TCRAP_Public/040817.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, August 17, 2004, Vol. 7, No. 162

                            Headlines

A U S T R A L I A

NATIONAL AUSTRALIA: Releases Open Chairman and CEO Briefing Info
PRIMELIFE CORPORATION: ASIC Issues Interim Stop Order
PRIMELIFE CORPORATION: Requests Trading Halt
PRIMELIFE CORPORATION: Issues General Meeting Notice


C H I N A  &  H O N G  K O N G

ACE ESTATES: Enters Winding Up Proceedings
BORAMA LIMITED: Winding Up Hearing Set September 1
CIJ CREATION: Winding Up Hearing Slated on September 1
GLOBAL DIGITAL: Net Loss Widens to HKD19M
M CHANNEL: Net Loss Dips to HKD7M for Q1

MTC INTERNATIONAL: Faces Bankruptcy Proceedings
SINO ZOOM: Court Hears Winding Up Petition
TEXIND INDUSTRIES: Creditors To Prove Debts by August 27
TS TELECOM: Q1 Net Loss Shrinks to HKD7M


I N D O N E S I A

BANK PERMATA: Jamsostek Allots IDR800B For Stake Bid
BUMI RESOURCES: Unit Mulls Bank Loans For Debt Refinancing
INDOFOOD SUKSES: H1 Profit Drops 62%
TELEKOMUNIKASI INDONESIA: KPPU Rules Against Telco


J A P A N

ARASHIMA SHOTEN: Enters Bankruptcy
AWAMURA MANUFACTURING: Court Grants Protection Request
DAIEI INCORPORATED: Remains on R&I Credit Monitor
KOKUSAI MOTORCARS: MKS To Extend Financial Aid
MITSUBISHI MOTORS: Parts Makers' Reactions Could Prove Costly

UFJ HOLDINGS: Sumitomo Trust Head Raps Merger Ruling
* Corporate Bankruptcies Down For 19th Straight Month
* Fitch Continues Rating Watch on Six Major Japanese Banks


K O R E A

SSANGYONG MOTOR: New Luxury Car Snags Market Lead


M A L A Y S I A

ANSON PERDANA: Releases Amended Quarterly Report
BERJAYA SPORTS: Purchases 943,400 Ordinary Shares on Buy Back
CONSOLIDATED FARMS: Issues Litigation Update
CONSOLIDATED FARMS: Releases Practice Note No. 1/2001 Update
FABER GROUP: Unveils Bondholder's Meeting Results

GADANG HOLDINGS: Grants Listing of 77,000 New Ordinary Shares
HO WAH: Director Discloses Closed Period Dealing
MBF HOLDINGS: Releases Litigation Update
MBF HOLDINGS: Releases Unaudited Quarterly Report
MTD CAPITAL: Issues Notice of Shares Buy Back

PAN MALAYSIA: Discloses Dealings in Shares Within Closed-Period
SITT TATT: AGM Set for September 8
SITT TATT: Answers Bursa Securities Query
TANJONG PUBLIC: Issues Change in Share Registrar
UNISEM BERHAD: Setting Up Semiconductor Facility in China


P H I L I P P I N E S

ATLAS CONSOLIDATED: Mining Operations May Reopen This Year
MANILA ELECTRIC: Rejects MRT 3, LRTA Bid For 15% Discount
NATIONAL POWER: P1.3T in Debts Account for 20% of Govt Debts
NATIONAL STEEL: SEC Stops Iligan City From Bidding Out Assets
NEGROS NAVIGATION: Seeking Php20M in Damages for Sea Collision

PHILIPPINE BANK: NPAs Sale Attract 12 Investors
PILIPINO TELEPHONE: Clarifies "Debt Swap Deal With Smart" Report
RFM CORPORATION: Returns to Profit in Second Quarter
VITARICH CORPORATION: Narrows First Half Net Loss to PHP70Mln


S I N G A P O R E

DYNASTY THEATRE: Winding Up Order Made
FOOD SYNERGY: Court Issues Winding Up Order
INFORMATICS HOLDINGS: Reports SGD26.3M Net Loss for Q1 FY2005
KLW HOLDINGS: H1 Net Sinks Into The Red
STARTECH ELECTRONICS: Narrows 1H Loss to SGD2.4M

TECK LEONG: Releases Dividend Notice


T H A I L A N D

ABICO HOLDINGS: SET Suspends Securities Trading
ABICO HOLDINGS: Releases Reviewed 2Q and Consolidated FS
ADVANCE PAINT: Clarifies Decrease in Revenue and Net Profit
EASTERN WIRE: Issues Reviewed 2Q and Consolidated FS
EASTERN WIRE: Releases Performance Results

PAE THAILAND: Unveils Performance for 2Q 2004
PAE THAILAND: Issues Reviewed Quarter-2 and Consolidated FS
SAHAMITR PRESSURE: Issues Reviewed 2Q FS
SRITHAI FOOD: Issues Changes In 2Q 2004 Auditors
THAI WAH: Releases Reviewed 2Q and Consolidated Financials

TPI POLENE: Releases Reviewed 2Q and Consolidated Statements
TPI POLENE: Unveils Operating Performance for 2Q 2004
* BOND PRICING: For the Week 16 August to 20 August 2004

     -  -  -  -  -  -  -  -

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


NATIONAL AUSTRALIA: Releases Open Chairman and CEO Briefing Info
----------------------------------------------------------------
National Australia Bank posted on its website an open briefing
conducted last Thursday with Chairman Graham Kraehe and CEO & MD
John Stewart. It covers retail shareholder questions around the
bank's executive and non-executive appointments.

To view a full copy of the open briefing, click
http://bankrupt.com/misc/NATIONALAUSTRALIA081304.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/


PRIMELIFE CORPORATION: ASIC Issues Interim Stop Order
-----------------------------------------------------
The Australian Securities and Investments Commission (ASIC)
confirmed on Friday that it has issued an interim stop order on
a prospectus of Primelife Corporation Limited pending the
release of additional information by the company.

ASIC will not be making any further comment.


PRIMELIFE CORPORATION: Requests Trading Halt
--------------------------------------------
In accordance with Listing Rule 17.1, Primelife requested last
Friday a trading halt in Primelife ordinary shares (ASX Code
PLF) and Primelife Convertible Notes (ASX Code PLFG).

The trading halt was requested after the Australian Securities
and Investments Commission issued an interim stop order in
relation to the prospectus lodged by Primelife on 6 August 2004.
No offers under the prospectus will be made until the interim
stop order is lifted. Accordingly rights trading in Primelife
shares will not commence today.

Primelife requested that the trading halt be applied until the
commencement of trading on Tuesday, 17 August 2004 or until an
announcement is made, whichever is sooner.

Primelife expects that the trading halt will end when an
announcement is made to ASX on the announcements platform.
Primelife intends to make an announcement regarding the outcome
of discussions with ASIC when it is in a position to do so.

Primelife is not aware of any reason why the trading halt should
not be granted.

Primelife has no further information necessary to inform the
market regarding the trading halt at this time.

Please contact Jim Hazel on (03) 8699 3300 if you have any
queries or require further information in relation to any matter
relating to this letter.

CONTACT:

Primelife Corp. Ltd.
210 Kings Way, SOUTH MELBOURNE,
VICTORIA, AUSTRALIA, 3205
Head Office Telephone (03) 8699 3300
Head Office Fax (03) 8699 3414
Website: http://www.primelife.com.au/


PRIMELIFE CORPORATION: Issues General Meeting Notice
----------------------------------------------------
Primelife Corp. Ltd. wishes to advise that a General Meeting for
Primelife Corporation Limited will be held at 11:00 a.m. on
Wednesday the 15th of September 2004 at the ANZ Pavilion, Level
8, The Arts Centre, 100 St Kilda Road, Melbourne Victoria.

Attached are:

- Letter to Shareholders
- Notice of Meeting
- Explanatory Memorandum
- Proxy Form

To view full copy of the Notice, click
http://bankrupt.com/misc/PRIMELIFENOTICEOFAGM081204.pdf


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


ACE ESTATES: Enters Winding Up Proceedings
------------------------------------------
Notice is given that a Petition for the Winding up of Ace
Estates & Development Company Limited by the High Court of Hong
Kong was, on the 28th day of July, 2004, presented to the said
Court by Mak Wing Yee of Room 1204, Chak Tin House, Pak Tin
Estate, Kowloon, 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.


BORAMA LIMITED: Winding Up Hearing Set September 1
--------------------------------------------------
Notice is given that a Petition for the Winding up of Borama
Limited by the High Court of Hong Kong Special Administrative
Region was, on the 26th day of August 2004, presented to the
said Court by Bonny Ace Limited, whose registered office is
situated at Top Floor, Chinachem Golden Plaza, No.77 Mody Road,
Tsimshatsui East, Kowloon, 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.

Ford Kwan And Company
Solicitors for the Petitioner,
Rooms 1202-1206, 12th Floor
Wheelock House
20 Pedder Street
Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 31st day of
August 2004.


CIJ CREATION: Winding Up Hearing Slated on September 1
------------------------------------------------------
Notice is given that a Petition for the Winding up of CIJ
Creation Industries by the High Court of Hong Kong Special
Administrative Region was, on the 29th day of July 2004,
presented to the said Court by Lee Hak Dick, Lee Hak Si and Lee
Har Ming trading as Lee Hing Knitting Factory of Flats F & G,
11th Floor, Wing Kin Industrial Building, 4-6 Wing Kin Road,
Kwai Chung, New Territories, 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.

S. Cheng & Yeung
Solicitors for the Petitioner,
Suite 1005, 10th Floor
Kowloon Building
555 Nathan Road
Kowloon
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.


GLOBAL DIGITAL: Net Loss Widens to HKD19M
-----------------------------------------
According to Infocast News, Global Digital Creations (8271)
posted a net loss of HKD9.294 million for the first half of
2004, compared with the net loss of HKD11.664 million a year
ago. Loss per share was HKD.0246. No second quarter dividend was
declared.


M CHANNEL: Net Loss Dips to HKD7M for Q1
----------------------------------------
According to Infocast News, M Channel Corporation Limited (8036)
posted a net loss of HKD7.055 million for the first fiscal
quarter ended 30 June 2004, compared to a net loss of HKD12.282
million for the last corresponding year. The loss per share was
0.7 cents. No dividend was declared.

M Channel Corporation Limited disclosed its quarterly financial
results to the Hong Kong Stock Exchange on August 13, 2004.

Year end date                         :31/03/2005
Currency                              :HKD
Auditors' report                      :N/A
1st Quarterly Report Reviewed by      :Audit Committee

Important Note :

This result announcement form only contains extracted
information from and should be read in conjunction with the
detailed results announcement of the issuer, which can be viewed
on the GEM website at http://www.hkgem.com.

