THE following companies saw new developments that may affect trading of their securities on Monday (Mar 14):

Sats: S58 The mainboard-listed inflight caterer and ground handler on Friday said it will spend about S$150 million to develop a food hub for its existing institutional catering businesses. It has accepted an offer from JTC Corporation for a property with a 30-year lease term within the Jurong Innovation District to operate the hub. Prior to the news, Sats shares ended Friday at S$3.92, up S$0.02 or 0.5 per cent.

Cromwell European Reit (Cromwell E-Reit): CWCU : CWCU 0%Its manager said in an exchange filing on Monday that the ongoing war between Russia and Ukraine has no direct impact on the real estate investment trust's (Reit's) European portfolio, as more than 85 per cent of its properties are located in Western Europe. It also foresees limited immediate impact on business operations, as current rising energy prices and the ongoing refugee crisis is not expected to disrupt rent collection. The Reit's units closed Friday up 2.3 per cent or S$0.05 at S$2.24.

Silverlake Axis: 5CP The fintech company on Monday said it is offering to buy back up to 242.4 million shares - representing around 9.1 per cent of the total number of shares in issue - at S$0.33 each in cash, as part of an off-market equal access offer. Shares of Silverlake Axis closed up S$0.005 or 1.8 per cent at S$0.28 on Friday.

Kimly Limited: 1D0 The group and its convicted consultants have mutually decided not to carry on with the recent engagement of the duo, said the Catalist-listed operator of coffeeshops in a regulatory statement furnished on Saturday. This follows feedback and concerns from Kimly's stakeholders after the consultants were convicted of and fined for breaching the Securities and Futures Act in mid-February. Shares of Kimly ended unchanged on Friday at S$0.385.

Hatten Land: PH0 Borrowings of RM206 million (S$66.4 million) due in a year could be repaid as the company's unsold, completed properties have "substantial value", stated the Catalist-listed group on Friday (Mar 11) in response to queries from the Singapore Exchange (SGX). Hatten Land also assured SGX that its non-current trade receivables do not have material concentration risk from a particular debtor as many individual property buyers are involved. The counter ended flat at S$0.04 on Friday, before the news.

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

Don Agro: GRQ The Russia-based agriculture company on Sunday confirmed it does not have activities that are prohibited transactions under the recently imposed sanctions arising from the Russian invasion of Ukraine. The Catalist-listed counter closed flat at S$0.305 last Friday.