Paragon REIT ( (SG:SK6U) ) has shared an announcement.
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. Morgan Stanley Asia (Singapore) Pte. is acting as the financial adviser for this transaction. The announcement indicates that the dealings by associates of Morgan Stanley in Paragon REIT’s securities are conducted independently of the privatization scheme and will not impact the scheme consideration, ensuring transparency and compliance with the Singapore Code on Take-overs and Mergers.
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 involved in property management and investment, catering to stakeholders interested in real estate market opportunities.
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.03B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.
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