THE following companies saw new developments that may affect trading of their securities on Monday (Jan 22): Jumbo Group : 42R 0%: Its shareholders have approved the renewal of the restaurant operator’s share buyback mandate. Jumbo will offer S$0.26 in cash per share to buy back up to 10 per cent of the company’s shares in issue. The counter closed 1.8 per cent or S$0.005 higher at S$0.28 on Friday, before the announcement. Silverlake Axis : 5CP 0%: The enterprise technology company received an offer from its executive chairman Goh Peng Ooi to acquire his shareholding interests in various Silverlake private entities owned by him. The company’s independent directors were of the view that the proposal should be explored in line with Silverlake’s longer-term expansion and growth. The counter closed at S$0.27, down 1.8 per cent or S$0.005 on Friday, before the announcement. Cromwell European Real Estate Investment Trust : CWBU 0% (Cromwell E-Reit): Its Nervesa21 office development in Italy’s Milan is “largely completed” with “only minor basement and garden landscape works” remaining, announced its manager on Monday. The asset is also now 70 per cent pre-let, with the additions of fintech company Scalapay and communications advisory firm Edelmen as new tenant-customers to join anchor tenant Universal Music Group. Units of the Reit ended Friday 0.01 euro or 0.7 per cent lower at 1.41 euros.

ESR-Logos Reit : J91U 0%: Its built-to-suit redevelopment project at 21B Senoko Loop has obtained temporary occupation permit status, the manager said on Monday. The property will be leased to NTS Singapore on a triple net basis for 15 years with built-in rental escalations. Units of ESR-Logos Reit closed flat at S$0.32 on Friday.

Amara : A34 0%: The voluntary unconditional cash offer for the property group closed last week with the offeror securing short of the 90 per cent shareholding threshold. Amara’s appointed independent financial adviser Xandar Capital said the recent offer price of S$0.60 per share was both fair and reasonable, meeting a key requirement for exit offers in conjunction with voluntary delistings. Shares of Amara closed at S$0.51 on Friday, down 15 per cent or S$0.09.