TCRAP_Public/040414.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

            Wednesday, April 14, 2004, Vol. 7, No. 73

                            Headlines

A U S T R A L I A

BRAMBLES INDUSTRIES: Submits Application for Official Quotation
NATIONAL AUSTRALIA: Fares Brothers Pleads Guilty
NATIONAL AUSTRALIA: To Venture into New Technologies
QANTAS AIRWAYS: S&P Affirm Ratings After New Airline Plan


C H I N A  &  H O N G  K O N G

CHINA NAN: Unveils Circular, Prospectus Update
NEW WORLD: Selling Residential Units
PACIFIC DIRECTIONS: Issues Notice to Creditors to Prove Debts
SYSCAN TECHNOLOGY: Narrows 2003 Net Loss to HK$15M
SYSCAN TECHNOLOGY: AGM Set May 7

WALCOM BIO-CHEMICALS: Yangtze Plans to List Firm on GEM


I N D O N E S I A

BANK TABUNGAN: To Issue Bonds To Finance Credit Expansion
INDONESIAN SATELLITE: Offers 49% Stake of Unit for Sale


J A P A N

ISHIKAWAJIMA-HARIMA: Fitch Revises BBB- Rating Outlook
KANEBO LIMITED: Kao CEO Exits, Denies Kanebo Link
MITSUBISHI MOTORS: Daimler to Invest Another Y150B
MITSUBISHI MOTORS: Shares Up on Daimler Injection Report
SHIRAKAWA K.K.: Metallic Product Manufacturer Goes Bankrupt

TOSHIBA CORPORATION: Recalls Defective Television Sets


K O R E A

ASIANA AIRLINES: Posts US$68.43M Profit in First Quarter
HANARO TELECOM: To Move Headquarters to Downtown Seoul
HANARO TELECOM: Unveils 2004 Business Plan
HANBO IRON: POSCO Eyes Bid


M A L A Y S I A

ANTAH HOLDINGS: Issues Litigation Update
BOUSTEAD HOLDINGS: Details Listing and Quotation of New Shares
CRIMSON LAND: Beginning Final Exercise of Warrants 1994/2004
CSM CORPORATION: To Appeal SC Decision
EMICO HOLDINGS: Further Postpones Proposals

HAP SENG: Buys Back Ordinary Shares
HAP SENG: Releases Share Buy-back Details
KILANG PAPAN: Seeks Further Extension
LONG HUAT: Date Set For Unit's Petition Hearing
MALAYSIA MINING: Announces a Change in Registrar

MBF HOLDINGS: Arab-Malaysian Acquisition Approved
OMEGA HOLDINGS: Issues Notice of Entitlements and Book Closure
POS MALAYSIA: Replies To KLSE Query
PROTON: Denies Plans To Sell Lotus
PROTON: Appoints Board To Proton Holdings

PROTON: Mahaleel Still Involved in Proton Holdings
PROTON: Khazanah Denies Boardroom Coup Attempt
SRI HARTAMAS: Bartercard Unit In Creditor's Voluntary Winding Up
TAJO BERHAD: Updates Saferay Acquisition Info
TAJO BERHAD: Discloses Warrants, RCSLS, ICULS Features

TAJO BERHAD: Reports Listing And Quotation Of New Shares
TAJO BERHAD: Announces Exercise Price of B Warrants
TAJO BERHAD: Updates Acquisitions and Debt Settlements Info
TANJONG PUBLIC: Relates Listing and Quotation of New Shares
WEMBLEY INDUSTRIES: Updates Info on Proposed Restructuring


P H I L I P P I N E S

ABS-CBN BROADCASTING: Sets Annual Stockholders Meeting
BALABAC RESOURCES: Answers PSE Query
BANK OF AJUY: Issues Notice to Creditors
BANK OF BANATE: Issues Notice to Creditors
MANILA ELECTRIC: FPI Wants Immediate Refund

NATIONAL POWER: To Conduct Study on Base Load Power Projects
NATIONAL POWER: GSIS Seeks Aid to Cover Assets
NATIONAL POWER: 2003 Electricity Generation Increases by 2%
NEGROS NAVIGATION: Manila RTC Grants Debt Reprieve
NEGROS NAVIGATION: To Sue Tsuneishi's President


S I N G A P O R E

ADROIT INNOVATIONS: PT Perkasa Investment Approved
BBR GEOTECHNIC: Releases First Interim Dividend Notice
HONGBAO ENTERPRISE: Issues Winding up Order Notice
HONG LEONG: Unit Enters Voluntary Liquidation
HOTEL PROPERTIES: Associated Company To Sell Off Shares

IMC TECHNOLOGIES: Court Sets Petition Hearing Date
JTA MOTORS: Releases Dividend Notice
L&M GROUP: CEO Resigns
LKN-PRIMEFIELD: Clarifies Business Times Report
MICROFORM PRECISION: Releases Winding up Order Notice

REEMARK SINGAPORE: Creditors Must Submit Claims by May 10
SINGAPORE TELECOMMUNICATIONS: Presents New Collective Agreement
THAI VILLAGE: Oversea Unit Leases Property in Hanzhou, PRC
WANT WANT: Presents 30 April AGM Agenda
WANT WANT: Schedules Extraordinary General Meeting For 30 April


T H A I L A N D

PAE THAILAND: Relates Recent Developments on Amended Rehab Plan
SINO THAI: Submits Progress of Operating Results and Rehab Plan

     -  -  -  -  -  -  -  -

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


BRAMBLES INDUSTRIES: Submits Application for Official Quotation
---------------------------------------------------------------
Brambles Industries Limited submitted to the Australian Stock
Exchange the company's Form of Application for Official
Quotation of Additional Securities.

Please note that Brambles have applied to pay the listing fees
on a six monthly basis as provided by Listing Rule 2.8.3.

The company wishes to advise that a total of 57,285,116 grants
are currently held under the option plans and executive
performance shares plans, details of which are shown on the
attached schedule.

To view full copy of this press release, click
http://bankrupt.com/misc/BRAMBLESINDUSTRIES040804.pdf


NATIONAL AUSTRALIA: Fares Brothers Pleads Guilty
------------------------------------------------
The two brothers involved in a more than $1 million laundering
scandal at National Australian Bank, pleaded guilty in Melbourne
court, The Australian reports.

Michael Fares, 39, of Lindsay Court, Williamstown, and John
Fares, 38, of The Strand, Williamstown, are charged with two
counts of structuring transactions to avoid financial reporting
requirements.

The Fares admitted withdrawing more than $170,000 from a Westpac
bank account in 19 separate transactions of under $10,000 on
December 4 last year.

Over the next week they withdrew more than $1 million in cash
from the Westpac account and deposited a similar amount in a
joint NAB account in 124 separate transactions.

In a brief of evidence handed to the Melbourne Magistrates
Court, federal police alleged the money laundering followed the
Fares making a $9.8 million profit after buying AMP shares
before a NAB bid for a stake in the company.


NATIONAL AUSTRALIA: To Venture into New Technologies
----------------------------------------------------
National Australia Bank pushes through with its plan to wipe
away the image created by its $360 million foreign exchange
scandal, The Australian reports.  The bank will experiment with
new technologies that for the first time will involve sharing
innovation across the group.

"Part of the challenge is that we have to be prepared to make
mistakes," NAB Chief Information Officer Ian Crouch said.

"My philosophy is that we will trial different projects, do
different things and as we get to know more about them, if they
are not working we will just stop."

This approach is worlds away from the bank's approach in the
1990s, which left it with a number of unfinished projects.

ISI and HomeSide were among projects that "developed a life of
their own", Mr. Crouch said. ISI was designed to give the NAB a
common ERP system across all lines of operation.

However, cost blowouts and a split with set-up partner Deloitte
Consulting sidelined the project.  Mr. Crouch said the project
was now on track. "It is now fully rolled out in New Zealand and
components are working in Australia and the UK," he said.

HomeSide, the U.S. mortgage processing technology, was expected
to deliver savings of about 1.2 per cent on a standard mortgage,
but it actually duplicated processes and added to costs. After
some tweaking, the system will be deployed in Australia by
August.


QANTAS AIRWAYS: S&P Affirm Ratings After New Airline Plan
---------------------------------------------------------
Standard & Poor's Ratings Services announced that its ratings
and outlook on Qantas Airways Ltd. (BBB+/Stable/A-2) are
unaffected by the airline's plans to invest A$40 million in a
new low-cost airline based in Singapore.

Qantas' share in the new airline will be 49.9 percent, with
Singaporean investors, including government-owned Temasek
Holdings (Private) Ltd., holding the remaining 51.1 percent.

At A$40 million, the investment is small in terms of Qantas'
existing business and balance sheet; however, it comes at a time
when Qantas is starting up its own low-cost domestic carrier,
Jetstar (May 2004); the company is investing heavily in a fleet
expansion program; and other low-cost airlines are establishing
themselves in Singapore.

The new airline, which will fly between Singapore and other
Asian cities, is expected to begin flying with four aircraft in
late 2004, building up to a fleet of more than 20 aircraft in
the following three years.

Although the investment is small, it is considered high-risk,
and represents an important strategic move for Qantas in terms
of increasing its exposure to the high-growth Asian region.

Along with better positioning itself for this growth as aviation
markets open up, the move reflects the need for full-service
carriers like Qantas to proactively respond to the structural
changes being forced by low-cost airlines globally and the
strong underlying growth in low-yield leisure traffic.

Prudent management of the risks inherent in this investment and
Qantas' overall exposure to the venture will be critical to
ensuring this investment does not negatively affect the
company's credit quality in the medium term.

Contact: Jeanette Ward, Melbourne (61) 3-9631-2075


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


CHINA NAN: Unveils Circular, Prospectus Update
----------------------------------------------
Reference is made to the announcements of China Nan Feng Group
Limited dated 1 September 2003 and 5 November 2003 and the
circular of the Company dated 6 November 2003 (the Circular) in
relation to, among other things, (i) the share consolidation;
(ii) the capital reorganization involving the capital reduction,
the share premium cancellation and the subdivision; (iii) the
Creditors' Scheme involving the connected transaction; (iv) the
Open Offer; and (v) the Whitewash Waiver.

In a disclosure to the Stock Exchange of Hong Kong Limited, the
Directors announced that the copies of the prospectus dated 8
April 2004 (the Prospectus) containing further information in
relation to the Open Offer, including procedure for acceptance
of Offer Shares, together with the Open Offer application forms,
has been dispatched to the Qualifying Shareholders on 8 April,
2004. Copies of the Prospectus have also been dispatched to
Overseas Shareholders on 8 April 2004 for their information.

However, as the Offer Shares have not been provisional allotted
to the Overseas Shareholders, no Open Offer application form has
been sent to the Overseas Shareholders.

As at the date of this announcement, Tam Jin Rong, Tao Ke Wei,
Tam Kai On and Ko Chung Ting, Peter are executive directors of
the Company, and Lau Kwok Wah and Choy Sai Man are independent
non-executive directors of the Company.

By Order of the Board
China Nan Feng Group Limited
Tao Ke Wei
Executive Director

For additional information, go to
http://bankrupt.com/misc/tcrap_nanfeng.pdf


NEW WORLD: Selling Residential Units
------------------------------------
New World Development Co.'s intended selling prices for its
residential units at 11 Bonham Road will be 10 percent higher
than those of its units at 2 Park Road, which are $6,000-9,000
per square foot, Infocast News reports. The minimum price for a
unit at the Bonham Road project is estimated at about HK$5
million.

According to TCR-AP, trading in shares of New World Development
was suspended last week pending the release by the Company of
the announcement in relation to certain price-sensitive
information of the Company.


PACIFIC DIRECTIONS: Issues Notice to Creditors to Prove Debts
-------------------------------------------------------------
Notice is hereby given that the creditors of Pacific Directions
Communications Limited, whose debts or claims have not already
been admitted, are required on or before 28 April 2004 to prove
by affidavit their debts or claims by sending in their names,
addresses and descriptions and full particulars of their debts
or claims, and the names and addresses of their Solicitors (if
any) to the undersigned Liquidators of the said Company.

