Successful Completion of Underwritten Offer
Sydney, Mar 2, 2015 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) confirms that shares issued under the retail component of its fully underwritten 10 for 21 non-renounceable entitlement offer ("Entitlement Offer") have been issued today, 2 March 2015.
Eligible shareholders have subscribed for a total of 40,009,190 shares (representing approximately $24.0 million) under the Retail Entitlement Offer.
As the Retail Entitlement Offer is fully underwritten, the balance of 25,979,108 shares (representing approximately $15.6 million) has now been subscribed for under the terms of the Underwriting Agreement.
This completes the full raising under the Entitlement Offer of $132,001,778 (before expenses).
The Board would like to thank all shareholders for their support of the Company and of the Entitlement Offer.
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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