TCRAP_Public/040915.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

             Wednesday, September 15, 2004, Vol. 7, No. 183

                            Headlines

A U S T R A L I A

AUSTRALIAN MEDICAL: Issues Notice of Final Meeting
BAYHAVEN PTY: Final Meeting Slated for September 20
BISHOP SIMMONDS: Sets September 20 as Date of Final Meeting
CENTRECON PTY: To Hold Meeting on September 22
COLES MYER: Takes Stand On Rebel Investor

DUDLEY E: Issues Notice of Final Meeting
EXTREME VISIONS: Final Meeting Slated for September 20
FANARO PTY: Issues Notice of Final Meeting
GOODMARK AUSTRALIA: To Hold Final Meeting on September 20
HARKAWAY HOLDINGS: Sets September 22 as Date of Final Meeting

HINCREST PTY: Final Meeting Slated for September 22
KLEX PTY: Sets September 20 as Date of Final Meeting
MALPAT HOLDINGS: General Meeting Scheduled September 23
NATIONAL AUSTRALIA: Faces Another US$70M Expenditure
OBAN PTY: Member and Creditors Meeting Slated for September 20

ONE.TEL LIMITED: Needed AU$377M to Survive
P&T WALTERS: Schedules Final Meeting on September 20
WARWICK BENNET: Sets Final Meeting on September 20


C H I N A  &  H O N G  K O N G

CHINA CONSTRUCTION: Mulls Debt Bond Issue
HANTANG SECURITIES: PICC Owns Sizeable Shares
NEW GAGNEUR: Members and Creditors Meeting Set October 12
JETHUGE LIMITED: Winding Up Hearing Set on October 13
STANDARD WELL: Enters Winding Up Proceedings

WA LEE: Creditors Meeting Slated for September 24
WEICHENG INTERNATIONAL: Court Hears Winding Up Petition
* Banking Sector Tackles Top Concerns
* Brokerages Struggle to Survive


I N D O N E S I A

BANK PERMATA: Receives Bomb Threat Over the Phone
PERTAMINA: Buys 1.8 Million Barrels of Sweet Crude


J A P A N

HITACHI LIMITED: Unveils World's First 3-D Cardiac Technology
KIMURAYA K.K.: Files for Court Protection
MITSUBISHI MOTORS: Hires New North Central Regional Director
RESONA BANK: R&I Assigns BBB-, Sub-debt SB No.1
SOJITZ HOLDINGS: To Start Production at Minerva Mine Next Year

SOJITZ HOLDINGS: Launches Commissioning At Philippine Project
TOKAI CORPORATION: JCR Affirms BB/BB- on Sr. Debts/Bonds
UFJ HOLDINGS: MTFG To Speed Up Tie-up Plan


K O R E A

KOOKMIN BANK: Extraordinary Meeting Slated for October 29
KOOKMIN BANK: Reveals Statement Regarding FSC's Allegations
KOREA LINE: SK Locals Fear a Second Hostile Takeover


M A L A Y S I A

ANCOM BERHAD: Releases Shares Buy Back Notice
BUKIT KATIL: Unveils Amended Quarterly Report
CEPATWAWASAN GROUP: Presents August 2004 Production Figures
FIAMMA HOLDINGS: Unit Faces Winding Up Petition
GOLDEN FRONTIER: Purchases 7,000 Ordinary Shares on Buy Back

METROPLEX BERHAD: Releases Default Status Update
MMC CORPORATION: Dissolves Japanese Unit
MTD CAPITAL: Purchases 90,000 Ordinary Shares on Buy Back
MYCOM BERHAD: Seeks Renewal of Shareholder's Mandate
PAN PACIFIC: Issues Default Status Notice

PANTAI HOLDINGS: Releases Shares Buy Back Notice
POS MALAYSIA: Grants Listing of 407,000 Ordinary Shares
RNC CORPORATION: Issues Material Litigation Update
TALAM CORPORATION: Issues Additional 79,091 Ordinary Shares
TIMBERWELL BERHAD: Unveils September 13 AGM Resolutions


P H I L I P P I N E S

FIRST SAVINGS: Depositors Submit Applications for Claims
LMG CHEMICALS: Clarifies "Chemical Plant Closure" Report
MAYNILAD WATER: Liquidation May Leave Shareholders Empty-handed
MAYNILAD WATER: Rate Hike Looms
NATIONAL STEEL: Sale to Indian Firm on Hold


S I N G A P O R E

CUTTING HOUSE: Posts Dividend Notice
KIM HUAT: Releases First and Final Dividend Notice
T JETHANAND: First and Final Dividend Notice Issued
WEE POH: Net Loss Widens to US$19.1Mln
WEE POH: Releases Full Year Financial Results


T H A I L A N D

BANGKOK STEEL: Releases Audited Quarterly FS
NFC FERTILIZER: Completes Business Reorganization
SRITHAI FOOD: Seeks Another Extension for Submission of FS
THAI PETROCHEMICAL: Investor Optimism Leads to Share Price Surge
THAI PETROCHEMICAL: To Hold Second Round of Voting October 12

     -  -  -  -  -  -  -  -

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


AUSTRALIAN MEDICAL: Issues Notice of Final Meeting
--------------------------------------------------
Pursuant to Section 509(1) of the Corporations Law, a final
meeting of members of Australian Medical Imaging Pty Ltd (In
Liquidation) will be held in the Meeting Room, Members
Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham on 20
September 2004 at 9:30 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


BAYHAVEN PTY: Final Meeting Slated for September 20
---------------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of Bayhaven Pty
Limited (In Liquidation) will be held in the Meeting Room,
Members Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham
on 20 September 2004 at 9:45 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


BISHOP SIMMONDS: Sets September 20 as Date of Final Meeting
-----------------------------------------------------------
Pursuant to Section 509(1) of the Corporations Law, a final
meeting of members of Bishop Simmonds Pty Limited (In
Liquidation) will be held in the Meeting Room, Members
Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham on 20
September 2004 at 10:00 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


CENTRECON PTY: To Hold Meeting on September 22
----------------------------------------------
Notice is hereby given pursuant to Section 509(2) of the
Corporations Act 2001 that the final meeting of members of
Centrecon Pty Limited (In Voluntary Liquidation) will be held at
the offices of Transfield Holdings Pty Limited, Level 5, 8
Windmill Street, Walsh Bay NSW 2000 on the 22nd of September
2004 at 2:00 p.m., for the purpose of laying before the meeting
the Liquidator's final account and report and giving any
explanation thereof.

Dated this 17th day of August 2004

Robert Thomas Mcgill
Liquidator
Transfield
8 Windmill Street, Walsh Bay NSW 2000


COLES MYER: Takes Stand On Rebel Investor
-----------------------------------------
Chairman Rick Allert of embattled Coles Myer Limited (CML) has
told disgruntled shareholder and former director Solomon Lew
that he should exit the share register if he dislikes the way
the company is being run, reports Dow Jones, citing the
Australian Financial Review.

Mr. Lew has been cynical of how Coles Myer is managed after he
was voted off the company's board in 2000, even though the value
of his indirect 5.7% stake has risen by AU$213 million.

Following Lew's departure, Coles Myer's shares surged 48 percent
since November 2002.

Mr. Allert found Lew's position "bemusing," saying there is
little for Lew to be unhappy about.

"If Sol is disappointed, why doesn't he sell his shares," he
added.

CONTACT:

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


DUDLEY E: Issues Notice of Final Meeting
----------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of Dudley E King
Pty Ltd (In Liquidation) will be held in the Meeting Room,
Members Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham
on 20 September 2004 at 10:15 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


EXTREME VISIONS: Final Meeting Slated for September 20
------------------------------------------------------
Pursuant to Section 509(1) of the Corporations Law, a final
meeting of members of Extreme Visions Pty Ltd (In Liquidation)
will be held in the Meeting Room, Members Voluntarys Pty Ltd 1st
Floor, 10 Park Road, Cheltenham on 20 September 2004 at 11:00
a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


FANARO PTY: Issues Notice of Final Meeting
------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of Fanaro Pty Ltd
(In Liquidation) will be held in the Meeting Room, Members
Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham on 20
September 2004 at 11:45 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


GOODMARK AUSTRALIA: To Hold Final Meeting on September 20
---------------------------------------------------------
Notice is hereby given that the final meeting of Members and
Creditors of Goodmark Australia Pty Limited (In Liquidation)
will be held at the office of Ferrier Hodgson, Chartered
Accountants, Level 1, 121-123 Crown Street, Wollongong, New
South Wales on 20 September 2004 at 11:00 a.m.

The purpose of the meeting is to:

(i) Consider the Liquidator's account of his acts and dealings
and the conduct of the winding up; and

(ii) To consider any other matter properly brought before the
meeting.