                                (Unaudited) (Unaudited)
                                 Current     Last Corresponding
                                 Period       Period
                             from 01/04/2004   from 01/04/2003
                              to 30/06/2004     to 30/06/2003
                                $'000             $'000

Turnover                       : 1,193             2,536
Profit/(Loss) from Operations  : (5,819)          (11,175)
Finance cost                   : (1,236)           (1,107)
Share of Profit/(Loss) of
Associates                    :    N/A               N/A
Share of Profit/(Loss) of Jointly
Controlled Entites             :    N/A               N/A
Profit/(Loss) after Taxation
& MI                          :  (7,055)          (12,282)
% Change Over the Last Period  :     N/A
EPS / (LPS)
          Basic (in dollar     :  (HKD 0.007)        (HKD 0.012)
          Diluted (in dollars) :     N/A               N/A
Extraordinary (ETD)Gain/(Loss) :     N/A               N/A
Profit (Loss) after ETD Items  :   (7,055)          (12,282)
1st Quarter Dividends per Share:     NIL               NIL
(specify if with other options):     N/A               N/A
B/C Dates for 1st Quarter
Dividends                     :     N/A
Payable Date                   :     N/A
B/C Dates for (-) General
Meeting                        :     N/A
Other Distribution for Current
Period                         :     NIL
B/C Dates for Other
Distribution                  :     N/A
                                     (bdi: both days inclusive)

For and on behalf of
M Channel Corporation Limited


William Chan
Company Secretary

Remarks:

1) Turnover and operating results

Turnover for the three months ended June 30, 2004 and June 30,
2003 represents the media sales income derived from the
provision of out-of-home audio and video media platform.

The comparative figures for the corresponding period in year
2003 have been reclassified to conform with current period
presentation.

2) Loss per share

The calculation of the basic loss per share for the three months
ended June 30, 2004 is based on the unaudited consolidated loss
of approximately HK$7,055,000 (2003: HK$12,282,000) and the
weighted average of 1,060,901,300 (2003: 1,060,901,300) ordinary
shares in issue during the period.

The computation of diluted loss per share has not been presented
for both periods because the exercise of the share options and
warrants would result in a decrease in the loss per share.

3) There are changes in the figures of the last corresponding
period's results in which written back of provision for
finance cost of approximately HK$16,000 is reclassified as
profit/(loss) from operations.


MTC INTERNATIONAL: Faces Bankruptcy Proceedings
-----------------------------------------------
Notice is given that a Petition for the Winding up of MTC
International Limited by the High Court of Hong Kong Special
Administrative Region was, on the 28th day of July 2004,
presented to the said Court by Coopervision Limited whose
principal place of business is situated at Aspect House, Hamble
Lane, Southampton, England.

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.

Minter Ellison
Solicitors for the Petitioner,
911-918 Hutchison House
10 Harcourt Road
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.


SINO ZOOM: Court Hears Winding Up Petition
------------------------------------------
A Petition for the Winding up of Sino Zoom Limited by the High
Court of Hong Kong Special Administrative Region was, on the
23rd day of July 2004, presented to the said Court by Toppan
Printing Company (HK) Limited whose principal place of business
is situated at Toppan Printing Centre, 1 Fuk Wan Street,

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.

Deacons
Solicitors for the Petitioner,
5th Floor,
Alexandra House,
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.


TEXIND INDUSTRIES: Creditors To Prove Debts by August 27
--------------------------------------------------------
The creditors of Texind Industries Limited, which is in Members'
Voluntary Liquidation, are required (if they have not already
done so), on or before the close of business on 27th day of
August 2004, to send in their names, addresses and particulars
of their debts or claims, and the name and address of their
solicitors, if any, to the undersigned at 27th Floor, Alexandra
House, 16-20 Chater Road, Central, Hong Kong.

If so required by notice in writing from the said Liquidators,
they are to come in personally or by their solicitors and prove
their said debts or claims at such time and place as shall be
specified in such notice.

In default thereof, they will be deemed to waive all of such
debts or claims and the Liquidators will be entitled, seven days
after the above date, to distribute any and all surplus assets
or funds available or any part thereof to the members.

Gabriel Ck Tam
Jacky Cw Muk
Joint and Several Liquidators


TS TELECOM: Q1 Net Loss Shrinks to HKD7M
----------------------------------------
Infocast News reported that TS Telecom Technologies Limited
(8003) posted a net loss of HKD7.183 million for the first
financial quarter ended June 30, compared to a net loss of
HKD9.004 million a year ago. The loss per share was HKD0.025. No
dividend was declared.


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=================


BANK PERMATA: Jamsostek Allots IDR800B For Stake Bid
----------------------------------------------------
Some IDR800 billion has been set aside by state pension fund
Jamsostek for its bid for the government's 71-percent stake in
PT Bank Permata, reveals the Jakarta Post.

According to Jamsostek President Achmad Junaidi on Friday, the
fund's management decided to buy a stake in the bank in the
hopes it could use Permata's networks to improve Jamsostek's
services to its clients.

"Permata is the seventh major private bank in Indonesia, it has
a wide network across the country and it has booked a solid
performance," he said. Part of Mr. Junaidi's vision is the
integration of the services of both firms, with Jamsostek's
members being able to check their pension funds using Permata
cards.

The pension fund, however, is still on the lookout for suitable
partners for the bid. Bank Rakyat Indonesia (BRI), Mr. Junaidi
confirmed, has extended Jamsostek an offer to form a consortium
in the Permata stake purchase, but a decision on the matter has
yet to be made.

Jamsostek director of investment Samuel Tobing said the firm
would hold final negotiations with local banks and foreign
investors early next week to form a consortium for the bid.

Apart from Jamsostek and BRI, several local and foreign banks
have expressed interest in the divestment, including Bank
Mandiri, Panin Bank, Bank Artha Graha and Bank Buana, Bank of
the Philippines, Standard Chartered Bank and Singapore-based
Temasek.

The government set an Aug 23 deadline for investors to
confirm their intention to bid for a stake. It expects to name a
buyer in December.

CONTACT:

PT Bank Permata Tbk.
Gedung Bank Bali
Jalan Jendral Sudirman Kav. 27
Jakarta 12920
Telephone: 021-52377899 (hunting)
Fax: 021-5237206/8


BUMI RESOURCES: Unit Mulls Bank Loans For Debt Refinancing
----------------------------------------------------------
Aside from a planned bond issue, coal miner PT Kaltim Prima Coal
(KPC), a unit of PT Bumi Resources (BUMI.JK) is studying the
option of syndicated bank loans to help refinance its debt,
reports Dow Jones, citing Bumi finance director Eddie Sobari.

According to Mr. Sobari, the firm has yet to reach a decision on
which options to use. "But we hope that we can choose the best
option and complete our plan to refinance the debt as soon as
possible," he added.

Bumi has said it plans to aid its unit's debt refinancing by
issuing US$375 million in bonds in the second half of 2004. Mr.
Sobari, however, said the planned issue might not push through,
depending on the yield demanded by investors.

Mr. Sobari added that the company is hoping the yield will be
lower than the 11%-12% interest charged on loans the company
plans to pay with the proceeds from the bond issue, which has
Credit Suisse First Boston (CSF.YY) and JP Morgan (JPM) as lead
managers.

The total debt of Kaltim Prima Coal, which Bumi acquired from
Rio Tinto PLC (RTP) and BP PLC (BP) for US$500 million in 2003,
currently stands at about US$400 million, Mr. Sobari said.

CONTACT:

PT Bumi Resources Tbk
Midplaza 2, 11th floor
J.I Jend Sudirman, Kav 10-11
Jakarta 10220
Indonesia
Tel:  +62 21 574-2050
Fax:  +62 21 573-3421


INDOFOOD SUKSES: H1 Profit Drops 62%
------------------------------------
Indofood Sukses, the world's largest instant noodle maker, said
in a statement Friday that it has suffered a 62-percent drop in
its net profit for the first half due mainly to foreign exchange
losses and interest burdens, reports The Jakarta Post.

The company said that despite an increase in sales to IDR8.5
trillion from IDR8.4 trillion, its first-half profit still fell
to IDR116.8 billion (US$12.9 million) from IDR308.9 billion in
the same period last year. Indofood blames the sharp drop on net
foreign exchange losses of IDR277 billion during the first
semester, against net foreign exchange gains of IDR73 billion a
year earlier.

Despite the reduction of the company's outstanding debts to
US$383 million and IDR3.7 trillion as of June 2004, from
respectively US$400 million and IDR4.1 trillion as of December
2003, the burden of interest stayed high. The firm has allocated
IDR438 billion for interest expenses in the first semester,
which is slightly below the allotment of IDR461 billion last
year.

Gross profit grew by 12 percent to IDR2.2 trillion from IDR2
trillion. Operating income, meanwhile, rose 16 percent from
IDR867.2 billion to IDR1 trillion.

Indofood is 52-percent owned by Hong Kong-based First Pacific
Co. Ltd., which is controlled by the Salim family, while the
remainder is held by the public.

CONTACT:
Gedung Ariobimo Sentral,
12th Fl., Jl. H.R. Rasuna Said X-2 Kav
Jakarta 12950, Indonesia
Phone: +62-21-522-8822
Fax: +62-021-522-6014


TELEKOMUNIKASI INDONESIA: KPPU Rules Against Telco
--------------------------------------------------
State telecommunications firm PT Telekomunikasi Indonesia
(Telkom) was found guilty on Friday by the Business Competition
Supervisory Agency (KPPU) of violating Law No. 5/1999 on
Monopolies and Unfair Competition, reveals The Jakarta Post.

According to KPPU member Tadjuddin Noersaid, it was proven that
Telkom blocked rival PT Indonesian Satellite Corporation
(Indosat) from providing in phone shops its 001 and 008
international call dial service.

The problem began when Telkom's international call service using
Voice over Internet Protocol (VoIP) technology with code 017 got
underway in 2001.

"Indosat said people started having difficulties connecting via
001 and 008 as the lines were blocked by Telkom. The Directorate
General of Posts and Telecommunications surveyed a number of
phone shops and discovered that connections to 001 or 008 were
either rerouted to 017 or frequently unsuccessful," said
Tadjuddin.

Since Telkom is the only operator with a nationwide fixed-line
network, Indosat is dependent on the former for international
call connections from non-cellular phones.

Mr. Tadjuddin added that the situation made a turn for the worse
when Telkom began establishing its own phone shops that only
provide Telkom services. "These phone shops are exempt from
setup and monthly subscription fees, which made business players
start switching to operate Telkom phone shops instead," he
elaborated.

In its ruling, the regulator cited a Ministry of Communications
decree stipulating that phone shops must provide communications
services from all operators, and directed Telkom to open all its
communication lines and revoke all its policies regarding its
phone shops.

The KPPU still has to come up with sanctions against Telkom
should the firm, which had been given 14 days to respond to the
KPPU decision, fail to comply with the ruling.

