TCRAP_Public/040813.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

             Friday, August 13, 2004, Vol. 7, No. 160

                            Headlines

A U S T R A L I A

BACKPACKERS TRAVEL: Collapses, Leaves $5Mln Debt
COLES MYER: Posts 28.1% Increase in Fourth Quarter Sales
QANTAS AIRWAYS: To Buy 8 Aircraft At A$450Mln
SANTOS LIMITED: Inks Contract With Newcrest Mining


C H I N A  &  H O N G  K O N G

BUILD KING: Amends Results Announcement
CHARTER WISE: Winding Up Hearing Slated September 1
CRYSTAL TRAVEL: Enters Winding Up Proceedings
GAMEPLAYERS.COM LIMITED: Receives Winding Up Petition Notice
GOLDEN COMPUTER: Faces Bankruptcy Proceedings

JINHUI HOLDINGS: Net Loss Widens To HKD79.69 M
KENNY CONSTRUCTION: Winding Up Hearing Set August 25
REGIONAL RESOURCES: Court Hearing Petition August 18


I N D O N E S I A

PERTAMINA: New Chief Declares War On Oil "Mafia"
TELEKOMUNIKASI INDONESIA: To Swap Foreign Debt With Rupiah


J A P A N

DAIEI INCORPORATED: R&I Places Rating on Monitor
DAIEI INCORPORATED: Snubs Creditors' Proposal To Seek IRCJ Aid
KANEBO LIMITED: Q1 Sales Dip 26.8%
UFJ HOLDINGS: MTFG Offers US$6.3Bln Capital Infusion
UFJ HOLDINGS: Oks Basic Deal on MTFG's Cooperation


K O R E A

HYUNDAI MERCHANT: Posts KWR171.4Bln in 1Q 2004
SSANGYONG MOTOR: SAIC to Conduct Due Diligence


M A L A Y S I A

ACTACORP HOLDINGS: Submits Appeal Letter to SC Re Restructuring
ANCOM BERHAD: Purchases Ordinary Shares of RM1.00 Each
BESCORP INDUSTRIES: Receives Writ of Summons
CHG INDUSTRIES: Enters Into Conditional Agreement With TTSH
INTAN UTILITIES: Bursa Malaysia Grants Extension of Time

LANKHORST BERHAD: Securities Suspended Effective August 12
MTD CAPITAL: Issues Additional 28,000 Shares for Listing
NAUTICALINK BERHAD: SC Approves Proposed Restructuring Scheme
OILCORP BERHAD: Issues Update on Proposals
PASARAYA OCEAN: Court Hears Winding Up Petition

SATERAS RESOURCES: Issues Update on Proposed Restructuring
TANJONG PUBLIC: Issues Details On Dealings of Principal Officer
TELEKOM MALAYSIA: Bourse Grants Listing of 1,449,000 Shares
TRONOH MINES: Issues Change in Name
UNZA HOLDINGS: Bourse De-lists Issued and Paid-Up Shares


P H I L I P P I N E S

ABS-CBN BROADCASTING: Releases Q1 Financial Report
BACNOTAN CONSOLIDATED: Completes Sale of UCHC Shares to Cemco
METRO PACIFIC: Unveils Outcome of Board of Directors' Meeting
MUSIC SEMICONDUCTOR: Appoints Acting Corporate Secretary
NATIONAL POWER: Inks Malampaya Deal

NEGROS NAVIGATION: Clarifies August 11 Manila Times Article
NEGROS NAVIGATION: Unveils Result of Board of Directors Meeting
PHILIPPINE LONG: Issues Additional 16,516 Common Shares


S I N G A P O R E

PRIMA NOODLE: Posts EGM Results
SHC CAPITAL: Books H1 Loss
TOP GLOBAL: Releases Half-year Financial Statement


T H A I L A N D

ABICO HOLDINGS: Releases Explanation on Financial Statement
ADVANCE PAINT: Notifies SET on Board of Directors Resignation
EASTERN PRINTING: Posts an Increase In Profit to THB207.96Mln
* Large Companies With Insolvent Balance Sheets

     -  -  -  -  -  -  -  -

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


BACKPACKERS TRAVEL: Collapses, Leaves $5Mln Debt
------------------------------------------------
Backpackers Travel Centre has reportedly folded, owing 500
creditors at least $5 million and leaving more than 1,000
backpackers out of pocket, the Australian Associated Press
reported.

The failure of the travel agency stemmed from the liquidation of
a similar outfit, Student Uni Travel last year. The collapse of
Backpackers Travel Centre came as a sign of further
consolidation among budget travel operators because there are
many new players in the shrinking market.

Adventure Tours Australia, one of Backpacker's biggest
creditors, said it had been a tough 18 months for the sector.
Data in Tourism Australia shows there are about 5,000 fewer
backpackers who visited last year than in 2002.

An investigation is being done by voluntary administrator
Michael Humphris of Horwath to evaluate the contract for the
sale of Backpackers Travel Centre to Backpackers World Travel.


COLES MYER: Posts 28.1% Increase in Fourth Quarter Sales
--------------------------------------------------------
Coles Myer Ltd (CML) announced in a press release on Thursday
its fourth quarter sales of $8.6 billion, an increase of 28.1
percent for the 13 weeks ended 25th July 2004. Sales for the
full year 2004 were $32.3 billion, an increase of 19.4 percent
over the previous year.

"This is an outstanding result for Coles Myer and a strong
indication that the initiatives we have put in place are
delighting our customers," CML CEO John Fletcher said.

"Our Food and Liquor group has delivered its best quarterly
sales growth in two years, reflecting market share gains and a
high degree of customer satisfaction with our new fuel and fresh
offers, and improved perceptions of the real value we offer in
our stores.

"Similarly in our non-food brands - Target, Kmart, Officeworks
and Myer - sales and margins have grown as these brands continue
to source the right merchandise at better prices and offer great
customer value.  Consistent with the retail sector, our non-food
brands benefited from the government's family assistance
package.

"Group EBIT margin in the second half increased on the prior
year, reflecting margin expansion in both the Food and Liquor
business and in our non-food brands.

"This result delivers on our goals of growing shareholder value
by delighting our customers and being the best team."

- Food and Liquor sales rose by 9.4 percent in the quarter, with
full year sales growth of 8.5 percent.

- Coles Express achieved sales of $1.3 billion in its first full
quarter as a national business.

- Kmart and Officeworks combined sales rose by 9.8 percent in
the quarter and Target sales were up by 12.2 percent.  Full year
sales grew by 7.1 percent for Kmart and Officeworks and 7.7
percent for Target.

- Myer and Megamart combined sales increased by 3.2 percent in
the quarter. Myer's sales quality has continued to improve,
underpinning a stronger EBIT margin in the second half.

The full Coles Myer loyalty program is now in place, comprising
fuel discounts, enhanced Fly Buys, the Coles Myer Source
MasterCard and the recently launched Myer One card.  In
replacing the shareholder discount card, which closed on 31 July
2004, the new program offers shopping benefits for all of our
customers.

To view full copy of Fourth Quarter 2004 Sales Release, click
http://bankrupt.com/misc/colesmyer081204.pdf

CONTACT:

Coles Myer Ltd. (NYSE: CM [ADR])
800 Toorak Rd.
Tooronga, Victoria 3146, Australia
Phone: +61-3-9829-3111
Fax: +61-3-9829-6787
Website: http://www.colesmyer.com


QANTAS AIRWAYS: To Buy 8 Aircraft At A$450Mln
---------------------------------------------
Qantas Airways Ltd., along with Singapore's Temasek Holdings
have ordered eight Airbus A320 aircraft valued at A$450 million
for their Jetstar Asia venture, according to Dow Jones.

Qantas will hold a majority stake in the airline at 49 percent.
Temasek will hold 19 percent and businessmen Tony Chew and F.F.
Wong will own 21.1 percent and 10 percent respectively.

The airline will be based in Singapore, and will begin
operations at the end of the year.

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: Inks Contract With Newcrest Mining
--------------------------------------------------
Santos Limited announced in a press release on Thursday the
signing of a sales gas contract with Newcrest Mining Limited
(Newcrest).

Under the contract Santos (45 percent) and Apache (55 percent
and operator) will supply Newcrest with 120 petajoules (PJ) of
gas over 15 years from the John Brookes field.

This is the first major gas contract for John Brookes following
the approval of the $A220 million (Santos estimate) development
of the field.

The John Brookes field is located in exploration permit WA 214-
P, in the Carnarvon Basin, offshore Western Australia.

The sales contract will see the field provide a maximum of 25
terajoules (TJ) per day to Newcrest for power generation at the
Telfer gold mine, in the Pilbara region of Western Australia.

