Morgan Stanley Asia (Singapore) Pte. disclosed dealings in Paragon REIT (SGX:SK6U) units as part of regulatory requirements linked to the trust's proposed privatization. according to a Monday filing on the Singapore Exchange.
The financial adviser to Paragon REIT's manager reported swap hedge trades on Feb. 21, including the purchase of 1,000 units at SG$0.9745 each and the sale of 100 units at SG$0.9700 each.
It also disclosed multiple derivatives transactions maturing in 2026 and 2027.
The trades, conducted independently of the privatization, do not impact the scheme consideration under the trust scheme led by Times Properties, a subsidiary of Cuscaden Peak.
Paragon REIT, which owns retail and office properties in Singapore, is set to be taken private under the plan announced on Feb. 11.
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