TCRAP_Public/040928.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, September 28, 2004, Vol. 7, No. 192

                          Headlines

A U S T R A L I A

82 GELLIBRAND: To Hold Final Meeting October 13
ABSTRACT NO.: Issues Notice of Members' Final Meeting
ARDINGLEY PTY: Final Meeting Set October 13
BCC NOMINEES: To Declare Final Dividend on September 29
BHP PETROLEUM: Creditors Must Prove Claims By September 28

CLIFTON PARTNERS: ASIC Finds Former Director Guilty
COLES MYER: To Hold Final Meeting on October 7
COMINDICO AUSTRALIA: Calls in Administrators
DLM SECURITY: Final Meeting Slated for October 11
GLOBAL SDR: Directors Provide Undertakings in Court

GRASAL PTY: Sets Joint Meeting on October 11
GROOTE EYLANDT: Creditors To Prove Debts by September 28
JAMES HARDIE: Unions Push for Share Sale
JAMES HARDIE: Latham to Lead Product Boycott
NANEGAI HOLDINGS: To Declare Final Dividend on September 29

PARADISE QLD: Creditors and Members Meeting Set October 8
PLACES AUSTRALIA: Schedules Final Meeting October 8
PROPRIETARY LIMITED: To Declare Final Dividend on September 29
RASNAB OFFICE: Sets October 1 as Date of Final Meeting
SANTOS LIMITED: Requests Suspension of RCPS from Quotation

TRAFAL PTY: Creditors Must Submit Claims by September 28
WOODSIDE PETROLEUM: Books 1H 2004 Profit of AU$724.6Mln


C H I N A  &  H O N G  K O N G

BANK of CHINA: Increases Efforts to Draw Investors
PACMUR SHIPPING: Creditors To Submit Claims by October 25
SINO PLACE: Enters Winding Up Proceedings
STAR WORLD: Winding Up Hearing Set October 20
UPPERMOST INTERNATIONAL: Court To Hear Winding Up Petition

WUN TUNG: Winding Up Hearing Slated for October 13


I N D O N E S I A

BANK NEGARA: Divestment Issue Could Affect Government Holdings
PERTAMINA: To Cut Back on 2005 Finances by IDR1 Trillion
TEXMACO GROUP: JSX Clarifies Delisting Report


J A P A N

BINGO MACHI: Enters Bankruptcy
MATSUSHITA ELECTRIC: To Supply Software to Comcast
RESONA HOLDINGS: Mulls Tie-up with Bangkok Bank
UFJ HOLDINGS: Unveils Management Revitalization Plan
UFJ HOLDINGS: TSE Requests "Improvement Report"

UFJ HOLDINGS: Extends Merger Offer to June 30


K O R E A

HYNIX SEMICONDUCTOR: Slapped With KRW2Bln Fine
KOOKMIN BANK: Completes List of Candidates for Next President


M A L A Y S I A

ANCOM BERHAD: Purchases 47,300 Ordinary Shares on Buy Back
ANTAH HOLDINGS: Releases Default Status Update
AOKAM PERDANA: Bursa Malaysia OKs Rescue Scheme Extension
CEPATWAWASAN GROUP: Issues Litigation Update
CONSOLIDATED FARMS: Posts Practice Note No. 1/2001 Update

DATAPREP HOLDINGS: Granted Listing of 47,874 Ordinary Shares
FABER GROUP: Issues Additional 140,800 Ordinary Shares
HUME INDUSTRIES: AGM Set for October 19
INTAN UTILITIES: Releases Update On Mandatory Takeover Offer
JIN LIN: SC Issues Public Reprimand, Fine

JOHAN HOLDINGS: Unveils 2004 Quarterly Report
KRAMAT TIN: Seeks Scheme of Arrangement Extension
MBF HOLDINGS: Unit Appoints Liquidator
MCM TECHNOLOGIES: Unveils September 24 AGM Outcome
PROLEXUS BERHAD: Narrows 4Q04 Net Loss to MY146,000

TALAM CORPORATION: Reveals Status of Properties
TANJONG PUBLIC: Releases Second Interim Dividend Notice
TECHNOLOGY RESOURCES: Unit Enters Winding Up Proceedings
TENAGA NASIONAL: Focuses on Debt Reduction Scheme
TRU-TECH HOLDINGS: Receives Restraining Order Notice


