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Paragon REIT ( (SG:SK6U) ) has provided an announcement.
Paragon REIT is undergoing a proposed privatisation by way of 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 process. The announcement, made in compliance with the Singapore Code on Take-overs and Mergers, indicates that the dealings by Morgan Stanley’s associates in Paragon REIT securities are conducted independently of the privatisation scheme and are part of the regular business operations, hence they will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.18%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.11B
See more data about SK6U stock on TipRanks’ Stock Analysis page.