Paragon REIT ( (SG:SK6U) ) just unveiled an announcement.
Paragon REIT has announced a proposed privatization through the acquisition of all its units by Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd., via a trust scheme of arrangement. Additionally, Paragon REIT Management disclosed a transfer of 251,880 units to its staff and the property manager as part of a Performance Unit Award scheme, representing 0.0089% of the issued units, which reflects ongoing internal management and incentive strategies.
More about Paragon REIT
Paragon REIT is a real estate investment trust based in Singapore, managed by Paragon REIT Management Pte. Ltd. The trust focuses on real estate investments and is involved in managing properties through its subsidiary, Straits Retail Property Management Services Pte. Ltd.
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.03B
See more insights into SK6U stock on TipRanks’ Stock Analysis page.