An update from Paragon REIT ( (SG:SK6U) ) is now available.
Paragon REIT is set to be privatized 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 disclosure of securities dealings by Morgan Stanley’s associates, required under the Singapore Code on Take-overs and Mergers, indicates that these trades are part of regular business activities and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.18%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.87B
See more insights into SK6U stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com