Paragon REIT delists from SGX-Mainboard
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Paragon REIT has been delisted from the Singapore Exchange (SGX) effective June 6 due to low trading activity and limited investor interest, which hindered capital raising and portfolio expansion. Following the delisting, it will operate as a private trust and will no longer be an authorized collective investment scheme. Cuscaden Peak has offered $0.98 per unit to take the REIT private, which is 7.1% above its estimated net asset value.
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