/raid1/www/Hosts/bankrupt/TCRAP_Public/040401.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, April 1, 2004, Vol. 7, No. 65

                            Headlines

A U S T R A L I A

AMP LIMITED: Releases Concise Shareholders Report
AUSTRALIAN GAS: Issues Share Sale Agreement Status
NATIONAL AUSTRALIA: Walter's Allegations Prompt New Report
NATIONAL AUSTRALIA: Jostling For Audit Deal Heats Up
NATIONAL AUSTRALIA: Stewart Addresses Global Unions Conference

NATIONAL INVESTMENT: Court Appoints Liquidator to Kaye Companies
QANTAS AIRWAYS: To Acquire Five More 737-800s by End of 2005
SANTOS LIMITED: Completes First Condensate Shipment
SANTOS LIMITED: Enters Alliance with BP Singapore
SANTOS LIMITED: Expects More Projects Approved in 2004


C H I N A  &  H O N G  K O N G

BERJAYA HOLDINGS: Issues Share Price Notice
BONBON LIMITED: Court Sets Date for Hearing of Petition
CIL HOLDINGS: Delays Submission of 2003 Results
EAST NOBLE: Court Sets Date for Hearing of Petition
EURO-ASIA: Liquidator Rejects Resumption Proposal

EURO-ASIA: Adjourns Winding up Hearing
KINSENSE LIMITED: Hearing Date For Petition Scheduled
PURE CITY: Court Schedules Petition Hearing
SILVER DRAGON: Settles Debt Payments to Creditors
SLB INTERNATIONAL: Schedules Winding up Hearing

TAI WAI: SFC Prosecutes Director Tim Spencer
WONSON INVESTMENTS: Hearing for Winding Up Petition Set


I N D O N E S I A

ASTRA INTERNATIONAL: Net Profit Increases by 21.6 Percent
BANK NEGARA: Targets a Net Profit of Rp3T in 2004
TELEKOMUNIKASI INDONESIA: Local Call Rates to Rise by 28 Percent


J A P A N

ALL NIPPON: Trimming Base Pay by 5 Percent Overall
ALL NIPPON: Expands E-Ticket Availability On China Routes
ASANO ENGINEERING: Resona OKs Liquidation Proposal
ASHIKAGA FINANCIAL: Court Grants Rehab Request
DAIEI INC.: To Replace Third of Its Board In May

DYNAM COMPANY: R&I Affirms Ratings
HANKYU CORPORATION: Railway Operator to Reorganize Operations
KANEBO LIMITED: Shareholders OK Revival Plan
KAWAI MUSICAL: Sees 2003 JPY7B Net Loss
K.K. FOREKKUSU: Agency Files for Bankruptcy

K.K. UMESEN: Real Estate Leasing Firm Files for Bankruptcy
K.K. YUGASHIMA: Golf Course Files For Bankruptcy
MITSUBISHI MOTORS: MTFG Seeks up to JPY100B Loan From DBJ
MITSUBISHI MOTORS: Denies Closure of Australian Facilities
OHKI CORPORATION: Construction Firm Goes Under

SEISHIN KOHATSU: Telecom Firm Enters Bankruptcy
TDK CORPORATION: Dissolves Soft Ferrite Core Unit in Malaysia
TENMA PAPER: Paperboard Manufacturer Files for Bankruptcy
YAYOI CORPORATION: Plastic Manufacturer Enters Bankruptcy


K O R E A

HANARO TELECOM: Unveils March 26 AGM Resolutions
HANARO TELECOM: KCC Order Broadband Internet Firms to Pay W132M
HYNIX SEMICONDUCTOR: Develops DDR2 Chips for Laptops
SK CORPORATION: Sees Oil Imports and Market Share Fall Last Year


M A L A Y S I A

ANCOM BERHAD: Listing New Ordinary Shares
ANTAH HOLDING: Announces Change in the Audit Committee
ANTAH HOLDING: Announces Changes in Boardroom
BERJAYA GROUP: Presents Unaudited Financial Report
CHIN FOH: Announces a Change in Business Address

CRIMSON LAND: Updates Proposed Debt Restructuring
CSM CORPORATION: To Appeal Securities Commission Decision
CSM CORPORATION: L'Grande Withdraws Winding Up Petition
GENERAL CORP: Finally Stops Losses
GENERAL SOIL: Withdraws Winding Up Petition

HAP SENG: Listing New Ordinary Shares
HAP SENG: Issues Notice of Shares Buy Back
K.P. KENINGAU: Issues Monthly Report on Production Figures
LANKHORST: Announces a Change in the Boardroom
LONG HUAT: Extends Date for Fulfillment of Conditions

MALAYSIAN AIRLINES: Appoints New Managing Director
MANGIUM: Subsidiary Defaults in Payments
PANCARAN: Details Restructuring Scheme Developments
PERNAS INTERNATIONAL: SC Approves Restructuring Scheme
PILECON ENGINEERING: Obtains Restraining Order

PROTON: Denies Technical Glitch in CAMPRO Engine
SIN KEAN BOON: Alumeta Unit Voluntarily Winding Up
TANJONG PUBLIC: Issues Notice Of Book Closure
WCT ENGINEERING: Proposes To Renew Shareholders' Mandate
WING TIEK: Announces a Change in Business Address


P H I L I P P I N E S

NATIONAL POWER: Imposes 15-day Due Diligence to Bidders
PILIPINO TELEPHONE: Submits Clarification of News Article


S I N G A P O R E

CIRCUITS PLUS: Voluntarily Dissolving Associated Company
CIRCUITS PLUS: Subsidiary Hikes Issued and Paid Up Capital
ECON CORPORATION: Enters Novation Agreement With BBR Holdings
ECON INTERNATIONAL: Presents Compromise Scheme to Creditors
ENERSAVE HOLDINGS: Announces a Change in Company Name

FLEXTECH HOLDINGS: Announces Change in Shareholder's Interest
NEOCORP INTERNATIONAL: Clarifies Straits Times Report
RSH LIMITED: Winding Up Dormant Unit


T H A I L A N D

THAI MILITARY: Issues Correction on Preferred Shares

     -  -  -  -  -  -  -  -

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


AMP LIMITED: Releases Concise Shareholders Report
-------------------------------------------------
AMP Limited submits to the Australian Stock Exchange the
company's Concise Shareholders Report.

To view full copy of the report, click
http://bankrupt.com/misc/amplimited033104.pdf


AUSTRALIAN GAS: Issues Share Sale Agreement Status
--------------------------------------------------
The Australian Gas Light Company (AGL), together with its Great
Energy Alliance Corporation (GEAC) consortium partners,
confirmed on Wednesday, 31 March with the Loy Yang A Power
Partners including Horizon Energy Investment Group that the
Share Sale Agreement has been extended to facilitate
finalization of all documentation.

All parties now expect to complete the Share Sale Agreement,
including meeting all conditions required to achieve financial
close by April 8, 2004.

The GEAC consortium was formed by AGL, The Tokyo Electric Power
Company (TEPCO) and Commonwealth Bank-led investors last year
specifically purchase the Loy Yang A Power Station.

Further Enquiries:
Contact:  Jane McAloon, Group Manager External
          and Regulatory Affairs
Direct:  (02) 9921 2349
Mobile:  0419 447 384

Contact:  Jane Counsel, Media Relations Manager
Direct:  (02) 9921 2352
Mobile:  0416 275 273


NATIONAL AUSTRALIA: Walter's Allegations Prompt New Report
----------------------------------------------------------
Allegations that it influenced the investigation into its AU$360
million currency trading scandal has prompted the National
Australia Bank (NAB) to come up with a new report addressing the
criticisms of dissident board Member Cathy Walter in order to
clear its name, reports The West Australian newspaper.

This is the second time in three weeks that lawyers have been
asked to establish that NAB resolved any real or potential
conflicts when it had PricewaterhouseCoopers report on the
cultural and systemic problems that led to the losses. Blake
Dawson Waldron (BDW) partners Elizabeth Johnstone and Anne
Dalton, who were responsible for the original probity report
accompanying the March 12 PwC report, were put in charge of
reviewing Mrs. Walter's allegations.

Ms. Walter has alleged in letters issued last Friday that the
probe lacked impartiality and she fears being made a scapegoat.
The letters were originally addressed to Chairman Graham Kraehe
and were dated between March 3 and 21.

BDW said in its initial report that PwC had successfully
resolved a conflict of interest it had with NAB and that it may
"reasonably be regarded as being independent for the purposes of
providing the report." PwC Chief Executive Tony Harrington has
written to his staff claiming that he personally monitored the
"extensive" quality assurances in the PwC report to ensure that
NAB did not influence its findings.

But the latest BDW report could also bring Ms. Walter and Ms.
Johnstone into a collision course over the critical issue of the
bank's credibility. Sources yesterday attacked claims that NAB
executives were effectively given a free hand in determining the
priorities of the probe, in influencing its findings and in
apportioning the blame.

The claim emerged from allegations that there were actually four
drafts of the PwC report and dramatic differences between
drafts.

According to an executive with one of the companies involved,
bank and BDW lawyers under tight security, attended the final
meeting in which the final draft of the PwC report was
considered. Senior bank executives were locked in a room, given
a printout of the report and restricted to addressing factual
errors, the source said, adding that no substantive changes were
considered.

Three previous meetings involving the three parties were verbal
"status reports" at which BDW lawyers attended "to ensure that
directors were not influenced by PwC". BDW is also said to have
approved a six-hour drafting session involving consultations
between the risk committee and the PwC investigation team.


NATIONAL AUSTRALIA: Jostling For Audit Deal Heats Up
----------------------------------------------------
With an audit deal worth some AU$13 million up for grabs, two of
the big four accounting firms being scrutinized for their role
in National Australia Bank's foreign currency trading scandal
are seeking to defend their reputations, reports The Australian.

KPMG, the NAB's current external auditor, and
PricewaterhouseCoopers, which carried out the independent review
of the forex debacle, are expected to contest the NAB audit
which was worth $13 million in fees last year and is likely to
be worth more in coming years. However, they still have to deal
with various controversies surrounding their dealings with NAB.

KPMG publicly hit back at insinuations that last week's scathing
Australian Prudential Regulation Authority (APRA) report on the
forex losses had criticized the firm's conduct of the audit. In
a letter to The Australian and other newspapers, KPMG chief
executive Lindsay Maxsted said statements in the APRA report had
been "interpreted out of context". "We have always conducted our
audit work at the National Australia Bank with the highest
professional standards and executed our responsibilities with
diligence and in the best interests of bank shareholders," Mr.
Maxsted said.

He said APRA had "clarified" to the firm that it did not
"express any opinion -- negative or positive -- on the scope or
quality of the external audit". "KPMG did in fact identify and
report on a range of relevant issues related to the board's
market risk activities," the letter says.

According to the APRA report, KPMG identified a "number of
issues" related to foreign exchange risk management during its
audits in 2000-01 and 2001-02.

The report said KPMG had a "number of opportunities" to raise
relevant concerns with the bank but these were not effectively
drawn to the attention of the NAB board's audit committee. But
the report also said the firm "clearly identified" problems with
the bank's handling of trading risk limits in 2003.

PwC, on the other hand, was consulting lawyers Tuesday over
renegade NAB director Catherine Walter's allegations that it
allowed allowed bank chairman Graham Kraehe to rework draft
versions of the report. She also claimed in part that PwC earned
more fees from NAB than KPMG in 2003, through non-audit work.


NATIONAL AUSTRALIA: Stewart Addresses Global Unions Conference
--------------------------------------------------------------
National Australia Bank Chief Executive Mr. John Stewart on
Tuesday told a meeting of the four major unions with members who
work for the National Australia Group that he was keen to build
a positive relationship with them.

"Our strategic objective is to have great people, a great place
to work and winning performance.  Strong relationships with our
unions is an important part of that strategy," he said.

The meeting of the unions, FINSEC, FSU, IBOA and UNIFI, is a
biennial event on this occasion held in Auckland, New Zealand.

For further information contact:

Brandon Phillips
Group Manager
Group Corporate Relations
03 8641 3857 work
0419 369 058 mobile

To view full copy of the presentation, click
http://bankrupt.com/misc/NABunionpresentation033004.pdf


NATIONAL INVESTMENT: Court Appoints Liquidator to Kaye Companies
----------------------------------------------------------------
The Australian Securities and Investments Commission (ASIC) on
Monday agreed to end its proceedings to have a receiver
appointed over the assets of Mr. Henry Kaye, following an
agreement between Mr. Kaye and the liquidators of National
Investment Institute Pty Ltd (NII) and Property Corporate
Services Pty Ltd (PCS).

The liquidators, Mr. Andrew Hewitt and Mr. Greg Keith, believe
that this agreement is in the best interests of the creditors of
NII and PCS.

As a result of Monday's agreement, the Federal Court appointed
Mr. Keith of Grant Thornton as liquidator of:

Investmentsource Corporation Pty Ltd
Group Corporate Services Pty Ltd
Barkly Place Holdings Pty Ltd
Gladstone Street Holdings Pty Ltd
Hawthorn Pine Street Holdings Pty Ltd
Marquise Holdings Pty Ltd
Milton Street Holdings Pty Ltd
Grantham Street Investments Pty Ltd
Cruickshank Street Holdings Pty Ltd.