In default of complying with this Notice, such creditors will be
excluded from the benefit of any distribution made before such
debts or claims are proved and/or from objecting to any
distribution made before such priorities are established.

Julian Kai Wo Chow
Natalia Seng
Joint and Several Liquidator
28/F, BEA Harbour View Centre
56 Gloucester Road
Wanchai, Hong Kong

The Quamnet Gazette announcement is dated 13 April 2004.


SYSCAN TECHNOLOGY: Narrows 2003 Net Loss to HK$15M
--------------------------------------------------
Syscan Technology Holdings Limited posted a narrower net loss of
HK$14.651 million for 2003, versus a net loss of HK$27.111
million a year earlier, according to Infocast News. No final
dividend was declared.


SYSCAN TECHNOLOGY: AGM Set May 7
--------------------------------
Notice is hereby given that an Annual General Meeting (AGM) of
the members of SYSCAN Technology Holdings Limited will be held
at Function Room I, Ground Floor, City Garden Hotel, 9 City
Garden Road, North Point, Hong Kong on Friday, 7 May 2004 at 10
a.m. for the following:

1. To receive and consider the audited consolidated financial
statements and the Reports of the Directors and of the Auditors
for the year ended 31 December 2003;

2. To elect Directors and to authorize the Board of Directors to
fix the remuneration of the Directors;

3. To re-appoint Messrs Charles Chan, Ip & Fung CPA Limited as
the Company's auditors and to authorize the Board of Directors
to fix their remuneration.

By order of the Board
SYSCAN Technology Holdings Limited
Cheung Wai
Chairman
Hong Kong, 8 April 2004

As at the date of the announcement, the Board of Directors
comprises Mr. Cheung Wai, Mr. Darwin Hu, Mr. Lo Wai Ming and Mr.
Fong Chi Wah.

This Stock Exchange of Hong Kong announcement was dated 8 April
2004.


WALCOM BIO-CHEMICALS: Yangtze Plans to List Firm on GEM
-------------------------------------------------------
Yangtze Ventures Management, 65 percent owned by Shui On
Construction and Materials (Socam), plans to list loss-making
Walcom Bio-Chemicals Industrial on the Growth Enterprise Market
(GEM) by the end of this year, according to The Standard.

"The group had been planning to list Walcom two years ago. But
the plan was put on hold due to weak sentiment after the
bursting of the technology bubble," Socam Vice-chairman Frankie
Wong said.

Walcom is a Hong Kong-based animal feed provider engaged in the
research, development, commercialization, production and
marketing of animal productivity and health products. The
Ministry of Agriculture in China approves its wares.


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


BANK TABUNGAN: To Issue Bonds To Finance Credit Expansion
---------------------------------------------------------
Bank Tabungan Negara (BTN) plans to issue Rp1 trillion worth of
bonds, to finance its credit expansion.  The bonds would consist
of Rp750 billion and subordinated bonds worth Rp250 billion,
which would mature in five years and 10 years respectively, Asia
Pulse reports citing the bank's president director Kodradi.

Mr. Kodradi said, the subordinated bonds carry a purchase option
in the fifth year and if not repaid the interest would increase
by 10 percent.

Proceeds from the issuance of bonds worth Rp750 billion would be
used to finance credit expansion, and those from subordinated
bonds worth Rp250 billion to raise the bank's capital.

PT Pemeringkat Efek Indonesia (Pefindo) assigned a BBB (stable
outlook) rating to the two types of bonds. The bonds would carry
fixed rates, which would be set after the book building was
completed, Mr. Kodradi said.


INDONESIAN SATELLITE: Offers 49% Stake of Unit for Sale
-------------------------------------------------------
A company official of PT Indonesian Satellite Corp. (Indosat)
said the company plans to sell 49 percent of its stake in
Cambodian Indosat Telecommunications S.A., or Camintel,
according to Dow Jones.  The government of Cambodia owns the
remaining 51 percent.

"We are offering the entire stake in the unit, and hope that the
sale can be completed this year," Indosat's spokesman Wahid
Sutopo said.  However, the company has not yet received any bids
for the unit.

The company's President Director, Widya Purnama, told local
media last week that Indosat also plans to sell its 97 percent
stake in an information technology unit, PT Sisindosat
Lintasbuana.

According to analysts, the stake sale will not mark significance
in Indosat's performance due to the low valuation of the units.


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


ISHIKAWAJIMA-HARIMA: Fitch Revises BBB- Rating Outlook
------------------------------------------------------
Fitch Ratings has revised the outlook on Ishikawajima-Harima
Heavy Industries Co. Ltd. (IHI)'s BBB- (BBB minus) senior
unsecured rating to negative from stable.

The Negative Outlook reflects larger-than-expected downward
revisions in projected earnings, uncertainty over the pace and
effectiveness of internal control/project risk management
reforms, and concerns over potential future provisioning related
to in-progress turnkey projects and fixed-price contracts.

The new outlook was triggered by IHI's announcement on 15 March
2004 that it was revising downward its forecast consolidated
operating and net profits to losses due to major increases in
provisioning. The increased provisioning was related to cost
overruns caused by understated initial cost projections on
large-scale turnkey projects won prior to fiscal year ending
March 2002.

As a result, focus has intensified on IHI internal project
bidding and risk management internal controls and the overall
effect on the operating and financial profile of IHI.

Higher supply costs as well as adverse exchange rate movements
also negatively affected operating profits. A rundown by segment
reveals operating losses were concentrated in the Energy & Plant
Division (loss of JPY20.0 billion widened from a loss of JPY 0.5
billion) and Shipbuilding & Offshore Development Division (loss
of JPY20 billion from breakeven) with smaller operating losses
forecast in the Industrial Machinery Division (loss of JPY3.5
billion from an operating profit of JPY2.0 billion). The
aforementioned losses are likely to be one-time in nature.
However they certainly have a negative affect on IHI's capital
structure and leverage. Providing they remain one time in
nature, they will only have a limited long-term impact on the
company's operating performance.

Recent reforms strengthening contract bidding and internal risk
management appear to be moving in the right direction but
concern remains over the company's long-term capacity to absorb
potential future cost-overruns and/or higher provisioning given
its low profit margins.

Fitch believes the next six to 12 months are highly critical for
IHI in presenting and implementing comprehensive and realistic
business and internal control plans, as well as demonstrating
verifiable long-term progress towards resolving its high
gearing. Fitch remains cautious and will carefully monitor
future financial and business developments, and will undertake
appropriate further rating action if necessary.

Contact:

Danyal Qazi     03-3288-2600
danyal.qazi@fitchratings.com

Satoru Aoyama     03-3288-2691
satoru.aoyama@fitchratings.com


KANEBO LIMITED: Kao CEO Exits, Denies Kanebo Link
-------------------------------------------------
Kao Corporation said its President and Chief Executive Takuya
Goto has decided to step down and Motoki Ozaki will assume the
post of board Chairman, Japan Times reports. Goto denied the top
management change has anything to do with the Company's aborted
acquisition of Kanebo Ltd.'s cosmetics business.

The reshuffle will take effect after a shareholders' meeting
June 29.

Kanebo in February snubbed Kao's offer to buy its cosmetics unit
and instead sought help from the governmental Industrial
Revitalization Corporation of Japan.


MITSUBISHI MOTORS: Daimler to Invest Another Y150B
--------------------------------------------------
DaimlerChrysler AG plans to spend 150 billion yen (US$1.43
billion) to take majority control of Mitsubishi Motors Co. as
early as 2006 to help revive the unprofitable carmaker,
Bloomberg News reported on Tuesday, 13 April.

The German company has separately agreed to invest 250 billion
yen this year, as part of a bailout plan with the Mitsubishi
group of companies.

Mitsubishi Motors, which makes Pajero sport-utility vehicles,
has been hurt after U.S. sales fell 26 percent following a
tightening of its loan policies to counter surging defaults. The
carmaker's brand image has also been hurt by a global recall of
more than 2 million vehicles.


MITSUBISHI MOTORS: Shares Up on Daimler Injection Report
--------------------------------------------------------
Mitsubishi Motors Co. shares increased 7.45 percent on Tuesday
on reports that its main shareholders, DaimlerChrysler and
Mitsubishi group, have agreed to inject up to 700 billion yen
(6.67 billion dollars) into the ailing Japanese automaker,
according to Channel News Asia.

The Yomiuri Shimbun and the Mainichi Shimbun reported, without
citing sources, that the major shareholders of Mitsubishi Motors
see a need for more funds for restructuring, and have decided to
provide more than the 500 billion yen initially projected.

Mitsubishi Motors has said it will not comment on the issue
until it announces restructuring plans at a shareholders'
meeting on April 30.


SHIRAKAWA K.K.: Metallic Product Manufacturer Goes Bankrupt
-----------------------------------------------------------
Shirakawa K.K. has entered bankruptcy, according to Teikoku
Databank America. The building metallic product manufacturer,
which is located at Kamaishi-shi, Iwate Japan, has total
liabilities of US$32.92 million.


TOSHIBA CORPORATION: Recalls Defective Television Sets
------------------------------------------------------
Toshiba Corporation said Monday it will recall, if customers
request, television sets of its 25-inch J-S52 and C-S60 models
for free replacement of defective parts, reports Kyodo News.

The Company produced a total of 147,503 units of the models
between September 1986 and June 1988 for sale in the Japanese
market. About 2,500 of these units are still in use, the Company
said.


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


ASIANA AIRLINES: Posts US$68.43M Profit in First Quarter
--------------------------------------------------------
Asiana Airlines posted a net profit of 78.2 billion won
(US$68.43 million) in the first quarter of this year on
increased sales, according to Yonhap News. Sales for the three-
month period posted 680.6 billion won, up 11.8 percent from a
year ago, thanks to increased demand, the company said.

The airline plans to sell its assets for 258.3 billion won
(US$219.8 million), as a part of its restructuring plan, TCR-AP
reported recently. The carrier also plans to scale back
unprofitable international routes.


HANARO TELECOM: To Move Headquarters to Downtown Seoul
------------------------------------------------------
Hanaro Telecom Inc. will move its headquarters from Ilsan to
downtown Seoul, Yonhap News reports. The broadband Internet
company will begin relocation from the first week of May and the
building at Ilsan, northwest of Seoul, will house the company's
call center and other auxiliary facilities.


HANARO TELECOM: Unveils 2004 Business Plan
------------------------------------------
The utmost goal for Hanaro Telecom Inc. in 2004 is to achieve
KRW 1.50 trillion in revenues and to achieve the first positive
turn of net profit since the first commercial service launch
through the improvement of the financial structure.

In a disclosure to the U.S. Securities and Exchange Commission,
the Company plans to make its second leap for a continuous
development.

In order to achieve this goal, Hanaro will 1) solidify its
position and improve earning ratio in the broadband Internet
market, 2) increase the market share in local telephone market,
and 3) strengthen the financial structure and management system
of the Company through flexible fund management such as,
investment efficiency increase in corporate leased line
business.


HANBO IRON: POSCO Eyes Bid
--------------------------
POSCO Co. plans to form a consortium to bid for the control of
Hanbo Iron & Steel, according to Yonhap News, citing Posco Vice
President Choi Kwang-woong.

Creditors have been struggling to find a buyer for Hanbo since
it collapsed under $4.4 billion of debt in 1997, TCR-AP reported
recently. A $377 million deal to sell the failed steel maker to
a local financial firm, AK Capital LLC, fell through last year
when the bidder failed to pay.


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


ANTAH HOLDINGS: Issues Litigation Update
----------------------------------------
The Board of Directors of Antah Holdings Berhad (Antah) wishes
to inform the following updates on the status of Antah's
involvement in litigation for the period from 11 March 2004 to 5
April 2004. The involvement in litigation has been divided into
three categories namely financial institutions, non-financial
institutions and corporate guarantee.

