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BRIEF-Paragon REIT Management Announces Offer From Cuscaden Peak Investments Private

Reuters SG

Feb 29 (Reuters) - Paragon REIT:

* RIGHT OF FIRST REFUSAL GRANTED TO PARAGON REIT TO ACQUIRE THE SELETAR MALL

* RECEIVED AN OFFER FROM CUSCADEN PEAK INVESTMENTS PRIVATE

* OFFER FOR ACQUISITION OF SELETAR MALL, A SINGAPORE SUBURBAN MALL LOCATED IN SENGKANG

* OFFER AT A PROPERTY VALUE OF S$550 MILLION

* PARTIES OF VIEW THAT ACQUIRING SELETAR MALL BASED ON PROPOSED TERMS IN OFFER WOULD NOT BE IN BEST INTERESTS OF CO

* PARTIES DECIDED TO DECLINE OFFER

* DBS TRUSTEE, AS TRUSTEE OF PARAGON REIT RECEIVED AN OFFER FROM CUSCADEN PEAK INVESTMENTS Source text for Eikon: Further company coverage: