An unknown buyer completed the acquisition of Nico Bayan Inc. from DFNN, Inc..
January 18, 2024
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An unknown buyer agreed to acquire Nico Bayan Inc. from DFNN, Inc. (PSE:DFNN) for PHP 2 million on September 22, 2023. The transaction has been approved by the board of DFNN.
An unknown buyer completed the acquisition of Nico Bayan Inc. from DFNN, Inc. (PSE:DFNN) on January 19, 2024. DFNN was in the process of applying with the Bureau of Internal Revenue (BIR) for the issuance of the Certificate Authorizing Registration (CAR), which is required to finalize the disposition of shares. On January 19, 2024, DFNN, Inc. (PSE:DFNN) received approval effectively transferring ownership.
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).
DFNN, INC. 
