Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Paragon REIT ( (SG:SK6U) ) has provided an update.
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 announcement includes disclosures of dealings in Paragon REIT securities by associates of Morgan Stanley, which are conducted independently of the scheme and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.11B
For an in-depth examination of SK6U stock, go to TipRanks’ Stock Analysis page.