Dated this 5th day of August 2004

Daniel I. Cvitanovic
Liquidator
Ferrier Hodgson
Chartered Accountants
Level 1, 121-123 Crown Street,
Wollongong NSW 2500


HARKAWAY HOLDINGS: Sets September 22 as Date of Final Meeting
-------------------------------------------------------------
Notice is hereby given pursuant to Section 509(2) of the
Corporations Act 2001 that the final meeting of members of
Harkaway Holdings Pty Limited (In Liquidation) will be held at
the offices of Transfield Holdings Pty Limited, Level 5, 8
Windmill Street, Walsh Bay NSW 2000 on the 22nd of September
2004 at 2:00 p.m., for the purpose of laying before the meeting
the Liquidator's final account and report and giving any
explanation thereof.

Dated this 17th day of August 2004

Robert Thomas Mcgill
Liquidator
Transfield
8 Windmill Street, Walsh Bay NSW 2000


HINCREST PTY: Final Meeting Slated for September 22
---------------------------------------------------
Pursuant to Section 509(2) of the Corporations Act 2001 that the
final meeting of members of Hincrest Pty Limited (In Voluntary
Liquidation) will be held at the offices of Transfield Holdings
Pty Limited, Level 5, 8 Windmill Street, Walsh Bay NSW 2000 on
the 22nd September 2004 at 2:00 p.m., for the purpose of laying
before the meeting the Liquidator's final account and report and
giving any explanation thereof.

Dated this 17th day of August 2004

Robert Thomas Mcgill
Liquidator
Transfield
8 Windmill Street,
Walsh Bay NSW 2000


KLEX PTY: Sets September 20 as Date of Final Meeting
----------------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of Klex Pty Ltd (In
Liquidation) will be held in the Meeting Room, Members
Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham on 20
September 2004 at 11:30 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


MALPAT HOLDINGS: General Meeting Scheduled September 23
-------------------------------------------------------
Notice is hereby given pursuant to Section 509 of the
Corporations Act that a general meeting of the members of Malpat
Holdings Pty Limited (In Voluntary Liquidation) will be held at
the offices of Worrells, Solvency & Forensic Accountants, Level
5 15 Queen Street, Melbourne Vic 3000, on 23 September 2004 at
11:00 a.m. for the purpose of having an account laid before them
showing the manner in which the winding up has been conducted
and how the property of the company has been disposed of and
hearing any explanations that may be given by the Liquidator.

Dated this 6th day of August 2004

Paul Burness
Liquidator
Worrells
Solvency and Forensic Accountants
Web site: www.worrells.net.au


NATIONAL AUSTRALIA: Faces Another US$70M Expenditure
----------------------------------------------------
Amid the new management's struggle to control spending, the
National Australia Bank (NAB) is facing another AU$100 million
(US$70 million) cost on key compliance projects, The Australian
Financial Review says.

The bank spent AU$175 million on a global regulatory standard
known as Basel 2, which aims to ensure banks adequately monitor
their risks.

NAB, likewise, received an AU$120 million bill to carry out new
international financial reporting standards that requires banks
to revise how they record various items, including hedging, bad
debt provisioning and pension surpluses.

Following its profit-warning announcement last month, NAB's
market capitalization plummeted more than AU$5 billion (US$3.5
billion) compounded by a trading scandal earlier that year that
cost the bank AU$360 million.

CONTACT:

National Australia Bank Limited
Fl. 24, 500 Bourke St.
Melbourne, 3000, Australia
Phone: +61-3-8641-4200
Fax: +61-3-8641-4927
Web site: http://www.national.com.au


OBAN PTY: Member and Creditors Meeting Slated for September 20
--------------------------------------------------------------
Pursuant to Section 509(1) of the Corporations Law, a final
meeting of members of Oban Pty Limited (In Liquidation) will be
held in the Meeting Room, Members Voluntarys Pty Ltd 1st Floor,
10 Park Road, Cheltenham on 20 September 2004 at 10:30 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


ONE.TEL LIMITED: Needed AU$377M to Survive
------------------------------------------
The NSW Supreme Court was told on September 13 that One.Tel
Limited would have needed AU$377 million if it were to survive
its cash crisis in May 2001, reports The Australian.

The Australian Securities and Investments Commission has
presented an affidavit to the court, stating that the previous
estimate of AU$347 million had not included the cash deficit for
the firm's European operations.

The figure exceeds an estimate made by accountancy firm Ernst &
Young, which said in a report tabled at the firm's final board
meeting on May 29, 2001, that One.Tel needed between AU$240
million and AU$320 million.

Paul Carter, a PricewaterhousewaterCoopers forensic accountant,
swore the affidavit, which says AU$30 million was owed to
creditors in France and the Netherlands but had not been
included in his earlier calculations presented last week.

ASIC hired Mr. Carter to prepare a report into One.Tel's
financial needs following its May 2001 downfall.

CONTACT:

One.tel Limited
9 Castlereagh Street
Sydney, Nsw 2000
Australia
Phone: +61 2 97778111
       +61 2 97778199


P&T WALTERS: Schedules Final Meeting on September 20
----------------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of P&T Walters Pty
Ltd (In Liquidation) will be held in the Meeting Room, Members
Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham on 20
September 2004 at 11:15 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


WARWICK BENNET: Sets Final Meeting on September 20
--------------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Law, a final meeting of members of Warwick Bennet
Pty Ltd (In Liquidation) will be held in the Meeting Room,
Members Voluntarys Pty Ltd 1st Floor, 10 Park Road, Cheltenham
on 20 September 2004 at 10:45 a.m.

The purpose of the meeting is to lay accounts before it showing
the manner in which the winding up has been conducted and how
the property of the company has been disposed of and of hearing
any explanation that may be given by the Liquidator.

Dated this 10th day of August 2004

RICHARD JUDSON
Liquidator
Members Voluntarys Pty Ltd
1st Floor, 10 Park Road, Cheltenham 3192


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


CHINA CONSTRUCTION: Mulls Debt Bond Issue
-----------------------------------------
China Construction Bank plans to issue subordinated bonds worth
around CNY10 billion (US$1.2 billion) on Friday, reports Xinhua
News Agency.

In its second sale of debt, the bank opted to offer CNY8 billion
(US$963 million) in 10-year bonds, and has reserved an option to
increase that to CNY10 billion (US$1.2 billion), depending on
investor demand.

The proceeds will be used to renew its capital base before an
intended initial public offering.

In July, China Construction conducted its first subordinated
bond issue of CNY15 billion (US$1.8 billion).

"According to industry experts, issuance of subordinated debt is
an effective measure for banks to increase their capital
adequacy level."

The People's Bank of China and China Banking Regulatory
Commission granted approval for China Construction Bank to issue
no more than CNY40 billion (US$4.8 billion) of such bonds.

After issuing all the bonds, the bank's capital adequacy level
will reach more than 8 per cent.

Bank President Zhang Enzhao is optimistic the bank would
establish a modern share-holding commercial bank that would make
it a competitive heavyweight in the global financial market.
Along this line, the bank is looking to increase its capital
strength, optimize its capital structure and to diversify
ownership, while steering in foreign investors.

CONTACT:

China Construction Bank
25 Finance St.
Beijing, 100032, China
Phone: +86-10-6759-7114
Fax: +86-10-6360-3194
http://www.ccb.com.cn


HANTANG SECURITIES: PICC Owns Sizeable Shares
---------------------------------------------
PICC Property and Casualty told the South China Morning Post
that it has substantial government-bond and cash holdings with
embattled Hantang Securities.

Mainland insures PICC disclosed in an announcement that it owns
government bonds worth CNY356.5 million and a CNY56.85 million
worth of cash in its account with the Hantang.

The China Securities Regulatory Commission (CSRC) placed the
Shenzen-based brokerage firm under the operational control of
state-owned financial restructuring group China Cinda Asset
Management on September 3, due to "gross irregularities".

"At this stage, it remains unclear how much of PICC's bond
holdings and cash can be recovered, or when."

PICC on their part have taken steps to recover the bonds and
cash from Hantang Securities, who has briefly suspended
compensation of proceeds from securities trading to its
institutional customers.

Cinda confirmed it will spend the subsequent six months
reorganizing the brokerage and dealing with its creditor claims,
as payments have been frozen except for used to settle stock
purchases.

Hantang recorded a CNY1 billion loss from fruitless investments.
At least one company has openly accused the brokerage for
illegal use of CNY50 million worth of paid treasury bonds as
collateral.

CSRC officials are still deciding whether to grant a final
operating license to a joint venture led by First State
Investment - a unit of Commonwealth Bank of Australia - and
Hantang Securities.


NEW GAGNEUR: Members and Creditors Meeting Set October 12
---------------------------------------------------------
Notice is hereby given that the meetings of the members of New
Gagneur Limited (In voluntary liquidation) will be held at
26/Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong
on the 12th day of October 2004 at 10:30 a.m.

It will be followed by a meeting of the creditors of the company
to be held at the same place at 11:00 a.m., for the purpose of
receiving an account during the year ended 14 July 2004 to be
laid before them by the liquidators, showing the manner in which
the winding-up of the company has been conducted, and how the
property of the company has been disposed of, and of hearing any
explanation that may be given by the liquidators.

A member or creditor entitled to attend voting at the above
meeting may appoint proxy to attend and vote instead on his
behalf. A proxy need not be a member or creditor of the company.

