Australian regulators are probing the withdrawn A$1.65 billion ($1.7 billion) takeover offer for David Jones by a little-known Britain-based firm.

Shareholders in South Korea's Hi-Mart Co Ltd (071840.KS) have rejected a request by private equity fund MBK Partners to extend its exclusive negotiating rights to a majority stake in the electronics retailer.

U.S. investment manager BlackRock (BLK.N) is buying Swiss Re's (SRENH.VX) European private equity arm

Australia's David Jones (DJS.AX) said a little known UK-based private equity fund had pulled a A$1.65 billion ($1.7 billion) takeover approach for the department store chain.

News and developments in Asia private equity from Reuters News for the week ending June 29. News and developments in Asia private equity from Reuters News for the week ending June 29.

Two Italian private equity funds said on Wednesday they would be tabling a renewed offer for insurer Fondiaria-SAI (FOSA.MI)

Hong Kong Exchanges Clearing Ltd (0388.HK) (HKEx) is forming a joint venture with mainland Chinese exchanges to develop index-linked and equity derivatives products in a sign of growing cooperation in the region.

Singapore-listed oil and gas firm Interra Resources Ltd aims to aggressively develop its two onshore oil fields in Myanmar and is eyeing new oil and gas blocks slated to come up for tender this year.

Beijing will promote the further development of the offshore yuan market in Hong Kong as part of a new package of policies for the territory.

Global private equity funds, which poured tens of billions of dollars into India investments when the economy and currency were flying high a few years ago, may be stuck with those holdings much longer than planned as the rupee's plunge plays havoc with their exit options.