Star Entertainment Shares Plunge as Company Seeks $650 Million Rescue Amid Financial Woes
Star Entertainment Group Ltd. has witnessed a significant downturn, with its shares tumbling over 15% after trading resumed following a brief halt. The company, ensnared in grave financial difficulties, is actively seeking solutions, including considering a substantial $650 million rescue proposal from Oaktree Capital Management. This effort is crucial as the company stands on the precipice of potential bankruptcy. […]
Star Entertainment Group Ltd. has witnessed a significant downturn, with its shares tumbling over 15% after trading resumed following a brief halt. The company, ensnared in grave financial difficulties, is actively seeking solutions, including considering a substantial $650 million rescue proposal from Oaktree Capital Management. This effort is crucial as the company stands on the precipice of potential bankruptcy. […]
