TCRAP_Public/040607.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

             Monday, June 7, 2004, Vol. 7, No. 111

                            Headlines

A U S T R A L I A

ARISTOCRAT LEISURE: Shares Up On Schwarzenegger Casino Deal
CARTER HOLT: To Return $A430M of Capital to Shareholders
GYMPIE GOLD: Unveils Outcome of Creditors Meeting
NYLEX LIMITED: Elects New Chairman


C H I N A  &  H O N G  K O N G

BROAD BILLION: Winding Up Petition Set June 23
CENTRE YICK: Winding Up Petition Scheduled June 23
HITCHMAN LIMITED: Winding Up Hearing Slated for June 30
HUGE TREASURE: Court Issues Winding Up Petition
LKC & ASSOCIATES: Winding up Hearing Slated for June 16

NEW INTERNATIONAL: Winding up Hearing Slated on June 30
QUANTUM COMMUNICATIONS: Winding up Hearing Set June 23
SHUTTLE (CHINA): Winding Up Hearing Scheduled on June 23
YUE YANG: Winding up Petition Scheduled on June 23


J A P A N

ALL NIPPON: Mulls 5% Hike on International Fares
JINNO K.K.: Printing Firm Goes Bankrupt
MITSUBISHI MOTORS: Issues Statement Regarding Past Recalls
MITSUBISHI MOTORS: Recalls More Vehicles
MITSUBISHI MOTORS: European Operations Post EUR180 Profit

MITSUBISHI MOTORS: JCR Downgrade Ratings
NISSAN MOTOR: Recalls Bluebird Vehicles
TOSHIBA CORPORATION: S&P Revises Rating Outlook to Stable
TOSHIBA CORPORATION: Dissolves Subsidiary


K O R E A

SSANGYONG MOTOR: Creditors Jumpstart Sale Talks

* Credit Card Firms Post 1Q04 KRW93.1B Loss


M A L A Y S I A

ADVANCE SYNERGY: Issues General Meetings Notice
AUTOINDUSTRIES VENTURES: Issues Notice On EGM
AUTOINDUSTRIES VENTURES: Issues AGM Notice
BESCORP INDUSTRIES: Issues Notice On Annual General Meeting
DENKO INDUSTRIAL: Details Proposed Liquidation

EMICO HOLDINGS: Completes Restructuring Scheme
INNOVEST BERHAD: Issues Notice On AGM  
INNOVEST BERHAD: Issues Recurrent Related Party Transactions
JOHOR PORT: Releases Minutes Of AGM
JOHOR PORT: Revenue Increases To RM313.43M

LEBAR DAUN: Issues Notice On EGM
MECHMAR CORPORATION: Submits Report On Group's Loan
MECHMAR CORPORATION: Details Unit's Disposal Of Vacant Lot
NEPLINE BERHAD: Sets AGM On June 28
PAN MALAYSIA: Director And Audit Committee Member Resigns

PROMTO BERHAD: Issues Clarification To Previous Announcement
PUNCAK NIAGA: AGM Slated For June 28
SELOGA HOLDINGS: Issues Notice On General Meetings
SUNWAY CITY: Issues AGM Notice
SUNWAY CONSTRUCTION: L' Grande Serves Third Party Notice To Unit

TENAGA NASIONAL: Issues Update On Proposed Divestment To KEV
TENAGA NASIONAL: Inks MOU With Turboinstitur Of Slovenia
TENAGA NASIONAL: Signs Agreement To Purchase Power Project


P H I L I P P I N E S

PHILIPPINE BANK: Annual Stockholders' Meeting Slated For July 15
VITARICH CORPORATION: Sets Stockholders Meeting On June 25


S I N G A P O R E

BROOK CROMPTON: Creditors Must Submit Claims by July 5
HOLY CHILD: Issues Notice to Creditors
KENTACO DESIGN: Issues Dividend Notice
NEWBREAD BAKERY: Issues Dividend Notice
PROFESSIONAL OUTSOURCING: Creditors Must Submit Claims by July 5


T H A I L A N D

CAPETRONIC INTERNATIONAL: Issues Tender Offer Update

     -  -  -  -  -  -  -  -    

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


ARISTOCRAT LEISURE: Shares Up On Schwarzenegger Casino Deal
-----------------------------------------------------------
Shares in Aristocrat Leisure rose Thursday after reports that
California Governor Arnold Schwarzenegger could allow an
unlimited number of slot machines in some of the state's
casinos, Asia Pulse reports. Aristocrat supplies slot machines
to casinos in a number of states in the U.S., including
California.

According to U.S. newspaper reports, Mr. Schwarzenegger is close
to sealing a deal with casinos run by four Indian tribes that
would remove the current limit in California of 2000 poker
machines per venue. In return, the tribes would pay the state
US$1 billion ($1.45 billion) between them and another US$250
million every year.

By 1140 AEST, Aristocrat shares were 11 cents or nearly three
percent higher at $4.67. The stock is now back above its
February 2003 level, when it plummeted in the wake of news that
poor U.S. performance and the loss of a key Colombian contract
had led to a shortfall in 2002 net profit.


CARTER HOLT: To Return $A430M of Capital to Shareholders
--------------------------------------------------------
Carter Holt Harvey, in a press release, announced it would
undertake a capital repayment of approximately half the proceeds
of the recent Tissue divestment but in any event not less than
$450 million.

On 2 June 2004, Carter Holt Harvey filed documents with the High
Court seeking initial orders in relation to the proposed return
of approximately $480 million of capital to shareholders on a
pro rata basis, by way of a scheme of arrangement.

Given the size of the capital return, an arrangement of this
nature is the most equitable way of achieving the company's
objective of returning capital to shareholders quickly. All
shareholders will be treated alike under this method and
relative holdings of shareholders will not be affected.

Approximately $480 million will be returned to shareholders with
the exact amount dependent on rounding of the number of shares
that will be cancelled when the capital is returned.

The High Court has today ordered that a special meeting of
shareholders be convened to consider the return of capital. The
arrangement requires approval by a special resolution of
shareholders. A special meeting of shareholders has been
scheduled for Thursday, 22 July 2004 at 2.00pm, at the Grand
Ballroom, Crowne Plaza Hotel, 128 Albert Street, Central
Auckland, New Zealand, to vote on a special resolution to
approve the scheme of arrangement.

Provided the company receives shareholder approval, it will seek
final orders from the High Court sanctioning the arrangement.
The company is targeting a return of capital to shareholders by
the end of August 2004.

For further information please contact:

New Zealand:

Bridget Beaurepaire
Manager Corporate Communications
Telephone:  +64 9 262 6175
Mobile:  0274 993 760
E-mail:  bridget.beaurepaire@chh.com

Australia:

Nigel Glennie
Manager Communications & Media
Telephone:  +61 3 9823 1635
Mobile:  0410 044 514
E-mail:  nigel.glennie@au.chh.com


GYMPIE GOLD: Unveils Outcome of Creditors Meeting
-------------------------------------------------
The Administrators, Murray Smith and Joseph Hayes, convened the
second meeting of creditors of Gympie Gold Limited (Receivers
and Managers Appointed) (Administrators Appointed) (GGL) and of
its eleven subsidiary companies.

In a press release, the creditors of GGL, Gympie Eldorado Gold
Mines Pty Ltd, Southland Coal Pty Ltd and Southland Mining Ltd
(all in receivership) voted that the meetings be adjourned until
Wednesday 28 July 2004, to provide further opportunity for a
Deed of Company Arrangement proposal to emerge from the sale
processes currently being conducted by the Receivers and
Managers.

If no proposals are received before 28 July 2004 then the
Administrators will have no alternative recommendation for
creditors other than to wind up these four companies. Under the
Corporations Law, the meetings cannot be adjourned for more than
60 days.

The meetings for GGL's other eight dormant subsidiaries were
adjourned for seven days automatically, as there was no quorum
present for these companies.

It is likely that there will also be no quorum for these
adjourned meetings and therefore the meetings will lapse and the
Administrations will then end for these eight companies.

Issued by:
Rebecca O'Keeffe, Corporate Communications
KPMG (03) 9288 5892

For a copy of the press release, go to
http://bankrupt.com/misc/tcrap_gympie0602.pdf


NYLEX LIMITED: Elects New Chairman
----------------------------------
Nylex Limited announced Wednesday the resignation of their
Chairman, Mr. Dick Nitto, to be replaced by current Non-
Executive Director, Mr. Ray King.

After 18 years in various positions overseas, Mr. Nitto and his
wife have decided to return to their home in the USA. Mr. Nitto
joined the (previous) Austrim Nylex Board on 27 August 2001 and
was elected Chairman in January 2002.

Mr. Nitto was Chairman during the period where the Company
reduced its debt by $270 million, organized a successful $100
million equity raising enabling the Company to negotiate new
terms with its banks.

Managing Director and Chief Executive, Glen Casey, paid tribute
to Mr. Nitto for his contribution and guiding the company
through a very difficult period.

Mr. King, a director since October 2003, has a strong record of
building successful businesses including:

a) 17 years as CEO of Mildara Blass

b) 3 years as Chairman of The King Island Company Chairman
since 1999 of successful turnaround McPhersons Limited

c) In addition, Mr. Peter George has been appointed a Non-
Executive Director of Nylex. He is also currently a Non-
Executive Director of PMP Ltd and B Digital Ltd, while being an
Executive Director of strategic advisory Company, PDG Pty Ltd.

For Further Information:
Glen Casey                                                
Managing Director & Chief Executive         
(613) 9533 9333                                       

Tim Allerton
City PR  
(612) 9267 4511

This is a company press release.


