Proactiveinvestors Australia - Leisure RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Leisure feed en Sun, 21 Jan 2018 17:05:04 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Indoor Skydive Australia Group gets ready to raise http://www.proactiveinvestors.com.au/companies/news/169788/indoor-skydive-australia-group-gets-ready-to-raise-169788.html Thu, 01 Dec 2016 07:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169788/indoor-skydive-australia-group-gets-ready-to-raise-169788.html Challenger’s New York wheel now fully funded http://www.proactiveinvestors.com.au/companies/news/128402/challengers-new-york-wheel-now-fully-funded-128402.html Wed, 20 Jul 2016 18:38:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128402/challengers-new-york-wheel-now-fully-funded-128402.html Challenger Acquisitions eyes new revenue opportunities with manufacturing facility http://www.proactiveinvestors.com.au/companies/news/127843/challenger-acquisitions-eyes-new-revenue-opportunities-with-manufacturing-facility-127843.html Tue, 05 Jul 2016 20:53:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127843/challenger-acquisitions-eyes-new-revenue-opportunities-with-manufacturing-facility-127843.html Challenger Acquisitions director dealings http://www.proactiveinvestors.com.au/companies/news/127518/challenger-acquisitions-director-dealings-127518.html Mon, 27 Jun 2016 16:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127518/challenger-acquisitions-director-dealings-127518.html Challenger Acquisitions wheels out loan note http://www.proactiveinvestors.com.au/companies/news/127099/challenger-acquisitions-wheels-out-loan-note-127099.html Tue, 14 Jun 2016 19:38:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127099/challenger-acquisitions-wheels-out-loan-note-127099.html CEO Gustafson's Challenger Acquisitions share buying spree continues http://www.proactiveinvestors.com.au/companies/news/125687/ceo-gustafson-s-challenger-acquisitions-share-buying-spree-continues-125687.html Mon, 09 May 2016 17:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125687/ceo-gustafson-s-challenger-acquisitions-share-buying-spree-continues-125687.html Challenger Acquisitions chief buys 100,000 shares in firm http://www.proactiveinvestors.com.au/companies/news/125478/challenger-acquisitions-chief-buys-100000-shares-in-firm-125478.html Tue, 03 May 2016 18:03:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125478/challenger-acquisitions-chief-buys-100000-shares-in-firm-125478.html Challenger Acquisitions says wheels are in motion http://www.proactiveinvestors.com.au/companies/news/125299/challenger-acquisitions-says-wheels-are-in-motion-125299.html Wed, 27 Apr 2016 20:23:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125299/challenger-acquisitions-says-wheels-are-in-motion-125299.html Challenger Acquisitions secures support for loan note roll-over http://www.proactiveinvestors.com.au/companies/news/125224/challenger-acquisitions-secures-support-for-loan-note-roll-over-125224.html Tue, 26 Apr 2016 18:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125224/challenger-acquisitions-secures-support-for-loan-note-roll-over-125224.html Challenger Acquisitions Ltd makes headway on wheel plans http://www.proactiveinvestors.com.au/companies/news/124244/challenger-acquisitions-ltd-makes-headway-on-wheel-plans-124244.html Thu, 31 Mar 2016 17:46:00 +1100 http://www.proactiveinvestors.com.au/companies/news/124244/challenger-acquisitions-ltd-makes-headway-on-wheel-plans-124244.html Challenger Acquisitions issues £0.5mln of convertible notes http://www.proactiveinvestors.com.au/companies/news/123242/challenger-acquisitions-issues-05mln-of-convertible-notes-123242.html Thu, 03 Mar 2016 19:04:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123242/challenger-acquisitions-issues-05mln-of-convertible-notes-123242.html Challenger Acquisitions lifted by Jakarta big wheel location news http://www.proactiveinvestors.com.au/companies/news/122778/challenger-acquisitions-lifted-by-jakarta-big-wheel-location-news-122778.html Mon, 22 Feb 2016 19:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/122778/challenger-acquisitions-lifted-by-jakarta-big-wheel-location-news-122778.html Challenger Acquisitions to increase stake in New York Wheel http://www.proactiveinvestors.com.au/companies/news/121931/challenger-acquisitions-to-increase-stake-in-new-york-wheel-121931.html Fri, 29 Jan 2016 20:24:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121931/challenger-acquisitions-to-increase-stake-in-new-york-wheel-121931.html Challenger Acquisitions adds two big wheels to the board http://www.proactiveinvestors.com.au/companies/news/121203/challenger-acquisitions-adds-two-big-wheels-to-the-board-121203.html Tue, 12 Jan 2016 19:05:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121203/challenger-acquisitions-adds-two-big-wheels-to-the-board-121203.html Challenger a big wheel in London as re-listed shares soar http://www.proactiveinvestors.com.au/companies/news/120163/challenger-a-big-wheel-in-london-as-re-listed-shares-soar-120163.html Tue, 08 Dec 2015 19:07:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120163/challenger-a-big-wheel-in-london-as-re-listed-shares-soar-120163.html Challenger Acquisitions ready to roll after completing Starneth acquisition http://www.proactiveinvestors.com.au/companies/news/109070/challenger-acquisitions-ready-to-roll-after-completing-starneth-acquisition-109070.html Thu, 16 Jul 2015 19:31:00 +1000 http://www.proactiveinvestors.com.au/companies/news/109070/challenger-acquisitions-ready-to-roll-after-completing-starneth-acquisition-109070.html Donaco International moving ahead with acquisition of Cambodia resort and club http://www.proactiveinvestors.com.au/companies/news/135414/donaco-international-moving-ahead-with-acquisition-of-cambodia-resort-and-club-61194.html Donaco International (ASX:DNA) continues to progress the proposed US$360 million acquisition of Star Vegas Resort and Club in Cambodia with conditions being resolved.