P H I L I P P I N E S

MAYNILAD WATER: Employees To Stage Strike This Week
PILIPINO TELEPHONE: Clarifies "NTC TO Revoke License" Report
* Philippines Foreign Debt Burden Hits US$56.3B, Says BSP


S I N G A P O R E

ACER CAPITAL: Creditors to Prove Debts on October 25
KYOSHA HOLDINGS: Appoints Liquidators
KYOSHA HOLDINGS: Creditors to Prove Claims By October 8
MASTER TRAINER: Court Issues Winding Up Notice
OH CHIN: EGM Resolutions Passed on September 18

REYNOSA PRIVATE: Winding Up Hearing Set October 8
TAINET TECHNOLOGY: Resolutions Passed at EGM Held September 16
WEE POH: Names New Executives
WEE POH: Requests Trading Halt


T H A I L A N D

NATURAL PARK: Unveils Result of BOD Meeting
THAI PETROCHEMICAL: Most Creditors Support New Plan
* BOND PRICING: For the Week 27 September to 1 October 2004

     -  -  -  -  -  -  -  -

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


82 GELLIBRAND: To Hold Final Meeting October 13
-----------------------------------------------
Notice is hereby given pursuant to Section 509 of the
Corporations Act 2001 that a Final Meeting of Members and
Creditors of 82 Gellibrand Street Pty Ltd will be held at the
office of the Liquidators, 1st Floor, Lexen Building, 200 Malop
Street, Geelong, Victoria, 3220, on Wednesday, October 13, 2004
at 11:15 a.m. for the purpose of having accounts 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 of hearing any explanations that may be given by the
Liquidators.

Dated this 31st day of August 2004

Geoff Ridgeway
Joint & Several Liquidator
Jenkins Peake & Co
Chartered Accountants
PO Box 1570, Geelong 3220
Telephone: (03) 5223 1000,
Facsimile: (03) 5221 4938


ABSTRACT NO.: Issues Notice of Members' Final Meeting
-----------------------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Law, the final meeting of members of Abstract No.
10 Pty Ltd (In Liquidation) will be held at the offices of
Fowler & Board Services Pty at 1st Floor, 632 Ruthven Street,
Toowoomba, on the 8th day of October 2004 at 9:00 a.m. for the
purpose of laying before the meeting the liquidator's final
account and report, and giving any explanation thereof.

Dated this 24th day of August 2004

T. M. Nuss
Liquidator
Fowler & Board Services Pty
1st Floor, 632 Ruthven Street,
Toowoomba Qld 4350


ARDINGLEY PTY: Final Meeting Set October 13
-------------------------------------------
Notice is hereby given pursuant to Section 509 of the
Corporations Act 2001 that a Final Meeting of Members and
Creditors of Ardingley Pty Ltd (In Liquidation) will be held at
the office of the Liquidators, 1st Floor, Lexen Building, 200
Malop Street, Geelong, Victoria, 3220, on Wednesday, October 13,
2004 at 11:00 a.m. for the purpose of having accounts laid
before them, showing the manner in which the winding up has been
conducted and how the property of the company have been disposed
of, and of hearing any explanations that may be given by the
Liquidators.

Dated this 31st day of August 2004
Geoff Ridgeway
Joint & Several Liquidator
Jenkins Peake & Co
Chartered Accountants
PO Box 1570, Geelong 3220
Telephone: (03) 5223 1000,
Facsimile: (03) 5221 4938


BCC NOMINEES: To Declare Final Dividend on September 29
-------------------------------------------------------
A final dividend is to be declared on 29 September 2004 for BCC
Nominees Pty Ltd (In Liquidation).

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims. If they do not, they will be excluded
from the benefit of the dividend.

Dated this 30th day of August 2004

Michael Scales
Liquidator
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


BHP PETROLEUM: Creditors Must Prove Claims By September 28
----------------------------------------------------------
A final dividend is to be declared on 29 September 2004 for BHP
Petroleum (Lng Ships) Pty Ltd (In Liquidation).

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims.  If the do not, they will be excluded
from the benefit of the dividend.

Dated this 30th day of August 2004

Michael Scales

Liquidator
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


CLIFTON PARTNERS: ASIC Finds Former Director Guilty
---------------------------------------------------
Mr. William Frederick Harmer, of Mt Claremont in Western
Australia has been found guilty of making materially misleading
statements in a prospectus following an investigation by the
Australian Securities and Investments Commission (ASIC).

