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Paragon REIT ( (SG:SK6U) ) just unveiled an announcement.
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. The announcement highlights that all trades conducted by Morgan Stanley’s associates are independent of the 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
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.06B
See more data about SK6U stock on TipRanks’ Stock Analysis page.