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JPMorgan Chase Acquires Substantial Stake in Star Entertainment

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JPMorgan Chase Acquires Substantial Stake in Star Entertainment

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Star Entertainment Group Limited ( (AU:SGR) ) has provided an announcement.

The Star Entertainment Group Limited announced that JPMorgan Chase & Co. and its affiliates have become substantial shareholders, holding 5.66% of the company’s voting power. This development is significant due to the company’s constitutional and regulatory restrictions, which limit any individual or entity from holding more than 10% voting power, potentially impacting future share transactions.

The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.26 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.

More about Star Entertainment Group Limited

The Star Entertainment Group Limited operates in the entertainment and hospitality industry, primarily offering casino and gaming services. The company focuses on providing leisure and entertainment experiences through its properties in Australia.

Average Trading Volume: 10,728,752

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$263.7M

Learn more about SGR stock on TipRanks’ Stock Analysis page.

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