Mr. Harmer was a director, senior executive, finance broker and
an authorized representative of failed finance broking firm
Clifton Partners Finance Pty Ltd (Clifton Partners) which later
became known as Knightsbridge Finance Pty Ltd (Knightsbridge
Finance).

Mr. Harmer issued a prospectus between February 1 and March 3,
2000 that sought to raise money to enable Clifton Partners to
finalize a total loan facility to Onslow Trading Company Pty Ltd
(Onslow Trading) of $2,520,000.

At that time, Onslow Trading was constructing the Blackrock
Caravan Park in South Hedland, Western Australia.

ASIC alleged that the prospectus contained two statements which
were materially misleading including:

- that in January 31, 2000, $2.2 million had been raised and
that a further $320,000, proposed to be raised under the
prospectus, would enable the borrowers to complete the project;
and

- that work was nearing the final stages and the caravan park
should be open by the end of February 2000.

Contrary to these statements, construction of the caravan park
was in fact not nearing the final stages. There was also
evidence that approximately $1,600,000 was required at the time
that the prospectus was circulated to clients of Clifton
Partners by Mr. Harmer.

Mr. Harmer was remanded in custody for sentencing on Friday 8
October 2004.

The charges were prosecuted by the Commonwealth Director of
Public Prosecutions.

Background

Clifton Partners operated as a licensed finance broker from
February 1995 managing a mortgage lending business arranging
pooled mortgages. In December 1999 it regularized its mortgage
broking business to comply with the managed investments
provisions of the Corporations Act 2001. In so doing, Australian
Managed Funds Ltd (Australian Managed Funds) became the
responsible entity for a managed investment scheme then known as
the Clifton Partners Finance Mortgage Scheme.

On or about 31 May 2000, Knightsbridge Managed Funds Ltd
acquired all the shares in Australian Managed Funds, becoming
the new responsible entity, and Knightsbridge Finance acquired
all the shares in Clifton Partners. Subsequently, the Clifton
Partners Finance Mortgage Scheme changed its name to the
Knightsbridge Finance Mortgage Scheme (the Scheme).

The Scheme was placed into administration following action taken
by ASIC in December 2000. At that time, the total value of the
mortgage schemes that were placed into administration exceeded
$100 million.

This ASIC announcement is dated September 24, 2004.


COLES MYER: To Hold Final Meeting on October 7
----------------------------------------------
Notice is given that a final meeting of members of Coles Myer
Property Investments Pty Ltd (in liquidation) will be held at
the offices of Ernst & Young, Chartered Accountants, Level 33,
120 Collins Street, Melbourne on October 7, 2004 at 10:00 a.m.

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

Dated this 7th day of September 2004

Ross Cooke
Liquidator
Coles Myer Property Investments Pty Ltd (in liquidation)


COMINDICO AUSTRALIA: Calls in Administrators
--------------------------------------------
After a four-year battle to find a viable business plan,
directors of Comindico Australia Pty Ltd. called in
administrators Thursday afternoon, relates the Sydney Morning
Herald.

The high-tech Internet protocol network provider was founded in
2000 with more than AU$370 million in capital from shareholders
that included Kerry Packer's CPH, Rupert Murdoch's Queensland
Press, JP Morgan, Australian Gas Light Company and AMP.

Comindico's board opted to put the company into administration
after telecom equipment vendor Cisco vetoed plans for a capital
infusion. Cisco is reportedly owed AU$80 million by the troubled
company.

Cisco rejected an offer under which it would write off AU$70
million and JPMorgan and B-Digital would inject AU$27 million.

"The appointment of administrators became necessary following a
breakdown in negotiations with potential equity investors," said
the board in a joint statement with the administrators.

"It was and remains the board's view that a planned capital
raising would have been sufficient to address short-term debt as
well as provide adequate reserves to enable the group to reach a
position of positive EBITDA (earnings before interest, tax,
depreciation and amortization)."

The administrators scheduled the company's first creditors'
meeting on September 28.

