SKYCITY ENTERTAINMENT SAYS IT UNANIMOUSLY DETERMINED THE PROPOSALS DID NOT ADEQUATELY REFLECT THE UNDERLYING VALUE OF THE COMPANY AND THAT NEITHER PARTY SUBMITTED A REVISED, IMPROVED PROPOSAL, ADDING THAT IT CONTINUES TO FOCUS ON ITS ASSET MONETISATION PROGRAMME AND STRATEGIC REVIEW OF SKYCITY ADELAIDE.

SKYCITY ENTERTAINMENT, RESPONDING TO MEDIA SPECULATION THAT IT IS IN DISCUSSIONS WITH OAKTREE CAPITAL OVER A POTENTIAL TAKEOVER, SAYS IT RECEIVED A PROPOSAL IN MAY FROM A SPECIAL SITUATIONS FUND MANAGED BY OAKTREE CAPITAL MANAGEMENT TO BUY SKYCITY AT AN INDICATIVE PRICE OF NZ$0.70 CASH PER SHARE, ALONGSIDE A PROPOSAL FROM ANOTHER PARTY AT AN IMPLIED INDICATIVE PRICE OF NZ$0.75 CASH PER SHARE.

Step into a floating world above the clouds. No noise. No chaos. Just ancient stones, drifting mist, and pure silence. Welcome to #MountFanjing# – the real sky city. Let the clouds wash your worries away. Let the peaks heal your heart. #HealInNature# #CloudsAbove#

At just 9 years old, she's already a Chinese National Geographic photographer. Her video of #MountFanjing# is pure magic. Through a child's lens, the Red Cloud Golden Summit becomes even more breathtaking — a real-life sky city floating above the clouds. #UNESCO# #Photographer#