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


BROAD BILLION: Winding Up Petition Set June 23
----------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Broad Billion Investment Ltd by the High Court of Hong Kong was
on April 30, 2004 presented to the said Court by Bank of China
(Hong Kong) Limited whose registered office is situated at 14th
Floor, Bank of China Tower, No. 1 Garden Road, Central, Hong
Kong. The said Petition is directed to be heard before the Court
at 10 a.m. on the June 23, 2004 and any creditor or contributory
of the said company desirous to support or oppose the making of
an order on the said petition may appear at the time of hearing
by himself or his counsel for that purpose. A copy of the
petition will be furnished to any creditor or contributory of
the said company requiring the same by the undersigned on
payment of the regulated charge for the same.

TONY KAN & CO.
Solicitors for the Petitioner
Suite 1408, Hang Seng Building
No. 77 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 21st day of June
2004.


CENTRE YICK: Winding Up Petition Scheduled June 23
--------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Centre Yick Development Ltd by the High Court of Hong Kong was
on April 30, 2004 presented to the said Court by Bank of China
(Hong Kong) Limited whose registered office is situated at 14th
Floor, Bank of China Tower, No. 1 Garden Road, Central, Hong
Kong. The said Petition is directed to be heard before the Court
at 10 a.m. on the June 23, 2004 and any creditor or contributory
of the said company desirous to support or oppose the making of
an order on the said petition may appear at the time of hearing
by himself or his counsel for that purpose. A copy of the
petition will be furnished to any creditor or contributory of
the said company requiring the same by the undersigned on
payment of the regulated charge for the same.

TONY KAN & CO.
Solicitors for the Petitioner,
Suite 1408, Hang Seng Building
No. 77 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 21st day of June
2004.


HITCHMAN LIMITED: Winding Up Hearing Slated for June 30
---------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Hitchman Limited by the High Court of Hong Kong was on
May 10, 2004 presented to the said Court by Star World
Electronics Company Limited (in creditor's voluntary
liquidation) care of Messrs. Huen & Partners whose registered
office is situated at Units 3309-3311, 33rd Floor, West Tower,
Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong.  The
said Petition is directed to be heard before the Court at 10:00
a.m. on the June 30, 2004 and any creditor or contributory of
the said company desirous to support or oppose the making of an
order on the said petition may appear at the time of hearing by
himself or his counsel for that purpose. A copy of the petition
will be furnished to any creditor or contributory of the said
company requiring the same by the undersigned on payment of the
regulated charge for the same.

MESSRS. HUEN & PARTNERS
Solicitors for the Petitioner
Units 3309-3311, 33rd Floor West Tower
Shun Tak Centre
168-200 Connaught Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 29th day of June
2004.


HUGE TREASURE: Court Issues Winding Up Petition
-----------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Huge Treasure Far East Ltd by the High Court of Hong Kong was on
April 23, 2004 presented to the said Court by Chan Lai Ngan of
Flat 11, 2/F., Block B, Po Lai Court, Po On Road, Shamshuipo,
Kowloon, Hong Kong. The said Petition is directed to be heard
before the Court at 10:00 a.m. on the June 23, 2004 and any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose. A copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

Ms. ADA CHAU MING WAI
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 21st day of June
2004.


LKC & ASSOCIATES: Winding up Hearing Slated for June 16
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
LKC & Associates Ltd by the High Court of Hong Kong was on
April 2, 2004 presented to the said Court by B.S.C. Interior
Contract & Engineering Company Limited whose registered office
is situated at 19th Floor, Sino Favour Centre, 1 On Yip Street,
Chai Wan, Hong Kong. The said Petition is directed to be heard
before the Court at 9:30 a.m. on the June 16, 2004 and any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose. A copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

MESSRS. LU, LAI & LI
Solicitors for the Petitioner,
20th Floor, Gloucester Tower
The Landmark, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 15th day of June
2004.


NEW INTERNATIONAL: Winding up Hearing Slated on June 30
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
New International Groups Ltd by the High Court of Hong Kong was
on April 30, 2004 presented to the said Court by The Industrial
and Commercial Bank Of China, Shenzhen Branch whose principal
place of business is situated at North Block, Financial Centre,
Shennan Road East, Shenzhen, The People's Republic of China. The
said Petition is directed to be heard before the Court at 9:30
a.m. on the June 30, 2004 and any creditor or contributory of
the said company desirous to support or oppose the making of an
order on the said petition may appear at the time of hearing by
himself or his counsel for that purpose. A copy of the petition
will be furnished to any creditor or contributory of the said
company requiring the same by the undersigned on payment of the
regulated charge for the same.

KOO AND PARTNERS
Solicitors for the Petitioner,
21st Floor, Bank of China Tower
No. 1 Garden Road, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 29th day of June
2004.


QUANTUM COMMUNICATIONS: Winding up Hearing Set June 23
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Quantum Communications Ltd by the High Court of Hong Kong was on
April 22, 2004 presented to the said Court by New World
Telecommunications Limited whose registered office is situated
at 17th Floor, Chevalier Commercial Centre, 8 Wang Hoi Road,
Kowloon Bay, Hong Kong. The said Petition is directed to be
heard before the Court at 9:30 a.m. on the June 23, 2004 and any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose. A copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

JOHNSON STOKES & MASTER
Solicitors for the Petitioner,
18Tth Floor, Prince's Building
10 Chater Road, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 21st day of June
2004.


SHUTTLE (CHINA): Winding Up Hearing Scheduled on June 23
--------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Shuttle (China) Ltd by the High Court of Hong Kong was on April
28, 2004 presented to the said Court by Bank of China (Hong
Kong) Limited whose registered office is situated at 14th Floor,
Bank of China Tower, No. 1 Garden Road, Central, Hong Kong. The
said Petition is directed to be heard before the Court at 9:30
a.m. on the June 30, 2004 and any creditor or contributory of
the said company desirous to support or oppose the making of an
order on the said petition may appear at the time of hearing by
himself or his counsel for that purpose. A copy of the petition
will be furnished to any creditor or contributory of the said
company requiring the same by the undersigned on payment of the
regulated charge for the same.

GALLANT Y.T. HO & CO.
Solicitors for the Petitioner,
4th Floor, Jardine House
No. 1 Connaught Place, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 29th day of June
2004.


YUE YANG: Winding up Petition Scheduled on June 23
---------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Yue Yang Development Company Ltd by the High Court of Hong Kong
was on April 28, 2004 presented to the said Court by Gordon
(H.K.) Designer & Engineer Limited whose registered office is
situated at 8th Floor, CMA Building, 64-66 Connaught Road
Central, Hong Kong. The said Petition is directed to be heard
before the Court at 10:00 a.m. on the June 23, 2004 and any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose. A copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

CHAN, EVANS, CHUNG & TO
Solicitors for the Petitioner,
8th Floor, CMA Building
Nos. 64-66 Connaught Road, Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 21st day of June
2004.


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


ALL NIPPON: Mulls 5% Hike on International Fares
------------------------------------------------
All Nippon Airways Co. (ANA) plans to raise international
passenger fares by five percent to counter a spike in oil
prices, according to Reuters, citing ANA Chief Executive Yoji
Ohashi.

Despite the recent record-breaking increase in fuel costs, the
company is sticking with its consolidated operating profit
forecast of JPY56 billion (US$504 million) for the year ended
April 1.  

Earlier, ANA said it expects international flights to post a
recurring profit for the first time since the service was
offered in 1986.  It expects international passengers to
increase by 16 percent to 3.83 million this year.


JINNO K.K.: Printing Firm Goes Bankrupt
---------------------------------------
Jinno K.K. has entered bankruptcy, according to Teikoku Databank
America. Based in Osaka-shi, Osaka Japan, the printing company
has total liabilities of US$33.33 million.


MITSUBISHI MOTORS: Issues Statement Regarding Past Recalls
----------------------------------------------------------
In Mitsubishi Motors' business revitalization plan announced on
May 21, the company made a public pledge to turn itself into a
trustworthy corporation by returning to the basics of placing
top priority on customers, safety, and quality while also
reforming its corporate culture and increasing transparency.

As part of upholding this pledge and implementing its
principles, the company formed an investigative team to ensure
traffic safety and dispel concerns held by customers over the
company's vehicles.

In a Company press release, the team conducted a thorough
investigation of "repair directives," known within the company
as shiji-kaishu, issued to dealers to carry out repairs before
any decision had been made as to the necessity for notifying the
authorities about a recall or other matter. The investigation
covered all repair directives stretching back to December 1993,
the earliest possible date at which it is now possible to
ascertain when such directives were issued.

As a result of the investigation, the company has decided to
implement the measures outlined below. Mitsubishi Motors deeply
apologizes for having to carry out these measures, including
recalls, now for problems that occurred in the past, thereby
considerably damaging public and consumer trust in the recall
law.

1. Mitsubishi Motors has not issued any repair directives since
July 2000 when the Company's recall problems came to light. The
company is taking this opportunity to rid itself of all past
problems and mistakes and take the first step towards becoming a
renewed Mitsubishi Motors.

2. Since October 2000, Mitsubishi Motors has appropriately
processed its product information reports and promptly
implemented post-market measures when necessary. The company
will conduct even stricter auditing of these processes in
future.

3. The investigation discovered that repair directives issued as
far back as December 1993 totaled 91, including 56 that fall
under the area of service campaigns as outlined by Japan's
Ministry of Land, Infrastructure and Transport. In addition to
this, another case was pointed out by a media report in May
1993, bringing the overall total to 92.

