Yvette Choo

In addition to his current role at the global private equity firm, Ming Lu will stand for election at the global real estate firm’s annual meeting of shareholders next month.

Shareholders will vote today on the Dubai-based bank's fate; last month, they unanimously opted to keep the company a going concern.

The San Francisco-based placement agent, advisor and secondaries broker has hired ex-AIG Investments executive Edwin Chan to lead its first Asian office.

Tim Grady, the head of global commercial real estate in Asia Pacific for Merrill Lynch has quit in the latest personnel change since the bank was acquired by Bank of America last year.

The Chinese sovereign wealth fund has committed to the bank's latest global property fund, according to reports. Morgan Stanley Real Estate Fund VII Global is likely to close at $6bn, not its original $10bn target.

The Banyan Tree-Philippines Hospitality Fund will cover the development costs of two integrated island resorts in the country, one of which will cost more than $200m. The vehicle will allow the firm to get a 'foothold' in the country's growing tourism industry.

The private equity firm will sell off one of the Australian company's subsidiaries, reported to be its oncology and cardiology diagnostics business, which could fetch up to A$210m. CVC Asia Pacific bought I-Med's parent in an A$2.7bn deal in 2006.

The two firms invested $25m in the Inner Mongolian hot pot restaurant chain in June 2006. The company was listed on the Hong Kong stock exchange in June 2008.

In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.

ASK Investments is reportedly raising INR5bn for the vehicle, with plans to invest mainly in uncompleted residential real estate projects across the country’s top seven cities.