TCRAP_Public/040615.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

             Tuesday, June 15, 2004, Vol. 7, No. 117

                            Headlines

A U S T R A L I A

NATIONAL AUSTRALIA: Snubbed by Customers in Survey
QANTAS AIRWAYS: Scraps Planned Terminals' Sale
VILLAGE ROADSHOW: Investor Complains About Buyback


C H I N A  &  H O N G  K O N G

CITY MOTOR: Enters Winding Up Proceedings
FOREFRONT INTERNATIONAL: Sets Winding Up Hearing on July 14
JOINT WAY: Court Issues Winding Up Notice
KABOOL INDUSTRY: Creditors Must Prove Debts on June 28
MAGNUM INTERNATIONAL: Appoints New Director

WINFUL INTERNATIONAL: Winding Up Hearing Set on July 21


I N D O N E S I A

PERTAMINA: To Finalize Sale of Two VLCCs This Week
PERTAMINA: Pertamina Denies Corruption Allegations


J A P A N

ASHIKAGA BANK: Posts Widened Annual Losses
FUJITSU LIMITED: S&P Upgrades Credit Rating
KYUSHU INDUSTRIAL: Incurs JPY1.1B Loss
MITSUBISHI MOTORS: Police Raid Ex-Head's Home
MITSUBISHI MOTORS: Reviewing Revival Plan

MITSUBISHI MOTORS: No Cuts In Domestic Sales Target
MITSUBISHI MOTORS: Faces Fine For Cover-up
UFJ BANK: Mulls Pay Cuts For All Employees
UFJ GROUP: To Slash Executives' Pay by 50%
UFJ HOLDINGS: Sumitomo Finalizing Units' Purchase


K O R E A

HYNIX SEMICONDUCTOR: Signs Nonmemory Sale Deal With Citigroup



M A L A Y S I A

ANCOM BERHAD: Releases Shares Buyback Results
ANTAH HOLDING: Issues Update On Litigations
AOKAM PERDANA: Court Grants Extension Time To Convene Meeting
BERJAYA GROUP: Details Proposed Joint Venture With KUB  
BUKIT KATIL: Appoints New Company Director

COMMERCE INTERNATIONAL: Revises Sinking Fund Deposit Schedule  
CONSOLIDATED FARMS: Issues Details On Non-Payment Of Credit
DISCCOMP BERHAD: MITI Rejects Application For License
FARLIM GROUP: Issues Notice On EGM  
GEAHIN ENGINEERING: Court Approves Proposed Restructuring Scheme

KILANG PAPAN: Enters Agreement For Shares' Purchase Price
MAXIS COMMUNICATIONS: Issues Additional 18,000 Ordinary Shares
MBF HOLDINGS: Issues Update On Civil Suit
PANTAI HOLDINGS: Issues Details Of Shares Buyback  
PERNAS INTERNATIONAL: Issues Update On Agreements

PERNAS INTERNATIONAL: Sets EGM On June 29
PROMTO BERHAD: Receives Summons-In-Chambers
RHB CAPITAL: Issues Update On New Organizational Structure
RNC CORPORATION: Disposes of Subsidiary
SIME DARBY: Issues Additional 49,000 Ordinary Shares

SUNWAY CITY: BMSB To Grant 104,000 Additional Shares For Listing
TELEKOM MALAYSIA: Details Declaration Of Dividends



P H I L I P P I N E S

BAYAN TELECOMMUNICATIONS: Projects 12% Increase In Revenues  
NATIONAL POWER: PhP500Bln Debt To Be Paid Through New Taxes
NEGROS NAVIGATION: SEC Dares Management Show Proof or Fine Stays
PHILIPPINE AIRLINES: Targets US$880mln Debt by March 2005
PHILIPPINE BANK: Issues Clarification To News Article

PHILIPPINE LONG: Listing Of 1,000 Common Shares Set For June 15


S I N G A P O R E

FONTAINEBLEU: Creditors Must Submit Claims by July 9
KOH BROTHERS: Posts Changes in Holdings
SINGAPORE INDUSTRIAL: Releases Notice of Dividend
STAMFLES REMOTE: Winding Up Hearing Set July 2
TRI-MIX: Issues Notice of First Interim Dividend

UNITED OVERSEAS: Notice of Director's Interest
XIN XIN: Winding Up Order Made


T H A I L A N D

MDX PUBLIC: Issues Clarification Of 2004 1Q Financial Statement  

* BOND PRICING: For the Week 14 June to 18 June 2004

     -  -  -  -  -  -  -  -

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


NATIONAL AUSTRALIA: Snubbed by Customers in Survey
--------------------------------------------------
A customer satisfaction survey conducted by Nielsen has provided
the first concrete proof that the currency trading scandal that
hit the National Australia Bank in January has indeed hurt its
image, as thousands of people responded that they no longer want
NAB as their bank, reports The Australian.

According to Nielsen's Financial Institution Customer Monitor
released Friday, NAB was the only major bank whose customer
satisfaction fell in the March quarter survey period, slipping
from 78.6 to 77.6 percent. The survey, which asked 6500 bank
customers if they intended to change their main financial
institution (MFI), also revealed that only 2.6 percent of
customers wishing to switch institutions said they would prefer
NAB.

"The NAB's dealing room losses hit the bank's retail customer
base from three directions -- satisfaction of existing customers
dropped, (more) customers planning to leave and a slump in NAB
as choice of next bank," Nielsen says.

NAB revealed in January that unauthorized transactions by four
currency traders led to $180 million in pre-tax losses, which
was later doubled to $360 million. The scandal has forced NAB's
bank's chief executive and chairman and many other senior staff
to quit their posts.


QANTAS AIRWAYS: Scraps Planned Terminals' Sale
----------------------------------------------
Following its decision to scrap the planned sale of its major
Sydney terminal, Australian carrier Qantas Airways has also
chosen to abandon plans to sell its Melbourne and Perth airport
terminals, which, together with the Sydney terminal, could have
brought in $1 billion to the airline's coffers, relates the
Sydney Morning Herald.

According to a Qantas spokesman, however, the airline's backing
out of the planned sales will not affect its $6 billion aircraft
purchase program.

In a bid to make its operations more flexible, Qantas had
studied selling the three terminals as a way of converting fixed
costs into variable costs. The airline, which is holding the
terminals on long-term leases, is burdened with fixed annual
rents that cannot be varied with the level of business.

Qantas had hoped to replace these costs with costs based on
passenger numbers by selling the leases back to the airports or
to other parties, a move that could cut the airline's terminal
costs in situations like the SARS outbreak in 2003, when
passenger numbers fell 25 percent.

Australia is the only major airline market in which domestic
carriers own terminals.


VILLAGE ROADSHOW: Investor Complains About Buyback
--------------------------------------------------
One of Village Roadshow's smallest investors has filed a
complaint with the Australian Securities and Investments
Commission against the ordinary share buyback of the film and
entertainment group, reports the Sydney Morning Herald.

In its filing with the Australian securities watchdog, German
investor Boswell Filmgesellschaft claimed Village Roadshow
should not be spending money on buybacks since there are
uncertainties surrounding the group's balance sheet.

Boswell's complaint centers on section 257A of the Corporations
Act, which stipulates that "a company may buy back its own
shares if: (a) the buyback does not materially prejudice the
company's ability to pay its creditors; and (b) the company
follows the procedures laid down in this division".

For his part, Village managing director Graham Burke said on
Friday it seemed strange that an investor with only 2000 shares
was "spending a fortune on legal fees and claim they have no
association with any other shareholding".

The buyback, worth $43 million, will be financed by debt and
comes on top of the $170 million the company has spent in recent
months buying back 56 percent of its non-voting preference
shares.


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


CITY MOTOR: Enters Winding Up Proceedings
-----------------------------------------
Notice is hereby given that a Petition for the Winding up of
City Motor Services Company Limited by the High Court of Hong
Kong was on May 24, 2004 presented to the said Court by Hui Kam
Fung of Room 2329, Sun Ming House, Sun Chui Estate, Shatin, New
Territories, Hong Kong. The said Petition is directed to be
heard before the Court at 10:00 a.m. on July 14, 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 13th day of July
2004.


FOREFRONT INTERNATIONAL: Sets Winding Up Hearing on July 14
-----------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Forefront International Limited by the High Court of Hong Kong
was on May 27, 2004 presented to the said Court by Nexgen
Capital Limited of Ormonde House, 12 Lower Kleeson Street,
Dublin 2, Ireland. The said Petition is directed to be heard
before the Court at 10:00 a.m. on July 14, 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.

HERBERT SMITH
Solicitors for the Petitioner,
23rd Floor, Gloucester Tower
11 Pedder Street, 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 13th day of July
2004.


JOINT WAY: Court Issues Winding Up Notice
-----------------------------------------
A Petition for the Winding up of Joint Way Industries Limited by
the High Court of Hong Kong was made on May 6, 2004 and
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 July 7,
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 the hearing by himself or his
counsel for that purpose. A copy of the said 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.

CHU & LAU
Solicitors for the Petitioner,
2nd Floor, The Chinese General Chamber of Commerce Building
24-25 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 6th day of July
2004.