Forms of proxies for both meetings must be lodged at 26/Floor,
Wing One Centre, 111 Connaught Road Central, Hong Kong not later
than 4:00 p.m. on the day before the meetings.

Lai Kar Yan (Derek)
Darach E. Haughey
Joint and Several Liquidators

This notice is dated September 10, 2004.


JETHUGE LIMITED: Winding Up Hearing Set on October 13
-----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Jethuge Limited by the High Court of Hong Kong Special
Administrative Region was, on the 31st day of August 2004,
presented to the said Court by Bank of China (Hong Kong) Limited
(the successor banking corporation to Kincheng Banking
Corporation pursuant to Bank of China (Hong Kong) Limited
(Merger) Ordinance (Cap.1167) whose registered office is
situated at 14th Floor, Bank of China Tower, 1 Garden Road, Hong
Kong.

The said Petition will be heard before the Court at 10:00 am on
the 13th day of October 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.

Or, Ng & Chan
Solicitors for the Petitioner
15/F., The Bank of East Asia Building
10 Des Voeux 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 12th day of
October 2004.

This notice is dated September 10, 2004.


STANDARD WELL: Enters Winding Up Proceedings
--------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Standard Well Development Limited by the High Court of Hong Kong
Special Administrative Region was, on the 2nd day of September
2004, presented to the said Court by Egeria Investment Limited,
Camleigh Investment Limited, Millap Limited, Evercot Enterprise
Company Limited and Shung King Development Company Limited,
whose registered offices are all situated at 72nd-76th Floors,
Two International Finance Centre, 8 Finance Street, Central,
Hong Kong.

The said Petition will be heard before the Court at 10:00 am on
the 6th day of October 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.

Ng, Lie, Lai & Chan
Solicitors for the Petitioner
13/Fl., Golden Centre
188 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 5th day of
October 2004.

This notice is dated September 10, 2004.


WA LEE: Creditors Meeting Slated for September 24
-------------------------------------------------
Notice is hereby given, pursuant to Section 241 of the Companies
Ordinance, that a meeting of the creditors of the Wa Lee Finance
Company Limited will be held at 3:00 p.m. on the 24th of
September 2004 at 26th Floor, Wing On Centre, 111 Connaught Road
Central, Hong Kong in order to appoint a Liquidator and to
consider further matters relevant to the creditors' voluntary
winding-up of the above named Company pursuant to Sections 241,
242, 243, 244 and 245A of the Companies Ordinance.

Creditors may vote either in person or by proxy. Proxies used at
the meeting must be lodged at Rm. 26th Floor, Wing On Centre,
111 Connaught Road Central, Hong Kong not later than 4:00 p.m.
on the day before the time appointed for the holding of the
meeting.

By Order of The Board Of
Wa Lee Finance Company Limited
Chong Mei Lin
Director

This notice is dated September 10, 2004.


WEICHENG INTERNATIONAL: Court Hears Winding Up Petition
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Weicheng International Incorporation Limited, by the High Court
of Hong Kong Special Administrative Region was, on the 17th day
of August 2004, presented to the said Court by Umbrella Finance
Company Limited whose registered office is located at 15th
Floor, Three Exchange Square, 8 Connaught Place, Central, Hong
Kong.

The said Petition will be heard before the Court at 9:30 am on
the 22nd 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.

Clifford Chance
Solicitors for the Petitioner
29th Floor, Jardine House
One Connaught Place
Central, Hong Kong

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

This notice is dated September 10, 2004.


* Banking Sector Tackles Top Concerns
-------------------------------------
Li Wei, Vice-Chairman of China Banking Regulatory Commission,
disclosed the top four dilemmas facing China's banking sector at
the Chinese Business Summit 2004 on Monday, relates Xinhua News
Agency.

Li said the banking sector relies heavily on bank loans, which
comes with high risk, adding that 83 percent of bank loans
consisted of the current year's investment, while non-performing
ratio reached a high of 14.65 percent.

Major banks, on the other hand, lack efficient management while
its board of directors was not fully utilized.

Focus was made on long-term loan to large cities and
enterprises, neglecting short-term loans to small and medium
sized firms and small countries and villages.

However, reforms are now being carried out to address the
problems. China is establishing a new banking system, merging
state-owned banks with other bank forms.

At the end of August, the total assets of various banks in China
reached CNY2.97 billion (US$357.8 million), making up 90 percent
of capital of all financial sectors in China.

Meanwhile, more than 62 foreign financial sectors and groups
from 19 countries have established 199 financial branches in 21
cities. Some 152 foreign banks from 38 countries and regions
have set up 216 offices in 22 cities.


*Brokerages Struggle to Survive
-------------------------------
Inefficient brokerage firms with little or no idea of accounting
may not last long, according to The Standard. Nearly all 129 of
China's brokerage are in deep trouble, weighed down by huge
positions taken on their accounts, shares that were consistently
mired since the mid-2000s and the lack of credible alternative
asset options.

With the entrance of US investment firm Goldman Sachs into the
mainland, it is expected that the troubles of domestic firms
will increase, as Goldman has demonstrated how domestic
brokerages are run.

It is thought Haitong Securities, China's largest brokerage,
will have its mainland securities houses reduced to 50 within
the coming years.

Local firms are now worried as more international companies,
such as Merrill Lynch and JP Morgan, are itching to invest in
the mainland.

China's securities houses are controlled by a combination of
local authorities and powerful regional firms who despise the
idea of a takeover. They even resist clear-cut mergers, such as
Shenzhen's Citic Securities', one of China's few profitable
brokerages, bid to buy about 30 per cent of Guangzhou's Guangfa
(GF) Securities for CNY1 billion, wherein a GF employee group
did a surprise buyout bid.

Goldman Sachs faces tough times, as the US bank has to settle in
and start from scratch.


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


BANK PERMATA: Receives Bomb Threat Over the Phone
-------------------------------------------------
A phoned-in bomb threat caused panic among employees of PT Bank
Permata's Bandung branch on Friday morning, reports Asia
Intelligence Wire.

Ms. Dini, the bank's telephone operator, received the call at
around 10:45 a.m. from an unidentified man who said, "Hello Bank
Permata, there is a bomb in your building."

Upon notification of the incident, the Indonesian police
immediately sent a bomb disposal squad, which searched the
entire building for two hours but found nothing.

A huge crowd came to see what was going on for fear of
recurrence of Thursday's bomb blast in Jakarta.

Meanwhile, potential investors are determined to acquire a
majority stake in Bank Permata despite the threat posed by the
recent bomb attack.

CONTACT:

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


PERTAMINA: Buys 1.8 Million Barrels of Sweet Crude
---------------------------------------------------
PT Pertamina has purchased 1.8 million barrels (bbl) of sweet
crude for delivery in November and doesn't intend boost its
crude supply for the month, Dow Jones reveals.

The state oil and gas firm will turn to 5.1 million bbl of term
reserves to meet its requirement for the month.

October spot import of 2.85 bbl was not able to fulfill the
company's usual monthly spot purchase of 4.6 million bbl.

Pertamina bought 600,000 bbl each of Australian Legendre from BP
Oil Suuply, Bruneian Seria Light from Singapore's Gold Manor,
and a combined Bruneian Seria Light-Champion cargo from Japan's
Mitsubishi.

For the third straight month, Pertamina refrained from buying
Atlantic basin crude. Along with other Asian importers, the oil
firm has been avoiding Brent cargoes because of a tight west-to-
east arbitrage.

The November Brent-Dubai exchange-for-swaps is pegged at over
US$5 a barrel, against a front-month delta of AU$3.65/bbl a
month earlier.

CONTACT:

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


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


HITACHI LIMITED: Unveils World's First 3-D Cardiac Technology
-------------------------------------------------------------
Hitachi Limited announced September 9 that it has developed the
world's first technology for three-dimensional (3-D) imaging of
cardiac current distributions.

Using magnetocardiography, the new technology creates the 3-D
image of cardiac current distributions. The heart can be
observed from every direction, allowing the electrophysiologic
phenomena of the heart to be visually analyzed.

The latest technology may pave the way for new approaches in
treating heart diseases.

Detailed research results were presented at the 21st Annual
Meeting of the Japanese Society of Electrocardiology.

CONTACT:

Hitachi, Ltd.
4-6, Kanda-Surugadai, Chiyoda-ku
Tokyo, 101-8010, Japan
Phone: +81-3-3258-1111
Fax: +81-3-3258-2375
Web site: http://www.hitachi.com


KIMURAYA K.K.: Files for Court Protection
-----------------------------------------
Despite restructuring efforts, discount store operator Kimuraya
K.K. on Monday filed with the Tokyo District Court for
protection from creditors under the Civil Rehabilitation Law,
relates Kyodo News.

According to Teikoku Databank America, Tokyo-based Kimuraya has
entered bankruptcy with JPY30 billion (US$250 million) worth of
liabilities.

The company, which booked JPY56 billion in sales in the year to
January 31, 2001, sank into the red as result of sluggish
demand.

