/raid1/www/Hosts/bankrupt/TCRAP_Public/020725.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

                   A S I A   P A C I F I C

            Thursday, July 25, 2002, Vol. 5, No. 146

                         Headlines

A U S T R A L I A

AUSDOC GROUP: ABN AMRO Dispatched Bidders Statement to Holders
AUSTRALIAN MAGNESIUM: Releases June Quarterly Activities Report
DVT HOLDINGS: Requisitioned Meeting Withdrawn
FOREST PLACE: Securities Trading Halted
PASMINCO LIMITED: Faces $1M Fund Litigation Filed by Aquila

PRESTON RESOURCES: Issues Bulong Ops June Production Report
TUART RESOURCES: Requests Trading Halt


C H I N A   &   H O N G  K O N G

ASIA ORIENT: Reveals No Final Dividend Payment Distribution
ASIA-STAR: Winding Up Sought by Nihon Engineering
CHINADOTCOM: Gives 2Q02 Guidance Based on Initial Indications
DAH HWA: Narrow Operations Loss to HK$3,755,657    
GLOBAL FOOD: Composite Offer Document Dispatch Delayed

GOLDEN TIGER: Winding Up Petition Hearing Set
LAW WONG: Winding Up Petition Slated for Hearing
HANNY HOLDINGS: Books Net Loss of HK$102,455M
KIOK SHERN: Petition to Wind Up Pending
SANJIU MOTOR: Hearing of Winding Up Petition Set


I N D O N E S I A

CHANDRA ASRI: Inks Naphtha Supply Agreement With Pertamina
CITRA MARGA: Tutut Sells Stake After Yayasan Disposal


J A P A N

AOKI CORP: Unveils Draft Business Plan After Rehabilitation
DAIEI INC: Plans to Liquidate Hyper Mart Unit by September
HITACHI LTD: Forming Alliance with Matsushita in Appliance JV
NIPPON TELEGRAPH: Releases 1Q Financial Results
NTT DOCOMO: Restructuring European Subsidiaries

NTT DOCOMO: Units Update I-Shot System


K O R E A

DAEWOO MOTOR: Europe Approves GM Acquisition of Carmaker
HYNIX SEMICONDUCTOR: Fails to Pay W26.4B Debt to KDB
HYNIX SEMICONDUCTOR: Offers ARC's 32bit RISC/DSP Microprocessor
HYUNDAI MOTOR: Incurs W1.6T Sales Loss
KIA MOTORS: Union Approves Wage Hike Plan, Ends Strikes


M A L A Y S I A

AUSTRAL ENTERPRISES: Issue Price Fixed at RM2.37/Share
AVENUE ASSETS: Implements Proposed Acquisition Call Option  
EMICO HOLDINGS: KLSE Extends Proposals Deadline Until Aug 13
JASATERA BERHAD: Faces Summons From Employees Provident Fund
MALAYSIAN AIRLINE: Confirms Disposal of 70% of it's Shares

METROPLEX BERHAD: In the Final DRA Formalization Stage
OLYMPIA INDUSTRIES: Compliance Committee Formation Executed
PAN MALAYSIA: Updates Material Litigation Status
PANGLOBAL BHD: Unit Announces Timber Production Volume  
RNC CORPORATION: Proposes Articles of Association Amendments

SENG HUP: White Knight Withdrawal Triggers Plan's Demise
SURIA CAPITAL: Proposed Injection Extension Request Pending


P H I L I P P I N E S

BENPRES HOLDINGS: Unit Aims to Repay $84M Bond on August 4
FAIRMONT HOLDINGS: Develops 4,500-Unit Low-Cost Housing Project
NATIONAL BANK: Narrows H1 Net Loss to P1.4B
NATIONAL POWER: Pays US$5M to CBK for Plant Rehabilitation
NATIONAL POWER: Releases Audit Info on CBK Project

PHILIPPINE LONG: First Pac Responds to Gokongwei Transaction
URBAN BANK: EIB Expects Settlement of Depositors' Claims


S I N G A P O R E

ALEXANDRA HOLDINGS: Management Proposes Voluntary Liquidation
BIL INTERNATIONAL: Posts Notice of Shareholder's Interest
DBS GROUP: Appoints Leung Chun Ying as Director
GP INDUSTRIES: Liquidates Subsidiary
SIS 88: Closing Raw Sugar Refining Business


T H A I L A N D

COGENERATION PUBLIC: Transfers Funds to Compensate Deficit   
RAIMON LAND: Plan Administrator Appoints New Board of Directors   
SINO-THAI: Files Business Reorg Petition in Bankruptcy Court
SRITHAI SUPERWARE: Successfully Completes Debt Restructuring

* DebtTraders Real-Time Bond Pricing

     -  -  -  -  -  -  -  -            

=================
A U S T R A L I A
=================


AUSDOC GROUP: ABN AMRO Dispatched Bidders Statement to Holders
--------------------------------------------------------------
ABN AMRO Capital Australia Pty Ltd gave notice, pursuant to item
8 of section 633(l) of the Corporations Act 2001 (CTH), that the
bidder's statement dated 22 July 2002 and containing an offer
dated 22 July 2002 by ABN AMRO for all the issued ordinary
shares in AUSDOC Group Limited (ACN 005 482 913) was sent to
each holder of AUSDOC shares registered in the AUSDOC share
register, and each holder of options convertible into AUSDOC
shares options register, at 9:00 am Melbourne time on 22 July
2002.


AUSTRALIAN MAGNESIUM: Releases June Quarterly Activities Report
---------------------------------------------------------------
The key elements of Australian Magnesium Corporation Limited's
fourth quarter activities and cashflow reports are:

STANWELL MAGNESIUM PROJECT ACTIVITIES

   * Gladstone Demonstration Plant achieves 3 years and 18 weeks
without a lost time injury

   * Leighton Contractors Pty Ltd selected as Principal
Contractor

   * Engineering, procurement and construction (EPC) Contract
signing expected in August

   * Engineering and major construction contractors appointed

   * Procurement commenced and around 30 per cent of capital
equipment now committed or evaluated

   * Project and related financing expenditure in the June
quarter was $40.4 million

   * Control of Stanwell site assigned to Leighton, site works
commenced

   * Commissioning and operations planning proceeding

MAGNESIUM MARKET DEVELOPMENT & TECHNOLOGY

   * Strengthened US and European marketing teams

   * Resident engineers placed with two additional automotive
firms

   * New research alliances with CSIRO and CAST under
development

QUEENSLAND MAGNESIA OPERATIONS

   * Record safety performance achieved

   * Magnesite production 125,228 tonnes for the quarter, record
annual output of 601,233 tonnes

   * Kunwarara mine expansion plan review nearing completion,
decision in September quarter

   * Total magnesia production in the June quarter 47,330
tonnes, up 16 per cent

   * Record magnesia sales in the June quarter of 58,496 tonnes,
up 54 percent

   * QMAG operating cash flow for the quarter $2.86 million

   * Oldman South exploration results in line with expectation

Corporate and Finance

   * Cash balance of $184.4 million as at 30 June 2002

   * First of six Distribution Entitled Security payments made
on 23 May 2002

   * 7,492,056 ordinary shares issued in May pursuant to the
Distribution Reinvestment Plan

Go to http://www.bankrupt.com/misc/TCRAP_ANM0725.pdffor details  
of the report.


DVT HOLDINGS: Requisitioned Meeting Withdrawn
---------------------------------------------
Zero Nominees Pty has requested DVT HOLDINGS LIMITED
Limited (Zero) not to proceed with the extraordinary general
meeting of DVT shareholders to be held on 7 August 2002, as
requisitioned by Zero and Bigshop.com.au Limited (Bigshop). This
withdrawal is subject to the prior approval by DVT shareholders
of resolutions to be considered at an extraordinary general
meeting to be held on 31 July 2002, with respect to DVT's
proposed merger with Utility Services Corporation (USC).

As a result of this notification, and in conjunction with
Bigshop's similar request as announced on 16 July 2002, should
shareholders approve the proposed merger with USC at the
extraordinary general meeting on 31 July 2002 DVT understands
that Bigshop, and Zero will withdraw the resolutions to be
considered at the extraordinary general meeting on 7 August
2002. Accordingly, there will be no business for that meeting to
consider.


FOREST PLACE: Securities Trading Halted
---------------------------------------
The securities of Forest Place Group Limited was placed in pre-
open at the request of the Company, pending the release of an
announcement by the Company. Unless ASX decides otherwise, the
securities will remain in pre-open until the earlier of the
commencement of normal trading on Friday, 26 July 2002 or when
the announcement is released to the market.

On June 5, TCR-AP reported that the Company is continuing to
work with its financiers on a more appropriate funding structure
for the group. However the completion of these negotiations is
taking longer than previously anticipated and it is now unlikely
that new development works will commence in June 2002, as
previously advised.

    
PASMINCO LIMITED: Faces $1M Fund Litigation Filed by Aquila
-----------------------------------------------------------
Aquila Resources Limited advised that it has set aside on
Wednesday $1 million to fund its proposed litigation against
Pasminco Limited (Pasminco).

After providing for the costs of that litigation, Aquila has
cash and ASX-quoted securities totaling $2.85 million, which
will be used to fund ongoing exploration and company overheads.
The company's cash reserves have been boosted by the recent sale
of its investment in Sun Resources NL, which realized a profit
in excess of $870,000.

