TCRAP_Public/040812.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Thursday, August 12, 2004, Vol. 7, No. 159

                            Headlines

A U S T R A L I A

ADSTREAM MARINE: Hires New Regional Manager For Queensland
ARISTOCRAT LEISURE: Appoints New Company Secretary
BRAMBLES INDUSTRIES: Consolidates Management Structure
NATIONAL AUSTRALIA: Appoints New CEO And CFO
QANTAS AIRWAYS: Hong Kong Route Commences

SANTOS LIMITED: Enters Alliance With Total and Mitsui
WOODSIDE PETROLEUM: Issues Update on Mauritania Events


C H I N A  &  H O N G  K O N G

CHAMPION PLANNER: Winding Up Hearing Slated August 25
CHINTUNG FUTURES: Holds Members' and Creditors' Meetings
DASSAN MANAGEMENT: Winding Up Hearing Set August 25
ETTALONG ENTERPRISES: Creditors Must Prove Debts By September 7
FORIN INVESTMENT: Faces Bankruptcy Proceedings

HK CONSTRUCTION: Names New Executive Director
NAM FONG: Creditor Files Winding Up Petition
WAI YAT: Enters Winding Up Proceedings
YEE LEE: Court Hears Winding Up Petition


I N D O N E S I A

PERTAMINA: Indosat CEO Named Oil Firm's Top Exec
SEMEN GRESIK: Asks Indonesian Government to Buy Cemex Stake
SEMEN GRESIK: To Use IDR1tln Fund for Debt Repayment, Buyback


J A P A N

DAIKYO INCORPORATED: UFJ Negotiates With IRCJ
JAPAN TOBACCO: Earns Q1 Profit
MYCAL CORPORATION: Investors Likely To Sue Bond Sellers
SOFTBANK CORPORATION: Q1 Net Loss Shrinks to JPY17.9Bln
UFJ HOLDINGS: Wins Appeal Against Merger Injunction


K O R E A

KOOKMIN BANK: FSS Official Says Sanction Yet to be Determined
HANARO TELECOM: Posts KRW9.8Bln in First Half


M A L A Y S I A

ANCOM BERHAD: Issues Notice of Shares Buy Back
ANTAH HOLDINGS: Updates Status On Involvement In Litigation
BERJAYA SPORTS: Grants Listing of 53,569 New Ordinary Shares
BOUSTEAD HOLDINGS: Issues 108,000 New Ordinary Shares
CHG INDUSTRIES: Undertakes Debt Restructuring Exercise

CSM CORP.: Bank Negara OKs Issuance of Unsecured Loan Stocks
PANTAI HOLDINGS: Purchases 65,200 Ordinary Shares on Buy Back
PSC INDUSTRIES: Clarifies Newspaper Reports
SELOGA HOLDINGS: Usaha Citra Acquires 14,000,000 Shares
SELOGA HOLDINGS: Releases Unaudited Quarterly Report

SOUTHERN STEEL: Enters Facility Agreement to Refinance Debt
SUNWAY CONSTRUCTION: Bursa Malaysia To Delist Shares
TANJONG PUBLIC: Issues Additional 285,000 Ordinary Shares
TENAGA NASIONAL: Enters Power Purchase, Coal Supply Agreement
TENAGA NASIONAL: Appoints Chief Financial Officer

UNITED CHEMICAL: Seeks Extension of Investigative Audit


P H I L I P P I N E S

COLLEGE ASSURANCE: Selling Assets to Cover PHP17.2B Shortfall
LEISURE & RESORTS: Gaming Firm Reduces Capital
PHILIPPINE LONG: Posts Changes in Shareholder's Interest
PHILIPPINE LONG: Issues Additional 5,500 Common Shares
PHILIPPINE LONG: Manpower Reduction Scheme Deadline August 18


S I N G A P O R E

KAITENG TECHNOLOGY: Court Issues Winding Up Order
LAMIMORI PACKAGING: Winding Up Order Made
LIM HONG: Receives Winding Up Order
MILLENNIUM-WESTMONT PRIVATE: Holds Creditors' Meeting
SMRT CORPORATION: Strikes Off Subsidiary

TONG HUP: Placed Under Judicial Management


T H A I L A N D

K.C. PROPERTY: Submits 2Q Financial Statement

     -  -  -  -  -  -  -  -

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


ADSTREAM MARINE: Hires New Regional Manager For Queensland
----------------------------------------------------------
In a press release on Wednesday, Adsteam Marine Limited
announced that it has appointed Chris Barnes to the position of
Regional Manager- Queensland.

Chris was previously CEO and Executive Director of McCaffertys
Greyhound Pty Ltd, and previously held management positions with
Ansett Australia. He comes to Adsteam with extensive experience
in managing service businesses.

He will be responsible for all Adsteam Harbour services in
Queensland including towage, lines, mooring and tug barging. A
fleet of 22 tugs, plus other vessels, are based along the
Queensland coast providing essential services to ships arriving
and departing from Queensland ports.

Equally important is providing emergency response when ships
threaten the Great Barrier Reef and other coastal areas. Adsteam
tugs have been key to several recent successful salvages of
ships in the Great Barrier Reef. Adsteam operates in 10
Queensland ports.

CONTACT:

Adstream Marine Ltd.
Level 22, Plaza 2,
500 Oxford Street,
BONDI JUNCTION,
NSW, AUSTRALIA, 2022
Head Office Telephone: (02) 9369 9200
Head Office Fax: (02) 9369 9288
Website: http://www.adsteam.com.au/


ARISTOCRAT LEISURE: Appoints New Company Secretary
--------------------------------------------------
Aristocrat Leisure Limited (ASX: ALL) announced in a press
release on Tuesday the appointment today of Bruce J. Yahl as
Company Secretary of the Company following the resignation of
Robert Postema as Group General Counsel and Company Secretary.
Robert Postema will leave the Company on 13 August 2003.

CONTACT:

Aristocrat Leisure Ltd.
71 Longueville Road,
LANE COVE, NSW,
AUSTRALIA, 2066
Head Office Telephone: (02) 9413 6300
Head Office Fax: (02) 9420 1352
Website: http://www.aristocratgaming.com


BRAMBLES INDUSTRIES: Consolidates Management Structure
------------------------------------------------------
Brambles Industries Ltd. announced in a press release on Tuesday
a consolidation of its management structure to further intensify
focus on its regional operations while enhancing organizational
efficiencies.

This follows a review of the head office functions of both
Cleanaway and Brambles Industrial Services. The review confirmed
there was a considerable degree of overlap between the two
businesses which with the reducing requirements of the regional
Cleanaway operations for functional head office support,
provided the opportunity to consolidate the management
structure.

Effective immediately, Jean-Louis Laurent, CEO of Brambles
Industrial Services, will assume additional responsibility for
Cleanaway's UK and Asia-Pacific operations. Gerben Westra, CEO
of Cleanaway, will remain a Director of the UK business and have
as a key responsibility the further development of Cleanaway's
operations in Germany and the Baltic States until he leaves the
group in July 2005.

Cleanaway's international headquarters in London will close
later this calendar year.  Brambles Chief Executive Officer,
David Turner, said: "Gerben has contributed significantly to the
development of Cleanaway during his 11 years with the group, a
period in which Cleanaway has grown substantially to become a
leading, international waste management business. We are very
grateful to him for his considerable contribution."

The costs associated with the reorganization will be treated as
an operating expense in the current financial year, and will be
offset by savings of a similar amount.

Brambles' global headquarters is in Sydney, Australia.

Cleanaway

Cleanaway is a leading waste management operator, with
businesses in the UK, Germany, Australia, New Zealand and Asia.
It has operations in all segments of the waste management
industry, including municipal, commercial and industrial
collection, recycling, and waste treatment and disposal.

Brambles Industrial Services

Brambles Industrial Services provides on-site and off-site
services to many of the world's leaders in the steel, metals and
minerals, coal, oil and gas, and manufacturing and processing
industries.  It operates in Australia and, in the northern
hemisphere, the UK, continental Europe and the USA.

CONTACT:

Brambles Industries Limited
Level 40 Gateway Building
1 Macquarie Place
Sydney NSW 2000
AUSTRALIA
Telephone: +61 (0) 2 9256 5222
Facsimile: +61 (0) 2 9256 5299


NATIONAL AUSTRALIA: Appoints New CEO And CFO
--------------------------------------------
National Australia Bank Group Chief Executive, John Stewart,
announced in a press release on Wednesday the appointment of
Ahmed Fahour to the new role of Chief Executive Officer
Australia and Michael Ullmer as Group Chief Financial Officer.

Michael Ullmer will commence on 1 September and Ahmed Fahour
will join the National on 4 October.  Both will also be
appointed Executive Directors of the National Australia Bank
Board.