4.1 Thirty of the repair directives fall under the scope of
recalls as outlined by the Ministry. However, after checking the
product information reports for the past three years, the
company has confirmed that no accidents involving damage to
property or personal injury have occurred.

4.2 Post-market measures were implemented following the correct
procedures for four of the cases mentioned in 4.1 (two before
July 2000 and two after August 2000).

4.3 Receiving guidance from the Ministry, Mitsubishi Motors has
decided to carry out post-market measures for the remaining 26
cases to mark the start of its business revitalization. Of these
26 cases, the company will submit a recall for the airbag in its
Galant sedan on Friday June 4. Post-market measures for the
other cases will be implemented promptly.

4.4 Fifteen of the remaining 26 cases relate to defects that
only occur in early production models and as more than seven
years have passed since manufacture, it can be assumed that no
defects will occur. However, the company has decided to
implement post-market measures for these vehicles too.

5.1 Six of the repair directives fall under the scope of
improvement measures as outlined by the Ministry. However, after
checking the product information reports for the past three
years, the company has confirmed that no accidents involving
damage to property or personal injury have occurred.

5.2 Post-market measures were implemented following the correct
procedures for two of the six cases mentioned in 5.1 in November
1997.

5.3 The remaining four cases of the six mentioned above include
models in which improvement measures have already been completed
on all vehicles and cases related to defects that only occur in
early production models where it can be assumed that no defects
will occur.

6. A total of 56 cases that come under the scope of service
campaigns exist, including four cases in which post-market
measures have been carried out following the correct procedures
(one in March 1993 and three in May 2002). To put customers
first, the company will implement service campaigns or inform
customers and take appropriate steps for the remaining 52 cases.

7. The results of the company's investigation into repair
directives are as outlined above. However, Mitsubishi Motors
will continue investigations with the Ministry and take the
appropriate steps.  


MITSUBISHI MOTORS: Recalls More Vehicles
----------------------------------------
Mitsubishi Motors Corporation announced yet another recall of
about 347,000 passenger cars globally as its share price dropped
6.54 percent on the Tokyo stock market, according to the
Business Report.

The troubled carmaker recalled 116,352 vehicles in Japan,
including its popular Pajero sports utility vehicle, to change
defective parts in the rear-wheel shaft, bumpers and signal
indicators.

The recall covers 10 models made between October 1998 and
February 2004 for the Japanese market. An additional 231,000
vehicles - the Pajero and the Carisma sedan - would also be
subject to a recall overseas, depending on local regulations.


MITSUBISHI MOTORS: European Operations Post EUR180 Profit
---------------------------------------------------------
For the fiscal year 2003, the European operations of Mitsubishi
Motors Corporation booked an operating profit of EUR180 million
compared to a loss of EUR174 million a year earlier, Auto
Industry said.

Mitsubishi Motors Europe B.V. (MME) sold 207,939 units in
calendar year 2003, an increase of 2.4 percent over 2002 in the
36 countries it operates in.  According to the online industry
paper, the sales increase is the company's first since 1999.

MME's plans to launch 10 new models between the current
financial year and fiscal 2007 as part of a campaign to help the
Japanese carmaker return to profitability.


MITSUBISHI MOTORS: JCR Downgrade Ratings
----------------------------------------
Japan Credit Rating Agency (JCR) has downgraded the ratings on
senior debts and Euro Medium Term Note Program of Mitsubishi
Motors Corporation from B+ and B to B- and CCC, respectively
while affirming the NJ rating on the CP program of the issuer.
JCR places the ratings under Credit Monitor, continually.

Senior Debts

CP:
Maximum: Y250 billion
Backup Line: 0%

Euro Medium Term Note Program:

Issuers:
Mitsubishi Motors Corporation,
Mitsubishi Motors Credit of America, Inc. and
MMC International Finance (Netherlands) B.V.
Maximum: equivalent of US$4 billion
Maturities: 1 month - 30 years
Note: Keep Well Agreement has been entered into between each of
the subsidiaries and the parent company.

RATIONALE

JCR has been concerned about high probability that lowering
brand image due to the tire coming-off problem of Mitsubishi
Fuso Truck & Bus would pose an impediment to improvement in
earnings of Mitsubishi Motors Corporation (MMC). Domestic sales
of new vehicles for May dropped a year-on-year 38.8%. Severe
business environment continues.

Additionally, MMC disclosed that there had been flaw in the
recall procedure for majority of vehicles before recall
concealment in 2000. MMC's revival plan announced in May showed
its road to enhancement of equity capital. It will be difficult
for MMC to restore for a short period of time the consumers'
confidence in it that was impaired significantly.

It is highly probable that scenario for recovery of earnings
envisaged in the plan will be revised downward. JCR downgraded
the long-term rating for MMC, believing the business risk has
risen. JCR will follow support from Mitsubishi group, progress
of restructuring and effectiveness of compliance.


NISSAN MOTOR: Recalls Bluebird Vehicles
---------------------------------------
Nissan Motor Co. will recall 73,556 Bluebird Sylphy passenger
cars to fix a defective computer program for controlling the
mixture ratio of air and gasoline inside an engine, Kyodo News
reports. The recall covers cars manufactured between July 2000
and December 2003.

Last month, Nissan said it posted a record net profit of
JPY503.7 billion in the past year to March, driven by the best
vehicle sales in 13 years, TCR-AP Vol. 7 No. 108 reports.


TOSHIBA CORPORATION: S&P Revises Rating Outlook to Stable
---------------------------------------------------------
Standard & Poor's Ratings Services revised the outlook to stable
from negative on its long-term corporate credit rating on
Toshiba Corporation (BBB-/Stable/A-3), reflecting stabilization
in the company's profitability and cash flow generation. At the
same time, Standard & Poor's affirmed its long-term and short-
term ratings on the company.

The stabilized performance follows Toshiba's cost reduction and
business restructuring measures, mainly in the electronic
devices segment. Its operating margin after depreciation has
improved consistently after falling to minus 2.1% in fiscal 2001
during the worst of the downturn in the company's performance.
However, the ratio (excluding one-time profits from pension
transfers to the government) rose only slightly in fiscal 2003,
to 2.3% from 2.0% the previous year.

The upturn in Toshiba's profitability has been driven in
particular by NAND-type flash memory, used in memory cards for
digital products, which the company is increasingly dependent on
as a profit source. Earnings from this business are unlikely to
deteriorate substantially in the short term, given the
relatively sound demand for flash memory and Toshiba's strong
business franchise.

In the longer term, it is uncertain whether Toshiba will be able
to sustain high profits from NAND flash memory, given the rapid
technological innovations in memory devices. Therefore, a key
factor for further improvement in its credit quality will be its
ability to diversify its profit sources and strengthen its
earnings base by enhancing profits from other strategically
important businesses, such as system LSI and digital media
products.

In fiscal 2003, Toshiba saw a return to profitability in the
digital products segment, which includes laptop computers. The
company expects this segment to be a pillar of earnings under
its midterm business plan. Although it is uncertain whether
Toshiba will achieve the full-scale recovery it expects in this
business, the company should be able to mitigate pressure on
earnings through its continued cost reduction efforts.

Toshiba's ratio of net debt to capital (excluding a financial
subsidiary) improved to 49% in fiscal 2003 from 56% a year
earlier (Standard & Poor's estimate). Excluding the impact of a
shift of some other consolidated non-financial subsidiaries to
equity method affiliates; this ratio would have improved to
about 50%. The improvements in the company's financial profile
are unlikely to be reversed, given the reduced likelihood of a
substantial deterioration in its business performance and
management's commitment to improving its financial profile.


TOSHIBA CORPORATION: Dissolves Subsidiary
-----------------------------------------
Toshiba Corporation will dissolve Toshiba Compressor (Taiwan)
Corporation (hereinafter called TCT), a 100 percent held
subsidiary, UK Wire reports. Details are as follows:

1. Reason for the dissolution

TCT was established for the purpose of manufacturing and
marketing household air conditioner compressors. The dissolution
is due to increased competition in the market and deteriorating
business results.

2. Outline of Toshiba Compressor (Taiwan) Corporation

Location:            Taoyuan Hsien, Taiwan
Representatives:     Hiroumi Hoshino, Chairman
                     Yasumi Irino, President

Business:            Manufacturing and marketing of household
                     air conditioner compressors

Capital:             1.1 billion Taiwan dollars
Stockholders:        Toshiba Corporation, 100%

3. Schedule for dissolution

   Resolution of TCT for dissolution: June 2004.

   Scheduled dissolution: October 2004.

4. Future prospect

The influence of this dissolution on Toshiba Corporation and
consolidated accounts of Toshiba Corporation will be minimal.

Contact: Naoto Hasegawa, General
Manager, Corporate Communications
Office Phone: 81 3 3457 2096


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


SSANGYONG MOTOR: Creditors Jumpstart Sale Talks
-----------------------------------------------
Creditors of Ssangyong Motor Co. have resumed talks with
Shanghai Automotive Industry (Group) Corporation and China
National Bluestar (Group) Corporation, Dow Jones reported on
Thursday.

In March, an initial deal to sell the debt-laden Korean
automaker to chemicals firm China National Bluestar fell apart
because of pricing differences.  Creditors say they will pick
the bidder with the best business plan and package for
employees.  They do not discount picking more than one preferred
bidder.

The sale of the 48.92% stake in Ssangyong will take up the form
of a closed bid, unlike the previous open bidding that failed,
the newswire said.


