The Lim family, founders of Genting Bhd, have given up their share of Donaco International. The Malaysia-based Lims held 27.25% in the casino operator, but have now relinquished them to third parties, according to a filing with the Australian Securities Exchange (ASX).

Vincent Pirina and Mitchell Mansfield have been appointed as “joint and several receivers of approximately 224 million” Donaco shares that were “formerly controlled by the Lim family,” explains the filing. The appointment of the receivers was made by Madison Pacific Trust Ltd., the security trustee for OL aster (Singapore Fund 1) Pte. Ltd. That appointment was made “pursuant to certain financing agreements with entities controlled by Mr. Joey Lim.”

Donaco is aware of the transfer and stated yesterday that it might be viewed by Donaco’s Taiwan-based lender, Mega International Commercial Bank Co. Ltd., as a “change of control” according to terms defined in a loan agreement. Donaco added, “If so, the loan may become due and payable sooner than the currently scheduled repayment dates … The company will discuss this issue with Mega Bank, and keep the market informed of all developments.”

Last December, Donaco informed the ASX that it was contemplating its options regarding a debt of $39.9 million it held with Mega Bank. That debt is secured by firm’s Star Vegas Resort and Club, located in Poipet, Cambodia.