DFNN Inc. (PSE:DFNN) announced a private placement of 7,487,769 shares at PHP 8.30 per share for gross proceeds of PHP 62,148,482.7 on April 19, 2017. The transaction will include participation from Excel Century Investment Limited and/or any of its designated nominees, including but not limited to Franchette M. Acosta and Elmer Serrano; and nomination of directors of investor. The transaction has been approved by the board of directors of the company.