MANILA, Philippines – A plan by Singaporean technology services provider Fastech Synergy Ltd. to acquire 100 percent of locally listed Diversified Financial Network Inc.’s overseas gaming technology arm Pacific Gaming Investments Pte. Ltd. (PGI) for $91 million is experiencing rough sailing. DFNN revealed yesterday it received communication from Fastech that the proposed structure for the…
DetailsDiversified Financial Network Inc. (DFNN) said Wednesday its Singaporean unit Pacific Gaming Investments Pte. Limited will acquire a 90-percent stake in a Cambodian slot machine operator for $4.2 million. DFNN said Pacific Gaming has conducted a due diligence audit on Poseidon Co. Limited of Cambodia and decided to push through with its acquisition. From June…
Details(Business World (Philippines) Via Thomson Dialog NewsEdge) Publicly listed IT solutions provider and systems integrator Diversified Financial Network, Inc. (DFNN) has acquired a 33.33% stake in a Southeast Asian gaming company through its Singapore-based subsidiary. In a statement, the company said it bought into Interactive Entertainment Technology Solutions, a gaming company involved in event betting,…
DetailsNot even a sluggish stock market could prevent Diversified Financial Network, Inc. (DFNN.com) from undertaking an initial public offering as the company gears up for its expansion plans along global lines, the way information technology (IT) firms basically shape their businesses. DFNN.com earned yesterday the distinction of being the first fully operating web-based company to…
DetailsThe Securities and Exchange Commission (SEC) has given the go-signal for the Diversified Financial Network Inc. com (DFNN), an Internet service provider (ISP) and a pioneer on local online stock trading, to proceed with its operations. The SEC said that since DFNN merely provides the connection like the phone companies through which orders are delivered…
Details