1. Financial Institutions

The status in respect of the claims made by the following
financial institutions.

No. Case Number     Status

1. Kuala Lumpur High Court Suit 24 June 2004/ Mention
No. D6-22-240-2003
EON Bank Berhad vs. Antah
Holdings Berhad

2. Shah Alam High Court Suit  Waiting for the Court's
No. MT4-22-921-2002  letter to inform the next
RHB Sakura Merchant Bankers hearing date.
Bhd vs.
Antah Holdings Berhad

3. Kuala Lumpur High Court Suit -Filed and served Stay
No. D1-22-280-2003  Application on 12 March
Mizuho Corporate Bank Ltd 2004
Vs Antah Holdings Berhad -Pending extraction of
      Seal copy of Stay
      Application

4. Kuala Lumpur Sessions Court 22 April 2004/Mention
Smn No. S8-52-16056-03
Southern Investment Bank
Berhad vs. Antah Holdings
Berhad

5. Kuala Lumpur Sessions Court 26 April 2004/Mention
Smn No. S2-52-16651-2003
Public Merchant Bank Berhad
Vs Antah Holdings Berhad

6. Kuala Lumpur High Court Smn -11 May 2004/Hearing for
No. D4-22-1401-2003  Summary Judgement
RHB Bank Berhad vs. Antah Application
Holdings Berhad

There are no material developments to the other claims by
financial institutions against Antah.

2. Non-Financial Institutions

The status in respect of the claims made by the following non-
financial institutions.

No. Case Number    Status

1. Kuala Lumpur High Court Suit 23 April 2004/Hearing
No. S3-22-483-2003  (ad interim Injunction
Ng Ah Hooi vs Antah Holdings granted against the
Berhad    plaintiff)

2. Shah Alam Sessions Court Smn 19 April 2004/mention
No. S4-52-4122-2003
Supermix Concrete (Malaysia)
Sdn Bhd vs
Antah Tristar Sdn Bhd &
Antah Holdings Berhad

3. Shah Alam Magistrate Court 25 May 2004/Mention
Smn No. 72-1905-2003
Global Max print Sdn Bhd vs
Antah Holdings Berhad

4. Shah Alam Sessions Court Smn 19 May 2004/Mention
No. S2-5034-03
Techvance Marketing Sdn Bhd
Vs
Antah Tristar Sdn Bhd and
Antah Holdings Berhad

5.  Shah Alam Sessions Court Smn Amicably settled and
No. 2-52-2569-2003  case has been withdrawn
Dato' Vijay Kumar Natarjan- with no order as to costs
Vs Antah Holdings Berhad on 6 February 2004

6.  Shah Alam Magistrate Court Amicably settled and
Smn No. 72-5078-2003  case has been withdrawn
Aura Capital Sdn Bhd vs  with no order as to costs
Antah Holdings Berhad  on 23 December 2003.

There are no material developments to the other claims by non-
financial institutions against Antah.

3. Corporate Guarantee

The status in respect of the claims made by the following
corporate guarantees, which have been provided by Antah.

No. Case Number    Status

1. Kuala Lumpur High Court Suit 12 April 2000/ Case
No. D2-22-653-03   Management
Bank Pertanian Malaysia vs
Pacific Asia Fishing Sdn Bhd
& Antah Holdings Berhad

There are no material developments to the other claims against
companies where Antah has provided corporate guarantees.

Discussions are currently ongoing with lenders and creditors for
the adoption of the proposed debt restructuring scheme.


BOUSTEAD HOLDINGS: Details Listing and Quotation of New Shares
--------------------------------------------------------------
Boustead Holdings Berhad wishes to announce that the additional
552,000 new ordinary shares of RM0.50 each issued pursuant to
the Bstead-Employees' Share Option Scheme were granted listing
and quotation with effect from 9 a.m., Tuesday, 13 April 2004.

This is a Kuala Lumpur Stock Exchange announcement.


CRIMSON LAND: Beginning Final Exercise of Warrants 1994/2004
------------------------------------------------------------
Crimson Land Berhad wishes to inform that the Company's Warrants
will expire at 5 pm on Monday, 17 May 2004.

In relation to this, trading in Crimson's Warrants will be
suspended effective 9 am on Wednesday, 28 April 2004 in order to
facilitate the exercise of the Warrants.

Please be advised that Crimson's Warrants will be removed from
the Official List of the Exchange effective 9 am on Tuesday, 18
May 2004.

Your attention is drawn to CRIMSON's notice to holders of the
Warrants dated 12 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


CSM CORPORATION: To Appeal SC Decision
--------------------------------------
CSM Corporation Berhad (CSM) would like to refer to the
announcement dated 30 March 2004.

Malaysian International Merchant Bankers Berhad, on behalf of
CSM, wishes to announce that the Board of Directors of CSM had
on 9 April 2004 appealed to the Securities Commission (SC) on
the rejection of the Company's application in relation the
Proposed Rescue cum Debt Restructuring Scheme.

For and on behalf of
CSM Corporation Berhad

Malaysian International Merchant Bankers Berhad

This announcement is dated 12 April 2004.
c.c. Issues and Investment Division
Securities Commission
(Attention: Encik Kris Azman Abdullah, Director)


EMICO HOLDINGS: Further Postpones Proposals
-------------------------------------------
Further to the announcement of 9 March 2004, Affin Merchant Bank
Berhad (Affin Merchant), on behalf of Emico Holdings Berhad,
wishes to announce that the Securities Commission (SC) had, via
their letter dated 9 April 2004 (received on 12 April 2004)
approved Emico's application for an extension of time to
implement the Proposed Debt Restructuring Scheme and the
proposed Employee Share Option Scheme (collectively referred to
as the Proposal).

Nevertheless, the SC has informed Affin Merchant that this will
be the final extension of time for the Company to implement the
Proposals.

This Kuala Lumpur Stock exchange announcement is dated 12 April
2004.


HAP SENG: Buys Back Ordinary Shares
-----------------------------------
Hap Seng Consolidated Berhad announces the buy back of ordinary
shares on 12 April 2004 on the Kuala Lumpur Stock Exchange.
Details are as follows:

Date of buy back:    12 April 2004

Description of shares
purchased:       Ordinary shares of RM1.00 each

Total number of shares
purchased (units):     30,000

Minimum price paid for
each share purchased (RM):     2.630

Maximum price paid for
each share purchased (RM):      2.680

Total consideration paid (RM):   9,973.17

Number of shares purchased
retained in treasury (units):      30,000

Number of shares purchased
which are proposed to be
cancelled (units):         32,805,600

Cumulative net outstanding
treasury shares as at
to-date (units):     0

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

Remarks :
cc: Securities Commission


HAP SENG: Releases Share Buy-back Details
-----------------------------------------
Hap Seng Consolidated Berhad posted the following notice on 12
April 2004 at the Kuala Lumpur Stock Exchange pertaining to the
buy back of shares by a company pursuant to Form 28B.

Date of shares sold from :         to:

Date of shares cancelled from : 01 April 2004  to: 07 April 2004

Number of treasury shares sold (units):

The minimum price at which the treasury
shares were sold (RM):

The maximum price at which the
treasury shares were sold (RM):

Total consideration received
for the treasury shares sold (RM):

The name of the Stock Exchange
through which the treasury
shares were sold:     Not Applicable

Total number of shares still
in treasury (units):     32,755,600

Number of treasury shares
cancelled (units):     241,000

Total issued capital
as diminished:      2,140,000

Date lodged with registrar
of companies:      12 April 2004

Lodged by  : Cheah Yee Leng

Remarks :
cc: Securities Commission


KILANG PAPAN: Seeks Further Extension
-------------------------------------
Kilang Papan Seribu Daya Berhad (KPSD) would like to refer to
the announcement made by AmMerchant Bank Berhad (AmMerchant
Bank) on 22 December 2003 with regards to an application made to
the Securities Commission (SC) by the Company to seek the SC's
approval for an extension of time of six (6) months from the
date of the submission of the revised restructuring scheme for
KPSD to implement and complete its proposed restructuring
exercise.

AmMerchant Bank, on behalf of the Company, wishes to inform
that, on behalf of the Company, another application has been
made to the SC to seek the SC's approval for a proposed
extension of time of six (6) months from the date of the SC's
approval letter on the revised restructuring scheme for KPSD to
implement and complete its proposed restructuring exercise. This
application will supercede the earlier application as described
in the above paragraph. The revised restructuring scheme for
KPSD is currently being finalized and will be submitted to the
SC for its consideration and approval in due course.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


LONG HUAT: Date Set For Unit's Petition Hearing
-----------------------------------------------
Long Huat Group Berhad wishes to refer to the earlier
announcement dated 23 March 2004.

The petitioners' solicitor, Messrs William Leong & Co, had
informed us that the hearing date for the winding up petition
served on Long Huat Development Sdn Bhd (LHDSB), a wholly owned
subsidiary of Long Huat Group, by Sim Huat Timber & hardware Sdn
Nhd and LTT Veneer (Singapore) Pte Ltd has been adjourned to 10
June 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


MALAYSIA MINING: Announces a Change in Registrar
------------------------------------------------
Malaysia Mining Corporation Berhad announced on 12 April 2004 a
change in the company registrar from Pernas Charter Mangement
Sdn Bhd to Signet Share Registration Services Sdn Bhd, whose
address is located at Level 26, Menara Multi Purpose, Capitol
Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur.

Signet may be reached at telephone number 03-27212222 and
facsimile number 03-27212530.

This change takes effect on 16 April 2004.


MBF HOLDINGS: Arab-Malaysian Acquisition Approved
-------------------------------------------------
MBF Holdings Berhad would like to refer to the announcements
dated 19 December and 24 December 2003 pertaining to the
acquisition of the entire issued and paid-up capital of Arab-
Malaysian Capital Markets Sdn Bhd (AMCMG) for a total cash
consideration of RM9,688,575.

MBF Holdings wishes to announce that the Foreign Investment
Committee (FIC), via its letter dated 29 March 2004 which has
been received on 9 April 2004 has approved the Acquisition. With
the approval of the Acquisition by the FIC, the parties are
working towards the completion of the transaction, anticipated
by 26 April 2004.

Yours faithfully,
For and on behalf of
MBf Holdings Berhad

Ding Lien Bing
Company Secretary

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004


OMEGA HOLDINGS: Issues Notice of Entitlements and Book Closure
--------------------------------------------------------------
Omega Holdings Berhad announces the issuance of entitlements and
a notice of book closure. The details are as follows:

EX-date:    16 April 2004

Entitlement date:   20 April 2004

Entitlement time:   5 PM

Entitlement subject:  Offer for Sale

Entitlement description:

Non-Renounceable Offer for Sale by Scheme Creditors Of Omega
Holdings Berhad (Omega) of up to 25,000,000 ordinary shares of
RM1.00 Each (Shares)in Energro Berhad (Energro) to the
Shareholders of Omega on the Entitlement Date payable in full
upon acceptance, on the basis of eight (8) Energro Shares for
each Energro Share held after the exchange of all the
298,949,331 Shares in Omega with 2,989,493 Shares in Energro on
the basis of one (1) new Share in Energro for every one hundred
(100) Shares held in Omega, at an offer price of RM1.00 per
share(Offer for Sale)

Period of interest payment:    to

For year ending/Period ending/ended:

Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the
entitlements:      to

Registrar's name ,address, telephone no:

Bina Management (M) Sdn Bhd,
Lot 10,The Highway Centre, Jalan 51/205,
46050 Petaling Jaya

Tel: 03-77843922

Payment date:

a) Securities transferred into the Depositor's Securities
Account before 4:00 pm in respect of transfers: 20 April 2004

b) Securities deposited into the Depositor's Securities Account
before 12:30 pm in respect of securities exempted from mandatory
deposit:

c) Securities bought on MSEB on a cum entitlement basis
according to the Rules of the MSEB.

