Paragon Reit to suspend trading on May 15 ahead of delisting

[SINGAPORE] Paragon Reit will suspend trading in its units from 9 am on Thursday (May 15), and bow out of the Singapore Exchange, the manager of the retail real estate investment trust said in a regulatory filing on Wednesday.

Cuscaden Peak’s Times Properties proposed to take the real estate investment trust private at S$0.98 in February, and the scheme obtained approval from unitholders in April.

Created as SPH Reit at its initial public offering in 2013, the retail Reit counts the upscale Orchard Road mall Paragon as its crown jewel.