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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., in collaboration with Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd. This move is in compliance with the Singapore Code on Take-overs and Mergers. Morgan Stanley Asia (Singapore) Pte. is serving as the financial adviser for this transaction. The disclosure of trades by Morgan Stanley associates in Paragon REIT securities, required by the Code, indicates that these transactions are routine and independent of the privatization scheme, ensuring no effect on the scheme’s consideration. Overall, this action reflects a strategic financial maneuver that could potentially impact stakeholders by altering the market presence and operational landscape of Paragon REIT.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.05B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.