Based upon the discovery of documents already provided to Aquila
in accordance with the orders of the Supreme Court of Western
Australia, Aquila has determined that it has a cause of action
against Pasminco under which it would be seeking damages of
$153,715,872. Aquila may also have a cause of action against MIM
Holdings Limited (MIM) and is currently reviewing documents
discovered by MIM pursuant to those orders to determine whether
to commence proceedings against MIM. The above sum represents
Aquila's assessment of its damages arising from the termination
of its agreement to acquire Pasminco's 49% interest in the
Ernest Henry Mine.

For further information with respect to this matter, please
contact Tony Poll on (08) 9474 3311.


PRESTON RESOURCES: Issues Bulong Ops June Production Report
-----------------------------------------------------------
Preston Resources Limited, the parent company of Bulong
Operations Pty Ltd, announced that a major shutdown was
completed in May with decommissioning difficulties extending
into early June. Output was 651t of nickel and 44t of cobalt.
Major advances were achieved in the area of gypsum scale
control, improving throughput in the solvent extraction
circuit, increasing availability and improving overall plant
recovery.

The number of safe working days increased when compared with the
previous month however seven Significant Injuries were reported
most of which occurred in the tankhouse.

There were no environmental incidents, which required external
reporting.

To see a copy of the full June 2002 Bulong Ops Pty Ltd report,
go to http://www.bankrupt.com/misc/TCRAP_PSR0725.pdf


TUART RESOURCES: Requests Trading Halt
--------------------------------------
The securities of Tuart Resources Limited was placed in pre-open
at the request of the Company, pending the release of an
announcement by the Company. Unless ASX decides otherwise, the
securities will remain in pre-open until the earlier of the
commencement of normal trading on Friday, 26 July 2002 or when
the announcement is released to the market.

Below is the Company General Manager F Ashe's request letter to
ASX:

"In accordance with listing rule 17.1 we request a trading halt
for all Tuart Resources Ltd securities on the basis that the
company experts to announce the status of the affairs of its
subsidiary, Southern Wine Corporation Ltd.

"We believe that a trading hall should commence on Wednesday
11.00am WST and normal trading recommence at the commencement 16
July 2002. This will enable the market to absorb the information
in an announcement, complying with listing rule 3.1.

"No director or executive officer of Tuart is aware of any
reason affect the granting of this trading halt request. If you
have any queries please contact either Martin Bennett or
myself."


================================
C H I N A   &   H O N G  K O N G
================================


ASIA ORIENT: Reveals No Final Dividend Payment Distribution
-----------------------------------------------------------
Asia Orient Holdings Limited issued its results announcement
summary:

Year end date: 31/3/2002
Currency: HKD
Auditors' Report: Unqualified
Review of Interim Report by: N/A
                                                (Audited)
                                (Audited)        Last
                                Current          Corresponding
                                Period           Period
                                from 1/4/2001    from 1/4/2000
                                to 31/3/2002     to 31/3/2001

Turnover                        : 866,888,000      748,937,000
Profit/(Loss) from Operations   : (103,974,000)    (378,898,000)
Finance cost                    : (117,336,000)    (151,136,000)
Share of Profit/(Loss) of Associates: (95,790,000)  (81,601,000)
Share of Profit/(Loss) of
  Jointly Controlled Entities   : (72,013,000)     (31,502,000)
Profit/(Loss) after Tax & MI    : (154,050,000)    (468,203,000)
% Change over Last Period       : N/A
EPS/(LPS)-Basic                 : (2.1 cents)      (6.2 cents)
         -Diluted               : N/A              N/A
Extraordinary (ETD) Gain/(Loss) : -                -
Profit/(Loss) after ETD Items   : (154,050,000)    (468,203,000)
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : N/A

Remarks:

1. Change in comparative figures

In the current year, the Group adopted various revised or new
Statements of Standard Accounting Practice (SSAPs) issued by the
Hong Kong Society of Accountants. The effect of adopting  these
revised / new SSAPs to last year's results is set out below:

Goodwill

The Group has adopted the transitional provisions as permitted
under SSAP 30 not to restate any goodwill taken to reserves
prior to 31st March 2001. However, any impairment in respect of
such goodwill are recognized as an expense in the period in
which impairment has occurred in accordance with the
requirements of SSAP 31.  Goodwill arising on acquisitions on or
after 1st April 2001 is capitalized in the balance sheet as a
separate asset and amortized over its estimated useful life of
not more than twenty years.

The effect of this change in accounting policy is to increase
the loss for the year ended 31st March 2001 by HK$234 million.

2. Included under operating loss are other charges more
specifically described below:
                                         2002            2001
                                        HK$'000         HK$'000

Gain / (loss)on deemed disposal of interests in                    
  A jointly controlled entity             26,472           -   
  Hotel and management services businesses -           (124,662)
Loss on disposal of interests in the Panyu
  development                             (39,230)         -   
Exchange loss realized upon liquidation
  of a subsidiary                         (4,915)          -   
Loss on disposal  / dilution of interests in
  Asia Standard International Group Limited -           (19,343)
Gain on partial disposal of catering business  4,181       -   
Provision for diminution in value of properties                 
  under development / held for sale       (122,314)     (65,419)
Unrealized losses on other investments    (35,430)      (64,089)
Pre-operating loss of Empire Hotel Kowloon   (4,041)       -   
Impairment of goodwill                      -          (234,000)
Amortization of goodwill                  (2,934)          -   
Written back of provision for diminution
  in value of properties held for sale      -            62,000
                                        ----------      --------
                                        (178,211)      (445,513)
                                        ==========    ==========

3. Loss per share

The calculation of loss per share is based on loss attributable
to shareholders of HK$154,050,000 (2001: HK$468,203,000) and on
the weighted average 7,491,321,498 (2001: 7,491,321,498) shares
in issue during the year.

No diluted loss per share is presented as the exercise of
subscription rights attached to the share options and the
conversion of the convertible notes would not have a dilutive
effect on the loss per share.

4. Final dividend

The Board does not recommend the payment of any final dividend
(2001: nil).


ASIA-STAR: Winding Up Sought by Nihon Engineering
-------------------------------------------------
Nihon Engineering & Trading Limited, is seeking the winding up
of Asia-Star Industrial Limited.  The petition was filed on May
22, 2002, and will be heard before the High Court of Hong Kong
on August 14, 2002 at 9:30 am.

Nihon Engineering is a company incorporated in the British
Virgin Islands.


CHINADOTCOM: Gives 2Q02 Guidance Based on Initial Indications
-------------------------------------------------------------
chinadotcom corporation -- http://www.corp.china.com-- gave  
updated guidance for second quarter 2002.  Based on current
indications for the quarter, the company has continued the trend
of reducing net losses under US GAAP on a sequential quarterly
basis, the 5th consecutive quarter of sequential improvement.  
The company has also maintained its cash and cash equivalent
levels in line with 1Q 2002, an indication of the overall
improvement in operating performance for the company.

chinadotcom's management has been encouraged that revenues have
stabilized in 2Q 2002 following a decline in 1Q 2002, while SG&A
expenses have continued to trend downwards compared to 1Q 2002.  
Quarterly SG&A in Q1 2002 was 62% lower than the same quarter in
the previous year, evidencing the progress the company has made
in better aligning its costs with current revenue trends.
The company continues to work hard to integrate the product
lines and service offerings of its business units.

As a result of the reduction in operating expenses and revenue
stabilization, the company has been able to maintain its strong
balance sheet profile.  In addition, subsequent to the end of Q2
2002 chinadotcom's short-term borrowings under a repurchase
facility with a leading commercial bank has now been fully re-
paid, resulting in a strong, unencumbered balance sheet.

In China, the company continues to focus on improving the
productivity of its software development centers and is pleased
to see continued market acceptance of its software products by
leading business enterprises, and is looking to expand marketing
of its software through strategic alliances with partners that
have global installed client bases.  This progress is part of
chinadotcom's focus on increasing the proportion of higher
value-added, recurrent revenues going forward.

About chinadotcom corporation

chinadotcom corporation (Nasdaq: CHINA; Website:
www.corp.china.com) is a leading integrated Internet company
offering e-business solutions, media assets and e-marketing
services.  Through its three-dimensional business model,
chinadotcom provides a full range of Internet services around
the world that: 1) build e-business strategies and solutions
(chinadotcom e-solutions), 2) distribute content via its media
assets (chinadotcom media assets), and 3) sell services through
online marketing (chinadotcom e-marketing).

The company and its subsidiaries have offices in 10 markets --
Japan, Korea, Australia, Mainland China, Hong Kong, Taiwan,
Singapore, Malaysia, the UK and the US.  


