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 the scheme, which is in compliance with the Singapore Code on Take-overs and Mergers. The announcement indicates that while Morgan Stanley’s dealings in Paragon REIT securities are disclosed as required, they are conducted independently of the privatization scheme and will not impact the scheme’s consideration.
More about Paragon REIT
Paragon REIT operates in the real estate investment trust industry, focusing on managing a portfolio of income-generating real estate assets. The company is managed by Paragon REIT Management Pte. Ltd.
YTD Price Performance: 0.65%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.03B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.