Kimuraya, founded in 1955, operates 14 discount stores for home
appliance, information equipment men's suits, golf gear,
wristwatches and other goods.

CONTACT:

Kimuraya K.K.
Taito-Ku, Tokyo 110-0005


MITSUBISHI MOTORS: Hires New North Central Regional Director
------------------------------------------------------------
Michael Tocci, senior vice president sales, fleet and
distribution of Mitsubishi Motors North America, Inc. (MMNA) on
September 13 announced the hiring of Charles Johnpeter as the
company's regional director, North Central Region. Mr. Johnpeter
succeeds Casey Griffin, who resigned from the position last
week.

"We're thrilled to have Charlie on the team," said Tocci. "He
will be a tremendous asset to Mitsubishi Motors North America
and to our sales efforts in the North Central Region."

Mr. Johnpeter comes from Hyundai Motor America where he served
as vice president of Hyundai's Central Region. He began his
career with Hyundai in 1985 in Atlanta, Georgia, as market
representation manager, then moved to Hyundai's Central Region
where he served as regional sales manager, general manager, and
eventually vice president. During his tenure there, sales grew
from 15,000 vehicles to 71,900 vehicles for the 140 dealers
making up the region.

"I am very confident in the senior management at Mitsubishi
Motors North America, and look forward to joining a great team.
I know the Midwest market and many of its dealers well, and I'm
ready to be part of Mitsubishi's turnaround there," said
Mr. Johnpeter.

Prior to joining Hyundai, Mr. Johnpeter worked for nine years at
Ford Motor Company in the sales area. He is a graduate of DePauw
University in Indiana, and earned a Masters Degree in
International Business from American Graduate School of
International Management. Charles is married with two daughters,
Anna and Betsy.

Mitsubishi Motors North America, Inc., (MMNA) is responsible for
all manufacturing, finance, sales, marketing, research and
development operations of the Mitsubishi Motors Corporation in
the United States, Canada, Mexico and Puerto Rico. Mitsubishi
Motors sells coupes, convertibles, sedans and sport utility
vehicles through a network of nearly 700 dealers throughout
North America.

CONTACT:

Mitsubishi Motors North America, Inc.
6400 Katella Ave.
Cypress, CA 90630-0064 (Map)
Phone: 714-372-6000
Fax: 714-373-1020
Web site: http://www.mitsucars.com


RESONA BANK: R&I Assigns BBB-, Sub-debt SB No.1
-----------------------------------------------
Rating and Investment Information, Inc. (R&I), has assigned the
following ratings:

ISSUER: Resona Bank, Ltd.
Long-term Debt (Subordinated Bond)
New Issue

R&I RATING: BBB-

RATIONALE:

The Resona Group has an extensive business base, primarily in
the Tokyo metropolitan area and the Kansai region, and with
total assets of about 40 trillion yen, it ranks after the big
four financial groups in size. The rating for Resona Bank
reflects an evaluation of the group on a consolidated base and
the bank's position as the group's core bank. The formal rating
is for the dated subordinated bonds, and R&I has assigned a BBB-
rating, one notch lower than the Senior Long-term Credit Rating,
reflecting the subordination in the bond contract.

In the first half of fiscal year 2003, Resona Bank received a
capital increase through a 1.96 trillion yen infusion of public
funds, and it is currently promoting reorganization within the
government's "Special
Support" framework.

With its new management team, fiscal2003 saw major advances in
the strengthening of corporate governance. The bank has made
progress with financial provisioning and writing off "closely-
related" borrowers and non-banks, which had been a heavy burden
on management, and it has substantially reduced non-performing
loans (NPLs). It has also made progress in the improvement of
its high cost structure through financial provisioning for
future costs, for example.

On the other hand, the group's consolidated core capital (Tier
I) ratio is a low 3.92%.

Currently, signs are appearing of a recovery in the bank's
business base, such as increase in personal deposits. Issues for
the future are the strengthening of the capital base through
stably retaining earnings, derived from complete low cost
operations and commission fees through tie-up strategies, etc.
by means such as concentrating management resources on retail
operations.

ISSUER: Resona Bank, Ltd.
Long-term Debt (Subordinated Bond)
New Issue

ISSUE: Bonds Rated       Issue Date   Redemption   Issue
Amount(mln)
Unsec. Str. Subordinated
Bonds No. 1              Sep 24, 2004 Sep 24, 2014 JPY20,000

R&I RATING: BBB-

Senior Long-term Credit Rating: BBB

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.


SOJITZ HOLDINGS: To Start Production at Minerva Mine Next Year
--------------------------------------------------------------
Sojitz Holdings Corporation will start production at the Minerva
coal mine in Australia next year, reports Dow Jones.

According to the Japanese trading group, the exploration has
confirmed 26.8 million tons of marketable coal reserve at the
mine near Emerald, Queensland.

The mine is expected yield 2.5 million tons of coal and sales of
JPY8.8 billion from 2007 and beyond.

In the joint venture for developing the Minerva mine, a local
Sojitz company holds a 30% stake, while Felix Resources Limited
controls the rest.

CONTACT:

Sojitz Holdings Corporation
1-23,Shiba 4-chome, Minato-ku
Tokyo, 108-8405, Japan
Phone: +81-3-5446-111
Fax: +81-3-5446-1365
Website: http://www.sojitz.com


SOJITZ HOLDINGS: Launches Commissioning At Philippine Project
-------------------------------------------------------------
Sojitz Holdings Corporation announced in its website that
commissioning has been launched at the Coral Bay Nickel Project
at Rio Tuba in the Philippines following the mechanical
completion of plant, on schedule, in late August.

The project, being carried out on Palawan Island, is lead by
Sumitomo Metal Mining Co., Ltd., as a joint undertaking with Rio
Tuba Nickel Mining Corporation, Mitsui & Co., Ltd. and Sojitz
Corporation.

Plans anticipate a total investment sum of approximately US$180
million, with operations scheduled to continue over a period of
about 20 years.

To view the full release, click on:
http://bankrupt.com/misc/TCRAP_SOJITZHOLDINGS091404.pdf


TOKAI CORPORATION: JCR Affirms BB/BB- on Sr. Debts/Bonds
--------------------------------------------------------
The Japan Credit Rating Agency Limited (JCR) has affirmed the BB
and the BB- rating to senior debts and bonds of TOKAI
Corporation, respectively.

Senior Debts

Issues          Amount(bln)  Issue Date     Due Date
Coupon
convertible
bonds no.5      Y10          July 31, 2000  Sept. 30, 2005  0.5%

Rationale:

TOKAI is primarily engaged in sales of LP gas and gas equipment.
It turned into the black on a net income basis for fiscal 2003,
supported by increase in sales to small retailers of LP gas and
reductions in loss from ADSL business. TOKAI estimates that both
the revenue and profit will increase for fiscal 2004
continually.

However, there is concern about the weakening of earnings
because of rapid increase in import price of LP Gas. The
financial structure is weak with the interest-bearing debt being
large. JCR will pay attention to the future developments as to
whether TOKAI can turn the ADSL business into a positive figure
and can strengthen the earnings power of LP gas business.

CONTACT:

TOKAI CORPORATION
6-8 Tokiwa-cho 2-Chome
Shizuoka 420-0034, Shizuoka 420-0034
JAPAN
Phone: +81 54 254 8181
Fax: +81 54 273 4821
Web site: http://www.tokai-co.co.jp/


UFJ HOLDINGS: MTFG To Speed Up Tie-up Plan
------------------------------------------
Mitsubishi Tokyo Financial Group Incorporated (MTFG) President
Nobuo Kuroyanagi has confirmed MTFG's plan to advance the tie-up
schedule with UFJ Holdings Incorporated in sales of financial
products to individual customers and in overseas operations,
says The Japan Times.

In order to maximize the benefits of the UFJ-MTFG merger, MTFG
wants to speed up the planned management integration by forging
tie-ups in as many business fields as possible by the end of the
year.

"We want to bring forward the schedule for tying up as much as
possible in sales of investment trust and insurance products as
well as in overseas business," Kuroyanagi declared.

MTFG, which has inked a basic deal to merge with UFJ in October
2005, also wants to combine its 81 international footholds and
UFJ's 26 overseas operational bases to streamline operations.

MTFG will disclose the merger ratio next spring following its
assessment of UFJ's assets and earnings data for fiscal 2004.

CONTACT:

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


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


KOOKMIN BANK: Extraordinary Meeting Slated for October 29
---------------------------------------------------------
In a press release Kookmin Bank announced that on September 13,
2004, the board of directors of Kookmin Bank approved and
ratified to convene the extraordinary shareholders' meeting as
follows:

Time: October 29, 2004, 10:00 A.M.

Venue:

Auditorium, 4 th floor, 36-3 Yoido-dong, Youngdeungpo-ku, Seoul,
Korea 150-758

Agenda:

- Appointment of executive directors;

- Appointment of a candidate for the member of the Audit
Committee, who is not a non-executive director;

- Approval of previously granted stock options;

The shareholders may exercise their voting rights in writing
without attending the meeting in person.

