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Yuanta Financial Cancels Planned Investment in Japanese Fund

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Yuanta Financial's (TPE:0050) subsidiary, Yuanta International Investment (HK), has canceled its planned investment in Japan Activation Capital III LP, according to a Monday filing with the Taiwan Stock Exchange.

The financial services provider had previously disclosed a planned investment of 3 billion yen in the fund in a Feb. 17 filing.

The decision to terminate the investment was based on the participation of co-investors, changes in market conditions and the progress of the fund's fundraising efforts.

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