"This is an important step toward rejuvenating the National and
placing it on a path to sustainable growth in shareholder
returns," Mr. Stewart said

"I am delighted to be able to make two appointments that bring
such a wealth of Australian and international experience to the
National.

"Ahmed Fahour will be responsible for bringing together our
three main businesses in Australia - Financial Services
Australia and the Australian components of the Corporate and
Institutional Bank and the Australian operations of Wealth
Management.

"We have decided to move to a regional business model.  This
will enable us to improve integration across divisions and build
an improved offer to our customers."

Mr. Fahour, 37, was previously the Chairman and CEO of Citigroup
Australia and New Zealand, which included corporate and
investment banking, consumer banking and investment management
and the operations of Smith Barney.

Mr. Ullmer, 53, has extensive industry experience in banking and
his previous roles have included responsibility for finance,
risk management, institutional, business and retail markets.  He
was also a partner with Coopers & Lybrand and KPMG where his
focus was on financial advisory and audit.

"Michael brings more than 30 years experience in financial
services to his role as Chief Financial Officer and has a strong
track record for delivering superior returns to shareholders.

"The two new executive directors will be valuable additions to
the National Board and it is another important step in the Board
renewal program," the National's Chairman Graham Kraehe said.
"We expect to announce further non executive appointments in the
near future," he said.

Details of the remuneration packages of both executives are
below:

Summary of the key terms and conditions of Mr. Fahour's new
employment contract

Mr. Fahour's new employment contract includes two components.

The first component includes base salary and short-term and
long-term incentives.  This is in line with Australian and
international benchmarks.

The second component, which only applies on commencement with
the National, is compensation for accrued value Mr Fahour was
due from his previous employer but has foregone to join the
National.  This value was in USD and based on US remuneration
benchmarks.

Mr. Fahour's new employment contract has been structured in
accordance with the National's performance-oriented framework.
Incentive payments and performance hurdles have been structured
to deliver reward for real and sustainable returns to
shareholders.

In line with the proposed CLERP 9 requirements, the basis on
which any actual short-term incentive payments are made will be
disclosed in the annual report and will be presented to
shareholders.

Contract Term

Mr. Fahour's contract is for an initial period of four years.
It is effective from 4 October 2004 and will end on 3 October
2008.  The contract will be renewable annually by mutual
agreement from that date.

Fixed Remuneration

Mr. Fahour's fixed annual remuneration has been set at $1.5
million and will be reviewed in October 2005.

This amount is inclusive of superannuation and fringe benefits.

Incentive Arrangements

The National's remuneration philosophy is based on a pay for
performance framework. The incentive components of remuneration
are performance oriented and structured to reward both
individual and business performance.

Short-Term Incentive (STI)

The National's STI Plan has been developed to deliver
performance-based, short-term reward and is currently measured
through the achievement of Economic Value Added growth over a
one-year period and selected Key Result Areas (KRAs).

The target value of the STI reward will be 130 percent of fixed
remuneration (ie $1.95 million) with a minimum of 50 percent of
the incentive awarded to be in ordinary shares.  These shares
will be forfeited in the event of serious misconduct.

Long-Term Incentive (LTI)

Mr. Fahour is eligible to receive up to $1.7 million annually in
equity in line with the National's remuneration policies and
subject to shareholder approval.

For more information, click
http://bankrupt.com/misc/NATIONALAUSTRALIA081104.pdf

CONTACT:

National Australia Bank Ltd.
Level 24 , 500 Bourke Street,
MELBOURNE , VICTORIA, AUSTRALIA, 3000
Head Office Telephone: (03) 8641-4160
Head Office Fax: (03) 8641-4927
Website: http://www.national.com.au/


QANTAS AIRWAYS: Hong Kong Route Commences
-----------------------------------------
Qantas Airways Ltd. announced in a press release on Tuesday that
it has began operating its new Airbus A330-300 aircraft on
international routes. The aircraft will initially operate from
Sydney, Melbourne, Brisbane and Perth to Hong Kong.

Executive General Manager Qantas Airlines, John Borghetti, said
this marked an important step in a fleet strategy which will see
A330-300s replacing Boeing 767 aircraft on international routes.

Qantas recently took delivery of three new two-class A330-300s
fully configured for international flying and featuring:

- 30 Business Class and 267 Economy Class seats;
- Qantas' new International Business Class product which
includes the award winning Skybed sleeper seat and specially
trained, dedicated flight attendants;
- Qantas' Inflight Entertainment System offering individual
inseat video screens and 18 video and 16 audio channels for
customers in Business and Economy Class;
- two self-service Business Class bars; and
- mood lighting throughout the Business Class cabin.

"The A330-300 fleet will become an integral part of our
international operations," Mr. Borghetti said.

"The aircraft will allow us to offer our new Skybed
International Business Class product and inflight entertainment
system on important routes, such as Hong Kong."

The Airbus A330-300s will fly on other medium haul routes in
coming months, including Tokyo Narita, Singapore and from Sydney
to Shanghai when Qantas resumes services to China on 2 December
later this year.

A further three A330-300s will be delivered for international
flying from November 2004, bringing the total A330-300 fleet to
nine.

A330-300 statistics include:

- Length 63.7 metres
- Width 5.38 metres
- Wing Span 60.3 metres
- Average Cruise Speed 880 km/h
- Cruise Altitude 28,000-39,000 feet
- Maximum Range 9,445 km
- Engines General Electric CF6-80E1A3

CONTACT:

Qantas Airways
Qantas Centre, Level 9,
Building A , 203 Coward Street,
MASCOT , NSW, AUSTRALIA, 2020
Head Office Telephone: (02) 9691 3636
Head Office Fax: (02) 9691 3339
Website: http://www.qantas.com


SANTOS LIMITED: Enters Alliance With Total and Mitsui
-----------------------------------------------------
Santos Limited announced in a press release on Wednesday that
the international groups, Total SA of France and Mitsui Oil
Exploration Co Ltd (MOECO) of Japan, will farm into a deep-water
exploration block located north of Bali, Indonesia held under a
production sharing contract (PSC) by Santos (Nth Bali I) Pty
Ltd.

Total, through its subsidiary, Total E&P North Bali I, will take
a 39.9 percent interest with the right, subject to certain
conditions, to obtain a further 10.1 percent interest in the
PSC.

MOECO, through its subsidiary, Moeco North Bali Co Ltd, will
take a 20 percent interest.

This agreement is subject to Indonesian Government approval.

Santos (Nth Bali I) Pty Ltd was originally awarded a 100 percent
interest in the PSC in October 2003 by the Indonesian
Government.

The block is located in the offshore East Java Basin, 210
kilometres east of Surabaya and 10 kilometres north of Bali
Island in water depths ranging from 100 to 970 metres.

The East Java Basin is considered highly prospective for oil,
and several substantial oil and gas fields have been discovered
within the vicinity.

Santos (Nth Bali l Pty Ltd) has already acquired two-dimensional
seismic within the exploration block and an exploration well,
Agung 1, is scheduled to be drilled by October 2004.

Santos' subsidiary will retain operator status during the
exploration phase of the PSC. The Total subsidiary, Total E&P
North Bali I, will take over the operator post after the first
three-year exploration period where Total's experience will
assist Santos in enhancing its offshore development skills for
deep-water operations.

Santos' Managing Director, Mr. John Ellice-Flint, said that the
farmout is a further realization of Santos' portfolio management
strategy to share exploration risk and bring in credible co-
venturers that provide opportunity for further deals.

"Santos is pleased to join forces with highly respected groups
such as Total and MOECO," said Mr. Ellice-Flint.

The Total/MOECO agreement follows joint venture exploration
agreements reached last month by Santos with two other global
oil and gas giants - Devon Energy Corporation and
ConocoPhillips.

Santos has joined Devon in a joint eight-well exploration
venture over three years in the Gulf of Suez, Egypt, and has
also teamed up with ConocoPhillips to explore a major Timor Sea
gas prospect.

Interests in North Bali I PSC will be:

Santos (Nth Bali I) Pty Ltd-  40.1 percent (decreasing
subsequently to 30 percent)

Total E&P North Bali I- 39.9 percent (increasing subsequently to
50 percent)

Moeco North Bali Co Ltd.-  20 percent

CONTACT:

Santos Limited
Investor Relations
Level 29
Santos House
91 King William Street
Adelaide South Australia 5000
Telephone: +61 8 8218 5111
Facsimile: +61 8 8218 5131


WOODSIDE PETROLEUM: Issues Update on Mauritania Events
------------------------------------------------------
In a company press release on Wednesday, Woodside Petroleum Ltd.
advised that its staff and contractors in Mauritania have
returned to work and the company has resumed travel to the west
African country following Tuesday's reports that several
military personnel had been arrested.

