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Paragon REIT ( (SG:SK6U) ) has provided an update.
Paragon REIT, with Paragon REIT Management Pte. Ltd. as its manager, is undergoing a proposed privatization through a trust scheme of arrangement, in collaboration with Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd. Morgan Stanley Asia (Singapore) Pte. is advising on this scheme, which complies with the Singapore Code on Take-overs and Mergers. The dealings by associates of Morgan Stanley in Paragon REIT securities are disclosed as part of their obligations, and these trades, conducted independently of the privatization scheme, will not influence the scheme’s consideration.
More about Paragon REIT
Paragon REIT is a company involved in the real estate investment trust industry, focusing primarily on managing and investing in property assets. It primarily operates in the market through its management arm, Paragon REIT Management Pte. Ltd.
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.05B
For an in-depth examination of SK6U stock, go to TipRanks’ Stock Analysis page.