CONTACT:

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


KOOKMIN BANK: Reveals Statement Regarding FSC's Allegations
-----------------------------------------------------------
On September 13, 2004, Kookmin Bank issued a press release with
respect to the Financial Supervisory Commission's allegations
that Kookmin Bank applied improper accounting standards in
connection with its merger with Kookmin Credit Card and other
accounting-related matters as follows.

In connection with Kookmin Bank's board of directors meeting
held on September 13, 2004, President and CEO Jung-Tae Kim
expressed regret for causing concern to Kookmin Bank's customers
and shareholders as a result of the Financial Supervisory
Commission's allegations that Kookmin Bank applied improper
accounting standards in connection with its merger with Kookmin
Credit Card and other accounting-related matters.

However, the board of directors is considering possible legal
action against the Financial Supervisory Commission as a result
of the Financial Supervisory Commission's allegations that
Kookmin Bank applied improper accounting standards in connection
with its merger with Kookmin Credit Card.

As the board realizes that this has serious implications, it
plans additional consultations with outside legal and accounting
experts as to whether the accounting standards used in
connection with Kookmin Bank's merger with Kookmin Credit Card
was improper and any effect such legal action may have on
Kookmin Bank's interests as well as those of its shareholders.

President Kim also announced that he will not seek a preliminary
injunction against the enforcement of the Financial Supervisory
Commission's "disciplinary warning," which will prevent him from
seeking another term as Kookmin Bank's president and CEO.

Accordingly, President Kim also announced that the possibility
of any legal action would be approved by the board of directors
for the benefit of Kookmin Bank and not in connection with the
extension of his term.  In conclusion, President Kim expressed
his desire to continue to do his best to oversee Kookmin Bank's
profits during the remainder of his term as its president and
CEO.


KOREA LINE: SK Locals Fear a Second Hostile Takeover
----------------------------------------------------
Korea Line Corp. is preparing for a foreign hostile takeover
bid, a second attempt in the country's corporate history,
reports Yonhap news.

The announcement made by Golar LNG Ltd. on September 1 to
improve relations with Korea Line and South Korean state gas
monopoly Korea Gas Corp., was interpreted as a hint of a hostile
takeover even though Golar did not express a clear intention to
acquire Korea Line.

Moreover, Golar's unrivaled status at Korea Line fueled the
speculations.  Golar holds a 21.1 percent stake in the local
firm and is considered the second largest shareholder.  The LNG
carrier company also maintains a close tie with Norway's
Fearnley Fonds ASA, a 4.86-percent shareholder of Korea Line.

Golar's Chairman, John Fredriksen is also known for using
hostile takeovers as a way of expanding business.  Mr.
Fredriksen, then head of World Shipholding Ltd. in 2002,
acquired Osprey Maritime Ltd., which became the parent company
of Golar LNG.

South Korea is dubbed as the second-biggest importer of LNG in
the world, bringing in 19 million metric tons, or 15.4 per cent
of the world's total consumption, in 2003. Korea Gas manages
most of the imports.

"Except for South Korea and Japan, there are not many countries
which import such a massive amount of LNG," said Lee Chang-mok,
an analyst at Woori Securities Co.

According to analysts, Golar is aiming at Korea Line's LNG
transportation business, as Korea Line is currently a supplier
of two LNG carriers and financier of four others in the state
gas monopoly's 17-carrier fleet.

Korea Line has a low market capitalization.  Its market value is
less than KRW373 billion (US$325 million), far lower compared
with other domestic rivals such as Hinjin Shipping Co. and
Hyundai Merchant Marine Co.

Domestic businesspeople and the media fear that another hostile
takeover would materialize.  Local media outlets, which often
see such attempt by foreign shareholders as a way to achieve
quick gains, have called on the government to draw up measures
to protect Korean companies from hostile takeover bids by
foreigners.

But analysts are wary of such rash judgment, saying the union of
two companies with the same business line could benefit both
sides.

"A takeover could create a synergy effect," said Song Young-mok,
an analyst at Korea Investment Securities Co. "It would not be
right to see the attempt as merely targeting quick investment
gains."

But Mr. Song expressed doubt the possibility of a hostile
takeover in South Korea because no such efforts from a foreign
company have ever succeeded.

The first case of a hostile takeover happened last year to SK
Corp, a hostile takeover target of a Monaco-based private
investment fund.

CONTACT:

Korea Line Corporation
43 Insa-dong Jongro-gu
Seoul, 110-741
KOREA (SOUTH)
Telephone: +82 2 3701 0114
           +82 2 733 1610


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


ANCOM BERHAD: Releases Shares Buy Back Notice
---------------------------------------------
Ancom Berhad announced the details of its shares buy back on
September 13, 2004.

Date of buy back: 13/09/2004

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

Total number of shares purchased (units): 3,400

Minimum price paid for each share purchased (RM): 0.790

Maximum price paid for each share purchased (RM): 0.795

Total consideration paid (RM):

Number of shares purchased retained in treasury (units): 3,400

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

Cumulative net outstanding treasury shares as at to-date
(units): 4,761,400

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

CONTACT:

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


BUKIT KATIL: Unveils Amended Quarterly Report
---------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Bukit Katil
Resources Berhad released its amended interim financial report
for the forth quarter ended June 30, 2003.

For more information, go to
http://bankrupt.com/misc/tcrap_bukit091404.doc

CONTACT:

Bukit Katil Resources Berhad
Damasara Town Centre
Jalan Damanlela Pusat Bandar Damansara, Damansara Heights, Kuala
Lumpur 50490 MALAYSIA
Telephone: +60 3 2095 7077
Telephone: +60 3 2094 9940


CEPATWAWASAN GROUP: Presents August 2004 Production Figures
-----------------------------------------------------------
The Board of Directors of Cepatwawasan Group Berhad announced
the production figures of the Group for August 2004, as follows:

FFB Sales - 11,502.33 MT
C.P.O Production - 6,420.078 MT
Kernel Production - 1,746.146 MT

This Bursa Malaysia announcement is dated 13 September 2004.


FIAMMA HOLDINGS: Unit Faces Winding Up Petition
-----------------------------------------------
Further to the announcement made on 7 August 2003 pertaining to
the default of principal payment by Sunrise Stream Sdn Berhad
(SSSB), the Board of Directors of Fiamma Holdings Berhad
announced that Mr. Tan Kim Leong, JP and Mr. Chew Chong Eu of
12th Floor Menara Uni.Asia, 1008 Jalan Sultan Ismail, 50250
Kuala Lumpur have been appointed as Liquidators for SSSB at an
Extraordinary General Meeting held on 13 September 2004 for the
purpose of winding up the company by way of Creditors' Voluntary
Winding Up.

INFORMATION ON SSSB

SSSB was incorporated on 13 July 1999 and was a 50.1 percent
subsidiary of Fiamma. On 30 May 2003, Fiamma has announced that
it had disposed 0.2% equity interest or 60,000 ordinary shares
of RM1 each in SSSB. On that date, SSSB ceased to be a
subsidiary and has since become an associated company of Fiamma.

The authorized share capital of SSSB is RM100,000,000 divided
into 100,000,000 ordinary shares of RM1 each. The issued and
paid up capital is RM30,000,002 divided into 30,000,002 ordinary
shares of RM1 each .

FINANCIAL AND OPERATIONAL IMPACT OF THE WINDING UP

As at 13 September 2004, the carrying value of Fiamma's
investment in SSSB remained RM Nil. Hence, there is no financial
impact to Fiamma Group for the financial year ending 30
September 2004. There is also no operational impact to Fiamma
Group as SSSB has ceased operation before the commencement of
winding up proceedings.

CONTACT:

Fiamma Holdings Berhad
Lot 24, Rawang Housing & Industrial Estate,
Mukim Rawang, Karung Berkunci
No 210, 48000 Rawang,
Selangor Darul Ehsan, Malaysia
Tel: 603-60914343
Fax: 603-60913911, 60914485
Telex: MA 031993

This announcement is dated 13 September 2004.


GOLDEN FRONTIER: Purchases 7,000 Ordinary Shares on Buy Back
------------------------------------------------------------
Golden Frontier Berhad disclosed to the Bursa Malaysia
Securities Berhad the details of its shares buy back on
September 13, 2004.

Date of buy back: 13/09/2004

Description of shares purchased:  Ordinary Shares of RM1.00 Each

Total number of shares purchased (units): 7,000

Minimum price paid for each share purchased (RM): 0.600

Maximum price paid for each share purchased (RM): 0.700

Total consideration paid (RM): 4,896.11

Number of shares purchased retained in treasury (units): 7,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 1,061,300

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

CONTACT:

Golden Frontier Berhad
No 11 Lorong Kinta
10400 Penang,
Malaysia
Tel: +60 4 226 2226
Tel: +60 4 228 2890


METROPLEX BERHAD: Releases Default Status Update
------------------------------------------------
Further to our announcement made on 21 December 2000 on
Metroplex Berhad (MB)'s default on its RM310 million 5%
Redeemable Bank Guaranteed Bonds (1995/2000), the Company and
its certain subsidiaries had defaulted on its principal and
interest servicing obligations amounting to RM1,587,474,701.08
as at 31 July 2004 in respect of the various loan facilities
from various financial institutions.