DAH HWA: Narrow Operations Loss to HK$3,755,657    
-----------------------------------------------
Dah Hwa International (Holdings) Limited announced on
19 July 2002:

(stock code: 00600 )
Year end date: 31/03/2002
Currency: HKD
Auditors' Report: Qualified
Review of Interim Report by:
                                                (Audited)
                              (Audited)        Last
                              Current            Corresponding
                              Period             Period
                              from 01/04/2001    from 01/04/2000
                              to 31/03/2002      to 31/03/2001
                              Note  ($)          ($)
Turnover                        : 174,889,469        233,348,252       
Profit/(Loss) from Operations   : (47,611,380)      (50,501,964)        
Finance cost                    : (3,755,657)        (5,915,843)       
Share of Profit/(Loss) of
  Associates                    : (31,942,621)       12,105,230        
Share of Profit/(Loss) of
  Jointly Controlled Entities   : N/A                N/A               
Profit/(Loss) after Tax & MI    : (101,220,600)     (44,495,251)      
% Change over Last Period       : N/A       %
EPS/(LPS)-Basic (in dollars)    : (0.1374)           (0.0628)          
         -Diluted (in dollars)  : N/A                N/A               
Extraordinary (ETD) Gain/(Loss) : N/A                N/A               
Profit/(Loss) after ETD Items   : (101,220,600)     (44,495,251)      
Final Dividend                  : N/A                N/A               
  per Share                                                               
(Specify if with other          : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for
  Final Dividend                : N/A          
Payable Date                    : N/A       
B/C Dates for (-)            
  General Meeting               : N/A          
Other Distribution for          : N/A           
  Current Period                     
                                     
B/C Dates for Other
  Distribution                     : N/A          


GLOBAL FOOD: Composite Offer Document Dispatch Delayed
------------------------------------------------------
Global Food Culture Group Limited is required to dispatch the
composite document to its Shareholders on or before 23rd July,
2002 under Rule 8.2 of the Takeovers Code. However, the
reporting accountants require more time to gather the financial
information relating to the Company subsequent to 31st May,
2002. Consequently, on 23rd July, 2002, the Company applied to
the SFC for the Executive's consent to extend the deadline for
the dispatch of the composite offer document under Rule 8.2 of
the Takeovers Code from 23rd July, 2002 to 26th July, 2002.

The composite offer document contains, among other things, a
letter setting out the terms and details of the Offer, the
recommendations of the Independent Board Committee and a letter
of advice from Altus Capital Limited to the Independent Board
Committee. The Company is expected to dispatch to the
Shareholders on or before 26th July, 2002.

TCR-AP reported on February 26 that the special resolution for
the Capital Reorganization and the ordinary resolutions for the
Share Consolidation and the grant of General Mandates were duly
passed by the Shareholders at the special general meeting of the
Company held on 22nd February, 2002.


GOLDEN TIGER: Winding Up Petition Hearing Set
---------------------------------------------
The petition to wind up Golden Tiger Investment Development
Company Limited is scheduled for hearing before the High Court
of Hong Kong on September 18, 2002 at 9:30 am.

The petition was filed with the court on June 25, 2002 by Bank
of China (Hong Kong) Limited whose registered office is situated
at 14th Floor, Bank of China Tower, No. 1 Garden Road, Central,
Hong Kong.


LAW WONG: Winding Up Petition Slated for Hearing
------------------------------------------------
The petition to wind up Law Wong Kee Law's Construction &
Engineering Company Limited is scheduled to be heard before the
High Court of Hong Kong on September 18, 2002 at 9:30 am.

The petition was filed with the court on June 25, 2002 by Man
Young Industrial Limited whose registered office is situated at
Room 16, 4th Floor, Wah Yuen Industrial Building, 4 Elm Street,
Tai Kok Tsui, Kowloon, Hong Kong


HANNY HOLDINGS: Books Net Loss of HK$102,455M
---------------------------------------------
Hanny Holdings Limited posted its Auditors' Financial Report for
the year ended 31 March 2002:
                                                 (Audited)
                                 (Audited)        Last
                                 Current          Corresponding
                                 Period           Period
                                 from 1/4/2001    from 1/4/2000
                                 to 31/3/2002     to 31/3/2001
                                 ('000)           ('000)
Turnover                             : 4,373,909      3,595,783
Profit/(Loss) from Operations        : (19,026)       (314,766)
Finance cost                         : (58,144)       (111,362)
Share of Profit/(Loss) of Associates : (3,499)        (30,072)
Share of Profit/(Loss) of
  Jointly Controlled Entities        : -                -
Profit/(Loss) after Tax & MI         : (102,455)      (589,365)
% Change over Last Period            : N/A
EPS/(LPS)-Basic                      : (1.60 cents)   (13.35
cents)
         -Diluted                    : N/A              N/A
Extraordinary (ETD) Gain/(Loss)      : -                -
Profit/(Loss) after ETD Items        : (102,455)      (589,365)
Final Dividend per Share             : NIL             0.15 cent
(Specify if with other options)      : -     (with scrip option)
B/C Dates for Final Dividend         : -
Payable Date                         : -
B/C Dates for (-) General Meeting    : -
Other Distribution for Current Period: -
B/C Dates for Other Distribution     : -

Remarks:

1. Loss after Taxation and MI included the following items:

                                    For the year ended March 31,
                                          2002            2001
                                         HK$'000         HK$'000
Impairment loss on goodwill            -               (362,982)
Net gain on disposal of
subsidiaries and associates            5,625           245,053
                                      -------------------------
                                       5,625           (117,929)
                                      ========================
2. Accounting policies

The accounting policies used in the preparation of these
financial statements are consistent with those in the annual
financial statements for the year ended March 31, 2001, except
that in the current year, the Group has adopted for the first
time a number of new and revised Statements of Standard
Accounting Practice (SSAP(s)) issued by the Hong
Kong Society of Accountants.

Adoption of these standards has led to a number of changes in
the Group's accounting policies.  In addition, the new and
revised SSAPs have introduced additional and revised disclosure
requirements, which have been adopted in the Group's financial
statements.  Comparative amounts and disclosures for the prior
year have been restated in order to achieve a consistent
presentation.  The major SSAPs, which have had a significant
effect on the financial statements is:

-       SSAP 9 (Revised):     Events after the balance sheet  
                              date
-       SSAP 14 (Revised):    Leases
-       SSAP 26:              Segment reporting
-       SSAP 30:              Business combinations

3. Loss per share

The calculation of the basic loss per share is based on the loss
for the  year of HK$102,455,000 (2001: HK$589,365,000) and on
the weighted average  number of shares in issue during the year
of 6,421,030,561 (2001:  4,414,731,882) shares.

No diluted loss per share has been calculated for the years
ended March  31, 2002 and 2001 as the conversion of the
Company's outstanding convertible note and the exercise of
warrants and share options would result in a decrease in loss
per share for both years.

The adjustment to the comparative basic loss per share, arising
from the changes in accounting policies shown in Remark
mentioned above, is as follows:
                                                        HK cents
Reconciliation of 2001 loss per share   
         
Reported figure before adjustment                      5.73
Adjustment arising from the adoption of SSAP 30        7.62
                                                        -----
Restated                                               13.35
                                                        =====

KIOK SHERN: Petition to Wind Up Pending
---------------------------------------
The petition to wind up Kiok Shern Holdings (H.K.) Limited is
set for hearing before the High Court of Hong Kong on October 9,
2002 at 9:30 am.

The petition was filed with the court on July 9, 2002 by Bank of
China (Hong Kong) Limited, a banking corporation duly
incorporated in Hong Kong Special Administrative Region whose
registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, Hong Kong.


SANJIU MOTOR: Hearing of Winding Up Petition Set
------------------------------------------------
The petition to wind up Sanjiu Motor International Limited will
be heard before the High Court of Hong Kong on August 14, 2002
at 9:30 am.  The petition was filed with the court on May 23,
2002 by Bank of China (Hong Kong) Limited whose registered
office is situated at 14th Floor, Bank of China Tower, No. 1
Garden Road, Central, Hong Kong.


=================
I N D O N E S I A
=================


CHANDRA ASRI: Inks Naphtha Supply Agreement With Pertamina
----------------------------------------------------------
PT Pertamina is ready to make contract with PT Chandra Asri
Petrochemical Center to supply light raw material, Bisnis
Indonesia reports, citing Pertamina Director Muchsin Bahar.

"In short term, Pertamina is ready to supply raw material needs
of Chandra Asri if there is stock surplus," Muchsin Bahar said,

Earlier, Chandra Asri had asked government to urge Pertamina to
supply naphtha. Up to now, Chandra Asri was importing most of
its naphtha needs from Middle East worth of US$200 million per
year.

Muchsin Bahar said, if the agreement with Chandra Asri  
materialized, Pertamina would gain much benefit as it need not
construct factory to support Tuban refinery.

He added that Chandra Asri would also benefit as expenses would
be lower compared to that used to import naphtha from the Middle
East. Also, he continued, the raw materials are more guaranteed.

On April 16, TCR-AP reported that PT Chandra Asri Petrochemical
signed a debt restructuring deal with its Japanese creditors led
by Marubeni Corp, and the Indonesian Bank Restructuring Agency


CITRA MARGA: Tutut Sells Stake After Yayasan Disposal
-----------------------------------------------------
Siti Hardijanto "Tutut" Rukmana has sold its entire stake in PT
Citra Marga Nusaphala Persada (CMNP), after releasing the
ownership of Yayasan Purna Bhakti Pertiwi stake at CMNP. That
was still owned by PT Citra Lamtorogung Persada and PT Bhaskara
Duniajaya, Bisnis Indonesia reports, citing unnamed source.

"Mbak Tutut does not want to burden CMNP management, as up to
now people tend to view the company as owned by the Cendana
family, whereas it is otherwise," the source said.

Yayasan Purna Bhakti Pertiwi released last week some 220 million
shares of CMNP worth of Rp66 billion at Rp300 per share price.

CMNP President Director Daddy Hariadi declined to comment as he
had no authority to speak on the matter.

The Company has paid out foreign exchange debt worth of US$53
million, to get Rp159.21 billion of capital gain.  

