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Paragon REIT ( (SG:SK6U) ) has issued an update.
Paragon REIT is set to be privatized through a trust scheme of arrangement, as announced by 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. The privatization move is in accordance with the Singapore Code on Take-overs and Mergers. The announcement also includes disclosures about securities dealings by associates of Morgan Stanley Asia, which are conducted independently of the scheme and will not impact the scheme’s consideration.
More about Paragon REIT
Average Trading Volume: 2,801,458
Technical Sentiment Signal: Buy
Current Market Cap: S$2.77B
Find detailed analytics on SK6U stock on TipRanks’ Stock Analysis page.