Number of new shares/securities issued (units) (If applicable):

Entitlement indicator:   Ratio

Ratio:     8 : 1

Rights Issues/Offer Price:

Remarks

Omega had on 22 December 2003, obtained the approval of Malaysia
Securities Exchange Berhad (MSEB) for the period of the notice
of the book closing date for the Offer for Sale to be five (5)
clear market days instead of not less than twelve(12) clear
market days as required under Paragraph 9.19 of the LIsting
Requirements of MSEB.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


POS MALAYSIA: Replies To KLSE Query
-----------------------------------
POS Malaysia and Services Berhad would like to refer to the
Exchange's letter of 10 April 2004 in relation to the article
entitled "POSHLDG Surges on Talks of Disposal of Non-Core
Business" appearing in Nanyang Siang Pau, Nanyang Business
Section, page C5 on Saturday, 10 April 2004 in particular the
sentence ".......Pos Malaysia & Services Holdings Berhad intends
to dispose of 30 percent equity interest in a subsidiary in
exchange for shares in Transmile Group Berhad".

After an enquiry with a senior official of Pos Malaysia Berhad
(PMB), the Company would like to clarify that PMB, a wholly-
owned subsidiary of Pos Malaysia & Services Holdings Berhad
(PSH) is currently undergoing a review of its business
operations. The PMB senior official did not at any time
indicated specifically that PSH intends to dispose of 30 percent
equity interest in a subsidiary in exchange for shares in
Transmile Group Berhad.

The Kuala Lumpur Stock Exchange Query Letter reads as follows:

We refer to the above article appearing in Nanyang Siang Pau,
Nanyang Business Section, page C5, on Saturday, 10 April 2004, a
copy of which is enclosed for your reference.

In particular, we would like to draw your attention to the
underlined sentence, which states that Pos Malaysia & Services
Holdings Berhad intends to dispose of 30 percent equity interest
in a subsidiary in exchange for shares in Transmile Group
Berhad.

In accordance with the Exchange's Corporate Disclosure Policy,
you are requested to furnish the Exchange with an announcement
for public release confirming or denying the above reported
article and in particular the underlined sentence after due and
diligent enquiry with all the directors, major shareholders and
all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect.

In the event you deny the above sentence or any other part of
the above reported article, you are required to set forth facts
sufficient to clarify any misleading aspects of the same. In the
event you confirm the above sentence or any other part of the
above reported article, you are required to set forth facts
sufficient to support the same.

Please furnish the Exchange with your reply within one (1)
market day from the date hereof.

Yours faithfully
INDERJIT SINGH
Sector Head, Issues & Listing
Group Regulations
IS/CY
c.c. Securities Commission (via fax)

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


PROTON: Denies Plans To Sell Lotus
----------------------------------
Perusahaan Otomobil Nasional Berhad (Proton) would like to refer
to the news article entitled "Mahaleel: I am still Proton CEO,"
which stated that "...there were plans to sell Proton's Britain-
based Lotus unit as well." and would like to respond that the
news article is incorrect and purely speculative.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


PROTON: Appoints Board To Proton Holdings
-----------------------------------------
Perusahaan Otomobil Nasional (Proton) would like to refer to the
announcements dated 27 May 2003, 12 August 2003, 29 October
2003, 10 November 2003, 31 December 2003, 9 January 2004, 12
January 2004, 19 January 2004, 28 January 2004, 19 February 2004
and 11 March 2004 in relation to the Proposed Share Exchange,
Proposed Listing Transfer, Proposed Group Reorganization and
Proposed Exemptions (hereinafter collectively referred to as the
Proposals).

Commerce International Merchant Bankers Berhad, on behalf of
Proton, wishes to announce the appointment of the following
members to the Board of Directors of Proton Holdings Berhad
(Proton Holdings) on 12 April 2004:

Name         Designation

Y.Bhg. Dato' Abu Hassan bin Kendut    Chairman

Y.M. Tengku Tan Sri Dr. Mahaleel bin Tengku Ariff
Non-Independent
Executive
Director/Group
Chief Executive
Officer

Y.Bhg. Dato' Haji Abdul Majid bin Haji Hussein
Non-Independent
Non-Executive
Director

Y.Bhg. Lt. Gen (R) Dato' Seri Mohamed Daud
bin Abu Bakar  Independent Non-
Executive
Director

Y.Bhg. Datuk A. Razak bin Ramli
Non-Independent
Non-Executive
Director

Mr. Fumihiko Minami    Non-Independent Non-
      Executive Director

Encik Abdul Jabbar bin Abdul Majid Independent Non-Executive
      Director

Encik Md Ali bin Md Dewal   Independent Non-Executive
      Director

Encik Badrul Feisal bin
Abdul Rahim     Non-Independent Non-
      Executive Director

In addition, the following original directors of Proton Holdings
have resigned on 12 April 2004:

Name       Designation

Mr. Tan Seng Lee     Non-Independent Executive
      Director

Pn. Fadilat Ismail    Non-Independent Executive
      Director

Further to the above, the following directors of Proton Holdings
have also been appointed to the Audit Committee of Proton
Holdings on 12 April 2004:

Name       Designation

Encik Abdul Jabbar bin Abdul Majid Independent Non-Executive
      Director

Encik Md Ali bin Md Dewal   Independent Non-Executive
      Director

Badrul Feisal bin Abdul Rahim  Non-Independent Non-
      Executive Director

Y.Bhg. Lt. Gen (R) Dato' Seri
Mohamed Daud bin Abu Bakar   Independent Non-Executive
      Director

We also wish to inform that the date of admission of Proton
Holdings on to the Main Board of Malaysia Securities Exchange
Berhad is expected to be at 9 a.m. on Friday, 16 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


PROTON: Mahaleel Still Involved in Proton Holdings
--------------------------------------------------
Rumors that Perusahaan Otomobil Nasional Bhd (Proton) CEO Tengku
Tan Sri Mahaleel Ariff is on the way out have been quashed, The
Edge Daily reports.

Mahaleel has recently been appointed to the new board of Proton
Holdings Bhd, Proton's new holding company.

Earlier on Monday,April 12, Second Finance Minister Tan Sri Nor
Mohamed Yakcop said Mahaleel would stay on in his job as the CEO
of Proton until his contract expires in April next year although
there would be changes on the Proton board.

"But Tengku Mahaleel is not on the cards (regarding the
changes)," he told reporters after opening a conference on
Competing Globally: Be the Hunter- jointly organised by
Microsoft Malaysia and The Edge.

He said the board members would meet this week, and "it is just
a normal meeting". Asked if there was a tussle among the board
members of Proton, Nor Mohamed said, "It's just a storm in a
teacup."

Proton Holdings had announced late Monday, 12 April the
appointment of new board members including Mahaleel as a non-
independent executive director/ group chief executive officer.
Proton Holdings will be listed on the Malaysia Securities
Exchange Bhd effective 16 April 2004.

Proton Holdings, the new company to assume Proton's listing
status under a reorganization exercise via a share swap, will
have four units involved in manufacturing, marketing,
engineering services and property.


PROTON: Khazanah Denies Boardroom Coup Attempt
----------------------------------------------
Khazanah Nasional Bhd, Malaysia's investment arm has denied
there had been an attempted boardroom takeover as was recently
reported by a foreign wire agency and a local daily, according
to the Malaysian national news agency- Bernama.

Datuk Anwar Aji, managing director for Khazanah said the now
infamous April 6 meeting had indeed taken place but Datuk Abu
Hassan Kendut, Proton chairman was not present at the said
meeting because of pressing matters he had to attend to.

In his absence, Lt. Gen (R) Datuk Seri Mohamed Abu Bakar was
appointed to chair the meeting. There was no agenda or intention
to oust Tengku Tan Sri Dr Mahaleel Tengku Ariff as chief
executive officer of Proton.

Anwar also pointed out that Abu Hassan Kendut, who was
identified as the alleged coup instigator, was a member of the
Board and chairman of the Executive Committee (EXCO) of
Khazanah.

"His position as the chairman of Proton is to represent
Khazanah. He has not, at any point of time, acted on his own
accord and without the knowledge of Khazanah, as implied by the
article," Anwar said.

He added that any major decisions affecting an investee company
of Khazanah would normally be discussed at the EXCO level before
presenting it to Khazanah's board for decision.

The allegation that the coup was "led by Proton chairman Abu
Hasan Kendut on behalf of others" is again not true, he said.

"Khazanah strives to manage and protect its assets and
investments, to ensure value creation and maximize shareholder
returns in the long term," he said, "The directors are expected
to provide check and balance, innovative ideas to enhance
shareholders value including active monitoring on all its
investments."

He said that Khazanah, as the single largest shareholder of
Proton, had the responsibility to also protect the interest of
other shareholders of the company.


SRI HARTAMAS: Bartercard Unit In Creditor's Voluntary Winding Up
---------------------------------------------------------------
The Special Administrators of Sri Hartamas Berhad, being the
holding company of Bartercard Enterprise Sdn Bhd (BARTERCARD),
wish to inform the Exchange that the directors of BARTERCARD had
on 9 April 2004 resolved:

that the Company cannot by reason of its liabilities continue
its business and that it be wound up voluntarily;

that pursuant to Section 255 of the Companies Act, 1965, Tam
Kok Meng c/o Tam & Associates Corporate Services Sdn Bhd, D-8-3
Level 10 Block D Menara Uncang Emas, 85 Jalan Loke Yew, 55200
Kuala Lumpur, be and is hereby appointed Provisional Liquidator
for the purpose of the winding up; and

that separate meeting of members and creditors of the Company
be convened on 7 May 2004 pursuant to Section 255(1)(b) of the
Companies Act, 1965.

The aforesaid liquidation will not have any material financial
and operational impact on Sri Hartamas Group of Companies.

This announcement is dated 9 April 2004

Yours faithfully
For and on behalf of
Sri Hartamas Berhad - Special Administrators Appointed

Ooi Woon Chee
Special Administrator

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


TAJO BERHAD: Updates Saferay Acquisition Info
---------------------------------------------
Tajo Berhad (Tajo)/ Mithril Berhad (Mithril) would like to refer
to the announcements made by Public Merchant Bank Berhad (PMBB)
on 10 June 2002, 9 August 2002, 8 October 2002, 16 October 2002
and 31 December 2002 in relation to the proposed acquisition by
Tajo/Mithril of 100 percent of the equity interest of Saferay
(M) Sdn Bhd (Saferay) (Proposed Acquisition of Saferay).

Further to the announcements, PMBB wishes to announce that the
Proposed Acquisition of Saferay had been completed on 8 April
2004.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


TAJO BERHAD: Discloses Warrants, RCSLS, ICULS Features
------------------------------------------------------
Public Merchant Bank Berhad (PMMB), on behalf of Tajo Berhad
(Tajo)/ Mithril Berhad (Mithril), is pleased to announce the
salient features of Warrants B, Redeemable Convertible Secured
Loan Stocks (RCSLS) and Irredeemable Convertible Unsecured Loan
Stocks (ICULS) in relation to the listing of Tajo/ Mithril's
Warrants B, RCSLS and ICULS on the Second Board of Malaysia
Securities Exchange Berhad, details of which follow:

1. Issue date, expiry date and exercise period

The issue date, expiry date and exercise period for
Warrants B, RCSLS and ICULS are set out in Table 1 below.

   Issue Date   Expiry Date Exercise Period

a. Warrants B     6 April 2004  3 April 2009    From the
        beginning of the
        2nd year to the
        end of the 5th
        year

b. RCSLS  6 April 2004  5 April 2012     From the
        beginning of the
        2nd year to the
        end of the 8th
        year

c. ICULS  6 April 2004   3 April 2009   From the
        beginning of the
        2nd year to the
        end of the 5th
        year

2. Exercise/ Conversion price and conversion mode of the
Warrants B, RCSLS and ICULS

The exercise/ conversion price and conversion mode of the
Warrants B, RCSLS and ICULS are set out in Table 2 below.