KABOOL INDUSTRY: Creditors Must Prove Debts on June 28
------------------------------------------------------
The creditors of Kabool Industry (Hong Kong) Limited, which is
in Member's Voluntary Liquidation, are required (if they have
not already done so), on or before 4:30 p.m. on June 28, 2004,
to send their names, addresses, and particulars of their debts
and claims, and the name and address of their solicitors, if any
to the Official Receiver's Office at 10th Floor, Queensway
Government Offices, 66 Queensway, Hong Kong, and to establish
any title they may have tp prioritize under Section 265 of the
Companies Ordinance or in default thereof they will be excluded
from the benefit of the distribution made next after the 28th
day of June 2004 or as the case may be from objecting to such
distribution.

Joseph K.C. Lo
Darach E. Haughey
Joint and Several Liquidators,
26th Floor, Wing On Centre
111 Connaught Road Central
Hong Kong

This announcement is dated June 11, 2004.


MAGNUM INTERNATIONAL: Appoints New Director
-------------------------------------------
The Board of Directors of Magnum International Holdings Limited
announces that Ms. Gan Cheong Ann retired as an independent non-
executive director of the company at the annual general meeting
of the Company held on June 10, 2004. Ms. Gan confirmed that she
has no disagreements with the Board and there is no matter
relating to her retirement that will need to be brought to
attention of the shareholders of the Company.

The Board would like to express its appreciation to Ms. Gan for
her valuable contribution to the company.

The Board is also pleased to announce that Mr. Wong Ming Shiang
has been appointed as independent non-executive director of thr
Company effective June 11, 2004.

Mr. Wong Ming Shiang, age 39, is a member of the Malaysian
Institute of Accountants as well as CPA Australia. Mr. Wong
commenced his career with public accounting firms and is
currently a consultant. He is also an independent non-executive
director of Magnum Corporation Berhad, the ultimate holding
company of the Company and Magnum 4D Berhad, a fellow subsidiary
of the Company.

Mr. Wong is an independent person and does not have any
relationship with any director, senior management, substantial
shareholders of the Company. He does not have any interest in
the shares of the Company within the meaning of Part XV of the
Securities and Finance Ordinance.

There is no service contract between the Company and Mr. Wong.
Same as the other directors, his director fee will be determined
by the Board annually with reference to the same position in the
market and his performance during that year.

At the date of this announcement, the Board comprises Mr. Lim
Teong Leong, Mr. Tam Cheok Wing, Mr. Ooi Sin Heng and Mr. Chan
Hon Ming as executive directors and Mr. Wong Ming Shiang and Ms.
Kwan Huey Jin as independent non-executive directors.

By order of the Board
LIM TEONG LEONG
Chairman

This announcement is dated June 11, 2004.


WINFUL INTERNATIONAL: Winding Up Hearing Set on July 21
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Winful International (Holding) Limited by the High Court of Hong
Kong was on May 31, 2004 presented to the said Court by Liu
Chong Hing Bank Limited whose registered office is situated at
Ground Floor, New World Tower 2, 16-18 Queen's Road Central,
Hong Kong. The said Petition is directed to be heard before the
Court at 9:30 a.m. on July 21, 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. FUNG & LIU
Solicitors for the Petitioner,
Suite 2110, 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 20th day of July
2004.


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


PERTAMINA: To Finalize Sale of Two VLCCs This Week
--------------------------------------------------
The sale of Indonesian state oil company Pertamina's two Very
Large Crude Carriers (VLCC) to Norway's Frontline LTD for more
than US$190 million will be finalized this week, reports Dow
Jones, citing Pertamina president-director Ariffi Nawawi.

Frontline LTD was chosen out of 60 prospective firms that
responded to a tender Pertamina issued in May this year to sell
the giant tankers.

Mr. Ariffi said the firm is selling VLCCs because they are not
into the tanker business and it is "more efficient chartering
than owning tankers."


PERTAMINA: Pertamina Denies Corruption Allegations
--------------------------------------------------
State oil and gas company PT Pertamina denied on Sunday
accusations that it had treated a number of legislators to Hong
Kong and South Korea tours to cajole them into approving the
planned sale of two giant oil tankers, relates The Jakarta Post.

According to Pertamina spokesman Hanung Budya Yukyanta, the
legislators were indeed touring the two countries, but for the
purpose of getting information from South Korean shipbuilder
Hyundai Heavy Industries, which is building two Very Large Crude
Carriers (VLCC). The spokesman added that the trips were funded
by the state and not by Pertamina.

"The visit, which started on June 13 is part of transparency in
the process to invest in the two VLCCs. It is part of the
implementation of good corporate governance," Hanung said in the
press statement.

Under former Pertamina president Baihaki Hakim, Pertamina
decided to buy two VLCCs for a total of US$130 million in 2002.
He had said that with the two tankers, Pertamina would save fuel
transportation costs by up to US$7 million a year. Furthermore,
it would provide Pertamina a stronger bargaining position in
dealing with tanker owners, who often force Pertamina to pay
steep leasing fees.

However, citing cash flow problems, the new management under
president director Ariff Nawawi, has decided to sell the two
tankers, a decision that has sparked suspicions that the new
management had hidden motives behind the planned sale, including
their alleged desire to continue enjoying kickbacks from tanker
owners.


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


ASHIKAGA BANK: Posts Widened Annual Losses
------------------------------------------
Ashikaga Bank has reported a net loss of JPY783bln (US$7.1bln)
in the year to last March as its liabilities outweighed its
capital by JPY679 billion, far exceeding the estimated negative
net worth figure of JPY102.3 billion given upon its
nationalization in November, the Financial Times reports.

A more meticulous assessment of Ashikaga Bank's troubled
borrowers is being fingered as the reason for the widened loss,
as it forced the bank to increase loan-loss reserves
substantially. The widened loss has also led to warnings that
the bank will need to set aside more reserves than expected
against non-performing loans.

The dominant lender in Tochigi prefecture also sees that because
of its high levels of bad debts, it will still have a negative
net worth of JPYY580 billion even if the government plan to sell
it back to the private sector in three years pushes through.

At the time of its nationalization, Ashikaga's bad debts stood
at JPY544 billion. It has since climbed by JPY190.7 billion to
JPY735 billion. Furthermore, its ratio of non-performing loans
has risen at the end of March to 20.31 percent from 13.93
percent.

Ashikaga also announced a three-year rehabilitation plan which
calls for reducing personnel by 30 percent and net profits of
JPY40.5 billion in the year to March 2007. By that time, the
bank also intends to have already trimmed down the ratio of its
non-performing loans to 6 percent.


FUJITSU LIMITED: S&P Upgrades Credit Rating
-------------------------------------------
U.S. credit-rating agency Standard & Poor's said Friday it has
revised upward the outlook of its BB-plus long-term corporate
credit rating on Fujitsu Ltd to stable from negative, Kyodo News
relates.

A recovery in the company's profitability and cash flow,
supported by progress in business restructuring in its
electronic devices and platform operations is reflected in the
revised rating, S & P said.


KYUSHU INDUSTRIAL: Incurs JPY1.1B Loss
--------------------------------------
Troubled bus operator Kyushu Industrial Transportation Co
reported on Friday that in the business year that ended March
31, it has incurred a net loss of JPY1.1 billion, Kyodo News
reports.

However, the company said it registered a pretax profit of
JPY200 million, 46.5% more than projected in its revival plan.

This is the first time Kyushu Industrial Transportation
announced an earnings report since the state-backed Industrial
Revitalization Corp of Japan decided to rescue the bus firm in
April 2003.


MITSUBISHI MOTORS: Police Raid Ex-Head's Home
---------------------------------------------
Police on Monday raided the home of the former president of
Mitsubishi Motors Corp., who was arrested last week along with
five other executives on suspicion of hiding auto defects.

According to a Dow Jones report, the home of former Mitsubishi
Motors Corp. (7211.TO) president Katsuhiko Kawasoe in Nagoya,
central Japan, was searched by police for further evidence that
would pin him on charges of professional negligence that has
resulted in a fatal accident involving a Mitsubishi truck in
Yamaguchi Prefecture, western Japan, in 2002.


MITSUBISHI MOTORS: Reviewing Revival Plan
-----------------------------------------
Less than a month after announcing its business revival plan,
troubled automaker Mitsubishi Motors Corp. (MMC) has begun
reviewing its plan, as the company has observed consumers have
been shying away from buying its cars following controversial
revelations about the company, relates Kyodo News, citing
sources within the company.

Company sources said that the review could include a downward
revision of sales targets in Japan, which may be announced after
MMC's general meeting on June 29.


MITSUBISHI MOTORS: No Cuts In Domestic Sales Target
---------------------------------------------------
Despite the severity of its domestic sales conditions, troubled
automaker Mitsubishi Motors Corp. (7211.TO) said Monday it has
no plans of cutting its sales target for Japan, contrary to a
Nihon Keizai report over the weekend, relates Dow Jones.

The MMC statement was in response to the local business daily's
report that its domestic sales target for the current fiscal
year will be reduced from 300,000 vehicles to 220,000, and that
the ailing automaker will also slash 11,000 jobs from the end of
the fiscal year through March 2007.

An MMC spokesman denied the reported job and sales target cuts,
but suggested the firm may need to take further restructuring
steps to revive its fortunes.

Mitsubishi Motor's domestic sales fell 56% in May from a year
earlier after the firm's image took a beating from a series of
recalls at Mitsubishi Fuso Truck & Bus Corp, which was spun off
from Mitsubishi Motors last year. The automaker's image was
further tainted after its admission earlier this month that it
had secretly fixed 26 types of defects in its vehicles without
recalling them, despite being required by law to do so. To top
everything off, former president Katsuhiko Kawasoe was arrested
Thursday for his alleged failure to report a clutch defect
believed to have caused an accident that killed a 39-year-old
driver in 2002.