CONTACT:

P.T. TELEKOMUNIKASI INDONESIA
Jalan Japati No 1
Bandung, 40133
INDONESIA
+62 22 452 1108
+62 22 452 1408


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J A P A N
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ARASHIMA SHOTEN: Enters Bankruptcy
----------------------------------
Arashima Shoten K.K. has entered bankruptcy, according to
Teikoku Databank America. The firm, which engaged in the lumber
and bamboo wholesale trade, has total liabilities of US$50.00
million. The company is based in Koto-Ku, Tokyo 136-0082, Japan.

For more information, please click: http://www.teikoku.com/


AWAMURA MANUFACTURING: Court Grants Protection Request
------------------------------------------------------
The Osaka District Court has approved an application from
Awamura Manufacturing Company seeking protection from creditors
as the company sinks deeper into the red, reports Jiji Press.

The Osaka-based pump maker, which has total liabilities of
JPY3,480 million according to Teikoku Data Bank Limited, was
granted bankruptcy protection under the Civil Rehabilitation
Law.

The firm's sales soared in fiscal 2000 with JPY8.7 billion but
nose-dived the following year due to reduced private-sector
capital investment.

On July 9, Awamura has accepted the support of major creditor
banks for its medium-term business improvement program. However,
it suddenly had difficulty obtaining the proposed financial aid.

After placing Awamura's stocks in the liquidation post from
Sunday to September 14, the Osaka Securities Exchange plans to
delist the firm's shares from its second section on September
15.

CONTACT:

Awamura Manufacturing Company, Ltd.
Osaka-ekimae Daiichi Bldg., 1-3-1-500,
Umeda, Kita-ku, Osaka, Japan
Phone:(06) 6341-1751
Fax:(06) 6341-1761
E-mail: info@awamura.co.jp
Website: http://www.awamura.co.jp/english.html


DAIEI INCORPORATED: Remains on R&I Credit Monitor
-------------------------------------------------
Rating and Investment Information, Inc. (R&I), has downgraded
the following ratings of The Daiei Incorporated. The ratings
remain on the Rating Monitor scheme. The rating outlook is
undetermined.

ISSUER: The Daiei, Inc. (Sec. Code: 8263)
Senior Long-term Credit Rating
R&I RATING: (B); Downgraded from (B-);
Remains on the Rating Monitor scheme
Rating outlook undetermined

Long-term Bonds (1 Series)
R&I RATING: (B-); Downgraded from (B);
Remains on the Rating Monitor scheme
Rating outlook undetermined

Rationale:

On August 11, 2004, R&I downgraded its Senior Long-term Credit
Rating for The Daiei from B+ to B and downgraded the long-term
bond rating from B to B-. It is maintaining The Daiei on its
Rating Monitor scheme.

In response to the proposal by UFJ Bank, Mizuho Bank and Mitsui
Sumitomo Banking Corporation for The Daiei to make use of the
Industrial Revitalization Corporation of Japan (IRCJ), the
company has responded that it will not request assistance from
the IRCJ.

There are concerns that the smooth relationship between The
Daiei and its main banks, on which the evaluation of The Daiei's
creditworthiness has been premised thus far, is changing due to
the conflict of opinion between the company and its main banks
on the formulation of a reconstruction plan. R&I has downgraded
the company's rated bonds by one notch to reflect the recovery
risk relative to Senior Long-term Credit Rating.

R&I RATINGS:
ISSUER: The Daiei, Inc. (Sec. Code: 8263)
Senior Long-term Credit Rating: (B); Downgraded from (B+);
Remains on the Rating Monitor scheme
Rating outlook undetermined

ISSUE: Bonds Rated Issue Date Redemption Issue Amount (mln)
Unsec. Str. Bonds No. 13 Nov 21, 1996 Nov 19, 2004 Yen 10,000
R&I RATING: (B-); Downgraded from (B);
Remains on the Rating Monitor scheme
Rating outlook undetermined

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.


KOKUSAI MOTORCARS: MKS To Extend Financial Aid
----------------------------------------------
Taxi operator Kokusai Motorcars Company may receive financial
support from investment fund MKS Partners Limited, Japan Today
relates, citing industry sources.

MKS, along with Kokusai creditor UFJ bank, is poised to extend
monetary aid worth JPY100 billion to the struggling taxi service
operator.


MITSUBISHI MOTORS: Parts Makers' Reactions Could Prove Costly
-------------------------------------------------------------
Several autoparts manufacturers are gradually avoiding business
involvement with ailing Mitsubishi Motors Corporation (MMC),
reveals Asia Pulse.

The growing list of automobile parts makers which are shying
away from the scandal-hit automaker include Ikuyo Company
(TSE:7273), Asaka Corporation (TSE:7227) and Tochigi Fuji
Industrial Co. (TSE:7258).

Ikuyo, which currently banks 70 percent of its transactions on
Mitsubishi Motors, is planning to cut its dealings to 60 percent
as it temporarily halts Aichi Plant operations. Equipment and
staff from the plant, which manufactures plastic parts for MMC,
have been transferred to other factories.

Asaka, on the other hand, whose sales to Mitsubishi account for
40 percent of its total earnings, saw its sales to MMC plummet
23 percent in the fiscal year ended May 31. Because MMC's
recovery remains vague, Asaka is boosting its sales to
automakers Honda Motor Co. (TSE:7267) and Toyota Motor Corp.
(TSE:7203).

Meanwhile, Nissan-affiliated firm Tochigi Fuji, which acquired a
portion of MMC's Nagoya plant in 2001, mulls in-house production
of parts in order to avoid a decline in plant operating rate as
MMC trims down car production.

MMC has suffered a 52 percent slump in sales this year starting
July due to defect cover-up scandals.

CONTACT:

Mitsubishi Motors Corporation
2-16-4 Konan, Minato-ku
Tokyo, 108-8410, Japan
Phone: +81-3-6719-2111
Fax: +81-3-6719-0014
Website: http://www.mitsubishi-motors.co.jp


UFJ HOLDINGS: Sumitomo Trust Head Raps Merger Ruling
----------------------------------------------------
Sumitomo Trust & Banking Company president Atsushi Takahashi
criticized a recent court ruling that allows full merger
negotiations between UFJ Holdings and Mitsubishi Tokyo Financial
Group Incorporated, Japan Today reports citing Kyodo News.

Mr. Takahashi denounced the high court decision, calling it "an
excessive judicial intervention in economic activities and thus
unacceptable."

Last week, Tokyo High Court presiding judge Kazuyoshi Harada
ruled in favor of UFJ Holdings to include UFJ's trust units in
merger talks with MTFG. Judge Harada maintained that neither UFJ
nor Sumitomo Trust could continue with trust merger talks in a
sincere manner because mutual trust has already been tarnished.

CONTACT:

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


* Corporate Bankruptcies Down For 19th Straight Month
-----------------------------------------------------
Japan's corporate bankruptcies in July dropped 16.8 percent from
a year earlier to 1,151, marking the 19th straight month of
decline, Asia Pulse says.

In a monthly report by Teikoku Databank, the total liabilities
left by collapsed firms for July fell 13.6 percent year-on-year
to JPY605.3 billion (US$5.5 billion).

Improved business performances, rising domestic demand and
public financial assistance for small and medium-sized companies
have helped cut the number of corporate failures as the
country's economy recovers.


* Fitch Continues Rating Watch on Six Major Japanese Banks
----------------------------------------------------------
Fitch Ratings, the international rating agency, is maintaining
Rating Watch Evolving on the six major Japanese banks listed
below. The rating watch was first announced on 30 July 2004.

The continuation of Rating Watch Evolving reflects the
complexities related to merger/acquisition maneuvering aimed at
UFJ Holdings (UFJH) and its subsidiaries.

UFJ Bank (UFJ): Long-term 'BBB+', Short-term 'F2', Individual
'E', Support '2';

UFJ Trust Bank (UFJ Trust): Long-term 'BBB+', Short-term 'F2',
Individual 'E', Support '2';

Bank of Tokyo-Mitsubishi (BTM): Long-term 'A-', Individual
'C/D';

Mitsubishi Trust and Banking (MTBC): Long-term 'A-', Individual
'D';

Sumitomo Mitsui Banking Corp (SMBC): Long-term 'BBB+', Short-
term 'F2' Individual 'E', Support '2';

Sumitomo Trust & Banking (Sumitomo Trust): Long-term 'BBB+',
Short-term '2', Individual 'D', Support '2'

In recent developments, the Tokyo High Court earleir overturned
a lower court's injunction that prohibited UFJH from negotiating
with any parties other than Sumitomo Trust over the sale of
designated portions of UFJ Trust's operations. Sumitomo Trust
immediately announced its intention to make an appeal to the
Supreme Court. Later in the day, MTFG and UFJH announced a basic
agreement for cooperation in raising up to JPY700 billion in
additional capital for UFJH/UFJ.

Details of the recapitalization are to be worked out following
completion of due diligence with timing scheduled on or before
30 September. Media reports indicated that MTFG and UFJH hoped
to complete a basic agreement to merge the two groups within the
next few days. In a separate move, SMFG made public its merger
proposal sent to UFJH's board of directors on 6 August 2004.

Ultimately, the Rating Watch may be resolved by a ruling from
the Supreme Court and/or by various other developments, which
will determine the final structure of any merger.


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


SSANGYONG MOTOR: New Luxury Car Snags Market Lead
-------------------------------------------------
Robust sales of its New Chairman sedan has enabled auto maker
Ssangyong Motor Co. to wrest the lead in the domestic luxury car
market from much-bigger rival Hyundai Motor Co., reports the
Korea Herald.

For the January-July period, the New Chairman's sales of 8,434
units eclipsed that of Hyundai's Equus, which only sold 7,856
units, according to industry sources.

Ssangyong introduced the New Chairman, an updated version of the
Chairman sedan it launched in 1997, last September.

"The New Chairman was the fully redesigned model and its new
features quickly attracted many customers. We tried to offer
quality aftersale services to our customers and the efforts
helped the model continue on the trend of solid sales," said a
Ssangyong spokesman.

Ssangyong's creditors plan to sell the carmaker to Shanghai
Automotive Industry Corp., which was selected as a preferred
bidder last month. The acquisition is expected by the end of
October.

CONTACT:

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


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


ANSON PERDANA: Releases Amended Quarterly Report
------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Anson
Perdana Berhad released its amended unaudited quarterly report
for the financial period ended May 31, 2004.

Remark:

Item 'Other Payables' under Condensed Consolidated Balance Sheet
should read as RM ('000) 19,390 instead of RM('000) 19,290 for
Current Quarter Ended 31 May 2004. Please refer to
http://bankrupt.com/misc/tcrap_anson081604.xls.