* Credit Card Firms Post 1Q04 KRW93.1B Loss
-------------------------------------------
LG Card and five other domestic credit card firms posted a
combined net loss of KRW93.1 billion in the first quarter to
March, sharply down from a KRW4.9 trillion loss in the previous
quarter, Digital Chosun reported on Thursday, citing the
Financial Supervisory Services.

LG Card swung to a profit of KRW121.1 billion in the first
quarter. BC Card and Lotte Card also recorded profits of KRW4.7
billion and KRW4.3 billion respectively. Meanwhile, Samsung
Card, which recently acquired Samsung Capital, suffered losses
of KRW206.7 billion due to an increase in bad loan provisions.
Hyundai and Shinhan Card posted losses of KRW11.3 billion and
KRW5.2 billion.


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


ADVANCE SYNERGY: Issues General Meetings Notice
-----------------------------------------------  
The Board of Directors of Advance Synergy Berhad announced that
the following meetings of the Company will be held at Dewan
Thai, City Villa Kuala Lumpur, 69 Jalan Haji Hussein, 50300
Kuala Lumpur on Tuesday, 29 June 2004:

Type of Meeting                          Time

80th Annual General Meeting (AGM)        2:30 p.m.

Extraordinary General Meeting (EGM)      2.45 p.m.

Or immediately following the conclusion or adjournment of the
80th AGM of the Company, whichever is the later.

To view a copy of the Notice click
http://bankrupt.com/misc/advancesynergy060404.doc  
To view a copy of the Notice click
http://bankrupt.com/misc/ADVANCESYNERGY060404_2.doc

This announcement is dated June 3, 2004


AUTOINDUSTRIES VENTURES: Issues Notice On EGM
---------------------------------------------
Notice is hereby given that an Extraordinary General Meeting
(EGM) of Autoindustries Ventures Berhad will be held at Melawati
Hall, De Palma Inn Shah Alam, Jalan Nelayan 19/15, Seksyen 19,
40718 Shah Alam, Selangor Darul Ehsan on Monday, June 28, 2004
at 10:30 a.m. or immediately after the conclusion or adjournment
(as the case may be) of the Annual General Meeting of the
Company which will be held on the same day and at the same venue
at 10:00 a.m., whichever is later, or at any adjournment
thereof, for the purpose of considering and, if thought fit,
passing with or without modifications, the following resolution:

Special Resolution

- Proposed Change of Company's Name from Autoindustries Ventures
Berhad to AV Ventures Corporation Berhad

"That, the name of the Company be changed from "Autoindustries
Ventures Berhad" to "AV Ventures Corporation Berhad" effective
on the date of the issuance of the Certificate of Incorporation
on Change of Name of the Company by the Companies Commission of
Malaysia. That all references in the Company's Memorandum and
Articles of Association to the name "Autoindustries Ventures
Berhad", wherever the same may appear, shall be deleted and
substituted with the name "AV Ventures Corporation Berhad" and
that the Directors and Secretary be and are hereby authorized to
carry out all the necessary formalities in effecting the
aforesaid change of name."

BY ORDER OF THE BOARD
LUM CHEE YENG (MAICSA 0880217)
SAW BEE LEAN (MAICSA 0793472)
Company Secretaries
Selangor Darul Ehsan
June 4, 2004

Notes:

(1) A member entitled to attend and vote at this meeting may
appoint a proxy or proxies to vote in his stead. Where a member
appoints two (2) or more proxies, the appointment shall be
invalid unless he specifies the proportion of his shareholdings
to be represented by each proxy. A proxy may but need not be a
member of the Company and a member may appoint any person to be
his proxy without limitation and the provisions of Section
149(1)(b) of the Companies Act 1965 shall not apply to the
Company.

(2) The instrument appointing a proxy, in the case of an
individual, shall be signed by the appointor or by his attorney
duly authorised in writing, and in the case of a corporation,
shall be either given under its common seal or under the hand of
an officer or attorney duly authorised.

(3) The instrument appointing a proxy must be deposited at the
Company's Registered Office at Lot 22225, Batu 7, Jalan Bukit
Kemuning, Section 32, 40460 Shah Alam, Selangor Darul Ehsan not
less than forty-eight hours before the time appointed for
holding the meeting or any adjournment thereof.


AUTOINDUSTRIES VENTURES: Issues AGM Notice
------------------------------------------
Notice is hereby given that the Annual General Meeting (AGM) of
Autoindustries Ventures Berhad will be held at Melawati Hall, De
Palma Inn Shah Alam, Jalan Nelayan 19/15, Seksyen 19, 40718 Shah
Alam, Selangor Darul Ehsan on Monday, June 28, 2004 at 10:00
a.m. for the following purposes:

AGENDA

As Ordinary Business

(1) To receive and adopt the Audited Financial Statements for
the year ended 31 December 2003 together with the Reports of the
Directors and the Auditors thereon.

Ordinary Resolution 1

(2) To approve the payment of Directors' Fees of RM78,000.00 for
the year ended 31 December 2003.

Ordinary Resolution 2

(3) To re-elect the following Directors who retire in accordance
with Article 86.1 of the Company's Articles of Association:

Haji Safar Bin Haji Awang Ordinary Resolution 3
Set Hin Fook Ordinary Resolution 4

(4) To re-appoint Messrs KPMG as Auditors of the Company and to
authorize the Directors to fix their remuneration.

Ordinary Resolution 5

As Special Business

Authority under Section 132D of the Companies Act, 1965 for the
Directors to issue shares

(5) That pursuant to Section 132D of the Companies Act, 1965,
the Directors be and they are hereby authorised to issue shares
in the Company at any time until the conclusion of the next
Annual General Meeting and upon such terms and conditions and
for such purposes as the Directors may, in their absolute
discretion, deem fit provided that the aggregate number of
shares to be issued does not exceed 10 per centum of the Issued
Share Capital of the Company for the time being, subject always
to the approval of all the relevant regulatory bodies being
obtained for such allotment and issue.

Ordinary Resolution 6

BY ORDER OF THE BOARD
LUM CHEE YENG (MAICSA 0880217)
SAW BEE LEAN (MAICSA 0793472)
Company Secretaries
Selangor Darul Ehsan
June 4, 2004

Notes:

(1) A member entitled to attend and vote at this meeting may
appoint a proxy or proxies to vote in his stead. Where a member
appoints two (2) or more proxies, the appointment shall be
invalid unless he specifies the proportion of his shareholdings
to be represented by each proxy. A proxy may but need not be a
member of the Company and a member may appoint any person to be
his proxy without limitation and the provisions of Section
149(1)(b) of the Companies Act 1965 shall not apply to the
Company.

(2) The instrument appointing a proxy, in the case of an
individual, shall be signed by the appointor or by his attorney
duly authorized in writing, and in the case of a corporation,
shall be either given under its common seal or under the hand of
an officer or attorney duly authorized.

(3) The instrument appointing a proxy must be deposited at the
Company's Registered Office at Lot 22225, Batu 7, Jalan Bukit
Kemuning, Section 32, 40460 Shah Alam, Selangor Darul Ehsan not
less than forty-eight hours before the time appointed for
holding the meeting or any adjournment thereof.

Explanatory Notes on Special Business

(4) The Ordinary Resolution 6, if passed, will empower the
Directors to allot and issue shares in the Company up to an
amount not exceeding in total 10 percent of the issued share
capital of the Company for such purposes as the Directors
consider would be in the interest of the Company. This
authority, unless revoked or varied by the Company at a general
meeting, will expire at the next Annual General Meeting.


BESCORP INDUSTRIES: Issues Notice On Annual General Meeting
-----------------------------------------------------------
Notice is hereby given that the Eleventh Annual General Meeting
of Bescorp Industries Berhad will be held at Subang 1 Room,
Sheraton Subang Hotel and Towers, Jalan SS12/1, 47500 Subang
Jaya, Selangor Darul Ehsan on Monday, 28th June, 2004 at 2.00
p.m. to transact the following businesses:

ORDINARY BUSINESS

(1) To receive and adopt the audited financial statements for
the year ended 31 December 2003 together with the Directors' and
Auditors' Reports thereon.  (Resolution 1)

(2) To approve the payment of Directors' Fees of RM40,000.00 in
respect of the year ended 31 December 2003. (Resolution 2)

(3) To re-elect En Hafifi bin Hafidz who retires pursuant to
Article 107 of the Articles of Association of the Company and
being eligible, has offered himself for re-election. (Resolution
3)

(4) To re-appoint Messrs Ernst & Young as Auditors of the
Company and to authorize the Directors to fix their
remuneration. (Resolution 4)

(5) To transact any other business of which due notice shall
have been given.  

BY ORDER OF THE BOARD
CYNTHIA GLORIA LOUIS
Secretary
(MAICSA 7008306)
Petaling Jaya
Selangor Darul Ehsan
June 4, 2004

Notes:

(1) A proxy may but need not be a member of the Company and the
provisions of Section 149 (1)(b) of the Companies Act, 1965
shall not apply to the Company.

(2) The instrument appointing a proxy, in the case of an
individual, shall be signed by his attorney duly authorized in
writing, and in the case of a corporation, shall be either given
under its common seal or under the hand of an officer or
attorney of the corporation duly authorized.

(3) The instrument appointing the proxy must be deposited at the
Registered Office of the Company at Unit 725, 7th Floor, Block
A, Kelana Centre Point, No. 3 Jalan SS7/19 Kelana Jaya, 47301
Petaling Jaya, Selangor Darul Ehsan not less than forty-eight
(48) hours before the time set for holding the meeting or any
adjournment thereof.