  Exercise/Conversion Price Conversion Mode

Warrants B  The exercise price of the     Each warrant carries
  Warrants B shall be RM1.00    the entitlement, at
  Payable upon the exercise     any time during the
  Of each Warrants B  exercise period, to
       Subscribe for one (1)
       New Mithril Share at
       The exercise price

RCSLS  RM1.00 nominal amount of The RCSLS holders are
  RCSLS is convertible into entitled to convert
  One (1) new Mithril Share one (1) RCSLS into (1)
       New Mithril Share by
       Surrendering the RCSLS

ICULS  RM1.00 nominal amount of The ICULS holders are
ICULS is convertible into entitled to convert
(1) new Mithril Share  one (1) new Mithril
     Share by surrendering
     The ICULS. At the end
     Of the 5th year, the
     ICULS shall be
     Automatically
     Converted into new
     Mithril Shares.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


TAJO BERHAD: Reports Listing And Quotation Of New Shares
--------------------------------------------------------
Tajo Berhad (Tajo)/ Mithril Berhad (Mithril) wishes to inform
that the

(i) entire issued and paid-up share capital comprising
77,576,989 ordinary shares of RM1.00 each (Ordinary Shares)

(ii) 38,270,780 5-year Warrants B (Warrants B)

(iii) RM59,000,000 nominal amount of 3 percent 8-year Redeemable
Convertible Secured Loan Stocks (RCSLS)

(iv) RM60,700,000 nominal value of 8 percent 5-year Irredeemable
Convertible Unsecured Loan Stocks (ICULS)

will be admitted to the Official List of the Exchange, and the
listing and quotation of:

(i) these Ordinary Shares on the Second Board under "Industrial
Products" sector; and

(ii) the Warrants B, RCSLS and ICULS on the Second Board under
the "Loans" sectors

respectively, will be granted with effect from 9 a.m.,
Wednesday, 14 April 2004, on a "Ready" basis pursuant to the
Rules of the Exchange.

The Stock Short Name, Stock Number and ISIN Code of MITHRIL 's
ordinary shares are "MITHRIL", "8311" and "MYL8311OO002"
respectively.

The Stock Short Name, Stock Number and ISIN Code of MITHRIL's
Warrants B are "MITHRIL-WB", "8311WB" and "MYL8311WBJ46"
respectively.

The Stock Short Name, Stock Number and ISIN Code of MITHRIL's
RCSLS are "MITHRIL-LA", "8311LA" and "MYL8311LAM45"
respectively.

The Stock Short Name, Stock Number and ISIN Code of MITHRIL's
ICULS are "MITHRIL-LB", "8311LB" and "MYL8311LBJ49"
respectively.

Kindly refer to Tajo's announcements dated 9 & 12 April 2004 for
the salient features of Mithril's Warrants B, RCSLS and ICULS.

Following the completion of the Restructuring Scheme of TAJO, a
PN4 Condition company, the Company's ordinary shares and
warrants will be removed from the Official List of the Malaysia
Securities Exchange Berhad and MITHRIL will be admitted in place
of TAJO with effect from 9 a.m. Wednesday, 14 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


TAJO BERHAD: Announces Exercise Price of B Warrants
---------------------------------------------------
Further to the announcement dated 9 April 2004 with regards to
the salient features of Tajo Berhad (Tajo)/ Mithril Berhad's
(Mithril) Warrants B, Redeemable Convertible Secured Loan Stocks
(RCSLS) and Irredeemable Convertible Unsecured Loan Stocks
(ICULS), Public Merchant Bank Berhad, on behalf of Tajo/Mithril,
is pleased to announce that the exercise price of Warrants B
shall be RM1.00 payable entirely in cash upon the exercise of
each Warrants B.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


TAJO BERHAD: Updates Acquisitions and Debt Settlements Info
-----------------------------------------------------------
For consistency, the abbreviations used throughout this
announcement shall have the same meaning as previously defined
in Tajo Berhad's (Tajo) announcements dated 10 June 2002, 9
August 2002, 8 October 2002, 16 October 2002 and 31 December
2002 respectively.

We refer to the announcements made by Public Merchant Bank
Berhad (PMBB) on 10 June 2002, 9 August 2002, 8 October 2002, 16
October 2002 and 31 December 2002 in relation to the Proposed
MAAKK1 Acquisition and Proposed MAA Kuching Acquisition
respectively and the Proposed Debt Settlement.

Further to the announcements, PMBB wishes to announce that the
Proposed MAAKK1 Acquisition and Proposed MAA Kuching Acquisition
had been completed on 8 April 2004 and the Proposed Debt
Settlement had been completed on 12 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


TANJONG PUBLIC: Relates Listing and Quotation of New Shares
-----------------------------------------------------------
Kindly be advised that Tanjong Public Limited Company's
additional 107,000 new ordinary shares of 7.5 pence each issued
pursuant to the Tanjong-Employees' Share Option Scheme will be
granted listing and quotation with effect from 9 a.m.,
Wednesday, 14 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


WEMBLEY INDUSTRIES: Updates Info on Proposed Restructuring
----------------------------------------------------------
Further to the announcement dated 12 March 2004, Alliance
Merchant Bank Berhad (Alliance), on behalf of the Board of
Wembley Industries Holdings Berhad (WIHB), wishes to announce
that WIHB is currently finalizing its application to the
Securities Commission (SC) in relation to the proposed revision
to the Proposed Capital Reduction and consolidation; Proposed
Debt Restructuring; and Proposed Rights Issue (collectively
referred to as Proposals).

The Company intends to submit the application to the SC within
one (1) month from the date of this announcement, after
incorporating its latest audited consolidated results for the
financial year ended 31 December 2003 which, barring unforeseen
circumstances, are expected to be available by end April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 12 April
2004.


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


ABS-CBN BROADCASTING: Sets Annual Stockholders Meeting
------------------------------------------------------
ABS-CBN Broadcasting Corporation furnished the Philippine Stock
Exchange a copy of its SEC Form 20-IS (Definitive Information
Statement) in connection with its Annual Meeting of Stockholders
which will be held on April 29, 2004 at 8:00 a.m. at Studio 1,
ABS-CBN Broadcast Center Complex, Sgt. Esguerra Avenue corner
Mother Ignacia Street, Quezon City.

As previously announced, "(a)ll stockholders of record as of
March 15, 2004 are entitled to notice of and to vote at the
Company's Annual Stockholders' Meeting."

A copy of ABS' Definitive Information Statement shall be made
available for reference at the PSE Centre and PSE Plaza
libraries. The same shall likewise be made available for
downloading at the PSE website: www.pse.com.ph (under Listed
Companies).

For your information
(Original Signed)
MA. PAMELA D. QUIZON-LABAYEN
OIC, Disclosure Department


BALABAC RESOURCES: Answers PSE Query
------------------------------------
This refers to your letter dated April 12, 2004, informing us of
the unusual price movement in the trading of Balabac Resources
and Holdings Co. Inc. (BAL) shares today, April 12, 2004.

The increase was by 50 percent from PhP0.49 to PhP0.73 per
share.  Please be informed that we are unaware of any
information that may affect the value and trading of the Balabac
shares.

Very Truly yours,
Nestor C. Mendones
Chief Finance Officer


BANK OF AJUY: Issues Notice to Creditors
----------------------------------------
Please take notice that the Philippine Deposit Insurance
Corporation, as Liquidator of the Rural Bank of Ajuy (Iloilo),
Inc. will submit on April 2, 2004 at 8:30 A.M. to the
Liquidation Court (Regional Trial Court of Barotac Viejo,
Iloilo, Branch 66), the Project of Distribution of Liquidating
Dividends to creditors of the said bank for approval.

Philippine Deposit Insurance Corp.
Liquidator


BANK OF BANATE: Issues Notice to Creditors
------------------------------------------
Please take notice that the Philippine Deposit Insurance
Corporation, as Liquidator of the Rural Bank of Banate (Iloilo),
Inc. will submit on April 2, 2004 at 8:30 A.M. to the
Liquidation Court (Regional Trial Court of Barotac Viejo,
Iloilo, Branch 66), the Project of Distribution of Liquidating
Dividends to creditors of the said bank for approval.

Philippine Deposit Insurance Corp.
Liquidator


MANILA ELECTRIC: FPI Wants Immediate Refund
-------------------------------------------
The Federation of Philippine Industries (FPI) issued a statement
on Sunday demanding an estimated PhP16 to PhP18 billion refund
from Manila Electric Company (Meralco) as soon as possible, AFX
Asia reports citing the BusinessWorld newspaper.

Earlier, Meralco said it would seek approval from the Energy
Regulatory Commission to issue zero-coupon bonds to cover, in
part, refunds it has to make to commercial and industrial
customers.

The Supreme Court has ordered Meralco to return overcharges,
estimated at more than PhP30 billion pesos, to customers and the
company plans to implement the fourth and final phase of the
program, involving major users, next year.


NATIONAL POWER: To Conduct Study on Base Load Power Projects
------------------------------------------------------------
National Power Corp. has allocated PhP10 million for a conduct
on an engineering study of base load power projects to be used
as investment guide for prospective private investors interested
in building new power plants, The Philippine Star reports.

Napocor President Rogelio M. Murga said Napocor is already
looking for consultants for the engineering study.   The study
will be conducted for four priority sites namely, Isabela and
Ilocos Norte in Luzon, Cebu in the Visayas, and South Cotabato
in Mindanao.

The consultancy services will cover site selection; fuel supply;
plant optimization; plant layout; plant design configuration;
proect cost estimates; and economic and financial evaluation.

"The consultancy services shall be used to validate our own
findings. We have already gathered and compiled pertinent
information and data that will help investors assess the
viability of each project. In effect, we have already helped
shorten the process. Usually, pre-engineering studies have to be
undertaken as bases for feasibility studies. Now, all that is
needed is validation," Mr. Murga said.

This move is consistent with the Department of Energy's (DOE)
directive that a new consortium would be established for the
purpose of setting up new baseload power plants to be funded
through internally generated funds.

These power plants are expected to add 250 MW to 400 MW of
capacity in Luzon by January 2008. Energy Secretary Vincent S.
Perez also announced last week that another consortium will
construct a 200-MW baseload merchant power plant in the Visayas,
and a 200-MW coal-fired power plant in Mindanao. Said projects
will begin commercial operation by 2008 and 2006, respectively.


NATIONAL POWER: GSIS Seeks Aid to Cover Assets
----------------------------------------------
The government seeks for reinsurance companies to cover minor
policies of state-owned National Power Corp. (Napocor).  A joint
bidding committee composed of the Department of Finance, Napocor
and the Government Service Insurance System (GSIS) said the
bidding is open to both local and foreign reinsurance companies,
BusinessWorld Online reports.

The protection and indemnity cover, which has an indicative
budget of $202,325.85, will cover the period May 24, 2004 to May
24, 2005, the joint bidding committee said. The policy is being
rebid. However, those who bid for the policy the first time need
not pay the $200 fee, the committee added.

The motor vehicle fleet insurance, which has an indicative
budget of PhP8.073 million, will start on June 1, 2004 and end
on June 1, 2005, while the marine open policy, which has an
indicative budget of PhP30.375 million, will last for one year
starting June 23, 2004, the joint bidding committee said.

Applicants for the bidding are required to submit a letter of
intent to apply for eligibility and to bid as well as to pay a
nonrefundable fee of $200 for each of the policy applied for,
the joint bidding committee said.

Interested parties should submit their bids on May 19 to the
Finance Department. Eligibility and bid documents can be secured
at the Finance department from April 19 to May 18.

A pre-bid conference will be held on April 28.