             SUMMARY OF KEY FINANCIAL INFORMATION
                          31/05/2004



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

     31/05/2004    31/05/2003       31/05/2004   31/05/2003
     RM'000        RM'000           RM'000       RM'000

1 Revenue
     643            1,648           2,360        10,257

2  Profit/(loss) before tax
    -10,356        -74,319         -60,773      -80,977

3  Profit/(loss) after tax and minority interest
    -10,356        -74,722         -71,423      -81,122

4  Net profit/(loss) for the period
    -10,356        -74,722         -71,423      -81,122

5 Basic earnings/(loss) per shares (sen)
    -10.46         -75.48          -72.15       -81.94

6  Dividend per share (sen)
     0.00           0.00            0.00         0.00

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

7  Net tangible assets per share (RM)

               -5.2400                -4.3200
Remarks :

Item 7, Net tangible assets per share (RM), has been amended to
-4.3200 sen instead of -0.2600 sen, which was incorrectly
extracted for preceding financial year-end.

CONTACT:

Anson Perdana Berhad
12th Floor, West Block
Wisma Selangor Dredging
142-C Jalan Ampang
50450 Kuala Lumpur
Tel: 603-2626899
Fax: 603-2632088


BERJAYA SPORTS: Purchases 943,400 Ordinary Shares on Buy Back
-------------------------------------------------------------
Berjaya Sports Toto Berhad disclosed to Bursa Malaysia
Securities Berhad the details of its shares buy back on August
13, 2004.

Date of buy back: 13/08/2004

Description of shares purchased:  ordinary shares

Total number of shares purchased (units): 943,400

Minimum price paid for each share purchased (RM): 3.420

Maximum price paid for each share purchased (RM): 3.480

Total consideration paid (RM): 3,265,004.52

Number of shares purchased retained in treasury (units): 943,400

Number of shares purchased which are proposed to be cancelled
(units): 0

Cumulative net outstanding treasury shares as at to-date
(units): 50,943,400

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

Remarks:

The number of shares with voting rights in issue after the above
shares buy back is 987,209,132.

CONTACT:

Berjaya Sports Toto Berhad
179 Jalan Bukit Bintang
Kuala Lumpur 55100
Malaysia
Tel: +60 3 2935 8888
Tel: +60 3 2935 8043


CONSOLIDATED FARMS: Issues Litigation Update
--------------------------------------------
The Board of Directors of Consolidated Farms Berhad (Confarm)
announced that it had been named as defendant in Writ of Summon,
dated 21 July 2004, filed by Cargill Feed Sdn Bhd (Cargill) in
the Session Court of Kuala Lumpur and served on Confarm on 12
August 2004.

In a disclosure to the Bursa Malaysia Securities Berhad, the
suit is in respect of goods sold and delivered to Confarm.
Cargill had claimed for the amount of RM95,206.72 from Confarm,
together with interest of 8.0% per year, from 19 July 2004 until
full resolution, costs and any other relief to be granted by the
Court.

The Company had appointed lawyers to defend the suit. The
Company will seek the indulgence of the plaintiff for an
abeyance in the proceedings pending the review by the Board of
Directors of Confarm to ascertain its financial position before
deciding the way forward for the Confarm Group.

CONTACT:

Consolidated Farms Berhad
24-1 Jalan 24/70A,
Desa Sri Hartamas,
50480 Kuala Lumpur
Telephone: 03-23001199
Fax: 03-23002299

This announcement is dated 13 August 2004.


CONSOLIDATED FARMS: Releases Practice Note No. 1/2001 Update
------------------------------------------------------------
Further to the monthly status announcement under Practice Note
No. 1/2001 on 6 August 2004, the Board of Consolidated Farms
Berhad announced that the Confarm Group is unable to pay the
additional principal and/or interest in respect of its credit
facilities as set out in Table 1 at
http://bankrupt.com/misc/tcrap_consolidatedfarms081604.doc.

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

This Bursa Malaysia announcement is dated 13 August 2004.


FABER GROUP: Unveils Bondholder's Meeting Results
-------------------------------------------------
Further to our announcement on 22 July 2004 on meeting of
holders of all series of zero coupon redeemable convertible
secured bonds due 2003 (The Bonholders' Meeting), for
information purposes, Faber Group Berhad (FGB) are pleased to
inform that the resolution proposed at the Bondholders' Meeting
held on 13 August 2004, was approved and carried.

CONTACT:

Faber Group Berhad
Jalan Desa Bahagia
Taman Desa Off Jalan Klang Lama, Kuala Lumpur 58100
Malaysia
Tel: +60 3 7628 2888
Tel: +60 3 7628 2828

This announcement is dated 13 August 2004.


GADANG HOLDINGS: Grants Listing of 77,000 New Ordinary Shares
-------------------------------------------------------------
Kindly be advised that Gadang Holdings Berhad's additional
77,000 new ordinary shares of RM1.00 each issued as follows:

(i) 75,000 new ordinary shares arising from the conversion of
RM75,000 nominal value of 2% 2003/2008 irredeemable convertible
unsecured loan stocks into 75,000 New Ordinary Shares
(Conversion)

(ii) 2,000 new ordinary shares issued pursuant to the employees'
share option Scheme will be granted listing and quotation with
effect from 9.00 a.m., Tuesday, 17 August 2004.

CONTACT:

Gadang Holdings Berhad
52, Jalan Tago 2
off Jalan Persiaran Utama
Sri Damansara
52200 Kuala Lumpur, WP
Malaysia
Tel no: 603-6356888
Fax no: 603-6365560


HO WAH: Director Discloses Closed Period Dealing
------------------------------------------------
Ho Wah Genting Berhad (HWGB) wishes to inform the Bursa Malaysia
Securities Berhad that its Executive Director, Mr. Lim Ooi Hong
had notified the Company of his intention to purchase
approximately 6,000,000 ordinary shares of HWGB during the
Company's closed period from 2 August 2004 to 31 August 2004.

Mr. Lim Ooi Hong currently holds 174,000 ordinary shares in the
Company.

CONTACT:

Ho Wah Genting International
371 Beach Rd., Ste. 16-09 Keypoi
Singapore, 199597 Singapore


MBF HOLDINGS: Releases Litigation Update
----------------------------------------
Reference is made to the announcement on 8 July 2004 pertaining
to the Kuala Lumpur High Court Civil Suit No. D2-22-556-2003 -
Industrial and Commercial Bank of China (Asia) Limited vs MBf
Holdings Berhad. MBf Holdings Berhad announced that on 12 August
2004, the Plaintiff's summary judgment application has been
adjourned for delivery of judgment/clarification on 15 September
2004.

Yours faithfully,
For and on behalf of
MBf Holdings Berhad

Ding Lien Bing
Company Secretary

CONTACT:

MBF Holdings Berhad
No 9 Jalan PJS 8/9
Petaling Jaya, Selangor Darul Ehsan 46150
MALAYSIA
Tel: +60 7861 2100
Tel: s+60 7861 2200

This Bursa Malaysia announcement is dated 13 August 2004


MBF HOLDINGS: Releases Unaudited Quarterly Report
-------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, MBF
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
         291,313      248,582      543,358        463,197

2  Profit/(loss)
before tax
        -13,054       918,653     -7,549          984,124

3  Profit/(loss)
after tax and
minority interest
        -19,116       909,857      -22,810        968,528

4  Net profit/(loss)
for the period
        -19,116        909,857     -22,810       968,528

5  Basic earnings/
(loss) per shares
(sen)   -3.49          505.09        -4.16        537.66

6  Dividend per
share (sen)  0.00        0.00         0.00          0.00

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

7  Net tangible
assets per share (RM)  0.1561        0.2322

For a full copy of the report, go to
http://bankrupt.com/misc/tcrap_mbf081604.xls


MTD CAPITAL: Issues Notice of Shares Buy Back
---------------------------------------------
MTD Capital disclosed to Bursa Malaysia Securities Berhad the
details of its shares buy back on August 13, 2004.

Date of buy back: 13/08/2004

Description of shares purchased:  Ordinary shares of RM1/- each

Total number of shares purchased (units): 100,000

Minimum price paid for each share purchased (RM): 2.760

Maximum price paid for each share purchased (RM): 2.780

Total consideration paid (RM): 277,110.00

Number of shares purchased retained in treasury (units): 100,000

Number of shares purchased which are proposed to be cancelled
(units): 0

Cumulative net outstanding treasury shares as at to-date
(units): 1,703,500

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

CONTACT:

MTD Capital Berhad
Batu 8 Jalan Batu Caves
Batu Caves, Selangor Darul Ehsan 68100
Malaysia
Tel: +60 3 6189 9022
Tel: +60 3 6187 7898


PAN MALAYSIA: Discloses Dealings in Shares Within Closed-Period
---------------------------------------------------------------
Pursuant to Paragraph 14.08(a) of Bursa Malaysia Securities
Listing Requirements, Tan Sri Dato' Dr. Khoo Kay Peng, a
Director and Chief Executive of Malayan United Industries Berhad
(MUIB) wishes to inform Bursa Securities that MUI Continental
Insurance Berhad, a subsidiary company of MUIB in which Tan Sri
Dato' Dr Khoo Kay Peng is a Director, intends to deal in the
shares of Pan Malaysia Corporation Berhad (PMC) during the
current closed period pending the announcement by PMC of its
second quarterly results ended 30 June 2004.

As at 13 August 2004, Tan Sri Dato' Dr Khoo Kay Peng has deemed
interests of 420,364,500 shares representing 51.68% of the
current issued and paid-up share capital of PMC.

CONTACT:

Pan Malaysia Corporation Berhad
Jalan P Ramlee
Kuala Lumpur, 50250
Malaysia
Tel: +60 3 2141 1891
Tel: +60 3 2144 4755


SITT TATT: AGM Set for September 8
----------------------------------
Sitt Tatt Berhad's 24th Annual General Meeting (AGM) will be
held on Wednesday, 8 September 2004 at Suite 5.2, 5th Floor,
Wisma Chase Perdana, Off Jalan Semantan, Damansara Heights,
50490 Kuala Lumpur at 9.30 a.m.

For further details of the said meeting, go to
http://bankrupt.com/misc/tcrap_sitt081404.doc


SITT TATT: Answers Bursa Securities Query
-----------------------------------------
Sitt Tatt Berhad refers to the verbal query from the Bursa
Malaysia Securities Berhad (Bursa Securities) on 12 August 2004
pertaining to the Company's announcement on 11 August 2004 in
respect of the status of the Proposed Rights Issue.

The Company wishes to inform the Bursa Securities that the
Proposed Rights Issue was approved by the Securities Commission
(SC) vide its letter dated 12 May 2004. The SC had, also vide
the said letter dated 12 May 2004, approved the Company's
extension of time to complete the Proposed Rights Issue within
six (6) months from the date of the SC's approval letter. Please
refer to the announcement dated 17 May 2004 for further
information.

The Proposed Rights Issue is subject to approvals being obtained
from:

(i) The shareholders of Sitt Tatt Berhad at an extraordinary
general meeting to be convened; and

(ii) The Bursa Securities, for quotation of the new ordinary
shares of RM1.00 each to be issued pursuant to the Proposed
Rights Issue.

This announcement is dated 12 August 2004.