(4) Where a member appoints more than one proxy, the appointment
shall be invalid unless he specifies the proportions of his
holding to be represented by each.


DENKO INDUSTRIAL: Details Proposed Liquidation
----------------------------------------------
The Board of Directors of Denko Industrial Corporation Berhad
(Denko) disclosed the following to Bursa Malaysia Securities
Berhad.

(1) Introduction

Denko acquired the entire equity interest of Skiva Holdings Sdn
Bhd (SHSB) on June 12, 1997 with cost of investment of
RM9,207,146. SHSB principal activity is manufacture and sale of
foundation garments made of cotton, polyester and other types of
fabrics. SHSB has an authorised share capital of RM5,000,000
comprising 5,000,000 ordinary shares of RM1.00 each and the
issued and fully paid-up share capital of RM4,335,500 comprising
4,335,500 ordinary shares of RM1.00 each.

(2) Proposed Liquidation

SHSB has been suffering heavy losses from the operations. For
the financial year ended March 31, 2003, SHSB had accumulated
losses of RM15,170,923. In addition, SHSB is also suffering from
huge capital deficiency. As at March 31, 2003, SHSB has a
capital deficiency of RM10,399,482 against a turnover of
RM2,532,910. SHSB is also heavily indebted. As at March 31,
2003, SHSB's total liabilities amounted to RM17,948,424 of which
RM6,832,302 is made up of interest bearing debts.

The management of SHSB has taken the necessary steps to
turnaround the business operations but are not effective. After
considering the above-mentioned details, the Board announced to
voluntarily liquidate SHSB. The Proposed Liquidation will have a
positive impact towards the future earnings of the Denko Group,
as the financial results of SHSB will not be consolidated in the
group accounts of Denko.

(3) Rationale for Proposed Liquidation

The Proposed Liquidation is part of Denko's rationalization
exercise to get rid of loss making companies and to utilize its
resources on other viable businesses and activities. In
addition, the Proposed Liquidation will contribute positively
towards the earnings of Denko Group for the financial results of
SHSB will be deconsolidated with Denko Group.

(4) Financial Effects

There won't be any effect on the issued and paid-up share
capital of Denko and substantial shareholders' shareholdings.

Denko is expected to record a deconsolidated gains of
approximately RM6.4 million from the Proposed Liquidation. The
gains are expected to increase the group's net earnings per
share by approximately RM0.08 each for the financial year ending
March 31, 2005.

The net tangible asset per share is expected to increase by
approximately RM0.08 each from the Proposed Liquidation.

(50 Directors' and Major Shareholders' Interests

To the best knowledge of the Board of Directors of Denko, none
of the directors, major shareholders and persons connected with
them has any interest, whether direct or indirect, in the
Proposed Liquidation.

(6) Directors' Statement

The Board of Directors of Denko after having carefully
considered the Proposed Liquidation is of the opinion that it is
in the best interests of the Company and the shareholders of the
Company.

This announcement is dated 3 June 2004


EMICO HOLDINGS: Completes Restructuring Scheme
----------------------------------------------
Emico Holdings Berhad disclosed to Bursa Malaysia Securities
Berhad that on May 24, 2004, it has completed its Restructuring
Scheme with the issuance of the loan stocks (to the scheme
lenders) in accordance with the Debt Restructuring Agreement
(DRA) dated August 8, 2001 and the Supplemental Agreement dated
April 23, 2004.

This announcement is dated 3 June 2004


INNOVEST BERHAD: Issues Notice On AGM  
-------------------------------------
Notice is hereby given that the Thirty-Ninth Annual General
Meeting (AGM) of Innovest Berhad will be held at the Bukit Kiara
Equestrian & Country Resort, Dewan Berjaya, Jalan Bukit Kiara,
Off Jalan Damansara, 60000 Kuala Lumpur on Monday, June 28, 2004
at 9.00 am for the following purposes:

AGENDA

(1) To receive and adopt the Company's Audited Financial
Statements for the year ended 31 December 2003 and the
Directors' and Auditors' Reports thereon. Resolution 1

(2) To approve the payment of Directors' fees for the year ended
31 December 2003. Resolution 2

(3) To re-elect En. Mat Hassan bin Esa as a Director retiring by
rotation pursuant to Article 94 of the Company's Articles of
Association. Resolution 3

(4) To re-elect the following Directors retiring pursuant to
Article 99 of the Company's Articles of Association.

(i) Y. Bhg. Dato' Omar bin Othman
(ii) Mr. Gan Kian Seng Resolution 4

Resolution 5

(5) To re-appoint BDO Binder as Auditors of the Company and to
authorise the Directors to fix their remuneration. Resolution 6

(6) As Special Business, to consider and, if thought fit, to
pass the following resolution as an Ordinary Resolution:

"That subject always to the Companies Act, 1965, Articles of
Association of the Company and approvals from the Stock Exchange
and other governmental/regulatory bodies, where such approvals
shall be necessary, full authority be and is hereby given to the
Directors pursuant to Section 132D of the Companies Act, 1965
from time to time to allot and issue ordinary shares from the
unissued capital of the Company upon such terms and conditions
and at such times as may be determined by the Directors of the
Company to be in the best interest of the Company provided
always that the aggregate number of shares to be issued pursuant
to this Resolution shall not exceed 10 percent of the issued
capital for the time being of the Company." Resolution 7

(7) To transact any other business for which due notice shall
have been given.  

By Order of the Board
Innovest Berhad
Chong Fook Sin
Kan Chee Jing
Secretaries
Kuala Lumpur
June 4, 2004

NOTE:

(1) A member of the Company entitled to attend and vote at the
abovementioned Meeting may appoint a Proxy 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, Suite 9B.1, Level 9B, Wisma E&C, No. 2 Lorong
Dungun Kiri, Damansara Heights, 50490 Kuala Lumpur not less than
48 hours before the time for holding the Meeting or any
adjournment thereof. If the appointer is a corporation, this
form must be executed under the common seal or under the hand of
the attorney.

(2) Resolution pursuant to Section 132D of the Companies Act,
1965. The Ordinary Resolution proposed under item 6, if passed,
will give the Directors of the Company, from the date of the
abovementioned Meeting, authority to allot and issue ordinary
shares from the unissued capital of the Company for such
purposes as the Directors consider would be in the best interest
of the Company. This authority, unless revoked or varied by the
Company in General Meeting, will expire at the next Annual
General Meeting. The current issued share capital of the Company
is RM331,866,938 and the authorized share capital of the Company
is RM500,000,000.



INNOVEST BERHAD: Issues Recurrent Related Party Transactions
------------------------------------------------------------
The Board of Directors of Innovest Berhad disclosed to Bursa
Malaysia Securities Berhad its recurrent related party
transactions pursuant to Paragraph 2.0 of the Practice Note No.
12/2001 of the Listing Requirements of Bursa Malaysia.

For more information click
http://bankrupt.com/misc/innovestberhad060404.xls


JOHOR PORT: Releases Minutes Of AGM
-----------------------------------
Johor Port Berhad disclosed to Bursa Malaysia Securities Berhad
the minutes of its Elevent Annual General Meeting held last
Thursday, June 3, 2004 at 10:00 a.m. at Eagle Room, Tanjong
Puteri Golf Resort, 81700 Pasir Gudang, Johor Darul Takzim.

PRESENT: As per Attendance List

AGM 1 CHAIRMAN

Y. Bhg. Dato' Mohd Taufik bin Abdullah, Executive Chairman of
Johor Port Berhad took the chair.

AGM 2 QUORUM

The requisite quorum being present pursuant to Article 75 of the
Company's Articles of Association, the Chairman declared the
Meeting duly convened.

AGM 3 NOTICE OF MEETING

The notice convening the Meeting having been circulated within
the prescribed period was with the permission of the Meeting,
taken as read.

ORDINARY BUSINESS

RESOLUTION 1: ADOPTION OF AUDITED ACCOUNTS AND THE REPORTS OF
THE DIRECTORS AND AUDITORS THEREON

The Audited Accounts of the Company for the financial year ended
31 December 2003 together with the Reports of the Directors and
Auditors thereon were tabled for discussion.

The Meeting resolved that the Audited Accounts of the Company
for the financial year ended December 31, 2003 together with the
Reports of the Directors and Auditors thereon be received and
adopted.

RESOLUTION 2: PAYMENT OF FIRST AND FINAL DIVIDEND

The Meeting resolved that a first and final dividend of 7
percent less 28 percent of Malaysian Income Tax amounting to
RM16,632,000.00 (Ringgit Malaysia Sixteen Million Six Hundred
Thirty Two Thousand Only) for the financial year ended December
31, 2003 be declared for payment on July 26, 2004.

RESOLUTION 3: PAYMENT OF DIRECTORS' FEES AND EMOLUMENTS

The Meeting resolved that the Directors' Fees and Emoluments of
RM1,176,320.00 (Ringgit Malaysia One Million One Hundred Seventy
Six Thousand and Three Hundred Twenty Only) for the financial
year ended December 31, 2003 be approved.

RESOLUTION 4: RE-ELECTION OF DIRECTOR PURSUANT TO ARTICLE 96

The Meeting resolved that Mr. Ooi Teik Huat, the Director who
retired pursuant to Article 96 of the Company's Articles of
Association and being eligible for re-election, be re-elected to
serve on the Board of Directors of the Company.

