DFNN to raise P250M via private placement

LISTED gaming technology provider DFNN Inc. is raising placement for the company’s capital expenditures.

In a disclosure to the Philippine Stock Exchange, DFNN said its board of directors approved percent of the total shareholdings in the company— to institutional investors.

- vestors will be considered for the private placement.

Proceeds of the share sale will be used for “capital expenditures - table for the offer is subject to approval by the Securities and Exchange Commission (SEC).

Earlier, DFNN announced it will undergo a quasi reorganization to

In the first half of the year, DFNN’s comprehensive income - around from the P26.48 million in net loss a year earlier.

DFNN earlier said it was expanding the footprint of its electronic gaming machines and triple its existing terminals by year end. The firm operates the electronic gaming machine Instawin. Its games include programs from popular developers such as PlayTech, SG8, PlayNGo and SHL.