Douugh Limited

Signing of Binding Term Sheet: Douugh Limited (ASX: DOU) is a purpose-led fintech and next-generation neobank. On 6^th January 2021, the company notified the market that it has inked a binding term sheet to acquire 100% stake in the consumer business of Goodments Pty Ltd, which is a millennial investing fintech company. The consideration for the transaction is based on scrip basis. This acquisition is likely to develop and strengthen the depth of the DOU’s planned “Wealth Jars” feature. On 8^th December 2020, the company also completed $12 million placement. In addition, the company is seeking to provide a platform to help people better manage their money and make the word financially healthier. The company is likely to accelerate product development measures and customer acquisition initiatives in the US with the help of more than $16 million of cash at bank. During the quarter ended 30^th September 2020, the company was mainly focused on the listing on ASX. The net cash outflow from the operating activities stood at $317k and inflow of $78k from investing activities.

Key Financials (Source: Company Reports)

Outlook: Looking forward, the company is actively carrying out strategic partnerships and acquisitions to further accelerate its growth objectives.

Stock Details: On 23^rd December 2020, the securities of the company were placed in a suspension as the company is expecting to release an announcement in relation to an acquisition and a response to an unrelated query by ASX. On 6^th January 2021, the company announced that ASX has identified breach of ASX Listing Rule 10.11 in a recent placement and sent a query for the same. Following this, the company has responded to the ASX query. As per the release dated 21^st January 2021, the securities of the company would be in a trading suspension until the outcome of ASX review. The stock last traded at $0.170.

Village Roadshow Limited

Delisted from Australian Securities Exchange: Village Roadshow Limited (ASX: VRL) is in the operation of cinema and theme park. The company got officially delisted from the Australian Securities Exchange on 30^th December 2020, which follows the execution of scheme of arrangement between VRL and its shareholders with respect to the acquisition of 100% shares in VRL by BGH Capital Pty Ltd. The purchase price for the acquisition includes cash consideration of $3 per share under Structure A and cash consideration of $2.95 under Structure B. On 29^th December 2020, VRL informed the market that Structure A has been implemented and scheme consideration of $3 per share has been sent to shareholders via cheque or direct credit.

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