At the end of 2000, foreign exchange debt was reaching US$106
million comprising floating rate notes (FRN) US$40 million and
66 million eurobond.

According to DebtTraders, Citra Marga's 7.250% bonds due on 2002
(CMNP02IDN1) are trading between 68 and 73. Go to
http://www.debttraders.com/price.cfm?dt_sec_ticker=CMNP02IDN1
for real-time bond pricing information.


=========
J A P A N
=========


AOKI CORP: Unveils Draft Business Plan After Rehabilitation
-----------------------------------------------------------
Construction contractor Aoki Corp and its sponsor Takamatsu
Corp. on Tuesday disclosed a draft business plan for Aoki after
its rehabilitation process is finalized.

Under the scheme, Aoki's annual revenues will come down to 80
billion yen, while its assets will be reduced to 120 billion
yen.


DAIEI INC: Plans to Liquidate Hyper Mart Unit by September
----------------------------------------------------------
Daiei Inc. will liquidate its Hyper Mart unit on September 1,
2002, AFX Asia reported Monday.

The report said the business of the eleven Hyper Mart outlets
would be transferred to the Company.

The unit is capitalized at 901 million yen.

TCR-AP reported that Daiei Inc. would also liquidate its loss-
making Coco Mart supermarket unit in Okinawa next February and
close another Daiei store in Kakogawa, Hyogo Prefecture, in
December.

The struggling Kobe-based retailer said the move is in line with
its efforts to streamline operations.


HITACHI LTD: Forming Alliance with Matsushita in Appliance JV
-------------------------------------------------------------
A home appliance unit of Hitachi Ltd. and Matsushita Electric
Industrial Co., best known for its Panasonic, National,
Technics, and Quasar brands, will launch in fiscal 2003 a joint
commercial production of home appliances that can be controlled
via the Internet.

The moves comes as Hitachi Ltd is hoping to slash capital
spending on its chip operations to 24 billion yen this fiscal
year through next March, compared with 220 billion yen in the
year ended March 2001.

Earlier, the Troubled Company Reporter - Asia Pacific said that
Hitachi will liquidate in 2003 its Taiwan unit, Hitachi
Technology (Taiwan) Ltd, as part of a restructuring of its
digital media products' engineering operations.


NIPPON TELEGRAPH: Releases 1Q Financial Results
-----------------------------------------------
Nippon Telegraph and Telephone Corporation posted a net loss of
834.67 billion versus a profit of 533.82 billion a year earlier,
Dow Jones reported Tuesday.

Year Ended March 31:

GROUP                  2002          2001
Revenue              Y11.536 tln   Y11.328 tln
Operating Profit       61.53 bln    834.81 bln
Pretax Profit         (90.46 bln)    1.305 tln
Net Profit           (834.67 bln)   533.82 bln
Per share
Earnings        (51,732.00)    33,465.58

Figures in parentheses are losses.

Figures may differ from headline due to rounding.


NTT DOCOMO: Restructuring European Subsidiaries
------------------------------------------------
NTT DoCoMo, Inc. said Tuesday that it will restructure its
European subsidiaries to improve its effectiveness and to
integrate the Company's European operations, especially in
regard to promoting its and 3G services.

The present London-based wholly owned subsidiary, DoCoMo Europe
(UK) Ltd., will be changed to a holding Company, named DoCoMo
Europe Ltd., wholly owned by NTT DoCoMo, Inc. The other three
existing subsidiaries in Europe will become wholly owned
subsidiaries of this holding Company. The restructure is
scheduled for September 2002.

London-based DoCoMo Europe Ltd. will serve also as DoCoMo's
European headquarters. It will promote i-mode and 3G services
throughout Europe, working in cooperation with its three
subsidiaries. DoCoMo Europe Ltd. will be responsible for PR/IR
activities in Europe, and building connections with European
companies. It will also provide technical support to DoCoMo's
existing partners, as is done at present by DoCoMo Europe (UK)
Ltd.

Mr. Kunihiko Adachi, the former President of DoCoMo's domestic
subsidiary, NTT DoCoMo Tokai, Inc., will head DoCoMo Europe Ltd.
as its Managing Director.

For details of the new structure, go to
http://bankrupt.com/misc/TCRAP_NTTdocomo0724.pdf


NTT DOCOMO: Units Update I-Shot System
--------------------------------------
NTT DoCoMo, Inc. and its eight regional subsidiaries announced
Monday that the i-shotTM center system has been adjusted,
effective July 18, to eliminate occasional transmission
failures. I-shot is a trademark of NTT DoCoMo, Inc. in Japan.  

The i-shot service allows photo transmission from mobile phones
with built-in digital cameras. Photos are sent as e-mail
attachments, via an i-shot server.

DoCoMo discovered that, on rare occasions when two transmissions
occurred concurrently, one wireless connection failed, sending
an error message to the sender. The fault occurred even in ideal
transmission conditions. The problem has now been solved by
adjusting the connection timing at the server to handle the
large volume of traffic generated by the i-shot service.

DoCoMo further discovered that transmission charges have been
billed to the customer even in the case of these connection
failures. DoCoMo will automatically credit all such overcharges,
about 40 million yen in total, in its billing for July.

The glitch was in the system from the i-shot service launch on
June 1 through July 17. About 600,000 i-shot compatible handsets
have been sold since then. (There is no fault with the handsets-
this was a server issue only.)


=========
K O R E A
=========


DAEWOO MOTOR: Europe Approves GM Acquisition of Carmaker
--------------------------------------------------------
The European Commission gave approval on Tuesday for General
Motors to acquire parts of Daewoo Motor Co Ltd, AFX reports.

The purchase includes Daewoo factories in Korea and Vietnam and
nine European sales units in Austria, the Benelux, France,
Germany, Italy, Spain and Switzerland.


HYNIX SEMICONDUCTOR: Fails to Pay W26.4B Debt to KDB
----------------------------------------------------
Hynix Semiconductor Inc. failed to honor mature bonds worth 26.4
billion won ($23 million) that is owed to Korea Development Bank
that matured on July 23, claiming the loans should have been
rescheduled under a bailout deal, Korea Economic Daily and
Bloomberg reported Wednesday.

The report said the chipmaker-deferred payment of the bonds.

TCR-AP reported that minority shareholders of Hynix
Semiconductor Inc. would propose a writedown of the Company's
capital at a shareholders meeting on July 24.

The group will also ask the creditors to write off some of
Hynix' debt and reschedule payments.


HYNIX SEMICONDUCTOR: Offers ARC's 32bit RISC/DSP Microprocessor
---------------------------------------------------------------
ARC International announced on Wednesday that Hynix
Semiconductor is expanding its design services IP portfolio by
offering ARC's industry-leading 32bit RISC/DSP ARCtangent
microprocessor core architecture in hard macro IP form.

Hynix' customers are assured reduced development costs and
faster time-to-market for highly differentiated SoC designs.

"We are delighted to have ARC International as a Hynix SoC
Alliance partner.

The alliance will help catalyze more business opportunities for
joint customers in designing and manufacturing tomorrow's
advanced SoC solutions using ARC's industry-leading IP.

With ARC's IP leadership, Hynix looks forward to increasing the
total number of customer designs using this path to silicon",
said Channy Lee, vice President and general manager of Hynix's
Semiconductor Manufacturing Service (SMS) Division responsible
for foundry, ASIC and COT services.

Hynix's design services include a growing portfolio of third
party semiconductor IP, as well as library cells, analogue IP
and embedded memory blocks developed in-house.

As one of the top four semiconductor foundries in the world,
Hynix is fully leveraged to provide a lower risk and cost
effective development environment ranging from initial design to
final silicon.

"ARC International's alliance with Hynix provides chip designers
the best of both worlds, industry-leading SoC IP for highly
differentiated designs combined with superior fabrication and
manufacturing capabilities", commented Mike Gulett, President
and chief executive of ARC International.

"In addition to providing Hynix customers with high performance
building blocks for communications and consumer product
semiconductors, this alliance expands ARC International's role
in Asia and narrows the production gap between silicon
manufacturing and leading OEM product manufacturing centers in
the region".


HYUNDAI MOTOR: Incurs W1.6T Sales Loss
--------------------------------------
Hyundai Motor and unit Kia Motors expects to incur a total of
W1.6 trillion in losses in their sales in 2002 due to labor
disputes and the plunging United States dollar value against the
Korean won, Digital Chosun reported Tuesday.

The estimated sales loss for both carmakers is likely to soar to
W900 billion for the whole year.

Part of the lost sales would be recovered when employees do
extra work later in 2002 but that sales targets will not be met,
an unnamed Hyundai Executive said.

Hyundai expected its sales in the second half of this year to
shrink by W400 billion and Kia by W200 billion.

DebtTraders reports that Hyundai Motor's 7.600% bond due on 2007
(HYNM07KRS1) trades between 104.100 and 104.510. For real-time
bond pricing, go to
http://www.debttraders.com/price.cfm?dt_sec_ticker=HYNM07KRS1


KIA MOTORS: Union Approves Wage Hike Plan, Ends Strikes
-------------------------------------------------------
The labor union at Kia Motors had accepted a wage hike agreement
with its management, ending a 26-day partial strike that cost
the Kia 429 billion won in lost sales, Channel News Asia
reported Wednesday.

The deal include a monthly salary increase of 95,000 won per
employee and a special bonus of 150 percent of the monthly
salary plus 800,000 won for each worker.

