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Paragon REIT ( (SG:SK6U) ) just unveiled an announcement.
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. This move is in line with the Singapore Code on Take-overs and Mergers, with Morgan Stanley Asia (Singapore) Pte. acting as the financial adviser for the scheme. The announcement highlights that all trades disclosed by Morgan Stanley 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: $2.13B
For detailed information about SK6U stock, go to TipRanks’ Stock Analysis page.