Mr. Kaye also agreed that seven other companies under his
control provide security to Messrs Keith and Hewitt (also of
Grant Thornton), enabling them to lodge caveats against the
properties owned by those companies. Mr. Kaye has transferred
the shares in those companies to Messrs Keith and Hewitt. The
companies are:

Togo Investments Pty Ltd
Vilacon Corporation Pty Ltd
Oasis Investments Pty Ltd
Consolidated Property Ventures Pty Ltd
Brunswick Property Venture Pty Ltd
Burke Road Underwriter Pty Ltd
Investmentsource Design Pty Ltd

Mr. Kaye also undertook to the Court that before December 31,
2004 he will:

not leave Australia without providing 14 days notice to
ASIC and Messrs Keith and Hewitt; and, not transfer any
assets out of Australia.

The Court declined ASIC's application that Mr. Kaye's passport
remain with the Court. Instead, the Court ordered that Mr Kaye's
passport not be released for 14 days to allow ASIC or the
liquidators to consider making a further application.

ASIC's investigation is continuing.


QANTAS AIRWAYS: To Acquire Five More 737-800s by End of 2005
------------------------------------------------------------
Qantas Airways plans to add five more two-class Boeing 737-800s
for its domestic operations, bringing the airline's 737-800
fleet to 33 by the end of 2005, The Age reports.

"The acquisition of these five aircraft continues our strategy
of growing the two-class Boeing 737-800 Qantas domestic fleet,"
Qantas chief executive Geoff Dixon said.

"These new 737-800s are more fuel efficient and cost effective
than the 737-300s we are in the process of retiring from the
fleet. As well, they offer more spacious cabins," Mr. Dixon
said. "By building this large fleet of modern 737-800s, we are
offering our customers a better product as well as improving
aircraft utilization, reliability and on-time performance."

The airline has included the new aircraft acquisition in the
company's recent $6.7 billion capital expenditure forecast for
three years to June 2006.

Qantas announced recently an additional number of routes
including Sydney-Broome, Perth-Cairns, Perth-Canberra and
Melbourne-Ayers Rock.


SANTOS LIMITED: Completes First Condensate Shipment
---------------------------------------------------
Santos Limited posted in their company website on Wednesday, 31
March another significant achievement in the development of the
US$1.8 billion liquids phase of the Bayu-Undan project in the
Timor Sea.

The project operator, ConocoPhillips, has advised that the first
shipment of 340,000 barrels (gross) of condensate destined for
the Asian market from the Bayu-Undan development project was
completed on March 30, 2004.

The commencement of condensate cargo shipments will be followed
next month (April) by the start of gas re-injection, in line
with the project schedule.

The first LPG cargo is scheduled for shipment in late May.

"Bayu-Undan is of great significance to Santos and, as our first
entry into the international LNG market, will, at its peak, add
over 6 million barrels to our annual production," said Santos
Managing Director, Mr John Ellice-Flint.

"It is therefore exciting and most pleasing that the various
stages of this complex, world-scale development continue to come
in on schedule,"he said.

The US$1.8 billion gas recycle (liquids) stage of the US$3.3
billion Bayu-Undan project involves the stripping of natural gas
liquids (condensate and LPG) from the field's gas stream and re-
injecting the residual gas.

The residual gas from the liquids project is reinjected into the
gas reservoir via dedicated wells for future use in the second
stage LNG development.

The LNG project is expected to commence production in the first
quarter of 2006 and involves the transportation of residual dry
gas via a sub-sea pipeline to Wickham Point, Darwin in the
Northern Territory for processing into LNG for export to Japan.
The LNG project is estimated to cost around US$1.5 billion.

Santos, with a 10.6 per cent interest, is the only Australian-
owned company involved in this world-class project which is
located about 250 kilometers off the southern coast of Timor-
Leste and 500 kilometers offshore from Darwin in Australia. The
field contains estimated recoverable hydrocarbons of 400 million
barrels of petroleum (liquefied petroleum gas and condensate)
and 3.4 trillion cubic feet of natural gas.

Interests in the total Bayu-Undan project are:

ConocoPhillips (Operator)     56.72%
ENI                           12.04%
Santos Group                  10.64%
INPEX                         10.52%
Tokyo Electric Power
Company, Incorporated/
Tokyo Gas Co., Ltd.           10.08%


SANTOS LIMITED: Enters Alliance with BP Singapore
-------------------------------------------------
Santos Limited announced in their company website on Wednesday,
31 March that it has entered into a non-binding Heads of
Agreement with BP Singapore Pte Limited to market Santos' crude
oil and natural gas liquids (naphtha and export LPG).

Santos will now work to negotiate and conclude a Marketing
Services Agreement with BP.

Marketing of crude oil and natural gas liquids has become more
global, where scale, market coverage and flexibility are vital.
The BP alliance allows Santos to tap into worldwide networks and
global markets through a marketing major like BP.

Santos had previously either directly marketed or had a
management role in the marketing of its crude oil and natural
gas liquids.  The new marketing arrangements are in response to
the significantly higher volumes of crude oil that Santos will
receive from the Mutineer-Exeter project, due to come on-stream
in 2005, and the increasing globalization of the marketplace.

"This groundbreaking strategic alliance allows Santos to access
markets in an innovative way while delivering significant
productivity improvements and cost efficiencies," said Mr. John
Ellice-Flint, Santos' Managing Director.

"This will be a great advantage for Santos when the Mutineer-
Exeter oil field comes on-line in mid 2005, increasing Santos'
total oil and liquids production by over 40 per cent."

"Santos is delighted to be working with such a well respected
and highly experienced company as BP.  We hope this is the
beginning of a long and fruitful relationship," said Mr. Ellice-
Flint.

BP has a major presence in significant trading markets such as
Australia, Singapore, Japan, China, UK, USA and the Middle East.

BP also has significant downstream assets in Asia, including two
refineries in Australia.  Access to refineries is particularly
important when introducing new crudes, such as Mutineer-Exeter.

Santos' Port Bonython operations will continue as normal,
processing all of Santos' Cooper Basin liquids.


SANTOS LIMITED: Expects More Projects Approved in 2004
------------------------------------------------------
Santos Limited has entered 2004 - the year marking the Company's
50th anniversary - with six company-building projects located in
South East Asia, the Timor Gap and offshore Western Australia
and Victoria, Managing Director, Mr. John Ellice-Flint, says in
the latest Annual Report.

"Three of these have been approved and are under development. We
expect approvals on the remaining three projects during 2004,"
Mr. Ellice-Flint says in the Report lodged today with the ASX.

"This is a dramatic change from two projects in the development
pipeline in 2001 and, significantly, the new projects we now
have underway will make strong contributions to our annual
production profile by 2006."

Mr. Ellice-Flint says Santos is working towards approval of
three significant new growth projects over the next few months,
namely development of the:

 John Brookes gas field offshore Western Australia,
 Casino gas field offshore Victoria, and
 Oyong/Maleo gas fields offshore East Java.

"Our focus over the past three years has been on developing and
delivering on a strategy of transforming Santos into a truly
international exploration and production company with world
class operations," he says.

"To deliver growth in the future, Santos plans to invest $784
million on all activities in 2004.

"An exciting exploration program and an expanded suite of new
development projects will result in the Company investing $134
million in wildcat exploration, $82 million on delineation and
appraisal, $490 million on development activities and $78
million on construction and fixed assets.

"We are intent on developing Santos into a growth company and we
are accelerating the pace of change as we drive the Company to
capture more opportunities that deliver growth - and value for
all our stakeholders."

Dividend

In his review, Santos Chairman, Mr. Stephen Gerlach, says the
Company's strong cash flow and low gearing enabled the Board to
maintain a 30 cents per share annual dividend for the past year.

"This represents a fully franked yield of almost 5 percent," Mr.
Gerlach says in the report.

"Directors decide the level of dividends twice yearly, based on
Santos' performance and prospects. These decisions are not based
on a single metric, such as annual pay-out ratio, and take into
account all relevant factors including future capital investment
requirements.

"Current indications are that Santos will be able to fund its
capital program and maintain its current level of dividend
payments over the foreseeable future.

"This is subject to matters outside the Company's control, such
as oil prices and exchange rates.

Further Expansion Beyond Australia

Mr. Ellice-Flint says the successful first stage of the Santos
"change" strategy was particularly focused on the Australian
operations.

"The second stage will occur from 2004 to 2006 and will come
from a suite of projects that will drive medium-term production
and earnings growth," he says.

"During 2003 two such critical projects were approved for
development: the Bayu-Undan LNG development in the Timor Gap and
the Mutineer-Exeter oil development off the WA coast.

"This stage will also see Santos focusing on building its
position in SE Asia and North America through a combination of
acreage expansion and, where appropriate, value-adding
acquisitions.

"Both are regions with substantial energy demand and are core to
our growth strategy."

Mr. Ellice-Flint says the third stage of Santos' transformation
- looking five to 10 years ahead - would see the Company expand
into a number of regions beyond Australia.

These included new ventures in regions such as the Middle East
and North Africa; all part of the ongoing plan to build a
portfolio of assets that can provide long-term growth.

"The Middle East and North Africa areas have large proven and
prospective hydrocarbon potential," the annual report says.

"The selected areas have a natural fit with Santos' existing
skills, including operating in desert environments and the
management of complex reservoir systems," the report says.


==============================
C H I N A  &  H O N G  K O N G
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BERJAYA HOLDINGS: Issues Share Price Notice
-------------------------------------------
This statement is made at the request of The Stock Exchange of
Hong Kong Limited.

In a disclosure to the Stock Exchange of Hong Kong Limited,
Berjaya Holdings (HK) Limited has noted the recent decreases in
the price of the shares of the Company and wishes to state that
it is not aware of any reasons for such decreases.

The Company also confirm that there are no negotiations or
agreements relating to intended acquisitions or realizations
which are discloseable under paragraph 3 of the Listing
Agreement, neither is the Board aware of any matter discloseable
under the general obligation imposed by paragraph 2 of the
Listing Agreement, which is or may be of a price-sensitive
nature.

Made by the order of the Board of Berjaya Holdings (HK) Limited
the directors of which individually and jointly accept
responsibility for the accuracy of this statement.

By order of the Board
Tan Ee Ling
Executive Director
30 March 2004


BONBON LIMITED: Court Sets Date for Hearing of Petition
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of the
Bonbon Limited by the High Court of Hong Kong was on 5 March,
2004 presented to the said Court by Chan Yuk King of Room 2315,
23/F., Yat Yuet House, Choi Wan Estate, Kowloon, Hong Kong.  The
Petition is directed to be heard before the Court at 10 a.m. on
28 April 2004. Any creditor or contributory of the said company
desirous to support or oppose the making of an order on the said
petition may appear at the time of hearing by himself or his
counsel for that purpose; and a copy of the petition will be
furnished to any creditor or contributory of the said company
requiring the same by the undersigned on payment of the
regulated charge for the same.

Ms. Ada Chau Ming Wai
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon on the 27 April 2004.


CIL HOLDINGS: Delays Submission of 2003 Results
-----------------------------------------------
Due to further delay in publication of the final audited results
of CIL Holdings Limited for the year ended 30 June 2003, which
will be released on 31 March 2004, announcement of the Interim
results of the group for the six months ended 31 December 2003
will be postponed to a date on or before 30 April 2004 and the
interim report will be dispatched to the shareholders
approximately three weeks thereafter.

In a disclosure to the Stock Exchange of Hong Kong Limited, the
delay constitutes a breach of paragraphs 10(1) and 11(6) of the
Listing Agreement. In this regard, the Stock Exchange reserves
its right to take appropriate action against the Company and/or
its Directors. The Company also notes the recent increase in the
price and increase in the trading volume of the shares of the
Company and wish to state that the Board of Directors are not
aware of any reasons for such movements.

The shareholders of the Company and investors are reminded to
exercise caution when dealing in the shares of the Company.

By Order of the Board
CIL Holdings Limited
Ke Jun Xiang
Chairman
Hong Kong, 30 March 2004


EAST NOBLE: Court Sets Date for Hearing of Petition
---------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
East Noble Drayage Limited by the High Court of Hong Kong was on
5 March 2004 presented to the said Court by Ip Hip Dat of Flat
1309, Hong Chung House, Mei Chung Court, Mei Tin Road, Tai Wai,
New Territories, Hong Kong.  The Petition will be heard before
the Court at 10 a.m. on 28 April 2004. Any creditor or
contributory of the said company desirous to support or oppose
the making of an order on the said petition may appear at the
time of hearing by himself or his counsel for that purpose; and
a copy of the petition will be furnished to any creditor or
contributory of the said company requiring the same by the
undersigned on payment of the regulated charge for the same.

Ms. Ada Chau Ming Wai
For Director of Legal Aid
34/F, Hopewell Centre
183 Queen's Road East,
Wanchai, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon on the 27 April 2004.