The contract will commence no later than December 2004 and will
support both the open cut and underground operations phases of
the Telfer mine.

The contract is subject to the execution of gas transport
agreements, completion of metering facilities and obtaining all
relevant permits.

The contracted gas will initially be supplied from the nearby
East Spar gas field until the John Brookes field commences
production in mid 2005.

The John Brookes field was discovered in 1998 with the drilling
of the John Brookes 1 exploration well and successfully
appraised by the Thomas Bright 1 and 2 wells during 2003.

Following the approval by the joint venture partners, field
development is proceeding to supplement East Spar gas
production, as the field moves into decline, and to meet the
Newcrest contract.

Gas from the new development will be processed through the East
Spar Joint Venture (Santos 45 percent and Apache 55 percent and
operator) facilities located on the nearby Varanus Island in the
Carnarvon Basin.

"It is very pleasing to capture a new contract in the Western
Australian gas market which will further the development of the
Varanus Island gas hub", said Santos' Managing Director, John
Ellice-Flint.

"The Telfer mine is one of the key resource projects in the
Pilbara area and Santos is delighted to be a part of the
expansion of this important development," Mr. Ellice-Flint said.

Interests in the John Brookes Joint Venture are:

Apache Northwest Pty Ltd (operator)- 55 percent
Santos (BOL) Pty Ltd- 45 percent

FOR FURTHER INFORMATION PLEASE CONTACT:

Media enquiries:                  Investor enquiries:
Kathryn Mitchell                  Graeme Bethune
(08) 8218 5260;0407 979 982       (08) 8218 5157;0419 828 617

CONTACT:

Santos Ltd (NASDAQ (SC)
Level 29, Santos House,
91 King William St.
Adelaide, 5000, Australia
Phone: +61-8-8218-5111
Fax: +61-8-8218-5476
Website: http://www.santos.com.au


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


BUILD KING: Amends Results Announcement
---------------------------------------
The Stock Exchange has received a message from Build King
Holdings Limited (formerly known as I-China Holdings Limited),
which is reproduced as follows:

" We refer to the Form for the six months ended June 30, 2004 of
our Company faxed to the Stock Exchange yesterday.  Please be
informed of the following amendments in the Note 4:

                          As shown on the Form  Amended Figures
Weighted average number of
ordinary shares for the
purpose of basic earnings
per share                    6,327,388,438      6,323,278,849

Effect of dilutive potential
ordinary shares:
Preference share capital     279,452,055          275,342,466
                           ----------------     ---------------
Weighted average number of
ordinary shares for the
purpose of diluted earnings
per share                   6,606,840,493        6,598,621,315
                          ==================    ===============

The above amendment was made in compliance with HKSSAP 5
Earnings Per Share to correct the dates of issuance of
preference shares and their partial conversion into ordinary
shares during the period."

CONTACT:

Build King Holdings Limited
(Formerly I-China Holdings Limited)
73 Lei Muk Road
1st Floor
Kwai Chung, New Territories
Hong Kong
Phone: +852 2521 1238
       +852 2523 9176
Website: www.ipowerb2b.com/


CHARTER WISE: Winding Up Hearing Slated September 1
---------------------------------------------------
A Petition for the Winding up of Charter Wise Limited by the
High Court of Hong Kong was, on the 2nd day of August, 2004,
presented to the said Court by Tse Lam of Room 1516, Fu Wong
House, Fu Cheong Estate, Shamshuipo, Kowloon, Hong Kong.

The said petition will be heard before the Court at 10:00 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.

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 31st day of
August 2004.


CRYSTAL TRAVEL: Enters Winding Up Proceedings
---------------------------------------------
Notice is given that a Petition for the Winding up of Crystal
Travel Service Company Limited by the High Court of Hong Kong
was, on the 21st day of July, 2004, presented to the said Court
by Chow Ho Kwan of Room 32, 13/F., Block 3, Oi Fai House, Yau Oi
Estate, Tuen Mun New Territories, Hong Kong.

The said petition will be heard before the Court at 10:00 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.

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.


GAMEPLAYERS.COM LIMITED: Receives Winding Up Petition Notice
------------------------------------------------------------
Notice is given that a Petition for the Winding up of
Gameplayers.com Limited by the High Court of Hong Kong was, on
the 16th day of July, 2004, presented to the said Court by
Cheung Wai Kin of Room 2112, 21/F., Shui Sum House, Tin Shui
Estate, Tin Shui Wai, New Territories, 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.

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.


GOLDEN COMPUTER: Faces Bankruptcy Proceedings
---------------------------------------------
Notice is given that a Petition for the Winding up of Golden
Computer Technology (H.K.) Company Limited by the High Court of
Hong Kong was, on the 28th day of July, 2004, presented to the
said Court by Chan Pak Hong of Room 10, 35/F., Yuk Lun House,
Siu Lun Court, Tuen Mun, New Territories, 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.

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 31st day of
August 2004.


JINHUI HOLDINGS: Net Loss Widens To HKD79.69 M
----------------------------------------------
Jinhui Holdings Limited interim net loss this year widened to
HK$79.69 M from HK$1.52 M last year after incurring a HK$523.98M
loss and provisions made for forward-freight agreements,
according to an announcement filed to the stock exchange.

Jinhiu Holdings said last month its 50.9 per cent-owned, Oslo-
listed shipping unit, Jinhui Shipping and Transportation, lost
US$60 M to US$70 M (HK$468 million to HK$546 million) on forward
freight agreements, which investors considered as a lost gamble
in financial derivatives linked to the Baltic Dry Index - a
benchmark for freight rates.

Dry bulk shipping firm Jinhui Holdings failed to benefit from
the industry upswing as trading on freight derivatives dragged
the company into the red in the first half.


KENNY CONSTRUCTION: Winding Up Hearing Set August 25
----------------------------------------------------
Notice is given that a Petition for the Winding up of Kenny
Construction Company Limited by the High Court of Hong Kong was,
on the 21st day of July, 2004, presented to the said Court by
Limbu Surya Prasad of Flat 1, 13/F., On Hing Mansion, 156
Queen's Road East, Wan Chai, Hong Kong.

The said petition will be heard 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 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.


REGIONAL RESOURCES: Court Hearing Petition August 18
----------------------------------------------------
Notice is given that an amended Petition for an Order that
Regional Resources Agencies Limited may be wound up by the Court
under Section 168A and 177(1) (f) of the Companies Ordinance Cap
32; or Alternatively, that the Court do make an order that the
2nd Respondent do purchase the shares of the Petitioner and for
any relief consequential to this order; or for such other order
as shall be just was presented to the High Court of Hong Kong
Special Administrative Region was, on the 2nd day of July 2004,
presented to the said Court by Chan Mei Chu Marianna of 19A
Comfort Gardens, 60 King's Road, North Point, Hong Kong.

The said Petition is will be heard before the Court at 9:30 am
on the 18th 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.

Darin Leung & Partners
Solicitors for the Petitioner,
Suite B, 14th Floor
Wing Lung Bank Building
45 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 17th day of
August 2004.


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


PERTAMINA: New Chief Declares War On Oil "Mafia"
------------------------------------------------
Just hours after being installed as the new president director
of state-owned oil and gas firm PT Pertamina, Widya Purnama On
Wednesday has vowed to fight smugglers and oil "mafias" that
undermine the firm's performance, reports Antara.

"I will fight them and I am even ready to die for this cause,"
declared Mr. Widya, who was the chief executive of
telecommunications company Indosat before his appointment to
Pertamina.

He called on all Pertamina employees, government officials as
well as parliament members to support him in his determination.
He also said he would ask Pertamina's financial director to
prevent any leakage in the company's finances.

"If we can work synergically I am optimistic Pertamina will be
better and even the best in Asia," he said.

Mr. Widya had said he would resign as Pertamina chief if he
achieved nothing in the first 100 days.

CONTACT:

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


TELEKOMUNIKASI INDONESIA: To Swap Foreign Debt With Rupiah
----------------------------------------------------------
State-run PT Telekomunikasi Indonesia (Telkom) is eyeing to
reduce the risk of currency losses by refinancing some of its
foreign debt with rupiah borrowings, reports Reuters, citing a
company director.

"Telkom plans a debt refinancing this year against its dollar
debts," Telkom's finance director Rinaldi Firmansyah said.

According to Mr. Rinaldi, the planned debt refinancing may come
from bank loans, and that the firm may hedge its short-term
foreign debt.

Telkom, which has an estimated foreign debt of US$1.1 billion,
suffered a currency loss of IDR882.8 billion (US$95.5 million)
in the second quarter due to a slide in the rupiah, which fell
more than 10 percent against the dollar in the first half.