Work resumed on Tuesday (Mauritanian time). The situation in the
capital is described as calm with business continuing as normal.
Woodside will continue to monitor the situation. The company
does not intend to make any further ASX announcement unless
there are material changes.

CONTACT:

Woodside Petroleum Ltd.
Woodside Plaza , 240 St Georges Terrace
PERTH, AUSTRALIA, 6000
Head Office Telephone: (08) 9348 4000
Head Office Fax: (08) 9214 2777
Website: http://www.woodside.com.au/


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


CHAMPION PLANNER: Winding Up Hearing Slated August 25
-----------------------------------------------------
Notice is given that a Petition for the Winding up of Champion
Planner Limited by the High Court of Hong Kong was, on the 12th
day of July, 2004, presented to the said Court by Yun Yiu Kwong
of Room 2006, Lung Cheong House, Lower Wong Tai Sin Estate, Wong
Tai Sin, Kowloon, Hong Kong.

The said petition will be heard before the Court at 9:30 am. on
the 25th day of August, 2004.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose. 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 24th day of
August 2004.


CHINTUNG FUTURES: Holds Members' and Creditors' Meetings
--------------------------------------------------------
Notice is hereby given that pursuant to Section 247 of the
Companies Ordinance (Chapter 32), a meeting of the members of
Chintung Futures Limited (in creditors' voluntary liquidation)
will be held at 17/Floor, Hutchison House, 10 Harcourt Road,
Central, Hong Kong on 27th day of August 2004 at 11:00 a.m. for
the purpose of receiving an account of the liquidator's act and
dealings and of the conduct of the winding up of the company
during the preceding year.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and vote instead of him. A
proxy need not be a member or creditor of the company. Forms of
proxies for both meetings must be lodged at 17/Floor, Hutchison
House, 10 Harcourt Road, Central, Hong Kong not later than 4:00
p.m. on the day before the meetings.

Ian Grant Robinson
Liquidator


DASSAN MANAGEMENT: Winding Up Hearing Set August 25
---------------------------------------------------
Notice is given that a Petition for the Winding up of Dassan
Management Company Limited by the High Court of Hong Kong was,
on the 23rd day of July, 2004, presented to the said Court by
Chan Ka Fai of 6/F., 455 Lockhart Road, Wan Chai, Hong Kong.

The said petition will be heard before the Court at 10:00 am on
the 25th day of August, 2004.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose. 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 24th day of
August 2004.


ETTALONG ENTERPRISES: Creditors Must Prove Debts By September 7
---------------------------------------------------------------
The Creditors of Ettalong Enterprises Limited, which is being
voluntarily liquidated, are required on or before the 7th day of
September 2004 to send their names, addresses and descriptions,
full particulars of their debts or claims, as well as the names
and addresses of their solicitors (if any) to the undersigned,
and if so required by notice in writing from the said liquidator
to prove their debts or claims at such time and place as shall
be specified in such notice.

In default thereof, they will be excluded from the benefit of
any distribution before such debts are proved.

Rainier Hok Chung Lam
Joint and Several Liquidator
22/F., Prince's Building
Central
Hong Kong

This announcement is dated August 6, 2004.


FORIN INVESTMENT: Faces Bankruptcy Proceedings
----------------------------------------------
Notice is given that a Petition for the Winding up of Forin
Investment Limited by the High Court of Hong Kong was, on the
21st day of July, 2004, presented to the said Court by Tong Wai
Chu of Flat 5, 3/F., Block C, Tak On House, 9-11 Wong Chuk
Street, Sham Shui Po, Kowloon, Hong Kong.

The said petition is scheduled before the Court at 10:00 am. on
the 25th of August 2004.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose. A copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

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

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 24th day of
August 2004.


HK CONSTRUCTION: Names New Executive Director
---------------------------------------------
Hong Kong Construction (Holdings) Limited said in a press
release that Li Xueming has been re-designated as a non-
executive director from an executive director with effect from
August 1.

Li is currently an executive director and vice-chairman of China
Everbright International (0257) and an executive director and
deputy general manager of China Everbright Holdings.


NAM FONG: Creditor Files Winding Up Petition
--------------------------------------------
According to Infocast, Nam Fong International Holdings Limited
announced that a creditor, Nanyang Commercial Bank Limited,
filed a winding-up petition in the High Court against the
company on June 30.

In the hearing on August 9, the High Court has adjourned the
hearing of the petition to September 6. The amount which is the
subject of the petition is HKD43.207 million, equivalent to
about 3 percent of the total assets value of the company and
accordingly the litigation is believed to have no material
impact on the company.

The company executed a deed of guarantee dated 29 July 1997
agreed to guarantee a loan for not exceed HKD80 million from the
Bank to Guangzhou Sui Nan Property Development Company Limited
(the borrower), a wholly-owned subsidiary of the company.

The petition was raised due to the failure of the repayment by
the borrower. The company is currently in negotiations with the
bank to settle the matter on mutually acceptable terms and
discussing the repayment schedule.


WAI YAT: Enters Winding Up Proceedings
--------------------------------------
Notice is given that a Petition for the Winding up of Wai Yat
(Hong Kong) Company Limited by the High Court of Hong Kong
Special Administrative Region was, on the 27th day of July 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 will be heard before the Court at 9:30 am on
the 1st day of September 2004.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose. 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.

Wat & Co.
Solicitors for the Petitioner,
12th Floor, Chuang's Tower
30 & 32 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 31st day of
August 2004.


YEE LEE: Court Hears Winding Up Petition
----------------------------------------
Notice is given that a Petition for the Winding up of Yee Lee
Sea-Land Forwarding Company by the High Court of Hong Kong
Special Administrative Region was, on the 8th day of June 2004,
presented to the said Court by Wing On Metal Company Limited
whose registered office is situate at Ground Floor, 181
Reclamation Street, Yaumatei, Kowloon, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
August 25, 2004.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose. 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.

Bosco Tso & Partners
Solicitors for the Petitioner,
8th Floor, Luk Hoi Tong Building
31 Queen's 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 24th day of
August 2004.


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


PERTAMINA: Indosat CEO Named Oil Firm's Top Exec
------------------------------------------------
State-owned oil and gas company PT Pertamina has a new president
director in the person of Widya Purnama, the current chief
executive of Indonesia's second largest telecommunications
company, PT Indonesian Satellite Corp., or Indosat (IIT).

According to Dow Jones, Mr. Widya was appointed by the
Indonesian government on Wednesday to replace Ariffi Nawawi.

Aside from Mr. Widya, also named to various directorial posts in
Pertamina were Hari Kustoro as upstream director, Suroso
Atmomartoyo as processing director, Ari Sumarno as marketing
director, and Suprianto as development and human resource
director.

The post of deputy president director, a new position created
mainly to boost the company's oil and gas production according
to deputy state enterprise minister Roes Aryawijaya, was handed
to Mustika Saleh. Alfred Rohimone, meanwhile, will be retained
as Pertamina's finance director.

CONTACT:

PT Pertamina Tbk
Jalan Merdeka
Timur No. 1 A
Jakarta 10110
Tel: (62)(21)3815111
Fax: 3846865/ 3843882
www.pertamina.com


SEMEN GRESIK: Asks Indonesian Government to Buy Cemex Stake
-----------------------------------------------------------
In its aim to resolve a dispute with Mexican cement firm Cemex,
cement producer PT Semen Gresik has asked the Indonesian
government to purchase Cemex's 25.6 percent stake in the
company, reported The Jakarta Post on Tuesday.

According to Semen Gresik chief Satriyo, "The government should
purchase the shares even at a high price before continuing with
arbitration. It'll be more efficient and I believe the
government has the funds for the purchase."

Cemex bought its Semen Gresik stake for US$290 million in 1998
at a privatization auction, as well as an option to raise its
holdings to 51 percent. However, when Cemex exercised that
option, the Indonesian government backed away from the agreement
due to strong domestic opposition to the sale. The Mexican firm
then promptly took the dispute to an international arbitration
panel in December last year.


SEMEN GRESIK: To Use IDR1tln Fund for Debt Repayment, Buyback
-------------------------------------------------------------
Indonesian cement producer Semen Gresik (JSX:SMGR) has decided
to give debt repayment and bond buyback priority over its
expansion plans in using its IDR1-trillion fund, reports
Indoexchange.

"Building new factories will indeed increase the production
capacity in anticipation of the increased cement demands in
2010, which will also escalate the company's revenues; but if
the expenses remain high, revenue may possibly slip as well,
local newspaper Investor Daily quoted Satriyo, Semen Gresik
President Director, as saying.

The decision to prioritize debt repayment is aimed at lessening
Semen Gresik's interest expenses. Mr. Satriyo said a 55-percent
decrease in interest repayment, from IDR1.36 trillion to IDR738
billion, contributed to the over 100 percent rise in its first-
half net profits for 2004.


