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The latest update is out from Paragon REIT ( (SG:SK6U) ).
Paragon REIT is set to undergo 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 line with the Singapore Code on Take-overs and Mergers. The announcement includes disclosures of dealings by associates of Morgan Stanley in Paragon REIT’s securities, which are conducted independently of the privatization scheme and will not impact the scheme consideration.
More about Paragon REIT
YTD Price Performance: 0.54%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.07B
Learn more about SK6U stock on TipRanks’ Stock Analysis page.