Query Letter content:

The Bursa Securities Malaysia Berhad refer to Sitt Tatt Berhad's
announcements dated 28 and 29 July 2004 in respect of the
proposed rights Issue Of Up To A Maximum Of 44,284,213 New
Ordinary Shares Of RM1.00 Each In Sitt Tatt Berhad (STB) On The
Basis Of 1 Rights Share For Every 2 Existing Shares Held Save
For The Non-Entitled Shares Held By MISL & Associates Sdn Bhd,
Tan Sri Datuk Dr Mohan Swami, JP And Dato' Pang Wee Pat, JP At
An Issue Price Of RM1.00 Per Rights Share.

In this connection, please furnish the Exchange with the
following additional information for public release:

1. The reason for the termination of the SPA

2. Whether a new adviser has been appointed for the Proposed
Rights Issue in place of MIMB.

3. The status of the Proposed Rights Issue.

4. The status of the acquisition of 62,562,500 ordinary shares
of RM1.00 each and 34,127,700 irredeemable convertible
preference shares of RM1.00 each in Sitt Tatt Berhad by TSDDMS
and DPWP.

Please furnish the Exchange with your reply within two (2)
market days from the date hereof.

Yours faithfully
LISA LAM
Senior Manager
Listing Operations
LL/KLL


TANJONG PUBLIC: Issues Change in Share Registrar
------------------------------------------------
Tanjong Public Limited Company disclosed to Bursa Malaysia
Securities Berhad the details of the changes of its shares
registrar.

Date Announced: 13/08/2004

Old registrar: Signet Share Registration Services Sdn Bhd
(Signet)

New registrar: Symphony Share Registrars Sdn Bhd (formerly known
as Malaysian Share Registration Services Sdn Bhd) (Symphony)

Address: Level 26, Menara Multi-Purpose, Capital Square, No. 8
Jalan Munshi Abdullah, 50100 Kuala Lumpur

Telephone No: 03-2721 2222

Facsimile No: 03-2721 2530/31

Effective date: 13/08/2004

Remarks: The Company was notified by Signet of its merger with
Symphony and that it would conduct its business under Symphony
following the merger. The Company has entered into a Deed of
Novation with Signet and Symphony on 13 August 2004 pursuant to
and as a result of which: -

(1) Signet shall novate to Symphony and Symphony shall accept
the novation of all Signet's rights and obligations to the
Contract dated 21 June 1991 between Signet and Tanjong;

(2) Symphony will substitute Signet to perform the share
registration and other related services as the Branch Share
Registrars of Tanjong in Malaysia; and

(3) Signet shall cease to be the Branch Share Registrars of
Tanjong in Malaysia.

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


UNISEM BERHAD: Setting Up Semiconductor Facility in China
---------------------------------------------------------
Unisem (M) Berhad (Unisem) had on 12 August 2004 reached an
agreement-in-principle with the Management Committee of Chengdu
Hi-tech Zone for Unisem to set up a semiconductor manufacturing
facility to carry out packaging and testing of semiconductor
devices, marketing and provision of related services in the
Chengdu Export and Processing West Zone, Sichuan, the People's
Republic of China.

A wholly owned subsidiary will be incorporated in China to
facilitate this investment.

This Bursa Malaysia announcement is dated 13th August 2004.

CONTACT:

Unisem (M) Berhad
No.1 Persiaran Pulai Jaya 9,
Kawasan Perindustrian Pulai Jaya,
31300 Ipoh, Perak
Malaysia
Tel no: 605-3572800
Fax no: 605-3572600


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


ATLAS CONSOLIDATED: Mining Operations May Reopen This Year
----------------------------------------------------------
Atlas Consolidated Mining and Development Corporation (ACDMC),
which ceased its Cebu copper mining operations in 1994, has
entered an agreement with Toledo Copper Corporation PLC that
might bring back mining operations either late this year or
first half of next year, Sun Star reports.

Toledo Copper has agreed to invest US$28 million in exchange for
a 40-percent interest in ACMDC's copper mine.

Both parties have just finished a feasibility study, which
determined the current situation of the ACDMC and if it could
still function. Raw quotations, including those of imported
equipment, were used. The study will be shown to potential
investors.

Rehabilitation, however, will not cover all of ACMDC's mining
facilities. It will only be at the Carmen underground. There
will be no more open pit mining.

BUSINESS PROFILES:

ATLAS CONSOLIDATED MINING AND DEVELOPMENT

Atlas Consolidated Mining and Development Corporation was
established through the merger of assets and equities of three
Soriano-controlled pre-war mines, the Masbate Consolidated
Mining Company, IXL Mining Company and the Antamok Goldfields
Mining Company.

Atlas is engaged in mineral and metallic mining and exploration
that primarily produces copper concentrates and gold with silver
and pyrites as major by-products. Its subsidiary, ACMDC
Ventures, Inc. (AVI) is 79%-owned and is engaged in construction
and engineering works.

The Company's copper mining operations, which started commercial
operations in 1955, are centered in Toledo City, Cebu, where two
open pit mines, two underground mines and milling complexes
(concentrators) are located.

The Cebu copper mine ceased operations in 1994. Activities after
the shutdown have been limited to safeguarding and maintaining
the property, plant and equipment at the mine site. The Masbate
gold mine, meanwhile, was sold to Base Metal Minerals Resources
Corporation in 1996.

TOLEDO COPPER CORPORATION PLC

Incorporated in February 2004, Toledo Copper Corporation Plc
achieved a listing on he AIM of the London Stock exchange in
April of the same year.

The Company is a newly established U.K. based international
mining development and investment firm. The main focus of the
company's business will primarily be developing copper deposits,
however it may also consider developing other metal deposits.

CONTACTS:

Atlas Consolidated Mining & Development Corporation
7/F, Quad Alpha Centrum
125 Pioneer St., Mandaluyong City
Tel. No/s:  635-2387/4495
Fax No/s:  633-3759; 634-2312
E-mail Address:  acmdcmla@info.com.ph
Auditor:  SyCip, Gorres, Velayo & Company
Transfer Agent:  Stock Transfer Service, Inc.

Toledo Copper Corporation PLC
Chris Kyriakou
Chairman
Tel: 0870 010 6044


MANILA ELECTRIC: Rejects MRT 3, LRTA Bid For 15% Discount
---------------------------------------------------------
Manila Electric Co. (Meralco) has rejected the requests by the
Metro Rail Transit (MRT) 3 and the Light Railway Transit
Authority (LRTA) for a 15-percent discount on their electricity
bills, the Philippine Star reports.

The power distributor cited its tight financial bind for denying
the MRT 3 and LRTA proposal. Meralco is also trimming its
operational expenses while it is still implementing a Php30
billion-refund program for its customers.

The two railway systems are having difficulties maintaining
existing transport fare due to rising electricity costs, which
account for 30 percent of their operational costs.

As a result, MRT 3 and LRTA are expected to raise their fares by
about Php10 this month. The fare hike is required to recover
their huge operating costs and monthly subsidies.

CONTACT:

Manila Electric Co.
Lopez Building
Ortigas Avenue, Pasig City
Telephone Numbers: 16220 (TL); 633-4553 (Corp. Sec.)
Fax Number: 631-5572
Email Address: corcom@meralco.com.ph
Website: http://www.meralco.com.ph


NATIONAL POWER: P1.3T in Debts Account for 20% of Govt Debts
------------------------------------------------------------
National Power Corporation (NPC)'s total obligations, which
stood at PHP1.317 trillion as of 2003, account for about a fifth
of the government's borrowings, the Malaya Newspaper reported on
Monday.

The national government relent Php228 billion to NPC last year.
The government had to borrow for Napocor when international
lenders decided not to lend to the company and to save on higher
charges.

For 2004, NPC's foreign borrowing requirement stood at US$1.5
billion, of which only a third had been successfully raised.

The inter-agency Development Budget Coordination Committee
(DBCC) had decided that the national government would assume
Php500 billion worth of debts of NPC by next year. Noting the
anticipated augmentation of national government expenditures due
to debt servicing of the huge NPC debts, Philippine President
Gloria Macapagal Arroyo called for an annual Php80 billion in
incremental revenues from tax measures.

CONTACT:

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


NATIONAL STEEL: SEC Stops Iligan City From Bidding Out Assets
-------------------------------------------------------------
The Philippine Securities and Exchange Commission (SEC) has
granted the motion of National Steel Corporation (NSC)
liquidator Danilo Concepcion to prevent the Bureau of Internal
Revenue (BIR) and the Iligan City government from going after
the assets of the debt-troubled firm, Business World reports.

"When a company is under liquidation, no claimant of the
corporation, including the government, may pursue the remedy for
collection or enforce any lien, independent of or outside the
liquidation proceedings before the Commission. Thus the SEC
Rules on Corporate Recovery provides that every disposition of
any property for the purpose of liquidating it shall be with
prior approval of the commission," the SEC said.

It said the claims the tax bureau and the local government have
against National Steel must be coursed through the commission-
appointed liquidator, lawyer Danilo L. Concepcion.

The SEC added that the BIR should refund any funds it had seized
in connection with NSC's tax obligations prior to the issuance
of the SEC orders.


NEGROS NAVIGATION: Seeking Php20M in Damages for Sea Collision
--------------------------------------------------------------
Negros Navigation Co. (Nenaco) has filed a PhP20-million suit
against the operator of MV Sea Celebrity, which collided with
its passenger ship MV Saint Joseph the Worker (SWJ) at the
Manila North Harbor on August 12, Business World reports.

"The PhP20 million for damages and opportunity losses is just an
initial amount. Nenaco have not assessed the actual damage
cost," said Gian Galvez, Nenaco head for corporate
communications.

The passenger vessel also obtained a temporary restraining order
(TRO) from a Manila regional trial court to prevent MV Sea
Celebrity from sailing.

Nenaco said that despite repeated warnings to MV Sea Celebrity,
a foreign-owned cargo ship, the vessel slammed its passenger
ship SJW, which was on its way to Bacolod.

An initial assessment revealed minor damages to SJW's left hull,
above water level. None of the passengers on board were hurt
during the incident.

CONTACT:

Negros Navigation Company, Inc.
Pier II, North Harbor
Tondo, Manila
Tel. No:  245-5588
Fax No:  245-0780 (Telefax)
E-mail Address: nnwebmaster@surfshop.net.ph
URL: http://www.nenaco.com.ph
Auditor:  Joaquin Cunanan & Company
Transfer Agent:  Stock Transfer Service, Inc


PHILIPPINE BANK: NPAs Sale Attract 12 Investors
-----------------------------------------------
The plan of Philippine Bank of Communications (PBCom) to sell an
estimated Php10 billion worth of non-performing assets (NPAs) is
attracting at least 12 investor groups as the bank prepares for
the auction within the next few months, according to the
Philippine Star.

The bank divided its assets for sale into two tranches, allowing
prospective bidders some allowance for cherry picking instead of
lumping all the assets in one giant portfolio.