EURO-ASIA: Liquidator Rejects Resumption Proposal
-------------------------------------------------
Reference is made to the announcement of the Stock Exchange of
Hong Kong Limited dated 31 October 2003 and the announcements of
Euro-Asia Agricultural (Holdings) Company Limited (Provisional
Liquidators Appointed) dated 18 November 2003, 9 January 2004
and 9 February 2004.

As stated in the Announcements, the Provisional Liquidators to
the Stock Exchange submitted a resumption proposal in relation
to the Company on 24 December 2003 for its review.

In the Stock Exchange Announcement, the Stock Exchange stated
that:

(1) A valid resumption proposal most importantly will
need to demonstrate the Company's compliance with the
Listing Rules and all applicable laws and regulations in
the PRC, Hong Kong and the Company's place of
incorporation (the Additional Condition); and

(2) The proposal, if it were implemented, would enable
the Company to demonstrate that it is in compliance with
Paragraph 38 of the Listing Agreement.

The Additional Condition was imposed by the Stock Exchange
pursuant to the rights reserved under Rule 6.04 of the Listing
Rules.

According to the Stock Exchange, the Additional Condition would
include, but not be limited to, the Company satisfactorily
addressing certain allegations made in the press (the
Allegations) in relation to the accuracy of information
contained in the prospectus of the Company dated 9 July 2001
which include alleged

  i) Falsification of Company's accounts during the track
record period;

  ii) Incorrect disclosure relating to aggregate area of
the Company's computerized greenhouses and the total
income generated from the greenhouses; and

  iii) Illegal land use.

The Stock Exchange is of the view that all of the above
Allegations would potentially have a material impact on the
Company's suitability to be listed on the Stock Exchange and has
raised the question about whether the Company obtained its
listing by deception. The Stock Exchange also considered that
disclosure regarding the Allegations would assist the investing
public in understanding the sequence of events resulting in the
demise of the Company and the steps taken to seek redress for
the Company and its stakeholders.

The Provisional Liquidators are of the view that many of the
difficulties in getting information on the Company and its
subsidiaries (together, the Group) have to-date proved
insurmountable (because the books and records of the major
operating entities of the Group are in the People's Republic of
China and the Provisional Liquidators have not been able to gain
access to such books and records) and placed constraints on the
investigation conducted by the Provisional Liquidators with the
consequence that the results of the investigation are
disappointing and thus led to the Company's inability to satisfy
the Stock Exchange in relation to the Additional Condition.
In view of the above, the Listing Division of the Stock Exchange
considered that the Company has yet to demonstrate to the
satisfaction of the Stock Exchange that it can fulfill the
Additional Condition imposed and that for the Resumption
Proposal to proceed, a waiver would be required to exempt the
Company from demonstrating its compliance with the Additional
Condition. After considering the circumstances of the Company,
the Listing Division of the Stock Exchange would not recommend
granting such waiver.

Accordingly, on 16 March 2004, the Listing Division of the Stock
Exchange rejected the Resumption Proposal on the basis that it
is not a viable resumption proposal.

The potential investor referred to in the Resumption Proposal
has informed the Provisional Liquidators in writing on 25 March
2004 that it had decided not to proceed further with the
Resumption Proposal. The Provisional Liquidators accordingly
decided not to request for a review of the decision of the
Listing Division of the Stock Exchange to reject the Resumption
Proposal.

The Provisional Liquidators are currently reviewing and
assessing other options available in order to protect the
interest of the investing public including the minority
shareholders and the creditors of the Company. The Company will
inform the public of any further development by making a further
announcement in due course.

In the case that any resumption proposal approved by the Stock
Exchange would result in a change in control of the Company, the
Company and the respective potential investor would be required
to fully comply with the requirements of the Hong Kong Code on
Takeovers and Mergers.

For a copy of the announcement, go to
http://bankrupt.com/misc/tcrap_euroasia0401.pdf


EURO-ASIA: Adjourns Winding up Hearing
--------------------------------------
As stated in the announcement of Euro-Asia Agricultural
(Holdings) Company Limited dated 5 January 2004, the resumed
hearing on 29 December 2003 of the petition for winding-up the
Company (the Petition) was adjourned to 29 March 2004 and on
that day the High Court of the Hong Kong SAR ordered that the
resumed hearing of the Petition be further adjourned to 10 May
2004 for the Provisional Liquidators to continue pursuing the
identification, preservation and realization of the assets of
the Company.

In a disclosure to the Stock Exchange of Hong Kong Limited, a
further announcement will be made after the resumed hearing.

For and on behalf of
Euro-Asia Agricultural (Holdings) Company Limited
(Provisional Liquidators Appointed)
Derek Lai
Joint and Several Provisional Liquidator
Hong Kong, 30 March 2004


KINSENSE LIMITED: Hearing Date For Petition Scheduled
-----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Kinsense Limited by the High Court of Hong Kong was on 11
February 2004 presented to the said Court 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. The
Petition will be heard before the Court at 9:30 a.m. on 21 April
2004. Any creditor or contributory of the said company desirous
to support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose; and a copy of the petition will be furnished to
any creditor or contributory of the said company requiring the
same by the undersigned on payment of the regulated charge for
the same.

Kao, Lee & Yip
Solicitors for the Petitioner,
17th Floor, Gloucester Tower
The Landmark, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon on the 20 April 2004.


PURE CITY: Court Schedules Petition Hearing
-------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
Pure City Development by the High Court of Hong Kong was on 18
February 2004 presented to the said court by the Bank of China
(Hong Kong) Limited of 14th Floor, Bank of China Tower, No. 1
Garden Road, Central, Hong Kong. The Petition will be heard
before the Court at 9:30 a.m. on 21 April 2004. Any creditor or
contributory of the said company desirous to support or oppose
the making of an order on the said petition may appear at the
time of hearing by himself or his counsel for that purpose; and
a copy of the petition will be furnished to any creditor or
contributory of the said company requiring the same by the
undersigned on payment of the regulated charge for the same.

Or, Ng & Chan
Solicitors for the Petitioner,
15th Floor, The Bank of East Asia Building
10 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of 20 April 2004.


SILVER DRAGON: Settles Debt Payments to Creditors
-------------------------------------------------
China Silver Dragon Group Limited refers to a Winding Up
Petition presented by Petitioner Jade Electronics Company
Limited against the Company. The Company has settled the
principal and interests owed to the Creditors and the legal
costs in full. Upon the said payment, the Creditors were no
longer creditors to whom the Company was indebted and the
Petitioner did not proceed to have the Winding-up Order sealed
or perfected.

As of March 25, 2004, the Company was indebted to the Creditors
in an aggregate sum of HK$4,510,963.47, of which HK$3,981,295.53
was the principal amount outstanding and HK$529,667.94 was
accrued interest. Such liabilities were arisen from the supply
of electronic components by the Creditors to two subsidiaries of
the Company from January to October 2002, and for which Mr. Tong
Yiu Lun (Mr. Tong), the ex-Chairman and ex-Director of the
Company, on behalf of the Company, gave guarantee to the
Creditors after completion of the transactions on 22 November
2002. The existing management of the Company had no knowledge of
the said guarantee until application by the Petitioner to
substitute Dah Sing Bank, Limited in May 2003 as a petitioner
for the winding up petition of the Company.

Based on the representations and affirmations from Mr. Tong who
alleged that the guarantee was a conditional guarantee and which
conditions were not fulfilled and after consultation with the
Company's legal advisers, the existing management of the Company
believed that the guarantee is invalid and the Company has no
obligations for the repayment. Thus, the Company proceeded to
defense against the claims.

At the request of the Company, trading of Silver Dragon Shares
on the Stock Exchange of Hong Kong Limited was suspended with
effect from 9:30 a.m. on Thursday, 25 March 2004 pending the
issue of this announcement.

An application has been made to the Stock Exchange for
resumption in trading in the Shares on the Exchange on 31 March
2004.

By Order of the Board
China Silver Dragon Group Limited
Duan Chuan Liang
Executive Director
Hong Kong, March 30, 2004

For more information, go to
http://bankrupt.com/misc/tcrap_silverdragon0401.pdf


SLB INTERNATIONAL: Schedules Winding up Hearing
-----------------------------------------------
Notice is hereby given that a Petition for the Winding Up of SLB
International (China) Limited by the High Court of Hong Kong was
on 3 March 2004 presented to the said Court by Low Siu Hua of
371 Beach Road, #03-15 Keypoint, Singapore 199597. The Petition
will be heard before the Court at 10 a.m. on 28 April 2004. Any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose; and a copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

Messrs. Dominic Y.K. Lai & Co.
Solicitors for the Petitioner,
Unit B, 24th Floor
Chekiang First Bank Building
60 Gloucester Road, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon on the 27 April 2004.


TAI WAI: SFC Prosecutes Director Tim Spencer
--------------------------------------------
The Securities and Futures Commission (SFC) has successfully
prosecuted Mr. Lam Kwong Tim Spencer, the sole dealing director
of Tai Wai Securities Limited, which was ordered to be wound up
by the High Court last October, for failing to notify the SFC of
Tai Wah's liquid capital deficiencies.

Lam today pleaded guilty to one summons before Mr. Anthony Yuen,
the magistrate at Eastern Magistracy, for breaches of section
65C and section 147 of the Securities Ordinance. He was fined
$7,000 and ordered to pay the SFC investigation costs of
$18,660.

The SFC investigation revealed that Tai Wah had conducted
substantial proprietary trades in one stock via an outsider
broker since early March 2003, with an average holding value
exceeding $3 million. As its excess liquid capital never
exceeded $1 million and with deductions for haircut and
concentration calculation regarding its house position in the
said stock, Tai Wah failed to comply with the $3 million minimum
liquid capital requirement under the Financial Resources Rules
during 25 March to 28 March 2003. No notification under section
65C was ever filed by Tai Wah regarding the failure.


WONSON INVESTMENTS: Hearing for Winding Up Petition Set
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
Wonson Investments Limited by the High Court of Hong Kong was on
2 March 2004 presented to the said Court by Nanyang Commercial
Bank, Limited whose registered office is situated at 151 Des
Voeux Road Central, Hong Kong. The said Petition will be heard
before the Court at 9:30 a.m. on 5 May 2004. Any creditor or
contributory of the said company desirous to support or oppose
the making of an order on the said petition may appear at the
time of hearing by himself or his counsel for that purpose; and
a copy of the petition will be furnished to any creditor or
contributory of the said company requiring the same by the
undersigned on payment of the regulated charge for the same.

Gallant Y.T. Ho & Co.
Solicitors for the Petitioner,
4th Floor, Jardine House
No. 1 Connaught Place, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of 4 May 2004.


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


ASTRA INTERNATIONAL: Net Profit Increases by 21.6 Percent
---------------------------------------------------------
Astra International a publicly listed company announced a 21.6
percent increase in the audited net profit on Tuesday, due
primarily to gains from the sale of key assets, and greater
sales pushed by stronger consumer spending, The Jakarta Post
reports. Net profit reached a level of Rp4.4 trillion (about
US$518 million), compared to the previous year's Rp3.6 trillion.

"It is a record for Astra to achieve a net income of Rp4.4
trillion," Astra president Budi Setiadharma said in the
statement.

In 2003 Astra sold a 46 percent stake in PT Toyota Astra Motor
(TAM) to Japanese partner Toyota Motor Corp., however Astra
still owns a 5 percent stake in the company.  But Astra retains
a majority 51 percent stake in another joint venture
distributing Toyota cars.  Astra gained around Rp1.8 trillion
from the sale.

On Tuesday Astra made an early debt payment of $80 million,
which further reduces its debt.  The company's large overseas
debts causes delay in its spending for investments.  Since last
year Astra has been trying to reduce their overseas debts, the
company said in a statement.

The company said it had benefited from increasing stability in
the country's macroeconomic condition, which had boosted
consumer spending in the country.


BANK NEGARA: Targets a Net Profit of Rp3T in 2004
-------------------------------------------------
Bank Negara Indonesia reported a plunge in net profit of Rp420
billion (US$49.4 million) in 2003 compared to Rp2.51 trillion in
2002, an 83 percent drop after the mid 2003 loan scandal, The
Jakarta Post reports.

The bank's president Sigit Pramono said they have set aside
Rp1.3 trillion to cover any losses, which covers 65 percent of
the Rp2 trillion the bank spent to cover other losses last year.

Mr. Sigit also attributed the decline in profit on the bank's
move to set aside around Rp420 billion to cover losses after it
underwent quasi-reorganization.

As part of its countermeasures to improve loan performance, the
bank plans to launch a loan-channeling program.  Mr. Sigit said
the bank has decided to expand new lending rate to Rp16 trillion
this year, or 86 percent higher than in 2002.

Of the new lending, 43 percent, or Rp6.9 trillion, would be
channeled to the corporate sector; 37 percent, or Rp6 trillion,
to small- and medium-scale enterprises; and the remaining 20
percent, or Rp3.1 trillion, to the consumer sector.

The publicly listed bank plans to sell more of its shares to the
public via a secondary public offering scheme, and will consist
of both new shares and existing ones held by the government as
the controller of the bank. The offering is slated to take place
in August or September this year.

