{"id":6322,"date":"2020-05-08T11:07:01","date_gmt":"2020-05-08T11:07:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=6322"},"modified":"2026-04-24T05:23:55","modified_gmt":"2026-04-24T08:23:55","slug":"donaco-shares-australia","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/donaco-shares-australia","title":{"rendered":"Aus court lifts freezing order on Donaco shares"},"content":{"rendered":"\n<p>Donaco-operated <em>Star Vegas<\/em> casino resort in Cambodia has had the ban imposed on its 148,199,529 ASX-listed\u00a0shares since April 2018.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- The Supreme Court of New South Wales has lifted a freezing order on shares in Donaco International Limited held by Thai vendors in Australia.<\/p>\n\n\n\n<p>Donaco-operated <em><strong>Star Vegas<\/strong><\/em> casino resort in Cambodia has had the ban imposed on its&nbsp;148,199,529 ASX-listed shares, equal to 17.99% of the company\u2019s issued share capital, since April 2018.<\/p>\n\n\n\n<p>Legal battles in Cambodia and Singapore have prevented Donaco from selling these ASX shares. <\/p>\n\n\n\n<p>With those legal battles now over following a recent settlement agreement, Donaco confirmed the freezing order had been lifted.<\/p>\n\n\n\n<p>The Thai vendors have agreed to a voluntary escrow which means they will not dispose of their shares for six months from March 2, 2020.<\/p>\n\n\n\n<p>Donaco recently <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/donaco-cash-reserves\">revealed it was &#8216;confident&#8217; in its cash reserves<\/a><\/em><\/strong> for 2020 as the operator battles the financial impact of Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donaco-operated Star Vegas casino resort in Cambodia has had the ban imposed on its 148,199,529 ASX-listed\u00a0shares since April 2018.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Supreme Court of New South Wales has lifted a freezing order on 17.99% of Donaco International Limited's ASX-listed shares, previously held by Thai vendors since April 2018, following the resolution of protracted legal disputes in Cambodia and Singapore. This development, which includes a six-month voluntary escrow agreement for the shares, provides clarity on Donaco's capital structure as the operator navigates the financial impacts of Covid-19.","focusai_entities":"Donaco International Limited, Star Vegas, Supreme Court of New South Wales, ASX","focusai_location":"Australia, Cambodia, Singapore, New South Wales","focusai_target_profile":"ceo_executive (0.9), compliance_legal (0.95), operator_casino (0.85), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Donaco's share price?","query":"What is the projected impact of the lifted freezing order and subsequent voluntary escrow on Donaco International Limited's ASX share price and trading liquidity in the short to medium term?"},{"label":"Financial outlook post-settlement?","query":"How does the resolution of these legal battles and the associated costs, combined with the ongoing Covid-19 impact, affect Donaco's revised financial projections and cash flow management for the remainder of 2020 and beyond?"}],"footnotes":""},"categories":[16336,28,161,156,158],"tags":[289,29,966,337],"class_list":["post-6322","post","type-post","status-publish","format-standard","hentry","category-australasia-news","category-casino-news","category-daily-news","category-regulation-news","category-slider-home","tag-australia","tag-casino","tag-donaco","tag-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=6322"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6322\/revisions"}],"predecessor-version":[{"id":777036309,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6322\/revisions\/777036309"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}