RESOLUTION 5: RE-APPOINTMENT OF AUDITORS

The Meeting resolved that the retiring Auditors, Messrs. Ahmad
Abdullah & Goh who have indicated their willingness to continue
in office, be re-appointed as Auditors of the Company to hold
office until the conclusion of the next Annual General Meeting
at a remuneration to be agreed between the Directors and the
Auditors.

AGM 4: MEETING ENDED

There being no further business, the Meeting ended at 10:30 a.m.
with a vote of thanks to the Chair.

SIGNED AS A CORRECT RECORD
June 3, 2004


JOHOR PORT: Revenue Increases To RM313.43M
------------------------------------------
Following its 11th Annual General Meeting on Thursday, Johor
Port Berhad (JPB) Group announced increased revenue of RM313.43
million for the year ended December 31, 2003, as compared to
RM289.41 million in the previous year. Its profit before tax
rose to RM118.12 million, an increase of 17.7 percent from the
previous year of RM100.34 million. These are largely contributed
by a series of improvements in crucial port operations, which
significantly contributed to JPB's overall performances.

The company is also striding on confident growth with the recent
release of its first quarter financial result for the year 2004.
Total revenue for the first quarter was RM78.7 million, a 13
percent increase from the previous year which fetched RM70
million. Profit before tax also rose 32.4 percent to RM29.9
million while net profit rose 33.4 percent to RM21.4 million.
Earning per share also saw an increase from 4.85 sen last year
to 6.48 sen for the corresponding year.

Despite some challenges faced by the Company locally and on the
international front, through its prudent management practices,
substantial business alliances and innovative plans, JPB managed
to steer itself towards better performances. Its cost
rationalisation measures provided the Group with the desirable
results, contributing significantly to the good financial
performances.

The Board also announced JPB's accreditation as an approved
London Metal Exchange (LME) location for warehousing activities
and facilities, which was certified in March 2004. This will
boost the Company's performances in the current as well as the
years ahead. JPB is the first port in Malaysia to be accredited
by the LME. This accreditation will also lead to further
business opportunities in trading of non-ferrous metals on the
international market.

For the financial year ended 31st December 2003, the Company
reported an increase of revenue of RM277.33 million as compared
to RM258.68 million registered in the previous year. The
Company's profit before tax rose to RM111.41 million as compared
to RM92.47 million in 2002.

JPB's positive performance was reflected by the basic and fully
diluted earnings per ordinary share, which was 25.42 sen per
share compared to 22.80 sen for the previous year, an increase
of 11.49 percent. Its shareholders funds also rose, recording
RM767.39 million compared to RM697.74 million in 2002. The same
is translated to its net tangible assets per ordinary share,
which increased from RM2.11 to RM2.33 in the same period.

Johor Port Berhad's throughput performance for the year 2003
registered consistent growth, whereby its total throughput
(excluding private jetties) registered an increase of 839,225
FWT to 26,763,791 FWT, from 25,924,566 FWT in the previous year.

The Company record an increase of 3.7 percent of total vessels
calling at the port, making up to a total of 6, 877 vessel calls
from 6,631 previously.

As the bulk cargo segment of the port continue to show
consistent result in throughput, the Company is taking steps
towards the provision of more facilities to handle bulk cargoes,
thus allowing JPB to provide higher productivity and
performances to meet its customers' business demands.

The Company also achieved consistent good performance in the dry
bulk cargo and break bulk cargo. Encouraging throughput was
registered in the dry bulk cargo, with a total throughput of 4,
242, 413 FWT, a 12 percent increase from the previous year. The
break bulk cargo's volume saw a dramatic rise, registering 1,
522, 653 FWT, a 26 percent increase as compared to the previous
year.

The landmark agreement with Gearbulk AG, the world's main
carrier of unitized forest products and non-ferrous metals and
the owner of the world's largest fleet of Open Hatch Gantry
Crane (OHGC) vessels, rendered the Company a substantial growth
in the break bulk cargo section.

As the world's demand on timber and steel-related product
continued to rise, the Company benefited with an increase in its
throughput. In the current year under review, timber throughput
rose 46 percent while steel plates and coils throughput rose 31
percent.

As for the liquid bulk sector, factors like poor economic
outlook for the first half of 2003, increase of bunker fuel
prices and slow trading in the commodity sector, have mainly
affected the liquid bulk cargo, to which the non-edible liquid
bulk decreased by 8 percent to 8,032,645 FWT. However, the
decline is compensated by the strong performance of edible
liquid bulk cargo, which recorded a total throughput of
4,005,120 tonnes, a 7 percent increase from 2002.

Recently, JPB undertook upgrading works at Wharf 3 to allow for
additional handling of fuel oil for its liquid bulk cargo. In
addition, JPB is also converting three of its 10" loading arms
to hydraulic mode and installing three new 12" hydraulic arms to
facilitate increased efficiency at the dangerous cargo jetty and
Wharf 3 respectively.

These works were mainly done to cater for the increased usage by
Far East Oil Terminal One (FEOTO), a subsidiary of COSCO-FEOSO,
a company recognised by PLATTS for handling and trading of
bunker fuel internationally. One of FEOTO's main players is
Petronas Trading Corporation (PETCO), a subsidiary of PETRONAS
which recently transferred its Ship-to-Ship (STS) operations
from Karimun Island, Indonesia to Johor's own Tanjung Setapa
which is situated within JPB's water limit. This move is
expected to bring additional revenue and increased throughput
for the liquid bulk sector.

In view of the rising global security, JPB will also be in
compliance with the requirements of the International Ship and
Port Facility Security Code (ISPS), which will become mandatory
for all ports worldwide from 1st July 2004. To date, JPB has
submitted a Port Facility Security Assessment and a Port
Facility Security Plan to the Johor Port Authority and to the
designated ISPS authority, Marine Department, Malaysia. JPB
anticipates that it will be issued a certification for
compliance soon.

JPB is also expecting to gain in the transportation and
logistics through its subsidiary, JP Logistics Sdn Bhd (JPL),
which is continuously expanding its business activities nation-
wide and internationally, via strategic business coalition with
the Port of Tanjung Pelepas (PTP) and the international
logistics network.

JPB will also continue to upgrade its internal business
operations, which includes Information Technology (IT) systems
and support functions (Finance, Human Resource, Port Billings,
Security and Enterprise Asset Management, among others).

It will also work on the improvement of its port facilities and
warehousing capacity, in tandem with the Company's effort to
emerge as a successful regional and international distribution
hub.


LEBAR DAUN: Issues Notice On EGM
--------------------------------
The Board of Directors of Lebar Daun Berhad disclosed to Bursa
Malaysia Securities Berhad its Extraordinary General Meeting to
be held at Room - Concorde I, Concorde Hotel, No. 3, Jalan
Tengku Ampuan Zabedah C9/C, 40100 Shah Alam, Selangor Darul
Ehsan on Tuesday, 29 June 2004 at 11.30 a.m. or immediately
after the conclusion or adjournment (as the case may be) of the
2nd Annual General Meeting of the Company which will be held at
11:00 a.m. at the same venue and on the same day, whichever is
earlier. The Notice of the meeting will be published in the "New
Straits Times" on June 4, 2004.

To view full copy of the Notice of the EGM click
http://bankrupt.com/misc/lebardaun060404.doc


MECHMAR CORPORATION: Submits Report On Group's Loan
---------------------------------------------------
Mechmar Corporation (Malaysia) Berhad, in a notice submitted to
Bursa Malaysia Securities Berhad its group's loan default report
as of May 31, 2004 for your reference. Repayment is being made
as per agreed monthly installments.

To view full copy of the report, click
http://bankrupt.com/misc/mechmarcorporation060304.xls


MECHMAR CORPORATION: Details Unit's Disposal Of Vacant Lot
----------------------------------------------------------
Mechmar Corporation (Malaysia) Berhad submits to Bursa Malaysia
Securities Berhad the details of the sale of vacant lot known as
Lot No. 10223, Mukim 13, Daerah Timur Laut, Pulau Pinang.

(1) Details of Disposal

Relau Estates Sdn Bhd (Relau), a wholly-owned subsidiary of
Mechmar incorporated in Malaysia and having its registered
address at No. 1, Jalan Perunding U1/17, Seksyen U1, Hicom-
Glenmarie Industrial Park, 40150 Shah Alam, Selangor Darul
Ehsan, is the registered owner of a vacant land known as Lot No.
10223, Mukim 13, Daerah Timur Laut, Pulau Pinang held under
Geran No. Hakmilik 67790 measuring approximately 193,020.05
square feet in area (hereinafter referred to as the Land).

Relau has entered into a Sale & Purchase Agreement with USI Sdn
Bhd on May 6, 2004, a private company incorporated in Malaysia
and having its registered address at No. 58-A, Cantonment Road,
10250 Penang to sell the Land for a total cash consideration of
RM4, 825,501.25. No salient terms were incorporated into the
said agreement. There is however, a separate undertaking from
the vendor that the Sale & Purchase Agreement will only be
effective upon removal of all 15 government caveats and 3
private caveats from the said title.

The Sale & Purchase Agreement was released by the Solicitor on
June 1, 2004 and deemed effective following the removal of all
15 government caveats and 2 private caveats. The last private
caveat is in the process of being released.

The Sale & Purchase Agreement is open for inspection at the
Company's registered office.

No valuation was carried out on the Land and the consideration
was arrived on a willing buyer willing seller basis.