MITSUBISHI MOTORS: Faces Fine For Cover-up
------------------------------------------
Mitsubishi Motors Corp. (MMC) could face a fine of up to
JPY200,000 after Japan's transport ministry asked the Tokyo
District Court to fine the troubled automaker for its failure to
recall trucks to fix a clutch defect that led to the death of a
39-year-old driver in Yamaguchi, western Japan, in 2002, AFX-
ASIA reveals.

The JPY200,000 yen maximum fine was the penalty in force in
early 1996, which the ministry alleges was the time the carmaker
already knew that the defect could cause serious accidents but
failed to take any action.

Mitsubishi Fuso Truck and Bus, spun off from Mitsubishi Motors
in 2003, recalled 180,000 units only last month to repair the
defective clutch system.


UFJ BANK: Mulls Pay Cuts For All Employees
------------------------------------------
In its bid to increase financial resources for the disposal of
bad loans, UFJ Bank is studying an option to slash the wages of
all its personnel, Kyodo News relates, citing a report by local
daily Asahi Shimbun.

A core unit of UFJ Holdings Inc., UFJ bank is set to discuss the
matter in its upcoming talks with its labor union. Earlier, the
bank has already decided to slash summer bonuses for employees
by 20 percent.


UFJ GROUP: To Slash Executives' Pay by 50%
------------------------------------------
To reflect their responsibility for incurring a JPY400 billion
net loss for the UFJ Group in fiscal 2003, the top executives of
the banking group are in for a 50 percent cut in their pay from
July through September, reveals Bloomberg, citing a report by
Nikkei English News.

Without citing sources, Nikkei reported that the pay cut will
affect all executives above the corporate officer level at UFJ
Holdings, UFJ Bank and UFJ Trust Bank. It added that directors'
compensation will also be cut by as much as 30 percent after
September.

The UFJ Group, which would elect a new management team after the
shareholders' meeting June 25, also won't pay common stock
dividends in fiscal 2003, Nikkei reported. UFJ is Japan's
fourth-largest lender by assets.


UFJ HOLDINGS: Sumitomo Finalizing Units' Purchase
-------------------------------------------------
Negotiations for the acquisition by Sumitomo Trust & Banking Co.
(8307.TO) of two asset management subsidiaries of UFJ Holdings
are already in its final stage, revealed Dow Jones Saturday,
quoting Kyodo News.

The purchase amount for UFJ Partners Asset Management Co. and
UFJ Asset Management Co., which will be decided by July, could
reach tens of billions of yen, Kyodo News quotes an Asahi
Shimbun report as saying.

According to the local business daily, Sumitomo and UFJ have
studied the option of transferring business rights of UFJ
Partners and UFJ Asset Management to STB Asset Management Co., a
Sumitomo Trust subsidiary. The transfer, the Asahi report said,
would turn STB Asset into an asset management company with a
total of almost Y2 trillion in operating assets.

The Sumitomo Trust unit will sell investment trust products
through a branch network of UFJ Bank, a core unit of UFJ
Holdings Inc., the local daily said.

If the sale is successful, it is expected to strengthen Sumitomo
Trust's operations, while UFJ would be able to raise money
needed to speed up its bad-loan cleanup.


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


HYNIX SEMICONDUCTOR: Signs Nonmemory Sale Deal With Citigroup
-------------------------------------------------------------
In a statement, Korean memory-chip maker Hynix Semiconductor
Inc. announced it has inked a KRW954.3 billion (US$820.3
million) business-transfer agreement for its system integrated
circuit business with System Semiconductor Ltd., a newly formed
company by Citigroup Venture Capital Equity Partners L.P. and
CVC Asia Pacific Ltd., reports The Korea Herald.

The sale, which was approved by Hynix's creditor banks earlier
this month, will be voted on by the company's shareholders in a
meeting set for July.

Proceeds from the sale will help the Icheon, South Korea-
based Hynix to cut its KRW4.2 trillion debt and keep up with
larger memory-chip producers Samsung Electronics Co. and Micron
Technology Inc. on spending. Analysts also said the cash raised
from the sale will also help Hynix finance a new chip plant in
China.


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


ANCOM BERHAD: Releases Shares Buyback Results
---------------------------------------------  
Ancom Berhad disclosed to Bursa Malaysia Securities Berhad the
results of its shares buyback on Friday, June 11, 2004.
  
Description of shares purchased: Ordinary shares of RM1.00 each

Total number of shares purchased (units): 85,400

Minimum price paid for each share purchased (RM): 0.820

Maximum price paid for each share purchased (RM): 0.840

Total consideration paid (RM): -

Number of shares purchased retained in treasury (units): 85,400

Number of shares purchased which proposed to be cancelled
(units): -  

Cumulative net outstanding treasury shares as at to-date
(units): 2,709,600

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


ANTAH HOLDING: Issues Update On Litigations
-------------------------------------------
The Board of Directors of Antah Holdings Berhad (Antah) released
an update to Bursa Malaysia Securities Berhad on the status of
Antah's involvement in litigation for the period of 11 May 2004
to 10 June 2004. The involvement in litigation has been divided
into three categories namely financial institutions, non-
financial institutions and corporate guarantee as listed under
the table below.

The Board of Directors also disclosed that Antah is currently at
an advanced stage of finalizing with the lenders and creditors
on the details terms of the Proposed Debt Restructuring Scheme.
Certain lenders and creditors have indicated positive feedbacks
on the Scheme. The Company is expected to make an appropriate
announcement in due course upon finalization of the Scheme.

(1) Financial Institutions

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

(1) Kuala Lumpur High Court Suit No. D3-22-152-2003:
Aseambankers Malaysia Berhad-vs-Antah Holdings Berhad- 12 July,
2004/Hearing

(2) Kuala Lumpur High Court Suit No. D6-22-240-2003:
EON Bank Berhad-vs-Antah Holdings Berhad- 16 June, 2004/Hearing

(3) Kuala Lumpur High Court Suit No. D1-22-280-2003:
Mizuho Corporate Bank Ltd-vs-Antah Holdings Berhad- 13 July,
2004/Hearing on appeal of Plaintiff's O.14 RHC 1980.
- 14 July, 2004/Hearing on stay of execution's application.
- 22 June, 2004/Hearing on discharge application.

(4) Kuala Lumpur Sessions Court Suit No. S7-22-584-2002: Arab
Malaysian Bank Berhad-vs-

i) Antah Holdings Services Berhad

ii) Antah Holdings Berhad- 27 July, 2004/Hearing on appeal of
Plaintiff's O.14 RHC 1980.

(5) Kuala Lumpur High Court Suit No. S1-22-836-2002: AmBank
Berhad-vs-Antah Holdings berhad- 23 August, 2004/Hearing

(6) Kuala Lumpur Sessions Court Smn No. S8-52-16056-03: Southern
Investment Bank Berhad-vs-Antah Holdings Berhad - 13 July,
2004/Mention

(7) Kuala Lumpur High Court Smn No. S2-52-16651-2003: Public
Merchant Bank Berhad-vs-Antah Holdings Berhad- 8 July,
2004/Hearing

(8) Kuala Lumpur High Court Smn No. D4-22-1401-2003: RHB Bank
Berhad-vs-Antah Holdings Berhad- 17 June, 2004/Hearing on
application to discharge- 25 June, 2004/Decision

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.

(1) Kuala Lumpur High Court Suit No. S3-22-483-2003: Ng Ah Hooi-
vs-Antah Holdings Berhad

Kuala Lumpur High Court Suit No. S7-22-237-04: Antah Holdings
Berhad v Ng Ah Hooi- 21 July, 2004/Mention for case management

- 29 July, 2004/Hearing on inter-parte injunction application.

(2) Shah Alam Sessions Court Smn No. 52-3319-03: Sing Motor
Works Sdn Bhd-vs-Antah Holdings Berhad- 13 July, 2004/Mention

(3) Georgetown Sessions Court Smn No. 52-2241-2003: Hong Bee
Hardware Co Sdn Bhd-vs-Antah Tristar Sdn Bhd and Antah Holdings
Berhad- 25 June, 2004/Hearing

(4) Shah Alam Sessions Court Smn No. S4-52-4122-2003: Supermix
Concrete (Malaysia) Sdn. Bhd.-vs-Antah Tristar Sdn. Bhd. and
Antah Holdings Sdn. Bhd.- 16 June, 2004/Mention

- 16 June, 2004/Hearing on application to discharge

(5) Shah Alam Magistrate Court Smn No. 72-1905-2003: Global Max
Print Sdn Bhd-vs-Antah Holdings Berhad- Attended Court on 25
May, 2004 and no next mention date fixed.

(6) Shah Alam Sessions Court Smn No. S2-5034-03: Techvance
Marketing Sdn Bhd-vs-

(1) Antah Tristar Sdn Bhd

(2) Antah Holdings Berhad- 26 July, 2004/Mention

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

(3) Corporate Guarantee

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.


