DFNN, Inc. completed the acquisition of remaining 45% stake in DCG, Inc from CYG PTE LTD and Mark Anthony P. Lim.
April 15, 2024
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DFNN, Inc. (PSE:DFNN) entered into a share purchase agreement to acquire remaining 45% stake in DCG, Inc from CYG PTE LTD and Mark Anthony P. Lim for PHP 2 million on March 3, 2023. DFNN, Inc. board of director's approved the deal.
DFNN, Inc. (PSE:DFNN) completed the acquisition of remaining 45% stake in DCG, Inc from CYG PTE LTD and Mark Anthony P. Lim on April 16, 2024.
DFNN, Inc. is a Philippines-based information technology (IT) solutions provider and systems integrator. The Company is engaged in the provision of information technology services to financial institutions and gaming companies. The Company also develops, operates, and maintains Web-based and wireless applications for major corporate customers with strength in solutions for financial institutions and gaming companies and provides proprietary order routing software technology and Web-advertising services to stock brokerage firms. The Company is focused on financial transactions, software/middleware development, IT support services, secure platform development and turnkey implementation. Through its subsidiaries and affiliates, the Company also possesses licenses for electronic gaming machines (EGMs), a sports betting exchange, and digital and pari-mutuel games with the Philippine Amusement and Gaming Corporation (PAGCOR).