Donaco International completes delisting after shareholder approval
Supreme Court of NSW gives final clearance for acquisition.
Key points:
– Donaco International Limited removed from ASX official list today
– On Nut Road Limited acquires remaining shares under court-approved scheme
– Shareholders registered by 12 August to receive payment on 19 August
Donaco International Limited has formally ceased trading on the Australian Securities Exchange (ASX) after shareholders approved a scheme of arrangement leading to its acquisition by On Nut Road Limited.
The Supreme Court of New South Wales sanctioned the scheme earlier this month, enabling On Nut Road to purchase all outstanding shares not already under its ownership. Following lodgement of the court’s orders with the Australian Securities and Investments Commission (ASIC) on 8 August, Donaco’s securities were suspended from trading. The official removal from the ASX list took place at the close of business on 20 August.
The scheme record date was set for 12 August, determining which shareholders were entitled to receive consideration. Donaco confirmed that eligible shareholders will be paid on 19 August in line with the implementation timetable. Any future amendments to this schedule will be communicated through company announcements.
Good to know: Donaco shareholders voted overwhelmingly in favour of the deal on 1 August, with 98.1% of votes cast supporting the proposal
The decision comes as Donaco continues to navigate difficult trading conditions, particularly in its Cambodian operations. Donaco operated two major gaming assets: the Star Vegas Resort & Club in Poipet, Cambodia, and the Aristo International Hotel in northern Vietnam. The latter is a joint venture with the Vietnamese Government, where Donaco held a 95% stake.
With the completion of the acquisition, Donaco now enters a new chapter under On Nut Road’s ownership, marking the end of its two-decade presence on the ASX.
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