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


DAIEI INCORPORATED: R&I Places Rating on Monitor
------------------------------------------------
Rating and Investment Information, Inc. (R&I), has placed the
following rating on the Rating Monitor scheme. The rating
outlook is undetermined.

ISSUER: The Daiei, Inc.

Senior Long-term Credit Rating
R&I RATING: (B+); Placed on the Rating Monitor scheme.
The rating outlook is undetermined

Long-term Bonds (1 Series)
R&I RATING: (B); Placed on the Rating Monitor scheme.
The rating outlook is undetermined

Rationale:

There are apparent moves to require The Daiei to review its
plans, including reports that the company's main banks are
pushing for the use of the Industrial Revitalization Corporation
of Japan (IRCJ) in the formulation of the new medium-term plan
for The Daiei. The Daiei has denied the reports, but UFJ Bank,
which is one of the company's main banks and under pressure to
significantly reduce non-performing loans (NPLs), has developed
plans to concentrate on dealing with loans to large borrowers in
the first half of the current fiscal year. This means a greater
possibility that the formulation of plans for The Daiei will be
lead by the banks.

Moreover, the case has become a political issue with a series of
announcements from the Cabinet, and government intentions may
affect the direction of the plan. R&I considers it necessary to
monitor the situation, and it has placed The Daiei on its rating
Monitor scheme. The outlook for the rating is undetermined.

The "New Three Year Plan (March 2002 to February 2005)" that The
Daiei is currently implementing is generally progressing
according to projections in terms of profit and loss and debt.

However, sales at existing stores have been underperforming the
previous year, and a strengthening of marketing capabilities
will be essential to future reconstruction. Moreover, debt will
still be high relative to earning potential even if the
projections for the end of the current fiscal year are achieved.

Therefore, it is likely that the reconstruction of The Daiei
will be a difficult task without radical measures such as
business restructuring and financial assistance. Meanwhile, a
rough passage is forecast for the negotiations between The Daiei
and its main banks on the creation of a new framework for
reconstruction, and there are concerns that this will produce
disarray in management at the Daiei and that changes will emerge
in the assistance system of the main banks.

With future developments in flux, R&I will assess factors such
as the new reconstruction plan and the banks' assistance system,
and reflect these areas in the company's rating.

R&I RATINGS:

ISSUER: The Daiei, Inc.
Senior Long-term Credit Rating: (B+);
Placed on the Rating Monitor scheme.
The rating outlook is undetermined.

News Release

An R&I Senior Long-term Credit Rating is an opinion regarding an
issuer's overall capacity to pay its entire financial
obligations, without taking into account the degree of recovery
of specific obligations.

A Senior Long-term Credit Rating will be assigned to all
issuers. Ratings for individual issues may differ from the
Senior Long-term Credit Rating depending on the terms and
conditions of the issue.

CONTACT:

The Daiei Incorporated
4-1-1, Minatojima Nakamachi,
Chuo-ku, Kobe, 650-0046
Japan
Phone: +81-78-302-5001
Fax: +81-78-302-5572
Website: www.daiei.co.jp


DAIEI INCORPORATED: Snubs Creditors' Proposal To Seek IRCJ Aid
--------------------------------------------------------------
Intent on restructuring itself on its own, Daiei Incorporated
shelved a revival scheme proposed by the company's three main
creditor banks, NewsOnJapan reports.

The struggling retailer, through its President Kunio Takagi, has
formally declined a proposal by UFJ Bank, Sumitomo Mitsui
Banking Corporation, and Mizuho Corporate Bank, which urges
Daiei to seek Industrial Revitalization Corporation of Japan's
(IRCJ) assistance for its rehabilitation program.

Daiei instead unveiled its own revival plan, which focuses on
the supermarket business and management of rental commercial
establishments.

With the program, Daiei hopes to reduce its JPY1 trillion
interest-bearing loans to JPY460 billion by the end of fiscal
2005. It is also considering divesting assets and reducing its
capital in order to further reduce debts to JPY300 billion.


KANEBO LIMITED: Q1 Sales Dip 26.8%
---------------------------------
Kanebo Limited saw its first quarter group sales plummet 26.8
percent to JPY76.56 billion, Japan Today reports.

The troubled textile and food maker, which had a negative net
worth of JPY355.3 billion as of March 31, suffered a slump in
its April-June net sales this fiscal year mainly because it has
sold its cosmetics division Kanebo Cosmetics Inc. to a state-
backed entity. The divested asset began its independent
operations on May 7.

Kanebo Cosmetics contributed roughly one month of its earnings
to Kanebo's sales figure for the quarter.

CONTACT:

Kanebo Limited
20-20 Kaigan 3-chome, Minato-ku
Tokyo, 108-8080
Japan
Phone: +81-3-5446-3002
Fax: +81-3-5446-3027
www.kanebo.co.jp


UFJ HOLDINGS: MTFG Offers US$6.3Bln Capital Infusion
----------------------------------------------------
Mitsubishi Tokyo Financial Group (MTFG) offered to infuse as
much as JPY700 billion (US$6.3 billion) into UFJ Holdings
Incorporated in financial aid, reports Reuters.

MTFG, Japan's second largest bank by assets, would provide UFJ
around JPY500 billion by late September and may add another
JPY200 billion if necessary.

The Tokyo High Court's decision to reverse an earlier ruling
barring the inclusion of UFJ's trust unit in merger talks with
MTFG paved the way for MTFG's proposed rescue takeover of UFJ,
which has a market value of US$22.3 billion.

A merger between UFJ and MTFG with total assets of about US$1.7
trillion would overtake Citigroup, which has US$1.3 trillion in
assets, as the world's biggest bank.

CONTACT:

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


UFJ HOLDINGS: Oks Basic Deal on MTFG's Cooperation
--------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc., UFJ Holdings, Inc., The
Bank of Tokyo-Mitsubishi, Ltd., UFJ Bank Limited have concluded
a basic agreement relating to MTFG Group's cooperation in
strengthening UFJ Group's capital as disclosed in a press
release.

The capital strengthening is one of the items contained in the
memorandum of understanding, which was previously announced on
July16, 2004, with respect to the management integration and
other matters agreed upon between the two groups. The conclusion
of this basic agreement has been approved at meetings of the
respective boards of directors of the four companies held today.

(1) Purpose of the capital strengthening

The purpose of the capital strengthening is to maximize the
benefits of management integration of MTFG and UFJ in line with
the principles of such proposed transaction.

(2) Amount of capital strengthening

(i) UFJ and/or UFJ bank will strengthen its capital by injecting
500 billion and MTFG and/or BTM will participate in such
capital strengthening.

(ii) In addition to the strengthening of capital referred to in
clause (i) above, subject to further agreement between
Mitsubishi Tokyo Financial Group and UFJ Group, and as is
necessary and appropriate in light of the purpose of management
integration, UFJ and/or UFJ bank will increase its capital by up
to 200 billion and MTFG and/or BTM and/or parties designated by
either or both of them with the consent of UFJ and/or UFJ bank
will participate in such capital strengthening.

Following the completion of due diligence, the parties plan to
enter into an agreement, which will set forth the details of the
capital strengthening as soon as possible.

(3) Timing of the capital increase will be on or before
September 30, 2004.


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


HYUNDAI MERCHANT: Posts KWR171.4Bln in 1Q 2004
----------------------------------------------
Hyundai Merchant Marine Co. returns to black in the first half
of 2004 with an increase in net profit to KRW171.4 billion
(US$148 million) compared to a loss of KRW91.5 billion a year
ago, according to Yonhap News.

The number 2 ocean shipper's revenue rose 30.1 percent year-on-
year to KRW2.45 trillion.  Operating income skyrocketed 174
percent to KRW260.5 billion, the record holder for the largest
first-half figure.


SSANGYONG MOTOR: SAIC to Conduct Due Diligence
----------------------------------------------
Shanghai Automotive Industry Corp. (SAIC) will begin conducting
due diligence on Ssangyong Motor Co., next week, according to
Asia Times, citing sources close to the issue.

The due diligence will run for three weeks and is expected to be
complete by September 3rd. The process will involve an
inspection of Ssangyong Motor's Pyeongtaek plant, 70 kilometers
south of Seoul.

CONTACT:

Ssangyong Motor Company Limited
150-3 ChilgoE-dong
Pyeongtaek-si, Kyonggi 459-711
Korea (South)
Telephone: +82 31 610 1114
Telephone: +82 31 610 3739


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


ACTACORP HOLDINGS: Submits Appeal Letter to SC Re Restructuring
---------------------------------------------------------------
Actacorp Holdings Berhad (AHB) refers to the announcement made
to Bursa Malaysia Securities Berhad dated 5 August 2004 in
relation to the Proposed Restructuring Scheme of AHB.

