Paragon REIT to be Privatized via Trust Scheme

Paragon REIT ( (SG:SK6U) ) just unveiled an update.

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 transaction. The dealings in Paragon REIT securities by associates of Morgan Stanley are conducted independently of the privatization scheme and will not impact the scheme consideration. This move is in compliance with the Singapore Code on Take-overs and Mergers.

More about Paragon REIT

YTD Price Performance: 0.54%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $2.05B

For a thorough assessment of SK6U stock, go to TipRanks’ Stock Analysis page.