CONTACT:

Comindico Australia Pty Ltd.
Level 15, 201 Kent Street
Sydney NSW 2000
Australia

GPO Box N800 Grosvenor Place
NSW 1220
Australia

Telephone: +61 2 8220 6000
Fax: +61 2 9252 6864


DLM SECURITY: Final Meeting Slated for October 11
-------------------------------------------------
Notice is hereby given that a final combined meeting of the
members and creditors of DLM Security Services Pty. Ltd. (In
Liquidation) will be held at the offices of Jessup & Partners,
Accountants & Business Advisors, St James Place, Level 3, 155-
157 Denham Street, Townsville, Queensland 4810 on Monday,
October 11, 2004 at 3:00 p.m.

AGENDA

(1) To receive an account made up by the Liquidator showing how
the winding up has been conducted and how the property of the
company has been disposed of, and to receive any explanation
required thereof.

(2) Any other business which may be lawfully considered with the
foregoing.

Dated this 25th day of August 2004

Ian David Jessup
Liquidator
Jessup & Partners
Accountants & Business Advisors
Level 3, 155-157 Denham Street,
Townsville Qld 4810
Telephone: (07) 4772 3515,


GLOBAL SDR: Directors Provide Undertakings in Court
---------------------------------------------------
Global SDR Technologies Pty Ltd (Global SDR) and its two
directors, Mr. Roger Thomas May and Mr Jason Roger May (the
Mays) have provided undertakings in the Supreme Court of
Victoria during proceedings before His Honour Justice Philip
Mandie.

The undertakings follow the commencement of proceedings by the
Australian Securities and Investments Commission (ASIC) on
September 20, 2004 to appoint a provisional liquidator to Global
SDR Technologies Pty Ltd, and ultimately, to wind the company
up.

His Honour adjourned the proceeding to October 11, 2004 for
further hearing upon the Mays' and Global SDR's undertaking that
they will not:

- sell, dispose of, transfer, encumber any of the assets and
property of Global SDR within or outside Australia; or

- sell, dispose of, transfer, encumber the SpectruCell SDR and
PC4 intellectual property.

Global SDR and the Mays' also stated to the Court that since
August 13, 2003, they have not sold, disposed of, transferred,
or encumbered (except for a debenture charge dated September 1,
2003), the SpectruCell SDR and PC4 intellectual property.

ASIC's inquiries into the affairs of Global SDR are continuing.

Background

Global SDR is the holding company of SDR Technologies Pty Ltd,
which was placed into liquidation on 1 September 2004 following
an application by the Deputy Commissioner of Taxation.

ASIC alleges Global SDR holds the patents for SpectruCell SDR
and PC4, intellectual property relating to mobile phone
telephony technology, and is seeking to protect the assets,
property and intellectual property prior to the hearing of
ASIC's application against Global SDR.  

This ASIC announcement is dated September 27, 2004.


GRASAL PTY: Sets Joint Meeting on October 11
--------------------------------------------
Notice is given that a joint annual and final meeting of
creditors and members of Grasal Pty Ltd (In Liquidation) will be
held at Level 6, 161 Collins Street, Melbourne on the 11th of  
October 2004 at 10:00 a.m.

The purpose of the meeting is to receive the Liquidator's
account showing how the winding up has been conducted and the
how property of the company has been disposed of, and to receive
any explanation of the account.

Accounts have been compiled in accordance with Section 539(1)
and are available for inspection at Level 6, 161 Collins Street,
Melbourne during normal business hours.

Dated this 31st day of August 2004

G. M. Rambaldi
Joint & Several Liquidator
Pitcher Partners
Level 6, 161 Collins Street,
Melbourne Vic 3000
Telephone: 03 9289 9882


GROOTE EYLANDT: Creditors To Prove Debts by September 28
--------------------------------------------------------
A final dividend is to be declared on 29 September 2004 for
Groote Eylandt Manganese Sales.

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims.  If they do not, they will be excluded
from the benefit of the dividend.

Dated this 30th day of August 2004

Michael Scales
Liquidator
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


JAMES HARDIE: Unions Push for Share Sale
----------------------------------------
Unions have been urging the Victorian government to sell James
Hardie Industries NV shares in which it has invested millions,
The Age relates.

The unions asserted it is time for Victorian officials to divest
their AU$50 million investment in the embattled asbestos
manufacturer.

The James Hardie scandal continues to boil up following an
inquiry last week that found the company under funded a
compensation fund for asbestos victims and provided misleading
statements about the fund.

