Paragon REIT ( (SG:SK6U) ) just unveiled an update.
Paragon REIT, managed by Paragon REIT Management Pte. Ltd., is set to be privatized through a trust scheme of arrangement, as announced by the company 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 transaction. The privatization is being conducted in accordance with the Singapore Code on Take-overs and Mergers, and Morgan Stanley has disclosed its dealings in Paragon REIT securities as required by the Code. These dealings are independent of the privatization scheme and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.1B
See more data about SK6U stock on TipRanks’ Stock Analysis page.