Donaco International Delists from ASX Following Merger with On Nut Road Limited
Delisting Confirmed After On Nut Road Acquisition
Donaco International Limited, a prominent player in the Asia Pacific leisure sector, has officially delisted from the Australian Securities Exchange (ASX). This development comes after the successful acquisition of Donaco by On Nut Road Limited, a special purpose vehicle supported by Argyle. The takeover received all required approvals from shareholders and regulatory bodies, enabling the transaction to be finalized.
Trading Ceased on ASX
The New South Wales Supreme Court recently granted its approval for On Nut Road Limited’s acquisition of Donaco International, putting an end to the trading of DNA shares on the ASX. Following the completion of this scheme, Donaco ceased trading on Wednesday, 20 August 2025, in line with ASX’s Listing Rule 17.11. The company assured that all qualifying shareholders received their payments by 19 August 2025.
A New Chapter After Nearly Two Decades
Donaco’s management and shareholders had previously shown strong support for the acquisition proposal by On Nut Road Limited. The decision to merge comes during a challenging period for Donaco, which faced multiple difficulties including tax uncertainties in Cambodia and operational setbacks. Additionally, the Thai border restrictions negatively affected customer flow to Donaco’s Star Vegas Resort & Club.
With this change in ownership, Donaco aims to overcome current challenges and pursue future growth opportunities. However, this merger also symbolizes the conclusion of Donaco’s nearly 21-year presence on the ASX, marking the end of a significant era for the company.