The bank targets a net profit of Rp3 trillion this year.


TELEKOMUNIKASI INDONESIA: Local Call Rates to Rise by 28 Percent
----------------------------------------------------------------
State-owned telecommunications firms, PT Telekomunikasi
Indonesia (Telkom) along with PT Indonesia Satellite Corporation
(Indosat) has been granted by the government leave to raise
local telephone rates by up to 28 percent on condition that
long-distance call fees should be lowered by at least 10
percent, The Jakarta Post reports.

As to the announcement on the effectivity of the new rates, both
companies refused to disclose details on when the new rates
would be introduced for both companies still has to discuss the
matter further with the government and the Indonesian
Telecommunications Regulatory Board (BRTI).

According to Minister of Communications Agum Gumelar, the
planned increase in telephone rates is a result of the BRTI's
calculations that telephone operators may have rebalancing rates
of 9 percent in 2004. Rebalancing is a form of synchronization
between rates for local and long-distance calls.

"In order to promote healthy competition between operators, we
need to eliminate the cross-subsidy from long-distance calls to
local ones. That can be done by rebalancing the tariffs," Mr.
Agum said on Tuesday.

Upon implementation of the new call rates, local calls will be
charged Rp168 per minute compared to the previous rate before
the increase which is Rp132 (1.6 US cents) per minute.


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


ALL NIPPON: Trimming Base Pay by 5 Percent Overall
--------------------------------------------------
All Nippon Airways Co. will reduce the base pay of all employees
by 5 percent effective April 1, the start of a new financial
year, AFX Asia reported on Wednesday. The report said ANA's two
labor unions on Tuesday agreed to the pay cut proposal presented
last October.

The reduction will enable ANA to slash its payroll by 5-6
billion yen annually, part of an effort to reduce personnel
costs by 20 billion yen by fiscal 2007.

ANA incurred net losses of 37.7 billion yen over the two years
to March 2003. In the first nine months of the current financial
year, it posted a net profit of 27.5 billion yen due to sweeping
cost cutting.

For the full year ending March 31, ANA has forecast a net profit
of 17.5 billion yen on revenue of 1.22 trillion yen.


ALL NIPPON: Expands E-Ticket Availability On China Routes
---------------------------------------------------------
All Nippon Airways Co. (ANA) will offer passengers the
convenience of using e-tickets for travel between Japan and each
of its eight destinations in China from April 1, a Company
statement said.

E-tickets have been available on ANA flights to Beijing,
Shanghai and Hong Kong since February 2002. The expanded service
will include Dalian, Xiamen, Shenyang, Qingdao and Hangzhou,
giving ANA a larger number of destinations in China on which e-
tickets are available than any foreign airline.

It also means that e-tickets will be available to all ANA Group
domestic and international destinations, with the exception of
flights to Vietnam and Taiwan, and charter flights from Tokyo
(Haneda) to Seoul (Gimpo)*.

"In passenger surveys, e-tickets have proven to be one of the
most popular and demanded services of airlines," said Shinichiro
Ito, ANA's V.P. Marketing. "Offering a smoother and more
convenient way to buy and fly, passengers no longer need to
worry about losing their paper tickets, their travel data is
available throughout the trip, and they need no more than some
form of personal identification when they check-in."

E-tickets also can be used at the automatic check-in machines in
Narita Airport, which were introduced earlier this month,
further enhancing customer choice and convenience. At present
these machines have instructions in English and Japanese, and
from July will also provide them in Chinese and Korean
languages. The combination of e-tickets and automatic check-in
means reduced queuing time for passengers, and allows them to
select their own seats, check-in up to six people at once,
register mileage points and check-in for connecting flights on
partner airlines.

*e-tickets cannot be used on flights operated by code-share
partners nor on domestic connecting flights within China


ASANO ENGINEERING: Resona OKs Liquidation Proposal
--------------------------------------------------
Resona Bank Ltd. (President: Masaaki Nomura), in a press
release, gave consent to a private liquidation proposed by one
of its customers, Asano Engineering Co., Limited.

1. Outline of the Company

(1) Corporate name Asano Engineering Co., Ltd.
(2) Address 9-11, Nihonbashihoncho 4-chome, Chuo-ku, Tokyo
(3) Representative Osamu Asai
(4) Amount of capital 1,332 million yen
(5) Line of business General Construction Business

2. Fact Arisen to the Company

Resona Bank gave consent to a private liquidation proposed by
the Company.

3. Amount of Claims to the Company

Exposure of Resona Bank Loans: 2 billion yen
Other banking subsidiaries of Resona HD, Saitama Resona Bank,
Kinki Osaka Bank and Nara Bank have no claims to the Company.

4. Impact of These Developments on the Forecasted Earnings of
Resona HD

Resona Bank will dispose of the aforementioned claims to the
Company in the current fiscal year. However, the previous
earnings forecasts of Resona HD for the fiscal year ending March
31, 2004, which were announced on November 25, 2003, remain the
same.


ASHIKAGA FINANCIAL: Court Grants Rehab Request
----------------------------------------------
The Tokyo District Court has approved the start of
reconstruction procedures for Ashikaga Financial Group Inc.
under the Corporate Rehabilitation Law, Kyodo News reports. The
court named lawyer Tadashi Shimizu a bankruptcy administrator
for the financial holding firm.


DAIEI INC.: To Replace Third of Its Board In May
------------------------------------------------
Daiei Inc. will replace about a third of its 16 board members at
a shareholders meeting to be held in May, Bloomberg News
reports. The plan is part of an effort to improve earnings.

The current business year, which began in March, is the final
year of the company's restructuring plan. Daiei plans to hire
new executives from the trade ministry.

The retailer is in the process of cutting debt accumulated
during years of failed expansion plans. In February, UFJ
Holdings Inc. and five other lenders agreed to waive 23 billion
yen ($218 million) of debt owed by its Fukuoka stadium complex.


DYNAM COMPANY: R&I Affirms Ratings
----------------------------------
Rating and Investment Information, Inc. (R&I) has affirmed the
following ratings of Dynam Company Limited:

Senior Long-term Credit Rating

R&I RATING: BBB (Affirmed)
Long-term Bonds (3 series)

R&I RATING: BBB- (Affirmed)
Domestic Commercial Paper Program
ISSUE LIMIT: Yen 10,000 million (raised from Yen 7,000 million)

R&I RATING: a-2 (Affirmed)

RATIONALE:

Dynam Co., Ltd. is one of Japan's major pachinko hall operators.
As of the end of the September 2003 interim term, Dynam was
operating 170 halls across Japan. A characteristic of the
company is its promotion of business operations utilizing modern
management methods that include the establishment of low cost
management based on the standardization of their pachinko halls
and human resource training systems. While there are no changes
to this fundamental strength, Dynam's ability to attract
customers has declined considerably compared to what it was in
the past due to the continuing contraction of the market and the
intensifying competition among major pachinko halls.

Outcomes from operational strategies are gradually becoming
evident but because of the company's failure to achieve its
profit plans, R&I foresees an increase in interest bearing debt
and a resulting deterioration in the balance of interest bearing
debt with the cash flow. For the year ending March 2005, Dynam
is considering slowing down the pace of opening new outlets and
R&I will pay attention whether or not reconstruction of the
operational base is proceeding satisfactorily or not.

In addition to the high level of business risk due to the fact
that trends in the ability to attract customers are easily
affected by external factors, R&I has also reflected in its
rating business risk particular to the pachinko industry,
including the unresolved issue of converting winnings to cash.

Taking into consideration factors such as cash on hand and the
setting of a commitment line, R&I believes that there is
adequate alternative liquidity for the 10 billion yen limit for
this Commercial Paper Program. At the same time, the company has
increased the ratio of unsecured funds in its fundraising, but
the ratio of convertible assets to liabilities is small and
secured debt exceeds unsecured debt. Therefore, the bonds here
reflect a one-notch recovery risk.


HANKYU CORPORATION: Railway Operator to Reorganize Operations
-------------------------------------------------------------
Railway operator Hankyu Corporation will reorganize its
operations under a holding company on April 1, 2005, according
to Kyodo News. The move aims to strengthen its competitiveness
and to enhance the group's operational efficiency.


KANEBO LIMITED: Shareholders OK Revival Plan
--------------------------------------------
Kanebo Ltd. shareholders approved a revival plan Tuesday to spin
off the firm's mainstay cosmetics business with the help of the
state-backed corporate revival entity, the Industrial
Revitalization Corp of Japan, Kyodo News reports.

Kanebo will receive 380 billion yen from the sale and use the
bulk of the proceeds to pare down its debts, which exceed 500
billion yen. The IRCJ will also assist Kanebo's remaining
businesses, including a loss-making fabrics division.


KAWAI MUSICAL: Sees 2003 JPY7B Net Loss
---------------------------------------
Kawai Musical Instruments Manufacturing Co. expects a group net
loss of 7 billion yen for the fiscal year ending March 31
against an earlier projected profit of 400 million yen due to
provisions for restructuring measures.

According to Kyodo News, the musical instruments maker has been
struggling amid sagging demand for pianos in Japan. The Company
said it would book special losses of 7.7 billion yen on a
consolidated basis for the current business year.


K.K. FOREKKUSU: Agency Files for Bankruptcy
-------------------------------------------
K.K. Forekkusu Japan has filed for bankruptcy, according to
Teikoku Databank America. The exchange transaction agency, which
is located at Naha-shi, Okinawa Japan, has total liabilities of
US$125 million.


K.K. UMESEN: Real Estate Leasing Firm Files for Bankruptcy
----------------------------------------------------------
K.K. Umesen has filed for bankruptcy, according to Teikoku
Databank America. The real estate leasing firm, which is located
at Osaka-shi, Osaka, Japan, has total liabilities of US$103.33
million.


K.K. YUGASHIMA: Golf Course Files For Bankruptcy
------------------------------------------------
K.K. Yugashima Kogen Club has been declared bankrupt, according
to Teikoku Databank America. The golf course, which is located
at Chiyoda-ku, Tokyo, Japan, has total liabilities of US$327.57
million.


MITSUBISHI MOTORS: MTFG Seeks up to JPY100B Loan From DBJ
---------------------------------------------------------
The Bank of Tokyo-Mitsubishi (BTM), a Mitsubishi Tokyo Financial
Group bank, has asked the Development Bank of Japan (DBJ) for a
maximum 100 billion yen loan to Mitsubishi Motors Corporation,
AFX Asia reported on Wednesday.

BTM said the capital infusion alone is not enough to
rehabilitate the automaker, as the restructuring cost will total
more than 400 billion yen, far larger than the original
restructuring plan of 200 billion yen in capital injection.

Over the weekend, local media reported that Mitsubishi Motors
and its largest shareholder, DaimlerChrysler AG, have been
working on a revised restructuring plan that will increase the
planned capital infusion to over 300 billion yen from 200
billion as originally planned.


MITSUBISHI MOTORS: Denies Closure of Australian Facilities
----------------------------------------------------------
Mitsubishi Motors Corporation rejected a report from the Asahi
Shimbun Daily that it is considering terminating production in
Australia as part of its restructuring efforts, AFX Asia
reports.

"It was based on pure speculation. There is no such a thing," a
spokesman for Mitsubishi said.

Mitsubishi Motors is slated to announce a major restructuring
plan on April 30.


OHKI CORPORATION: Construction Firm Goes Under
----------------------------------------------
Midsize construction firm Ohki Corporation became officially
bankrupt Tuesday, 30 March by filing for protection from
creditors with the Tokyo District Court, Kyodo News reports. The
Tokyo-based builder invoked the fast-track Civil Rehabilitation
Law with 76.7 billion yen in liabilities.

COMPANY PROFILE

1. General

Name of Company:   OHKI CORPORATION

Established;  25 October 1945

Name of President:   Yoshikatsu Nozawa

Paid-up Capital:   Yen 6,470,890,642

Head Office:   23-2, Kanda-Sudacho 1-chome, Chiyoda-ku,
Tokyo 101-8551, Japan

Branch Offices:   Tokyo, Yokohama, Osaka, Nagoya, Tohoku,
Sapporo and Kyushu

Representative Office:  Jakarta, Hanoi

Number of Employees:  1,104

2. Line of Business

i) To carry on the business of construction relating to civil
and building works;

ii) To carry on the business of designing and construction
management;

iii) To carry on the trade or lease of real estate;

Any other trade or business of all kinds relating or incidental
to any of the above;

3. Bank References

The Fuji Bank Ltd.
  The Yasuda Trust and Banking Co., Ltd.
  The Asahi Bank Ltd.
  The Industrial Bank of Japan Ltd.
  The 77th Bank Ltd.

4. Associated Company

  Ohki Reform Co., Ltd.
  Ohki Kosan Co., Ltd.
  Ohki Shoko Co., Ltd.
  O & M Green Club Co., Ltd.

5. STOCK

  1st Sect., TOKYO STOCK EXCHANGE
  1st Sect., OSAKA STOCK EXCHANGE


SEISHIN KOHATSU: Telecom Firm Enters Bankruptcy
-----------------------------------------------
Teikoku Databank America announced that Seishin Kohatsu K.K. has
filed for bankruptcy. The golf course, which is located at
Shizuoka-shi, Shizuoka Japan, has total liabilities of US$50.83
million.


