Brief: Paragon REIT Announces Proposed Scheme Of Arrangement To Privatise Paragon REIT
11/02/2025 01:36
Feb 11 (Reuters) - Paragon REIT PARA.SI :
* CUSCADEN PEAK AND PARAGON REIT JOINTLY ANNOUNCE PROPOSED
SCHEME
OF ARRANGEMENT TO PRIVATISE PARAGON REIT
* OFFEROR BELIEVES A POTENTIAL SIGNIFICANT ASSET ENHANCEMENT
INITIATIVE IS NECESSARY TO MAINTAIN PARAGON’S LONG-TERM
COMPETITIVENESS
* WILL ALSO PAY 2H FY2024 CASH DISTRIBUTION OF 2.33
SINGAPORE
CENTS PER UNIT
Source text: ID:nSN6l2sMj
Further company coverage: PARA.SI
((Reuters.Briefs@thomsonreuters.com;))
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