Primus Pacific Partners ('Primus') has filed a petition to the High Court of Malaysia in the matter relating to the takeover offer from Hong Leong Bank Bhd. ('Hong Leong') of EON Capital Bhd. ('EON'). Primus, currently a shareholder in EON, alleges that certain directors of EON have "failed to exercise their fiduciary duties" in taking account of the interests of shareholders in their exit of EON. It further claims the offer price by Hong Leong has undervalued EON. (Malaysia)

Mr Li Tuchun, founder of Hunan Taizinai Group ('Taizinai'), has been detained by Zhuzhou's police authority, allegedly for fraud, according to domestic media reports. Taizinai had earlier received funds from Actis, Goldman Sachs Group Inc. and Morgan Stanley. (People's Republic of China)

Vietnam Enterprise Investment Ltd. ('VEIL'), an Ireland-listed fund managed by Dragon Capital, is under pressure from Moscow-based hedge fund VR Capital Group Ltd., one of the shareholders of VEIL, to be liquidated. VEIL has been trading at 20% below its net asset value. (Vietnam)

A party of Asian institutional investors has subscribed to Chesapeake Energy Corp.'s US$900 million shares placement. They include China Investment Corporation, Korea Investment Corporation and Temasek Holdings (Pvt.) Ltd. (Offshore)

Qatar Investment Authority, Kuwait Investment Authority and Temasek Holdings (Pvt.) Ltd. have reportedly invested in Agricultural Bank of China Ltd. as the latter’s cornerstone investors. The bank seeks to raise $20 billion to US$30 billion, the largest initial public offering by world record. (People's Republic of China)

Avigo Capital Partners announced the final closing of its latest fund at US$240 million with CDC Group Plc and International Finance Corp. as its limited partners. (India)

China Media Capital has achieved its first closing at Rmb2 billion (US$292.8 million) with commitments coming from institutional investors including China Development Bank and Shanghai Media Group. (People's Republic of China)

Singapore-based Meridian Capital (SG) Ltd. has teamed up with the Suzhou government to set up the Meridian Suzhou Cultural Industrial Fund which has achieved a first closing of Rmb1 billion (US$146.8 million). (People's Republic of China)

Valiant Partners Co. Ltd. announced its tender offer for Fuji Foods Co., Inc., representing a deployment of around ¥6.9 billion (US$76.2 million). (Japan)

Battery Ventures and Greylock Partners have invested in Taggle Internet Ventures Pvt. Ltd. ('Taggle') for an undisclosed sum. Taggle offers a group buying platform online. (India)

Mayfield India Fund has invested around 400 million rupees (US$8.8 million) in Centum Learning Ltd. which provides further education to professionals and corporations. It has 130 learning centres in 90 cities across India. (India)

New Horizon Capital has teamed up with GIC Special Investments Pte. Ltd. and a party of funds of funds in taking a combined 10% equity stake in Shenzhen-listed Tangshan Jidong Cement Co., Ltd. for Rmb1.9 billion (US$281.6 million). (People's Republic of China )

A consortium of investors, including Warburg Pincus and private conglomerate Fosun Group, has invested an aggregate Rmb2.6 billion (US$382.4 million) in Redstar Macalline Furniture Group ('Redstar'). Established in 1986, Redstar has 66 stores in several cities in mainland China. (People's Republic of China )

A group of private equity investors including JAFCO Investment (Asia Pacific) Ltd., Mitsui Ventures and CEL Partners, has invested US$10 million in the Series C financing of Prudent Energy Inc., a clean energy storage company that specialises in the patented VRB Energy Storage System. (People's Republic of China)

Doll Capital Management and Mandra Capital have invested US$10 million in Yesmywine's second round of financing, according to sources. Yesmywine describes itself as the largest B2C operator of imported wine in China. (People's Republic of China)

General Enterprise Management Services (International) Ltd. will subscribe US$25 million in the Hong Kong-listed Omnicorp Ltd. which is engaged in the timber business. (People's Republic of China)

Doll Capital Management has invested US$4 million in the Series A financing of PapayaMobile, a mobile social networking and gaming platform with more than 3.5 million users. (People's Republic of China)

ICICI Venture Funds Management Company Ltd. has concluded its investment in Metropolis Healthcare Ltd. through a sale of its stake to Warburg Pincus. The private equity firm first invested in the healthcare company in 2006.
       Metropolis operates a multinational chain of diagnostic centers across India, Sri Lanka, South Africa and the UAE. (India)

Three venture capital-backed companies have recently listed on the Shenzhen Stock Exchanges:-

• Beijing Venustech Inc. that is backed by KPCB and Ceyuan Ventures
• Harbin Gloria Pharmaceuticals Co., Ltd., which counts New Horizon Capital as its investor
• Anhui Shengyun Machinery Co., Ltd., which had earlier enlisted CITIC Private Equity Fund Management Co., Ltd. as its financial backer

All investors in these three companies did not dispose of their interest at their investee companies’ respective initial public offerings. (People's Republic of China )

Singapore-listed Transpac Industrial Holdings Ltd. has sold Foodstar Holdings Pte. Ltd. and concludes an investment holding period of 14 years. The private equity firm is estimated to have made a return of over four-fold of invested capital. (People's Republic of China)

Mr Weijian Shan, former senior partner at TPG, is to take on the responsibilities as group chairman and chief executive officer of Pacific Alliance Group. (Hong Kong)

Citigroup Inc. has relocated Mr Chris Laskowski back to Asia as chief operating officer of its Global Banking Asia Pacific division in charge of the financial sponsor and financial institutions sectors. (Hong Kong)