On behalf of AHB, PM Securities Sdn Bhd wishes to announce that
the Company had submitted an appeal letter to the Securities
Commission (SC) on 11 August 2004 to seek SC's re-consideration
to approve the Proposed Restructuring Scheme of AHB based on
various justifications which the Board of Directors of AHB
considers to adequately address the concerns raised by SC
earlier.

This announcement is dated 11 August 2004.


ANCOM BERHAD: Purchases Ordinary Shares of RM1.00 Each
------------------------------------------------------
Ancom Berhad disclosed to Bursa Malaysia Securities Berhad the
details of its shares buy back dated August 11, 2004.

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

Total number of shares purchased (units): 10,000

Minimum price paid for each share purchased (RM): 0.805

Maximum price paid for each share purchased (RM): 0.815

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

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

Cumulative net outstanding treasury shares as at to-date
(units): 4,020,600

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


BESCORP INDUSTRIES: Receives Writ of Summons
--------------------------------------------
Bescorp Industries Berhad (BIB) wishes to inform Bursa Malaysia
Securities Berhad that a Writ of Summons dated 10 August 2004
has been served on Pengurusan Nasional Berhad, BIB, WCT Land
Berhad and Bursa Malaysia Berhad on 11 August 2004 by the
solicitors of Liew Yoon Thiam and Hi Geok Kim @ Hi Peh Lang, the
Plaintiffs seeking, inter alia, the following reliefs:

(1) An order restraining WCT Land Berhad (WCT) from
expropriating the listed shares of the Plaintiffs and issuing in
its place 1 new share in WCT for every 10 shares held in BIB.

(2) An order restraining the Bursa Malaysia Berhad (BMB) from
delisting the Plaintiffs shares from the Bursa Saham Malaysia.

(3) In the event WCT and BMB had effectuated the restructuring
scheme of the Special Administrators of BIB, an Order to BIB and
WCT to restore the original shares into the register of BIB and
for an order to BMB to relist the shares of the Plaintiffs on
Bursa Malaysia.

(5) An Order that all further proceedings in the restructuring
exercise be stayed pending the Investigative Audit Report
directed by the Securities Commission over BIB is completed.

(6) An Order that the costs of this action be paid by the
Defendants.

The Special Administrators is seeking legal advice on the above
writ and will made the appropriate announcement in due course.

CONTACT:

Bescorp Industries Berhad
7th Floor, Centrel Tower
Wisma Consplant, 2 Jalan SS16/4
Subang Jaya
47500 Petaling Jaya, Selangor
Malaysia
Telephone: 603-7327988
Fax: 603-7349967


CHG INDUSTRIES: Enters Into Conditional Agreement With TTSH
-----------------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, CHG
Industries Berhad issued an update in relation to the
Conditional Agreement with Tiong Toh Siong Holdings Sdn Berhad
(TTSH).

(1) INTRODUCTION

CHG refer to the announcement dated 10 August 2004 whereby CHG
received a letter from Linmax Group Sdn Bhd and the Vendors (as
referred to in the announcement) informing the Company that they
have decided to terminate the Restructuring Agreement dated 3
June 2004 after taking into consideration various issues
including a show cause notice on the delisting of the securities
of CHG from Bursa Malaysia Securities Berhad.

CHG wishes to announce that the Company had on 10 August 2004
entered into a Conditional Agreement with Tiong Toh Siong
Holdings Sdn Bhd (TTSH) where the parties have agreed to
undertake:

(i) to negotiate in good faith the structure, details and the
terms and conditions of a proposed reverse take-over and
restructuring scheme of CHG which will involve TTSH injecting
its assets into a company incorporated for the purposes of
undertaking and/or facilitating the proposed reverse take-over
and restructuring scheme (Newco) which will thereafter assume
the listing status of the Company;

(ii) to execute a definitive agreement or agreements within
three (3) months from the date of this Agreement or such
extended period as the parties may mutually agree;

(iii) to negotiate exclusively with TTSH in respect of the
proposed reverse take-over and restructuring scheme and shall
not enter into negotiations with any other third parties during
the period as set out in paragraph (ii) above.

(2) CONDITIONS PRECEDENT

The proposed reverse take-over and restructuring scheme will be
conditional upon the following having been obtained or
fulfilled:

(i) the satisfactory results of a legal and financial due
diligence audit on CHG to be undertaken within three (3) months
from the date of this Agreement or such extended period as the
parties may agree;

(ii) the approval of the Foreign Investment Committee;

(iii) notification or approvals from the Ministry of
International Trade and Industry;

(iv) required sanction of the High Court of Malaya with regard
to the capital reduction, if any and the approval of the High
Court of Malaya pursuant to Section 176 of the Companies Act,
1965 in respect of any scheme of arrangement and compromise, if
any or such other sanctions as may be required;

(v) the approval in principle from Bursa Securities for the
listing of and quotation for the shares of the Newco or on such
other approvals as may be required from Bursa Securities;

(vi) the approval of creditors or any classes and/or
shareholders of the Company and its subsidiaries pursuant to
Section 176 of the Companies Act, 1965, provided always that
TTSH shall not be required to settle the indebtedness of the
trade creditors of CHG and its subsidiaries;

(vii) the approval of the Securities Commission;

(viii) the approval by any relevant authorities for the proposed
injection of assets;

(ix) the approval by the board of directors and shareholders of
TTSH;

(x) the approval by the board of directors and shareholders of
CHG;

(xi) filings and notifications at the Companies Commission of
Malaysia; and

(xii) any other approval from or notification to any other
regulatory authority.

(3) DOCUMENTS FOR INSPECTION

The Conditional Agreement is available for inspection at the
registered office of the Company at B-12-15, Block B, Megan
Avenue II, No. 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur during
normal business hours from Mondays to Fridays (except for public
holidays) for a period of three (3) months from the date of this
announcement.

This announcement is dated 11 August 2004.

CONTACT:

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


INTAN UTILITIES: Bursa Malaysia Grants Extension of Time
--------------------------------------------------------
The Board of Directors of Intan Utilities Berhad (Intan) wishes
to inform that Bursa Securities Exchange Berhad (formerly known
as Malaysia Securities Exchange Berhad) (Bursa Malaysia) has on
10 August 2004 granted an extension of time of about seven and a
half months to 31 December 2004 to comply with the public
shareholding spread requirement (Public Spread) pursuant to
Paragraph 8.15(1) of the Listing Requirements.

The Public Spread of Intan as at 30 June 2004 comprises 27.30%
of the issued and paid-up share capital held by 922 public
shareholders (a shortfall of 78 public shareholders from the
minimum public shareholding requirement of 1,000 shareholders
under the Bursa Securities Listing Requirements).

On 16 January 2003 and 18 March 2003, AmMerchant Bank Berhad, on
behalf of Intan, announced several corporate proposals
(Proposals) including a proposed acquisition of a new core
business, proposed bonus issue and a proposed non-renounceable
restricted offer for sale of existing Intan shares to the
shareholders of Intan and eligible Directors and employees of
the Intan Group including seconded staff from Kristal Utama Sdn
Bhd (ROS).

Intan had on 4 August 2004 announced the notice of books closure
date for the ROS. The other Proposals will be implemented after
the completion of the ROS.

Upon the completion of the Proposals, the Public Spread of Intan
is expected to improve. Intan expects the Proposals to be
completed by the fourth quarter of calendar year 2004.

CONTACT:

Intan Utilities Berhad
11th Floor Menara Berjaya,
KL Plaza, 179 Jalan Bukit Bintang,
55100 Kuala Lumpur
Telephone: 03-2935 8888
Fax: 03-29358043
Website: http://www3.jaring.my/intan


LANKHORST BERHAD: Securities Suspended Effective August 12
----------------------------------------------------------
Kindly be advised that Lankhorst Berhad's securities was
suspended effective 9:56 a.m., Thursday, 12 August 2004 until
further notice.

Your attention is drawn to the advertisement of a Notice of
Winding Up Petition against Lankhorst Pancabumi Contractors Sdn
Bhd, appearing in The Star, Star Notices, page 7 on Thursday, 12
August 2004.


MTD CAPITAL: Issues Additional 28,000 Shares for Listing
--------------------------------------------------------
Kindly be advised that MTD Capital Berhad's additional 28,000
new ordinary shares of RM1.00 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation by Bursa Malaysia Securities Berhad effective 9:00
a.m., Friday, 13 August 2004.


