Paragon REIT to be Privatized via Trust Scheme

An announcement from Paragon REIT ( (SG:SK6U) ) is now available.

Paragon REIT is set to undergo privatization 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 the scheme, ensuring compliance with the Singapore Code on Take-overs and Mergers. The announcement highlights that any dealings by Morgan Stanley’s associates in Paragon REIT securities are independent of the 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: $2.06B

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