This sale of its non-performing loans (NPLs) and NPAs is part of
the agreement between the bank and the Philippine Deposit
Insurance Co. (PDIC), which funded its Php6 billion bailout.

PBCom has already prepaid some Php3 billion worth of loans from
the Bangko Sentral ng Pilipinas (BSP) as the bank bounced back
in 2003.

According to the BSP, PBCom has been slowly paying back the
loans, which are not scheduled to mature until December 2004.

According to a previous TCR-AP report, fourteen local and
foreign investors led by Bank of America (BA), Deutsche Bank,
Ayala Corp. and Robinsons Land Corp. have signified interest in
acquiring the PHP12.5 billion worth of bad assets held by PBCom.

CONTACT:

Philippine Bank of Communications
PBCom Tower, 6795 Ayala Ave. Cor. Herrera St., 1226 Makati City
Tel. No:  830-7000 (TL)
Fax No:  818-2576 (Telefax)
E-mail Address: info@pbcom.com.ph
URL: http://www.pbcom.com.ph
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Securities Transfer Services, Inc.


PILIPINO TELEPHONE: Clarifies "Debt Swap Deal With Smart" Report
----------------------------------------------------------------
The Pilipino Telephone Corporation (PLTL) refers to the news
article entitled "BSP allows Smart to assume US$200 Million
Piltel loans," published in the August 16, 2004 issue of The
Philippine Star (Internet Edition).

In a disclosure to the Philippine Stock Exchange, the article
reported that "(t)he Bangko Sentral ng Pilipinas (BSP) has
finally allowed Smart Telecommunications, Inc. to assume some
US$200 million worth of loans of Pilipino Telecomms (Piltel).
The BSP's Monetary Board allowed the transaction that
resuscitated the Piltel's non-performing loans and converted
them into obligations of the much wealthier Smart Telecoms. BSP
deputy governor Alberto Reyes said the approval by the MB was
good for banks since the Piltel loans would no longer be booked
as nonperforming loans.

`They're active loans now and new promissory notes will be
issued,' Reyes explained. `This would also free up the
provisioning that Piltel's creditors had to set aside to cover
the risks of these NPLs.' Reyes declined to disclose which banks
constituted Piltel's former creditors but he said majority of
the banks were foreign overseas banking units of large foreign
banks and foreign currency deposit units (FCDUs).

The Monetary Board also agreed to exempt Piltel's creditors from
their overbought limit to allow the swap and gave banks the
option of booking the swap under their foreign currency deposit
units (FCDUs). Piltel's two biggest creditors sought the
exemption, the Bank of the Philippine Islands and Land Bank of
the Philippines. The banks asked the BSP to exempt the
transaction that would swap their Piltel debt into a
10-year Smart debt or 12-year low-yield, sovereign-backed
bonds."

Pilipino Telephone Corporation ("PLTL"), in its letter to the
Exchange dated August 16, 2004, advised the Exchange that:

"On June 9, 2004, Smart Communications, Inc. (`Smart') received
from the Monetary Board of the Bangko Sentral ng Pilipinas an
approval-in-principle of Smart's proposed US$100-300 million
unsecured medium and long-term debt facilities to be exchanged
for certain restructured debt of the Pilipino Telephone
Corporation (`Piltel') subject to various terms and conditions
contained in the letter."

For your information
JURISITA M. QUINTOS
Senior Vice President - Operations Group

For a copy of the press release, go to
http://bankrupt.com/misc/tcrap_pilipinotelephone081604.pdf

CONTACT:

Pilipino Telephone Corporation
25/F, Smart Tower
6799 Ayala Ave., Makati City
Tel. No:  511-6121/6241
Fax No:  817-3345
E-mail Address: dntan@smart.com.ph
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Stock Transfer Service, Inc.


RFM CORPORATION: Returns to Profit in Second Quarter
----------------------------------------------------
RFM Corporation registered a net profit of PHP15 million in the
three months to June versus a net loss of PHP65 million a year
earlier, Dow Jones reports.

The Company posted an operating income of PHP73 million in the
second quarter, compared with an operating loss of PHP32 million
a year earlier. In the six months to June, RFM's sales improved
11 percent on year to PHP2.7 billion.

The company expects to break even this year following a net loss
of PHP572 million in 2003.

CONTACT:

RFM Corporation
6/F, RFM Building
Cor. Pioneer & Sheridan Sts.
Mandaluyong City
Tel. No/s:  637-5400; 631-8101 loc. 7679
Fax No/s:  632-0839
E-mail Address:  empalomares@rfm.com.ph
Auditor:  SyCip, Gorres, Velayo & Company
Transfer Agent:  Securities Transfer Services, Inc.


VITARICH CORPORATION: Narrows First Half Net Loss to PHP70Mln
-------------------------------------------------------------
Vitarich Corporation posted a net loss of PHP70.1 million in the
first half, versus a net loss of PHP351.2 million in the same
period last year, ABS-CBN News reports.

In a report to the Securities and Exchange Commission, the
poultry and feeds firm said revenues fell 9 percent during the
first six months to PHP2.1 billion from PHPP2.2 billion during
the same period a year ago. Consolidated sales also declined 9
percent to PHP1.1 billion from PHPP1.2 billion. The decrease was
largely due to the sudden drop in poultry volume as a result of
a deliberate move of the company to reduce its poultry business,
Vitarich said.

The Company booked a net loss of PHP471.9 million in 2003,
compared to a net loss of PHP783.14 million a year earlier, as
the domestic market was adversely affected by cheap chicken
imports.

Vitarich Chairman Rogelio M. Sarmiento noted that the company's
principal debt remains at PHP3 billion, but it has already paid
PHP1.2 billion in interest in the past years.

Creditors granted a three-year payment reprieve on Vitarich's
payment on its PHP3 billion in principal debt.

CONTACT:

Vitarich Corporation
Abangan Sur, MacArthur Highway
Marilao, Bulacan
Tel. No:  843-3033; (044) 711-2829
Fax No:  843-0297; (044) 711-1519
E-mail Address: info@vitarich.com
URL: http://www.vitarich.com
Auditor: Punongbayan & Araullo
Transfer Agent: Union Bank of the Philippines


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


DYNASTY THEATRE: Winding Up Order Made
--------------------------------------
In the Matter of Dynasty Theatre Nite-Club Ktv & Lounge
Pte Ltd., a Winding up Order was made on the 30th day of July
2004.

Name and address of Liquidator: Koh Hui Chang
H. C. Koh & Co
190 Middle Road
#14-02 Fortune Centre
Singapore 188979.

Messrs Lee & Lee
Solicitors for the Petitioner.


FOOD SYNERGY: Court Issues Winding Up Order
-------------------------------------------
In the Matter of Food Synergy Pte Ltd (formerly known as
Granwelt Travel Service Pte Ltd), a Winding Up order was made on
the 23rd day of July 2004.

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

Central Chambers Law Corporation
Solicitors for the Petitioner.


INFORMATICS HOLDINGS: Reports SGD26.3M Net Loss for Q1 FY2005
-------------------------------------------------------------
Mainboard-listed Informatics Holdings Ltd (Informatics), a
global leader in providing quality lifelong learning services,
has announced its first quarter FY2005 results ended 30 June
2004.

The Group registered a net loss of SGD26.3 million for the
quarter, on the back of a 52% decline in operating revenue from
SGD41.4 million to SGD19.9 million. The net loss includes an
impairment loss in investments in associates amounting to SGD2.6
million, provision for doubtful debts of SGD3.4 million and
exceptional items of SGD11.0 million comprising SGD2.0 million
in professional fees incurred to address the misstatement of
quarterly results in FY2004 and SGD9 million in impairment loss
and provision for guarantees provided in relation to an
educational investment in the United States. The net profit was
SGD3.3 million in the previous corresponding quarter.

Said Dr Michael Teng, Informatics' Chief Executive Officer: "The
business environment has been extremely challenging for the
Group, particularly in Singapore and Malaysia. The results are
very disappointing and we have implemented a restructuring
programme to stem the losses, improve our performance and
eventually stay above water."

Restructuring Plan

The Company has identified the problem areas as well as
`opportunities' within the Group and has started its
restructuring programme to improve and strengthen its business.

Specifically, the Group's operations in Singapore and Malaysia
have embarked on the restructuring programme to align the
organisations with the new competitive landscape.

The Company has recently appointed two senior executives, Mr
Michael Lee as the Vice President of Singapore Domestic
Operations, and Dr Derrick Kon as the Executive Director of
PurpleTrain.com.

Mr Lee will focus on steering the Singapore operations back onto
the right growth track. He brings with him more than 20 years of
experience in various organisations and MNCs, including senior
positions at Intraco Limited, Intraco Foods (S) Pte Ltd,
Teledata (S) Pte Ltd and Hutchison Intrapage. He holds an MBA
(Finance) from the National University of Singapore and an MBA
(Strategic Marketing) from the University of Hull, UK.

The new head of PurpleTrain.com, Dr Kon, would provide more
focus for the unit to take e-Learning to new heights, as this is
a potential growth segment for the Group. Dr Kon holds a
Doctorate in Business Administration from Victoria University,
an MBA from the RMIT University and a MSc in Computing from the
University of Essex. He has over 10 years of experience,
including senior positions at various organizations and MNCs
such as C2C Asia Pacific, a subsidiary of Singapore
Telecommunications, PINNZ Networks and Nortel Networks.

The Company has strengthened its Board with seven new Directors,
now under the leadership of its new Chairman, Tan Sri Vincent
Tan from Berjaya Group. Working closely with Berjaya Group, the
Company will explore further opportunities to grow and expand
its business in Malaysia.

A good growth avenue would be to focus on penetrating new
markets. The Group will actively explore opportunities to expand
and grow its overseas presence in China, Latin America, Japan,
Africa and Middle East.

"The restructuring efforts currently in progress would enable
the Company to operate more effectively. In the short term, the
business conditions will remain very challenging. We are
optimistic in the medium and long term as the fundamentals of
the Company are sound. With the commitment and support of our
new shareholders, Berjaya Group and Chip Lian Investments,
Informatics is well positioned to expand its business in the
region, particularly in China and Malaysia," added Dr Teng.

CONTACT:

Informatics Holdings Ltd.
Informatics Bldg., 5 International Business Park
609914 Singapore
Phone: +65-65600003
Fax: +65-66653605
Website: http://www.informaticsgroup.com


KLW HOLDINGS: H1 Net Sinks Into The Red
---------------------------------------
KLW Holdings Limited, manufacturer of doors, wood-based
floorings and distributor of home furnishing and lifestyle
products, posted its performance for the first half with the
Singapore Stock Exchange.

The company reported a net loss of SGD4.89 million as opposed to
the previous years' net profit of SGD790,000.

The company expects to perform better in the next half of the
year.

To view the whole report, click on:
http://bankrupt.com/misc/TCRAP_KLWHOLDINGS081604.pdf


STARTECH ELECTRONICS: Narrows 1H Loss to SGD2.4M
------------------------------------------------
Startech Electronics Ltd sharply reduced losses for the first
six months of the current financial year due to actions taken by
the management to restructure the group, which involved
restructuring its EMS operations in China.

