Paragon REIT ( (SG:SK6U) ) has provided 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) is advising on the arrangement, with disclosures made in compliance with the Singapore Code on Take-overs and Mergers. This move aims to streamline Paragon’s operations and enhance its market positioning.
More about Paragon REIT
Paragon REIT is a company operating in the real estate investment trust industry. It focuses on managing and investing in a portfolio of income-generating properties, primarily in the retail and commercial sectors.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.1B
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