Successful Completion of Retail Entitlement Offer
Sydney, Feb 26, 2015 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) announced on 30 January 2015 a fully underwritten 10 for 21 non-renounceable entitlement offer ("Entitlement Offer") to raise approximately A$132 million. The institutional component of the Entitlement Offer was completed on Tuesday, 10 February 2015 and raised approximately $92.4 million.
The retail component of the Entitlement Offer opened on Monday, 9 February 2015, on the terms set out in the Offer Booklet lodged on Monday, 2 February 2015, and closed at 5.00pm on Monday, 23 February 2015. Eligible retail shareholders subscribed for a total of 41.5m shares (representing approximately $24.9 million).
The offer is fully underwritten and the shortfall in entitlements not taken up by existing holders will be allocated to participants in the Retail Bookbuild or subsequently, to the sub-underwriters for the offer who have provided binding commitments.
Shares subscribed for under the Retail Entitlement Offer and shares subscribed under the Underwriting Agreement are expected to be issued on Monday, 2 March 2015, and commence trading on Tuesday, 3 March 2015.
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
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