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Star Entertainment Issues Unquoted Convertible Notes

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Star Entertainment Issues Unquoted Convertible Notes

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

The Star Entertainment Group Limited has announced the issuance of 284,133,821 unquoted convertible notes, which are part of a previously announced transaction. This move is likely to impact the company’s financial structure and could influence its market positioning by potentially increasing its capital base, though the securities are not intended to be quoted on the ASX.

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, focusing on casino and resort management. It is known for providing gaming, entertainment, and hospitality services across Australia, catering to both domestic and international markets.

YTD Price Performance: -23.68%

Average Trading Volume: 14,386,892

Technical Sentiment Signal: Sell

Current Market Cap: A$415.6M

Find detailed analytics on SGR stock on TipRanks’ Stock Analysis page.

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