Reasons for default in payments

On 21 December 2000, MB announced that it had failed to redeem
its 1995/2000 Bonds. Subsequent to the announcement, the Company
and the Group had also defaulted on its loan facilities with
various lenders due to tight cash flow and were unable to
service the interest and principal obligations to the lenders as
and when they fell due.

Measures by MB to address the default in payments

MB is currently in active negotiations with its lenders to
restructure and/or reschedule the loans which forms an important
part of the Proposed Composite Schemes of Arrangement (Proposed
Restructuring Scheme) under Section 176 of the Companies Act,
1965. The Proposed Restructuring Scheme will essentially address
the issues relating to the default and the details of the
Proposed Restructuring Scheme will be announced in due course.

Financial and legal implications in respect of the default in
payments, including the extent of MB's liability in respect of
the obligations incurred under the agreements for the
indebtedness

The financial implications is that the estimated total
outstanding as at 31 July 2004, in relation to the payments,
which are in default amounts to RM1,587,474,701.08.

The legal implications, which arise from the defaults is that
since MB is either the principal borrower or the guarantor for
these loans, MB is liable for the full amount and any further
interest and financial cost levied there or until the settlement
of these debts.

In the event the defaults is in respect of secured loan stocks
or bonds, lines of action available to the guarantors/security
holders against the Company

The Guarantor Banks had called on the Company for the amount
paid out by them to the Bondholders.

In the event the default in payments is in respect of payments
under a debenture, to specify whether the default will empower
the debenture holder to appoint a receiver and manager

Not applicable.

Whether the event of default constitutes an event of default
under a different agreement for indebtedness (cross default)

The default in payments does constitute a technical default for
other loan facilities granted by other lenders to the Group.

However, MB is in active negotiations with its lenders to
restructure and/or reschedule the loans.

Any other information

MB and its 15 subsidiaries had obtained a Restraining Order from
the High Court of Malaya expiring on 21 October 2004 prohibiting
all lenders from taking any legal action or proceedings against
the Company and the Group or its assets including enforcing any
security pending approval of the Proposed Restructuring Scheme.

Pursuant thereto, the details of the loan facilities currently
in default are as per Table A
http://bankrupt.com/misc/tcrap_metroplex091404.xls

CONTACT:

Metroplex Berhad
1st Floor Wisma Equity
150 Jalan Ampang
50450 Kuala Lumpur,
Malaysia
Telephone: 03-2618911
Auditor: P C Chan & Partners

This announcement is dated 13 September 2004.


MMC CORPORATION: Dissolves Japanese Unit
----------------------------------------
MMC Corporation Berhad (MMC) has received confirmation on 13
September 2004 that the Registrar of Tokyo Legal Affairs Bureau
has completed the dissolution procedure of MMC Japan Limited
(MMC Japan).

MMC Japan is a wholly owned subsidiary of MMC Marketing Sdn Bhd
(MMCM), which in turn is a 100% subsidiary of MMC Corporation
Berhad and it has been dormant since 1994. MMC Japan was the
marketing Agent for tin and minerals of MMCM in Japan.

The dissolution is pursuant to the reorganization and
streamlining of MMC Group's structure and it has no impact on
the Group's operations and results.

CONTACT:

MMC Corporation Berhad
10th Floor, Block B, HP Towers
No. 12, Jalan Gelenggang, Damansara Heights
50490 Kuala Lumpur
Malaysia
Tel: +603 2092 5588
Fax: +603 2093 9917

This announcement is dated the 13th day of September 2004.


MTD CAPITAL: Purchases 90,000 Ordinary Shares on Buy Back
---------------------------------------------------------
MTD Capital Berhad disclosed the details of its shares buy back
on September 13, 2004.

Date of buy back: 13/09/2004

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

Total number of shares purchased (units): 90,000

Minimum price paid for each share purchased (RM): 2.600

Maximum price paid for each share purchased (RM): 2.610

Total consideration paid (RM): 234,882.00

Number of shares purchased retained in treasury (units): 90,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 2,688,000

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

CONTACT:

MTD Capital Berhad
Lot 8359, Mukim of Batu
Batu 8, Jalan Caves,
68100 Batu Caves,
Selangor Darul Ehsan,
Malaysia
Telephone: (603) 689-9022


MYCOM BERHAD: Seeks Renewal of Shareholder's Mandate
----------------------------------------------------
The Board of Directors of Mycom Berhad intends to seek
shareholders' approval for a proposed renewal of shareholder's
mandate for recurrent related party transactions of a revenue or
trading nature as well as a proposed renewal of general mandate
for the provision of financial assistance at the forthcoming
annual general meeting of the Company.

A circular to shareholders in relation to the proposed renewal
of shareholders' mandate and proposed renewal of general mandate
will be sent together with the notice of the annual general
meeting of the Company in due course.

CONTACT:

Mycom Berhad
No 8 Jalan Raja Chulan
Kuala Lumpur, 50200
Malaysia
Telephone: +60 3 2072 3993
Telephone: +60 3 2072 3996


PAN PACIFIC: Issues Default Status Notice
-----------------------------------------
Pan Pacific Asia Berhad (PPAB) and its subsidiaries announced
the Default in its Payment as at 31 August 2004 in accordance
with the Practice Note No. 1/2001 of the listing requirements of
the Bursa Malaysia Securities Berhad.

The Company announced that there are no material changes in the
Company's status of default from the date of the last
announcement until 31 August 2004.

For a summary of the Company's borrowings in default as at 31
August 2004, go to
http://bankrupt.com/misc/tcrap_panpacific091404.xls

CONTACT:

Pan Pacific Asia Berhad
Unit No. 602B,
Level 6, Tower B,
Uptown 5, 5 Jalan SS21/39,
Damansara Uptown,
47400 Petaling Jaya,
Selangor
Tel: 03-77278168
Fax: 03-77271622


PANTAI HOLDINGS: Releases Shares Buy Back Notice
------------------------------------------------
Pantai Holdings Berhad announced the details of its shares buy
back on September 13, 2004.

Date of buy back: 13/09/2004

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

Total number of shares purchased (units): 14,000

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

Maximum price paid for each share purchased (RM): 0.860

Total consideration paid (RM): 12,038.89

Number of shares purchased retained in treasury (units): 14,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 23,267,900

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

CONTACT:

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


POS MALAYSIA: Grants Listing of 407,000 Ordinary Shares
-------------------------------------------------------
POS Malaysia & Services Holdings Berhad's additional 407,000 new
ordinary shares of RM1.00 each issued pursuant to the employee
shares option scheme will be granted listing and quotation with
effect from 9 a.m., Thursday, 16 September 2004.

CONTACT:

Pos Malaysia & Services Holdings Berhad
189 Jalan Tun Razak
Kuala Lumpur, 50400
MALAYSIA
Tel: +60 3 2166 2323
Tel: +60 3 2166 2266


RNC CORPORATION: Issues Material Litigation Update
--------------------------------------------------
RNC Corporation Berhad (Special Administrators Appointed)
announced that the Industrial Court of Malaysia had on 1
September 2004 awarded Mr. Kesvaran A/L T.P. Murugasu
(Claimant), a total sum of RM342,333 (less income tax and other
deductions) arising from the constructive dismissal of the
Claimant.

The Company announced that the award was given on the terms that
the sum of RM342,333 (less income tax and other deductions) is
to be paid to the Claimant through his solicitors within a
period of sixty (60) days from the date of the award.

CONTACT:

RNC Corporation Berhad
20/F East Wing Plaza Permata
Jalan Kampar Off Jalan Tun Razak, 50400 Kuala Lumpur Wilayah
Persekutuan
MALAYSIA
Tel: +60 3 4043 9411
Tel: +60 3 4043 1233

This announcement is dated 13 September 2004.


TALAM CORPORATION: Issues Additional 79,091 Ordinary Shares
-----------------------------------------------------------
Talam Corporation Berhad's additional 79,091 new ordinary shares
of RM1.00 each issued pursuant to the conversion of 530,912
irredeemable convertible preference shares into 53,091 new
ordinary shares and the conversion of RM26,000 irredeemable
convertible unsecured loan stocks 2003/2005 into 26,000 new
ordinary shares will be granted listing and quotation with
effect from 9 a.m., Thursday, 16 September 2004.

CONTACT:

Talam Corporation Berhad
5th Floor, Wisma Talam
52 Jalan Kampung Attap
50460 Kuala Lumpur, WP
Telephone number: 603-2732222
Fax number: 603-2731439


TIMBERWELL BERHAD: Unveils September 13 AGM Resolutions
-------------------------------------------------------
The Board of Directors of Timberwell Berhad announced that at
the Annual General Meeting (AGM) of the Company held on 13
September 2004 at 2 p.m. at Rose Garden, Level 1, The Magellan
Sutera Hotel, 1, Sutera Harbour Boulevard, Sutera Harbour, 88100
Kota Kinabalu, Sabah, Resolution 1 to 5 as per the Agenda were
passed as ordinary resolutions.

