DNA 0.00% 3.3¢ donaco international limited

The fact is that it's a misleading announcement. They claim to...

  1. 80 Posts.
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    The fact is that it's a misleading announcement. They claim to have "repaid" the Mega Bank debt. But they only did that by borrowing money from Somboon. So it's a refinancing of debt, which remains on the balance sheet, not a repayment.

    They didn't mention the fact that they are borrowing money from Somboon. So there was no disclosure of their actual debt position in this announcement, except that they claim to have a "robust" balance sheet. The announcement gives the clear impression that they are now debt free, which is false.

    Do you trust this mob with your money?
 
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