Yvette Choo
China-focussed private equity firm is in discussions to buy the first three assets for its newly launched CITIC Capital China Real Estate Investment Fund III, following the close of the $400m fund last month.
The AG Asia Realty Fund II would be almost double the size of its predecessor and would invest across all sectors, primarily in China and Japan, with a secondary focus on Korea and Southeast Asia.
The investment will shore up Straits Resources’ balance sheet and assist in the potential disposal of its coal assets.
The investment will shore up Straits Resources’ balance sheet and assist in the potential disposal of its coal assets.
The Reserve Bank of India will likely permit government-owned banks to invest in direct private equity in February.
Talks have failed between banks and Australian Discount Retail, the country's largest discount retail group, over company debts of A$96m.
Launched in the beginning of 2008, the Standard Chartered IL&FS Asia Infrastructure Growth Fund is seeking a $1bn final close later this year.
Stella Group’s difficulty in repaying its debt has been compounded by its poor financial performance.
Alex Edwards will spearhead the placement agent’s development in South Asia, New Zealand and his home country of Australia.
Garth Peterson, who headed the bank’s real estate investing business in China, was promoted to managing director in 2007.