Paragon REIT ( (SG:SK6U) ) has provided an update.
Paragon REIT is undergoing a proposed privatization 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 scheme, which is in accordance with the Singapore Code on Take-overs and Mergers. The announcement includes disclosures of dealings in Paragon REIT securities by associates of Morgan Stanley, which are conducted independently of the scheme and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.11B
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