[Federal Bank] Announcement of Non-Execution of Planned Investment in Modernity Financial Holdings, Ltd (Cayman Islands) Equity

Key facts

  • [Federal Bank] Announcement of Non-Execution of Planned Investment in Modernity Financial Holdings, Ltd (Cayman Islands) Equity
  • Federal Bank announced it will not proceed with its planned investment in Modernity Financial Holdings, Ltd. (Cayman Islands) as clarified by the Financial Supervisory Commission that the target company is not a financial institution. This decision has no significant impact on the bank's operations.
  • Source: PR Times
  • Date: May 11, 2026

Direct answer

Federal Bank announced it will not proceed with its planned investment in Modernity Financial Holdings, Ltd. (Cayman Islands) as clarified by the Financial Supervisory Commission that the target company is not a financial institution. This decision has no significant impact on the bank's operations.

Citation
[Federal Bank] Announcement of Non-Execution of Planned Investment in Modernity Financial Holdings, Ltd (Cayman Islands) Equity (May 11, 2026), PR Times
Source
PR Times
Date
May 11, 2026
Federal Bank announced it will not proceed with its planned investment in Modernity Financial Holdings, Ltd. (Cayman Islands) as clarified by the Financial Supervisory Commission that the target company is not a financial institution. This decision has no significant impact on the bank's operations.
其他NQ 0/100出典：PR Times

📋 Article Processing Timeline

  • 📰 Published: May 11, 2026 at 09:00
  • 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
  • 🤖 AI Analyzed: May 12, 2026 at 20:51 (12h 51m after Collected)
1. Original announcement date:
114/08/25
2. Brief description of the original announcement content:
Our company's board of directors resolved on August 25, 114 (2025) to invest in the equity of Modernity Financial Holdings, Ltd (Cayman Islands), and it was subject to approval from the Financial Supervisory Commission before proceeding with the investment.
3. Reason for change and main content:
Following clarification from the Financial Supervisory Commission, Modernity Financial Holdings, Ltd (Cayman Islands) is not a financial-related enterprise, therefore this investment will not be executed.
4. Impact of the change on the company's financial and business operations:
No significant impact on the company's financial and business operations.
5. Other matters to be stated:
None.

FAQ

What are the key facts in this article?

Federal Bank announced it will not proceed with its planned investment in Modernity Financial Holdings, Ltd. (Cayman Islands) as clarified by the Financial Supervisory Commission that the target company is not a financial institution. This decision has no significant impact on the bank's operations.

What is the direct answer?

Federal Bank announced it will not proceed with its planned investment in Modernity Financial Holdings, Ltd. (Cayman Islands) as clarified by the Financial Supervisory Commission that the target company is not a financial institution. This decision has no significant impact on the bank's operations.

What is the source and date?

PR Times: https://mops.twse.com.tw/material/twse-2838-2026-05-11-a81e249f | May 11, 2026

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