Nelson Loh, are in intense public scrutiny in recent weeks following news that Bellagraph Nova Group, the company they co-lead, has doctored a photograph that includes former US president Barack Obama.

See: Axington shares drop 20% following admission of doctored Obama photos by company in Newcastle United takeover bid

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