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


DAIKYO INCORPORATED: UFJ Negotiates With IRCJ
---------------------------------------------
UFJ Bank has come to Daikyo Incorporated's aid by urging the
Industrial Revitalization Corporation of Japan (IRCJ) to assist
in the embattled firm's rehabilitation program, Asia Pulse says.

In order to significantly lessen liabilities and ensure swift
recovery, UFJ believes that Daikyo's current restructuring plan
needs a major overhaul given that the company owes the bank
around JPY320 billion.

Daikyo, one of UFJ Bank's major borrowers, is currently
undergoing a revival scheme, which concentrates on selling or
liquidating loss-making ventures and shifting its focus on the
condominium business.

Once IRCJ agrees to help Daikyo, the firm can use funds from
IRCJ to write off latent real estate losses.


JAPAN TOBACCO: Earns Q1 Profit
------------------------------
Japan Tobacco Incorporated returned to profitability this year
after booking a JPY43.31 billion group net profit for the first
quarter ended June 30, reports Japan Today, citing Kyodo News.

The Tokyo-based company, which exclusively produces tobacco in
Japan, posted a net profit of JPY43.31 billion, offsetting last
year's heavy losses of JPY64.17 billion. In the three-month
period, the firm recorded a net profit per share of 22,162.84, a
rebound from a loss per share value of 32,082.81 previously.

CONTACT:

Japan Tobacco Inc.
2-1, Toranomon 2-chome, Minato-ku
Tokyo, 105-8422
Japan
Phone: +81-3-3582-3111
Fax: +81-3-5572-1441
Website: http://www.jti.co.jp


MYCAL CORPORATION: Investors Likely To Sue Bond Sellers
-------------------------------------------------------
Twenty individual investors are considering filing a lawsuit
against bond sellers for losses suffered from the default of
Mycal Corporation bonds, Jiji Press reports.

The investors, who bought portions of the JPY90 billion worth of
bonds issued by Mycal Corporation in 2000 through Dai-Ichi
Kangyo Bank, now seek JPY100 million as compensation for heavy
losses incurred after the supermarket chain went into bankruptcy
in September 2001. The bondholders were only paid 30 percent of
the debt after the downfall.

The group accuses financial firms Nomura Securities Co., Shinko
Securities Co., and Mizuho Investors Securities Co. of failure
to fully disclose the risk of the bonds to the buyers. The suit
will likewise include Mizuho Corporate Bank, which handled
corporate banking operations of Dai-Ichi Kangyo.

Losing around JPY100 million of their JPY150 million investment,
the investors plan to lodge the cases in Tokyo, Osaka and Nagoya
from October to November.

CONTACT:

MYCAL Corporation
3-1-30 Kyutaro-machi, Chuo-ku
Osaka, 541-0056, Japan
Phone: +81-6-6245-4548
Fax: +81-6-6203-6387


SOFTBANK CORPORATION: Q1 Net Loss Shrinks to JPY17.9Bln
-------------------------------------------------------
Infocast News reported that Softbank Corporation posted a net
loss of JPY17.9 billion for the fiscal first quarter ended June
30, compared with a loss of JPY34.7 billion a year ago. The loss
improved as the Japan's second-largest provider of high-speed
Internet access sold some assets and signed up more users to its
Yahoo! BB broadband service.

Meanwhile, sales rose 42% to JPY147.3 billion.


UFJ HOLDINGS: Wins Appeal Against Merger Injunction
---------------------------------------------------
The Tokyo High Court has lifted the injunction against
UFJ Holdings selling its trust bank unit to Mitsubishi Tokyo
Financial Group.

According to Bloomberg, the High Court overturned a lower court
ruling forcing UFJ to sell UFJ Trust Bank Ltd. to Sumitomo Trust
& Banking Co., according to a court document.

Sumitomo Trust, which forged a deal in May to acquire UFJ's
trust unit, lodged a suit against UFJ for unilateral
cancellation of the agreement to the Tokyo District Court, which
ruled in Sumitomo's favor.

Following the lower court's ruling, Sumitomo Mitsui Financial
Group Inc. (SMFG) proposed a merger bid involving at least
JPY500 billion  (USD4.5 billion) as aid for payment of loan
write-offs. MTFG, on the other hand, remains discreet about the
terms of its bid with UFJ, whose market value stands at US$22
billion.


CONTACT:

UFJ Holdings, Inc.
5-6, Fushimimachi 3-chome,
Chuo-ku, Osaka-shi,
Osaka 541-0044,
Japan
Website: www.ufj.co.jp


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


KOOKMIN BANK: FSS Official Says Sanction Yet to be Determined
-------------------------------------------------------------
A Financial Supervisory Service (FSS) official said Tuesday he
believes Kookmin Bank (KB) manipulated its 2003 financial
statement, reports the Korea Times.

The official said the bank manipulated its 2003 financial
statement while in the process of merging with Kookmin Credit
Card last year. But the official did not comment to what extent
Kookmin fabricated the accounting.

According to the Korea Times report, the FSS official said the
recent report of Standards & Poor's (S&P) is close to the FSS'
estimation. "When KB merged with Kookmin Credit Card, the bank
is reported to have reversed the balance of loan loss reserves
at the card issuer totaling 1.2 trillion won, and instead made a
similar amount of provisioning in the bank's accounts," the
rating agency said.

Due to KB's less than whole ownership of the credit card company
(74.26 percent stake), this accounting treatment raised the
bank's loss and reduced its corresponding tax burden, S&P
insisted.

An investigation has been done by FSS accounting regulators.
The bank examination department of FSS is still yet to make a
final decision on the level of sanction it would impose on KB.

Before its report to the Financial Supervisory Commission (FSC),
the FSS will hold a meeting of nine members, including
accounting professors, lawyers, officials from the Korean
Institute of Certified Public Accountants and FSS officials, in
a move to reconsider the results of the investigation.

The official added that the result of FSS's investigation may be
nullified and conclude to FSC, the decision maker, that KB's
accounting was not illegal.

A Seoul banker, who claimed KB's accounting should be regarded
as fraud, said the allegation of the bank's voluntary report
that stated it is under the investigation of the Korean
regulators at the request of the U.S. Securities and Exchange
Commission (SEC), is unreasonable.

According to the banker, the U.S. financial regulator might have
ordered KB to submit the financial statements in detail as the
accounting of the bank has been highlighted in the Seoul
financial market.

CONTACT:

Kookmin Bank
9-1 Namdaemoonro 2-ga
Chung-gu, Seoul 100-092
Korea (South)
Telephone: +82 2 317 2114
Telephone: +82 2 776 5637


HANARO TELECOM: Posts KRW9.8Bln in First Half
---------------------------------------------
Hanaro Telecom, Inc. (KOSDAQ: 033630) (NASDAQ: HANA) (Hanaro),
one of Korea's largest broadband Internet access and local call
service providers, announced in a press release on Tuesday that
the Company recorded KRW9.8 billion in net profit for the first
half of this year, on the back of profit growth led by brisk
sales and the enhancement in operational efficiencies in all of
its businesses including telephony services. It is the first
half-yearly net profit since the beginning of its operation in
April 1999.

Revenues in the second quarter rose to KRW363.1 billion, a 4
percent increase from KRW349.3 billion in the first quarter of
this year. Operating profit surged about 61 percent to KRW40.7
billion from KRW25.2 billion in the previous quarter.

Net profit for the second quarter was recorded at KRW15.2
billion. This is the first quarterly net profit since the
infusion of foreign capital, attesting to the Company's
successful achievement of financial turnaround.

Accordingly, revenues and operating profit for the first half of
this year were KRW712.4 billion and KRW65.9 billion, reflecting
a 5.8 percent rise from KRW673.5 billion and a significant 465.0
percent from KRW11.7 billion, year on year, respectively.

The Company generated KRW9.8 billion in net profit for 1H04
(KRW67.4 billion in net losses incurred in 1H03) and EBITDA of
KRW288.2 billion, 51.9 percent of the Company's annual guidance,
raising the likelihood of achieving its first annual net profit
since April 1999.

Such strong performance is attributed to continued growth in the
voice business that posted KRW93.1 billion in revenues for the
second quarter (up 12.1 percent from 1Q04) and the improvement
of the overall operating efficiency, helped by reduced non-
marketing expenses such as telecom equipment lease expenses and
interconnection fees.

Ms. Janice Lee, CFO, said, "With 79.5 percent of Total
Liabilities / Equity ratio and 47.5 percent of Net Debt / Equity
ratio as of the end of June 2004, we are now on the track of
long-term financial stability." She also added, "By pursuing the
business model that maximizes profit through selection and
focus, we will continue to carry the momentum forward to achieve
continuous profit generation."