NAUTICALINK BERHAD: SC Approves Proposed Restructuring Scheme
-------------------------------------------------------------
Further to the announcements made by Nauticalink Berhad (NB) to
Bursa Malaysia Securities Berhad dated 10 June 2003, 8 August
2003 and 15 April 2004, Public Merchant Bank Berhad (PMBB), on
behalf of NB, is pleased to announce that the Securities
Commission (SC) had, via its letter dated 9 August 2004, which
was received on 10 August 2004, approved the Proposed
Restructuring Scheme of NB under Section 32(5) of the SC Act,
1993 subject to the conditions as set out below (SC Approval).

The Proposed Restructuring Scheme has also been approved under
the Guidelines on the Acquisition of Interest, Mergers and
Takeovers by Local and Foreign Interest as issued by the Foreign
Investment Committee, of which the effects of the Proposed
Restructuring Scheme on the equity structure of Orion is shown
in Table 1.

The SC had granted waiver from full compliance with the
requirements of Paragraph 12.09 of Chapter 12 of the SC's
Policies and Guidelines on Issue/Offer of Securities (SC
Guidelines), whereby Kosmo Seraya Sdn Bhd (Kosmo) is allowed to
pledge a portion of its moratorium shares for the proposed
profit guarantee.

The SC Approval is subject to the following conditions:

(1.1) Moratorium on disposal be imposed on 50 percent of the
consideration shares to be received by the Kosmo pursuant to the
proposed acquisition, whereby Kosmo is not allowed to sell,
transfer or assign its holdings of securities for one (1) year
from the date the securities are listed on Bursa Malaysia
Securities Berhad. Every shareholder of Kosmo is required to
give an undertaking that he/she will not sell, transfer or
assign his/her shareholding in Kosmo for the stipulated period.

(1.2) In relation to the issuance of the ICULS pursuant to the
Proposed Debt Restructuring:

(a) PMBB and Orion are to obtain SC's prior approval should
there be any change to the terms and conditions of the ICULS
issue.

(b) Prior to the issuance of the ICULS, PMBB is required to
submit the following documents and information to the SC:

(i) Date of issue of the ICULS;

(ii) A certified true copy of the executed trust deed; and

(iii) A hard copy and soft copy of the complete principal terms
and conditions in the following format:

- Font: Arial
- Font Size: 11
- Margins (Top, Down, Right, Left): 1.25"
- Spacing: Single

(c) Prior to the issuance of the ICULS, the declaration letter
issued by Orion be ratified by the proposed Board of Orion upon
it being constituted and an extract of the board resolution
evidencing the ratification be submitted to SC; and

(d) Prior to the issuance of the ICULS, submission of
declaration by the proposed directors of Orion regarding their
fitness and competence to act as directors in accordance with
Chapter 4 of the SC Guidelines.

(1.3) Orion to commission an investigative audit (by an
independent audit firm which is not the existing or former
auditor of NB), into its historical losses, within two months of
the date of the SC's approval.

Upon the completion of the audit, Orion is required to take
necessary/relevant action, if it is established that offences
were committed by the Board of NB and/or any other parties who
were responsible for NB's losses, including initiating the
necessary action to recover the company's past losses, and
lodging reports with the relevant authorities concerning the
offences.

The investigative audit is to be completed within six (6) months
from the date of the independent auditors' appointment. Four (4)
copies of the investigative report by the independent audit firm
should be submitted to the SC.

(1.4) Full disclosure in the circular to the shareholders and
prospectus (if applicable) on the following:

(a) Detailed explanation as to how the losses suffered by NB
over the past financial years were incurred;

(b) Details of all contracts in hand;

(c) Provide explanation as to why the promoters of Hexariang are
confident that the increase in turnover, as forecasted, can be
achieved notwithstanding its past track record;

(d) Details of all the letters of award, letters of intent,
letters of instruction, expected repetitive orders, purchase
agreements and proposal/development which back up the
forecast/projections and an up to-date status of such letters;

(e) The company's risk management plan;

(f) The company's succession plan;

(g) Details on trade debtors' position, the ageing analysis and,
for amounts exceeding the credit period, comments by directors
on the recoverability of the amounts;

(h) The details on any encumbrances attached to the acquired
property; and

(i) The details on the valuation methodology of the Proposed
Acquisitions and justifications on the reasonableness of the PE
Multiple used;

(1.5) In relation to the trade debtors of the Orion Group, if
relevant:

(a) Full provision should be made for all overdue trade debtors
which are in dispute or under legal action, or for amounts which
have been outstanding for more than 6 months; and

(b) The directors of Orion should confirm and submit a
declaration that debts exceeding credit period are recoverable
and that full provision has been made to the
accounts/forecast/projections in accordance with paragraph (a)
above;

(1.6) Vendors of Hexariang would have to compensate for any bad
debts which, at the completion date of the proposals, had not
been provided for or disclosed in the Information Circular.

(1.7) In relation to the proposed land acquisition:

(a) PMBB/Orion to submit a legal confirmation that the title
details submitted in the valuation report are that of the
subject property, before the proposed acquisition is
implemented; and

(b) Orion to undertake that they will endeavour to obtain the
Certificate of Fitness for Occupation based on the new 'as-
built' plans within one (1) year of SC's approval.

(1.8) The proposed directors and substantial shareholders of
Orion who are involved in full-time capacity in Orion should not
be involved in full-time capacity in their personal businesses.

(1.9) The promoters, directors and substantial shareholders of
the new Orion Group should not in future, carry out any other
new business, which will compete directly or indirectly and be
in conflict with the business of the Group. The substantial
shareholders and promoters of Orion should provide an
undertaking that they would not be involved in a new
similar/competing business with the existing businesses of Orion
in the future.

(1.10) Kosmo to provide profit guarantees for the financial
years ending 31 December 2004 and 31 December 2005, as
voluntarily proposed by the company and such profit guarantee
arrangements must be finalized before the implementation of the
restructuring scheme.

(1.11) PMBB/Orion is required to inform the SC on the completion
of the proposals' implementation.

(1.12) PMBB and Orion to comply with any other terms and
conditions as stipulated in the SC Guidelines and Private Debt
Securities Guidelines.


Table 1 - Effect of the proposals on the equity structure of
Orion

The equity structure relating to Bumiputera, non-Bumiputera and
foreign shareholdings in Orion would change arising from the
implementation of the proposals, as follows:

<--------------------- Orion --------------------->
Before Proposal         (1)      After Proposal
      %                                   %

Bumiputera      50*                     85.78
Non-Bumiputera  50*                     14.06
Foreign          -                       0.16
Total           100.00                 100.00

Note:

(1) Upon incorporation of Orion

* Representing 1 share of RM1.00 each


OILCORP BERHAD: Issues Update on Proposals
------------------------------------------
Oilcorp Berhad issued to Bursa Malaysia Securities Berhad an
update in relation to the following proposals:

- PROPOSED SHARE SPLIT OF ONE (1) EXISTING ORDINARY SHARE OF
RM1.00 EACH IN OILCORP INTO TWO (2) NEW ORDINARY SHARES OF
RM0.50 EACH (PROPOSED SHARE SPLIT); AND

- PROPOSED AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION OF
OILCORP (PROPOSED MEMORANDUM AMENDMENTS)

Further to the announcement dated 30 July 2004, Hwang-DBS
Securities Berhad, on behalf of the Board of Directors of
OilCorp, wishes to announce that Bursa Malaysia Securities
Berhad (Bursa Securities), vide its letter dated 10 August 2004,
did not approve the appeal.

The Board of Directors of OilCorp has accepted Bursa
Securities's decision and therefore, would not proceed with the
Proposals.

This announcement is dated 11 August 2004.


PASARAYA OCEAN: Court Hears Winding Up Petition
-----------------------------------------------
Ocean Capital Berhad Company wishes to announce that a winding-
up petition has been served on its subsidiary, Pasaraya Ocean
(Klang Utara) Sdn. Bhd. on 11 August 2004 for a claim of
RM257,258.35. The winding-up petition on Pasaraya Ocean (Klang
Utara) Sdn. Bhd. was presented at the Kuala Lumpur High Court on
22 June 2004 and the sealed winding-up petition was served on 11
August 2004.

(a) The details of default or circumstances leading to the
filing of the winding-up petition against Ocean Subsidiaries:

The petition was filed by Messrs Wong Kam Leong & Partners, the
solicitors for GMV Marketing Sdn. Bhd. against Pasaraya Ocean
(Klang Utara) Sdn. Bhd. The claim by GMV Marketing Sdn. Bhd. is
for the debt due from Pasaraya Ocean (Klang Utara) Sdn. Bhd. for
the purchase of merchandise stocks. The claimed amount does not
include any interest costs. The petitioner had demanded the
outstanding debt to be paid immediately and Pasaraya Ocean
(Klang Utara) Sdn. Bhd has instead proposed a certain instalment
plan, which was not agreeable by the petitioner.