Martin Kingham, the Victorian Secretary of the Construction,
Forestry, Mining and Energy Union, called for the government to
dispose of any holdings in James Hardie, saying it was the moral
thing to do after the company had been "so fundamentally
exposed".

Leigh Hubbard of Victorian Trades Hall backed Mr. Kingham's
statements, saying if James Hardie will not move to compensate
victims in the coming weeks the state should opt to sell off its
assets.

"Unless (James Hardie) quickly fix their behavior and commit to
doing the right thing then we would say that all governments and
investors that have ethical investment policies should be
looking very strongly at that investment," he declared.

Last week, the Australian Securities and Investments Commission
announced it would conduct a probe over allegations James Hardie
misled the community and investors over its compensation fund.

CONTACT:

For corporate and media enquiries only, please contact:

James Hardie Industries
Web site: http://www.jameshardie.com.au/

Greg Baxter
Executive Vice President
Level 3, 22 Pitt Street
Sydney NSW 2000
Telephone: (02) 8274 5305
Fax: (02) 8274 5218
Mobile: 0419 461 368

Steve Ashe
Vice President Investor Relations
Telephone: (02) 8274 5246
Fax: (02) 8274 5218
Mobile: 0408 164 011

Julie Sheather
Vice President Public Affairs
Telephone: (02) 8274 5206
Fax: (02) 8274 5218
Mobile: 0409 514 643

All other inquires to CustomerLink Service Centre on 13 1103.


JAMES HARDIE: Latham to Lead Product Boycott
--------------------------------------------
Opposition Leader Mark Latham vowed to lead a nationwide ban of
James Hardie products, says The Age.

Mr. Latham made a pledge to the acting president of the Asbestos
Diseases Foundation of Australia, Bernie Banton, to ensure
Australia's largest asbestos manufacturer compensates all its
victims adequately.

"We'll talk to the states about joining the boycott on their
products until they pay up," Mr. Latham said.

"So when we come into government, in adding pressure on them, I
think it's appropriate to have a nationwide ban on all levels of
government until they pay up, they put forward the billions that
are needed to do the compensation properly."

Aside from leading the boycott, Mr. Latham promised to amend the
corporations law to avoid a repeat of the situation.

In response, the government said it would review changes to
corporations law. However, it warned that the national boycott
of James Hardie goods could "hurt the wrong people".

"The Australian government is very concerned that this is not a
well thought through proposal because it could punish innocent
people as a result of the boycott, for example the workers of
James Hardie in Australia," Workplace Relations Minister Kevin
Andrews told reporters.

"We believe it is not well thought through and bad policy to
punish innocent people."

But almost every state and territory has expressed their
intention to support a boycott of Hardie products, a move that
could slash four percent from the firm's total earnings.

Asked if a boycott was legal, Mr. Latham replied: "You don't
have to buy particular products if you don't want to."

Mr. Latham explained the boycott will be carried out by ensuring
the firm's products were banned from contracts.


NANEGAI HOLDINGS: To Declare Final Dividend on September 29
-----------------------------------------------------------
A final dividend is to be declared on September 29, 2004 for
Nanegai Holdings Pty Ltd (In Liquidation).

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims.  If do not, they will be excluded from
the benefit of the dividend.

Dated this 30th day of August 2004

Michael Scales
Liquidator
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


PARADISE QLD: Creditors and Members Meeting Set October 8
---------------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
that a meeting of the creditors and members of Paradise Qld Pty
Ltd (In Liquidation) will be held at the offices of Horwath
Jefferson Stevenson, Level 4, 370 Queen Street, Brisbane at
11:00 a.m. on October 8, 2004 for the purpose of having an
account laid before them showing the manner in which the winding
up has been conducted and the property of the company has
disposed of, and of hearing any explanations that may be given
by the Liquidator.

Dated this 24th day of August 2004

Philip G. Jefferson
Liquidator
Horwath Jefferson Stevenson
Chartered Accountants
Level 4, 370 Queen Street,
Brisbane Qld 4000


PLACES AUSTRALIA: Schedules Final Meeting October 8
---------------------------------------------------
Notice is hereby given that a final meeting of creditors and
members of Places Australia Pty. Ltd. (In Liquidation) will be
held at the offices of Bentleys MRI, Level 7, 114 William
Street, Melbourne on the 8th of October 2004 at 11:00 a.m. for
the purpose of laying before the meeting an account of the
liquidators' acts and dealings, and of the conduct of the
winding up.

