Yvette Choo

Hong Kong-listed GOME has suspended trading of its shares after chairman Wong Kwong Yu was reportedly detained on allegations of stock price manipulation.

The firm will pay roughly HK$2.4bn to add Natural Beauty on to existing portfolio company Global Radiance.

Zain Fancy, Roy Kwok, Bharat Khanna and Anand Madduri have joined New York's Och-Ziff to build out its Asia real estate platform.

The new equity will increase CVC Asia Pacific's current 75 percent stake in PBL Media. Meanwhile the firm is going to court over an add-on acquisition to Asia Timber Products.

Former managers of Nissin Leasing allegedly prevented the buyout firm access and hid the company's seal, as it tried to replace the CEO. The $275m deal, completed in February, may reportedly be written down to zero.

Abu Dhabi Investment Company is part of a consortium acquiring OrasInvest. This deal follows its acquisition of UAE-based Unitra METS Group, a specialty beverage distributor, last month.

Sanjay Nayar, ex-CEO of Citi's Asian operations will be based in the firm's Mumbai office, which is opening in January. The firm has also hired former Coke executive Ludo Bammens as director of European corporate affairs.

The buyout firm's latest hires include former Coke executive Ludo Bammens as director of European corporate affairs. Meanwhile, Sanjay Nayar, ex-CEO of Citi's Asian operations, will be based in the firm's Mumbai office, which is opening in January.

Gregory Robinson-Kok will take over from the interim chief executive in office since Franklin Templeton acquired a 49% interest in the Vietnamese fund manager.

The Indian private equity firm has hired Rakesh Sony ahead of its second fundraise, which the firm anticipates will garner up to $350m in commitments.