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Star Entertainment Group Limited ( (AU:SGR) ) just unveiled an update.
The Star Entertainment Group Limited announced a significant change in its substantial shareholding, with Investment Holdings Pty Ltd, as trustee for BMG Discretionary Trust, and Bruce Lawrance Mathieson increasing their stake to 1,537,154,955 ordinary shares, representing 23.16% of the company’s voting power. This change was facilitated by regulatory approvals and shareholder consent, allowing Investment Holdings to exceed typical shareholding restrictions, potentially impacting the company’s governance and market dynamics.
The most recent analyst rating on (AU:SGR) stock is a Hold with a A$0.10 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 focusing on casino and gaming services. The company is known for its integrated resorts and casinos, catering to both domestic and international markets.
Average Trading Volume: 9,470,790
Technical Sentiment Signal: Sell
Current Market Cap: A$696.5M
See more insights into SGR stock on TipRanks’ Stock Analysis page.