It also confirmed that it has signed a binding commitment letter with Taiwan’s Mega International Commercial Bank Co., Ltd for the US$100 million commercial loan facility in relation to the acquisition.

The consideration for the acquisition of Star Vegas consists of:

- The issue of 147,199,529 DNA shares;
- US$40 million from existing cash reserves;
- US$100 million from the bank facility; and
- US$100 million from the completed entitlement offer.
 
The acquisition provides enhanced scale and diversification, as well as immediate and meaningful earnings per share accretion.

Star Vegas is the newest luxury Poipet casino hotel, and is located on the Thailand border, with the primary clientele being Thai nationals.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 Mar 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135414/donaco-international-moving-ahead-with-acquisition-of-cambodia-resort-and-club-61194.html
Donaco International eyes Cambodian gaming business http://www.proactiveinvestors.com.au/companies/news/135413/donaco-international-eyes-cambodian-gaming-business-60269.html Leisure and casino operator Donaco International (ASX:DNA) will report on an acquisition of a gaming and hospitality business in Cambodia after entering a trading halt to make an announcement.

The business is profitable and generating cash flows which Donaco was undertaking due diligence on with a flagged aquisition price of 6x EBITDA for 2014.

The consideration was to be a mixture of cash, debt, and equity. The proposed acquisition was expected to generate positive earnings per share.

The trading halt is expected to last for two days.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 23 Jan 2015 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135413/donaco-international-eyes-cambodian-gaming-business-60269.html
Donaco International revenues rise on casino wins http://www.proactiveinvestors.com.au/companies/news/135412/donaco-international-revenues-rise-on-casino-wins--57142.html Donaco International’s (ASX:DNA) Vietnamese casino operations have demonstrated strong growth with operating revenues up 33% while company revenue increased 80% to $28.24 million for the 2014 financial year.

EBITDA was up 29% to $8.86 million while net profit after tax (excluding non-recurring items) is up 52% to $7.93 million.

Notably, the results only include the performance of its Aristo International Hotel – an expanded five star property with 428 rooms and 40 gaming tables – for six weeks.

In addition, Aristo was operating in soft opening mode with not all facilities available.

