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Paragon Reit jumps 11.8% on privatisation offer

This is after the manager announces that it received a S$0.98-per-unit privatisation offer from Times Properties

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Chong Xin Wei

Chong Xin Wei

Published Tue, Feb 11, 2025 · 02:17 PM
    • The privatisation scheme would allow unitholders “to realise their investment in cash at an attractive valuation with no trading costs”.
    • The privatisation scheme would allow unitholders “to realise their investment in cash at an attractive valuation with no trading costs”. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    UNITS of Paragon Real Estate Investment Trust (Paragon Reit) jumped on Tuesday (Feb 11) after the manager announced that it received a S$0.98-per-unit privatisation offer from Times Properties.

    The counter surged 11.8 per cent or S$0.105 to S$0.995 after the mid-day trading break, during which its trading halt was lifted. The Reit manager had called for a trading halt in the morning to announce the privatisation offer and its full-year earnings.

    The last time Paragon Reit traded at such levels was in January 2023. By 2.03 pm, the counter was up 11.2 per cent or S$0.10 at S$0.99.

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