(b) Total cost of investment in Pasaraya Ocean (Klang Utara) Sdn
Bhd:

RM1.0 million.

(c) The financial and operational impact on the Group:

Pasaraya Ocean (Klang Utara) Sdn. Bhd is not a major subsidiary
in the Group. Both the Company and the Group is insolvent and
the petition served had no financial and operational impact on
the Group.

(d) The expected losses:

At this point in time, Pasaraya Ocean (Klang Utara) Sdn. Bhd. is
expected to incur legal fees of approximately RM40,000.00.

(e) The date of hearing of the winding-up petition: 22 September
2004.

(f) The steps taken and proposed to be taken by Pasaraya Ocean
(Klang Utara) Sdn. Bhd. in respect of the winding-up
proceedings:

(i) To file an application to stay the winding-up proceeding and
to refrain the petitioner from advertising the winding-up
petition;

(ii) To file an application to strike out the winding up
petition; and

(iii) To oppose the winding-up petition.

This announcement is dated 11 August 2004.


SATERAS RESOURCES: Issues Update on Proposed Restructuring
----------------------------------------------------------
Reference is made to the announcement made by Sateras Resources
(Malaysia) Berhad to Bursa Malaysia Securities Berhad dated 12
May 2003, wherein, the following was announced:

(i) Sateras, Salwan Corporation Berhad (formerly known as
Marina-Ace Industries Sdn Bhd) (Salwan), Opal Pyramid Sdn Bhd
(SPV) and the Vendors of Ace, had on 9 May 2003 entered into a
definitive agreement for the purposes of giving effect and
implement a proposed restructuring scheme to regularize the
financial condition of Sateras (Definitive Agreement); and

(ii) On 9 May 2003, Salwan and the Vendors of Ace had entered
into a conditional sale and purchase agreement, to acquire
4,500,000 ordinary shares of RM1.00 each in Ace, representing
the entire equity interest in Ace for a total purchase
consideration of RM140,000,000 to be satisfied via the issuance
of 140,000,000 new Salwan Shares (SPA-Ace).

Further thereto, Public Merchant Bank Berhad, on behalf of the
Board of Sateras, is pleased to announce:

(i) Sateras, Salwan, SPV and the Vendors of Ace, had via an
exchange of letter dated 11 August 2004, agreed to extend the
conditional period for the fulfillment of the conditions
precedent pursuant to Clause 3.1 of the Definitive Agreement for
a further period of six (6) months from 9 May 2004 to 30
November 2004 to facilitate the implementation of the Proposed
Restructuring Scheme; and

(ii) Salwan and the Vendors of Ace, had via an exchange of
letter dated 11 August 2004, agreed to extend the conditional
period for the fulfillment of the conditions precedent pursuant
to Clause 3.1 of the SPA-Ace for a further period of six (6)
months from 9 May 2004 to 30 November 2004 to facilitate the
implementation of the Proposed Acquisition of Ace.


TANJONG PUBLIC: Issues Details On Dealings of Principal Officer
---------------------------------------------------------------
Tanjong Public Ltd. Co. announced to Bursa Malaysia Securities
Berhad that it has been notified of the following dealings by
Lee Siew Lan, a Principal Officer of the Company pursuant to
Paragraph 14.09 (a) of the Listing Requirements of Bursa
Securities:

(1) Notification on 10 August 2004:

(a) (i) That she has disposed in the open market of the Bursa
Securities, 21,800 shares of 7.5 pence each in Tanjong
representing 0.0054 percent of the issued share capital of
Tanjong as at the date of the transaction;

(ii) Date of transaction - 27 July 2004; and

(iii) Transaction price - RM12.70 per share of 7.5 pence each.

(b) (i) That she has disposed in the open market of the Bursa
Securities, 28,200 shares of 7.5 pence each in Tanjong
representing 0.007 percent of the issued share capital of
Tanjong as at the date of the transaction;

(ii) Date of transaction - 28 July 2004; and

(iii) Transaction price - RM12.8064 per share of 7.5 pence each.

(c) (i) That she has disposed in the open market of the Bursa
Securities, 5,000 shares of 7.5 pence each in Tanjong
representing 0.0012 percent of the issued share capital of
Tanjong as at the date of the transaction;

(ii) Date of transaction- 30 July 2004; and

(iii) Transaction price- RM13.00 per share of 7.5 pence each.

CONTACT:

Tanjong Public Limited Co.
Principal Office in Malaysia
Level 30, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
Telephone: 03-23813388
Fax: 03-23813399


TELEKOM MALAYSIA: Bourse Grants Listing of 1,449,000 Shares
-----------------------------------------------------------
Kindly be informed that Telekom Malaysia Berhad's additional
1,449,000 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., Friday, 13 August 2004.


TRONOH MINES: Issues Change in Name
-----------------------------------
Tronoh Mines Malaysia Berhad announced to Bursa Malaysia
Securities Berhad that the name of the Company has been changed
to TRONOH CONSOLIDATED MALAYSIA BERHAD. The change is effective
from 9 August 2004, i.e from the date of issuance of the
Certificate of Incorporation on Change of Name of the Company
from Companies Commission of Malaysia.

This announcement is dated 11 August 2004.


UNZA HOLDINGS: Bourse De-lists Issued and Paid-Up Shares
--------------------------------------------------------
Further to Listing Circular No L/Q: 25949 of 2004, kindly be
advised that Bursa Securities had dismissed Unza Holdings
Berhad's appeal against the decision of Bursa Securities to de-
list its entire issued and paid-up ordinary shares from the
Official List of Bursa Securities.

In this respect, please be advised that the entire issued and
paid-up ordinary shares of UNZA will be removed from the
Official List of Bursa Securities effective 9:00 a.m., Tuesday,
17 August 2004, pursuant to paragraphs 8.15(5) and 16.09(b) of
the Listing Requirements.


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


ABS-CBN BROADCASTING: Releases Q1 Financial Report
--------------------------------------------------
ABS-CBN Broadcasting Corporation disclosed on the Philippine
Stock Exchange that it has registered a net income of PHP560
million in the first half of 2004, reflecting a 10 percent
growth year-on-year (YoY). The growth in net income was
primarily brought about by overall revenue growth as well as
lower interest expense.

Airtime revenues and broadcast related revenues increased by 5
percent to PHP5,556 million in the first half of the year
(1H.04) primarily driven by higher revenues from TV Channel 2.
Airtime revenues from TV Channel 2 grew by 5 percent in 1H.04
brought about by a combination of an increase in advertising
rates and an increase in advertising minutes where total VHF
industry minutes was down by 1percent.

Airtime revenues from other platforms, on the other hand, fell
by 7 percent as advertisers adopted a wait-and-see attitude in
view of the national elections.  While political advertising was
higher in this recently concluded elections compared to the 2001
elections, over 90 percent of the approximately PHP480 million
political ads was placed in Channel 2, which has a wider
audience reach compared to the other platforms owned by the
company.

Other broadcasting related revenues composed primarily of SMS
related revenues increased by 38 percent in 1H.04 as the nature
of SMS activities has evolved from audience interaction via SMS
in Game K N B? to the more lucrative downloading of new services
such as polytones, java games, and wallpapers. SMS revenues also
grew with the introduction of promos, which include voting for
the Star Circle Quest, Star in a Million and Sana'y Wala Nang
Wakas ending.

The company's net sales and services continued to post healthy
growth rates as 1H.04 increased by 23 percent to PHP2,055
million with ABS-CBN Global continuing to account for bulk of
net sales and services.

In the first half of the year, ABS-CBN Global reported net
revenues of PHP1,412 million, up 24 percent from PHP1,135
million in 1H.03.  ABS-CBN Global's reach continued to expand as
its viewer ship grew 24 percent YoY to PHP1.5 million by end-
June 2004 from PHP1.2 million the year ago.  To reach even more
viewers, ABS-CBN Global launched its own DTH service in
Australia last June where ABS-CBN's channels were previously
distributed by a third party DTH provider.

Other subsidiaries turned in equally notable results with a
growth of 21 percent in 1H.04 to PHP643 million from PHP531
million in 1H.03. ABS-CBN Films continued to produce blockbuster
movies with the showing of Milan and All My Life, which grossed
over P100 million each from box-office receipts and from shares
in video sales. Star Records and ABS-CBN Publishing likewise
registered strong double-digit growth rates in the first half of
the year.  Net sales of Star Records grew primarily from video
sales of movies produced by ABS-CBN Films while, ABS-CBN
Publishing's revenue growth came from an increase in circulation
as well as an increase in ad page rate.

With net airtime and broadcast related revenues growing by 5
percent and net sales and services growing by 23 percent, total
net revenues grew 10 percent to PHP6,614 million.