The insurance company of the government, GSIS cannot provide the
insurance cover alone so the government looks for reinsurers to
help GSIS cover Napocor's assets.


NATIONAL POWER: 2003 Electricity Generation Increases by 2%
-----------------------------------------------------------
National Power Corp. posts a 2.0 percent increase in its
electricity generation for the whole year of 2003.  Napocor
recorded a 38,926 GWh electricity generation in 2003 compared to
a 38,158 GWh in 2002, according to the Manila Bulletin.

The Luzon grid accounted for the biggest generation at 25, 209
GWh or 64.76 percent, the power firm's Sales and Services said.
It can be seen from the data that the most significant change in
the generation mix would be the higher contribution of natural
gas-fired plants, of which share increased to 11.57 percent in
2003 from 7.87 percent in 2002.

"The most dramatic growth in terms of generation mix share was
posted by the natural gas plants, whose share shot up from 7.87
percent to 11.57 percent, year-on-year. Gross generation by the
gas-fired plants rose from 3,002 GWh to 4,505 GWh, year-on-
year," the state-owned power firm emphasized.

On a year-on-year basis, Luzon posted a 0.95 percent increase in
terms of its power output, from 24,971 GWh the previous year.
Second is the Visayas with 7,262 GWh or 18.66 percent, Mindanao
accounted for the remaining 16.58 percent or an equivalent of
6,455 GWh.

However, Mindanao accounts the highest increase based on demand
growth, with gross generation zoomed up by 8.07 percent year-on-
year, from 5,973 GWh in 2002.

It would be culled that demand growth in electricity has direct
correlation with economic activity; since the bulk of usage are
actually coming from commercial and industrial end-users.

Napocor also reported that coal-fired plants had the biggest
share of the total generation at 31 percent or 12,067 GWh. This
is lower though than the year-ago figure of 36.74 percent, or
14,018 GWh. (MMV)


NEGROS NAVIGATION: Manila RTC Grants Debt Reprieve
--------------------------------------------------
Negros Navigation Co. Inc. (Nenaco) has secured a court reprieve
on the payment of its PhP2.5 billion debt, effectively shielding
the company from any foreclosure proceedings, The Philippine
Star reports.

On April 1, the Manila Regional Trial Court issued a stay order
to Nenaco, which bars the shipping company from selling or
transferring any of its properties, except in the ordinary
course of business.

The Manila RTC also appointed Sulficio O. Tagud Jr. as
rehabilitation receiver for Nenaco, who is tasked with
overseeing the shipping company's financial transactions during
the rehabilitation period.  Mr. Tagud was formerly with the
Ayala Investment and Development Corp. and was a bank-shipping
specialist.

"We welcome both the stay order and the appointment of Mr. Tagud
as important early steps towards the implementation of our
rehabilitation program," Nenaco corporate information officer
Virgenito Torcal said.

The initial hearing of the petition for corporate rehabilitation
and suspension of debt payments of Nenaco has been set on May 7,
2004.


NEGROS NAVIGATION: To Sue Tsuneishi's President
-----------------------------------------------
During the Holy Week season, Tsuneishi representatives tried to
seize all of Negros Navigation Company's (Nenaco) boats wherein
thousands of passengers were scheduled to board, according to
The Manila Times.

The incident prompted Nenaco to file formal complaints before
the Japanese Embassy and the Department of Transportation and
Communication (DoTC) against the president of Tsuneishi Heavy
Industries (THI) for doing so.

"We deplore the manner in which Kenji Kawano, president of
Tsuneshi, ordered his representatives to seize our boats during
the weekend nearly leaving thousands of passengers stranded in
the ports, all over the Philippines," officials said in the
statement.

Furthermore, Tsuneshi has already "attached" one of Nenaco's
ships, valued at "four times more than Nenaco's debt to
Tsuneshi."

Since the filing, and in contravention of a Stay Order
protecting Nenaco assets from the Manila RTC, Tsuneishi has
nonetheless sought to seize other Nenaco vessels and disrupt the
company's passenger and freight cargo businesses, Nenaco
officials said.

"The action of Mr. Kawano is against the 'stay order' of the
Manila Trial Courts. But worse, his actions are against the best
interest of the riding public and the Filipino people that
Nenaco serves. We are presently reviewing what legal action we
can take against Kawano for harassing Nenaco and delaying our
passengers during the Holy Week," added Nenaco lawyers.

"We will not allow another Pearl Harbor to happen on Philippine
soil against a Filipino company serving the Filipino people. If
Kawano has differences with us, he should attempt to resolve it
within the law and never at the expense of the Filipino riding
public," Nenaco management said in the statement.


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


ADROIT INNOVATIONS: PT Perkasa Investment Approved
--------------------------------------------------
The Directors of Adroit Innovations Limited would like to
provide an update on the progress of the proposed acquisition of
51 percent of the enlarged share capital of PT Perkasa
Sterilindo (PTPS).

The Board of Directors is pleased to inform that the Company has
obtained the approval from the Investment Coordinating Board
(Badan Koordinasi Penanaman Modal or BKPM) for the proposed
investment by the Company.

BKPM is an investment service agency of the Indonesian
Government to implement the enactment of law on foreign as well
as domestic investment.

PTPS is currently a domestically owned enterprise, which
requires approvals from both BKPM and Ministry of Justice on any
foreign participation. The approval from BKPM paved the way for
the Company in obtaining clearance from the Ministry of Justice
on the proposed investment.

The Company will provide updates as further milestones are
achieved.

About PTPS

PTPS (www.indogamma.com) owns and operates the first and only
commercial gamma irradiation facility in Indonesia that uses
Gamma radiation produced by Cobalt 60 to treat or process
various foods for insect disinfestations, shelf life extension
and control of certain disease-causing microorganisms.
Additionally, the Company provides contract sterilization
service to the food packaging, medical device, cosmetic raw
materials, pharmaceutical containers and food ingredient
industries. Constructed in 1991 and implemented in 1995/96, the
facility owned and occupied by PTPS is approximately 20,000
square meters and located in Cibitung, Bekasi, about 35
kilometers east of Jakarta, Indonesia.

In consideration of the gamma radiation source, PTPS and its
facility have obtained international quality assurance standards
that are in compliance with the following:

- National Atomic Agency (BATAN) license in Indonesia;
- Investment Coordinating Board (BKPM) license in Indonesia;
- Department of Trade license in Indonesia;
- Department of Health license in Indonesia;
- Food Drug Administration Quality System Regulation compliance
in the United States;
- Food irradiation processes endorsed by the International
Atomic Energy Association and World Health Organization; and
- Quality assurance regularly audited by TUV in Germany.

About Gamma Irradiation

Gamma radiation sterilization is relatively simple and extremely
safe technology. The process consists of exposing products in an
irradiation chamber to a source of gamma radiation. This
destroys harmful microorganism while leaving the product
unaffected. In view of gamma radiation's ability to penetrate
material, products can be sterilized through airtight packaging.
Unlike other sterilization methods, gamma processing does not
cause any significant rise in temperature and is a distinct
advantage for heat sensitive products such as plastics. In a
non-contact process, gamma sterilization does not cause chemical
contamination and leaves no chemical residues.

The multiple applications of gamma irradiation include the
decontamination of food, pharmaceutical and biotechnology
products, sterilization of medical products and disposals and
curing of plastics.

Submitted by Chan Sing En, Managing Director
For and on Behalf of the Board on 12 April 2004 to the SGX


BBR GEOTECHNIC: Releases First Interim Dividend Notice
------------------------------------------------------
BBR Geotechnic (S) Pte Ltd (In Liquidation) issued a notice of
first and interim dividend:

Registered address: 50 Changi South Street 1 BBR Building
Singapore 486126.

Court: High Court of the Republic of Singapore.

Number of Matter: Companies Winding Up No. 600295 of 2001.

Amount per centum: 10 percent of all admitted ordinary claims.

First and final or otherwise: First Interim.

When payable: 23 April 2004.

Where payable: Chio Lim & Associates 18 Cross Street #08-01
Marsh & McLennan Centre Singapore 048423.

CHEE YOH CHUANG
LIM LEE MENG
Liquidators.

This Singapore Government Gazette announcement is dated 12 April
2004.


HONGBAO ENTERPRISE: Issues Winding up Order Notice
--------------------------------------------------
Hongbao Enterprise Pte Ltd issued a notice of winding up order
made on the 2 April 2004.

Name and address of Liquidator: The Official Receiver
Insolvency & Public Trustee's Office
45 Maxwell Road #05-11/#06-11
The URA Centre (East Wing)
Singapore 069118.

Messrs RAJAH & TANN
Solicitors for the Petitioner.

Note:

(a) All creditors of the company should file their proof of debt
with the liquidator who will be administering all affairs of the
company.

(b) All debts due to the company should be forwarded to the
liquidator.

This Singapore Government Gazette announcement is dated 12 April
2004.


HONG LEONG: Unit Enters Voluntary Liquidation
---------------------------------------------
Hong Leong Asia Ltd. has informed the Singapore Exchange
Securities Trading Limited that Qingdao Huarui Company Limited,
an associated company of the Company, incorporated in The
People's Republic of China, has been voluntarily liquidated.

Hong Leong Company Secretary Ng Siew Ping Jaslin submitted this
announcement to the Singapore Stock Exchange Limited on 13 April
2004.


HOTEL PROPERTIES: Associated Company To Sell Off Shares
-------------------------------------------------------
The Board of Directors of Hotel Properties Limited (HPL) wishes
to announce that its associated company, Canary Riverside Estate
Pte Ltd (CRE), a Singapore incorporated company in which it
holds 37.5 percent of the issued share capital through Canary
Riverside Holdings Pte Ltd, has entered into a Sale and Purchase
Agreement (the Sale and Purchase Agreement) with Octagon
Overseas Limited (Octagon), for the sale (the Sale) to Octagon
of:

(i) CRE's entire 100 percent shareholding in its indirect
wholly-owned subsidiary known as Canary Riverside Estate
Management Limited (CREM), a company incorporated in the United
Kingdom; and

(ii) CRE's interest in the freehold property registered at the
United Kingdom Land Registry with Title Number EGL 359129 (the
Freehold Property) held through its wholly-owned subsidiary,
CRE.

CapitaLand Limited holds the balance of 62.5 percent in Canary
Riverside Holdings Pte Ltd.

This Sale will result in CREM ceasing to be an associated
company of HPL.

Details relating to CREM and the Freehold Property

CREM is a company incorporated in the United Kingdom and owns
the following assets:

(i) the 999 year leasehold property known as Canary WF-1
Riverside, Westferry Circus, Canary Wharf, London;

(ii) the 999 year leasehold property known as Car Park, Canary
Riverside, Westferry Circus, Canary Wharf, London;

(iii) the 999 year leasehold property known as parts of
restaurant 37 and the first floor flat Belgrave Court and car
parking spaces 94 and 95 Westferry Circus, Canary Wharf, London;

(iv) the 999 year leasehold property known as the Health Club,
Pool and Lantern restaurant on the lower levels 1, 2 and ground,
first, second, third and fourth floor levels, Westferry Circus,
Canary Wharf, London; and

(v) the 999 year leasehold property previously known as the land
and airspace which now comprises Belgrave Court, Eaton House,
Berkeley Tower and Hanover House, Westferry Circus at Canary
Wharf Riverside Development, Canary Wharf, London,

(collectively referred hereinafter as the Leasehold Properties).

Based on the unaudited consolidated financial statements of the
Canary Riverside Group for the three months ended 31 March 2004
the book value of the Leasehold Properties amounted to
approximately 23 million.

The Freehold Property is located at Westferry Road, Docklands,
London E14. The land size is 2.0 hectares. It commands nominal
ground rent from the leaseholders. The Freehold Property is
being sold subject to existing occupational and residential
leases, including the leases in relation to the Leasehold
Properties, and other matters noted upon the title.

