Australia’s Star Entertainment Group Limited said Wednesday that talks with stakeholders are ongoing but confirmed the company is still not in a position to release its FY24 financial results. Trading of Star’s shares on the ASX remain suspended.
In a filing, the company stated that it is “continuing to work with various stakeholders and advisers in respect of its financial position”, specifically with state governments, regulators and lenders, among others.
Star, which is reported to be on the brink of financial collapse, had previously confirmed that such discussions related to its troubled liquidity position have included considerations around the application of provisions in the Corporations Act 2001 (Cth), specifically the safe harbour provisions.
