Paragon REIT (SGX:SK6U) has appointed PrimePartners Corporate Finance as the independent financial adviser for its proposed privatization via a trust scheme of arrangement, according to a Friday filing on the Singapore Exchange.
The privatization will see Times Properties, a unit of Cuscaden Peak, acquire all units not already owned by the group. PrimePartners will advise Paragon REIT's independent directors and its trustee, DBS Trustee, ahead of a unitholders' meeting.
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