UPDATE 1-Market Chatter -- Corporate finance press digest

Wed Jan 12, 2011 2:10am EST

(Adds Zabeel Investments and Comverse)

BANGALORE Jan 12 (Reuters) - The following corporate finance-related stories were reported by media on Wednesday:

* Zabeel Investments, the holding company of Dubai's crown prince, is in talks with creditors to restructure $1.63 billion in debt, according to a newspaper report on Wednesday. [ID:nLDE70B01E]

* Software developer Comverse Technology Inc CMVT.PK is likely to pursue a sale of Verint Systems Inc (VRNT.O), in which it holds a majority stake, the Wall Street Journal reported, citing people familiar with the matter. [ID:nSGE70B043]

* A listing application for Cheung Kong's (0001.HK) yuan-denominated REIT is expected to be submitted to the Hong Kong bourse this week, a step toward the listing of the territory's first yuan denominated IPO, the Hong Kong Economic Journal said on Wednesday, citing market sources. [ID:nTOE70B01J] (Compiled by Purwa Naveen Raman in Bangalore)

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