{"id":777028120,"date":"2025-06-20T10:05:28","date_gmt":"2025-06-20T13:05:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777028120"},"modified":"2026-04-21T21:42:14","modified_gmt":"2026-04-22T00:42:14","slug":"court-approves-donacos-scheme-booklet-distribution-for-acquisition","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/court-approves-donacos-scheme-booklet-distribution-for-acquisition","title":{"rendered":"Court approves Donaco scheme booklet distribution for acquisition"},"content":{"rendered":"\n

The final court hearing will take place on August 7.<\/p>\n\n\n\n\n\n\n\n

Australia.- Donaco International has received approval from the Supreme Court of New South Wales to distribute a scheme booklet and convene a scheme meeting as part of On Nut Road Limited\u2019s (ONR) proposed acquisition of the company’s shares<\/a>.<\/p>\n\n\n\n

Donaco reported that BDO Corporate Finance had concluded that the scheme is fair and reasonable and in the best interests of shareholders, in the absence of a superior proposal. The Donaco board recommends shareholders vote in favour of the scheme.<\/p>\n\n\n\n

The company will send the scheme booklet to shareholders on June 30. Shareholders will meet on August 4, and the final court hearing will take place on August 7. If approved, the transaction will become effective on August 8 and will be completed by August 19.<\/p>\n\n\n\n

Donaco reiterated that the delay to the original scheme timeline arose due to \u201ca delay in third parties returning valuation inputs to the Independent Expert, lengthier than expected analysis of change of control provisions under Cambodian and Vietnamese law, and various holiday periods across Australia, Vietnam and Cambodia.\u201d<\/p>\n\n\n\n

For the first half of the financial year<\/a>, Donaco reported net revenue of AU$21.83m (US$13.6m), up 12 per cent in year-on-year terms, while earnings before interest, taxation, depreciation and amortisation (EBITDA) reached AU$11.39m (US$7.10m), up 17.0 per cent. According to the company, the rise highlights steady growth following stringent financial management and increased traffic from tourism.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The final court hearing will take place on August 7.<\/p>\n","protected":false},"author":218,"featured_media":19768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Donaco International has secured Supreme Court approval to proceed with On Nut Road Limited's (ONR) acquisition proposal, with the scheme deemed fair and reasonable by an independent expert and recommended by the board. The acquisition timeline, previously delayed due to legal analysis of change of control provisions under Cambodian and Vietnamese law, is now set for shareholder approval on August 4 and final court hearing on August 7. Donaco reported H1 FY net revenue of AU$21.83m and EBITDA of AU$11.39m, reflecting steady growth.","focusai_entities":"Donaco International, On Nut Road Limited (ONR), Supreme Court of New South Wales, BDO Corporate Finance","focusai_location":"Australia, Cambodia, Vietnam","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Legal Impact of M&A?","query":"What specific change of control provisions under Cambodian and Vietnamese law were scrutinized, and what precedent does this set for future iGaming M&A in the region?"},{"label":"Valuation & Market Impact?","query":"How does BDO Corporate Finance's 'fair and reasonable' assessment align with Donaco's current enterprise valuation and the broader APAC gaming sector's M&A multiples?"}],"footnotes":""},"categories":[16336,157,24566],"tags":[966],"class_list":["post-777028120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-uncategorized","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028120","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\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777028120"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028120\/revisions"}],"predecessor-version":[{"id":777028126,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777028120\/revisions\/777028126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19768"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777028120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777028120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777028120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}