TDK CORPORATION: Dissolves Soft Ferrite Core Unit in Malaysia
-------------------------------------------------------------
TDK Corporation announced that at the meeting of the Board of
Directors held on February 18, 2004, it was resolved that
Malaysian subsidiary TDK Softec (M) Sdn. Bhd. will be dissolved.

UK Wire reported that the reasons for the dissolution are
attributable to the decrease in world demand for ferrite cores
for flyback transformers used in cathode-ray tube (CRT) TVs in
line with the spread of Liquid Crystal Display (LCD) TVs, as
well as the decrease in the demand for ferrite cores for power
systems and other products in line with the shift of
manufacturing bases of the Company's business partners to China.

Outline of TDK Softec (M) Sdn. Bhd.

(1) Headquarters:   Selangor Darul Ehsan, Malaysia

(2) Date of incorporation:  October 6, 1988

(3) Paid-in capital:  23,270,000 Malaysian Ringgit (MR)
(Approximately 640 million yen)

(4) Representative:   Akira Morita

(5) Principal business:  Manufacture of ferrite cores for
flyback transformers used in TVs
and ferrite cores for power
systems

(6) Number of employees:  191 (As of 31 January 2004)

(7) Shareholding ratio:  100 Percent owned by the Company

Schedule of dissolution:

March 27, 2004 Termination of manufacture

March 30, 2004 Dissolution of TDK Softec (M) Sdn. Bhd.

Any impact arising from the termination of manufacture and the
dissolution of such subsidiary that might affect the
consolidated and non-consolidated business results of the
Company is negligible and thus the Company's consolidated and
non-consolidated projections will not change.

The Company has taken legal procedures for corporate dissolution
in Malaysia and endeavored to ensure sufficient production
volume in order to fulfill its responsibility to supply
customers. As a result, the information disclosure concerning
the dissolution was delayed.


TENMA PAPER: Paperboard Manufacturer Files for Bankruptcy
---------------------------------------------------------
Tenma Paper Mills Co. has been declared bankrupt, according to
Teikoku Databank America. The paperboard manufacturing firm,
which is located at Fuji-shi, Shizuoka, Japan, has total
liabilities of US$57.02 million.


YAYOI CORPORATION: Plastic Manufacturer Enters Bankruptcy
---------------------------------------------------------
Yayoi Corporation has been declared bankrupt, according to
Teikoku Databank America. The plastic product manufacturing
firm, which is located at Chiyoda-ku, Tokyo, Japan, has total
liabilities of US$38.33 million.

COMPANY PROFILE

Name:    Yayoi Corporation

President:    Mr. Takashi Ochi

Establishment:   26th of February 1960

Capital:    224,950,000

Shareholders:   Mr. Ochi
Sumitomo Corp

Main Banks:   Ashikaga Bank
Tokyo-Mitsubishi Bank
MituiSumitomo Bank,
Kagoshima Bank
Mizuho Bank

Head Office:  Kinbun Bldg.3-24-16
Kanda Nishikicho,Chiyoda-ku
Tokyo,Japan 101-0054
TEL(03)5280-1804

               FAX (03)5280-1967

Kanuma Plant:   799-2 Isocho Kanuma-shi
Tochigi pref.
Japan 322-0536

               TEL (0289)75-2161
FAX(0289)75-4425

Kagoshima Plant:   1427-12 Kiba
Kurino-cho, Aira-gun
Kagoshima pref., Japan 899-6201

               TEL(0995)74-4312
FAX(0995)74-4347

Yoshida Plant:   3498-1 Miyanoura
Yoshida-cho,Kagoshima-gun
                 Kagoshima pref.
Japan 891-1305

TEL(099)294-4370
                 FAX (099)294-4371

Affiliated Companies:  YPC Carrier Tape America,Inc
(TEL)408-467-1995
                 (FAX) 408-467-1999


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


HANARO TELECOM: Unveils March 26 AGM Resolutions
------------------------------------------------
Hanaro Telecom Inc. issued a disclosure on the resolutions of
the shareholders passed at the Company's annual general meeting,
filed with the Financial Supervisory Commission of Korea and
Korea Securities Dealers Association Automated Quotation Market
(KOSDAQ) on March 26, 2004.

RESOLUTIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

1. Approval of financial statements for the fiscal year 2003

   i) Total assets: KRW 3,381,922 million

  ii) Total liabilities: KRW 1,623,567 million

iii)- Paid-in-Capital: KRW 2,310,675 million

  iv) Total shareholders' equity: KRW 1,758,355 million

   v) Revenue: KRW 1,375,335 million

  vi) Loss before income taxes: - KRW 165,335 million

vii) Net loss: - KRW 165,335 million

viii) Loss per share: - KRW 515

  ix) Opinion of external auditor: As per audit report.

2. Dividends

i) Dividend payment per share: none

ii) Total dividend amount: none

3. Directors

   i) Re-appointment of existing directors (1 person)

  ii) Byung-Moo Park (Member of Audit Committee)

iii) Appointment of new directors (3 persons)

  iv) Varun Bery (Outside Director)

   v) Min-Lae Cho (Outside Director)

  vi) Byung-Moo Park (Outside Director)

vii) Status of outside directors

viii) Total number of registered directors: 11 persons

  ix) Total number of outside directors: 6 persons

   x) Ratio of outside directors to total directors: 54.5%

  xi) Auditor: standing n/a; non-standing n/a

xii) Audit committee consists of 3 outside directors

4. Other resolutions

  i) Item 1. Approval of Balance Sheet and Statements of
    Operations for the fiscal year 2003

    Approved as proposed

ii) Item 2. Approval of Statements of Disposition of Deficit
     for the fiscal year 2003

    Approved as proposed

iii) Item 3. Approval of the grant of stock option rights

    Withdrawn

iv) Item 4. Approval of maximum amount of remuneration for
    directors for year 2004 (KRW2 billion)

    Approved as proposed

  v) Item 5. Amendments of the regulation for officers'
     severance payment

     Approved as proposed

vi) Item 6. Amendments to the Articles of Incorporation

     Approved as proposed

vii) Item 7. Appointment of new directors (3 persons)

   Approved as proposed

5. Date of Annual General Meeting of Shareholders: March 26,
2004

6. Others

- Item 3 relating to the approval of the grant of stock option
rights was withdrawn at the request of the proposed grantees
given the company's management situation.


HANARO TELECOM: KCC Order Broadband Internet Firms to Pay W132M
---------------------------------------------------------------
The Korea Communication Commission (KCC), affiliated with the
Ministry of Information and Communication, has ordered two
broadband Internet operators namely Hanaro Telecom and KT
Corporation to pay fines amounting to 132 million won
(US$114,312) for unfair business practices, according to Yonhap
News Agency on Tuesday.

The South Korean telecom regulator said both firms colluded with
several apartment builders to monopolize the broadband Internet
service in the new housings.


HYNIX SEMICONDUCTOR: Develops DDR2 Chips for Laptops
----------------------------------------------------
Hynix Semiconductor Inc., in a press release, announced the
launching of its industry-first 1GB DDR2 SODIMM (Small Out Dual
In-line Memory Module) manufactured on its leading edge 0.11-
micron technology.

The newly launched 1GB DDR2 SODIMM, supporting 400 and 533MHz,
were developed to meet the projected DDR2 demand for notebook
applications in second half of this year. Hynix is planning to
begin mass production of 1GB DDR2 SODIMM next quarter to
coincide with the release of Intel DDR2 chipset.


SK CORPORATION: Sees Oil Imports and Market Share Fall Last Year
----------------------------------------------------------------
SK Corporation saw its oil imports and domestic market share
decline in 2003, Yonhap News reports. The company's oil imports
posted 252.1 million barrels last year, down 4.8 percent from
264.9 million barrels the previous year.


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


ANCOM BERHAD: Listing New Ordinary Shares
-----------------------------------------
Kindly be advised that Ancom Berhad's additional 67,285,572 new
ordinary shares of RM1.00 each issued pursuant to the aforesaid
Bonus Issue of 67,285,572 new ordinary shares of RM1.00 each
were granted listing and quotation effective 9 a.m., Tuesday, 30
March 2004.

This is a Kuala Lumpur Stock Exchange announcement.


ANTAH HOLDING: Announces Change in the Audit Committee
------------------------------------------------------
Antah Holding Berhad wishes to announce the appointment of a new
member to the Audit Committee. Details are as follows:

Date of Change:   29 March 2004

Type of Change:   Appointment

Designation:   Member of Audit Committee

Directorate:   Independent and Non Executive

Name:     Ong Lai @ Ong Kong Lai

Age:     61

Nationality:   Malaysian

Qualifications: 1. Bachelor of Industrial
Management Degree from Nanyang
University, Singapore

2. Bachelor of Commerce Degree
from University of Otago, New
Zealand.

Working experience
And occupation: He is a professional accountant
with more than thirty years of
professional and management
experience.

He is a founding partner of
Messrs. Ong & Wong, a firm of
chartered accountants founded in
1977.

He began his career with several
international accounting firms
with six years of experience in
auditing and investigations after
which he joined an international
group of companies where he was in
charge of the financial management
of the group.

Currently, he is a senior partner
of Messrs. Ong & Wong, a firm of
Chartered accountants.

He is a member of the following
institutions:

  1.The Malayan Institute of
Accountants (MIA)

  2. Pioneer member of the
Malaysian Institute of Taxation

  3. Chartered member of the
Institute of Internal Auditots
  4. The Malaysian Institute
of Certified Public Accountants

  5. The New Zealand Institute
of Chartered Accountants

He is also an Approved Cooperative
Society Auditor, Approved Company
Auditor and Approved Company
Liquidator.

Directorship of public
Companies (if any): Nil

Family relationship with
Any director and/or major
Shareholder of the listed
Issuer: Nil

Details of any interest
In the securities of the
Listed issuer or its
Subsidiaries; Nil

Composition of Audit
Committee (Name and
Directorate of members
After change): Y. Bhg. Dato' Mohd Shahar Bin
Abdul Hamid
(Chairman, Independent Non
Executive Director)

Y. Bhg. Dato' Hidzir Bin Ahmad
(Member, Independent Non-executive
Director)

Y. Bhg. Dato' Harold Michael
Joseph
(Member, Group Managing Director)

Ong Lai @ Ong Kong Lai
(Member, Independent Non-executive
Director)

Remarks:

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


ANTAH HOLDING: Announces Changes in Boardroom
---------------------------------------------
Antah Holding Berhad wishes to announce the appointment of a new
non-executive director to the Board. Details are as follows:

Date of Change:   29 March 2004

Type of Change:   Appointment

Designation:   Non-executive Director

Directorate:   Independent and Non Executive

Name:     Ong Lai @ Ong Kong Lai

Age:     61

Nationality:   Malaysian

Qualifications: 1. Bachelor of Industrial
Management Degree from Nanyang
University, Singapore

2. Bachelor of Commerce Degree
from University of Otago, New
Zealand.

Working experience
And occupation: He is a professional accountant
with more than thirty years of
professional and management
experience.

He is a founding partner of
Messrs. Ong & Wong, a firm of
chartered accountants founded in
1977.

He began his career with several
international accounting firms
with six years of experience in
auditing and investigations after
which he joined an international
group of companies where he was in
charge of the financial management
of the group.

Currently, he is a senior partner
of Messrs. Ong & Wong, a firm of
Chartered accountants.

He is a member of the following
institutions:

  1.The Malayan Institute of
Accountants (MIA)

  2. Pioneer member of the
Malaysian Institute of Taxation

  3. Chartered member of the
Institute of Internal Auditots
  4. The Malaysian Institute
of Certified Public Accountants

  5. The New Zealand Institute
of Chartered Accountants

He is also an Approved Cooperative
Society Auditor, Approved Company
Auditor and Approved Company
Liquidator.

Directorship of public
Companies (if any): Nil

Family relationship with
Any director and/or major
Shareholder of the listed
Issuer: Nil

Details of any interest
In the securities of the
Listed issuer or its
Subsidiaries; Nil

Remarks: Upon the appointment of Mr. Ong Lai @ Ong Kong Lai, the
Company has filled up the vacancy
on the Audit Committee in
compliance with the requirements
of Paragraph 15.10 of the Listing
Requirements of the Malaysia
Securities Exchange Berhad.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


BERJAYA GROUP: Presents Unaudited Financial Report
--------------------------------------------------
Berjaya Group Berhad is pleased to announce its unaudited
Interim Financial Report for the period ending 31 January 2004.

For full details of the report, click on the following link:

http://bankrupt.com/misc/BerjayaReport1April.pdf


CHIN FOH: Announces Change in Business Address
----------------------------------------------
The following announcement dated 29 March 2004 was posted by
Chin Foh Berhad on the Kuala Lumpur Stock Exchange.

