Star Entertainment gets notice to end project stake selloff deal with HK shareholders

Reuters

06/30

June 30 (Reuters) - Australia's Star Entertainment SGR.AX said on Monday it had received a notice from Hong Kong's Far East Consortium International 0035.HK and Chow Tai Fook Enterprises to terminate the agreement for selling its 50% stake in its Queen's Wharf project in Brisbane.

The agreement was entered into by the parties with the embattled casino operator on March 7, with the termination set to take effect five business days from June 30, unless withdrawn earlier.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Rashmi Aich)

((Shivangi.Lahiri@thomsonreuters.com;))

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