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An update from Paragon REIT ( (SG:SK6U) ) is now available.
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, a subsidiary of Cuscaden Peak Pte. Ltd. Morgan Stanley Asia (Singapore) Pte. is acting as the financial adviser for this scheme, which is in accordance with the Singapore Code on Take-overs and Mergers. The dealings reported by Morgan Stanley’s associates in Paragon REIT’s securities are part of their regular business activities and do not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.06B
Find detailed analytics on SK6U stock on TipRanks’ Stock Analysis page.