Resolution 6 passed as Special Business as follows:

ORDINARY RESOLUTION

Authority to Issue Shares pursuant to Section 132D of the
Companies Act, 1965

"That, subject always to the Companies Act, 1965, the Articles
of Association of the Company and the approvals of the relevant
government and/or regulatory authorities, the Directors be and
are hereby empowered, pursuant to Section 132D of the Companies
Act, 1965 to issue shares in the Company from time to time and
upon such terms and conditions and for such purpose as the
Directors may deem fit provided that the aggregate number of
shares issued pursuant to this resolution does not exceed ten
percentum (10%) of the total issued capital of the Company and
that such authority shall continue in force until the conclusion
of the next Annual General Meeting of the Company.

Resolution 7 to 9 passed as Special Business as follows:

Proposed Renewal of Shareholders' Mandate for Recurrent Related
Party Transactions of a Revenue or Trading Nature

"That, subject to Paragraph 10.09(1) of the Listing
Requirements, a mandate be and is hereby given to the Company
and its subsidiaries to enter into recurrent transactions of a
revenue or trading nature with the following related parties:

(a) Leadwell Sdn. Bhd.

(b) Gunung Wawasan Sdn. Bhd.

(c) Sutera Hasil Sdn. Bhd.

as disclosed under section 3(ii) of the Circular to Shareholders
dated 19 August 2004 which are necessary for the day-to-day
operations and not more favourable to the related parties than
those generally available to the public and are not to the
detriment of the minority shareholders as set out in the
Circular to Shareholders dated 19 August 2004 and that authority
conferred by this resolution shall commence immediately upon the
passing of this resolution;

AND THAT such mandate shall continue in force until:

(a) the conclusion of the next Annual General Meeting ("AGM") of
the Company, at which time it will lapse, unless by a resolution
passed at that meeting, the authority is renewed;

(b) the expiration of the period within which the next AGM after
the date it is required to be held pursuant to Section 143(1) of
the Act (but shall not extend to such extension as may be
allowed pursuant to Section 143(2) of the Act); or

(c) revoked or varied by resolution passed by the shareholders
in an AGM or Extraordinary Meeting; whichever is the earlier

AND THAT the breakdown of the aggregate value of the Recurrent
Related Party Transactions made during the financial year will
be disclosed in the Company's Annual Report based on the
following information:

(a) the type of the Recurrent Related Party Transactions made:
and

(b) the names of the related parties involved in each type of
the Recurrent Related Party Transactions made and their
relationship with the Company."


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


FIRST SAVINGS: Depositors Submit Applications for Claims
--------------------------------------------------------
Depositors of First Savings Bank flocked Tuesday to its branches
to submit their applications for claims, ABS-CBN News reports,
citing dzMM Radio.

About 50 clients showed up as early as 7 a.m. at the bank's main
office on E. Rodriguez Avenue, Quezon City. The bank has
branches in Manila's Divisoria district and in Tanay, Rizal.

The bank was forced to close on September 8 after it suffered a
bank run.  The Philippine Deposit Insurance Corporation (PDIC)
took over the bank the same day. Each of the bank's branches
would process up to 150 applications per day until September 30.

The PDIC required claimant-depositors to present two valid
identification cards aside from their savings passbook.

CONTACTS:

First Savings Bank, Inc.
268, E. Rodriguez, Sr.
Blvd., Quezon City,
Metro Manila
President: Ma. Paz I. Diokno
Telephone: 724-3261/724-2663

Philippine Deposit Insurance Corporation
PDIC Bldg., 2228 Chino Roces Avenue
1231 Makati City, Philippines
Phone: (632) 841-4000
E-mail: info@pdic.gov.ph


LMG CHEMICALS: Clarifies "Chemical Plant Closure" Report
--------------------------------------------------------
This is in reference to the news article "Chemical plant closed"
published in the September 14, 2004 issue of the Philippine
Daily Inquirer (Internet Edition).

The article reported "The Chemical plant suspected of leaking
sulfuric acid that downed around 25 students in Pasig City over
the weekend has been shut down. Mayor Vicente Eusebio revoked
the permit of LMG Chemicals Corp., located inside the Chemphil
Compound on Elisco Road, Barangay Kalawaan. The `cease and
desist order' said the plant was an imminent threat to life,
health and property,' the mayor said in his letter to LMG
Chemicals Corp. General Manager Jose Fernandez. Eusebio said he
would not allow the plant to operate in his city again. The
plant produces sulfuric acid, an ingredient used to make acid
batteries and soap.

LMG Chemicals Corporation (LMG), in its letter to the Philipine
Stock Exchange dated September 14, 2004, stated that:

"We are providing you copies of the following documents which
are all self explanatory, to wit:

1. Cease and Desist Order issued by Pasig City Mayor Vicente P.
Eusebio dated September 13, 2004 (Annex A);

2. A letter of the Environmental Management Bureau (NCR Region)
dated September 13, 2004 (Annex B); and

3. Revocation of Permit issued by the Business Permit and
License Office of Pasig City dated September 13, 2004 (Annex C)
On item (2) above, we wish to inform you that our
representatives are now attending a technical conference at the
office of the Environmental Management Bureau to discuss the
matter."

For your information.
(Original Signed)
JURISITA M. QUINTOS
Senior Vice President - Operations Group

For more information, go to
http://bankrupt.com/misc/tcrap_lmg091404.pdf


MAYNILAD WATER: Liquidation May Leave Shareholders Empty Handed
---------------------------------------------------------------
The shareholders of Maynilad Water Services Inc. (MWSI) may not
be able to recover anything once the Company starts to
liquidate, the Manila Times reports.

Based on the company's liquidation report submitted to the
Quezon Regional Trial Court, only PHP2.5 billion can be
recovered by its creditors. But MWSI's unsecured obligations
worth Php17.6 billion may leave the shareholders empty-handed.

The Company's total debts reached PHP17.6 billion covering
concession fee payments, bridge loan, credit agricole, peso-
denominated loans and other payables.

As part of the Company's revised rehabilitation plan, Maynilad
assured no water disruption; a viable repayment plan for all
creditors; and quasi-reorganization of the company to cut its
deficit.


MAYNILAD WATER: Rate Hike Looms
-------------------------------
Customers of Maynilad Water Services, Inc. should brace for
higher water rates starting next month if the court approves the
Company's rehabilitation plan, Business World reported on
Tuesday.

Although the government said it would not allow the debt-saddled
firm to implement new water rate hikes, it stressed it will not
prevent it from finally implementing increases previously
approved by the state-run Metropolitan Waterworks and Sewerage
System Regulatory Office (MWSS-RO).

But while it is inclined to allow the water firm to increase the
average tariff or the per cubic-meter charge for its customers
starting next month, the actual amount of additional charges is
still to be determined.

Maynilad wants to increase rates to PHP26.98 per cubic meter
from only PHP19.92.


NATIONAL STEEL: Sale to Indian Firm on Hold
-------------------------------------------
The contract finalizing the sale of National Steel Corporation
(NSC) to Global Infrastructure Holdings Limited was signed last
Friday as scheduled, but two more conditions need to be met to
close the PHP13.25-billion deal, Business World reports, citing
the Philippine National Bank Senior Vice President John Deveras.

Mr. Deveras said the two "pre-closing" conditions include a
certificate of eligibility from the Central Bank of the
Philippines on the deal's compliance with the Special Purpose
Vehicle (SPV) Law, and an agreement among secured creditors and
the National Power Corporation (Napocor) on how outstanding
liabilities would be paid.

When these conditions will have been met, the parties will sign
an omnibus agreement that will secure all payments to be made by
Global and a sharing agreement that will outline how proceeds of
the sale will be apportioned among the creditors banks.

Before the proceeds are distributed, NSC's obligations will
first be deducted, Mr. Deveras said.

NSC owes PHP171.2 million in real estate taxes to Iligan City in
Central Mindanao, and PHP270 million to Napocor.

Global will be required to pay the previously agreed PHP1
billion down payment only when all three documents will have
been signed.

So far, Global has deposited, in escrow, US$6.5 million. In
dollar terms, the down payment amounts to US$17.857 million, the
PNB official said.

NSC owes:

Philippine National Bank, PHP5.639 billion;

Credit Agricole Indosuez, PHP1.687 billion;

Land Bank of the Philippines, PHP1.17 billion (with PHP160
million in the form of long-term commercial papers);

China Banking Corp., PHP846.9 million;

Rizal Commercial Banking Corp., PHP687.6 million;

Metropolitan Bank and Trust Company, PHP686.2 million
(originally borrowed from Asian Bank Corp.);

United Coconut Planters Bank, PHP403.46 million;

Export Industry Bank, PHP397.09 million (originally from Urban
Bank);

Equitable PCI Bank, PHP481.46 million;

Bank of Commerce, PHP151.14 million (when combined with Traders

Royal Bank's PHP91.57 million);

Wise Capital Investment and Trust, PHP143.51 million;

United Overseas Bank, PHP63.97 million; and

Allied Banking Corp., PHP13.65 million.


