Australia's Star Entertainment hits record low on capital restructure plans

<html xmlns=""><head><title>BUZZ-Australia's Star Entertainment hits record low on capital restructure plans</title></head><body>

** Shares of Star Entertainment SGR.AX fall as much as 19.7% to a record low of A$0.603

** Shares of casino operator resumed trading after it said it aims to raise A$750 mln ($480 mln) as a part of a major capital restructure

** Co added it would raise equity at 60 Australian cents per share

** SGR is the top loser in the benchmark ASX 200 index

** The Relative Strength Index (RSI) is trading close to 17-mark, suggesting that the stock may be oversold

** A score of above 70 on the RSI, a technical indicator, indicates the stock is overbought, while one below 30 suggests it is oversold

** About 16.5 mln shares change hands, compared with the 30-day average of 7.6 mln shares

** Stock down 54% this year, as of last close

($1 = 1.5625 Australian dollars)

Reporting by Navya Mittal in Bengaluru


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