AOKAM PERDANA: Court Grants Extension Time To Convene Meeting
-------------------------------------------------------------
Aokam Perdana Berhad refers to its announcement made to Bursa
Malaysia Securities Berhad dated 26 February 2004 disclosed that
the High Court of Malaya had on 25 May 2004 granted Aokam and
its subsidiaries, Aokam Industries Sdn Bhd (AISB) and
Pembangunan Papan Lapis (Sabah) Sdn Bhd (PPL), leave to extend
time to convene the creditors' meeting and restraining order.
These are the details:

(i) The Applicants are to convene meetings with their respective
classes of scheme creditors pursuant to Section 176(1) of the
Act within thirty (30) days from the date of the Order which was
25 May 2004; and

(ii) Restraining Order to all further proceedings in any action
or proceeding whatsoever and howsoever against Aokam and PPL
pursuant to Section 176(10) of the Act for a period of thirty
(30) days from the date of the Order which was 25 May 2004.


BERJAYA GROUP: Details Proposed Joint Venture With KUB  
------------------------------------------------------
Berjaya Group Berhad disclosed to Bursa Malaysia Berhad its
Proposed Joint Venture with KUB Malaysia Berhad on Sanitary
Landfill Project.

(1) Introduction

The Board of Directors of Berjaya Group Berhad (BGroup) is
pleased to announce that the Company will be entering into a
joint venture with KUB Malaysia Berhad (KUB) to undertake a
long-term sanitary landfill project at Bukit Tagar, Selangor on
a 60:40 basis.

Both parties have jointly submitted a proposal to the Federal
Government seeking a grant of concession to undertake the solid
waste management project handling solid waste disposal in the
central region of Selangor, Kuala Lumpur and Putrajaya. The
Company and KUB are in the final stages of discussion and
negotiation with the Federal Government on the proposal.

(2) Information on the Joint-Venture Company

A joint-venture company proposed to be known as KUB-Berjaya
Enviro Sdn Bhd (KBE), will be set up for this purpose and is
proposed to be initially capitalized at RM10 million.

(3) Brief Information on KUB

KUB is a company listed on the Main Board of Bursa Malaysia
Securities Berhad. KUB's core businesses encompass education and
training, food and beverage, information and communications
technology and liquefied petroleum gas. Other business
activities in which the company is involved include property and
construction; IT and telecommunication (e-commerce applications,
software development and business systems' consulting services);
oil palm plantation and the consumer products business.

(4) Details of the Project

The proposal is premised on the following concept:

(i) KBE's role would encompass:

(a) Constructing the landfill infrastructure and facilities

(b) Operating, maintaining and managing the landfill over the
concession period

(ii) The Federal Government's role would encompass the
following:

(a) Provide a concession to KBE to operate, maintain and manage
the landfill

(b) Pay for waste disposed and treated at the landfill

The capital expenditure for the Project expects to be funded via
internally generated funds and borrowings.

(5) Rationale for the investment in the joint venture

The Project is a long-term investment which is expected to
generate cashflow and profitability for the group.

(6) Financial Effects of the Project

(6.1) On Issued and Paid-Up Share Capital

The Project will not have any effect on the issued and paid-up
share capital of BGroup.

(6.2) On Net Tangible Assets (NTA)

The Project will not have an immediate effect on the NTA of the
group.

(6.3) On Earnings

It is expected that the Project will contribute positively to
the earnings of the group.

(7) Risks Factors in relation to the Project

Business Risks

As in any business venture, the Project is exposed to the normal
risks inherent due to the overall macro economic environment
cyclical or otherwise. Specific risks such as liquidity and
credit risks as well as inflationary pressures become part and
parcel of doing business.

Dependence on Key Personnel

The future performance of the Project will depend to a
significant extent on the ability and continued efforts of the
directors and senior management of KBE to maintain and improve
the quality standard of the services.

(8) Directors and Major Shareholders Interests

None of the Directors and/or substantial shareholders of BGroup
has any interest, direct or indirect, in the Project.

(9) Directors' Recommendation

The Directors of BGroup are of the opinion that investment in
the joint-venture project is in the best interest of the group.


BUKIT KATIL: Appoints New Company Director
------------------------------------------
Bukit Katil Resources Berhad disclosed to Bursa Malaysia
Securities Berhad the appointment of Kamil bin Datuk Haji Abdul
Rahman as a new director of the company.

Qualifications:

(1) Bachelor of Commerce, University of Otago, New Zealand

(2) Associate Chartered Accountant, Institute of Chartered
Accountants, New Zealand

(3) Chartered Accountant, Malaysian Institute of Accountants

(4) Fellow Chartered Secretary, Institute of Chartered
Secretaries and Administrators, United Kingdom

(5) Fellow, Institute of Company Secretaries Malaysia

(6) Certificate, Building Contractor, Universiti Putra Malaysia

(7) Director Accreditation Programme: Research Institute of
Investment Analysts

This amended disclosure is to supersede the announcement made on
31 May 2004 which was erroneous, as Encik Kamil had resigned as
Director of Hotline Furniture Berhad effective 19 May 2004 as
per his notification to the company dated 9 June 2004.


COMMERCE INTERNATIONAL: Revises Sinking Fund Deposit Schedule  
-------------------------------------------------------------
Further to the announcement made by FACB Resorts Berhad on 9
April 2004, Commerce International Merchant Bankers Berhad
(CIMB), on behalf of FACB, announced to Bursa Malaysia
Securities Berhad that the Securities Commission (SC) had on 9
June 2004 approved the revision to the schedule of the sinking
fund deposit (Sinking Fund Account) in respect of the Bonds
2001/2005 (Revised Schedule), subject to the following
conditions:

(i) CIMB is required to ensure that all relevant parties,
including but not limited to the bondholders, trustee and the
rating agency of the Bonds 2001/2005, are fully informed of the
Revised Schedule and where required, consented to the said
revision;

(ii) CIMB is required to inform the SC on the status of the
Sinking Fund Account within two (2) weeks from 30 June 2004; and

(iii) CIMB is required to submit a written confirmation to the
SC that the above conditions have been met as soon as possible.

Click for the details of the Revised Schedule
http://bankrupt.com/misc/commerceinternational061104.doc

This announcement is dated 11 June 2004.


CONSOLIDATED FARMS: Issues Details On Non-Payment Of Credit
-----------------------------------------------------------
Further to the announcement under Practice Note No. 1/2001 on 4
June 2004, the Board of Consolidated Farms Berhad (Confarm)
disclosed to Bursa Malaysia Securities Berhad that Confarm Group
is unable to pay the additional principal in respect of its
credit facilities as set out in Table 1.

The company and its financial advisors, Deloitte KassimChan
Business Services Sdn Berhad, have met with the respective
lenders to apprise them on Confarm Group's current financial
condition and have sought their indulgence and consideration to
provide a standstill period in respect of the Group's credit
facilities for it to carry out a financial review and, if
appropriate, formulate a restructuring/workout scheme.

This announcement is dated 11 June 2004.

Table 1

Additional Amount of Principal Due from 5 June 2004 to 11 June
2004

Lender          Borrower Additional Amount Due   Type of
                              from 5 June 2004 to     Facilities
                              11 June 2004
                              (RM' 000)

Malayan    Confarm           ,001.0       Bankers'Acceptance(BA)
Banking
Berhad

Bumiputra  Confarm          282.0                BA
Commerce
Bank
Berhad

Total                      1,283.0  
                        
Note: The above figures are based on the Company's records and
exclude any penalty interest that may be charged by the
respective lenders.


DISCCOMP BERHAD: MITI Rejects Application For License
-----------------------------------------------------
Further to the earlier announcement dated 12 March 2004, the
Board of Directors of Disccomp Berhad announced to Bursa
Malaysia Securities Berhad that the Ministry of International
Trade and Industry Malaysia (MITI) had rejected the Company's
appeal on the application for the license for the replication of
DVD+R and the waiver from the 100 percent export condition
imposed on the Company in a letter received from MITI on 10 June
2004.

In view of the above, the Company is exploring other business
opportunities.


FARLIM GROUP: Issues Notice On EGM  
----------------------------------
Farlim Group (Malaysia) Berhad disclosed to Bursa Malaysia
Securities Berhad that the company's Extraordinary General
Meeting (EGM) will be held on Tuesday, 29 June, 2004 for the
purpose of considering and if thought fit, passing Ordinary
Resolutions in respect of:

- The proposed disposal of leasehold interest; and
- The proposed disposal of equity interest in Crimson Omega Sdn
Berhad

Details of the said EGM are set out in the Notice annexed
hereto.
http://bankrupt.com/misc/FARLIMGROUP061404.doc


GEAHIN ENGINEERING: Court Approves Proposed Restructuring Scheme
----------------------------------------------------------------
Geahin Engineering Berhad disclosed to Bursa Malaysia Securities
Berhad with reference to its Proposed Restructuring Scheme and
the Petition which was heard and was duly approved by the High
Court on Friday.

Geahin announced that the Proposed Restructuring Scheme of
Arrangement as disclosed in the Explanatory Statement which was
issued to the Creditors and the Members of the Petitioner and
approved by the Creditors and Members of the Petitioner in the
Creditors' Meeting and the Members' Meeting respectively is
hereby approved by the Court and is binding on the Petitioner,
the Creditors and the Members of the Petitioner under the said
Scheme of Arrangement, pursuant to Section 176 (3) of the
Companies Act 1965.


KILANG PAPAN: Enters Agreement For Shares' Purchase Price
--------------------------------------------------------  
On 10 June 2004, Kilang Papan Seribu Daya Berhad (KPSD) and the
vendors of the shares of Resofocus Corporation Sdn Bhd
(Resofocus), Messrs Ling Tung Leh and Genol bin Lopidi entered
into a supplementary agreement for the reduction in the purchase
price of all the fully paid-up shares of Resofocus to
RM71,171,629.

