CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Jan 25, 2021
2. SEC Identification Number
A199908874
3. BIR Tax Identification No.
202955796
4. Exact name of issuer as specified in its charter
DFNN, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
L2 – L5 14/F PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig CityPostal Code1634
8. Issuer's telephone number, including area code
(02) 8396-5270
9. Former name or former address, if changed since last report
None
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
324,620,008
11. Indicate the item numbers reported herein
None
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DFNN, Inc.DFNN
PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and Sections 4.1 and 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Completion of the Deed of Company Arrangement (DOCA) between Silver Heritage Group Limited (SVH) and HatchAsia, Inc. (HAI) via its wholly-owned Australian Subsidiary (HAI is a company that is 18.98% owned by DFNN Inc.)
Background/Description of the Disclosure
This disclosure is in reference to DFNN unit HatchAsia, Inc.’s (HAI) takeover of Silver Heritage Group Limited (SVH), a corporation listed in the Australian Stock Exchange (ASX:SVH).
Today, DFNN was informed that on January 22, 2021 KPMG, Deed Administrators of SVH disclosed to the Australian Stock Exchange (ASX) the completion and execution of the Deed of Company Arrangement (DOCA) effecting the acquisition of 92% of the issued share capital of the latter. Now that the purpose of the DOCA has been executed and terminated, control of the company is now returned to the newly appointed directors.
DFNN affiliate HAI is an entity engaged in building solutions for the FINTECH, gaming, payment solutions for utilities, and other various industries through innovative technology and business process management, payment solutions, and retail gaming outlet management consultancy. HAI is 18.98% owned by DFNN.
Additional information will be disclosed to the Philippine Stock Exchange as necessary.