The Star Entertainment Group Limited (ASX:SGR) Responds to Media Speculation
Acquisition Proposals
The Star Entertainment Group Limited has received several confidential, indicative, and non-binding proposals from Chow Tai Fook Enterprises Limited and Far East Consortium International Limited to acquire its 50% interest in the Destination Brisbane Joint Venture and other assets. The Board has assessed each proposal and concluded that none offer sufficient value for The Star.
Liquidity Concerns
The Group continues to explore possible liquidity solutions, but there is no certainty that these discussions will result in arrangements that significantly enhance the Group’s liquidity position. Without such arrangements, material uncertainty remains regarding the Group’s ability to continue as a going concern.
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