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Paragon REIT ( (SG:SK6U) ) has issued an update.
Paragon REIT is undergoing a proposed privatization through a trust scheme of arrangement, as announced by its manager and Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd. Morgan Stanley Asia (Singapore) Pte. is serving as the financial adviser for this scheme, which is structured in accordance with the Singapore Code on Take-overs and Mergers. The dealings by associates of Morgan Stanley in Paragon REIT securities are disclosed as required, and they are conducted independently of the scheme, ensuring no impact on the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.06B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.