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Diversified Financial Network Inc. is partnering with
Philippine Long Distance Telephone Co. (PLDT) and
Diversified Technology Solutions Inc. to bid for the
development of a new trading system of the stock
exchange.
In a
disclosure to the bourse Tuesday, Diversified Financial
said the companies will forge a tri-partite agreement to
pave the way for the creation of a consortium.
Diversified Financial is a leading information
technology solutions provider, while Diversified
Technology is an onshore and offshore systems integrator
and technology solutions and services provider. PLDT, on
the other hand, is the country’s most dominant carrier.
The
stock exchange currently uses Maktrade for its trading
system.
Diversified Financial is pursuing a follow-on sale of
primary and secondary common shares so that it may
expand outsourced business activity, as well as its
gaming software and services division.
The
company did not divulge further details of the offer, it
said the proceeds will be used for working capital,
marketing and information technology development.
Diversified Financial earlier incorporated a new
wholly-owned subsidiary, Avensis Leisure Pte. Ltd., to
provide the entertainment, leisure and hospitality
industries with consulting services.
Avensis
Leisure will offer feasibility studies, market
assessments, strategic and financial planning,
management and marketing services, advertising and
public relations services and economic impact studies
using industry accepted practices.
“The
market for these services are deemed in greater demand
as legalized gaming continues to expand in Asia with a
larger focus on leisure and entertainment,” Diversified
Financial said.
The DFNN
Group of Companies generates income through BPO
solutions and customized IT solutions for retail
financial institutions. It also makes money from
wireless and other IT products and online gaming
products and services. |