The union had initially sought a monthly salary increase of an
average 128,803 won per employee and an incentive-based bonus of
four times the monthly wage.


===============
M A L A Y S I A
===============


AUSTRAL ENTERPRISES: Issue Price Fixed at RM2.37/Share
------------------------------------------------------
On behalf of the Board of Directors of Austral Enterprises
Berhad, Commerce International Merchant Bankers Berhad, in
respect of the Proposed Merger of Island & Peninsular Berhad and
the Company, announced:

1. the issue price of the new ordinary shares of RM1.00 each
(share) in I&P (I&P Shares) to be issued pursuant to the
Proposed Merger has been fixed at RM2.37 per share, being the
weighted average market price of I&P Shares for the preceding
five (5) market days up to 16 July 2002, being the last trading
day prior to this announcement;

2. the effective purchase price for each ordinary shares of
RM1.00 each in AEB (AEB Share) through the exchange of 1 AEB
Share for 1.5 I&P Shares, is fixed at RM3.55 per AEB Share,
representing a premium of 10.94% to the weighted average market
price of AEB Shares for the preceding five (5) market days up to
18 July 2002 of RM3.20 per AEB Share.

Profile

Plantation Company AEB, is part of the Island & Peninsular Group
and has been involved in plantation activities since its
inception, producing palm oil/kernel, and fresh fruit bunches.
In 1986, as part of a rationalization of the Island & Peninsular
Group, all the plantation activities of the Group were
transferred to AEB.

Wrights Investors' Service reports that at the end of 2002,
Austral Enterprises had negative working capital, as current
liabilities were RM47.84 million while total current assets were
only RM41.39 million.


AVENUE ASSETS: Implements Proposed Acquisition Call Option  
----------------------------------------------------------
On behalf of the Board of Directors of Avenue Assets Berhad,
Commerce International Merchant Bankers Berhad, further to the
extension granted by Genting Daya Sdn Bhd (SPV), a special
purpose vehicle formed for the purpose of assuming the debts
novated by Allied Avenue Assets Securities Sdn Bhd pursuant to
the debt restructuring exercise, for AAB to exercise the call
option in respect of the Proposed Acquisition of AAA Debt
Instruments (Call Option Period), announced that the Company had
on 19 July 2002 exercised the call option in respect of the
Proposed Acquisition of AAA Debt Instruments.

As provided under the terms of the Put and Call Option Agreement
between AAB and the SPV dated 23 October 1999 (as amended by the
supplemental agreements dated 23 October 2000, 19 June 2001 and
19 July 2001) for the Proposed Acquisition of AAA Debt
Instruments, AAB has therefore also exercised its rights to
extend the completion date for the Proposed Acquisition of AAA
Debt Instruments for a period of three (3) months from the
expiry of the Call Option Period, which in any event shall not
be later than 19 October 2002.

Acquisition of the Entire Equity Interest in Allied Avenue
Assets Securities Sdn Bhd (AAA) for a Total Cash Consideration
of Rm130.0 Million Involving the Following:

   * The Subscription of 15,000,000 New Ordinary Shares of
Rm1.00 Each in AAA (AAA Shares) at Par (AAA Subscription), which
was completed on 20 November 2000;

    * The Put and Call Option Arrangement for the Remaining
22,500,000 AAA Shares Held by Malaysian General Investment
Corporation Berhad for a Total Cash Consideration of Rm15.0
Million, which was completed on 22 November 2000; and

   * The Proposed Acquisition of Certain Debt Instruments in AAA
for a Total Cash Consideration of Rm100.0 Million (Proposed
Acquisition of AAA Debt Instruments)


EMICO HOLDINGS: KLSE Extends Proposals Deadline Until Aug 13
------------------------------------------------------------
The Board of Directors of Emico Holdings Berhad announced that
the Kuala Lumpur Stock Exchange had by its letter dated 4 July
2002, approved the extension of time of two (2) months from 14
June 2002 to 13 August 2002 to enable EMICO to obtain all the
necessary approvals from the regulatory authorities.

The Proposals refers to:

   * Proposed Debt Restructuring Scheme
   * Proposed Two-Call Rights Issue
   * Proposed Employee Share Option Scheme
   * Proposed Increase in Authorized Share Capital


JASATERA BERHAD: Faces Summons From Employees Provident Fund
------------------------------------------------------------
Jasatera Berhad had, on 22nd July 2002, received a writ of
summons and statement of claim dated 24th May 2002 from the
legal firm of Rithauddin & Azlin representing Lembaga Kumpulan
Wang Simpanan Pekerja (Employees Provident Fund) for non-
remittance of EPF deductions for the period March 2000 to
February 2001 amounting to RM485,451.00.

In addition, writs of summon have also been served on ten (10)
current and past directors of the Company relating to the same
amount of RM485,451.00.

The defendants including the Company have been given eight (8)
days to response to the writ of summon and statement of claim.
The Company is disputing the full claim of the suit. It is
currently seeking legal advice and will response to the suit in
due course.


MALAYSIAN AIRLINE: Confirms Disposal of 70% of its Shares  
---------------------------------------------------------
Malaysian Airline Berhad replied to KLSE's query in respect of
the article entitled "MAS to announce sale of catering unit"
appearing in Malay Mail, Mail Money on Friday, 19 July, 2002.

The Company confirmed that it has an intention to dispose of at
least 70% of Malaysian Airline System Berhad's shareholdings in
MAS Catering Sdn. Bhd. to a consortium comprising of Fahim
Capital Sdn. Bhd. and LSG SkyChefs. The Company shall make the
necessary announcement when the deal is signed.

TCR-AP reported on June 3 that the Securities Commission (SC)
had approved the Proposed Sale and Leaseback of Eight (8)
aircraft to Aircraft Business Malaysia Sdn Bhd for a total
consideration of approximately RM3.867 billion of which the
proceeds would be utilized for the repayment of the Japanese Yen
loan comprising Y40.0 billion fixed rate note maturing on 29 May
2002 and Y10.0 billion floating rate note maturing on 31 May
2002 (approximately RM1.5 billion) and the balance will be
utilized for the part payment of the purchase price for five (5)
newly acquired aircraft to the aircraft manufacturer.


METROPLEX BERHAD: In the Final DRA Formalization Stage
------------------------------------------------------
Metroplex Berhad, in relation to the Proposed Debt Restructuring
of the Group with the Assistance of the Corporate Debt
Restructuring Committee (CDRC), informed that its debt
restructuring under the ambit of the CDRC, is in the final stage
of formalizing a Debt Restructuring Agreement (DRA).

MB will make a further announcement to the Kuala Lumpur Stock
Exchange once a debt restructuring agreement is entered into
between MB and its lenders.


OLYMPIA INDUSTRIES: Compliance Committee Formation Executed
-----------------------------------------------------------
The Board of Olympia Industries Berhad announced that the
Company has formed a Compliance Committee of the Board with
immediate effect.

The objective of the Compliance Committee is to ensure that all
subsidiaries adhere to the provision of the Listing Requirements
of the Kuala Lumpur Stock Exchange in respect of issues that
warrant immediate disclosure to the Exchange.

Profile

The Company was incorporated under the name of Olympia
Plantations Sdn Bhd as a subsidiary of then listed company, Duta
Consolidated Bhd, which is now known as Olympia Land Bhd. It
ceased to be a subsidiary of Duta on 15 September 1990 and was
converted into a public company on 17 May 1991, following which
it adopted its present name on 18 July 1991 and was listed in
place of Duta on 12 March 1992.

The Group's main activities are in financial services, property
development, construction, property investment, gaming, and
travel and leisure. The Group's operations are substantially
carried out in Malaysia.

On 30 April 1999, Pengurusan Danaharta Nasional Bhd appointed
Special Administrators (SAs) over subsidiary Jupiter Securities
Sdn Bhd to assume control of the assets and affairs of the
Company. The SAs prepared a workout proposal, which was
subsequently approved by secured creditors on 11 October 1999.
The workout proposal involves capital injection, novation of
certain loans of Jupiter Securities to Olympia, settlement of
secured creditors holding pledged quoted securities, conversion
of secured creditors with third party charges to restructured
term loans and conversion of unsecured creditors to redeemable
convertible cumulative preference shares. The workout proposal
has been approved by all relevant authorities except the SC
where a conditional approval was received on 14 August 2000. The
workout proposal is envisaged to be completed in FYE 30 June
2002 pending approval of Olympia's restructuring scheme.

The restructuring scheme was entered into on 8 May 2000 by the
Company and certain of its subsidiaries (Jupiter Capital Sdn
Bhd, Dairy Maid Resort & Recreation Sdn Bhd, Olympia Plaza Sdn
Bhd, Olympia Land Bhd, and Mascon Sdn Bhd, and sub-subsidiaries
LC (BVI) Ltd and Miles & Miles Leisure Sdn Bhd) with financial
institution creditors. The scheme entails a proposed debt and
corporate restructuring comprising capital reduction and
consolidation, reduction of share premium account, rights issue
with detachable warrants, special issue, debt novation, debt
restructuring, acquisition of property companies and land,
disposal of property companies, inter-company settlement with
substantial shareholder Mycom Bhd and offer for sale.

The scheme was submitted to the SC in August 2000. In February
2001, the SC requested for a more comprehensive scheme for its
consideration.