Turnover, as a result, fell 70 percent to SGD2.52 million from
SGD8.4 million in the previous corresponding period due mainly
to disruption of the EMS operations.

Together with the inclusion of other expenses amounting to
SGD2.8 million, the bulk of which is attributed to a write-off
of Startech Manufacturing (Dongguan) Ltd's fixed assets,
Startech reported a net loss of SGD2.4 million, a sharp
improvement from the net loss of SGD17 million in the previous
corresponding period.

Loss per share on a weighted basis amounted to 2.26 cents
compared with 17.36 cents previously.

During the period under review, Management was devoted to
completing the restructuring of the Group which commenced at end
October 2003.

As a result, to-date, the restructuring exercise has been
substantially completed through the following activities:

(1) Reached an agreement with MayBank and DBS Bank to
restructure outstanding loans;

(2) Completion of a Rights Issue in June 2004 where S$9.4
million gross amount was received;

(3) Reached an agreement to acquire Delteq Pte Ltd, Claymore
Technology Group Pte Ltd and Beijing C&S Technology Development
Co. Ltd in July 2004 which will transform the Group's core
activity into Transaction Relationship Management;

(4) Joint venture with Hivac Technology Ltd in July 2004 to
position the Group's investment strategy into key manufacturing
technology in emerging markets; and

(5) Restructuring of SMPL operations and corporate re-alignment
of Hitech/Chemitec Pte Ltd and Switech Pte Ltd.

"With the completion of the restructuring exercise, Startech is
now totally focused on strengthening its core business and
developing new businesses in the Transactions Relationship
Management (TRM) industry. We hope to achieve some positive
results by the end of the year." said Mr Lim Tai Toon, Managing
Director of Startech.

This announcement was submitted by by Lim Tai Toon, Managing
Director on August 13, 2004 to the Singapore Stock Exchange.

To view the complete financial report, please click on:
http://bankrupt.com/misc/TCRAP_STARTECHELECTRONICS081404.pdf


TECK LEONG: Releases Dividend Notice
------------------------------------
Teck Leong Hardware Pte Ltd has issued a Notice of Intended
Dividend.

Address of registered office: c/o Goh Ngiap Suan & Co
336 Smith Street
#06-308 New Bridge Centre
Singapore 050336.

Amount per centum: 100% for unsecured creditors.

First and Final: First and final return to unsecured creditors.

When payable: 13th August 2004.

Where payable: 336 Smith Street
#06-308 New Bridge Centre
Singapore 050336.

Goh Ngiap Suan
Liquidator.


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


ABICO HOLDINGS: SET Suspends Securities Trading
-----------------------------------------------
ABICO Holdings PCL (ABICO) publicly submitted to the Stock
Exchange of Thailand (SET) its second quarterly reviewed
financial statements ending June 30, 2004.

Since the auditor was unable to reach any conclusion on the
captioned financial statements, this could be considered that
ABICO's financial statements do not reflect its actual business
performance.  Hence, the Securities and Exchange Commission
(SEC) will require the amendment to the financial statements.

As a result, the SET has posted an SP sign for suspended trading
on ABICO's securities effective from the first trading of August
16, 2004 to enable shareholders and general investors to have
sufficient time to scrutinize the auditors' reports relating to
the results in financial statements including the companies'
clarification.

The SET will post NP sign effective from the first trading of
August 17, 2004 until such time as the company will submit the
amended financial statements or it is concluded that such an
amendment is not necessary. However, the SET has still suspended
trading all securities of ABICO until the causes of de-listing
are eliminated.

CONTACT:

ABICO HOLDINGS PCL
ABICO TOWER, FLOOR 5, 401/1 MOO 8,
PHAHOLYOTHIN ROAD LAM LUK KA Pathum Thani
Telephone: 0-2992-5858 (14 Lines)
Fax: 0-2992-5878-9
Website: www.abicogroup.com


ABICO HOLDINGS: Releases Reviewed 2Q and Consolidated FS
--------------------------------------------------------
ABICO Holdings PCL disclosed to the Stock Exchange of Thailand
its reviewed quarterly financial statements.

ABICO HOLDINGS PCL

Reviewed Ending  June 30 (In thousands)

Quarter 2               For 6 Months
Year                2004        2003          2004        2003

Net profit (loss)   (493)     (5,981)      (28,390)   (140,000)

EPS (baht)       (0.004)      (0.04)        (0.20)      (1.00)

Type of report: Unable to reach any conclusion with an emphasis
of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

Kitti Vilaivarangkul
Abico Holding Public Co., Ltd.
Authorized to sign on behalf of the company

To view full copy on Notes of Financial Statement, click
http://bankrupt.com/misc/ABICOHOLDINGSNOTESTOFS081604.doc

To view full copy of Auditor's Report, click
http://bankrupt.com/misc/ABICOHOLDINGSAUDITORSREPORT081604.doc

To view full copy of Balance Sheet, click
http://bankrupt.com/misc/ABICOHOLDINGSBALANCESHEET081604.xls


ADVANCE PAINT: Clarifies Decrease in Revenue and Net Profit
-----------------------------------------------------------
Advance Paint & Chemical (Thailand) PCL disclosed to the Stock
Exchange of Thailand (SET) a clarification to the 20 percent
decrease in Revenue and Net profit (loss) of the company for the
period ended June 30, 2004.

The Company would like to inform the SET that its revenue and
net profit (loss) decreased by more than 20 percent compared to
the same period in 2003.

Comparing the company's normal operation of the period ended
June 30, 2004, it incurred a revenue of THB7.00 million and a
net loss of THB9.30 million (including allowance for doubtful
accounts of THB4.60 million) to those of the same period for the
year 2003, the decrease in the company's revenue of THB16.82
million and the profit of THB1.43 million by 58.36 percent and
748.83 percent respectively, are due to:

(1) Company's customers change the painting system and
specification to other brands and make the Company's sales
volume in industrial paint drop.

(2) Cost of goods sold by the Company is higher than that of the
competitor so the company cannot provide more discounts to
customer compared to other brands.

(3) Higher selling and marketing expenses increased because of
building sales force and giving marketing promotion as incentive
to customers.

CONTACT:

ADVANCE PAINT & CHEMICAL (THAILAND) PCL
344 MOO 2, BANG PA-IN INDUSTRIAL ESTATE,
BANG PA-IN Ayutthya
Telephone: 0-3522-1140, 0-2541-5374-8
Fax: 0-3526-1871


EASTERN WIRE: Issues Reviewed 2Q and Consolidated FS
----------------------------------------------------
Eastern Wire PCL issued to the Stock Exchange of Thailand its
reviewed quarterly financial statements.

Eastern Wire PCL
Reviewed Ending June 30 (In thousands)

                        Quarter 2               For 6 Months
Year                 2004       2003        2004        2003

Net profit (loss)   50,932       2,515       116,008       1,429

EPS (baht)           1.82        0.09          4.15        0.05

Type of report: Qualified Opinion with an emphasis of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

To view full copy of the Financial Statement, click
http://bankrupt.com/misc/EASTERNWIREFS081604.rtf

To view full copy of Auditor's report, click
http://bankrupt.com/misc/EASTERNWIRENOTETOINTERIM081604.rtf

To view full copy of the Balance Sheet, click
http://bankrupt.com/misc/EASTERNWIREEXCEL081604.xls

CONTACT:

EASTERN WIRE PCL
RASA TOWER, ROOM 1201-1203,
555 PHAHOLYOTHIN ROAD,
CHATU CHAK Bangkok
Telephone: 0-2937-0058-66
Fax: 0-2937-0067


EASTERN WIRE: Releases Performance Results
------------------------------------------
Eastern Wire PCL disclosed to the Stock Exchange of Thailand
(SET) its performance for the second quarter of 2004.

Eastern Wire Public Co., Ltd.'s performance for the second
quarter of year 2004 showed a net profit of THB50.93 million, an
increase from THB48.42 million compared with the performance of
the same period last year, which had net profit of THB2.52
million, or up 1,925.13 percent.

Main factors that affected the Company's performance are:

(1) The total sales revenue rose by THB57.89 million from
THB129.93 million in the second quarter of year 2003 to
THB187.83 million in the same period of this year or a 44.55
percent increase.

(2) The company's Cost of goods sold increased by THB35.97
million from THB117.72 million in the second quarter of last
year to THB153.69 million in this year or a 30.56 percent rise.
The increase of Cost of goods sold was mainly the consequence of
increase in sales volume.

(3) Selling and administrative expenses grew by only THB3.043
million from THB10.42 million in the second quarter of year 2003
to THB13.47 million in the same period of year 2004.  In 2004,
THB1.36 million was recorded as the company's loss for
impairment of unused machinery.  The rest of the additional
increase was due to the increase of sales volume.

(4) The Company incurred a net profit of THB50.93 million.  Of
which THB21.43 million was from operational performance and
THB29.51 million was the profit from its subsidiary's Debt
Restructuring.

Please be informed accordingly
Best regards,
(Mr. Pirom  Priyawat)
Managing Director


PAE THAILAND: Unveils Performance for 2Q 2004
---------------------------------------------
PAE Thailand PCL (PAE) issued to the Stock Exchange of Thailand
(SET) its performance for the second quarter of 2004.

The company incurred a THB2,991.36 million net gain for the
second quarter compared to THB36.56 million in the same period
of 2003, due to:

(1) Revenue from sales and construction works in the second
quarter of 2004 is THB34.33 million which has increased by
173.71 percent or THB21.79 million.

(2) In the second quarter of 2004 cost of sales and construction
work was THB28.24 million which represents 82.26 percent of
revenue from sales and construction.  Cost of sales and
construction in the second quarter of 2003 was THB19.46 million
or represents 155.12 percent of revenue from sales and
construction.

(3) The selling and administration expenses in the second
quarter of 2004 were THB18.35 million or an increase by 100.77
percent from the same period of last year.  Interest expenses
were still high with an amount of THB114.75 million or a
decrease by 99.91 percent.

(4) Current assets increased current liabilities by THB36.34
million because of the achievement of debt restructuring plan.
The Company has completed the major steps as stipulated in the
restructuring plan with relation to the increased share capital,
repaid parts of its debts and also received the redemption of
the rest; therefore, the Company recorded gain from debt
restructuring amounting to THB3,004.86 million by presenting as
extraordinary item in the income statement.

On 28 April 2004, the Central Bankruptcy Court ordered the
cancellation of the restructuring of PAE (Thailand) Company
Limited because of the achievement of the debt restructuring
plan.

Yours faithfully
PAE (THAILAND) PUBLIC CO., LTD
Kobsak Chinawongwatana
Managing Director

CONTACT:

PAE (THAILAND) PCL
69 SINAKHARIN ROAD, SUAN LUANG, Bangkok
Telephone: 0-2322-0222
Fax: 0-2322-2970-1
Website: www.pae.co.th


PAE THAILAND: Issues Reviewed Quarter-2 and Consolidated FS
-----------------------------------------------------------
In a disclosure to the Stock Exchange of Thailand (SET), PAE
(Thailand) PCL released its quarterly financial statements.