Non-gaming hotel revenue also showed very strong growth of 96%, with most of the increase coming after Aristo opened in May. This reflects the quality of the guest rooms, restaurants and other non-gaming amenities at the new property.

Remaining works include normal touch up and defect work and Donaco is now ready to     begin full marketing.

The company has $98 million in cash as at 30 June 2014 and is working on a pipeline of opportunities in the leisure and hospitality industry primarily in South East Asia.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 26 Aug 2014 08:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/135412/donaco-international-revenues-rise-on-casino-wins--57142.html
Indoor Skydive revenues on track with positive initial tunnel use http://www.proactiveinvestors.com.au/companies/news/137214/indoor-skydive-revenues-on-track-with-positive-initial-tunnel-use-55135.html Indoor Skydive Australia Group (ASX:IDZ) has revealed that initial utilisation rates and revenue from Australia’s first indoor skydiving facility is in line with management expectations and that early brand recognition is strong.

The Penrith indoor skydiving facility opened to the public on 26 April 2014 after successful interim operations.

The utilisation of the facility by weekend first time flyers has been particularly strong and reflects marketing and distribution efforts over the last few months.

Early trading experience is being monitored to understand the impact of early adopter enthusiasm and brand recognition to validate baseline capacity utilisation.

The professional skydivers and military use of the facility has been inline with expectations and consistent with the enthusiasm displayed in October 2013, when the early bird offer made exclusively to professional skydivers sold out in 5 days.

Military training programs commenced at the facility on 30 April 2014 and will continue to be provided throughout the year.

The corporate market response has also been positive with Exact Target conducting the first corporate event on 24 March 2014.

In addition, the Australian Parachuting Federation is holding its annual conference at Penrith this week which brings 150 delegates to the area and significant tunnel utilisation after conference hours.

The focus is now turning to tailoring standard solutions for the corporate market, implementing ‘value add’ programs such as the Junior iFlyer, education and training programs, and converting first time flyers to frequent flyers.

These initiatives are designed to increase demand during ‘off peak’ hours and increase overall tunnel utilisation.

The systems and processes at the facility have all performed well during the initial opening period with no significant issues or setbacks.

Some minor fit out works remain to be completed with the key area being the café, upRAW Café & Juice Bar.

Full operations at the café are expected by the end of this month.

The next facility to proceed to construction will be at Surfers Paradise on the Gold Coast, where a tenancy proposal has been entered into for the preferred site and an agreement for lease is expected to be finalised shortly.

Surfers Paradise Boulevard which offers high visibility for local and visitor traffic and should enables IDZ to capture part of the tourist market which is almost 12 million visitors per year.

The request for development approval will be submitted in June 2014 to enable construction to be commenced prior to an increase in building activity in the area ahead of the 2018 Commonwealth Games.

As part of this process key suppliers have been identified as well as a broad construction plan.

Initial estimates of the capital costs for the tunnel are between $9.5 million and $10.5 million.

Furthermore, IDZ has expansion plans and continues to finalise site identification and selection for facilities in Adelaide, Perth and Melbourne.

The next project is likely to overlap the Gold Coast construction and be in either Perth or Adelaide.

IDZ is presently valued at $58 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 22 May 2014 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137214/indoor-skydive-revenues-on-track-with-positive-initial-tunnel-use-55135.html
Donaco International heads to market http://www.proactiveinvestors.com.au/companies/news/135411/donaco-international-heads-to-market-53812.html Donaco International’s (ASX: DNA) shares have been placed in pre-open after it was granted an ASX trading halt relating to a proposed capital raising.

The halt will last until the earlier of the announcement being made or the start of trading on Tuesday, 25 March 2014.

The company’s Vietnamese casino operations continue to show growth with operating revenue rising 100% to $12.57 million for the half-year ending 31 December 2013.

Net profit for the period was up 21% to $2.95 million.