Company Information

Founded September 23, 1997, Hanaro Telecom Inc., is one of
Korea's largest high-speed Internet service and local
telecommunications providers. The Company, which was established
in 1997 and commenced commercial operations on April 1, 1999, is
the only competitive local exchange carrier in Korea licensed to
provide voice telephony services across its own last-mile access
network.

It also provides broadband Internet access, multimedia content
and corporate data services bundled with voice telephone in an
integrated package. Hanaro deploys multiple broadband last mile
access technologies to ensure rapid rollout in high-density
areas while preserving access speeds and minimizing coverage
overlaps as well as capital expenditure. Hanaro listed on the
NASDAQ through issuance of American Depository Receipts (ADRs)
on March 29, 2000. Its common shares are listed on KOSDAQ.

To view a copy of Table 1: 2Q 2004 Financial Highlights, click
http://bankrupt.com/misc/hanarotelecom081104.doc

CONTACT:

Hanaro Telecom, Inc.
Investor Relations
YB Chang, 822-6266-2741
Email: ybchang@hanaro.com or

Taylor Rafferty, New York
Brian Rafferty, 212-889-4350 or
Taylor Rafferty, London
Noah Schwartz, 44-20-7936-0400
Email: hanaro@taylor-rafferty.com


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


ANCOM BERHAD: Issues Notice of Shares Buy Back
----------------------------------------------
Ancom Berhad disclosed to Bursa Malaysia Securities Berhad the
details of its shares buy back on August 8, 2004.

Date of buy back from: 28/07/2004

Date of buy back to: 05/08/2004

Total number of shares purchased (units): 46,800

Minimum price paid for each share purchased (RM): 0.810

Maximum price paid for each share purchased (RM): 0.830

Total amount paid for shares purchased (RM): 38,573.10

The name of the stock exchange through which the shares were
purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 46,800

Total number of shares retained in treasury (units): 3,932,200

Number of shares purchased, which were cancelled (units): 0

Total issued capital as diminished: 201,856,767

Date lodged with registrar of companies: 10/08/2004

Lodged by: PFA Corporate Services S/B
Level 14, Uptown 1, D'sara Uptown
47400 PJ

CONTACT:

Ancom Berhad
Level 14, Uptown 1
No. 1 Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor
Telephone: 03-77252888
Fax: 03-77257791
Website: http://www.ancom.com.my


ANTAH HOLDINGS: Updates Status On Involvement In Litigation
-----------------------------------------------------------
The Board of Directors of Antah Holdings Berhad (Antah)
announced the following updates on the status of the Company's
involvement in litigation for the period from 11 July 2004 to 10
August 2004.

In a disclosure to the Bursa Malaysia Securities Berhad, 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.

1. Financial Institutions

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


No.           Case No.                     Status
1. Kuala Lumpur High Court Suit No.
D6-22-240-2003

EON Bank Berhad -vs- Antah Holdings -14 September, 2004/ Hearing
on Berhad                        the appeal to Judge in Chamber

2. Kuala Lumpur High Court Suit No. -27 September, 2004/ Hearing
S7-22-584-2002                      of appeal

Arab Malaysian Bank Berhad -vs-
(i) Antah Holdings Sdn. Bhd.
(ii) Antah Holdings Berhad

3. Kuala Lumpur Sessions Court Smn No. -3 September, 2004/
S8-52-16056-2003                      Mention

Southern Investment Bank Berhad
-vs- Antah Holdings Berhad

4. Kuala Lumpur Sessions Court Smn No. - 9 September, 2004/
S2-52-16651-2003                          Mention

Public Merchant Bank Berhad
-vs- Antah Holdings Berhad

5. Kuala Lumpur High Court Suit No.    - 23 September 2004/ D4-
22-1401-2003                           Mention

RHB Bank Berhad
-vs- Antah Holdings Berhad

6. Kuala Lumpur High Court Suit No.
D1-22-280-2003

Mizuho Corporate Bank Ltd -vs- Antah Holdings Berhad

- On 13 July 2004, Antah's appeal to the High Court for Stay of
Execution was dismissed and Antah is in the process of filing an
appeal to the Court of Appeal for Stay of Execution for the said
Judgement.

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

2. Non-Financial Institutions

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

No.                 Case No.                Status
1. Kuala Lumpur High Court No.      - 18 October, 2004/ Hearing
S3-22-483-2003                   of the striking out application

Ng Ah Hooi -vs- Antah Holdings      - 7 December, 2004/ Case
Berhad                            Management

2. Shah Alam Sessions Court Smn No. - 16 August, 2004/ Hearing
on 52-3319-2003                    Plaintiff's summary judgment
                                   application

Sing Motor Works Sdn. Bhd.
-vs- Antah Holdings Berhad

3. Shah Alam Sessions Court Smn No. - 28 September 2004/ Mention
S4-52-4122-2003

Supermix Concrete (Malaysia) Sdn. Bhd.
-vs-
(i) Antah Tristar Sdn. Bhd.
(ii) Antah Holdings Berhad

4. Shah Alam Magistrate Court Smn. No.  - 16 August, 2004/
72-1905-2003                                Hearing

Global Max Print Sdn. Bhd.
-vs- Antah Holdings Berhad

5. Shah Alam Sessions Court Smn No.   - 22 September, 2004/
S2-5034-2003                           Mention

Techvance Marketing Sdn. Bhd. -vs-
(i) Antah Tristar Sdn. Bhd.
(ii) Antah Holdings Berhad

6. Georgetown Sessions Court Smn No.
52-2241-2003

Hong Bee Hardware Co Sdn. Bhd.
-vs-
(i) Antah Tristar Sdn. Bhd.
(ii) Antah Holdings Berhad

- Judgement had been granted with costs on 30 July 2004. Antah
is in the process to set aside the said Judgement.

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

3. Corporate Guarantee

The status in respect of the claims made by the following
corporate guarantee which have been provided by Antah:

No.                   Case No.            Status

1. Kuala Lumpur High Court Suit No. - 9 September, 2004/ Hearing
D2-22-653-2003                  on Plaintiff's summary judgment
                                application

Bank Pertanian Malaysia -vs-
(i) Pacific Asia Fishing Sdn. Bhd.
(ii) Antah Holdings Berhad

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


CONTACT:

Antah Holdings Berhad
9577 Jalan SS16/1
Subang Jaya
47500 Petaling Jaya
Selangor
Tel: 03-5632 8668
Fax: 03-5635 1234


BERJAYA SPORTS: Grants Listing of 53,569 New Ordinary Shares
------------------------------------------------------------
Berjaya Sports Toto Berhad's additional 53,569 new ordinary
shares of RM1.00 each arising from Conversion of RM53,569
nominal amount of 8% irredeemable convertible unsecured loan
stocks 2002/2012 into 53,569 new ordinary shares will be granted
listing and quotation with effect from 9.00 a.m., Thursday, 12
August 2004.

CONTACT:

Berjaya Sports Toto Berhad
11th Floor Menara Berjaya,
KL Plaza, 179 Jalan Bukit Bintang,
55100 Kuala Lumpur
Telephone: 03-2935888
Fax: 03-2935 8043


BOUSTEAD HOLDINGS: Issues 108,000 New Ordinary Shares
-----------------------------------------------------
Boustead Holdings Berhad's additional 108,000 new ordinary
shares of RM0.50 each issued pursuant to the employees share
option scheme will be granted listing and quotation with effect
from 9.00 a.m., Thursday, 12 August 2004.

CONTACT:

Boustead Holdings Berhad
18th Floor, Menara Boustead,
69 Jalan Raja Chulan,
50200 Kuala Lumpur
Tel: 03-2141 9044
Fax: :03-21430075
Web site: http://www.boustead.com.my


CHG INDUSTRIES: Undertakes Debt Restructuring Exercise
------------------------------------------------------
Alliance Merchant Bank Berhad (Alliance), on behalf of the Board
of Directors of CHG Industries Berhad (CHG), announced that CHG,
Linmax Group Sdn Bhd (Linmax) and the Vendors (as defined in the
Announcement) have entered into a Restructuring Agreement (RA)
on 3 June 2004 to undertake a corporate and debt restructuring
exercise (Proposed Restructuring Scheme).

Alliance also refer to the announcement dated 27 July 2004
whereby CHG announced that it had received a notice from Bursa
Malaysia Securities Berhad dated 27 July 2004 to show cause on
the de-listing of the securities of CHG (Show Cause Notice).

Alliance, on behalf of the Board of CHG, wishes to announce that
CHG had today received a letter from Linmax and the Vendors
dated 10 August 2004 informing the Company that Linmax and the
Vendors have decided to terminate the RA after taking into
consideration the Show Cause Notice.

