Asia Private Equity Weekly News, October 21, 2013
HONG KONG, October 21 (Reuters) - News and developments in Asia private equity from Reuters News for the week ending October 18.
U.S. PRIVATE equity firm TPG Capital will pay HK$1.66 billion ($213.73 million) for 21st Century Fox-controlled Star Entertainment's remaining stake in Chinese satellite television operator Phoenix Satellite Television .
JAPAN'S GOVERNMENT Pension Investment Fund (GPIF) is making initial moves toward investing in private equity, sources say, a potentially big step in the world's biggest public pension fund's strategy of shifting some of its $1.2 trillion in assets towards riskier investments.
HUTCHISON WHAMPOA, controlled by Asia's richest man, Li Ka-shing, has scrapped a plan to sell its Hong Kong supermarkets business, ParknShop and will instead focus on expanding in China, it said.