Consideration

The maximum consideration for the entire shareholding interest
in CREM and the entire interest in the Freehold Property is
1,999,323 (approximately S$6,139,122 based on an exchange rate
of S$1 to 0.32567), comprising 1,999,322 being the purchase
consideration for the shares in CREM (Share Consideration) and
1, being the purchase consideration for the interest in the
Freehold Property.

On completion, Octagon will also procure the repayment in cash
of an inter-company debt of 22,018,453 (approximately
S$67,609,862 based on an exchange rate of S$1 to 0.32567) by
CREM to Canary Riverside Properties Pte Ltd, another Singapore-
incorporated company in which HPL holds 37.5 percent of its
issued share capital.

The consideration was arrived at on a willing buyer-willing
seller basis and will be satisfied by Octagon in full by cash
except for 1,017,775 (Balance) being part of the Share
Consideration, of which 400,000 shall be paid in cash in four
consecutive equal monthly installments from the date of
completion, the first being payable on the date which is one
month from the date of completion. If the total amount of debts
owing to and prepayments by CREM at the date of completion
(Debts) realized by CREM within one year after completion exceed
the aggregate of 400,000 and the amount of outgoings being all
sums owed by CREM at completion (other than inter-company debt),
Octagon shall pay to CRE as additional Share Consideration, an
amount equal to 90 percent of the excess up to the maximum of
the balance of the 617,775 being the difference between the
Balance and 400,000. If the Debts realized after completion are
less than 400,000, CRE shall repay to Octagon by way of
reduction of the Share Consideration an amount equal to the
shortfall.

Rationale for the Sale

The Canary Riverside development is a mixed-use development
comprising 325 residential apartments, hotel, club, restaurants
and car-park. The sale of the residential apartments has been
largely completed and the investment properties are achieving
steady yields. It is therefore timely for the investment assets
to be divested to a buyer seeking such yields. The interest in
Four Seasons Hotel Canary Wharf will remain with the Canary
Riverside Group.

Financial Effects

The Sale is not expected to have any material impact on the
earnings per share and net tangible asset value per share of the
HPL Group based on the audited consolidated accounts of the HPL
Group for the year ended 31 December 2003.

Disclosure of Interest

None of the Directors, controlling shareholders or substantial
shareholders of the Company has an interest, direct or indirect,
in the above transaction.

By Order of the Board

Mr Boon Suan Lee & Ms Chuang Sheue Ling
Joint Company Secretaries
12 April 2004

Submitted by Ms Chuang Sheue Ling, Company Secretary on 12 April
2004 to the SGX


IMC TECHNOLOGIES: Court Sets Petition Hearing Date
--------------------------------------------------
Notice is hereby given that a Petition for the winding up IMC
Technologies Pte Ltd by The High Court was on the 30 March 2004
presented by Royal Melbourne Institute of Australia, a statutory
corporation incorporated under the Royal Melbourne Institute of
Technology Act 1992 of the State of Victoria, in Australia and
having its official office at 124 La Trobe Street, Melbourne,
Victoria, a creditor. The Petition will be heard before the
Court sitting at The High Court of Singapore at ten o'clock in
the morning, on the 23 April 2004. Any creditor or contributory
of the Company desiring to support or oppose the making of an
Order on the 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 Company requiring the copy of the Petition by the
undersigned on payment of the regulated charge for the same.

The Petitioner's official address is at 124 La Trobe Street,
Melbourne, Victoria.

The Petitioner's solicitors are Messrs Straits Law Practice LLC,
No. 133 New Bridge Road, #16-01/03-07/10 Chinatown Point,
Singapore 059413.

Messrs Straits Law Practice Llc
Solicitors for the Petitioners.

Note: Any person who intends to appear on the hearing of the
Petition must serve on or send by post to the Petitioner's
Solicitors, Messrs Straits Law Practice LLC of No. 133 New
Bridge Road, #16-01/03-07/10 Chinatown Point, Singapore 059413,
notice in writing of his intention to do so. The notice must
state the name and address of the person, firm, or his or their
solicitors (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 12 o'clock noon of the 22nd day of April 2004 (the
day before the day appointed for the hearing of the Petition).

This Singapore Government Gazette announcement is dated 12 April
2004.


JTA MOTORS: Releases Dividend Notice
------------------------------------
JTA Motors Pte Ltd. issued a notice of first and final dividend
as follows:

Address of Registered Office: Formerly of 9 Gul Lane Singapore
629408.

Court: Supreme Court, Singapore.

Number of Matter: Companies Winding Up No. 600148 of 2002.

Amount Per Centum: 32.7 percent

First and Final or otherwise: First & Final Dividend.

When Payable: 31 March 2004.

Where Payable: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118.

Toh Hwee Lian
Assistant Official Receiver.

This Singapore Government Gazette announcement is dated 8 April
2004.


L&M GROUP: CEO Resigns
----------------------
Edward Seky Soeryadjaya, chief executive and director of the
construction company L&M Group Investments Limited has resigned,
effective 8 April, Dow Jones reports.

Deputy Chairman Edwin Soeryadjaya has been appointed chief
executive in his place.

No other details were given.


LKN-PRIMEFIELD: Clarifies Business Times Report
-----------------------------------------------
LKN-Primefield Limited refers to the Singapore Exchange
Limited's query on the Business Times article entitled, "AXS to
roll out its kiosks around the world" on 12 April 2004 as to:

"Whether the information is accurate and whether material. If
material, kindly advise whether announcements regarding the
content contained in the article has been previously announced
(in particular report that AXS expects to break-even within the
next six months and also AXS is going abroad to Thailand,
Mexico, Dalian and talks with ChinaPay and other Chinese
partners)."

The Company wishes to clarify the following statements:

1) "The bill-payment aggregator and service provider expects to
break even within the next six months"

Clarification:

Based on projections, AXS InfoComm Pte Ltd expects to achieve
cash flow breakeven within the next 6 months.

2) "In the city of Dalian in China, the company is gunning for
rollout of 300 such kiosks within the next 18 months."

Clarification:

As mentioned in the Chairman's statement in our Annual Report
2003, through Beijing Xinhua-Primefield Technology Co., Ltd, a
memorandum of understanding has been signed with a partner in
Dalian, People's Republic of China, to assist in the development
of a citywide electronic service delivery platform. The relevant
parties are planning for such a rollout for 300 such kiosks
within the next 18 months.

3) "In Thailand, AXS signed a deal with an associate company of
the Telecomms Office of Thailand (TOT) to deploy up to 200 AXS
stations and their backend operations in Bangkok and other major
Thai cities."

Clarification:

The company that AXS is dealing with is not an associate company
of TOT, but is associated with TOT. A trial deal of an initial
10 stations was closed as mentioned in the Chairman's statement
in our Annual Report 2003. We are in the final stage of
discussion to provide additional 200 AXS stations and the
relevant software solution to a company associated with TOT.

4) "In Mexico, AXS is working with IE Singapore and the Infocomm
Development Authority of Singapore (IDA) to supply AXS stations
to the state government of Guanajuato."

No clarification needed.

5) "In addition, AXS is currently in talks with ChinaPay (Fu Fei
Tong) in Shanghai and other Chinese partners in Beijing and
Qingdao"

No clarification needed.

About AXS Infocomm Pte Ltd

AXS Infocomm was incorporated in March 2000 under the LKN-
Primefield Group of Companies and operates as a joint venture
between LKN-Primefield and Network Electronic Transfer(s) Pte
Ltd.

LKN-Primefiled Company Secretary Tan Lee Chin submitted this
announcement to the Singapore Stock Exchange Limited on 12 April
2004.


MICROFORM PRECISION: Releases Winding up Order Notice
-----------------------------------------------------
Microform Precision Industries Pte Ltd issued a notice of
winding up order made on 23 February 2004.

Name of Address of Liquidator: The Official Receiver
Insolvency & Public Trustee's Office
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118.

Messrs WEE, TAY & LIM
Solicitors for the Petitioners.
133 New Bridge Road
#19-09/10 Chinatown Point
Singapore 059413.

The Singapore Government Gazette announcement is dated 8 April
2004.


REEMARK SINGAPORE: Creditors Must Submit Claims by May 10
---------------------------------------------------------
Notice is hereby given that the creditors of Reemark Singapore
Exclusive Products And Services Pte Ltd (In Members' Voluntary
Liquidation), which is being wound up voluntarily, are required
on or before the 10 May 2004 to send in their names and
addresses, with particulars of their debts or claims and the
names and addresses of their solicitors (if any) to the
Liquidator of the said Company, and, if so required by notice in
writing from the said Liquidator, are by their solicitors, or
personally, to come in and prove their said debts or claims at
such time and place as shall be specified in such notice or in
default thereof they will be excluded from the benefit of any
distribution made before such debts are proved.

Michael John Holliman
Liquidator.
c/o 123 Penang Road
#07-12 Regency House
Singapore 238465.

This Singapore Government Gazette announcement is dated 8 April
2004.


SINGAPORE TELECOMMUNICATIONS: Presents New Collective Agreement
---------------------------------------------------------------
Singapore Telecommunications Limited (SingTel) announces it has
recently signed a new Collective Agreement for the company's
over 5,000 employees.

The new agreement presents improvements in work allowances,
flexible benefits and retirement awards.

For a full copy of the company release, please click on the
following link:

http://bankrupt.com/misc/SingTelCollAgreement14April2004.pdf


THAI VILLAGE: Oversea Unit Leases Property in Hanzhou, PRC
----------------------------------------------------------
The Board of Directors of Thai Village Holdings Ltd (the
Company) is pleased to announce that Thai Village Overseas
Ventures Pte Ltd (TVOV), a wholly owned subsidiary of the
Company, has entered into a tenancy agreement with an unrelated
Chinese party (the Landlord), pursuant to which the Landlord
agreed to lease certain premises located in Hanzhou, PRC (the
Premises) to TVOV for a period commencing from 1 May 2004 and
expiring on 30 October 2010. The Company intends to use the
Premises for the setting up of a new Thai Village restaurant
(the New Restaurant) in Hanzhou, PRC. The Company has submitted
an application to the relevant PRC authorities for a business
licence in respect of the New Restaurant. The Company expects to
receive the business licence by the end of April 2004 and the
New Restaurant to commence operations in June 2004.

Submitted by Lee Tong Soon, Chairman and Managing Director on 12
April 2004 to the SGX


WANT WANT: Presents 30 April AGM Agenda
---------------------------------------
Notice is hereby given that the Eighth Annual General Meeting of
Want Want Holdings Ltd (the Company) will be held at Rosewood
Room, Level 2, Orchard Hotel Singapore, 442 Orchard Road,
Singapore 238879 on 30 April 2004 at 9.30 a.m. to transact the
following business:

ORDINARY BUSINESS

1. To receive and consider the Directors' Report and Audited
Accounts for the financial year ended 31 December 2003 and the
Auditors' Report thereon.

2. To declare a First and Final Dividend of 35% or US$0.035 per
ordinary share of par value US$0.10 each tax exempt for the year
ended 31 December 2003.

