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IBF Financial Holdings Co (國票金控) president Michael Ding (丁予嘉) yesterday resigned over conflict of interest allegations relating to the company’s planned acquisition of EnTie Bank (安泰銀行), which is chaired by his brother, Jesse Ding (丁予康). Michael Ding handed in his resignation at 8am ahead of a special shareholders’ meeting in Taipei where the EnTie deal was supposed to be discussed. The move came after IBF Financial board director James Wei (魏憶龍) who represents Hua-Kang International Asset Management Corp (華康國際資產), a corporate shareholder in IBF on Wednesday said that an October board meeting where the deal was approved was not

T ai peiChi linJames weiFinancial supervisory commissionHua kang international asset management corpFinancial holdings coEntie bankBanking bureauNice enterprise coFinancial holding companyKao shih chingMichael dingJesse dingFinancial holding company actWea chi linBanking bureau chief secretary phil tong