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Australia's Star Entertainment to get $33 million from Hong Kong investors in asset swap deal

Channel News Asia LogoChannel News Asia2d ago

Australia's Star Entertainment to get $33 million from Hong Kong investors in asset swap deal - Channel News Asia

Quick Summary:

Australia's Star Entertainment will receive a total balance payment of A$53 million ($33.41 million) in an asset swap deal with its Hong Kong investors Far East Consortium International and Chow Tai Fook Enterprises.

FILE PHOTO: Star Entertainment logo is seen in this illustration taken, April 23, 2024.

Under the deal, Star will sell its 50 per cent stake in its Queen's Wharf precinct in Brisbane to the two parties and, in turn, acquire the parties' 66.67 per cent stake in the Gold Coast project in Queensland, Far East said on Friday.


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Australia's Star Entertainment to get $33 million from Hong Kong investors in asset swap deal - Channel News Asia (Picture 1)Australia's Star Entertainment to get $33 million from Hong Kong investors in asset swap deal - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 12:34:10 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 147 words

Reading Time: 1 minutes read

Sentences: 18 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26715660

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 1 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 11 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • News ID: #26715660
  • URL: https://chronographically.beamstart.com/news/australias-star-entertainment-to-get-1741323158629

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