This reduction is due to a revised valuation by the Securities
Commission of the rights and interest in Begaraya Sdn Bhd which
is a 70 percent owned subsidiary of Resofocus. As such, the
vendors are required to refund the difference of between the
deposit paid of RM80,00,000 and the revised purchase price of
RM71,171,629 amounting to RM8,828,371 in four annual
installments from the anniversaries of the date of the
agreement.

The agreement provides for the revision of terms of repayment
should the Securities Commission not agree to such terms of
repayment.


MAXIS COMMUNICATIONS: Issues Additional 18,000 Ordinary Shares
--------------------------------------------------------------
Maxis Communications Berhad disclosed to Bursa Malaysia
Securities Berhad that an additional 18,000 new ordinary shares
of RM0.10 each issued pursuant to the Employees Share Option
Scheme (ESOS) will be granted listing and quotation with effect
from 9:00 a.m., Tuesday, 15 June 2004.

As the new ordinary shares arising from the ESOS shall not be
entitled for final gross dividend of 13.89 sen per ordinary
share, less Malaysian income tax at 28 percent, in respect of
the financial year ended 31 December 2003, they will be quoted
as MAXIS-OA.


MBF HOLDINGS: Issues Update On Civil Suit
-----------------------------------------
Reference is made to the announcement on 5 April 2004 pertaining
to Kuala Lumpur High Court Civil Suit No.D2-22-556-2003
Industrial and Commercial Bank of China (Asia) Ltd. versus MBf
Holdings Berhad.

MBf announced to Bursa Malaysia Securities Berhad that on 11
June 2004, the Plaintiff's summary judgment application has been
adjourned for delivery of judgment/clarification on 8 July 2004.

Yours faithfully,
For and on behalf of
MBf Holdings Berhad
Ding Lien Bing
Company Secretary
11 June 2004


PANTAI HOLDINGS: Issues Details Of Shares Buyback  
-------------------------------------------------
Pantai Holdings Berhad disclosed to Bursa Malaysia Berhad that
it has completed its shares buyback on Friday, June 11, 2004.
The following are the details of the buyback:

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

Total number of shares purchased (units): 32,000

Minimum price paid for each share purchased (RM): 0.840

Maximum price paid for each share purchased (RM): 0.850

Total consideration paid (RM): 27,228.18

Number of shares purchased retained in treasury (units): 32,000

Number of shares purchased which are proposed to be cancelled
(units): -

Cumulative net outstanding treasury shares as at to-date
(units): 19,130,000

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


PERNAS INTERNATIONAL: Issues Update On Agreements
-------------------------------------------------
Reference is made to the announcement made by Pernas
International Holdings Berhad (PIHB) to Bursa Malaysia
Securities Berhad dated 30 April 2004 in relation to the
Proposed Acquisition Of The Entire Equity Interest Of Ambang
Budi Sdn Bhd (ABSB) And The Joint Venture That ABSB Has Entered
Into With Hartaplus Realty Sdn Bhd (Hartaplus) and Renewed
Development Sdn Bhd (Renewed) To Develop Approximately 865.09
Acres Of Land Held Collectively Under H.S.(D) 342889 PTD 47439,
H.S.(D) 342891 PTD 47441 And Part Of H.S.(D) 342890 PTD 47440
All Of Which Are Situated In Mukim Senai-Kulai, Daerah Johor
Bahru, Negeri Johor (ABSB Land).

Aseambankers Malaysia Berhad, on behalf of the Board of
Directors of PIHB, announced that PIHB has consented to an
extension of 17 days for the cash payment of RM3,778,900 by
Hartaplus to ABSB due under the joint venture to develop the
ABSB Land.

PIHB had been informed by ABSB (via their letter dated 9 June
2004) that an extension of 17 days from 31 May 2004 to 17 June
2004 had been requested by Hartaplus for the full cash payment
of RM51,778,900 (First Guaranteed Entitlement) being the first
part of the aggregate RM181,778,900 due under the joint venture
agreement between ABSB, Hartaplus and Renewed dated 1 October
2003.

To date, RM48,000,000 of the First Guaranteed Entitlement has
been paid by Hartaplus to ABSB. ABSB, with the consent of PIHB,
has agreed to grant Hartaplus the extension of time sought of 17
days to settle the remaining RM3,778,900 outstanding.

All other terms and conditions of the joint venture agreement
between ABSB, Hartaplus and Renewed remain unchanged.

This announcement is dated 11 June 2004.


PERNAS INTERNATIONAL: Sets EGM On June 29
-----------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Pernas
International Holdings Berhad (PERNAS) announced that it will be
holding an Extraordinary General Meeting (EGM) on Tuesday, 29
June 2004 at 11:30 a.m. or immediately following the conclusion
or adjournment (as the case may be) of the Annual General
Meeting of the Company, whichever is later, at the Grand Mahkota
Ballroom, Ballroom Floor, Hotel Istana, 73 Jalan Raja Chulan,
50200 Kuala Lumpur.

A copy of the Notice of the EGM is attached.

The Notice of the EGM will appear in the following newspapers on
14 June 2004:

(1) The New Straits Times
(2) Utusan Malaysia
(3) The Star
(4) Sin Chew Jit Poh

To view full copy of the EGM notice, click
http://bankrupt.com/misc/pernasinternational061104.doc


PROMTO BERHAD: Receives Summons-In-Chambers
-------------------------------------------
The Board of Directors of Promto Berhad disclosed to Bursa
Malaysia Securities Berhad that the Company had on 11 June 2004
received a Summons-in-Chambers pertaining to an application by
Kuan Mei Ling, the Receivers and Managers of the following
subsidiary companies:

(1) Syarikat Lee Engineering (Kota Bahru) Sendirian Berhad
(2) Chee Keong (Malaysia) Sdn. Bhd.
(3) Ipoh Pipe Industries Sdn. Bhd.
(4) Milnes Technology Sdn. Bhd.
(5) Jasa Timor Sendirian Berhad
(6) Fuller CMS Sdn. Bhd.
(7) Louvre Products Industries Sdn. Bhd.
(8) Goodlite Trading Sdn. Bhd.

To attend before the Judge in Chambers on 18 June 2004 on the
hearing of the following orders:

(1) That the Intended Intervener be added as a party to the
Originating Summons on the Restraining Order by Promto Bhd and
it subsidiaries and named as an intervener thereto;

(2) That the Originating Summons in the above action and all
cause papers in the above action be deemed duly amended by
adding the name of the Intended Intervener as Intervener;

(3) That the Order of the Court dated 7 May 2004 be varied
accordingly to provide that the Intended Intervener is herein
granted leave of Court to sell and/or dispose of the property
and assets of the Applicants in Receivership;

(4) That the cost of the application be borne by the Applicants
in Receivership; and

(5) For such further or other relief as the Court thinks fit.

This announcement is dated 14 June 2004.


RHB CAPITAL: Issues Update On New Organizational Structure
----------------------------------------------------------
RHB Capital Berhad disclosed to Bursa Malaysia Berhad that its
new organizational structure which took effect last 18 May 2004
has the following Heads of Division who will be reporting to the
Group Executive Chairman of the Company and the RHB Capital
Board of Directors:

(1) Finance
(2) Business Engineering
(3) Corporate & Employee Communication
(4) Human Resources
(5) Information Technology
(6) Internal Audit (report to the Audit Committee and
administratively to the Executive Chairman)
(7) Legal & Compliance
(8) Secretariat
(9) Risk Management

RHB Capital also announces the appointment of Mr. Albert Chan
Huat Cheng as the Chief Financial Officer of the Company.

This announcement is dated 11 June 2004.


RNC CORPORATION: Disposes of Subsidiary
---------------------------------------
On behalf of Special Administrators of RNC Corporation Berhad
(Special Administrators Appointed) (RNC), OSK Corporations
Berhad announced to Bursa Malaysia Securities Berhad that
further to RNC's announcements dated 11 June 1999 and 31 March
2000 and pursuant to the Settlement Agreement between RNC,
Syarikat Nam Ah Sdn Bhd (SNA), Pengurusan Danaharta Nasional
Berhad (Danaharta), Mr. Tai Siew Koon and Aliran Ihsan
Rersources Berhad (AIRB) dated 16 August 2001, the Supplemental
Share Sale Agreement to the Share Sale Agreement (20 March 2000)
dated 7 April 2003 and the amendment to the Settlement Agreement
dated 26 April 2004, RNC has disposed its wholly-owned
subsidiary company, SNA, to Mr. Tai for a purchase consideration
of RM100,000 on the effective transfer date of 10 June 2004.

The said disposal forms part of the Proposed Scheme of RNC which
was approved by the Securities Commission vide its letters dated
13 and 17 November 2003 respectively. The purchase consideration
of RM100,000 is for the 10 million ordinary shares of RM1.00
each representing 100 percent of the issued paid-up share
capital of SNA.

Financial effects

The disposal of SNA will result in a credit of approximately
RM23.88 million to the income statement of RNC Group and a
charge of approximately RM17.59 million to the income statement
at the RNC company level. This represents approximately 11
percent of the net liabilities being written off from the RNC
Group.

Operational effects

The disposal will result in RNC being a Company with no
operations.

This announcement is dated 11 June 2004.


SIME DARBY: Issues Additional 49,000 Ordinary Shares
----------------------------------------------------
Sime Darby Berhad disclosed to Bursa Malaysia Securities Berhad
that an additional 49,000 new ordinary shares of RM0.50 each
issued pursuant to the Employees Share Option Scheme will be
granted listing and quotation effective 9:00 a.m., Wednesday, 16
June 2004.