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


CUTTING HOUSE: Posts Dividend Notice
------------------------------------
The Cutting House Asia Pte Ltd, posted a Dividend Notice on
September 10 at the Singapore Government Gazette.

Address of Registered Office: Formerly of 261 Waterloo Street
#03-08 Singapore 180261

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 118 of 1999

Amount Per Centum: 35.18%

First and Final or otherwise: First & Final Dividend

When Payable: 4th September 2004

Where Payable: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Kamala Ponnampalam
Assistant Official Receiver


KIM HUAT: Releases First and Final Dividend Notice
--------------------------------------------------
Kim Huat Tropical Products (S) Pte Ltd, posted a Dividend Notice
on September 10 at the Singapore Government Gazette.

Address of Registered Office: Formerly of 166 Woodlands Street
13 #01-537 Singapore 730166

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 186 of 1999

Amount Per Centum: 36.3%

First and Final or otherwise: First & Final Dividend

When Payable: 1st September 2004

Where Payable: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Dated: 10th September 2004

Sunari Bin Kateni
Assistant Official Receiver


T JETHANAND: First and Final Dividend Notice Issued
---------------------------------------------------
T Jethanand Properties (S) Pte Ltd., posted a Dividend Notice on
September 10 at the Singapore Government Gazette.

Address of Registered Office: Formerly of 139 Cecil Street
#05-01 Cecil House Singapore 069539

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 191 of 1992

Amount Per Centum: 1.5189%

First and Final or otherwise: First & Final Dividend

When Payable: 2nd September 2004

Where Payable: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Moey Weng Foo
Assistant Official Receiver


WEE POH: Net Loss Widens to US$19.1Mln
--------------------------------------
Wee Poh Holdings is struggling with debt, as it remained in
negative equity with net liability of 0.68 cent a share, reports
The Singapore Business Times.

The construction firm on September 13 revealed that its net loss
has widened to US$19.1 million in the year ended June 30 from
US$1.9 million the previous year. Amid its planned reverse-
takeover deal with China-based Chongging Runtime Industry Group,
Wee Poh saw its revenue plunge 63.2 per cent to US$19.8 million,
as it has refrained from bidding for new projects in a
competitive market.

Meanwhile, an investment in its East Timor unit was written off
with a US$1.6 million loss. Wee Poh, which had a net liability
of 6.2 cents last year, now suffers accumulated losses of
US$35.2 million.

With it current dilemmas, Wee Poh is striving to pursue a
reverse takeover deal, which would give Chongqing Runtime a
backdoor listing on Sesdaq. The deal is scheduled for completion
by January next year.

CONTACT:

Wee Poh Holdings
213 Upper Thomson Road (S) 574348
tel: (65) 64521210
fax: (65) 64536310
http://www.weepoh.com.sg/
info@weepoh.com.sg


WEE POH: Releases Full Year Financial Results
---------------------------------------------
Wee Poh Holdings posted its full year financial statement ending
June 30, 2004. A net loss of US$19.1 million was recorded, as
opposed to the previous year's US$1.9 million loss. The company
has negative equity liability 0.68 percent a share.

To view the entire document click on the link below:
http://bankrupt.com/misc/tcrapweepoh091304.pdf


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


BANGKOK STEEL: Releases Audited Quarterly FS
--------------------------------------------
Bangkok Steel Industry Public Company Limited reported to the
Stock Exchange of Thailand its audited quarterly financial
statements.

Bangkok Steel Industry Plc.
Ending March 31, (In thousands)

Quarter 1
Year                  2004                2003
                     Audited            Reviewed

Net profit (loss)  (5,123,849)         (203,366)

EPS (baht)           (42.09)            (1.67)

The Auditor's Opinion: Disclaimer of 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."

C.J. Morgan Co.,Ltd.
Economic Intellect Co.,Ltd. Planner
Planner

For more information, click
http://bankrupt.com/misc/BANGKOKSTEELBALANCESHEET091404.xls
http://bankrupt.com/misc/BANGKOKSTEELCONSOLIDATEDFS091404.doc
http://bankrupt.com/misc/BANGKOKSTEELNOTESTOFS091404.doc

CONTACT:

BANGKOK STEEL INDUSTRY PUBLIC COMPANY LIMITED
UNITED FLOUR MILL BLDG,
205 RAJAWONG ROAD,
SAMPHANTHAWONG Bangkok
Telephone: 0-2226-0088, 0-2226-0680, 0-2226-6120-29
Fax: 0-2224-7698, 0-2222-7497
Website: www.bangkoksteel.co.th


NFC FERTILIZER: Completes Business Reorganization
-------------------------------------------------
C.J. Morgan Company Limited (CJM), as the Plan Administrator of
NFC Fertilizer Public Company Limited (NFC), informed the Stock
Exchange of Thailand that the NFC's business reorganization has
been successfully completed pursuant to the plan, and the Court
had ordered the reorganization terminated on Sep 13, 2004.

CJM will turn over to the NFC's executive the assets, seals,
accounting ledgers, and documents relating to assets and
business operation of NFC on Sep 15, 2004.

Please be advised accordingly
Yours respectfully,
Mr. Visoot Kajchamaporn and Mr. Ziriwat Anunkusri
C.J. Morgan Company Limited
On behalf of the Plan Administrator of NFC Fertilizer PCL

CONTACT:

National Fertilizer PCL
LAOPENGNGUAN BLDG 1, FLOOR 17-19,
333 VIBHAVADI RANGSIT ROAD, CHATU CHAK, Bangkok
Telephone: 0-2618-8100
Fax: 0-2618-8200
Website: www.nfc.co.th


SRITHAI FOOD: Seeks Another Extension for Submission of FS
-----------------------------------------------------------
With reference to the postponement of Srithai Food & Beverage
Public Company Limited's submission of quarterly Financial
Statement of 2/2547 (No.2) to 13 September 2004 according to the
Letter of the Securities and Exchange Commission (SEC) Chor,
1459/2547, the company would like to inform the Stock Exchange
of Thailand that:

Since the company was informed by its auditor that it required
an extended period for an additional audit since the company is
under the process of debt restructuring with the central
bankruptcy court, therefore, the company hereby requests for a
postponement of the submission of its quarterly financial
statement of 2/2547 for a further seven days as requested by its
auditor which is now under the examination process from the
Securities and Exchange Commission Thailand (SEC).

For your kind acknowledgement
Yours sincerely,
(Mr. Anan Jantranukul)
Executive 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 PETROCHEMICAL: Investor Optimism Leads to Share Price Surge
----------------------------------------------------------------
Thai Petrochemical Industry Plc (TPI) shares marked an eight-
week record high Monday, according to Business Day.

Shares of TPI rose 26 percent or THB1.95 per share to THB9.45 at
the end of the day Monday, making it the most active traded
share on the Stock Exchange of Thailand in terms of value, with
THB1.65 billion worth of shares or around 189.78 million shares
changing hands.

The rise in TPI's share price is attributed to investor optimism
on the approval of the company's revised debt rehabilitation
plan on September 27, the scheduled creditors meeting of TPI.

"There is no good news to support TPI's share price but the
surge was because investors bought TPI's shares for short-term
profit speculation," Viriya Lappromratana, director of Research
Department at Kiatnakin Securities said.

If TPI's plan gains the approval from the creditors, it will
then be forwarded to the Central Bankruptcy Court for
endorsement. The process will take about a month.

TPI is currently restructuring its US$2.8-billion debt.

CONTACT:

THAI PETROCHEMICAL INDUSTRY PCL
TPI TOWER, FLOOR 8, 26/56
NEW JUN ROAD, THUNGMAHAMEK, SATHON Bangkok
Telephone: 0-2678-5000, 0-2678-5100
Fax: 0-2678-5001-5
Website: www.tpigroup.co.th


THAI PETROCHEMICAL: To Hold Second Round of Voting October 12
-------------------------------------------------------------
A second round for creditors to vote on Thai Petrochemical
Industry PCL's (TPI) revised debt restructuring plan is
scheduled on October 12, reports Dow Jones Newswires, citing the
plan administration team.

The second round of voting was originally scheduled for
November, following the first round voting set for September 27.
If the creditors approve of the revised plan, it will then be
submitted to the Central Bankruptcy Court.

The revised debt plan includes a write-down of capital, the sale
of TPI's 49-percent stake in cement maker TPI Polene PCL
(TPIPL.TH), a capital increase via a share offering for debt
payment, a write-off of US$225 million in accrued interest, and
a rescheduling of the remaining debt.

TPI's total debt amounts to US$2.95 billion.  The restructuring
is expected to reduce the company's debt to US$1.8 billion,
which will be repaid from TPI's operational cash flow.

TPI's major creditors include Bangkok Bank PCL (BBL.TH),
International Finance Corp., Germany's KFW (KFW.YY), Citibank
and Export-Import Bank of the U.S.


                            *********


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, Peachy Clare Arreglo, Editors.

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

This material is copyrighted and any commercial use, resale or
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