An announcement from Paragon REIT ( (SG:SK6U) ) is now available.
Paragon REIT is set to be privatized through a trust scheme of arrangement as announced by 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 advisor for this privatization process. The announcement highlights that the dealings in Paragon REIT securities by associates of Morgan Stanley are independent of the privatization scheme and will not influence the scheme’s consideration.
More about Paragon REIT
YTD Price Performance: 0.18%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.87B
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