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    The Star Entertainment Group (ASX:SGR) updates on $800M retail entitlement offer

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    The Star Entertainment Group (ASX:SGR) is conducting a capital raising by way of a pro-rata accelerated non-renounceable entitlement offer and placement to raise approximately $800M.

    The Group says the offer is only available to shareholders with a registered address in Australia or New Zealand, who are not in the United States or acting for the account or benefit of a person in the United States.

    It also says Ineligible shareholders will not be able to participate in the offer and their proportionate interest in the company will be diluted as a result.

    Net proceeds from the offer will be used to repay debt and increase liquidity.

     

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