PAE (THAILAND) PCL
Reviewed Ending June 30 (In thousands)

                      Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)   1,125    (26,594)     2,991,357    (36,562)

EPS (baht)          0.03     (33.24)         91.03     (45.70)

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

To view full copy of Financial Statement, click
http://bankrupt.com/misc/PAETHAILANDFS081604.xls

To view full copy of the Notes to Interim FS, click
http://bankrupt.com/misc/PAETHAILANDNOTESTOINTERIMFS081604.doc

To view full copy of Auditor's report, click
http://bankrupt.com/misc/PAETHAILAND081604.doc


SAHAMITR PRESSURE: Issues Reviewed 2Q FS
----------------------------------------
In a disclosure to the Stock Exchange of Thailand (SET),
Sahamitr Pressure Container PCL reported its reviewed quarterly
financial statements.

Sahamitr Pressure Container PCL
Reviewed Ending June 30 (In thousands)

Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)    8,841    (18,239)        16,499     (6,125)

EPS (baht)          0.37      (0.76)          0.69      (0.26)

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.
"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

To view full copy of the Auditor's Report, click
http://bankrupt.com/misc/SAHAMITRAUDITORSREPORT081604.rtf

To view full copy of the Balance Sheet, click
http://bankrupt.com/misc/SAHAMITRPRESSUREBALANCESHEET081604.rtf

To view full copy of Notes to FS, click
http://bankrupt.com/misc/sahamitrnotestofs081604.rtf

CONTACT:

SAHAMITR PRESSURE CONTAINER PUBLIC COMPANY LIMITED
72/9 MOO 7, RAMA II ROAD,
SAMAEDAM, BANG KHUN THAIN Bangkok
Telephone: 0-2895-4139-58, 0-2416-5568-9
Fax: 0-2416-5534, 0-2895-4163
Website: www.smpcplc.com


SRITHAI FOOD: Issues Changes In 2Q 2004 Auditors
------------------------------------------------
In a disclosure to the Stock Exchange of Thailand (SET), the
Board of Directors of Srithai Food & Beverage PCL approved
during its meeting the appointment of Mr. Somchai Kurujitkosol
and/or Mr. Ampol Chamnongwat from S.K. accountant services
company, as the auditor for the second quarter of 2004 for an
Audit Fee of THB100,000.

Sincerely yours,
(Mr. Anan Jantaranukul)
Managing Director

CONTACT:

SRITHAI FOOD & BEVERAGE PUBLIC COMPANY LIMITED
69 MOO 4 WATKINGKAEW ROAD,
RAJADHEWA, BANG PLEE, Samut Prakarn
Telephone: 0-2312-4281-4, 0-2312-4289-300
Fax: 0-2312-4285
Website: www.srithaifood.thailand.com


THAI WAH: Releases Reviewed 2Q and Consolidated Financials
----------------------------------------------------------
In a disclosure to the Stock Exchange of Thailand, Thai Wah PCL
reported its reviewed quarterly financial statements.

Thai Wah PCL
Reviewed Ending June 30 (In thousands)

                         Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)  (57,794)     325,681        30,748
437,067

EPS (baht)        (0.77)        6.20          0.41        8.32

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

To view full copy of the Financial Statement, click
http://bankrupt.com/misc/THAIWAHFS081604.xls

To view full copy of the Auditor's Report, click
http://bankrupt.com/misc/THAIWAHINTERIMFS081604.rtf

To view full copy of the notes to FS, click
http://bankrupt.com/misc/THAIWAHNOTESTOFS081604.rtf

CONTACT:

THAI WAH PUBLIC COMPANY LIMITED
THAI WAH TOWER, FLOOR 21-22, 21/63-66
SOUTH SATHON ROAD, SATHON Bangkok
Telephone: 0-2285-0040, 0-2285-0241-56
Fax: 0-2285-0269-70
Website: www.thaiwah.com


TPI POLENE: Releases Reviewed 2Q and Consolidated Statements
------------------------------------------------------------
TPI Polene PCL in a disclosure to the Stock Exchange of Thailand
reported its reviewed quarterly financial statements.

TPI Polene pcl
Reviewed Ending June 30 (In thousands)

                         Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)    490,288   1,142,986     2,826,823
1,460,869

EPS (baht)           0.62        2.37          3.75        2.97

Type of report: Qualified Opinion with an emphasis of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

(Mr.Prachai Leophairatana)
Position Chief Executive Officer
Authorized to sign on behalf of the company

To view full copy of the Auditor's report, click
http://bankrupt.com/misc/TPIPOLENEAUDITORSREPORT081604.doc

To view full copy of the Notes to Interim FS, click
http://bankrupt.com/misc/TPIPOLENENOTESTOINTERIMFS081604.doc

To view full copy of Statement of Cash Flows, click
http://bankrupt.com/misc/TPIPOLENENOTESTOINTERIMFS081604.doc

CONTACT:

TPI POLENE PUBLIC COMPANY LIMITED
26/56 NEW JUN ROAD,
THUNGMAHAMEK, SATHON Bangkok
Telephone: 0-2678-5100, 0-2678-5000
Fax: 0-2678-5001-5
Website: www.tpipolene.com


TPI POLENE: Unveils Operating Performance for 2Q 2004
-----------------------------------------------------
TPI Polene PCL reports to the Stock Exchange of Thailand the
operating result of the financial statements of the Company for
the second quarter ended June 30, 2004, reviewed by the
statutory auditors of the Company as.

Total consolidated net profit in Q2/2004 was THB490 million
compared to net profit of THB1,143 million in the same period of
the previous year, a decrease of 57.13 percent. Total net profit
comprised of operating profit of THB710 million, an increase of
45.19 percent from operating profit of THB489 million in
Q2/2003, gain on debt restructuring of THB538 million and loss
on foreign exchange of THB759 million.

For the first six-month period of the year 2004, TPIPL and its
subsidiaries reported net profit of THB2,827 million or earning
per share of THB3.75 compared  to net profit of THB1,461 million
or earning per share of THB2.97 in the same period of the
previous year, an increase of 93.50 percent.  For the first six-
month period of the year 2004, the Company had operating profit
of THB2,013 million compared to operating profit of THB857
million in the same period of the previous year, an increase of
134.89 percent.

As at June 30, 2004, deficit on retained earning of the Company
and its subsidiaries reduced to THB2,446 million from THB19,654
million as at December 31, 2003, or a decrease by 87.55 percent.
As of June 30, 2004, the book value per share was THB43.99.

Please be informed accordingly
Best regards,
Mr. Prachai Leophairatana
Chief Executive Officer



* BOND PRICING: For the Week 16 August to 20 August 2004
--------------------------------------------------------

  Issuer                            Coupon   Maturity  Price
  ------                            ------   --------  -----


AUSTRALIA
---------

Advantage Group                      10.000%     4/15/06    1
Amcom Telecommunications Ltd         10.000%    10/28/07    2
Amity Oil Ltd.                       10.000%    10/31/13    2
APN News & Media Ltd                  7.250%    10/31/08    5
Austrim National Radiation Ltd.       9.500%    10/31/04   49
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.250%    10/15/04   10
BIL Finance Ltd                       8.750%    10/15/04   10
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.000%    10/15/04   10
BIL Finance Ltd                       9.250%    10/15/06    9
BIL Finance Ltd                      10.000%    10/15/04   10
Capital Properties NZ Ltd             8.500%     4/15/05    8
Capital Properties NZ Ltd             8.500%     4/15/07    8
Capital Properties NZ Ltd             8.500%     4/15/09    9
Citigold Corp.                       12.000%     3/29/07    1
Consolidated Minerals Ltd            11.250%     3/31/05    1
Djerriwarrh Investments Ltd           6.500%     9/30/09    4
Djerriwarrh Investments Ltd           7.500%     9/30/04    4
Evans & Tate Ltd                      8.250%    10/29/07    1
Fletcher Building Ltd                 7.800%     3/15/09    8
Fletcher Building Ltd                 7.900%    10/31/06    8
Fletcher Building Ltd                 8.300%    10/31/06    8
Fletcher Building Ltd                 8.600%     3/15/08    8
Fletcher Building Ltd                 8.750%     3/15/06    8
Fletcher Building Ltd                 8.850%     3/15/10    8
Fletcher Building Ltd                10.500%     4/30/05    8
Fernz Corp Ltd                        8.560%    10/15/06    8
Futuris Corporation Ltd               7.000%    12/31/07    2
Gympie Gold Ltd                       8.500%     9/30/07    1
Hy-Fi Securities Ltd                  7.000%     8/15/08    8
Hy-Fi Securities Ltd                  8.750%     8/15/08   12
Hutchison Telecoms Australia          5.500%     7/12/07    1
Infrastructure and Utility            8.500%     9/15/13    9
Minerals Corporation                 11.500%     9/30 04    1
New South Wales Treasury Corporation  0.500%     2/16/10   74
NPT Capital Ltd                       9.500%    11/30/04    9
Nuplex Industries Ltd                 9.300%     9/15/07    8
Powerco Ltd                           8.150%      9/1/07    8
Powerco Ltd                           8.400%     5/22/07    8
Queensland Treasury Corporation       0.500%     5/19/10   74
Richmond Ltd                         10.750%    12/15/04   10
Salomon Smith Barney Australia        4.250%      2/1/09    9
Sapphire Securities                   7.410%     9/20/35    7
Sapphire Securities                   9.160%     9/20/35    9
Sapphire Securities                   9.250%    12/20/06    9
Sydney Gas Company                   12.000%     4/1/06     1
Sky Network Television Ltd            9.300%    10/29/49    8
Strathfield Group                    11.000%    12/31/05    1
Structural Systems Ltd               11.000%     6/30/07    1
Tower Finance Ltd                     8.650%    10/15/09    9
Tower Finance Ltd                     8.750%    10/15/07    9
TrustPower Ltd                        8.300%     9/15/07    8
TrustPower Ltd                        8.500%     9/15/12    8
Urbus Properties Ltd                  9.250%     3/10/07    1
Vision Systems Ltd                    9.000%    12/15/08    2


CHINA
-----

China Government Bond                  2.600%    9/20/17    75
China Government Bond                  2.900%    5/24/32    63


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   60


MALAYSIA
--------

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


SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
Rabobank Singapore                     1.000%      1/15/13   73
Sengkang Mall                          4.880%     11/20/12    1
Tampines Assets Ltd                    5.625%      12/7/06    1
Tampines Assets Ltd                    6.000%      12/7/06    1
Tincel Ltd                             5.000%      6/13/11    1
Tincel Ltd                             7.400%      6/13/11    1


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



                            *********


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

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

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

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

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

                 *** End of Transmission ***