Donaco is also spinning off its mobile technology business, iSentric, into a new company separately listed on the ASX.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 20 Mar 2014 18:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135411/donaco-international-heads-to-market-53812.html
Donaco International to spin out mobile payments and banking technology business http://www.proactiveinvestors.com.au/companies/news/135410/donaco-international-to-spin-out-mobile-payments-and-banking-technology-business-53184.html Donaco International (ASX:DNA) should trade higher after revealing plans to spin off its mobile technology business, iSentric, into a new company separately listed on the ASX.

Establishing iSentric as a separate ASX-listed company will enable it to receive the proper focus from investors, who have been eager to follow similar businesses operating in this space.

The iSentric business is cashflow positive, based in Kuala Lumpur, and was acquired by Donaco for $8.5 million in scrip in June 2013.

iSentric has interests and expertise in most segments of the mobile services sector, including mobile content distribution, mobile payment aggregation and mobile banking.
 
iSentric specialises in mobile micropayments for digital content, via partnerships with telco operators.

Key clients for the mobile content distribution business include Huawei, Digi and Celcom.

The business also focuses on the mobile enterprise segment, with clients for its mobile banking arm including Citibank and Maybank.

Since its acquisition by Donaco, iSentric has been engaged in providing technology services to Donaco's core hotel and casino business in Vietnam.

However, the core mobile technology arm of the iSentric business has continued to develop, and has been presented with many opportunities for growth in the areas of mobile commerce, content publishing, and location-based services.

To implement the spin off, Donaco has signed a Transaction Implementation Deed with OMI Holdings (ASX:OMI), which values iSentric at $12 million.

OMI will issue 228,604,384 shares to Donaco, and in return, Donaco will transfer its 100% ownership of iSentric to OMI.

Donaco will own 89.85% of the combined entity, and current OMI shareholders and convertible note investors will own 10.15%.

Donaco then intends to distribute its shares in the combined entity to its shareholders in specie, on a pro rata basis.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 26 Feb 2014 11:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135410/donaco-international-to-spin-out-mobile-payments-and-banking-technology-business-53184.html
Indoor Skydive Australia on schedule with construction of its indoor facility in NSW http://www.proactiveinvestors.com.au/companies/news/137213/indoor-skydive-australia-on-schedule-with-construction-of-its-indoor-facility-in-nsw-51971.html Indoor Skydive Australia (ASX: IDZ) is on schedule for practical completion of works at its Penrith facility New South Wales in the later part of the current quarter.

Demand for the company’s indoor skydiving facilities is high with thrill-seekers snapping up $400,000 worth of advance sky diving time in just 4 hours during a limited “Early Bird Sale” during an international skydiving event late last year.

This also resulted in the total allotment of 500 hours vertical wind tunnel time being sold out in four days.

Construction of the facility is ongoing with the craning of over 157 tonnes of SkyVenture components into the facility structure in addition to the installation of the central flight chamber.

The construction team has been focused on the assembly and installation of the SkyVenture tunnel components and integrating the facility with essential services.

This includes the successful completion of the four big lifts over a three day period.

In addition, the 5 metre diameter glass flight chamber – one of the largest in the world – has also now been installed, providing an uninterrupted view for flyers and spectators.

The next stage of construction focuses on the mechanical and electrical infrastructure throughout the facility and the integration into existing services.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 17 Jan 2014 13:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137213/indoor-skydive-australia-on-schedule-with-construction-of-its-indoor-facility-in-nsw-51971.html
Donaco International increases stake in Vietnam casino by 20% to 95% http://www.proactiveinvestors.com.au/companies/news/135409/donaco-international-increases-stake-in-vietnam-casino-by-20-to-95-51493.html Donaco International (ASX: DNA) has signed a binding agreement for the purchase of an additional 20% stake in the Lao Cai International Hotel Joint Venture, increasing its stake to 95%.

Lao Cai is the vehicle that owns a successful boutique hotel and casino in northern Vietnam, the first fully licensed table gaming business in the country.

It also holds a new five star resort hotel and casino in the same location that is currently under construction and is on track for a soft opening in early March 2014.