SUNWAY CITY: BMSB To Grant 104,000 Additional Shares For Listing
----------------------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad (BMSB),
Sunway City Berhad announced that an additional 104,000 new
ordinary shares of RM1.00 each issued pursuant to the Employees
Share Option Scheme will be granted listing and quotation
effective 9:00 a.m., Tuesday, 15 June 2004.


TELEKOM MALAYSIA: Details Declaration Of Dividends
--------------------------------------------------
Telekom Malaysia Berhad refers to its announcement made to Bursa
Malaysia Securities Berahd dated 30 December 2003 on the
issuance of:

(I) RM2,983.5 Million Nominal Value Redeemable Unsecured Bonds
(Telekom Bonds) By Telekom (Proposed Telekom Bonds Issues)
comprising:

- RM1,983.5 million nominal value 10-year redeemable unsecured
bonds (Telekom Bonds Tranche 1); AND

- RM1,000 million nominal value 15-year redeemable unsecured
bonds (Telekom Bonds Tranche 2)

(II) 2,000 Redeemable Preference Shares (Rps) Of Rm0.01 each
(Telekom Rps) comprising:

- 1,000 Class A RPS of RM0.01 each (Telekom RPS A) at an issue
price of RM1.00 each; and

- 1,000 Class B RPS of RM0.01 each (Telekom RPS B) at an issue
price of RM1.00 each.

The company announces dividends in respect of:

(i) Telekom RPS A, a gross dividend of RM86,347,094.15 or
RM86,347.09 per RPS (net dividend of RM62,169,907.79 or
RM62,169.91 per RPS). This represents a gross dividend rate of
8,634,709.41 percent per RPS (net dividend rate of 6,216,990.78
percent per RPS); and

(ii) Telekom RPS B, a gross dividend of RM36,558,219.18 or
RM36,558.22 per RPS (net dividend of RM26,321,917.81 or
RM26,321.92 per RPS). This represents a gross dividend rate of
3,655,821.92 percent per RPS (net dividend rate of 2,632,191.78
percent per RPS).

The net dividend on Telekom RPS A represents interest payable on
the Telekom Bonds Tranche 1 for the six (6) months ending 30
June 2004.

The net dividend on Telekom RPS B represents interest payable on
the Telekom Bonds Tranche 2 for the six (6) months ending 30
June 2004.

The entitlement date for the above dividends is 11 June 2004.

This announcement is dated 11 June 2004.


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


BAYAN TELECOMMUNICATIONS: Projects 12% Increase In Revenues  
-----------------------------------------------------------
Data services growth is seen to boost Bayan Telecommunications
Inc.'s (BayanTel) revenue this year by 12 percent to about
PhP5.7 billion, according to The Philippine Star on Monday.

BayanTel chief finance officer Gary Olivar said that the telco's
projected earnings before interest, taxes, depreciation and
amortization (EBITDA) in 2004 would reach PhP2.5 billion.

"So far, we have exceeded our net revenue and EBITDA targets.
Data services now contributes close to 40 percent of the
business," Mr. Olivar said.

In the first quarter, BayanTel's subscribers increased by 25
percent or 254,000, compared to the 208,000 subscribers it
reported during the same period last year.

BayanTel's provincial markets drive the sustained growth in its
fixed line services. At present, BayanTel is the leading
provider of fixed-line services in Bicol and Eastern Visayas
(Leyte and Samar) and has a significant market share in the
Visayas and Mindanao.

BayanTel, which is under court receivership, is currently
working on a debt-restructuring program involving US$477 million
in loans.


NATIONAL POWER: PhP500Bln Debt To Be Paid Through New Taxes
-----------------------------------------------------------
The national government is compelled to raise at least PhP50
billion annually through imposition of new tax measures as it
absorbs the entire PhP500 billion debt portfolio of National
Power Corp. (Napocor), ABS-CBN News reports.

According to the finance department on Friday, the absorption of
the debt portfolio is a 150-percent increase over the amount
mandated by law. Because of this, new taxes must be imposed to
pay for the maturing obligations of Napocor in order to realize
its commitment to balance the budget by 2009.

Under the Electric Power Industry Reform Act (EPIRA), the
government is obligated to absorb PhP200 billion of Napocor's
debts, but the firm's debt load has ballooned the past three
years since the law was passed, Finance Secretary Juanita
Amatong said. Ms. Amatong added that the bulk of proceeds from
new proposed taxes the government wants to levy would be set
aside to pay off Napocor's obligations.

"The power sector is the biggest problem," Ms. Amatong said. "We
will assume [the debt] all at once, and we can only pay it
through tax measures."

During an economic manager's meeting on Thursday at the Bangko
Sentral ng Pilipinas (Philippine Central Bank), a proposal to
shift the tax computation was brought up. The plan calls for the
Department of Finance (DOF) to impose a uniform 10 percent tax
on individual and corporate taxpayers' gross income instead of
the current practice of levying net income.

The plan threatens to hike the Philippines' corporate income tax
rate, one of the highest in the Asia-Pacific region, and could
dampen foreign investor confidence in the country, which already
remains at low levels, the report says.

Another mode being considered is to reduce the tax holiday
enjoyed by foreign investments as well as the proposal to levy
text messages.

According to Ms. Amatong, the blame should rest solely with the
government since it failed to provide Napocor with enough
capital to set up its power plants and transmission facilities,
the main reason why it had to resort to acquire funds through
debt.


NEGROS NAVIGATION: SEC Dares Management Show Proof or Fine Stays
----------------------------------------------------------------
The Securities and Exchange Commission (SEC) has required Negros
Navigation Co. Inc. (Nenaco) to show proof that its third-
quarter report did not contain any misrepresentation, The
Philippine Star said Monday.

The SEC had earlier levied a PHP75,000 fine on Nenaco on
suspicion the company engaged in "window-dressing." Nenaco has
appealed the fine, but the regulator won't lift the penalty
unless the company disproves its findings. The preliminary
results of the audit conducted by the SEC shows the company may
have engaged in misrepresentation, SEC general accountant
Roberto Manabat said.  

"In their third quarter report filed with the SEC, they painted
a rosy picture, but after a few months, they filed a petition
for suspension of debt payments and corporate rehabilitation,"
notes Mr. Manabat in an interview with The Philippine Star.

Nenaco, in a statement, refutes the SEC findings, adding it
fully discloses its financial records as required by the
relevant regulatory agencies in accordance with the highest
accounting standards.

Tsuneishi Heavy Industries, which is still owed by Nenaco for
dry-docking services and ship repairs rendered in 2002, claims
Nenaco's 3rd-quarter results do not reflect its real financial
condition.  In fact, Nenaco has many unpaid accounts with
suppliers including fuel companies and that its purchases are
placed on a cash-on-delivery basis.

Earlier Nenaco President Conrado A. Carballo submitted a letter
to SEC which states that, at the time it submitted its third-
quarter report for 2003, it was not aware of anything that needs
to be disclosed according to the SEC's Securities Regulation
Code.  Under this code, all listed corporation are compelled to
disclose any known trend, event or uncertainty that might
adversely affect their financial condition.

Mr. Manabat told The Philippine Star he will make the necessary
recommendation as to what course of action to take against
Nenaco.


PHILIPPINE AIRLINES: Targets US$880mln Debt by March 2005
---------------------------------------------------------
Philippine Airline (PAL) has earmarked US$220 million for debt
repayments this year, BusinessWorld reports.  

The paper quoted an unnamed PAL executive who said the company
hopes to bring down its debt to US$880 million by March 2005:
"We are on track with the rehab plan which is to reduce debt
gradually from its peak in 1999.  We also do prepayments at
times so we are very much with the debt reduction schedule which
means we would wipe out our obligations by 2009."

The Lucio Tan-controlled carrier borrowed US$2.2 billion from
both foreign and local creditors in 1999 as a result of an
aggressive expansion.  Since then, PAL has set aside PHP400-500
million of its operational profit to finance its obligations. At
present, PAL's total debt amounts to US$1.1 billion.


PHILIPPINE BANK: Issues Clarification To News Article
-----------------------------------------------------
Philippine Bank of Communications issues to the Philippine Stock
Exchange clarification to the news article entitled "PBCom
repays PhP3 billion loan to BSP" published in the June 11, 2004
issue of Today.  The article reported that "(t)he Philippine
Bank of Communications (PBCom) paid off some PhP3 billion in
emergency loans last week as it continued to recover deposits
lost during a massive bank run suffered late last.

According to sources, PBCom made the payment to the Bangko
Sentral ng Pilipinas (BSP), which, together with the Philippine
Deposit Insurance Corp., came to its assistance when the
withdrawals started.  BSP officials confirmed that the
obligation was settled last week ahead of the scheduled
repayment date.

PBCom availed of the loan in November last year and paid an
interest rate equal to the prevailing Treasury-bill rate for the
PhP3-billion loan.

In relation thereto, Philippine Bank of Communications (PBC or
the Bank), in a letter to the Exchange dated June 11, 2004,
disclosed that:

"The company would like to confirm that PBCom had prepaid the
PhP3 billion in Special Liquidity Facility from the Bangko
Sentral ng Pilipinas (BSP) well ahead of the scheduled repayment
date.

