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Paragon REIT ( (SG:SK6U) ) has issued an update.
Paragon REIT, a company involved in real estate investment trusts, is undergoing a proposed privatization through a trust scheme of arrangement. This initiative is being managed by Paragon REIT Management Pte. Ltd. with financial advice from Morgan Stanley Asia (Singapore) Pte. The privatization effort will be conducted in accordance with the Singapore Code on Take-overs and Mergers. The announcement details that all securities dealings by Morgan Stanley associates have been conducted independently of the privatization scheme and will not influence the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.18%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.08B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.