The remaining 5% in Lao Cai is held by the Government of Vietnam.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 30 Dec 2013 18:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135409/donaco-international-increases-stake-in-vietnam-casino-by-20-to-95-51493.html
Donaco International heads to market http://www.proactiveinvestors.com.au/companies/news/135408/donaco-international-heads-to-market-50327.html Donaco International (ASX: DNA) has placed its shares into pre-open after it was granted an ASX trading halt regarding a proposed capital raising.

The halt will remain in place until the opening of trade on Thursday 21st November 2013, or earlier if an announcement is made to the market.

The company noted yesterday that results for the September 2013 quarter were in line with performance in the March and June quarters.

It will also soon open a new five star hotel with casino in Vietnam.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Nov 2013 16:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135408/donaco-international-heads-to-market-50327.html
Indoor Skydive Australia on the up http://www.proactiveinvestors.com.au/companies/news/137212/indoor-skydive-australia-on-the-up-49743.html Indoor Skydive Australia Group (ASX:IDZ) is delivering in its quest to bring indoor skydiving facilities down under, with thrill-seekers snapping up $400,000 worth of advance sky diving time sold in 4 hours.

The total allotment of 500 hours vertical wind tunnel time at its Penrith Facility in New South Wales was sold out in 4 days.

ISA Group's customer facing brand, iFLY Downunder, entered the market with an early bird offer to experienced skydivers and tunnel flyers.

Initially launched at the West Coast Sundowner, an international skydiving event in Perth, the offer was marketed to experienced flyers entitling them to purchase tunnel time following the opening of the Penrith facility in 2014.

Lessons learnt from this activity are being incorporated into final sales systems and processes.

The early bird offers provided an opportunity to test the market and processing systems, and the public demand was  strong, validating Indoor's business plan.

Indoor recently completed a capital raising and placement for $10.4 million to fund expansion and strengthen its management team, with a focus to constructing additional vertical wind tunnels.

Construction of the Penrith facility is entering the final stages of equipment installation, fit-out, commissioning and obtaining applicable operating licences.

Since the last construction update the basement walls have been completed, waterproof membrane applied, structural steel beams for the first level installed and footings work for the ground floor slab are nearing completion.
 
Indoor currently expects practical completion of the works at the Penrith facility towards the later part of the 1st quarter 2014, allowing capitalisation on the Easter School holidays and the demand for "all weather entertainment" during the cooler months.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 01 Nov 2013 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137212/indoor-skydive-australia-on-the-up-49743.html
Indoor Skydive Australia to outline institutional bookbuild http://www.proactiveinvestors.com.au/companies/news/137211/indoor-skydive-australia-to-outline-institutional-bookbuild-48211.html Indoor Skydive Australia (ASX: IDZ) is preparing an update on the institutional component of a proposed capital raising and has been granted an ASX trading halt.

The raising comprises an accelerated, renounceable pro-rata entitlement offer of shares.

The halt will be in place until the open of trade on Monday 23rd September 2013, unless announced earlier

Indoor Skydive is currently constructing Australia's only large scale commercial indoor skydiving facility at Penrith, New South Wales, with completion expected in the first quarter of 2014.

This will house one of the largest Vertical Wind Tunnels (VWT) available in the world that can accommodate up to eight professional skydivers, or two amateurs, at a time for training or entertainment.

It had in August reached an alliance agreement with the Australian Parachute Federation Incorporated to support the development of the sport of skydiving within Australia.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 19 Sep 2013 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137211/indoor-skydive-australia-to-outline-institutional-bookbuild-48211.html
Donaco International raises the stakes in Vietnamese Casino http://www.proactiveinvestors.com.au/companies/news/135407/donaco-international-raises-the-stakes-in-vietnamese-casino-45926.html Donaco International (ASX: DNA) is poised to increase its 75% stake in the joint venture company operating the Lao Cai International Hotel, after reaching a non-binding agreement in principle.

The Lao Cai International Hotel, a casino in northern Vietnam, is located on the border with Yunnan Province in China - and has been operated by Donaco since 2002.

The hotel is the first fully licensed table gaming business in Vietnam, and the property is currently being expanded from a 3-star 34 room hotel, to a brand new resort complex with 428 hotel rooms.

Donaco operates the business in the Lao Cai International Hotel joint venture company - with the remaining 25% held by the Government of Vietnam, through a state-owned enterprise called PetroVietnam Sapa Tourism Joint Stock Company (PVST).

Donaco and PVST have now reached agreement in principle for Donaco to buy an additional 20% interest in the joint venture, leaving the Government of Vietnam with the remaining 5%. Donaco's total cost to acquire the 20% stake is US$4 million.


Agreement signed

The parties have signed a non-binding Memorandum of Understanding to reflect the agreed transaction.

Completion of the transaction is subject to completion of the legal procedure under the joint venture contract for the transfer of the stake, together with receipt of all regulatory approvals - which could take around three months, with the full price to be paid when the transfer is completed.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 24 Jul 2013 16:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/135407/donaco-international-raises-the-stakes-in-vietnamese-casino-45926.html
Donaco International to acquire profitable mobile services business in Asia http://www.proactiveinvestors.com.au/companies/news/135406/donaco-international-to-acquire-profitable-mobile-services-business-in-asia-42039.html Donaco International (ASX:DNA) will expand its Asian footprint with the potential acquisition of iSentric's mobile services and online gaming platform in a deal valued at $8.75 million.

It has entered into a binding agreement to acquire all the issued capital in iSentric Sdn Bhd, a mobile services company in Malaysia as well as iSentric Australia, a related business based in Australia.

iSentric Australia has signed conditional agreements to acquire existing online gaming and sportsbook licences issued in the Northern Territory.

The acquisitions will be made via the issue of Donaco shares, valued at 38 cents per share, which is a premium of 8.6% to the price of Donaco's recent capital raising.

The deal will involve a payment of $8.5 million in shares for iSentric and a payment of $0.25 million in shares for iSentric Australia.

The acquisition values iSentric at a historical multiple of 9 times net profit, and will be EPS accretive for Donaco.

iSentric was initially a developer of GSM-based messaging solutions but now has significant interests and expertise in almost every segment of the mobile services sector, including mobile content distribution, mobile payment aggregation, mobile banking and bespoke corporate mobility solutions.

Donaco International operates leisure, entertainment and associated technology businesses across the Asia Pacific region.

Its flagship business is the Lao Cai International Hotel, a successful boutique casino in northern Vietnam. It was established in 2002, and is located on the border with Yunnan Province, China.

Donaco operates the business and owns a 75% interest, in a joint venture with the Government of Vietnam.

Donaco recently completed a private placement of 71.4 million shares at $0.35 per share to raise around $25 million.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 15 Apr 2013 15:40:00 +1000 http://www.proactiveinvestors.com.au/companies/news/135406/donaco-international-to-acquire-profitable-mobile-services-business-in-asia-42039.html
Donaco International to divulge details of capital raising http://www.proactiveinvestors.com.au/companies/news/135405/donaco-international-to-divulge-details-of-capital-raising-40988.html Donaco International (ASX: DNA) is planning to make a material announcement regarding a proposed capital raising and has been granted a trading halt from the ASX.

The company recently completed a reverse takeover of Australian interactive media and gambling applications company Two Way.

Donaco now operates leisure, entertainment and associated technology businesses across the Asia Pacific region.

The company’s flagship business is the Lao Cai International Hotel, a successful boutique casino in northern Vietnam.

Donaco operates the business and owns a 75% interest in a joint venture with the Government of Vietnam.

The Lao Cai International Hotel is the first fully licensed table gaming business in Vietnam.

The property is currently being expanded from a 3-star 32 room hotel, to a brand new resort complex with 428 hotel rooms.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Friday 22 March.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 20 Mar 2013 09:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/135405/donaco-international-to-divulge-details-of-capital-raising-40988.html