Star Entertainment 'unlikely' to lodge HY report without refinancing support
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More news: Star Entertainment said this morning that it is "unlikely" to be in a position to lodge its first-half financial report, "unless, and until, it has secured a refinancing commitment that would enable The Star to refinance all of the group's existing corporate debt, as well as to provide additional liquidity".
Shares in the casino operator have been automatically suspended from trading after the company failed to lodge its half-year report before Friday's deadline.
Star Entertainment shares suspended from trading
The news: Star Entertainment shares have been suspended from trading after the embattled casino operator failed to lodge its half-year financial report before Friday's deadline.
The context: The Star said on Friday that it was waiting to receive "one or more" liquidity proposals before finalising its first-half report. The company said that filing the report was contingent on receiving a proposal that might "materially increase" the group's liquidity position.
The trading suspension will continue until the report is lodged.
Shares in small caps Aneka Tambang, BPH Global, Finexia Financial Group, MCS Services, Site Group International, Tigers Realm Coal and Yowie Group have also been suspended.
