Brief: Paragon REIT Management Announces Offer From Cuscaden Peak Investments Private

Paragon REIT

29/02/2024 10:32

Feb 29 (Reuters) - Paragon REIT  PARA.SI :
    * RIGHT OF FIRST REFUSAL GRANTED TO PARAGON REIT TO ACQUIRE
THE
SELETAR MALL
    * RECEIVED AN OFFER FROM CUSCADEN PEAK INVESTMENTS PRIVATE
    * OFFER FOR ACQUISITION OF SELETAR MALL, A SINGAPORE
SUBURBAN MALL
LOCATED IN SENGKANG
    * OFFER AT A PROPERTY VALUE OF S$550 MILLION
    * PARTIES OF VIEW THAT ACQUIRING SELETAR MALL BASED ON
PROPOSED
TERMS IN OFFER WOULD NOT BE IN BEST INTERESTS OF CO
    * PARTIES DECIDED TO DECLINE OFFER
    * DBS TRUSTEE, AS TRUSTEE OF PARAGON REIT RECEIVED AN OFFER
FROM
CUSCADEN PEAK INVESTMENTS

Source text for Eikon:  ID:nSNNLJLN 
Further company coverage:  PARA.SI 

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