Shares of Star Entertainment Group Ltd skyrocketed by 13.6% following the company’s confirmation of ongoing negotiations to sell its 50% stake in the Destination Brisbane Joint Venture. The casino operator received multiple non-indicative offers from Chow Tai Fook and Far East Consortium but stated no offers have been accepted due to insufficient value. Despite this surge, the company remains under liquidity strain, emphasizing the need for definitive agreements regarding funding arrangements. Investors should carefully monitor Star’s financial developments as the company navigates these challenges.