(2) Details of Purchaser

Name of Company: USI Sdn Bhd

Date of Incorporation: September 25, 1981

Issued and paid up capital: 3 ordinary shares of RM1.00 each

Directors: Goh Joo Or and Ruby Pok Milan

Shareholders: Goh Joo Or (2 shares) and Ung Siew Im (1 share)

Core Business: Investment holdings

(3) Mode of Payment

- Upon signing of the Sale & Purchase Agreement (S&P) RM
241,275.06
- On or before 3 months from date of S&P RM 241,275.06
- On or before 6 months from date of S&P RM 241,275.06
- On or before completion date, which is 9 months from date of
S&P RM4, 101,676.07

If the balance consideration is not paid on or before completion
date, an extension period of 2 months will be granted with an
interest of 6 percent per annum on daily rest on the balance
consideration.

(4) Rationale

The Land is presently charged to Alliance Merchant Bank Bhd
under a debenture created on January 24, 2000 as security for a
Bank Guarantee facility of RM45 million. The entire sale
proceeds will be utilised to partially repay Alliance Merchant
Bank Bhd's outstanding loan amount of RM10, 075,029 as at May
31, 2004.

No liabilities are to be assumed by the Purchaser arising from
the transaction.

(5) Financial Effect of the Disposal

The net book value of the Land amounted to RM3,241,891 as at
December 31, 2003. The sale of the Land is expected to give rise
to a profit of RM1, 583,611 at Group's level and increase the
Group's net tangible assets and earnings per share by RM0.01
respectively.

(6) Approvals Required

The said sale is not subject to approval of any authorities.

(7) Directors' and Substantial Shareholders' Interest

None of the directors and/or substantial shareholders and/or
persons connected to directors and/or substantial shareholders
of the Company has any interest, either direct or indirect in
the sale of the Land.

(8) Directors' Recommendation

The Board of Directors is of the opinion that the said sale is
in the best interest of the Company.


NEPLINE BERHAD: Sets AGM On June 28
-----------------------------------
The Board of Directors of Nepline Berhad (the Company) disclosed
to Bursa Malaysia Securities Berhad that it will hold its
Twenty-first (21st) Annual General Meeting (AGM) on Monday, June
28, 2004 at 8:30 a.m. at Putra Room, Kelab Golf Sultan Abdul
Aziz Shah, Seksyen 9, Bukit Jelutong, 40000, Shah Alam, Selangor
Darul Ehsan.

The Notice of AGM, copy of which is attached to this
announcement, will be advertised in The Sun on June 4, 2004.
Accordingly, the Company's 2003 Annual Report together with
Circular to Shareholders in relation to the Company's Proposed
Renewal of Shareholders' Mandate for Recurrent Related Party
Transactions of a Renevue or Trading Nature will be dispatched
to the shareholders on June 4, 2004.

To view full copy of the Notice of the AGM click
http://bankrupt.com/misc/NEPLINEBERHAD060404.doc


PAN MALAYSIA: Director And Audit Committee Member Resigns
---------------------------------------------------------
Pan Malaysia International Berhad announced to Bursa Malaysia
Securities Berhad the resignation of Khet Kok Yin as the
company's director and member of the Audit Committee.

Composition of Audit Committee (Name and Directorate of members
after change):

- Dr. Tong Keng Tatt (Independent Non-Executive Director)

- Tan Peng Hock (Independent Non-Executive Director)
   
Remarks:

Following the vacancy in the audit committee, the Company will
take necessary steps to ensure compliance of Paragraph 15.10(1)
of the Listing Requirements.


PROMTO BERHAD: Issues Clarification To Previous Announcement
------------------------------------------------------------
The Board of Directors (BOD) of Promto Bhd refers to the
purported announcement to the Bursa Malaysia on June 3, 2004 by
parties purportedly acting as Directors of Promto Berhad.

The BOD is currently seeking legal advice on the matter.

The BOD reiterate that the announcement made by the BOD to Bursa
Malaysia on May 28, 2004 and June 2, 2004 reflects the correct
state of affairs.

The BOD further confirms that Mr. Yeap Kok Leong and Mr. Yap Wai
Bing and Tenaga Koperat Sdn Bhd are the Company Secretaries and
the Share Registrar of the Company respectively.


PUNCAK NIAGA: AGM Slated For June 28
------------------------------------
Puncak Niaga Holdings Berhad (PNHB) disclosed to Bursa Malaysia
Securities Berhad that the Seventh Annual General Meeting (7th
AGM) of the company will be held at the Banquet Hall, Kuala
Lumpur Golf & Country Club, No. 10, Jalan 1/70D, Off Jalan Bukit
Kiara, 60000 Kuala Lumpur on Monday, June 28, 2004 at 9:30 a.m.

At the 7th AGM of PNHB, one (1) Special Business will be tabled
for the shareholders' approval, namely on the 'Allotment Of
Shares Pursuant To Section 132D Of The Companies Act, 1965'.

For more information click
http://bankrupt.com/misc/PUNCAKNIAGA060404.doc
http://bankrupt.com/misc/puncakniaga060404_2.jpg


SELOGA HOLDINGS: Issues Notice On General Meetings
--------------------------------------------------
Seloga Holdings Berhad (SHB) disclosed to Bursa Malaysia
Securities Berhad that its Extraordinary General Meeting will be
held at Conference Room, 3rd Floor, Eastin Hotel, No. 13, Jalan
16/11, Pusat Dagang Seksyen 16, 46350 Petaling Jaya, Selangor
Darul Ehsan on Monday, June 28, 2004 immediately after the
conclusion or adjournment (as the case may be) of the Eighth
Annual General Meeting of SHB to be held at the same venue and
on the same day at 10:00 a.m.

To view full copy of the Notice of the EGM click
http://bankrupt.com/misc/SHB060404.pdf
To view full copy of the Notice of the AGM click
http://bankrupt.com/misc/SHBagm060404.pdf


SUNWAY CITY: Issues AGM Notice
------------------------------
Sunway City Berhad disclosed to Bursa Malaysia Securities Berhad
(formerly known as Malaysia Securities Exchange Berhad) that the
21st Annual General Meeting (AGM) of the Company will be held at
Grand Bahamas, Level 12, Sunway Lagoon Resort Hotel, Persiaran
Lagoon, Bandar Sunway, 46150 Petaling Jaya, Selangor Darul Ehsan
on Tuesday, June 29, 2004 at 3:30 p.m. The notice of the AGM
will be published in the New Straits Times on June 4, 2004.

To view full copy of the Notice of the AGM click
http://bankrupt.com/misc/sunwaycity060404.rtf


SUNWAY CONSTRUCTION: L' Grande Serves Third Party Notice To Unit
----------------------------------------------------------------
The Board of Sunway Construction Berhad announced to Bursa
Malaysia Securities Berhad that Sunway PMI - Pile Construction
Sdn Bhd (Sunway PMI), a subsidiary of the Company had on the
31st of May 2004 been served with a Third Party Notice (the
Notice) dated 26th of May 2004 by L' Grande Development Sdn Bhd
(the Plaintiff) .

The Notice was issued pursuant to Kuala Lumpur High Court Civil
Suit No. S3-22-240-2000 (the Suit) between the Plaintiff and
Bukit Cerakah Development Sdn Bhd (the Defendant).

Pursuant to a Main Contract entered into in October 1998, the
Defendant appointed the Plaintiff as the main contractor for the
construction of 331 units of double storey terrace houses at Lot
PT 1561, Ladang Felda Bukit Cerakah, Mukim Jeram, Daerah Kuala
Selangor, Selangor Darul Ehsan for a contract sum of RM22
million (the Project).

Sunway PMI in turn was appointed by the Plaintiff as the sub-
contractor to undertake piling works using Precast Prestressed
Concrete Piles for the Project. The Plaintiff alleged that
Sunway PMI had breached the sub-contract by failing to execute,
complete and maintain the piling works to the reasonable
satisfaction of the Plaintiff and the Representative of the
Defendant.

Pursuant to the Notice, the Plaintiff is seeking to be
indemnified against any losses suffered pursuant to the Suit by
the Plaintiff, amongst others a claim of RM 46,210,924.68.

Sunway PMI is currently in consultation with its solicitors to
protect its interest. The above litigation however, is not
expected to have any material financial impact on the Company as
the investment in Sunway PMI and its contribution to the
Company's earnings is negligible. Any liability that may arise
is only limited to the extent of its equity investment in Sunway
PMI.

This announcement is dated June 3, 2004.


TENAGA NASIONAL: Issues Update On Proposed Divestment To KEV
------------------------------------------------------------
Tenaga Nasional Berhad (TNB) refers to Section 2.1.3 (g) of its
announcement dated April 30, 2002 which stated that the
consideration payable by TNB for the subscription of ordinary
shares and other securities in Kapar Energy Ventures Sdn. Bhd.
(KEV) shall be satisfied by way of setting off against the
Balance Consideration (being the purchase consideration for the
Asset payable by KEV to TNB after netting off the cash deposit
of RM250.8 million, and subject to adjustments being made
pursuant to the provisions of the asset sale agreement dated 31
July 2000) on the date of completion of the Proposed Kapar
Divestment (Completion Date).

In relation thereto, the company announced to Bursa Malaysia
Securities Berhad that TNB, Malakoff and KEV have on June 3,
2004 by way of letters signed by all the aforesaid parties
agreed that the consideration payable by TNB for the
subscription of 1,198,500 ordinary shares of RM1.00 each in KEV
amounting to RM1,198,500 (as stated in Table A of our
announcement dated 30 April 2002) shall be satisfied by way of
cash payment on the Completion Date. The consideration payable
by TNB for the subscription of other securities in KEV shall
still be satisfied by way of setting off against the Balance
Consideration.

