Paragon REIT ( (SG:SK6U) ) has provided 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. Morgan Stanley Asia (Singapore) Pte. is acting as the financial adviser for the scheme, which is in compliance with the Singapore Code on Take-overs and Mergers. The announcement highlights that any dealings by Morgan Stanley’s associates in Paragon REIT’s securities are conducted independently of the scheme and will not impact the scheme consideration.
More about Paragon REIT
Paragon REIT operates in the real estate investment trust industry, focusing on managing and investing in real estate properties. The company is managed by Paragon REIT Management Pte. Ltd. and is involved in property management and investment activities.
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.03B
See more insights into SK6U stock on TipRanks’ Stock Analysis page.