Paragon REIT to be Privatized through Trust Scheme

Paragon REIT ( (SG:SK6U) ) has provided an announcement.

Morgan Stanley Asia (Singapore) Pte. Ltd. has announced the proposed privatization of Paragon REIT through a trust scheme of arrangement in collaboration with Times Properties Private Limited, a subsidiary of Cuscaden Peak Pte. Ltd. This move is in accordance with the Singapore Code on Take-overs and Mergers. Morgan Stanley Singapore, acting as the financial adviser to Paragon Manager, has disclosed its dealings in Paragon REIT securities, which are conducted independently of the privatization scheme and will not impact the scheme consideration. This announcement could potentially impact Paragon REIT’s market positioning by transitioning it from a public to a private entity, affecting stakeholders’ interests.

More about Paragon REIT

Paragon REIT operates in the real estate investment trust industry, focusing on managing and investing in a diversified portfolio of real estate assets. The company is managed by Paragon REIT Management Pte. Ltd.

YTD Price Performance: 0.54%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $2.07B

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