Paragon REIT ( (SG:SK6U) ) has provided an update.
Paragon REIT is undergoing a proposed privatisation through a trust scheme of arrangement, as announced by its manager, Paragon REIT Management Pte. Ltd., and Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd. Morgan Stanley Asia (Singapore) Pte. is acting as the financial adviser for this scheme. The announcement highlights that the dealings in Paragon REIT securities by associates of Morgan Stanley are conducted independently of the privatisation scheme and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.05B
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