3. To approve the Directors' fees for the year ended 31 December
2003.

4. To re-elect the following Directors retiring by rotation:

a. Tsai Eng Meng

b. Cheng Chiun Tar

c. Peng Yu Man

5. To re-appoint Deloitte & Touche as Auditors of the Company
and to authorise the Directors to fix their remuneration.

6. To transact any other business that may be transacted at an
Annual General Meeting.

SPECIAL BUSINESS

7. To consider and, if thought fit, to pass the following
ordinary resolution, with or without modifications:

"That pursuant to Section 161 of the Companies Act, Cap. 50 and
Rule 806(2) of the listing rules of the Singapore Exchange
Securities Trading Limited, authority be and is hereby given to
the Directors to issue shares and convertible securities in the
capital of the Company (whether by way of rights, bonus or
otherwise) at any time and upon such terms and conditions and
for such purposes and to such persons as the Directors may in
their absolute discretion deem fit provided that the aggregate
number of shares and convertible securities to be allotted and
issued pursuant to this Resolution shall not exceed fifty per
cent. (50%) of the issued share capital of the Company at the
passing of this Resolution, of which the aggregate number of
shares and convertible securities to be allotted and issued
other than on a pro rata basis to all shareholders of the
Company shall not exceed twenty per cent. (20%) of the issued
capital of the Company at the passing of this Resolution, and,
unless revoked or varied by the Company in general meeting, such
authority shall continue in force until the conclusion of the
next Annual General Meeting of the Company or the date by which
the next Annual General Meeting of the Company is required by
law to be held, whichever is earlier." [see Explanatory Note]

EXPLANATORY NOTE:

The Ordinary Resolution 7 proposed above, if passed, will
empower the Directors, from the date of the above Meeting until
the next Annual General Meeting, to allot and issue shares and
convertible securities in the Company. The number of shares and
convertible securities that the Directors may allot and issue
under this Resolution would not exceed fifty per cent. (50
percent) of the issued capital of the Company at the time of the
passing of this Resolution. For issue of shares and convertible
securities other than on a pro rata basis to all shareholders,
the aggregate number of shares and convertible securities to be
issued shall not exceed twenty per cent. (20%) of the issued
capital of the Company at the time of the passing of this
Resolution.

The percentage of issued share capital is based on the Company's
issued share capital after adjusting for (a) new shares arising
from the conversion of convertible securities or employee share
options on issue at the time this proposed Ordinary Resolution
is passed and (b) any subsequent consolidation or subdivision of
shares.

BY ORDER OF THE BOARD

Adams Lin Feng I
Director
12 April 2004

NOTE:

Every member of the Company entitled to attend and vote at the
Annual General Meeting may appoint not more than two proxies to
attend and vote in his stead. A proxy need not be a Member of
the Company. The instrument appointing a proxy must be deposited
at the Company's registered office at 400 Orchard Road #17-05
Orchard Towers, Singapore 238875 not less than 48 hours before
the time appointed for holding the Annual General Meeting or any
postponement or adjournment thereof.

Submitted by Adams Lin Feng I, Group Vice President and Director
on 12 April 2004 to the SGX


WANT WANT: Schedules Extraordinary General Meeting For 30 April
---------------------------------------------------------------
Notice is hereby given that an Extraordinary General Meeting of
Want Want Holdings Ltd (the Company) will be held at Rosewood
Room, Level 2, Orchard Hotel Singapore, 442 Orchard Road,
Singapore 238879 on 30 April 2004 at 10.00 a.m. (or as soon
thereafter following the conclusion or adjournment of the Eighth
Annual General Meeting of the Company to be held at 9.30 a.m. on
the same day and at the same place) for the purpose of
considering and, if thought fit, passing with or without
modifications, the following Resolution:

AS ORDINARY RESOLUTION

THAT:

(a) for the purposes of Sections 76C and 76E of the Companies
Act, Chapter 50 (the Companies Act), the exercise by the
Directors of the Company of all the powers of the Company to
purchase or otherwise acquire ordinary shares of US$0.10 each
(or such other par value for the time being) in the issued share
capital of the Company (Shares) not exceeding in aggregate the
Maximum Percentage (as hereafter defined), at such price or
prices as may be determined by the Directors from time to time
up to the Maximum Price (as hereafter defined), whether by way
of:

(i) on-market purchase(s) on the Singapore Exchange Securities
Trading Limited (SGX-ST); and/or

(ii) off-market purchase(s) (if effected otherwise than on the
SGX-ST) in accordance with any equal access scheme(s) as may be
determined or formulated by the Directors as they consider fit,
which scheme(s) shall satisfy all the conditions prescribed by
the Companies Act, and otherwise in accordance with all laws,
regulations and rules of the SGX-ST as may for the time being be
applicable, be and is hereby authorized and approved generally
and unconditionally (the Share Buy-Back Mandate);

(b) unless varied or revoked by the Company in general meeting,
the authority conferred on the Directors of the Company pursuant
to the Share Buy-Back Mandate may be exercised by the Directors
at any time and from time to time during the period commencing
from the date of the passing of this Resolution and expiring on
the earlier of:

(i) the date on which the next Annual General Meeting of the
Company is held; or

(ii) the date by which the next Annual General Meeting of the
Company is required by law to be held;

(c) in this Resolution:

"Maximum Percentage" means the number of Shares representing ten
per cent. (10%) of the issued ordinary share capital of the
Company as at the date of the passing of this Resolution; and
"Maximum Price" in relation to a Share to be purchased or
acquired, means the purchase price (excluding brokerage,
commissions, stamp duties, applicable goods and services tax and
other related expenses) which shall not exceed:

(i) in the case of a market purchase, one hundred and five per
cent. (105 percentage) of the average closing market price. For
this purpose, the average closing market price is the average of
the closing market prices of the Shares transacted on the SGX-ST
over the five (5) consecutive market days (on which transactions
in the Shares are recorded) immediately preceding the date of
the market purchase by the Company and deemed to be adjusted in
accordance with the listing rules of the SGX-ST for any
corporate action which occurs after the relevant five (5) day
period; and

(ii) in the case of an off-market purchase, one hundred and
twenty per cent. (120 percent) of the highest price a Share is
transacted on the SGX-ST on the market day (when transactions in
the Shares are recorded) immediately preceding the date of the
off-market purchase by the Company; and

(d) the Directors of the Company and/or any of them be and
are/is hereby authorized to complete and do all such acts and
things (including executing such documents as may be required)
as they and/or he may consider expedient or necessary to give
effect to the transactions contemplated and/or authorized by
this Resolution.

BY ORDER OF THE BOARD

Adams Lin Feng I
Director
12 April 2004

NOTES:

(a) Every Member of the Company entitled to attend and vote at
the Extraordinary General Meeting may appoint not more than two
proxies to attend and vote in his stead. A proxy need not be a
Member of the Company.

(b) The instrument appointing a proxy must be deposited at the
Company's registered office at 400 Orchard Road #17-05 Orchard
Towers, Singapore 238875 not less than 48 hours before the time
appointed for holding the Extraordinary General Meeting or any
postponement or adjournment thereof.

(c) The Company will use internal sources of funds, or a
combination of internal resources and external borrowings, to
finance purchases or acquisitions of its Shares. The amount of
financing required for the Company to purchase or acquire its
Shares, and the impact on the Company's financial position,
cannot be ascertained as at the date of this Notice as these
will depend on the number of Shares purchased or acquired, the
price at which such Shares are purchased or acquired and the
amount (if any) borrowed by the Company to fund the purchases.

An illustration of the financial effects of a purchase or
acquisition of Shares by the Company pursuant to the Share Buy--
Back Mandate on the audited accounts of the Company and its
subsidiaries, and the Company for the financial year ended 31
December 2003 is set out in paragraph 2.4 of the Circular to
Members dated 12 April 2004.

Submitted by Adams Lin Feng I, Group Vice President and Director
on 12 April 2004 to the SGX


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


PAE THAILAND: Relates Recent Developments on Amended Rehab Plan
---------------------------------------------------------------
Pae Thailand PCL confirms to the Stock Exchange of Thailand that
the Central Bankruptcy Court approved the Plan dated January 9,
2004 on February 23, 2004.

The Plan Administrator has distributed repayment to preferred
creditors and repayment of restructured debts to each group of
creditors according to the Plan. Consequently, the Plan
Administrator submitted a petition to terminate Rehabilitation
to the Central Bankruptcy Court, which schedule to adjudge the
cancellation of Rehabilitation on April 28, 2004.

Should you have any questions in relation to the above matter
please contact Khun Suwanna Thananupradit or Ian Pascoe.

Yours faithfully
GTT PLANNERS CO LTD

Ian Pascoe
DIRECTOR


SINO THAI: Submits Progress of Operating Results and Rehab Plan
----------------------------------------------------------------
Sino-Thai Resources Development PCL in coordination with Phillip
Securities (Thailand) Public Company Limited (the Financial
Advisor) submits to the Stock Exchange of Thailand its report on
the progress of financial restructuring, its operating results
and the rehabilitation plan during October 1, 2003 to March 31,
2004.

September 2003

-The company raised its capital by issuing new 5,000,000 shares
at par value of 10.00 baht each and allocated to two individuals
at 3.40 baht per share each.  The company registered the
changing of its paid-up capital from 150 million baht to 200
million baht.  Money raised
form the additional capital has been used for the company's
working capital.

November 2003

-The Company reported its operating results for 9 months ended
September 30, 2003 with net profits of 184.74 million baht,
resulted from 87.90 million baht profits from transfer of assets
and 108.60 million baht profit from debt restructuring.  The
actual operating results were 3.56 million baht loss, including
8.20 million baht reserved for asset devaluation.

December 2003

-Mr. Vichai Limpanyakul, Mrs. Karanjana Manathampaiboon, Mrs.
Suladda Asawapayukkul, Mrs. Jintana Surapanich and Mr. Kitti
Cheevakittigul, together as a group, had made a tender offer to
purchase 14,801,000 shares of the company, or 74.01 per cent of
the company's paid up capital.  The group announced its
intention to take over the company's business.

January 2004

-The tender offeror offered to purchase 5,199,000 shares of the
company, or 25.99 per cent of the issued shares at Baht 10.00
per share.

February 2004

-Shareholders submitted their intention to sell 650,000 shares
accounted for 3.25 per cent of the issued shares.  The offeror
purchased all the shares

-The company moved its head office

-The company appointed new directors to replace the resigned
directors
Comparison of the Company's actual performance for the year 2003
with the projection under the rehabilitation plan in compliance
with the Stock Exchange of Thailand requirements to refrain from
the grounds of delisting:

Summary of actual performance for the year 2003

-For the year 2003, the Company recorded total revenues of
130.74 million baht, 36.85 million baht lower than the
projection or 21.99 percent due to the exceptionally low revenue
from tin ore sales because, in the first quarter, the Company
sold 2 tin dredges and 3 tugboats.

The Company also relocated its tin dressing plant from No. 10
Soi Sapanhin, Ra-ngang district, Amphur Muang, Phuket to 46/11
Mu 6 Thepkasatthree Road, Ratsada district, Amphur Muang,
Phuket. Thus, output of tin ore had decreased, resulting the tin
ore sales down to Baht 19.11 million in the year 2003.

Sale revenue from the construction stone business was also lower
than projected due to the Company's reduction on its processing
in order to improve the quarry area, and also to repair and
replace deteriorated parts and equipment, and in the process,
reduced the Company's inventories. Since the Company liquidated
its 2 tin dredges, therefore, it has no revenue from dredge
rental.

In addition, the Company completed a loan restructuring with one
of its bankers on March 27, 2003, which freed the Company from
its obligation of 186.00 million baht loan plus 53.80 million
baht accrued interest. Therefore, the Company profits from this
asset transfer for 87.90 million baht and from debt
restructuring for 108.60 million baht.

However, there were 9.88 million baht reserved for asset
devaluation and the 26.87 million baht loss on asset
devaluation.  From the previous reasons, the Company's
performance for the year 2003 was reported with a net profit of
152.90 million baht, 49.32 million baht or 47.60 per cent higher
than 103.62 million baht forecasted in the projections.

Explanation on the significant variance of the actual
performance and projected Revenue from Tin Ore.  The company
forecasted revenue from sales of tin ore to be 124.42 million
baht. However, the actual revenue from sales of tin ore was
recorded at 19.11 million baht, a decline in production,
resulting from the selling of 2 dredges and 3 tug boats along
with the relocation of the Company's tin dressing plant; from
No. 10 Soi Sapanhin, Ra-ngang district, Amphur Muang, Phuket to
No. 46/11 Mu 6 Thepkasatthree Road, Ratsada district, Amphur
Muang, Phuket.

To view full copy of this press release, click
http://bankrupt.com/misc/strd041304.txt


                            *********


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