With the termination of the RA, CHG will not be able to proceed
with the Proposed Restructuring Scheme.

CONTACT:

CHG Industries Berhad
8th Mile Jalan Cheras
Cheras, Selangor Darul Ehsan 43200
MALAYSIA
Tel: +60 3 907 58811
Tel: +60 3 907 66215

This announcement is dated 10 August 2004.


CSM CORP.: Bank Negara OKs Issuance of Unsecured Loan Stocks
------------------------------------------------------------
Further to the announcement dated 2 August 2004, Malaysian
International Merchant Bankers Berhad (MIMB), on behalf of CSM
Corporation Berhad, wishes to inform Bursa Malaysia Securities
Berhad that Bank Negara Malaysia (BNM) via its letter dated 2
August 2004, has informed that:

(a) BNM has no objections to the issuance by Dutarama of
irredeemable convertible unsecured loan stocks in Dutarama to
non-resident creditors of CSM as settlement of debts pursuant to
the Proposed Scheme; and

(b) BNM has approved the issuance by Dutarama of warrants in
Dutarama to non-resident shareholders pursuant to the Proposed
Scheme.

Hereinafter referred to as Proposed Scheme are as follows:

i.   Proposed Capital Reduction;
ii.  Proposed Share Exchange;
iii. Proposed Acquisition By Dutarama Holdings Berhad (Dutarama)
Of The Entire Interest In Csm Venture Berhad, Kembang Sejahtera
Sdn Bhd, Speedy Video Distributors Sdn Bhd And Tranonova Line
Sdn Bhd;
iv.  Proposed Debt Restructuring;
v.   Proposed Rights Issue; And
vi.  Proposed Transfer Listing

For and on behalf of
CSM CORPORATION BERHAD

MALAYSIAN INTERNATIONAL MERCHANT BANKERS BERHAD

This announcement is dated 10 August 2004.
c.c. Issues and Investment Division
Securities Commission
(Attention: Encik Kris Azman Abdullah, Director)

CONTACT:

CSM Corporation Berhad
Suite 8.2, 8th Floor
Menara CSM, Jalan Semangat
46100 Petaling Jaya
Telephone: 03-7958888
Fax: 03-7953707
Website: www.csm.com.my


PANTAI HOLDINGS: Purchases 65,200 Ordinary Shares on Buy Back
-------------------------------------------------------------
Pantai Holdings Berhad disclosed to Bursa Malaysia Berhad the
details of its shares buy back on August 8, 2004.

Date of buy back: 10/08/2004

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

Total number of shares purchased (units): 65,200

Minimum price paid for each share purchased (RM): 0.865

Maximum price paid for each share purchased (RM): 0.875

Total consideration paid (RM): 57,012.80

Number of shares purchased retained in treasury (units): 65,200

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

Cumulative net outstanding treasury shares as at to-date
(units): 22,059,700

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

CONTACT:

Pantai Holdings Berhad
3rd Floor, Block B
Pantai Medical Centre
No. 8 Jalan Bukit Pantai
59100 Kuala Lumpur
Tel: 03-22879822
Fax: 03-22873822
Web site: http://www.pantai.com.my/


PSC INDUSTRIES: Clarifies Newspaper Reports
-------------------------------------------
The Board of Directors of PSC Industries Berhad (PSCI) wishes to
announce to the Bursa Securities that, arising from the articles
in various newspapers on Monday (9 August 2004) and Tuesday (10
August 2004), the Privatization Agreement between the Government
of Malaysia (GOM) and the Consortium led by Penang Shipbuilding
& Construction Sdn Bhd (PSCND) on 11 December 1995 of PSC-Naval
Dockyard Sdn Bhd (PSCND), a 79.23% subsidiary of the Company, is
still intact.

The Company clarified that pursuant to the Privatization
Agreement, on 5 September 1998, PSCND has signed a contract of
RM5.35 billion with the GOM to design, construct and deliver the
initial six (6) out of the twenty seven (27) Patrol Vessels (PV)
for the Royal Malaysian Navy.

The first two (2) PVs have been successfully launched and the
construction of the remaining four (4) is progressing as
scheduled.

CONTACT:

Psc Industries Berhad
Jalan Bukit Nanas
Kuala Lumpur, 50250
Malaysia
Tel: +60 3 201 6516
Tel: +60 3 232 6214

This Bursa Malaysia announcement is dated 8 August 2004.


SELOGA HOLDINGS: Usaha Citra Acquires 14,000,000 Shares
-------------------------------------------------------
Further to Seloga Holdings Berhad's (SHB) announcement dated 3
August 2004 pursuant to Paragraph 14.08(c) of the Listing
Requirements of Bursa Malaysia Securities Berhad, the Company
wishes to inform that Usaha Citra Sdn. Bhd., a company in which
Tan Sri Halim Saad has interest, has acquired shares through off
market during closed period as follows:

Date             Price per     No. of ordinary     % of
ordinary share            shares      issued share capital

10 August 2004   RM1.90        14,000,000       13.94

Tan Sri Halim Saad is the Chief Executive Officer of the
Company.

CONTACT:

Seloga Holdings Berhad
No 1 Jalan USJ 10/1A UEP Subang Jaya
47620 Petaling Jaya  Selangor Darul Ehsan
MALAYSIA
Phone: +60 3 2274 7788

This announcement is dated 10 August 2004.


SELOGA HOLDINGS: Releases Unaudited Quarterly Report
----------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Seloga
Holdings Berhad released its unaudited Quarterly report for the
financial period ended June 30, 2004.

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2004



   INDIVIDUAL PERIOD       CUMULATIVE PERIOD

CURRENT YEAR   PRECEDING YEAR   CURRENT YEAR   PRECEDING YEAR
QUARTER     CORRESPONDING       TO DATE        CORRESPONDING
            QUARTER                            PERIOD

30/06/2004  30/06/2003       30/06/2004       30/06/2003
RM'000       RM'000           RM'000          RM'000

(1) Revenue
25,636       17,064          40,440          36,340

(2)

Profit/(loss) before tax
-404         -1,925          -2,845          -3,117

(3) Profit/(loss) after tax and minority
interest
-404        -1,925          -2,845          -3,149


(4)  Net profit/(loss) for the period
-404        -1,925          -2,845          -3,149

(5) Basic earnings/(loss) per shares (sen)
-0.40       -3.22           -2.94           -6.69

(6) Dividend per share (sen)
0.00         0.00            0.00            0.00

                      AS AT END OF   AS AT PRECEDING
                       CURRENT       FINANCIAL YEAR
                       QUARTER       END

(7)  Net tangible assets per share (RM)

                       0.1700        0.0800

To view full copy of the report, click
http://bankrupt.com/misc/tcrap_seloga081104.doc
http://bankrupt.com/misc/tcrap_selogaB081104.xls


SOUTHERN STEEL: Enters Facility Agreement to Refinance Debt
-----------------------------------------------------------
The Board of Directors of the Southern Steel Berhad announces
that the Company (as Borrower), The Development Bank of
Singapore Ltd, Labuan Branch as Lead Arranger and Facility Agent
and the Financial Institutions (the Banks) have, on 9 August
2004, entered into a Facility Agreement (the Agreement) to
refinance the outstanding balance of its USD125 million term
loan facility at lower interest costs and for working capital
purposes.

Salient Terms of the Facility Agreement

1.  Loan Amount: USD85 million (the Facility)

2.  Final Maturity Date: 5 years from the Agreement date.

3.  Interest Period: 1, 3 or 6 months at Borrower's option

4.  Interest Rate: Interest shall be payable in arrears at the
end of each Interest Period at the rate of the applicable USD
SIBOR for the relevant Interest Period plus the Applicable
Margin.

5.  Applicable Margin: To be based on the applicable ratio of
Total Funded Debt/Profit Before Taxation, Interest, Depreciation
and Amortisation.

6.  Default Interest Rate: 1.00% per annum over the Interest
Rate.

7.  USD SIBOR: USD Singapore Inter-Bank Offer Rate (SIBOR) shall
be determined by the Facility Agent by reference to Reuters
Screen Page "SIBO", fixed at 1100 hr Singapore time on the date
of interest determination.

8.  Repayment: The Facility shall be repaid in 9 unequal semi-
annual installments and 1 final payment on the Final Maturity
Date, commencing 9 months from after drawdown in accordance with
the following schedule:

Installments 1 - 2 totaling 10% of the Facility
Installments 3 - 4 totaling 15% of the Facility
Installments 5 - 6 totaling 20% of the Facility
Installments 7 - 8 totaling 25 % of the Facility
Installments 9 - 10 totaling 30% of the Facility

This announcement is dated 10 August 2004.


