{"id":777030033,"date":"2025-08-07T08:52:16","date_gmt":"2025-08-07T11:52:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030033"},"modified":"2026-04-21T20:19:31","modified_gmt":"2026-04-21T23:19:31","slug":"nsw-court-approve-donaco-takeover-by-hong-kong-fund","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nsw-court-approve-donaco-takeover-by-hong-kong-fund","title":{"rendered":"NSW Court approves Donaco takeover by Hong Kong fund"},"content":{"rendered":"\n

On Nut Road Limited will acquire 100 per cent of the shares in Donaco that it does not already own.<\/p>\n\n\n\n\n\n\n\n

Australia.- Donaco International has announced that the Supreme Court of New South Wales has approved the proposed scheme of arrangement<\/a> under which On Nut Road Limited will acquire 100 per cent of the shares it does not already own.The projected effective date is tomorrow, with a scheme implementation date of August 19.<\/p>\n\n\n\n

Last week, Donaco International received shareholder approval<\/a> for the proposed acquisition by Argyle Street Management\u2019s Hong Kong-based special-purpose investment vehicle. <\/p>\n\n\n\n

Donaco operates the DNA Star Vegas resort in Poipet, Cambodia, and the Aristo International Hotel in Lao Cai, Vietnam. The company has seen challenges sine the pandemic. More recently, its flagship Cambodian property saw a steep revenue decline<\/a> due to border and power supply disruptions. In Q2 2025, group EBITDA dropped 57 per cent year-on-year, with revenue at Star Vegas down to AU$4.31m (US$2.79m).<\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Court approves Donaco scheme booklet distribution for acquisition<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

On Nut Road Limited will acquire 100 per cent of the shares in Donaco that it does not already own.<\/p>\n","protected":false},"author":226,"featured_media":777029785,"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 approved On Nut Road Limited's scheme of arrangement to acquire 100% of Donaco International shares it does not already own. This M&A transaction, previously approved by shareholders, is set for implementation on August 19, following Donaco's recent operational challenges and significant revenue decline in its Cambodian and Vietnamese gaming verticals.","focusai_entities":"On Nut Road Limited, Donaco International, Argyle Street Management, Supreme Court of New South Wales","focusai_location":"Australia, Hong Kong, Cambodia, Vietnam, Poipet, Lao Cai","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.95), operator_casino (0.8), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Strategic Post-Acquisition Plan","query":"What are the strategic post-acquisition plans for On Nut Road Limited to address Donaco's operational challenges and restore profitability in its Cambodian and Vietnamese gaming verticals?"},{"label":"Regulatory Impact Analysis","query":"How will the change of control impact Donaco's existing B2B\/B2C licensing and regulatory compliance obligations across its operational jurisdictions, particularly concerning governance frameworks?"}],"footnotes":""},"categories":[16336,157],"tags":[289,30,966],"class_list":["post-777030033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-australia","tag-cambodia","tag-donaco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030033","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777030033"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030033\/revisions"}],"predecessor-version":[{"id":777030043,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030033\/revisions\/777030043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777029785"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}