BRIEF-Star Entertainment Group Expands Partnership With Chow Tai Fook Enterprises & Far East Consortium International
March 29 (Reuters) - Star Entertainment Group Ltd:
* TO INCREASE TARGET DIVIDEND PAYOUT RATIO TO A MINIMUM OF 70% OF NORMALISED NET PROFIT AFTER TAX, FROM FY2018
* CO EXPANDED ITS STRATEGIC PARTNERSHIP WITH CHOW TAI FOOK ENTERPRISES AND FAR EAST CONSORTIUM INTERNATIONAL
* CTF & FEC TO SEPARATELY ACQUIRE 45.8 MILLION NEW SHARES IN STAR AT $5.35 PER SHARE FOR A TOTAL OF $245 MILLION EACH
* NORMALISED GROUP GROSS REVENUE FOR PERIOD FROM 1 JANUARY TO 25 MARCH 2018 IS UP 18.8%
* ACTUAL GROUP GROSS REVENUE FOR PERIOD 1 JANUARY TO 25 MARCH 2018 IS FLAT Source text for Eikon: Further company coverage: