tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Donaco International Ltd. Faces Suspension Amid Acquisition

Story Highlights
Donaco International Ltd. Faces Suspension Amid Acquisition

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Donaco International Ltd. ( (AU:DNA) ).

Donaco International Ltd. announced that its securities will be suspended from quotation following the approval of a scheme of arrangement by the Supreme Court of New South Wales. This arrangement involves On Nut Road Limited acquiring all issued shares of Donaco, which could significantly impact the company’s market positioning and shareholder interests.

More about Donaco International Ltd.

Donaco International Ltd. operates in the entertainment and leisure industry, focusing primarily on casino and gaming services. The company is known for its operations in Southeast Asia, catering to both local and international markets.

Average Trading Volume: 1,793,537

Technical Sentiment Signal: Buy

Current Market Cap: A$55.54M

For an in-depth examination of DNA stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1