PBCom tapped the BSP's Special Liquidity Facility last year in
view of some withdrawals experienced as a result of unfounded
rumors of a perceived rift between the Bank's major
shareholders.  Contrary to the inaccurate reports on the rift
that appeared in various news columns then, the major
shareholders are united in their commitment to strengthen the
Bank to ensure sustained growth and profitability.  This
commitment was epitomized by the infusion of PhP3 billion in
additional capital last March 2004 bringing the Bank's capital
to over PhP9 billion and its capital adequacy ratio to around 23
percent, well above the 10 percent minimum required.

The major shareholders' unequivocal commitment and the
expression of PBCom, during the withdrawals last year, have also
strengthened depositors' confidence in the Bank.  From year-end
2003 PBCom has already grown its deposit base by PhP2.3 billion
thus enabling the Bank to repay the BSP ahead of the end-2004
repayment date.


PHILIPPINE LONG: Listing Of 1,000 Common Shares Set For June 15
---------------------------------------------------------------
The Philippine Stock Exchange approved on June 14, 2000, the
application submitted by Philippine Long Distance Telephone Co.
(PLDT) to list additional 1,289,745 common shares, with a par
value of PhP5.00 per share, to cover the Executive Stock Option
Plan (ESOP) of the company, at an exercise price of PhP814.00
per share.

In this connection, please be advised that a total of 1,000
common shares have been availed of and fully paid by the
optionees under the company's ESOP.  

In view thereof, the listing of the 1,000 common shares is set
for Tuesday, June 15, 2004.  This brings the number of common
shares listed under the ESOP to a total of 35,660 common shares.

The designated stock transfer agent is hereby authorized to
record and register in its books the above number of shares.

For more information, click
http://bankrupt.com/misc/pldt061404.pdf


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


FONTAINEBLEU: Creditors Must Submit Claims by July 9
----------------------------------------------------
Notice is hereby given that the creditors of Fontainebleu -The
french Kitchen Pte Ltd (In Member's Voluntary Liquidation), are
required on or before July 9, 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.

IRENE SOLANGE LEGAY
Liquidator.
C/O BDO International
5 Shenton Way
#07-00 UIC Building
Singapore 068808.

This Singapore Government Gazette announcement is dated 4 June
2004.


KOH BROTHERS: Posts Changes in Holdings
---------------------------------------
Koh Brothers Group Limited posted a notice of changes in
Director Koh Teak Huat's interests:

PART I

1. Date of notice to issuer: June 11, 2004
  
2. Name of Director and Substantial Shareholder: Koh Teak Huat

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

PART II

1. Date of change of shareholding: June 11, 2004
  
2. Name of Registered Holder: Koh Teak Huat
  
3. Circumstance(s) giving rise to the interest or change in
interest: Transfer from immediate family.

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

No. of shares held before the change: 61,683,088
As a percentage of issued share capital: 12.86
  
No. of shares which are the subject of this notice: 12,500,000
As a percentage of issued share capital: 2.61
  
Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: $0.12
  
No. of shares held after the change: 74,183,088
As a percentage of issued share capital: 15.47


PART III

1. Date of change of interest:  
  
2. The change in the percentage level: From % to %
  
3. Circumstance(s) giving rise to the interest or change in
interest:  
4. A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

PART IV

1. Holdings of Director, including direct and deemed interest: -

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


SINGAPORE INDUSTRIAL: Releases Notice of Dividend
-------------------------------------------------
Singapore Industrial Equipment (1992) Pte Ltd (In Creditor's
Voluntary Liquidation) issues notice of Dividend.

Name of Registered Office: Office of the Liquidator.

Amount Per Centum: 1.0%

First and Final or Otherwise: First & Final Payment.

When Payable: 16th of June 2004.

Where Payable: Office of the Liquidator
c/o Don Ho & Associates
Certified Public Accountants
Corporate Advisory & Recoveries
Equity Plaza
20 Cecil Street #12-02 & 03
Singapore 049705.
Tel: 6532 0320 (8 lines).
Fax: 6532 0331.

Name of Liquidator: Mr. Don M. Ho, CPA.

This Singapore Gazette Announcement is dated June 9, 2004.


STAMFLES REMOTE: Winding Up Hearing Set July 2
----------------------------------------------
Notice is hereby given for the Winding Up of Stamfles Remote
Site Services Pte. Ltd. by the High Court was on May 28, 2004
presented by ANSER TRADING & MARINE PTE LTD., a creditor, and
that the Petition is directed to be heard before the Court
sitting at Singapore at 10:00 a.m. on July 2, 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. A copy of
the said petition will be furnished to any creditor or
contributory of the Company requiring a copy of the Petition by
the undersigned on payment of the regulated charge of the same.

The Petitioner's address is 47 Jalan Pemimpin, #01-04 Sin Cheong
Building, Singapore 577200.

The Petitioner's solicitors are Haridass Ho & Partners of No. 24
Raffles Place, #18-00m Clifford Centre, Singapore 048621.

MESSRS. HARIDASS HO & PARTNERS
Solicitors for the Petitioners.

Note: Any person who intends to appear on the hearing of the
Petition must serve and or send by post to the above named
solicitors, notice in writing of his or her intention to do so.
The notice must state the name and address of the person or if a
firm, the name and address of the firm, and must be signed by
the person or firm; of 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 12 0'clock of July
1, 2004 (the day before the hearing).


TRI-MIX: Issues Notice of First Interim Dividend
------------------------------------------------
Tri-Mix Pte Ltd (In Creditor's Voluntary Liquidation) issues
notice of First Interim Dividend to Unsecured Creditors.

Name of Registered Office: Formerly of 49, Sungei Kadut Street 6
Sungei Kadut Industrial Estate
Singapore 728874

Amount Per Centum: 15 per centum

First and Final or Otherwise: First Interim Dividend to
Unsecured Creditors.

When Payable: 14th of June 2004.

Where Payable: KPMG Business Advisory Pte Ltd
16 Raffles Quay
#22-00 Hong Leong Building
Singapore 048581.

BOB YAP CHENG GHEE
Liquidator.

This Singapore Government Gazette Announcement is dated June 11,
2004.


UNITED OVERSEAS: Notice of Director's Interest
----------------------------------------------
United Overseas Land Limited posted a notice of changes in
Director Wee Wei Ling's interests:

PART I

1. Date of notice to issuer: June 11, 2004
  
2. Name of Director: Wee Wei Ling

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

PART II

(1) Date of change of interest: June 10, 2004
  
(2) Name of Registered Holder: Wee Wei Ling
  
(3) Circumstance(s) giving rise to the interest or change in
interest: Others.

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

No. of shares held before the change: 675,383
As a percentage of issued share capital: 0.089
  
No. of shares which are the subject of this notice: 50,000
As a percentage of issued share capital: 0.007
  
Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: $1.25
  
No. of shares held after the change: 725,383
As a percentage of issued share capital: 0.096

PART III

(1) Date of change of interest:  
  
(2) The change in the percentage level: From % to %
  
(3) Circumstance(s) giving rise to the interest or change in
interest:  

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

PART IV

(1) Holdings of Director, including direct and deemed interest:

REMARKS:
(1) The number of shares held before and after the transaction
under Part II No. 4 above is the total direct and deemed
shareholdings of Madam Wee Wei Ling.

(2) Madam Wee Wei Ling is a Director of United Overseas Land
Limited subsidiary, Hotel Plaza Limited and certain subsidiaries
of the UOL Group.

(3) Percentage is based on the paid up capital of UOL of
SGD 758,030,447 as of June 9, 2004.

The Directors of UOL (including those who have delegated
detailed supervision of the preparation of this Announcement)
have taken all reasonable care to ensure that the facts stated
in this Announcement are fair and accurate and that no material
facts have been omitted from this Announcement, and they jointly
and severally accept responsibility accordingly.

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


XIN XIN: Winding Up Order Made
------------------------------
In the Matter of Xin Xin Packaging Pte Ltd (RC No. 199002966H, a
winding up Order was made on May 28, 2004.

Name and Address of the Liquidator: Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #05-11/#06-11
Singapore 069118

RODYK & DAVIDSON
Solicitors for the Petitioners.

This Singapore Government Gazette Announcement is dated May 28,
2004.


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


MDX PUBLIC: Issues Clarification Of 2004 1Q Financial Statement  
---------------------------------------------------------------
As the auditor did not express any opinion on the 1st quarter
financial statements and consolidated financial statements of
MDX PCL and its subsidiary, MDX PCL, the company clarifies that:

(1) Liabilities shown in MDX's financial statements and MDX and
its subsidiaries' consolidated financial statements are higher
than its assets, together with a high level of deficit.  All
these factors cause concern about the company's continued
operation. The financial statements are, then, prepared on going
concern basis.

MDX is under implementation of Rehabilitation Plan. After
completion of the Plan, MDX will have roughly about 16.43
percent of its principal liabilities left while its paid-up
capital will increase to TBH4,756.30 million.  Furthermore, part
of its deficit will be cleared off.

(2) Financial statements of one associated company incorporated
by equity method in MDX's financial statements were not reviewed
by any other auditors.
      
The reason is that the associated company is a foreign company
which is not listed in the Stock Exchange of Thailand. So, it is
not obliged to prepare quarterly financial statements as a
listed company. Furthermore, MDX cannot participate in
management activities due to its limited shareholding.

Due to the above factors, the auditor is then unable to express
any opinion on the financial statements and consolidated
financial statements of MDX and its subsidiaries. However, MDX
has already disclosed all sufficient information in its notes of
financial statements.
        