To view the complete report, please click:
http://bankrupt.com/misc/ABSCBNBROADCASTING081204.pdf

CONTACT:

ABS-CBN Broadcasting Corp.
ABS-CBN Broadcasting Centre Complex
Mother Ignacia St. cor.
Sgt. Esguerra Ave. Quezon City
Telephone Numbers: 924-4101 to 4122; 415-2272
Fax Number: 431-9368
E-mail Address:  oliver_calma@abs.pinoycentral.com
URL:  http://www.abscbn-ir.com


BACNOTAN CONSOLIDATED: Completes Sale of UCHC Shares to Cemco
-------------------------------------------------------------
Bacnotan Consolidated Industries (BCI) disclosed on its website
that on August 5, 2004, it has executed a Share Purchase
Agreement with Atlas Cement Corporation (ACC) for the sale by
BCI to Cemco Holdings Inc. (Cemco) of 206,330,700 shares of
stock of Union Cement Holdings Corporation (UCHC) for USD
89,383,808.00, and for the sale by ACC to Cemco of 287,519,385
shares of UCHC for USD124,555,276.00.

This was pursuant to resolutions adopted by the Board of
Directors of BCI and of ACC on July 5, 2004, as eralier
disclosed. UNder the said agreement, the closing of the
transaction was scheduled for August 12, 2004.

The said closing of the transaction was completed on August 12
and the UUCHC shares were sold by BCI and ACC to Cemco.

CONTACT:

Bacnotan Consolidated Industries nd
Phinma Plaza-Level 12
39 Plaza Drive, Rockwell Center
Makati City 1200
Telephone Number:  870-0100
Fax Number:  870-0456
Email Address: rapandrada@phinma.com.ph


METRO PACIFIC: Unveils Outcome of Board of Directors' Meeting
-------------------------------------------------------------
Metro Pacific disclosed to the Philippine Stock Exchange the
results of its Board of Directors Meeting held on Thursday,
August 12, 2004.  The Board approved the sale by the Corporation
of its shareholdings in Landco, Inc. comprising 10.33 percent of
the outstanding capital stock thereof of AB Holdings Corp. and
certain individuals comprising the management of Landco Inc. for
a total consideration of PHP60,500,000.

Proceeds of the sale will be used in support of the ongoing
rehabilitation and restructuring program undertaken by Negros
Navigation Co. (Nenaco) of which Metro Pacific holds 97.4
percent of all outstanding shares.

Metro Pacific management and its Board of Directors has
determined this transaction to be in the best interests of the
company and its shareholders, given Nenaco's potentially
positive prospects as its rehabilitation and restructuring
program is approved and executed.

To view full copy of the disclosure, click
http://bankrupt.com/misc/metropacific081204.pdf


MUSIC SEMICONDUCTOR: Appoints Acting Corporate Secretary
--------------------------------------------------------
In compliance with the continuing disclosure of the Philippine
Stock Exchange, Music Semiconductor Corp. discloses that at the
special meeting of the Board of Directors of the company held on
August 12, 2004, the Board resolved that in the absence of the
Corporate Secretary and Corporate Information Officer, Ms. Grace
G. de la Cruz, for the period covering August 13, 2004 to
September 5, 2004, Mr. Juan B. Custodio will serve as Acting
Corporate Secretary and Corporate Acting Officer of the Company.


NATIONAL POWER: Inks Malampaya Deal
-----------------------------------
The National Power Corporation has signed a US$350 million
deferred payment facility deal with the Malampaya consortium,
Business World reports.

Energy Secretary Vincent S. Perez has said that the agreement,
which would be in effect until December 31, 2009, would give
Napocor "the needed financial flexibility to fulfill its gas-
sales agreement with Malampaya."

The signing implements an existing agreement among the parties
under the Ilijan Gas Sales and Purchase Agreement (GSPA) signed
in 1997.

According to SPEX government and external affairs manager Ding
S. Roco, the Malampaya facility is ready once Napocor calls for
it.

The agreement was signed by Napocor President Rogelio M. Murga,
PSALM President Raphael M. Lotilla, SPEX Managing Director and
Chief Financial Officer Peter van Driel, SPEX legal affairs
manager Kiril Caral, Chevron Texaco Malampaya LLC President Karl
Cottrell and PNOC-EC President Rufino Bomasang.

The Malampaya consortium formed by Shell Philippines Exploration
BV (Spex), Chevron Texaco and the government through state-run
Philippine National Oil Co. (PNOC) has been working with Napocor
for about two years for the deal.

CONTACT:

National Power Corporation
Quezon Ave., East Triangle, Diliman
Quezon City, Metro Manila, Philippines
Phone: +63-2921-3541
Fax: +63-2921-2468


NEGROS NAVIGATION: Clarifies August 11 Manila Times Article
-----------------------------------------------------------
Negros Navigation Co., Inc. clarifies a news article entitled
"Firm seeks order barring new contracts with Nenaco" published
in the August 11, 2004 issue of The Manila Times (Internet
Edition).

The article reported that "One of Negros Navigation Co.'s
service providers has asked a court hearing on the shipping
firm's rehabilitation case to compel Nenaco to honor its
contracts and desist from negotiating new deals to supplant
existing ones.

In a four-page manifestation, Nenaco service provider Star
Navigation alleged that officers of the debt-saddled shipping
firm have been trying to pressure the hotel service provider `to
abandon its existing contract and to accept the contract drafted
and proposed by Nenaco which changes every single obligations of
the parties on the excuse by these officers that the same is
pursuant to the rehabilitation of Nenaco.'

`To force Star into changing its contract with Nenaco, Nenaco
had started to make less payments to Star in violation of its
warranty and representation that Nenaco will completely perform
its obligations under its agreement with Star,' the motion read.

Star Navigation said the new contract would only increase
Nenaco's liabilities and obligations `to the prejudice of
Nenaco's existing creditors and all person[s] dealing with
Nenaco, which is contrary to the valid acts that a corporation
under corporate rehabilitation can do.'

Negros Navigation Co., Inc. (NN), in its letter to the Exchange
dated August 12, 2004, disclosed that:

"The above-mentioned newspaper report is lifted from the
arguments of Star Navigation in its Manifestation and Motion
dated July 6, 2004, which it filed with the Regional Trial Court
of Manila, Branch 46. Our legal counsel is currently preparing a
responsive pleading to the said manifestation and motion of Star
Navigation."

CONTACT:

Negros Navigation Co. Inc.
Pier II, North Harbor
Tondo, Manila
Telephone Number:  245-5588
Fax Number:  245-0780 (Telefax)
Email Address:  nnwebmaster@surfshop.net.ph
Website: http://www.nenaco.com.ph


NEGROS NAVIGATION: Unveils Result of Board of Directors Meeting
---------------------------------------------------------------
Negros Navigation Co. (Nenaco) disclosed to the Philippine Stock
Exchange the results of the company's Board of Directors'
regular meeting held on August 10, 2004, wherein a quorum was
present.

During the regular meeting, Director Jose Ma. K. Lim brought to
the attention of Nenaco's Board of Directors the fact that
Director Meliton V. Salazar tendered his resignation as one of
the company's Directors.  Nenaco's Board of Directors after
deliberating on the matter decided, with regret to accept the
resignation of Director Salazar.

Considering under our By-Laws, our Board of Directors is
authorized to fill any of its vacancies, due to causes other
than the removal of a director by the stockholders or by the
expiration of the term of director, by the majority vote by the
remaining directors, provided that the same still constitute a
quorum, appointed Mr. Sulficio O. Tagud Jr. as one of our
Directors to replace Director Salazar and to act as such for the
unexpired term of Director Salazar.

To view full copy of the disclosure, click
http://bankrupt.com/misc/negrosnavigation081204.pdf


PHILIPPINE LONG: Issues Additional 16,516 Common Shares
-------------------------------------------------------
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 P5.00 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 16,516
common shares have been availed of and fully paid by the
optionees under the Company's ESOP.

In view thereof, the listing of the 16,516 common shares is set
today, Friday, August 13, 2004. This brings the number of common
shares listed under the ESOP to a total of 164,350 common
shares.