The revised scheme was submitted to the SC in July 2001.
Subsequently, a further amended scheme was submitted to the
relevant authorities for approval in December 2001. The scheme
as amended, has obtained approvals from BNM, FIC and MITI whilst
the approval from the SC is still pending. The amended scheme is
inter-conditional with the proposed restructuring scheme of
Mycom, which is also pending SC approval.


PAN MALAYSIA: Updates Material Litigation Status
------------------------------------------------
Pan Malaysia Capital Berhad, in reference to its announcements
on 17 October 2001, 7 February 2002 and 22 May 2002 pertaining
to the Kuala Lumpur High Court, Suit No. S5-22-832-2001 between
Mr Leong Kok Wah and PM Securities Sdn Bhd, a 99.99%-owned
subsidiary of the Company, informed that the matter is now fixed
for further case management on 20 November 2002.

Wrights Investors' Service reports that at the end of 2001, the
company had negative common shareholder's equity of -288.65
million Malaysian Ringgits. This means that at the present time,
the common shareholders have essentially no equity in the
company. This is further compounded by the fact that among the
assets the company does have on its balance sheet, there are
152.41 million Malaysian Ringgits in intangible assets.


PANGLOBAL BHD: Unit Announces Timber Production Volume  
------------------------------------------------------
PanGlobal Berhad announced that the production volume of timber
of its wholly owned subsidiary, Limbang Trading Sdn Bhd (LTSB)
for the month of June 2002 was 25,358.32 cubic meters.

On May 20, TCR-AP reported that the Restraining Order under
Section 176 of the Companies Act, 1965 dated 21 September 1998
granted to PGB and four (4) of its subsidiaries, namely
PanGlobal Properties Sdn. Bhd., Limbang Trading (Limbang) Sdn.
Bhd., Global Minerals (Sarawak) Sdn. Bhd. and Menara PanGlobal
Sdn. Bhd, which expired on 15 May 2002, has been extended by the
High Court of Malaya for a further period of six (6) months to
15 November 2002.


RNC CORPORATION: Proposes Articles of Association Amendments
------------------------------------------------------------
The Board of Directors and the Special Administrators of RNC
Corporation Berhad have approved the Proposed Amendments to the
Articles of Association of the Company to bring in line with
Chapter 7 of the Listing Requirements of the Kuala Lumpur Stock
Exchange and the Proposed Amendments would be tabled for
shareholders' approval at the forthcoming Thirty-Second Annual
General Meeting of the Company.

Profile

RNC is under the management of Special Administrators appointed
by Pengurusan Danaharta Nasional Berhad on 28 July 1999. The
moratorium placed on the Company extends to 27 July 2002.

RNC is still computing its restructuring scheme announced in
2000. The scheme will involve incorporation of a new entity,
Aliran Ihsan Resources Bhd (AIRB); and Equity Promenade Sdn Bhd,
injection of water treatment businesses, and disposal and
liquidation of selected subsidiaries. Upon completion, the
listing status of RNC will be transferred to AIRB.

RNC's business is primarily the manufacture and sale of uPVC
pipes and fittings for water supply systems, soil, waste and
vent systems and drainage systems. The products are manufactured
under the "SSS" brand. Production capacity and output are 9,600
m/t and 4,800 m/t p.a. respectively. Operations are located in
the Shah Alam Industrial Estate, Selangor.


SENG HUP: White Knight Withdrawal Triggers Plan's Demise
--------------------------------------------------------
Seng Hup Corporation Berhad (Special Administrators Appointed),
in relation to Proposed Corporate And Debt Restructuring Scheme,
announced that Dato' Hamid bin Man and Tri Harvest Holdings Sdn
Bhd had on 12 July 2002 written to SHCB to inform that Dato'
Hamid bin Man will be the sole promoter for the Scheme.
Subsequently, Dato' Hamid bin Man had on 19 July 2002 written to
SHCB to inform SHCB that he has decided to withdraw as the
"white knight"/promoter from the Scheme with effect from 19 July
2002.

Accordingly, on behalf of SHCB, Commerce International Merchant
Bankers Berhad announced that SHCB, via its solicitors, had on
22 July 2002 replied to Dato' Hamid bin Man to state that in
view of his decision to withdraw, the Scheme is aborted with
immediate effect.

Consequently, SHCB had on the same date via its solicitors
informed the solicitors acting for the vendors of the shares in
Juriman Sdn Bhd that the sale and purchase agreement dated 21
February 2001 in relation to such shares has ceased and
determined with immediate effect due to the non-fulfillment of
all the conditions precedent specified therein as a result of,
inter-alia, the abortion of the Scheme.


SURIA CAPITAL: Proposed Injection Extension Request Pending
-----------------------------------------------------------
Suria Capital Holdings Berhad had on 15 May 2002 announced that
Kuala Lumpur Stock Exchange, via a letter dated 14 May 2002,
approved SURIA's application for an extension of time to 22 July
2002 to make the Requisite Announcement.

As both SURIA and the State Government of Sabah (State) are
currently in the final stage of negotiation to finalize the
terms of the agreements in relation to the Proposed Injection of
Sabah Ports Authority into SURIA (Proposed Injection), the
Requisite Announcement is not expected to be made by 22 July
2002.

SURIA had sought a further extension from the KLSE to 22 August
2002 to make the Requisite Announcement to enable SURIA and the
State to finalize the Proposed Injection. The approval of the
KLSE on the extension of time to 22 August 2002 is currently
pending.

Pursuant to Practice Note 10, the KLSE may have trading in the
Company's securities suspended and subsequently delisted if the
Company fails to comply with any of the obligations imposed on
it.


=====================
P H I L I P P I N E S
=====================


BENPRES HOLDINGS: Unit Aims to Repay $84M Bond on August 4
----------------------------------------------------------
Benpres Holdings' power unit, First Philippine Holdings
Corporation, plans to repay $84 million of bonds on August 4,
which is a part of Benpres' $597 million debt plan, DebtTraders
Analysts, Daniel Fan (852-2537-4111) and Blythe Berselli (1-212-
247-5300) reports, citing the Bloomberg news.

The power unit has $60 million in cash and is close to obtaining
a $50 million loan. In addition, First Philippine will be able
to pay another $75 million due in next May.

Benpres Holdings' 7.875% bond due in 2002 (BENP02PHS1) trades
between 56 and 59. For real-time bond pricing, go to
http://www.debttraders.com/price.cfm?dt_sec_ticker=BENP02PHS1


FAIRMONT HOLDINGS: Develops 4,500-Unit Low-Cost Housing Project
---------------------------------------------------------------
In a meeting held on July 19, 2002, the Board of Directors
approved a Company plan to undertake the development of a
housing project to be called Sunrise Hills in Dasmarinas,
Cavite. The project will consist of some 4,500 low-cost
residential units to be developed in several phases over a
period of three years. The board also authorized the Company's
officers to take all necessary steps preparatory to the
launching and marketing of the project.

TCR-AP reported last week that total settlements paid by brokers
facing administrative charges for the Fairmont Holdings Inc.
price-fixing case reached 11.426 M pesos, citing the Securities
and Exchange Commission.

The SEC said in a statement the payments by 75 brokerages
"settle the administrative charges brought forth by the
commission against various brokers for alleged violations of
marking the close, wash sales, match orders, done-thru deals,
advancing the bids, order ticket rule, among others, in
connection with the BW Resource Corp stock transaction."

According to Technistock.com as of 2001, Fairmont Holdings has
total current assets of P4.45 million, compared to total
liabilities of P13.78 million.


NATIONAL BANK: Narrows H1 Net Loss to P1.4B
-------------------------------------------
Philippine National Bank narrowed its net loss to 1.4 billion
pesos in the first half compared with a loss of 3.9 billion a
year earlier, with the bottom line improving largely due to
lower interest expense and administrative expenses, AFX Asia
reported Monday.

PNB said the improvement in its financial health came after the
bank's major shareholders, the government and businessman Lucio
Tan, in May signed a memorandum of agreement to rehabilitate the
bank.

PNB expects a net loss of 2.9 billion pesos in 2002, with the
NPL ratio declining to 39 percent by year-end.

PNB President Lorenzo Tan said he expects the bank to post a net
profit of 700-800 million pesos in its fourth year of
rehabilitation.


NATIONAL POWER: Pays US$5M to CBK for Plant Rehabilitation
----------------------------------------------------------
The National Power Corporation pays US$5 million to CBK Power
Ltd for the rehabilitation of its Kalayaan power plant, the
Philippine Star and AFX Asia reported Tuesday.

CBK Power is a joint venture of IMPSA Asia Ltd and Edison
Mission.


NATIONAL POWER: Releases Audit Info on CBK Project
--------------------------------------------------
An independent hydrological engineering firm, Meritec Limited of
Auckland, New Zealand presented on Monday its evaluation on the
completion of Kalayaan 1 Unit 1 to National Power Corporation
(Napocor), according to the Philippine Department of Energy on
Monday.

The report considered that the acceptance and commissioning of
Kalayaan 1 Unit 1 were met except that some of the Range and
Load Response features, particularly the Static Frequency
Converter (SFC) were not met as required under the Build-
Rehabilitate-Operate-Transfer (BROT) Supplemental Agreement
between Napocor and CBK Power Corp.  

The absence of the SFC, however, was deemed to have little
effect on system operations. The majority of the conversion
items for completion between Kalayaan Unit 1 and 2 were found by
Meritec to have been completed. The main reasons for non-
completion of common items were that these can only be completed
during station outage, which Napocor has not been able to
provide for sufficient duration; and that a number of common
items can only be completed in conjunction with the completion
of Kalayaan II.  