SUNWAY CONSTRUCTION: Bursa Malaysia To Delist Shares
----------------------------------------------------
The entire issued and paid-up ordinary shares of Sunway
Construction Berhad (Suncon) will be removed from the Official
List of Bursa Malaysia Securities Berhad with effect from 9.00
a.m., Monday, 16 August 2004, pursuant to paragraphs 8.15(5) and
16.09(b) of the Listing Requirements.

CONTACT:

Sunway Construction Berhad
Level 8, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway,
46150 Petaling Jaya, Selangor Darul Ehsan, Malaysia.
Tel: +603 5635 7779
Fax: +603 5635 5632
     +603 5634 3529
Email: sunconpmt1@sunway.com.my

This Bursa Malaysia announcement is dated 11 August 2004.


TANJONG PUBLIC: Issues Additional 285,000 Ordinary Shares
---------------------------------------------------------
Tanjong Public Limited Company's additional 285,000 new ordinary
shares of 7.5 pence each issued pursuant to the employees' share
option scheme will be granted listing and quotation with effect
from 9.00 a.m., Thursday, 12 August 2004.

CONTACT:

Tanjong PLC
Kuala Lumpur City Centre
Kuala Lumpur, 50088
MALAYSIA
Telephone: +60 3 381 3388
Telephone: +60 3 381 3399

This Bursa Malaysia announcement is dated 10 August 2004.


TENAGA NASIONAL: Enters Power Purchase, Coal Supply Agreement
-------------------------------------------------------------
Tenaga Nasional Berhad announced a power purchase agreement
between the Company and Jimah Energy Ventures Sdn. Berhad as
follows:

Jimah Energy Ventures Sdn. Bhd. proposes to design, construct,
own, operate and maintain a coal-fired electricity generating
Facility with a nominal capacity of 1,400 Megawatts proposed to
be located at Mukim Jimah, Sepang, Negeri Sembilan to generate
and deliver electrical energy and make generating capacity
available to TNB.

This Agreement governs the obligations of the Parties to sell
and purchase the Daily Available Capacity and to the extent
dispatched, the Net Electrical Output generated by the Facility
for a term of 25 years in accordance with the agreed terms and
conditions.

The Facility comprises two (2) generating units with total
capacity of 1,400MW. The First Unit is expected to be on
commercial operations on 1st January 2009 while the Second Unit
is expected to be on commercial operations on 1st July 2009. The
existence of this Facility will assist in meeting the power
demand from the year 2009 onwards.

COAL SUPPLY AND TRANSPORTATION AGREEMENT between TNB FUEL
SERVICES
SDN. BHD. and JIMAH ENERGY VENTURES SDN. BHD.

This Agreement governs the relationship and the obligations of
TNB Fuel Services Sdn. Bhd. and Jimah Energy Ventures Sdn. Bhd.
with regards to the procuring and utilising of coal as the
nominated fuel for the Facility. TNB Fuel Services Sdn. Bhd. as
the nominated coal supplier ensures that coal shall be procured
efficiently and economically.

The primary approach of the Agreement is for Jimah Energy
Ventures Sdn. Bhd. to undertake the fuel supply risk. This
approach ensures arm's length transactions, transparency and
good governance.

CONTACT:

Tenaga Nasional Berhad
129 Jalan Bangsar
Kuala Lumpur, 59200
MALAYSIA
Telephone: +60 3 2296 5566
Telephone: +60 3 2283 3686

This Bursa Malaysia announcement is dated 10 August 2004.


TENAGA NASIONAL: Appoints Chief Financial Officer
-------------------------------------------------
Tenaga Nasional Berhad (TNB) announced the appointment of Mr.
Mohd Izzaddin bin Idris as Chief Financial Officer effective
from 1 September 2004. Mr. Mohd Izzaddin bin Idris, a Malaysian
aged 42 is a holder of First Class Honours, Bachelor of Commerce
(Finance Major) from the University of New South Wales,
Australia. He is currently the Senior Vice President (Corporate
Finance), Southern Bank Berhad, a position held since January
2004.

He has served as Chief Financial Officer of Ranhill Berhad from
February 2001 to November 2001. Prior to that, he was the Group
General Manager, Business Development & Corporate Affairs and
Chief Operating Officer at Malaysian Resources Corporation
Berhad from April 1996 to July 1999. His expertise lies in the
field of corporate finance on which he has also provided
advisory services in debt capital raising transactions, initial
public offering and acquisitions.

Mr. Mohd Izzaddin bin Idris started his career as Corporate
Banking Executive in Malaysian International Merchant Bankers
Berhad (MIMB) in June 1985 and moved on to hold the positions of
Senior Manager, Corporate Advisory and Assistant General
Manager, Business Development in MIMB until March 1996,
including an attachment stint at Barclays de Zoete Wedd Limited,
London from March 1986 to December 1988.

This announcement is dated 10 August 2004.


UNITED CHEMICAL: Seeks Extension of Investigative Audit
-------------------------------------------------------
Alliance Merchant Bank Berhad refers to the announcement dated 6
January 2004 in respect of the approval by the Securities
Commission (SC) for the Proposed Restructuring of United
Chemical Industries Berhad (UCI). Alliance also refers to the
announcement dated 26 February 2004 on the appointment of Messrs
Aljeffri Dean and Co. (Aljeffri) to act as independent auditors
to conduct an investigative audit on the past losses incurred by
UCI and to submit the investigative audit report within six (6)
months from the date of the appointment of the independent
auditors, in compliance with one of the conditions imposed by
the SC for the Proposed Restructuring of UCI.

Aljeffri was appointed by UCI on 24 February 2004 to act as
independent auditors for the aforesaid investigative audit and
as such, the deadline to submit the investigative report to the
SC is 24 August 2004.

Alliance Merchant Bank Berhad (Alliance), on behalf of UCI,
wishes to announce that Alliance has on behalf of the Company,
submitted an application to the SC for an extension of time of
three (3) months from 24 August 2004 to 24 November 2004, for
Aljeffri to complete and submit the investigative audit report
to the SC. The decision of the SC is currently pending.

CONTACT:

United Chemical Industries Berhad
10th Floor, Wisma MCA
Jalan Ampang
50450 Kuala Lumpur, WP
Malasia
Tel: 603-2619055
Fax: 603-2610502

This Bursa Malaysia announcement is dated 10 August 2004.


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


COLLEGE ASSURANCE: Selling Assets to Cover PHP17.2B Shortfall
-------------------------------------------------------------
College Assurance Plan Philippines Inc. (CAP) is selling its
real estate assets and PHP3.4 billion worth of Metro Rail
Transit bonds to cover a PHP17.2 billion shortfall in its trust
fund as of end-2003, ABS-CBN News reported on Wednesday.

According to CAP Senior Vice-President Cresencio Bendijo, the
company will hold talks with an unnamed U.S.-based investor for
the infusion of at least US$100 million in equity and a long-
term loan.

The Philippines Securities and Exchange Commission has given the
Company until September 30 to cover the PHP17.2 billion
shortfall or stand to lose its dealer's license to sell pre-need
plans to the public.

CONTACT:

College Assurance Plans Phils. Inc.
CAP I Building
126 Amorsolo Corner Hererra Streets
Legazpi Village, Makati City
Telephone: 817-6586, 759-2000
Fax: (0632) 818-0560
Website: http://www.cap.com.ph/


LEISURE & RESORTS: Gaming Firm Reduces Capital
----------------------------------------------
This is in reference to Circular for Brokers Nos. 3812-2003 and
3813-2003 both dated November 28, 2003 and 4029-2004 dated
December 18, 2003, in connection with the decrease in the
authorized capital stock of Leisure and Resorts World
Corporation (FER or the Corporation) from P2.5 billion at
present to P1.6 billion.

In relation thereto, the Corporation, in its letter dated August
9, 2004, disclosed that:

" The Securities and Exchange Commission has approved on 3
August 2004, the amendment to Article Seven of the Articles of
Incorporation decreasing the Company's authorized capital stock
from PHP2,500,000,000.00 divided into 2,500,000,000 shares with
par value of PHP1.00 per share to PHP1,600,000,000.00 divided
into 1,600,000,000 shares with par value of PHP1.00 each. The
SEC has likewise, consequently, approved the decrease in the
outstanding capital stock of LRWC from PHP1,162,678,120.00
divided into 1,162,678,120 shares with par value of PHP1.00 each
to PHP744,113,997.00 divided into 744,113,997 shares with par
value of PHP1.00 per share. The decrease of PHP418,564,123 shall
be applied to eliminate a substantial portion of the deficit of
PHP421,385,562 in the Corporation's Audited and Consolidated
Financial Statements as of December 31, 2002. LRWC received a
copy of the foregoing duly approved amended Articles today, 9
August 2004."