Change Description:   Correspondence

Old Address:    10th Floor- Tower Block
      Kompleks Antarabangsa
      Julan Sultan Ismail
      50250 Kuala Lumpur

New Address:    Level 5 Menara Milenium
      Jalan Damanlela
      Pusat Bandar Damansala
      50490 Kuala Lumpur

Name of Registrar:

Telephone Number:    03-27181551

Facsimile Number:    03-27157699

E-mail address:    owleong@symphony.com.my

Effective date:    29 March 2004


CRIMSON LAND: Updates Proposed Debt Restructuring Info
------------------------------------------------------
Crimson Land Berhad would like to refer to announcements dated
26 July 2002, 8 August 2002, 27 November 2002, 16 December 2002,
22 January 2003, 11 March 2003, 4 July 2003, 24 February 2004
and 9 March 2004 in relation to the company Proposals.

The Proposed Acquisition entails the acquisition of 5,000,000
ordinary shares of RM1.00 each in Linggi Park Resorts Sdn Bhd
(LPR), representing the entire equity interest in LPR, for a
total purchase consideration of RM7,500,000 to be satisfied by
way of issuance of 15,000,000 new ordinary shares of RM0.50 each
in Crimson (Crimson Share) at an issue price of RM0.50 per
Crimson Share and the assumption of liabilities of up to a
maximum of RM2,500,000.

In connection thereto, Alliance Merchant Bank Berhad, on behalf
of Crimson, is pleased to announce that, in connection with the
Proposed Acquisition, Crimson had on 29 March 2004 allotted and
issued 15,000,000 new Crimson Shares to the vendors of LPR. The
new Crimson Shares will be listed on the Main Board of the
Malaysia Securities Exchange Berhad.

This announcement is dated 29 March 2004.


CSM CORPORATION: To Appeal Securities Commission Decision
---------------------------------------------------------
CSM Corporation Berhad would like to refer to the announcement
dated 24 March 2004.

Malaysian International Merchant Bankers Berhad, in behalf of
CSM wishes to announce that the Board of Directors of CSM has
decided to appeal to the Securities Commission on the rejection
of the company's application in relation to the Proposed Rescue
cum Debt Restructuring Scheme.

For and on behalf of
CSM Corporation Berhad

Malaysian International Merchant Banker's Berhad

This announcement is dated 30 March 2004.
cc. Issues and Investment Division
Securities Commission


CSM CORPORATION: L'Grande Withdraws Winding Up Petition
-------------------------------------------------------
Further to the announcement made to the Exchange on 2 May 2003,
6 May 2003 and 9 May 2003 respectively, the Board of Directors
of CSM Corporation Berhad (CSM) wishes to announce that at the
hearing of the aforesaid case on 26 March 2004, the Petitioner
L'Grande Development Sdn Bhd through their solicitors, has
withdrawn the Winding Up Petition against CSM with no order as
to costs. The Petition has been struck off by the Judge.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


GENERAL CORP: Finally Stops Losses
----------------------------------
The Edge Daily reports on Wednesday, 31 March that the General
Corporation Berhad books have finally returned to the black,
posting a net profit of RM10.32 million in the financial year
ending 31 January 2004. General Corp suffered a loss of RM3.70
million in FY2003.

Its revenue increased to RM240.33 million from RM146.23 million
previously. Earnings per share stand at 3.47 sen from a loss of
1.25 sen.

Full details of the unaudited Statement for the financial year
ending 31 January 2004 as presented to the Kuala Lumpur Stock
Exchange may be viewed at the following link:

http://bankrupt.com/misc/GenCorpStatement1April2004.xls

Company Background

The General Corporation Group is principally involved in
construction; property development; investment and management;
and manufacturing of rubber products and confectionery.
Operations are based in Malaysia, as well as in Singapore,
Australia, China, Hong Kong, Vietnam and Cambodia.


GENERAL SOIL: Withdraws Winding Up Petition
-------------------------------------------
General Soil Engineering Holdings Berhad would like to refer to
the announcement dated 19 June 2003 and 20 October 2003 in
respect to the Winding Up Petition by Jesatera Berhad on General
Soil.

The Company wishes to inform that, upon confirmation from the
solicitors, Jesatera Berhad has withdrawn the petition but with
the liberty to file a fresh petition pending settlement.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


HAP SENG: Listing Of New Ordinary Shares
----------------------------------------
Kindly be advised that Hap Seng Consolidated Berhad's additional
45,000 new ordinary shares of RM1.00 each issued pursuant to the
Hapseng-Employees' Share Option Scheme will be granted listing
and quotation with effect from 9.00 a.m., Wednesday, 31 March
2004.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


HAP SENG: Issues Notice of Shares Buy Back
------------------------------------------
Hap Seng Consolidated Berhad announces the buy back of ordinary
shares of RM1.00 each. The details are as follows:

Date of buy back:    29 March 2004

Description of shares purchased
(units):     10,000

Minimum price paid for each share
purchased (RM):    2.820

Maximum price paid for each share
Purchased (RM):    2.820

Total consideration paid (RM): 28,409.48

Number of shares purchased
Retained in treasury (units):  10,000

Number of shares purchased
Which are proposed to be
Cancelled(units):    0

Cumulative net outstanding
Treasury shares as at to-date
(units):     32,847,600

Adjusted issued capital
After cancellation
(no.of shares)(units):   0

Remarks:
Cc: Securities Commission

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


K.P. KENINGAU: Issues Monthly Report on Production Figures
----------------------------------------------------------
In accordance with Paragraph 9.29 of Chapter 9 of the Malaysia
Securities Exchange Berhad Listing Requirements, K.P. Keningau
Berhad would like to announce that the log production figures of
the Group for the month of February was 1368 M3.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


LANKHORST: Announces a Change in the Boardroom
----------------------------------------------
Lankhorst Berhad wishes to announce the resignation of Deputy
Chairman Y. bhg. Dato' Mohamed Rais Bin Zainuddin from the
Board. Details are as follow:

Date of Change:   29 March 2004

Type of Change:   Resignation

Designation:   Deputy Chairman

Directorate:   Executive

Name: Y. Bhg. Dato' Mohamed Rais Bin
Zainuddin

Age: 46

Nationality: Malaysian

Qualifications: Bachelor of Economics (UKM)(1981)

LLB(Hons) Thames Valley
University, UK

Working Experience
And Occupation: He was a lawyer in legal practice
from 1986 to 1998. Currently he is
the Executive Chairman of the
Tiara Group of Companies. He was
elected as a State Assemblyman for
the Chembong constituency in
Negeri Sembilan in the recent
election held on 21 March 2004 and
appointed on the State Exco on 30
March 2004.

Directorship of Public
Companies (if any): Austral Enterprise Berhad and
Dataprep Holdings Berhad

Family relationship with
Any director and/or major
Shareholder of the listed
Issuer: Nil

Details of any interest in
The securities of the listed
Issuer or its subsidiaries: Nil

This Kuala Lumpur Stock Exchange announcement is dated 30 March
2004


LONG HUAT: Extends Date for Fulfillment of Conditions
-----------------------------------------------------
Long Huat Group Berhad would like to refer to the Requisite
Announcement dated 28 February 2003 and the announcement dated
31 March 2003 on the Restructuring Scheme.

On behalf of the board of Directors of Long Huat Group Berhad,
Southern Investment Bank Berhad wishes to announce that the
parties to the Master Agreement entered into on 26 February 2003
and the Share Sale Agreement entered into on 29 March 2003
(Agreements) have mutually agreed to extend the Effective Date
(as defined in the Agreements) up to 1 July 2004 (the Extended
Effective Date) for the fulfillment of the conditions precedent
in the Agreements.

The Extended Effective Date may be further extended with the
mutual agreement of the parties, if necessary.

This Kuala Lumpur Stock Exchange announcement is dated 30 March
2004.


MALAYSIAN AIRLINES: Appoints New Managing Director
--------------------------------------------------
Ahmad Fuaad Dahalan has been appointed Tuesday, 30 March as the
new managing director of Malaysian Airline System Berhad, Dow
Jones reports. He will take up his position on Wednesday.

The airline stated in a statement to the Malaysia Securities
Exchange that Ahmad Fuaad, 54, is currently holding the post of
senior general manager of sales, distribution and marketing.

Fuaad is to replace outgoing managing director Md Nor Yusof, who
will assume the post of chairman of Malaysia's Securities
Commission on Thursday.


MANGIUM: Subsidiary Defaults in Payments
----------------------------------------
Mangium Industries Berhad (formerly known as Serisar Industries
Berhad)(MIB) wishes to announce that its wholly owned
subsidiary, Mangium Sawmill Sdn Bhd (formerly known as Kilang
Papan Dasatu Sdn Bhd)(MSSB) has not paid, and is deemed to have
defaulted in its repayments on unsecured loans granted by
Standard Chartered Bank Malaysia Berhad and Southern Bank
Berhad.

The details of the loans currently in default in compliance with
Section 3.1 of Practice Note 1/2001 are tabulated in Table 1.
This may be viewed in full detail at the following link:

http://bankrupt.com/misc/MangiumDebts1April04.doc

A) Reason for Default in Payments

Due to the unfavorable timber market and depressed prices for
timber and timber related products throughout Asia since the
financial crisis in the year 1997, many of the Group's buyers
were adversely affected and are facing financial difficulties
leading to their inability to settle their outstanding balances
despite efforts made by the management to collect these
outstanding debts with the Group. As a result, the cash flow
generated from operations was not sufficient to service the
interest and principal obligations to the lenders as and when
they fell due.

B) Measures by the Listed Issuer To Address the Default in
Payments

Standard Chartered Bank Malaysia Berhad has agreed to the
Proposed Debt Settlement and Restructuring Scheme announced by
MIB on 22 December 2003.

C) Financial and Legal Implications in Respect of the Default in
Payments Including the Extent of the Listed Issuer's Liability
in Respect of the Obligations Incurred Under the Agreements for
the Indebtedness

The estimated total outstanding as at 29 February 2004, in
relation to the payments, which are in default and are the
subject matter of this announcement amounts to RM10,165,886.30.
Since MIB is the guarantor for these loans, MIB is liable for
the full amount and any further interest and financial cost
levied there or until the settlement of these debts.

D) In the Event the Default is in Respect of Secured Loan Stocks
or Bonds, the Lines of Action Available to the Guarantors or
Security Holders Against the Issuer

Not applicable.

E) In the Event the Default is in Respect of Payments Under a
Debenture, To Specify Whether the Default will Empower the
Debenture Holder To Appoint a Receiver and Manager

Not applicable.

F) Whether the Default in Payment Constitutes an Event of
Default Under a Different Agreement for Indebtedness (Cross
Default) and the Details Thereof, Where Applicable

The facilities listed above represent the borrowings of MIB's
wholly owned subsidiary, MSSB, and as a result of their default,
the remaining facilities granted by other lenders to MSSB are
all technically in default by virtue of the "Cross Default"
clauses in the Letter of Offers.

However, the lenders have kept in view further legal action
other than those, which have been disclosed in our Annual Report
and Announcements, since MIB is in active negotiations with them
to normalize and regularize the accounts.


PANCARAN: Details Developments in Restructuring Scheme
------------------------------------------------------
The abbreviations used throughout this announcement shall have
the same meaning as previously defined in Pancaran Ikrab
Berhad's (PIB) announcements dated 15 October 2002, 30 October
2002 and 7 April 2003.

On 11 March 2004, Public Merchant Bank Berhad (PMBB), on behalf
of the Vendors, namely Dato' Dr Tan Seng An and Datin Tan Bee
Lian (Relevant Vendors), made an application to the Securities
Commission (SC) seeking its approval to pledge 7,500,000 DCIB
Shares to be placed under moratorium as collateral for the put
and call option arrangement to be entered into between the said
Vendors and the FI Creditors of PIB (Waiver Sought).

Pursuant to this, PMBB on behalf of the Board of PIB, is pleased
to announce that that the SC had vide its letter dated 25 March
2004, which was received on 27 March 2004, approved the Waiver
Sought subject to the following conditions:

(i) the Relevant Vendors shall remain the beneficial
holders of the 7,500,000 DCIB Shares placed as collateral for
the put and call arrangement and shall continue to adhere to the
moratorium condition imposed by the SC via its letter dated 1
April 2004 and prior to any sale, transfer or assignment of
these DCIB Shares, the approval from the SC must be obtained.

This announcement is dated 30 March 2004.


PERNAS INTERNATIONAL: SC Approves Restructuring Scheme
------------------------------------------------------
Reference is made to the announcements made on behalf of Pernas
International Holdings Berhad on 12 June 2003, 31 October 2003,
5 November 2003 and 15 December 2003 in relation to the Group's
Proposed Restructuring Scheme.

Aseambankers Malaysia Berhad (Aseambankers), on behalf of PIHB,
is pleased to announce that the Securities Commission (SC) had
vide its letter dated 25 March 2004 (received on 26 March 2004)
approved the following:

(i) Based on the SC Guidelines on the Offering of Private
Debt Securities (SC Guidelines) and the declaration by
Aseambankers and Arena Target Sdn Bhd (ATSB) pursuant to
Paragraph 4.01 of the SC Guidelines dated 12 March 2004,
together with the terms and conditions of the issuance of
private debt securities by ATSB, the SC has approved the:

(a) proposed issuance of RM371,641,345 nominal value
of 10 year 2 percent Irredeemable Convertible
Unsecured Loan Stocks (ICULS) of ATSB; and

(b) proposed issuance of RM153,447,612 nominal value
of 10 year 2 percent Redeemable Convertible
Unsecured Loan Stocks (RCULS) of ATSB.

