Donaco International to exit ASX on August 20th post-takeover

Donaco International Limited, a gaming and hospitality company operating two border casinos in Cambodia and Vietnam, will be delisted from the Australian Securities Exchange (ASX) effective at the close of trading on Wednesday, August 20th, 2025. 

This follows the completion of a AU$35.2 million ($22 million) takeover by Hong Kong-based On Nut Road Limited (ONR), a special purpose vehicle managed by Argyle Street Management. The deal, approved by the Supreme Court of New South Wales on August 14th, 2025, saw ONR acquire 100 percent of Donaco’s shares it did not already own.

According to the latest filing to the ASX, the scheme of arrangement was implemented on August 19th, with shareholders receiving AU$0.045 ($0.03) per share in cash, paid to those holding Donaco shares as of 5:00 pm (AEST) on August 12th, 2025. Trading of Donaco shares on the ASX was suspended on August 8th, 2025, after the company lodged court orders with the Australian Securities and Investments Commission (ASIC). The delisting marks the final step in the acquisition process, which received overwhelming shareholder approval during a vote on August 11th, 2025.

Donaco’s portfolio includes the DNA Star Vegas resort in Poipet, Cambodia, and the Aristo International Hotel in Lao Cai, Vietnam. The takeover by ONR signals a strategic shift for the company, which has operated these properties as key assets in the regional gaming market.