This announcement is dated June 3, 2004.


TENAGA NASIONAL: Inks MOU With Turboinstitur Of Slovenia
--------------------------------------------------------
Tenaga Nasional Berhad disclosed to Bursa Malaysia Securities
Berhad on Thursday that it has signed four (4) memorandum of
understanding on collaboration in the area of training and
development.

The MOU with Turboinstitut of Slovenia is aimed at developing a
long term cooperation in training, education and research in the
field of design and operation of hydro power plants, hydro
turbines and pumps.

The MOU with TWI Training & Certification (S.E Asia) Sdn. Bhd.
is intended to establish a Centre of Technical Excellence for
the power industry focused on providing technical advice,
research and skills development for the industry.

The second MOU with TWI Training & Certification (S.E Asia) Sdn.
Bhd. is designed to support the establishment of the Welding
Institute of Malaysia (WIM). This aims to provide technical
information and improving knowledge of welding & joining process
in Malaysia.

Signing of the MOU with Persatuan Kontraktor Melayu Malaysia,
PKMM is intended to develop a long-term cooperation between the
TNB and PKMM in training and development services.


TENAGA NASIONAL: Signs Agreement To Purchase Power Project
----------------------------------------------------------
Tenaga Nasional Berhad (TNB) disclosed to Bursa Malaysia on
Thursday that it has signed two agreements for the purchase of
electricity generated by small RE (Renewable Energy) power
projects developed by Sunquest Sdn. Bhd. and Recycle Energy Sdn.
Bhd. under the SREP Program (Small Renewable Energy Power
Program). The SREP Program was launched by the Government in May
2001 to promote the utilization of renewable energy in power
generation and to reduce emission of greenhouse gases. The
signing of these REPPAs (RE Power Purchase Agreements)
demonstrate the support given by TNB for the success of the
Government's SREP Program.

TNB has agreed to purchase the electricity from Sunquest Sdn.
Bhd. and from Recycle Energy Sdn. Bhd. for a period of 21 years.
The estimated value of these REPPAs with Sunquest Sdn. Bhd and
Recycle Energy Sdn. Bhd. are about RM6.8 million per year and RM
6.7 million per year respectively.

The RE power plant developed by Sunquest Sdn. Bhd., which
utilizes oil palm waste as biomass fuel, will be located in
Mukim Jimah, Port Dickson, Negeri Sembilan and will be having an
export capacity of 5 MW to TNB.

The RE power plant developed by Recycle Energy Sdn. Bhd., which
utilizes municipal solid waste as fuel, will be located in
Semenyih, Selangor and will have an export capacity of 5 MW to
TNB.


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


PHILIPPINE BANK: Annual Stockholders' Meeting Slated For July 15
----------------------------------------------------------------
Philippine Bank of Communications (PBCom) disclosed to the
Philippine Stock Exchange the schedule for its Annual
Stockholders' Meeting on July 15, 2004 at 4:00 p.m., 53rd Floor,
PBCom Tower, 6795 Ayala Avenue corner V.A. Rufino Street
(formerly Hererra Street), Makati City.  All stockholders of
record as of June 18, 2004 are entitled to notice and to vote at
the aforesaid meeting.

Contact:

PBCom Tower, 6795 Ayala Ave. Cor. Herrera St., 1226 Makati City
Telephone Numbers:  830-7000 (TL)
Fax Numbers:  818-2576 (Telefax)
Email Address: info@pbcom.com.ph
Website: http://www.pbcom.com.ph


VITARICH CORPORATION: Sets Stockholders Meeting On June 25
----------------------------------------------------------
Notice is hereby given that the Annual Meeting of Stockholders
of Vitarich Corporation will be held on Friday, June 25, 2004 at
2:00 p.m. at the Discovery Suites, Columbus Room, ADB Avenue,
Ortigas Center, Pasig City.

The Agenda for the meeting:

(1) Call to order

(2) Certification of Notice to Stockholders and Presence of a
Quorum

(3) Approval of Minutes of the Previous Stockholders' Meeting

(4) Report by the Chairman-Chief Executive Officer

(5) Confirmation and Ratification of the Acts of the Board of
Directors and Officers.

(6) Election of Directors for the Ensuing year

(7) Appointment of External Auditors

(8) Appointment of the Stock and Transfer Agent

(9) Other Matters

(10) Adjournment

For the purpose of determining the stockholders entitled to
notice and to vote at the meeting, the record date is May 26,
2004.  The Stock and Transfer Books of the Corporation shall be
closed from May 26, 2004 to June 25, 2004.

Minutes of the Annual Meeting of Stockholders of the Corporation
held on June 27, 2003 are available for examination during
office hours at the Executive Office of the Corporation at Unit
W902-B Tektite Tower, PSE Building, Exchange Road Ortigas
Center, Pasig City.

Proxies must be submitted to the Special Committee of Election
Inspectors of the at the Executive Office of the Corporation at
Unit W902-B Tektite Tower, PSE Building, Exchange Road Ortigas
Center, Pasig City on or before June 17, 2004.  Proxies shall be
validated by the Special Committee of Inspectors of the
Corporation at the Executive Office of the Corporation on June
21, 2004.

On the day of the meeting, you or your duly designated proxy are
hereby required to bring a notice and any form of identification
such as driver's license, passport, company I.D., voter's I.D.
or TIN card to facilitate registration.  Registration shall
start at 1:00 p.m. and will close at 1:45 p.m.

Contact:

Abangan Sur, MacArthur Highway
Marilao, Bulacan
Telephone Numbers: 843-3033; (044) 711-2829
Fax Numbers: 843-0297; (044) 711-1519
Email Address: info@vitarich.com
Website: http://www.vitarich.com


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


BROOK CROMPTON: Creditors Must Submit Claims by July 5
------------------------------------------------------
Notice is hereby given that the creditors of Brook Crompton
International Pte Ltd, which is being wound up voluntarily, are
required on or before 5 July 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
undersigned, the Liquidator of the said company and, if so
required by notice in writing by the said liquidator are, by
their solicitors or personally, to come in and prove their 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.

LIM SU-LYNN
Liquidator.
c/o 238A Thompson Road
#24-06/08 Novena Square Office Tower A
Singapore 307684.

This Singapore Government Gazette announcement is dated 4 June
2004.


HOLY CHILD: Issues Notice to Creditors
--------------------------------------
Notice is hereby given that the creditors of Holy Child Speech
and Drama Centre, which is being wound up voluntarily, are
required on or before 31 July 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
undersigned, the Liquidator of the said company and, if so
required by notice in writing by the said liquidator are, by
their solicitors or personally, to come in and prove their 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.

HENG LEE SENG
Liquidator.
300 Beach Road
#38-05 The Concourse
Singapore 199555.

This Singapore Government Gazette announcement is dated 4 June
2004.


KENTACO DESIGN: Issues Dividend Notice
--------------------------------------
Kentaco Design Associates Pte Ltd. issued a notice of intended
preferential dividend as follows:

Address of Registered Office: Formerly of 263 Upper Thomson Road
Singapore 574390

Court: Supreme Court, Singapore.

Number of Matter: Companies Winding Up No. 170 of 1994.

Amount Per Centum: 0.7785%

First and Final or otherwise: First and Final Dividend.

Last Day for Receiving Proofs: 18 June 2004.

Name & Address of Liquidator: 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 4 June
2004.


NEWBREAD BAKERY: Issues Dividend Notice
---------------------------------------
Newbread Bakery Pte Ltd. issued a notice of intended
preferential dividend as follows:

Address of Registered Office: Formerly of 24 Woodlands Terrace
Singapore 738448

Court: Supreme Court, Singapore.

Number of Matter: Companies Winding Up No. 125 of 1998.

Last Day for Receiving Proofs: 18 June 2004.

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

KAMALA PONNAMPALAM
Assistant Official Receiver.

This Singapore Government Gazette announcement is dated 4 June
2004.


PROFESSIONAL OUTSOURCING: Creditors Must Submit Claims by July 5
----------------------------------------------------------------
Notice is hereby given that the creditors of Professional
Outsourcing Pte Ltd, which is being wound up voluntarily, are
required on or before 5 July 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
undersigned, the Liquidator of the said company and, if so
required by notice in writing by the said liquidator are, by
their solicitors or personally, to come in and prove their 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.

LOKE POH KEUN
Liquidator.
c/o 8 Cross Street
#17-00 PWC Building
Singapore 048424.

This Singapore Government Gazette announcement is dated 4 June
2004.


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


CAPETRONIC INTERNATIONAL: Issues Tender Offer Update
----------------------------------------------------
Capetronic International PCL disclosed to the Stock Exchange of
Thailand its Statement of Intention for Tender Offer.

Statement of Intention for Tender Offer

(1) Submission date of the Statement of Intention for Tender
Offer: June 1, 2004                                             

(2) Name of persons making the Statement of Intention for Tender
Offer:

Mrs.Sunisa Pathompreuk
Ms. Chayapa Wongsawat
Ms. Chinnicha Wongsawat
Mr. Yodchanan Wongsawat
(Altogether hereinafter called the Offeror)
Telephone: (01) 805-0055

(3) Intention to make tender offer for the securities of:  
Capetronic International Thailand PCL (herein after called the
Company or CAPE)   
                
For more information click
http://bankrupt.com/misc/CAPETRONICINTERNATIONAL060404.htm


                     *********


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

Troubled Company Reporter -- Asia Pacific is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan,
Editors.

Copyright 2004.  All rights reserved.  ISSN: 1520-9482.

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

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

                 *** End of Transmission ***