Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Paragon REIT ( (SG:SK6U) ) has issued an announcement.
Paragon REIT is set to undergo privatization 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 adviser for this scheme, which complies with the Singapore Code on Take-overs and Mergers. The announcement indicates that the dealings in Paragon REIT’s securities by associates of Morgan Stanley are conducted independently of the scheme and will not impact the scheme consideration, ensuring that the privatization process remains unaffected by these transactions.
The most recent analyst rating on (SG:SK6U) stock is a Buy with a S$1.05 price target. To see the full list of analyst forecasts on Paragon REIT stock, see the SG:SK6U Stock Forecast page.
More about Paragon REIT
Paragon REIT operates within the real estate investment trust industry, focusing on managing real estate assets to generate returns for its investors. The company is managed by Paragon REIT Management Pte. Ltd. and is involved in property investment and management, with a market focus likely on maximizing shareholder value through strategic real estate operations.
Average Trading Volume: 2,702,047
Technical Sentiment Signal: Buy
Current Market Cap: S$2.77B
For an in-depth examination of SK6U stock, go to TipRanks’ Stock Analysis page.