Zhongsheng Group Holdings Ltd., which had earlier enlisted General Atlantic LLC as one of its investors, has postponed its planned initial public offering on The Stock Exchange of Hong Kong, according to media reports. (People's Republic of China)

Korea Investment Corporation will reportedly commit US$100 million to the IFC African, Latin American and Caribbean Fund, which is managed by IFC Asset Management LLC, a subsidiary of International Finance Corporation. Dutch-based pension fund Pensioenfonds PGGM will also invest in the fund. (Offshore)

Korea Development Bank's private equity fund is set to take control of Kumho Life Insurance Co. Ltd. along with Consus Asset Management Co. Both parties will pay 650 billion won (US$567.7 million) for this transaction. (South Korea)

Spring Capital Asia, Ltd. announces having garnered US$184 million from investors for its maiden fund. The fund has recently completed an investment in a power tower company that is based in the Shandong province. (People's Republic of China)

Leopard Capital and two other foreign investors have acquired a 7.7% stake in ASA, Plc., which holds an interest in ACLEDA Bank Plc. ACLEDA Bank Plc is one of the leading retail banks in Cambodia with over US$900 million in total assets. (Cambodia)

IDFC Project Equity has invested 1.5 billion rupees (US$32.6 million) in Karaikal Port Pvt. Ltd. which is a port located on the Eastern coast of India in Karaikal, Puducherry. (India)

New Silk Route Advisors Pvt. Ltd. has subscribed to Nectar Lifesciences Ltd.'s global depositary receipts for US$35 million. The latter is an integrated pharmaceutical manufacturer that produces cephalosporin active pharmaceutical ingredients and finished dosage forms. (India)

Tokio Marine Capital Co., Ltd. has announced its acquisition of a 100% equity stake in Bushu Pharmaceuticals Ltd. which provides pharmaceutical contract manufacturing services. (Japan)

Unison Capital, Inc. has agreed to invest ¥2.5 billion (US$28 million) in MK Capital Management Corporation, a finance and real estate asset management company. The private equity firm is expected to hold a majority stake in MK Capital. (Japan)

Ekuiti Nasional Bhd announced taking control of Alliance Cosmetics Group along with Navis Capital Partners, for an estimated 160 million ringgitt (US$47.2 million). (Malaysia)

Aureos Capital Ltd. has invested US$3.4 million in Shanghai Fucheng Environmental Protection Engineering Co., Ltd., which specialises in water treatment engineering and operations in China. (People's Republic of China)

A consortium of investors, led by Northern Light Venture Capital, has invested US$22 million in Prudent Energy Inc. which is a developer of energy storage technology for power grid operations. (People's Republic of China)

Hanwang Technology Co., Ltd., backed by NewMargin Ventures, was listed on the Shenzhen Stock Exchange on 3rd March and raised Rmb1.1 billion (US$160.9 million). Its first day trading price closed at Rmb82.1, double its offer price. (People's Republic of China)

International Finance Corporation has sold its interest in CSRC China Corporation (Maanshan) and concluded an investment partnership that dated back in 2002. The investee company is a manufacturer of carbon black. (People's Republic of China)

Mr Rajesh Khanna, who joined Warburg Pincus in 1994, has resigned as the Managing Director of the company's Mumbai office. (India)