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Paragon REIT ( (SG:SK6U) ) has issued an announcement.
Paragon REIT is set to be privatized 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 transaction. The privatization move is in line with the Singapore Code on Take-overs and Mergers. Morgan Stanley has disclosed dealings in Paragon REIT securities by its associates, 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 Signal: Strong Sell
Current Market Cap: $2.14B
For an in-depth examination of SK6U stock, go to TipRanks’ Stock Analysis page.