In conjunction with the above, the SC has also approved
the waiver from the rating requirement for the
RCULS, based on the following conditions.

(a) The RCULS are non-transferable and non-tradable,
save and except for in limited circumstances as
stated in the application to the SC, that are:

(aa) in the event the shareholders of ATSB
reach a situation of "Deadlock", as defined
under the terms of the Shareholders' Agreement
to be entered into amongst them, (that is,
where any matter relating to or affecting ATSB
has been raised and considered at a meeting of
its board of directors and at a subsequent
shareholders' meeting where no resolutions are
passed at such meeting and a shareholder has
notified the others thereafter that the matter
has not been resolved to their satisfaction),
then the holder of RCULS who is a shareholder
of ATSB shall be entitled to sell the RCULS to
other shareholders. In the event the other
shareholders reject the offer for sale of the
RCULS, the RCULS may then be offered for sale
to third parties;

(bb) in the event any of the shareholders of
ATSB commits an event of default under the
terms of the Shareholders' Agreement to be
entered amongst them, the non-defaulting
shareholders of ATSB can require the
defaulting shareholder to sell all of its
securities in ATSB, which includes RCULS, to
them.

(b) Where any transfers are to be made pursuant to
the limited circumstances set out above, ATSB
and Aseambankers will:

(aa) inform the SC in writing on the identity of
the third party, immediately upon selection of
the third party; and

(bb) reassign the rights on the limited
transferability of the RCULS in the above
circumstances to the transferee(s) of the RCULS.

(c) Prior to the transfer of the RCULS, whether to
an existing shareholder of ATSB or third party,
Aseambankers and ATSB will provide written
confirmations to the SC that the transferee(s) of
the RCULS do not require the RCULS to be rated and
have agreed to the limited transferability of the
RCULS in the above circumstances.

(ii) Based on Guidelines for the Regulation of Acquisition
of Assets, Interests, Mergers and Take-Overs 1974 of the
Foreign Investment Committee, the SC has no objections to
the change in the Bumiputera, non-Bumiputera and foreign
equity interests of ATSB upon completion of the Proposed
Restructuring Scheme, involving the following:

(a) proposed acquisition of 67,246,014 ordinary
shares of RM1.00 each representing 99.48 percent
equity interest in PIHP (Selangor) Berhad from PIHB
for a total purchase consideration of RM222,767,045
to be satisfied by an issuance of RM99,319,433
nominal value of ICULS and RM123,447,612 nominal
value of RCULS;

(b) proposed acquisition of 20,000,000 ordinary
shares of RM1.00 each representing 100.0 percent
equity interest in Linear Range Sdn Bhd from Pernas
Securities Sdn Bhd for the nominal sum of RM1.00
with a payment of compensation amount of
RM88,280,334;

(c) proposed acquisition of 50,000,000 ordinary
shares of RM1.00 each representing 100.0 percent
equity interest in PIHP (Johor) Sdn Bhd from Pernas
Mining Sdn Bhd for a total purchase consideration of
RM26,964,385 to be satisfied by the issuance of
RM26,964,385 nominal value of ICULS;

(d) proposed acquisition of 98,000,000 ordinary
shares of RM1.00 each representing 70.0 percent
equity interest in PHC (Sarawak) Sdn Bhd from Pernas
Hotel Chain Holdings Sdn Bhd for a total purchase
consideration of RM43,935,024 to be satisfied by the
issuance of RM43,935,024 nominal value of ICULS;

(e) proposed acquisition of 100,000 ordinary shares
of RM1.00 each representing 100.0 percent equity
interest in Kuala Tahan Resort Sdn Bhd from Pernas
OUE Sdn Bhd for the nominal sum of RM1.00 with a
payment of compensation amount of RM9,328,802;
(f) proposed acquisition of 100,000 ordinary shares
of RM1.00 each representing 100.0 percent equity
interest of Pernas Hotel Management Sdn Bhd from
PIHB for a total purchase consideration of
RM1,546,987 to be satisfied by the issuance of
RM1,546,987 nominal value of ICULS; and

(g) proposed acquisition of the business and
property of Mutiara Kuala Lumpur from PIHB for a
total purchase consideration of RM330,000,000 to be
satisfied via the issuance of 300,000,000 new
ordinary shares of RM1.00 each in ATSB and
RM30,000,000 nominal value of RCULS;

(collectively known as the Proposed Acquisitions)

The SC has taken note that the abovementioned ICULS and RCULS
will be issued by ATSB upon completion of the Proposed
Restructuring Scheme.

The approval from the SC is subject to the following conditions:

(i) Aseambankers or ATSB is required to furnish to the
SC, the new equity structure of ATSB upon completion
of the Proposed Acquisitions.

(ii) Aseambankers and ATSB are required to obtain
approval from the SC with regards to any changes to
the terms and conditions on the issuance of ICULS
and RCULS by ATSB.

(iii) Prior to the issuance of ICULS and RCULS by ATSB,
Aseambankers is required to furnish to the SC, the
following documents and information:

(a) FMF/JPB (Facility Maintenance File) form for the
ICULS and RCULS;

(b) one (1) certified true copy of the executed
Trust Deeds for the ICULS and RCULS;

(c) one (1) copy of the complete Principal Terms and
Conditions of the ICULS and RCULS in the form of
hard copy and diskette (in PDF format).

Aseambankers is required to provide written confirmation and a
completed checklist to the SC on the compliance with the
abovementioned terms and conditions, upon completion of the
Proposed Restructuring Scheme, including the Proposed
Acquisitions and proposed issuance of ICULS and RCULS by ATSB.

The SC has also approved the following, in relation to the
Proposed Restructuring Scheme:

(i) the application for a waiver by ATSB from the
obligation to extend a mandatory general offer (MGO)
to acquire the remaining shares not already owned by
ATSB in PIHP (Selangor) Berhad and PHC (Sarawak) Sdn
Bhd; and

(ii) the application for a waiver by PIHB from the
obligation to extend a MGO to acquire the remaining shares
not already owned by PIHB in ATSB (obtained by way of a
ruling issued pursuant to Section 33A(4) of the SC Act,
1993).

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


PILECON ENGINEERING: Obtains Restraining Order
----------------------------------------------
Pilecon Engineering Berhad had on 18 March 2004 announced that a
Restraining Order pursuant to Section 176(10) of the Companies
Act 1965 has been obtained for the company.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


PROTON: Denies Technical Glitch in CAMPRO Engine
------------------------------------------------
An analyst remarked on Tuesday, 30 March that Malaysian carmaker
Perusahaan Otomobil Nasional Berhad or Proton is having
technical problems with its new CAMPRO engine. Proton has denied
the allegation, Dow Jones Newswires reports.

The analyst revealed earlier in the day to Dow Jones that a
defect had been found in the spark plug columns of the engine
chamber.

However, Proton later in the day stated that "it strongly denies
that there exists any technical defect to its CAMPRO engine,"
adding that the engine had undergone thorough testing.

The CAMPRO engine will appear in Proton's new GEN.2 model to be
launched in February. The company said that the model is being
"ramped up to cater to overwhelming response" and will be
available to the public in May.

Proton also objected to the reports that the carmaker is
currently producing thirty (30) GEN.2 units daily. They say,
"the statement is not only incorrect but seriously undermines
the efforts currently being undertaken by us." Proton, however
did not give any production figure to counter the reports.

Trading of Proton shares were suspended last week to give way to
the company's internal restructuring plan.


SIN KEAN BOON: Alumeta Unit Voluntarily Winding Up
--------------------------------------------------
Sin Kean Boon Group Berhad wishes to announce that Alumeta
Industries Sdn Bhd (Alumeta), a 51 percent owned subsidiary of
Sin Kean Boon - Sanwa (J.V.) Sdn Bhd which in turn is a 60
pecent owned subsidiary of Sin Kean Boon Group Berhad, has via a
General Meeting held on 29 March 2004 been wound up voluntarily.

The Board of Directors of Sin Kean Boon Group Berhad are of the
opinion that the winding up of Alumeta will not have any
material impact on the Group's earnings for the year ending 31
December 2004.

Yours faithfully

SIGNED

Lam Voon Kean (MIA 4793)
Joint Secretary

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


TANJONG PUBLIC: Issues Notice Of Book Closure
---------------------------------------------
Tanjong Public Limited Company posted the following announcement
on the Kuala Lumpur Stock Exchange on 29 March 2004:

Final dividend of 25 sen gross per share less 28 percent
Malaysian income tax.

Kindly be advised of the following:

1) Tanjong Public Limited Company's
securities will be traded and quoted
(Ex-Dividend) as from:    7 July 2004

2) The last date of lodgement:  9 July 2004

3) Date Payable:     2 August 2004


WCT ENGINEERING: Proposes To Renew Shareholders' Mandate
--------------------------------------------------------
The Board of Directors of WCT Engineering Berhad wishes to
announce that pursuant to paragraph 10.09 and Practice Note No.
12/2001 of the Malaysia Securities Exchange Berhad (MSEB)
Listing Requirements, the Company proposes to seek shareholders'
approval to renew the Shareholders' Mandate for existing
Recurrent Related Party Transactions of a revenue or trading
nature (RRPT) as set out in the Circular to Shareholders at the
twenty second Annual General Meeting of the Company held on 18
June 2003, will expire at the conclusion of the forthcoming AGM,
unless renewal is obtained from the shareholders in the
forthcoming AGM.

The Proposed Renewal of Shareholders' Mandate, if approved by
the shareholders at the forthcoming AGM, will enable the Company
and its subsidiaries to continue entering into RRPT with related
parties which are necessary for the Group's day to day
operations. The RRPT are in ordinary course of business, made at
arm's length, on normal commercial terms and on terms not more
favorable to the related parties than those generally available
to the public and are not detrimental to minority shareholders.

A Circular to Shareholders in relation to the Proposed Renewal
of Shareholders' Mandate will be attached with the company's
Annual Report 2003 to be distributed to the shareholders
together with the Notice of the forthcoming AGM in due course.

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


WING TIEK: Announces Change in Business Address
-----------------------------------------------
Wing Tiek Holdings Berhad wishes to announce a change in the
Company's business address. Details are as follows:

Change Description:  Correspondence

Old Address:   10th Floor
     Tower Block
     Kompleks Antarabangsa
     Jalan Sultan Ismail
     50250 Kuala Lumpur

New Address:   Level 5
     Menara Milenium
     Jalan Damanlela
     Pusat Bandar Damansara
     50490 Kuala Lumpur

Name of Registrar:

Telephone Number:   03-27181551

Facsimile Number:   03-27157699

E-mail Address:   oi-wah.leong@symphony.com.my

Effective date:   29 March 2004

This Kuala Lumpur Stock Exchange announcement is dated 29 March
2004.


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


NATIONAL POWER: Imposes 15-day Due Diligence Period to Bidders
--------------------------------------------------------------
A 15-day period for due diligence will be strictly imposed on
the bidding of the next batches of generating assets of National
Power Corporation (Napocor), the Power Sector Assets and
Liabilities Management Corp.(Psalm) said, as quoted by ABS-CBN
News.

"We are prepared this time around. One of the important lessons
we have learned from the first disposal was that we should take
note of the due diligence period. It should not exceed more than
two weeks or 15 days so as not to delay the entire privatization
schedule," Psalm vice president Froilan Tampinco said.

A total of seven local firms have already expressed interest in
the auction of the next batch of generating assets, which
includes the two-megawatt Barit and four-megawatt Cawayan power
plants to be sold as one package and the 1.6-megawatt power
plant to be sold on a stand-alone basis.  Three local firms are
interested in the Agusan plant.  The auction date is tentatively
scheduled in mid-May, Mr. Tampico said.

"We would start with Barit-Cawayan as we have already gotten a
board approval for the sale. We are eyeing mid-May until June,"
Mr. Tampinco said.  Barit is located in Camarines Sur, while
Cawayan is situated in Sorsogon.

The supposed schedule for the bidding of the second batch is on
April but this would be deferred because Psalm has to seek the
approval of the Commission on Audit (COA) before it formally
issues an invitation to bid.

"We first have to file with COA. Then there is a 20-day period
before we can issue the public notice on the assets that need to
be sold. After which, due diligence will take place. That is why
we should strictly limit it within 15 days. So, you see the
delay is not because of the coming national election but because
the law mandates us to follow the requirements," Mr. Tampinco
said.

Proceeds from the privatization of these assets will be used to
repay Napocor's outstanding obligations, thus reducing the
governments borrowing requirements and in turn would lead to
lower electricity rates.


PILIPINO TELEPHONE: Submits Clarification of News Article
---------------------------------------------------------
Pilipino Telephone Corp. posts to the Philippine Stock Exchange
clarification to the news article entitled "Smart To Boost
Income By P1B on Piltel Buy" published on 26 March 2004 of
Today.

