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megabank.com.tw

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Investments

5

Portfolio Exits

1

About Mega International Commercial Bank

Mega International Commercial Bank is a bank in Taiwan and a subsidiary of Mega Financial Holding Company.

Mega International Commercial Bank Headquarter Location

Taiwan

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Latest Mega International Commercial Bank News

SFC fines Mega International Commercial Bank with almost EUR 850.000

May 11, 2020

SFC fines Mega International Commercial Bank with almost EUR 850.000 Monday 11 May 2020 13:28 CET | News The Securities and Futures Commission (SFC) has announced that it has reprimanded and fined China-based Mega International Commercial Bank (MICBC). According to Hubbis , the bank was fined EUR 850.000 over its internal system and control failures in relation to the sale of collective investment schemes (CISs). Following a referral from the Hong Kong Monetary Authority (HKMA), the SFC conducted an investigation which found that, in the course of selling CISs to clients between August 2014 and July 2015, MICBC had failed to properly assess its clients’ investment objective, risk tolerance level and knowledge of derivatives; ensure the investment recommendations and/or solicitations made to its clients were reasonably suitable in all the circumstances; conduct adequate product due diligence on certain funds; identify funds which constituted derivative products. MICBC engaged an independent reviewer to validate whether the findings raised by the HKMA during the onsite examination are fully addressed and whether its control mechanisms operate effectively in accordance with its internal policies and procedures, and undertook to submit the validation review report to the SFC and the HKMA as soon as it is available. MICBC cooperated with the SFC in resolving its concerns, and it has no previous disciplinary record with the SFC.

Mega International Commercial Bank Investments

5 Investments

Mega International Commercial Bank has made 5 investments. Their latest investment was in Elixiron Immunotherapeutics as part of their Series A - II on August 8, 2021.

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Mega International Commercial Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/16/2021

Series A - II

Elixiron Immunotherapeutics

$30.88M

Yes

3

10/15/2001

Unattributed VC

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$99M

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10

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Date

8/16/2021

10/15/2001

Round

Series A - II

Unattributed VC

Other Investors

Other Investors

Other Investors

Company

Elixiron Immunotherapeutics

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Amount

$30.88M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Mega International Commercial Bank Portfolio Exits

1 Portfolio Exit

Mega International Commercial Bank has 1 portfolio exit. Their latest portfolio exit was Palatin Technologies on January 06, 2003.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/6/2003

IPO

Date

1/6/2003

Exit

IPO

Companies

Valuation

Acquirer

Sources

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