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


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


PRIMA NOODLE: Posts EGM Results
-------------------------------
At an Extraordinary General Meeting of Prima Noodle Restaurant
Pte Ltd duly convened and held at 201 Keppel Road, Singapore
099419 on 30 July 2004, the following resolutions set out below
were duly passed:

Special Resolutions:

Resolved

(a) That the Company be wound up voluntarily pursuant to Section
290 (1) (b) of the Companies Act, Cap. 50, and that Messrs
Steven Tan Chee Chuan and Douglas Tan Kay Yeow of 138 Cecil
Street, #15-00 Cecil Court, Singapore 069538, be and are hereby
appointed as Joint Liquidators for the purpose of such winding-
up;

(b) That the Liquidators be and are hereby authorized (when and
as soon as the debts and liabilities of the Company have been
paid and satisfied or duly provided for) to distribute the
assets in specie or kind among the contributories of the Company
in accordance with their respective rights and interests; and

(c) That the Liquidators of the Company be and are hereby
authorized to exercise any of the powers given by Section 272
(1) (b), (c), (d) and (e) of the Singapore Companies Act, Cap.
50.

Ordinary Resolution:

Resolved

That the Liquidators, Messrs Steven Tan Chee Chuan and Douglas
Tan Kay Yeow, be remunerated for the work of winding-up of the
Company on their normal scale of fees and that the Liquidators,
be indemnified by the Company against all costs, charges,
losses, expenses and liabilities incurred or sustained by them
in execution and discharge of their duties in relation thereto.

Dorothy Ho
Company Secretary.


SHC CAPITAL: Books H1 Loss
--------------------------
SHC Capital Limited, a company engaged in the supply of
materials and equipment to the water, oil and gas industries,
booked a hefty SGD1.16 million pretax loss for the first half of
the 2004 fiscal year.

The company reported a loss of SGD0.61 million in operations as
compared to the previous SGD0.48 million. Net loss reached
SGD1.17 million from last year's SGD0.70 million. The group
share is 0.40 cents and turnover is decreased to 2.08 from 8.09.

No dividend was declared.

To view the complete financial report, please click:
http://bankrupt.com/misc/SHCLIMITED081204.pdf


TOP GLOBAL: Releases Half-year Financial Statement
--------------------------------------------------
Top Global Limited has announced its half-year financial results
for the period ended June 30, 2004.

In the first half of fiscal 2004, the company suffered an
operating loss of SGD1.43 million and a net loss of SGD1.19
million. The company's turnover dropped by 12.4 percent to
SGD10.681 million from SGD12.197 million for the corresponding
period in 2003.

The firm, engaged in the waterproofing and thermal insulation of
roofs for buildings and structures, concrete repairs and civil
engineering services, continued to operate in an extremely
difficult environment within the building and construction
sector. The sector contracted by 5.1% in the second quarter of
FY2004 after registering a small gain in the first quarter of
FY2004. Public sector projects awarded in the first quarter of
2004 declined by a significant 28.9% to $1.0 billion, as
compared to the same period last year. Industrial developments
registered a significant 85.3% decline.

To view the complete financial report, please click:
http://bankrupt.com/misc/TOPGLOBAL081204.doc


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


ABICO HOLDINGS: Releases Explanation on Financial Statement
-----------------------------------------------------------
Abico Holdings Public Co., Ltd. in a disclosure to the Stock
Exchange of Thailand delivered the financial statement for the
three-month period ending 31 March 2004.  The financial
statement was reviewed by the auditor who could not give
confidence for the financial statement which was reviewed
because of the following causes.

Cause No.1

The ability to continue the operation and the result of loss
which exceeded the capital significantly.

Explanation:

The company has been in the verge of improving such problems
which are divided into 2:

The 1st stage- From the improvement of business operation of
Abico Dairy Farm Co., Ltd. which is the main business of the
company, which resulted in a profit of THB2.27 million for the
first quarter 1/2004 which will show good results continually in
the long run.

The 2nd stage- The resolution of the main problem of the
company, namely debt problem and accumulated loss of the parent
company, Abico Holdings Public Co., Ltd.

In carrying out this step, the company has restructured the
business through the restructuring process in accordance with
the Bankruptcy Act, to speed up the solution of the company's
debt problem urgently.  At present, it is being processed in the
bankruptcy court.

Cause No. 2

The scope of reviewed financial statement of Malee Sampran
Public Co., Ltd. which is an associate company of Abico.

Explanation:

Malee Sampran Public Co., Ltd., and associate company of Abico
has a separate auditor to conduct a review of its financial
statement.

Forwarded for your information
Sincerely yours,
Abico Holdings Public Co., Ltd.
Kitti Vilaivarangkul
Managing Director


ADVANCE PAINT: Notifies SET on Board of Directors Resignation
-------------------------------------------------------------
Advance Paint & Chemical (Thailand) Public Company Limited,
would like to inform the resignation of member of the Board of
Directors of the Company, Mr. Thirasakdi  Nathikanchanalab,
effective August 9, 2004.

Please be informed accordingly
Yours sincerely,
(Mrs.Narumol Punnakitikashem)
Director


EASTERN PRINTING: Posts an Increase In Profit to THB207.96Mln
-------------------------------------------------------------
Eastern Printing PCL would like to inform the Stock Exchange of
Thailand that its performance on the Second Quarter (April 1st
to June 30, 2004) showed an increase in profit of THB207.96
million compared to last year (due to the company reserved
THB200 million for potential loss due to guarantee given).

In the Second Quarter this year, the company has normal net
profit of THB32.34 million, an increase of THB7.96 million over
last year, by increasing Sales revenue by THB28.43 million and
by controlling cost thus resulted in a better operating
performance.

If you have further details, please let us know accordingly
Very truly yours,
(Mr. Weera Louwitawat)(Ms.Laddawan Suwapradub)
EPCO MANAGEMENT CO., LTD.
Plan Administrator



* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                              Total
                                        Shareholders   Total
                                        Equity         Assets
  Company                      Ticker    ($MM)          ($MM)
  ------                       ------    ------------   -------

  CHINA & HONG KONG
  -----------------
Hainan DadongH-B               200613    (-5.15)       18.72
Hainan Dadong-A                000613    (-5.15)       18.72
Guangdong Sunrise-B            200030    (-177.22)     45.09
Guangdong Sunrise-A            000030    (-177.22)     45.09
Shenzhen China Bicycles-B
Co., Ltd.                      200017    (-203.9)      52.16
Shenzhen China Bicycles-A
Co., Ltd.                      000017    (-203.9)      52.16
Shenzhen Great Ocean           200057    (-10.87)      11.27
Shenzhen Petrochemical
Industry Group                 200013    (-290.79)     25.62
Shenzhen Petrochemical
Industry Group                 000013    (-290.79)     25.62


INDONESIA
---------
Barito Pacific Timber Tbk Pt    BRPT      (-50.67)     393.92
PT Smart Tbk                    SMAR      (-37.38)     398.89


  JAPAN
  -----

Fujitsu Comp Ltd                6719       (-46.88)    316.07
Prime Systems                   4830      (-100.79)     130.2

  MALAYSIA
  --------

CSM Corporation Bhd             CSM        (-8.40)      41.55
Faber Group Bhd                 FAB        (-7.16)     504.98
Kemayan Corp Bhd                KOP      (-353.12)      84.89
Panglobal Bhd                   PGL       (-41.07)     187.79
Sri Hartamas Bhd                SHB      (-138.37)      24.48
YCS Corporation Bhd             YCS         28.34      160.27

  PHILIPPINES
  -----------

Pilipino Telephone Co.          PLTL     (-400.56)     115.91


  SINGAPORE
  ---------

Pacific Century Regional
Developments Ltd                 PAC      (-176.29)    1050.46


  THAILAND
  --------

Asia Hotel PCL                  ASIA       (-26.62)     96.21
Asia Hotel PCL                  ASIA/F     (-26.62)     96.21
Bangkok Rubber PCL              BRC        (-41.29)     80.14
Bangkok Rubber PCL              BRC/F      (-41.29)     80.14
Central Paper Industry PCL      CPICO      (-37.02)     40.41
Central Paper Industry PCL      CPICO/F    (-37.02)     40.41
Datamat PCL                     DTM           2.27      17.21
Datamat PCL                     DTM           2.27      17.21
Jutha Maritime                  JUTHA      (-0.78)      29.03
Jutha Maritime                  JUTHA/F    (-0.78)      29.03
National Fertilizer PCL         NFC        (-91.34)    293.84
National Fertilizer PCL         NFC/F      (-91.34)    293.84
Siam Agro-Industry Pineapple
And Others PCL                  SAICO      (-14.84)      13.32
Siam Agro-Industry Pineapple
And Others PCL                  SAIC0/F    (-14.84)      13.32
Thai Wah Public
Company Limited-F               TWC        (-43.88)     168.15
Thai Wah Public
Company Limited-F               TWC/F      (-43.88)     168.15
Tuntex (Thailand) PCL           TUNTEX     (-50.94)     398.25
Tuntex (Thailand) PCL           TUNTEX/F   (-50.94)     398.25



                            *********


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, Reiza
Dejito, Editors.

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

This material is copyrighted and any commercial use, resale or
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