Shares in management consulting company Axington Inc. fell 20% to 18 cents as at 9.40am.

The Catalist-listed company was bought over by former investment bankers and cousins Nelson Loh and Terence Loh in June 2020.

The Loh cousins were in the news on August 16 for attempting to take over English football club, Newcastle United, through the Bellagraph Nova (BN) Group.

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