Successful Completion of Institutional Entitlement Offer
Sydney, Feb 11, 2015 AEST (ABN Newswire) - Donaco International Limited (
ASX:DNA) announces that the institutional component of its entitlement offer was successfully settled on Tuesday, 10 February 2015 to institutional investors that participated in the Institutional Bookbuild. A total of $92.4 million was raised, representing 100% of the institutional component of the offer. This will result in the issue of 154,014,665 new shares in the Company, which are expected to commence trading today, Wednesday, 11 February 2015.
The retail component of the entitlement offer opened on Monday, 9 February 2015, on the terms set out in the Offer Booklet released to the market on Tuesday, 3 February 2015. The retail component of the offer will close on Monday, 23 February 2015, with the shares expected to commence trading on Tuesday, 3 March 2015.
The offer is fully underwritten and any shortfall in entitlements not taken up by retail holders will be allocated to participants in the Retail Bookbuild or subsequently, to the sub-underwriters for the offer who have already provided binding commitments.
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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