China Investment Corp. is reportedly in talks to buy up to 50% of CITIC Capital Holdings Limited, according to various media reports. (People's Republic of China)

Lone Star Funds will receive approximately 41.1 billion won (US$29.8 million) in dividends from Korea Exchange Bank. (South Korea)

CDC Group plc announced its US$40 million commitment to Kotak India Private Equity Fund ('Kotak India PE'), managed by Kotak Private Equity Group. Kotak India PE's mandate is to invest in India's small and medium enterprises, but with a focus on domestic consumption and infrastructure-related sectors. (India)

Shanghai Financial Industrial Fund, which has a target size of 20 billion yuan (US$2.9 billion), has received the National Development and Reform Commission's approval to begin its fund raising exercise. Its fund management firm is jointly owned by Shanghai International Group and China International Capital Corporation Limited. (People's Republic of China)

Helion Venture Partners announced it has invested 200 million rupees (US$4 million) in GETIT Infoservices (Pvt.) Ltd., the leading producer and a pioneer of yellow pages and directories in India. (India)

JAFCO Asia could join VenturEast to commit an aggregate 623 million rupees (US$12.7 million) to Si2 Microsystems, a provider of turnkey systems and System-in-Package solutions with operations in the US and India. The company has already received funds from VenturEast, a domestic venture capital company. (India)

Unison Capital Inc. has agreed to acquire Cosmos Life Co., Ltd., the condominium management unit of the JASDAQ-listed real estate company Cosmos Initia Co. Ltd., for ¥10 billion (US$111.1 million). (Japan)

Spring Capital Asia has invested US$10 million to take a minority stake in Shanghai Insuring Polymer Materials Co., Ltd. ('Insuring'). Insuring is a leading energy-saving company specialising in the research & development, production and installation of functional polymer materials. (People's Republic of China)

Walden International ('Walden') has pared down its holdings in MindTree Consulting Limited ('Mindtree'), returning an estimated 156 million rupees (US$3.2 million) to its coffers. Following completion of this transaction, Walden will continue to be a substantial shareholder in Mindtree. (India)

In a landmark development, Taiwan's Chunghwa Picture Tubes ('Chunghwa Picturers') has successfully gained A-share status through a back-door listing route. Chunghwa Picture is the world's sixth-largest maker of flat panel displays.
       Warburg Pincus invested in Chunghwa Pictures in September 2007. (People's Republic of China)

HSBC Private Equity (Asia) Ltd. has sold its stake in Modern Asia Environmental Holdings Inc., a Bangkok-based waste management services company, to Japan's Dowa Eco-system Co. The divestment details were not disclosed. (Thailand)

Ms Hemal Mirani has been appointed Managing Director – Investor Relations of CVC Asia Pacific Limited. (Asia)

Lightspeed Venture Partners announced the appointment of Mr Bejul Somaia as the Managing Director of its India operation. Separately, Lightspeed has also recruited Mr Srini Vudayagiri as a Venture Director of the firm. (India)

Dubai International Capital LLC ('DIC'), the international investment arm of Dubai Holding, announced it has appointed Mr David Smoot as Chief Executive Officer, Private Equity. (Global)

Correction: In the 30th January edition of the Subscriber Weekly Update, ASIA PRIVATE EQUITY REVIEW referred to Anhui YingLiu Group, a recent investee of Asia Mezzanine Capital Group, as a steel company. It is, in fact, a precision manufacturing firm.