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Paragon REIT ( (SG:SK6U) ) just unveiled an update.
Paragon REIT, a real estate investment trust, is involved in a proposed privatisation through a trust scheme of arrangement, as announced by its manager and Times Properties Private Limited. Morgan Stanley Asia (Singapore) Pte. is acting as the financial adviser for Paragon REIT’s manager in this transaction. The privatisation is in accordance with the Singapore Code on Take-overs and Mergers, and is expected to have significant implications for Paragon REIT’s ownership and operational strategy. The dealings disclosed by Morgan Stanley are routine and are separate from the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.18%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.1B
Find detailed analytics on SK6U stock on TipRanks’ Stock Analysis page.