The article reported "Piltel had already accumulated P50 billion
worth of unutilized net operating loss carryover (NOLCO) since
1997, he said, of which P10 billion are about to expire.
Applying P10 billion in NOLCO amounts to more than P3 billion in
tax savings at a 32-percent tax rate."

"The total NOLCO of Piltel is in the order of P50 billion. We
estimate that the tax benefits that could accrue to Smart over a
period between five and seven years would be approximately 25
percent to 30 percent of that.

So we're looking at between P10 and P50 billion, spread over
five to seven years. This year, about P10 billion in NOLCO would
expire and which we intend to use,' Pangilinan said at the
sidelines of a bankers' conference."

Pilipino Telephone Corporation (PLTL), in its letter dated March
30, 2004, clarified that:

"Since 2001, Piltel has reported cumulative net losses of
PhP47,039.4 million, which include significant provisions for
asset write-offs and impairment charges. These losses have
resulted in deferred tax assets comprised primarily of a
combination of the Net Operating Loss Carryover (`NOLCO') and
the asset write-offs/impairment charges for which a valuation
allowance has been provided as based on Piltel's current
performance, it is unlikely that the tax benefits on these will
be utilized. In fact, Piltel has written off PhP5,974.1 million
of NOLCO arising from losses in 1999 and 2000 against the
valuation allowance due to the expiration of these benefits. The
foregoing information can be found in Note 16, pages 23-24, of
Piltel's Notes to Consolidated Financial Statements that were
filed with the PSE and SEC on March 2, 2004, which we attach for
your reference."

To view full copy of this press release, click
http://bankrupt.com/misc/PILTEL033104.pdf


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


CIRCUITS PLUS: Voluntarily Dissolves Associated Company
-------------------------------------------------------
The Directors of Circuits Plus Holdings Ltd wishes to announce
that the shareholders of Shan Dong Ju Li Circuits Plus
Electronic Technology Co., Limited (JVCO), namely Shen Zhen Hui
Ze Tong Automatic Three-Dimensional Parking System Co., Ltd (Hui
Ze Tong), the Company's wholly owned subsidiary Circuits Plus
(Asiatic) Pte Ltd (CPAPL) and Federal Capital Holdings Pte Ltd
(FCH) (collectively the Shareholders) have entered into an
agreement to voluntarily dissolve JVCO.

JVCO is the company established in Wei Fang, Shan Dong Province,
People's Republic of China (PRC) by the Shareholders. As at 31
January 2004, the contributed capital of JVCO is S$10,300,274.97
(RMB 50,986,361.15) and its net tangible asset is S$7,224,640.18
(RMB 35,761,968.90).

CPAPL had previously satisfied the consideration for its 38.44
percent share in the contributed capital of JVCO via a transfer
of certain PCB fabrication technology valued at RMB 14,000,000
to JVCO and cash of S$1,230,000 (RMB 5,600,000). Upon
dissolution of JVCO, CPAPL will take back ownership over the PCB
fabrication technology and its original cash investment of
S$1,230,000 (RMB 5,600,000) less pre-operating and dissolution
expenses. Hui Ze Tong and FCH had given an undertaking to CPAPL
that they would not utilize or in any way infringe on such PCB
fabrication technology for a period of 5 years from 30 March
2004.

The voluntary dissolution of JVCO is subjected to the approval
from the relevant PRC authorities.

RATIONALE FOR VOLUNTARY DISSOLUTION

Hui Ze Tong, the major shareholder, had decided not to carry on
with the business of PCB manufacturing to pursue a different
area of business after more than a year since they gain majority
control of JVCO. Taking into consideration the time and
substantial additional investment required to bring JVCO to a
viable scale of commercial operation after the pullout by Hui Ze
Tong, CPAPL and FCH decided that it is in the best interests of
all parties to dissolve JVCO.

FINANCIAL IMPACT

The Group had provided as an exceptional item, a write-down of
S$3.5 million on the Group's cost of investment in JVCO in its
results for the 6 months ended 30 September 2003. The voluntary
dissolution of JVCO is not expected to have any further material
impact on the net tangible assets per share and the earnings per
share of the Group.

DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS INTERESTS

None of the Directors or substantial shareholders of the Company
has any interest, direct or indirect in the transaction set out
above.

Other Information

An exchange rate of S$1 = RMB 4.95 has been assumed for the
purpose of this announcement with the exception for CPAPL's
original cash investment in JVCO, where the actual rate of
exchange prevailing then was applied.

Relative figures computed on the bases set out in Listing Rule
1006:

(a) Net asset value of assets disposed of compared with the
group's net asset value = 4.32 percent

(b) Net profits attributable to assets disposed of compared with
the group's net profits

= not applicable (JVCO has not commenced commercial
operations)

(c) Aggregate value of consideration received compared with the
issuer's market capitalization = 6.57 percent

(d) Number of equity securities issued by the issuer as
consideration for an acquisition

= not applicable.

Submitted by Ong Kian Soon, Executive Director on 30 March 2004
to the SGX


CIRCUITS PLUS: Subsidiary Hikes Issued and Paid Up Capital
----------------------------------------------------------
The Board of Directors of Circuits Plus holdings Limited wishes
to announce that Circuits Plus Pte Ltd (CPS), a wholly owned
subsidiary of the Company, has increased its issued and paid up
capital from S$7,808,000 to S$12,808,000 by an issue of
5,000,000 ordinary shares of $1 each to the Company on 30 March
2004 pursuant to a conversion of a sum of S$5,000,000 due from
CPS to the Company (the Conversion Sum) into ordinary shares of
CPS on the basis of one ordinary share of par value S$1 each
credited as fully paid up in the capital of CPS for every S$1 of
the Conversion Sum.

Submitted by Ong Kian Soon, Executive Director on 30 March 2004
to the SGX.


ECON CORPORATION: Enters Novation Agreement With BBR Holdings
-------------------------------------------------------------
BBR Holdings (S) Ltd announced that Singapore Piling & Civil
Engineering Private Limited (Singapore Piling), a wholly owned
subsidiary of the Company, has entered into a Novation Agreement
with Econ Corporation Ltd (under Interim Judicial Management)
and Public Utilities Board, Singapore whereby Singapore Piling
will undertakes, in place of Econ, as the main contractor in
relation to the project known as - Deep Tunnel Sewerage System -
Kim Chuan Link Sewers Contract 2. The contract sum for the
Project is S$13.7 million.

There is no material impact in terms of earnings per share or
net tangible asset per share for the current financial year of
BBR Holdings.

Submitted by Tan Kheng Hwee Andrew, Chief Executive Officer on
March 25, 2004 to the Singapore Stock Exchange.


ECON INTERNATIONAL: Presents Compromise Scheme to Creditors
-----------------------------------------------------------
Further to an announcement made on 28 November 2003, Econ
International Limited wishes to announce that a meeting of the
company's unsecured creditors was held on 31 March 2004 for the
purposes of presenting, considering and if thought fit,
approving a Scheme of Arrangement and Compromise (Scheme)
proposed to be made between the Company and its Creditors.

Under the Scheme, each Creditor shall be issued the Company's
shares at S$0.015 per share in satisfaction of the amount of
their claims. The aggregate issue price of the new shares to be
issued is expected to represent 100 percent of their claims.

The Explanatory Statement for the proposed Scheme may be viewed
in full detail at the following link:

http://bankrupt.com/misc/EconScheme1April04.pdf

A list of creditors to whom guarantees have been provided may be
viewed at the following link:

http://bankrupt.com/misc/EconAppendix1April04.pdf

In addition, the Company wishes to inform that a hearing on 15
March 2004, the High Court has ordered Econ Corporation Limited
to be placed under judicial management and appointed Mr. Timothy
Reid of Ferrier Hodgson as the judicial manager.

By Order of the Board

Submitted by lee Mee Kium, Senior Manager on 31 March 2004 to
the SGX.


ENERSAVE HOLDINGS: Announces a Change in Company Name
-----------------------------------------------------
Further to the announcement by Enersave Holdings Limited dated
23 March 2004 in connection with the results of the
Extraordinary General Meeting of the company held on 23 March
2004, the Board of Directors of China Enersave Limited (formerly
known as Enersave Holdings Limited) wishes to announce the
lodging of the notice of special resolution of the company's
change of name with the Registrar of Companies and Businesses
(RCB) on 29 March 2004, the name of the company has been changed
from "Enersave Holdings Limited" to "China Enersave Limited"
effective 29 March 2004.

The Company will begin trading on the SGX-ST under its new name
effective 1 April 2004.

Submitted by Tan Chee Kian, Company Secretary on 30 March 2004
to the SGX.


FLEXTECH HOLDINGS: Announces Change in Shareholder's Interest
-------------------------------------------------------------
The following is a Notice of Changes in Substantial
Shareholder's Interest filed by Flextech Holdings Limited with
the Singapore Exchange:

Part I

1. Date of notice to issuer:   29 March 2004

2. Name of Substantial Shareholder:  Chng Weng Wah

3. Please tick one or more appropriate box(es):

(Please complete Parts II and IV)

a Change in Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest.

(Please complete Parts II and IV)

Part II

1. Date of Change in Interest:

2. Name of Registered Holder:

3. Circumstance(s) giving rise
to the interest or change
in interest:

4. Information relating to
shares held in the name of
the Registered Holder:

No. of shares held before
the change:

As a percentage of issued
share capital:

No. of shares which are the
subject of this notice:

As a percentage of issued
share capital:

Amount of consideration
excluding brokerage and
stamp duties) per share
paid or received:

No. of shares held
after the change:

As a percentage of
issued share capital:

Part III

1. Date of change of interest:  29/03/2004

2. The change in the percentage level: From 5.83% to 5.89%

3. Circumstance(s) giving rise
to the interest or change in
interest:      Open market purchase

4. A statement of whether
the change in the percentage
level is the result of a
transaction or a series
of transactions.

*(a)  The change in the percentage level is the result of
a transaction

*(b)  The change in the percentage level is the result of
transactions, details of which are as follows :

Date of Transaction    No of *Shares/Warrants      Consideration

29/03/2004               100,000 Shares              $0.52 x
  100,000 Shares

Part IV

1. Holdings of Substantial Shareholder, including direct and
deemed interest:

Amount of consideration is denominated in Singapore dollars
unless otherwise noted.


NEOCORP INTERNATIONAL: Clarifies Straits Times Report
-----------------------------------------------------
Neocorp International Limited clarified that a company known as
Neo Corporation Pte Ltd (in respect of which a petition for a
Judicial Management Order has been advertised in the press
recently and which was made the subject of a news report in The
StraitsTimes of 24 March 2004) is not a member of the NeoCorp
International Ltd's group of companies (the Group). Neo
Corporation Pte Ltd is not related to NeoCorp International Ltd
or NeoCorp Innovations Pte Ltd or other companies in the Group.

Submitted by Lim Dow Kean, Company Secretary on March 30, 2004
to the Singapore Stock Exchange.


RSH LIMITED: Winding Up Dormant Unit
------------------------------------
RSH Limited announced the completion of the members' voluntary
winding up of its dormant wholly owned subsidiary Mantra
Investments Pte Ltd (Mantra). The status of Mantra as shown in
the records of the Registry of Companies and Businesses as of 30
March 2004 is "Dissolved - Members' Voluntary Winding Up".

The dissolution of Mantra will not have any material impact on
the earnings per share and net tangible assets per share of the
Group for the financial year ending 31 March 2004.

Submitted by Tan Chong Beng, Company Secretary on March 30, 2004
to the Singapore Stock Exchange.


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


THAI MILITARY: Issues Correction on Preferred Shares
----------------------------------------------------
Thai Military Bank PCL submits a correction to the Stock
Exchange of Thailand on the issuance in May 2000 of
1,992,000,000 Class B Preferred Shares, and their subsequent
listing on May 26, 2000.

The preferential rights assigned to these shares have a duration
period of 10 years commencing May 19, 2000. Holders of the
preferred shares are entitled to convert them into ordinary
shares of the Bank at a ratio of 1:1 at every3-month interval
on, March 20, June 20,September 20 and December 20 of each year.

For the March 20, 2004 exercise date, Class B preferred
Shareholder converted the preferred share into ordinary share
with the amount of 1,200 shares resulting in changes in number
of Ordinary Shares and Class B Preferred Shares of the Bank as
follows:

Class B Preferred Shares

Initial number of preferred
shares issued:     1,992,000,000 shares

Number of preferred shares
already converted:    100 shares

Conversion per this exercise
date (March 20,2004):    1,200 shares

Class B Preferred Shares
outstanding:     1,991,998,700 shares

Ordinary Shares

Number of ordinary shares
outstanding prior to
conversion:     8,415,967,200 shares

Previous conversion from
preferred shares:    100 shares

Conversion per this exercise
date (March 20,2004):    1,200 shares

Total ordinary shares
outstanding:     8,415,968,500 shares

Please be informed accordingly.

Yours truly,

Thai Military Bank Public Company Limited
(Mrs.Sumitra Trisrisakdi)
Advisor To The President
The Office of the President
Tel: (02) 299-1406


                            *********


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

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