On the basis of the Meritec evaluation report, Napocor will pay
CBK Power the first payment of the capital recovery fee with
regards to Kalayaan 1 Unit 1. The project audit report was a
condition precedent for payment imposed by the Napocor Board
last week. The Napocor payment will avert an imminent event of
default that was about to be triggered by the non-payment
instruction of the Energy Secretary Vincent S. Perez, Jr., who
is also vice-chairman of Napocor.  

Meritec also recommended to Napocor that administrative
procedures for commissioning of subsequent units be reviewed.
The issuance of a Substantial Completion Certificate on
completion of testing would seem more appropriate, as it could
enumerate any outstanding minor items (not affecting the
commercial operation of the unit) to be completed, and would
trigger the capital recovery fee. The issue of the Certificate
of Completion would only follow when all outstanding minor items
have been completed, Meritec added.

For more information, go to
http://www.doe.gov.ph


PHILIPPINE LONG: First Pac Responds to Gokongwei Transaction
------------------------------------------------------------
First Pacific replies to Philippine Long Distance Telephone's
(PLDT) press statement on Monday regarding First Pacific's
filing of the MOA pertaining to its proposed transaction with
the Gokongwei Group.

First Pacific reiterates its previous statement that the
material terms and conditions of the MOA already have been
disclosed on 5 June 2002 by First Pacific, in accordance with
the Hong Kong Stock Exchange's Listing Rules on "Notifiable
Transactions", as well as in First Pacific's 11 June 2002 filing
with the United States Securities and Exchange Commission, with
the exceptions previously noted.

First Pacific wishes to emphasize that it is common in
documenting transactions that memorandum of agreement or
understanding, by their very nature, are no more than
preliminary recitations of the general parameters upon which
transactions are based.  For this reason, First Pacific's public
announcements on the proposed transaction informed the investing
public that definitive documentation, containing the final terms
and conditions with "the Gokongwei Group or entities designated
by them", would be entered into in the future.  At such time,
First Pacific will make the appropriate announcement.

As to the impact of our proposed transaction on PLDT and its
shareholders, we note that PLDT is a publicly listed Company on
the Philippine, New York and Pacific Stock Exchanges, which
listings are designed to ensure that any shareholder, whether
large or small, has the right to freely buy and sell its
interests in those shares.  This is the very essence of a
publicly traded Company and no shareholder should have such
rights impeded by management.

On the matter of PLDT's bylaw on the nomination and election of
competitors to the board of PLDT, this was approved on 29 March
2001 by the board of PLDT without prior notice to, and approval
by, PLDT's shareholders in general meeting.  While the PLDT
board acted pursuant to a PLDT shareholders resolution, because
such resolution was enacted in April 1953, it would be best
corporate governance practice at this time for all PLDT
shareholders to be given the opportunity to review, in the next
general meeting, this resolution and other similarly adopted
resolutions, to ensure that management act at all times in the
best interests of all shareholders.  

First Pacific hopes that this clarification will serve to
curtail any further debate regarding the material substance of
the MOA.

For further information, please contact:

First Pacific Company Limited
Rebecca Brown Tel:  (852) 2842 4301
Executive Vice President
Group Corporate Communications

Sara Cheung Tel:  (852) 2842 4336
Assistant Vice President
Group Corporate Communications

Further information, including past announcements, can be
accessed at
www.firstpacco.com
email: info@firstpac.com.hk


URBAN BANK: EIB Expects Settlement of Depositors' Claims
--------------------------------------------------------
Export and Industry Bank is expecting depositors of Urban Bank
to settle claims sooner than the original payment schedule on
September 13, AFX Asia reported Tuesday.

Export Bank, the surviving entity after the merger with Urban
Bank, has around 3 billion pesos in liquid funds, and has no
plans to seek financial aid from the central bank and the
Philippine Deposit Insurance Corp.

Export Bank will focus on collecting Urban Bank's outstanding
loans, with a tight monitoring system that includes a "name by
name" collection plan.

Export Bank plans to reopen seven of the former Urban Bank in
2002, after initially reopening five branches.


=================
S I N G A P O R E
=================


ALEXANDRA HOLDINGS: Management Proposes Voluntary Liquidation
-------------------------------------------------------------
The Board and management of Alexandra Holdings Limited have
proposed the voluntary liquidation of the Company, GK Goh
research said Wednesday. The move came after the management
concluded that they were unable to find a way of satisfying
Singapore Exchange Securities Trading Limited (SGX) listing
rule, which requires all listed firms to keep a minimum 10
percent of their shares in the general public's hands.

SGX had granted Alexandra an extension to August 30 to abide by
the rules, but directors have considered various options and
found none of them viable. The management also tried
masterminding a reverse takeover with several parties, but each
attempt has fallen through. Having exhausted all options, they
have concluded it was probably in shareholders' best interests
to wind the Company up.


BIL INTERNATIONAL: Posts Notice of Shareholder's Interest
---------------------------------------------------------
BIL International Limited posted of notice of changes in
substantial shareholder Universe Holdings Ltd's interests:

Notice Of Changes In Substantial Shareholder's Deemed Interests
Name of substantial shareholder: Temasek Holdings (Private)
Limited
  
Date of notice to Company: 23 Jul 2002
Date of change of interest: 16 Jul 2002
Name of registered holder: CDP : Universe Holdings Ltd
Circumstance(s) giving rise to the interest: Open market
purchase
Shares held in the name of registered holder

No. of shares of the change: 200,000
% of issued share capital: 0.01
Amount of consideration per share excluding brokerage,GST,stamp
duties,clearing fee: 0.6178
No. of shares held before change: 103,030,848
% of issued share capital: 7.53
No. of shares held after change: 103,230,848
% of issued share capital: 7.54

Holdings of Substantial Shareholder including direct and deemed
interest
                                    Deemed Direct
No. of shares held before change:    103,030,848  
% of issued share capital:           7.53  
No. of shares held after change:     103,230,848  
% of issued share capital:           7.54  
Total shares:                        103,230,848  


DBS GROUP: Appoints Leung Chun Ying as Director
-----------------------------------------------
DBS Group Holdings Ltd has appointed Leung Chun Ying as Director
of the Company effective on July 22, 2002.

Name: Leung Chun Ying
  
Age: 47
  
Country of principal residence: Hong Kong
  
Whether appointment is executive, and if so, the area of
responsibility: Non-executive
  
Working experience and occupation(s) during the past 10 years:
1977 - 1993 : Vice Chairman, Asia, Jones Lang Wootton
1993 - 1999 : Chairman and Managing Director, C.Y. Leung &
Company Limited
2000 - Present: Chairman, DTZ Debenham Tie Leung Global

Shareholding in the listed issuer and its subsidiaries: None
  
Family relationship with any director and/or substantial
shareholder of the listed issuer or of any of its principal
subsidiaries: None
  
Conflict of interest: None


Declaration by a Director, Executive Officer or Controlling
Shareholder as Required
( As required per Appendix 2.4)
-  
1(a) Were you in the last 10 years involved in a petition under
any bankruptcy laws in any jurisdiction filed against you ?
No
  
1(b)  Were you in the last 10 years a partner of any partnership
involved in a petition under any bankruptcy laws in any
jurisdiction filed against it while you were such a partner?
No
  
1(c) Were you in the last 10 years a director or an executive
officer of any corporation involved in a petition under any
bankruptcy laws in any jurisdiction filed against it while you
were such a director or executive officer ?
No
  
2. Are there any unsatisfied judgements outstanding against you
?
No
  
3. Have you been convicted of any offence, in Singapore or
elsewhere, involving fraud or dishonesty punishable with
imprisonment for 3 months or more, or charged for violation of
any securities laws? Are you the subject of any such pending
criminal proceeding ?
No
  
4. Have you at any time been convicted of any offence, in
Singapore or elsewhere, involving a breach of any securities or
financial market laws, rules or regulations ?
No
  
5. Have you received judgment against you in any civil
proceeding in Singapore or elsewhere in the last 10 years
involving fraud, misrepresentation or dishonesty? Are you the
subject of any such pending civil proceeding ?
No
  
6. Have you been convicted in Singapore or elsewhere of any
offence in connection with the formation or management of any
corporation?
No
  
7. Have you ever been disqualified from acting as a director of
any Company, or from taking part in any way directly or
indirectly in the management of any Company?
No
  
8. Have you been the subject of any order, judgment or ruling of
any court of competent jurisdiction, tribunal or governmental
body permanently or temporarily enjoining you from engaging in
any type of business practice or activity ?
No
  
9. Have you , to your knowledge, in Singapore or elsewhere, been
concerned with the management or conduct of affairs of any
Company or partnership which has been investigated by an
inspector appointed under the provisions of the Companies Act,
or other securities enactments or by any other regulatory body
in connection with any matter involving the Company, or
partnership occurring or arising during the period when you were
so concerned with the Company or partnership?
No


GP INDUSTRIES: Liquidates Subsidiary
------------------------------------
Shenzhen Nike Electronic Ltd. (Shenzhen Nike), a 70.6 percent
indirectly owned subsidiary of GP Industries Ltd, has been
voluntarily liquidated.