Furthermore, the main factors that has caused the operation
result of the 1st quarter of 2004 to differ more than 20 percent
from those in 2003 is that in Q1 of 2004, MDX has higher level
of expenses. This came from recording of tax and penalty
accessed by the Revenue Department as expenses for a total
amount of TBH224 millions and loss from transfer of shares for
debt settlement according to the Rehabilitation Plan for THB64
millions.

Moreover, there are some adjustments of interest expenses using
the same amount as the receivers' orders. Thus, the increasing
of expenses that is higher than that of the revenues leads to
the increasing of loss.
      
Please be informed accordingly.
Yours sincerely,
(Songsri Kalyanamitr)
Director of Wittayu Planner Co., Ltd.
On behalf of the Plan Administrator of MDX Pcl.




* BOND PRICING: For the Week 14 June to 18 June 2004
----------------------------------------------------
     
Issuer                              Coupon   Maturity  Price
------                              ------   --------  -----



AUSTRALIA
---------

Advantage Group                      10.000%     4/15/06    1
Amcom Telecommunications Ltd         10.000%    10/28/07    2
APN News & Media Ltd                  7.250%    10/31/08    4
Australian Food & Fibre Ltd.          4.000%     12/4/08   10
Bendigo Bank Ltd                      8.000%     5/29/49   10
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.250%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.000%    10/15/04    9
BIL Finance Ltd                       9.250%    10/15/06    9
BIL Finance Ltd                      10.000%    10/15/04    9
Capital Properties NZ Ltd             8.500%     4/15/05    7
Capital Properties NZ Ltd             8.500%     4/15/07    8
Capital Properties NZ Ltd             8.500%     4/15/09    9
Citigold Corp.     12.000%   3/29/07    1
Consolidated Minerals Ltd            11.250%     3/31/05    1
Djerriwarrh Investments Ltd           7.500%     9/30/04    4
Evans & Tate Ltd                      8.250%    10/29/07    1
Fletcher Building Ltd                 7.800%     3/15/09    8
Fletcher Building Ltd                 7.900%    10/31/06    8
Fletcher Building Ltd                 8.300%    10/31/06    7
Fletcher Building Ltd                 8.600%     3/15/08    8
Fletcher Building Ltd                 8.750%     3/15/06    8
Fletcher Building Ltd                 8.850%     3/15/10    8
Fletcher Building Ltd                10.500%     4/30/05    7
Feltex Carpets Ltd                   10.250%     9/15/08    1
Fernz Corp Ltd                        8.560%    10/15/06    7
Futuris Corporation Ltd               7.000%    12/31/07    2
Gympie Gold Ltd                       8.500%     9/30/07    1
Hy-Fi Securities Ltd                  7.000%     8/15/08    8
Hy-Fi Securities Ltd                  8.750%     8/15/08   12   
Hutchison Telecoms Australia          5.500%     7/12/07    1    
Infrastructure and Utility         8.500%     9/15/13    8
New South Wales Treasury Corporation  0.500%     2/16/10   73
NPT Capital Ltd                       9.500%    11/30/04   10
Nuplex Industries Ltd                 9.300%     9/15/07    7
Powerco Ltd                           8.150%      9/1/07    7
Powerco Ltd                           8.400%     5/22/07    7
Queensland Treasury Corporation       0.500%     5/19/10   73
Richmond Ltd                         10.750%    12/15/04   10
Salomon Smith Barney Australia        4.250%      2/1/09    9
Sapphire Securities                   9.250%    12/20/06    9
Sky Network Television Ltd            9.300%    10/29/49    8
Strathfield Group Ltd                11.000%    12/31/05    1
Structural Systems Ltd               11.000%     6/30/07    1
Tower Finance Ltd                     8.750%    10/15/07    8
TrustPower Ltd                        8.300%     9/15/07    7
TrustPower Ltd                        8.500%     9/15/12    8
Vision Systems Ltd                    9.000%    12/15/08    2


CHINA & HONG KONG
-----------------

China Government Bond                  2.900%      5/24/32   61
China Government Bond                  2.600%      9/20/07   72
China Government Bond                  3.400%      4/17/23   73


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   54

MALAYSIA
--------

Asian Pac Holdings Bhd                 4.000%     12/22/05    1
Artwright Holdings Bhd                 5.500%      3/05/07    1
Arus Murni Corporation Bhd             0.500%      8/24/06    1
Berjaya Group Bhd                      5.000%     10/17/09    1
Berjaya Land Bhd                       5.000%     12/30/09    1
Berjaya Sports Toto Bhd                8.000%      8/04/12    4
Camerlin Group Bhd                     5.500%      7/15/07    1
Crescendo Corporation Bhd              3.000%      8/25/07    1
Crest Builder Holdings Bhd             1.000%      2/25/08    1
Crest Builder Holdings Bhd             3.000%      2/25/06    1
Dataprep Holdings Bhd                  4.000%       8/5/05    1
Dataprep Holdings Bhd                  4.000%       8/6/07    1
Denko Industrial Bhd                   5.000%      3/15/07    1
Eden Enterprises (M) Bhd               2.500%      12/2/07    1
Fountain View Development Sdn Bhd      3.500%      11/3/06    5
Furqan Business Organization           2.000%     12/19/05    1
Gadang Holdings Bhd                    2.000%     12/24/08    1
Grand Central Enterprises Bhd          5.000%      2/17/05    1
Greatpac Holdings Bhd                  2.000%     12/11/08    1
Gula Perak Bhd                         6.000%      4/23/08    1
Halim Mazmin Bhd                       8.000%      6/30/04    3
Hong Leong Industries Bhd              4.000%      6/28/07    1
Hubline Bhd        4.000%      1/10/06    2
I-Bhd                                  5.000%      4/30/07    1
Insas Bhd                              8.000%      4/19/09    1
Integrax Bhd                           3.000%     12/24/05    1
Killinghall Bhd                        5.000%      4/13/09    1
Kretam Holdings Bhd                    1.000%      8/10/10    1
Kumpulan Emas Bhd                      7.000%     11/15/04    1
Kumpulan Jetson                        5.000%     11/28/12    1
Lebar Daun Bhd                     2.000%       1/6/07    2
LBS Bina Group Bhd                     4.000%     12/31/06    1
LBS Bina Group Bhd                     4.000%     12/31/07    1
LBS Bina Group Bhd                     4.000%     12/31/08    1
Malaysian Government                   6.850%      3/15/06   68
Media Prima Bhd                        2.000%      7/18/08    1
Mithril Bhd                            8.000%       4/5/09    1  
Mutiara Goodyear Development Bhd       2.500%      1/15/07    1
MWE Holdings                           5.500%      10/7/04    1
NAM Fatt Corporation Bhd               2.000%      6/24/11    1
Orlando Holdings Bhd                   3.000%      3/16/05    1
OSK Holdings Bhd                       3.500%       3/1/05    1
OSK Holdings Bhd                       6.000%       3/1/05    1
Pantai Holdings                        5.000%      3/28/07    1
Patimas Computer Bhd                   6.000%      2/19/06    1
Poh Kong Holdings                      3.000%      1/20/07    1    
Prinsiptek Corporation Bhd             2.000%     11/20/06    1
Puncak Niaga Holdings Bhd              2.500%     11/20/16    1
POS Malaysia & Services Holdings Bhd   8.000%     11/26/04    1
Rashid Hussain Bhd                     0.500%     12/23/12    1
Rashid Hussain Bhd                     3.000%     12/23/12    1
Rhythm Consolidated Bhd                5.000%     12/17/08    1
Silver Bird Group Bhd                  1.000%      2/15/09    1
Southern Steel Bhd                     5.500%      7/31/08    2
Tanah Emas Corporation Bhd             2.000%      12/9/06    1
Talam Corporation Bhd                  7.000%      7/19/05    1
Talam Corporation Bhd                  7.000%      4/19/06    1
Tap Resources Bhd                      2.000%      6/29/06    1
Tenaga Nasional Bhd                    3.050%      5/10/09    1
Time Engineering Bhd                   2.000%     12/25/05    1
VTI Vintage Bhd                        4.000%      8/22/06    2
Wah Seong Corporation Bhd              3.000%      5/21/12    3
Yu Neh Huat Bhd                        3.000%       9/2/08    1

PHILIPPINES
-----------

Bacnotan Consolidated Industries, Inc.  5.500%      6/21/04  46

SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
Rabobank Singapore                     1.000%      1/15/13   68
Sengkang Mall Ltd                      4.880%      11/20/12   1
Tampines Assets Ltd                    5.625%      12/7/06    1
Tincel Ltd                             5.000%      6/13/11   1
Tincel Ltd                             7.400%      6/13/11   1

THAILAND
--------

Bangkok Land       3.125%    3/31/01    23






Tuesday's edition of the TCR-Asia Pacific delivers a list of
indicative prices for bond issues that reportedly trade well
below par.  Prices are obtained by TCR-AP editors from a
Variety of outside sources during the prior week we think are
reliable.  Those sources may not, however, be complete or
accurate.  The Tuesday Bond Pricing table is compiled on the
Saturday prior to publication.  Prices reported are not intended
to reflect actual trades.  Prices for actual trades are probably
different.  Our objective is to share information, not make
markets in publicly traded securities. Nothing in the TCR-AP
constitutes an offer Or solicitation to buy or sell any security
of any kind.  It is likely that some entity affiliated with a
TCR editor holds some position in the issuers' public debt and
equity securities about which we report.



                            *********


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 ***