Knobby22
Mmmmmm 2nd breakfast
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- 13 October 2004
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Star Entertainment Group is close to selling its stake in the Queen’s Wharf precinct to Hong Kong-based investors in a deal that could secure $50 million for the company as it attempts to stave off collapse.
The embattled casino operator has desperately sought more cash as it was forced into a trading halt earlier this week after failing to publish its half-year financial results by the Friday deadline.
Media reports arose on Thursday that Star is close to securing a deal where it will sell off its stake in the Brisbane property to Far East Consortium and Chow Tai Fook – which each own 25 per cent stakes in the precinct.
And From The Australian
The embattled casino operator has desperately sought more cash as it was forced into a trading halt earlier this week after failing to publish its half-year financial results by the Friday deadline.
Media reports arose on Thursday that Star is close to securing a deal where it will sell off its stake in the Brisbane property to Far East Consortium and Chow Tai Fook – which each own 25 per cent stakes in the precinct.
And From The Australian