The principal activities of Shenzhen Nike were development of
electronics products. Prior to its voluntary liquidation,
Shenzhen Nike has been de-activated following the commencement
of operations of GPE (Shenzhen) Limited, a wholly owned
subsidiary of the Company which is also engaged in the
development of electronics products.


SIS 88: Closing Raw Sugar Refining Business
-------------------------------------------
Sugar refinery SIS 88 is closing its raw sugar refining business
on August 7, Reuters reported last week.

SIS Managing Director Howard Delaney said higher labor, fuel and
power costs and increased competitiveness from other white sugar
distributors were the chief reasons for closing the refinery.

The Company did not specify how many of its 200 staff will be
retrenched just now.

SIS 88 is a joint venture between ED & F Mann and Kuok Singapore
Pte Ltd. The partners bought the refinery from the Singapore
government in 1988.


===============
T H A I L A N D
===============


COGENERATION PUBLIC: Transfers Funds to Compensate Deficit   
----------------------------------------------------------
The Cogeneration Public Company Limited notified the
shareholders that the Extraordinary General Meeting No. 2/2545
held on July 22, 2002 resolved to approve the transfer of the
statutory reserve fund and the share premium reserve fund,
respectively, to compensate for the retained deficit of the
Company.

On April, TCR-AP reported that Thai Rating and Information
Services Co., Ltd. (TRIS) was following closely the announcement
from The Cogeneration Public Company Limited (COCO) that it
would delist from the Stock Exchange of Thailand (SET). TRIS
said that delisting COCO was part of ongoing organizational
restructuring within Tractebel Group in Thailand.


RAIMON LAND: Plan Administrator Appoints New Board of Directors   
---------------------------------------------------------------
Raimon Land Planner Co., Ltd., as the Plan Administrator of
Raimon Land Public Company Limited (Raimon Land), has appointed
the new four directors of Raimon Land:

(1)  Mr. Robert William Mcmillen  effective on    17 July 2002.
(2)  Mr. Jeremy Lechemere King    "         "     17 July 2002.
(3)  Mr. Ruengwit  Dusadeesurapoj "         "     17 July 2002.
(4)  Mr. Lam Kin Hing Kenneth     "         "     17 July 2002.

Since the appointment of additional new directors, the Plan
Administrator considered and changed the number or names of the
directors who could sign to bind the Company to: "Two directors
can sign jointly to bind the Company together with affixing of
the Company's seal".


SINO-THAI: Files Business Reorg Petition in Bankruptcy Court
------------------------------------------------------------
Sino-Thai Engineering And Construction Public Company Limited
(DEBTOR)'s Petition for Business Reorganization was filed at the
Central Bankruptcy Court:

   Black Case Number Phor. 24/2542

   Red Case Number Phor. 3/2542

Petitioner: Sino-Thai Engineering and Construction Public
Company Limited
    : Hongkong and Shanghai Banking Corporation Limited

Planner: Mr. Anutin Charnveerakul
: Mr. Chavarat Charnveerakul

Debts Owed to the Petitioning Creditor: Bt6,381,026,259.00

Date of Court Acceptance of the Petition: December 17,1999

Court Order for Business Reorganization and Appointment of the
Planner: January 17,2000

Announcement of Court Order for Business Reorganization and
Appointment of the Planner in Matichon Public Company Limited
and Siam Rath Company Limited: January 24, 2000

Announcement of Court Order for Business Reorganization and
Appointment of the Planner in Government Gazette: February 24,
2000

Adjourned date to submit the Business Reorganization Plan: July
24, 2000

Creditors' meeting accepted the Plan: August 23, 2000

Court Order for accepted the Plan: September 4, 2000

Announcement of Court Order for Accepted the Business
Reorganization Plan in Matichon Public Company Limited and Siam
Rath Company LImited: September 12, 2000

Announcement of Court Order for Accepted the Business
Reorganization Plan in Government Gazette: September 26, 2000

Deadline for the Administrative Planner to submit the Plan to
the Official receiver: December 4, 2000

Court had issued an Order canceling the Business Reorganization
of the company on December 15, 2000

Announcement of Court Order for Canceling the Business
Reorganization in Matichon Public Company Limited and Siam Rath
Company Limited: December 27, 2000

Announcement of Court Order for Canceling the Business
Reorganization in Government Gazette: January 23, 2001

Contact: Ms. Bang-orn, Tel, 6792525 ext 112


SRITHAI SUPERWARE: Successfully Completes Debt Restructuring
------------------------------------------------------------
Srithai Superware Public Company Limited has successfully
completed its restructuring well ahead of schedule.  On July
19th, 2002 the company signed a syndicated loan with its
bankers, Siam City Bank Pcl. and Bangkok Bank Pcl., marking the
last major step in the company's restructuring.

"We have worked hard to finalize our restructure. The Civil
Court of Southern Bangkok ordered a removal from the
rehabilitation on July 15, 2002.  Thus management control is
now restored." said Srithai Superware President Khun Sanan
Angubolkul. "The success of Rehabilitation Plan is attributable
to the support from our Plan Administrator SGV-Na Thalang who
worked closely and cooperatively with Srithai's management team
for the past two and a half years".

Working together in harmony and with professional ethics,
Srithai Superware Pcl. and SGV-Na Thalang Co., Ltd. provided a
good example of the restructuring process. "The process combined
not only financial but also operational restructuring which
helps push the company ahead and return to health again after
the crisis," said Mr. Andrew Gordon Executive Director of SGV-Na
Thalang Co., Ltd.

The company's outstanding dollar loan stands at US$64.832
million, which is due in 2005.  A resolution from the
extraordinary meeting of the FRNs Noteholders on July 11, 2002
approved an early redemption of the FRNs by Srithai with a
discount of USD 2.35 million if prepayment is made in full
within July 30, 2002.

As part of refinancing scheme, the latest facility of Bt2.4
billion will be used to repay the USD loan and for working
capital.  After the refinancing is completed the debt/capital
ratio will be reduced from 0.9 to 0.7 times. "From now on we can
run our business without having to worry about foreign currency
exposure on the debt," said Khun Sanan.

With a firmly established professional management team Srithai
has regained control over the company's management.  Management
now has an 18.3% stake in shares of Srithai's increased
capital of 285.7 million shares after the debt to equity
conversion in 2000.An Audit Committee will be set up in line
with the SET regulations and the company's policies, which will
emphasize on business transparency, managerial efficiency and
strengthening confidence of relevant parties.  

An extraordinary shareholder's meeting, the first since entering
the Rehabilitation Plan, will be held on August 21,2002,in order
to update shareholders about the success of the plan and appoint
new directors.  "We believe that good governance is crucial in
maintaining our dominant market position and the support of our
shareholders," added Khun Sanan.

Srithai Superware is Thailand's leading manufacturer of plastic
and melamine tableware and exports over 25% of its products.  
The company set its Corporate Business Direction for 2002-2004
to be a period of growth with quality with an aim to increase in
sales of approximately 5-7% over the next two years.  It is
expected that sales growth will be driven by its ongoing push
into high value-added products for the automobile industry and
improvement in consumer products. Additionally, Srithai will
continue to emphasize on fully utilizing its capacity, improving
efficiency, enhancing service satisfaction, improving product
quality and utilizing newly installed IT system.

For further information please visit the company's website:
www.srithaisuperware.com or contact President Khun Sanan
Angubolkul, telephone at 662 0 2257-0300 or e-mail at
nilobol@webershandwick.com


* DebtTraders Real-Time Bond Pricing
----------------------------------

Issuer             Coupon   Maturity   Bid - Ask   Weekly change
------             ------   --------   ---------   -------------

AES China             10.125% due 2006    96 - 97.5    n/a
Asia Pulp & Paper     11.75%  due 2005  27.5 - 29.5     -1
APP China             14.0%   due 2010    23 - 25        0
Asia Global Crossing  13.375% due 2010    17 - 19       -3
Bayan Telecom         13.5%   due 2006  19.5 - 21.5     -2
Daya Guna Sumudera    10.0%   due 2007  3.25 - 5.25   -.25
Hyundai Semiconductor 8.625%  due 2007    57 - 65       -5
Indah Kiat            11.875% due 2002    31 - 32       -1
Indah Kiat            10.0%   due 2007    25 - 27        0
Sampoerno             8.375%  due 2006 97.25 - 99.25   n/a
Tjiwi Kimia           10.0%   due 2004    25 - 27      +.5
Zhuahi Highway        11.5%   due 2008    32 - 36        0

Bond pricing, appearing in each Thursday's edition of the
TCR-AP, is provided by DebtTraders in New York. DebtTraders is a
specialist in global high yield securities, providing clients
unparalleled services in the identification, assessment, and
sourcing of attractive high yield debt investments. For more
information on institutional services, contact Scott Johnson at
1-212-247-5300. To view our research and find out about private
client accounts, contact Peter Fitzpatrick at 1-212-247-3800.
Real-time pricing available at www.debttraders.com


S U B S C R I P T I O N  I N F O R M A T I O N

Troubled Company Reporter -- Asia Pacific is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Washington, DC USA. Lyndsey Resnick,
Maria Vyrna Nineza-Merlin, Maria Cristina Pernites-Lao, Editors.

Copyright 2002.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.  Information
contained herein is obtained from sources believed to be
reliable, but is not guaranteed.

The TCR -- Asia Pacific subscription rate is $575 for 6 months
delivered via e-mail. Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are $25 each.  For subscription
information, contact Christopher Beard at 240/629-3300.

                 *** End of Transmission ***