In view thereof, the Philippine Stock Exchange suspended the
Corporation's shares effective August 10, 2004. The reduction in
the number of listed shares of the Corporation from
1,162,678,120 to 744,113,997, pursuant to its restructuring,
shall be subject to the approval of the Exchange.

The PSE shall inform the Trading Participants and the investing
public of further developments on the aforementioned matter.

Leisure & Resorts World Corporation (FER) was formerly known as
Atlas Fertilizer Corporation. It was originally engaged in the
production of fertilizers and industrial chemicals. The Company
was also into exporting fresh and processed fruits and managing
mango plantations, which were located in Guimaras. Likewise, it
was engaged in aquaculture activities through its shrimp
project.

On April 12, 1999, the Company changed its corporate name to
Leisure & Resorts World Corporation. It also changed its primary
purpose from manufacturing to that of a realty development
company focusing on leisure business.

CONTACT:

Leisure & Resorts World Corporation
26/F, West Tower, PSE Centre
Exchange Road, Ortigas Center, Pasig City
Tel. No/s:  886-0133; 637-5992 to 93
E-mail Address:  lrwc@philcom.com.ph
Auditor:  SyCip, Gorres, Velayo & Company
Transfer Agent:  Stock Transfer Service, Inc.

This PSE announcement is dated 10 August 2004.


PHILIPPINE LONG: Posts Changes in Shareholder's Interest
--------------------------------------------------------
In compliance with Section 13 of the Revised Disclosure Rules of
the Philippine Stock Exchange, the Philippine Long Distance
Telephone Co. announced the changes that have taken place in the
shareholdings of PLDT Vice President Mr. Arnel S. Crisostomo,
PLDT Senior Vice President Jurisita M. Quintos, PLDT Senior Vice
President, and PLDT Vice President Alfredo B. Carrera.

For more information, go to
http://bankrupt.com/misc/tcrap_pldt081104.pdf

Very Truly Yours,
Philippine Long Distance Telephone Company
Ma. Lourdes C. Rausa-Chan
Corporate Secretary
August 11, 2004

CONTACT:

Philippine Long Distance Telephone Co.
Ramon Cojuangco Building
Makati Avenue, Makati City
Telephone Numbers:  814-3552; 888-0188
Fax Number:  813-2292
Website: http://www.pldt.com.ph


PHILIPPINE LONG: Issues Additional 5,500 Common Shares
------------------------------------------------------
The Philippine Stock Exchange (PSE) approved on June 14, 2000,
the application submitted by Philippine Long Distance Telephone
Company to list additional 1,289,745 common shares, with a par
value of P5.00 per share, to cover the Executive Stock Option
Plan (ESOP) of the Company, at an exercise price of P814.00 per
share.

In this connection, please be advised that a total of 5,500
common shares have been availed of and fully paid by the
optionees under the Company's ESOP.

In view thereof, the listing of the 5,500 common shares was
scheduled on August 11, 2004. This brings the number of common
shares listed under the ESOP to a total of 147,834 common
shares.

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

For your information and guidance.

MARIA ISABEL T. GARCIA
Head, Listings Department

JURISITA M. QUINTOS
Senior Vice President- Operations Group

This PSE announcement is dated 10 August 2004.


PHILIPPINE LONG: Manpower Reduction Scheme Deadline August 18
-------------------------------------------------------------
Philippine Long Distance Telephone Co. (PLDT) has extended its
manpower reduction program only until August 18, 2004, the
Philippine Star reports.

The scheme aims to further reduce its operating expenses and
increase operational efficiencies by offering its employees a
generous package for retirement.

The package includes the normal retirement pay plus a 100-
percent premium for employees who have served the company over
15 years. It also guarantees rank-and-file employees that the
computation will include the recently approved collective
bargaining agreement (CBA) increase, as it also guarantees
supervisors that their computation will include the first year
increase of their on-going CBA negotiations.

After the August 18 deadline, the company plans to reduce the
benefits in the package. The reduction is presently under
discussion, but it is certain that the medical benefits shall no
longer be offered and that the 100-percent premium will be
lowered substantially.

PLDT is expecting that the company will not have to resort to
massively targeting employees for termination in its bid to cut
cost. However, if employees do not voluntarily avail themselves
of the generous packages being offered now, it will have to
eventually head in that direction, the report said.


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


KAITENG TECHNOLOGY: Court Issues Winding Up Order
-------------------------------------------------
In the Matter of Kaiteng Technology Singapore Pte Ltd., a
Winding Up Order was made on the 30th day of July 2004.

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

Messrs Shook Lin & Bok
Solicitors for the Petitioner.

This Singapore Government Gazette announcement is dated August
6, 2004.


LAMIMORI PACKAGING: Winding Up Order Made
-----------------------------------------
In the Matter of Lamimori Packaging Industries (Pte) Ltd., a
Winding Up Order was made on 30th July 2004.

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

RAJAH & TANN
Solicitors for the Petitioner.

Note:

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

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

This Singapore Government Gazette announcement is dated August
6, 2004.


LIM HONG: Receives Winding Up Order
-----------------------------------
In the Matter of Lim Hong Heng Enterprise (Pte) Ltd., a Winding
Up Order was made on the 30th day of July 2004.

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

Messrs Rajah & Tann
Solicitors for the Petitioner.

Note:

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

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

This Singapore Government Gazette announcement is dated August
6, 2004.


MILLENNIUM-WESTMONT PRIVATE: Holds Creditors' Meeting
-----------------------------------------------------
Notice is hereby given that a meeting of creditors of Millenium-
Westmont Private Limited will be held at Ernst & Young, 10
Collyer Quay #06-05, Whinney Room, Ocean Building, Singapore
049315, at 10.00 a.m. on 24th August 2004.

Agenda

(1) To receive the liquidators' report on the progress of the
liquidation.

(2) To appoint a committee of inspection, if necessary.

(3) Any other matters.

To entitle you to vote thereat, your proof of debt must be
lodged with the liquidator not later than 5 p.m. on 9th August
2004. Proxies to be used at the meeting must be lodged with me
not later than 5 p.m. on 16th August 2004.

Ong Yew Huat
Liquidator.
Millennium-Westmont Pte Ltd
Address: c/o Ernst & Young
10 Collyer Quay #23-05
Ocean Building
Singapore 049315.


SMRT CORPORATION: Strikes Off Subsidiary
----------------------------------------
SMRT Corporation Ltd wishes to announce that its wholly-owned
subsidiary, TIBS Investment Pte Ltd, has been struck off the
Register of Companies pursuant to Section 344 of the Companies
Act, Cap. 50 with effect from 31 July 2004.

TIBS Investment Pte Ltd has ceased business since 15 July 2003.

Submitted by Prema d/o K Subramaniam, Company Secretary on
August 11, 2004 to the Singapore Stock Exchange.

CONTACT:

SMRT Corporation Ltd.
251 N. Bridge Rd.
179102 Singapore
Phone: +65-6331-1000
Fax: +65-6334-0247
Website: http://www.smrtcorp.com


TONG HUP: Placed Under Judicial Management
------------------------------------------
Notice is hereby given that on the 23rd day of July 2004, an
Order of Court for placing Tong Hup Seng Construction Company
Pte Ltd under Judicial Management was made and the relevant
particulars of the matter are given as follows:

(1) Number of matter: Originating Petition No. 3 of 2004/K
(High Court).

(2) Date of presentation of Petition: 8th day of April 2004.

(3) Petitioner's solicitors: Messrs Alan Shankar & Lim.

(4) Date of Order: 23rd day of June 2004.

(5) Registered office of the above named Company:
1008A Upper Serangoon Road
Tai Peng Gardens
Singapore 534746.

Messrs Alan Shankar & Lim
Solicitors for the Petitioner.


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


K.C. PROPERTY: Submits 2Q Financial Statement
---------------------------------------------
K.C. Property PCL, formerly known as Modern Home Development
Public Company Limited, would like to report its financial
statement in the second quarter of 2004 ending June 30 to the
Stock Exchange of Thailand. That the company had made the net
profit of THB43.00 million compared to net loss of THB2.16
million in the second quarter of 2003.  The change from loss to
profit had been significant, of more than 20 percent due to the
following reasons:

(1) In Q2/2003, Modern Home Development Public Company Limited
was in the process of transferring its assets to repay creditors
according to its restructuring plan. The company then did not
transact any business.

(2) The new investor group invested in the increased capital and
started its operation again in October 2003. In Q2/2004, it had
its normal business operation resulting from sales of houses and
managing the housing projects of related companies.

As a result, the Q2/2004 had been profitable.

For your information
Yours sincerely,
(Mr.Apisit Ngamachariyakul)
Director of Modern Home Planner Co.,Ltd.
The Plan Administrator of K.C.Property PCL
Formerly Modern Home Development PCL


                            *********


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

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

This material is copyrighted and any commercial use, resale or
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