Dated this 31st day of August 2004

B. A. Secatore
Liquidator
Bentleys MRI
114 William Street,
Melbourne Vic 3000


PROPRIETARY LIMITED: To Declare Final Dividend on September 29
--------------------------------------------------------------
A final dividend is to be declared on September 29, 2004 for
Proprietary Limited (In Liquidation).

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims.  If they do not, they will be excluded
from the benefit of the dividend.

Dated this 30th day of August 2004

Michael Scales
Liquidator
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


RASNAB OFFICE: Sets October 1 as Date of Final Meeting
------------------------------------------------------
A final combined meeting of the members and creditors of Rasnab
Office Concepts Pty Ltd (In Liquidation) will be held at the
offices of Knights Insolvency Administration, Level 14, 241
Adelaide Street, Brisbane Qld 4000 on October 1, 2004 at 10:00
a.m.

AGENDA

To receive an account made up by the Liquidator showing how the
winding up has been conducted, how the property of the company
has been disposed of, and to receive any explanation required
thereof and any other business.

Dated this 23rd day of August 2004

Jonathan P. Mcleod
Joint and Several Liquidator


SANTOS LIMITED: Requests Suspension of RCPS from Quotation
----------------------------------------------------------
In a disclosure to the Australian Stock Exchange, Santos Limited
announced that its Reset Convertible Preference Shares have been
suspended from quotation at its request and in accordance with
the company's announcements of August 24, 2004 pending their
redemption on September 30, 2004.

CONTACT:

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


TRAFAL PTY: Creditors Must Submit Claims by September 28
--------------------------------------------------------
A final dividend is to be declared on October 1, 2004 for Trafal
Pty Ltd (In Liquidation).  

Creditors whose debts or claims have not already been admitted
are required on or before September 28, 2004 to formally prove
their debts or claims. If they do not, they will be excluded
from the benefit of the dividend.

Dated this 7th day of September 2004

Guy Edwards
Liquidator
Trafal Pty Ltd (in liquidation)
Ernst & Young
Level 27, 120 Collins Street,
Melbourne Vic 3000


WOODSIDE PETROLEUM: Books 1H 2004 Profit of AU$724.6Mln
-------------------------------------------------------
Woodside Petroleum Limited released on its website its 2004 Half
Yearly Report.

Profit Increase

First half (1H) 2004 net profit after tax (NPAT) was AU$724.6
million compared to the 1H 2003 NPAT of AU$272.2 million. The 1H
result includes a significant item of AU$373.6 million (post-
tax) being profit on the sale of a 40 percent interest in the
Enfield oil project and WA-271-P.

Revenue Increase

The underlying NPAT (pre-significant items) of AU$351.0 million
was up 29 percent with contributions from unrealized foreign
exchange gains. Revenue benefits from a 22 percent increase in
average realised oil prices were largely offset by a 19 percent
increase in the average AU$/US$ exchange rate.

Production On Target

The 2004 production target is unchanged at 58 million barrels of
oil equivalent (MMboe).  First half production of 28Mmboe is
expected to be exceeded in the second half of 2004.

To view a copy of the report, click
http://bankrupt.com/misc/WOODSIDEPETROLEUM092704.pdf

CONTACT:

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


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


BANK of CHINA: Increases Efforts to Draw Investors
--------------------------------------------------
Bank of China (BOC), the country's top foreign lender, is
ramping up efforts to gain strategic investments from
institutional investors ahead of a planned stake sale next year,
The Standard reports.

BOC Executive Assistant President Zhu Min, who is in charge of
preparing the bank for the stock sale, confirmed the bank is set
to introduce a foreign group as an investor. However, it will
not rule out investment by domestic firms.

Mr. Zhu's comments suggest BOC's attempts to sell minor stakes
to foreign investors are proving trickier than expected.

China Construction Bank (CCB), the other big four lender
preparing for a 2005 stock sale, has disposed of a 4.1-percent
stake jointly for CNY8 billion (HK$7.54 billion) to three big
government-controlled firms.

State Grid, Baoshan Steel and Yangtze Power are firms closely
held by powerful government officials and far removed from the
country's growing private sector.

BOC has formerly discussed bringing in more than half a dozen
institutions as investors, including investment banks and major
commercial banking institutions.

But for once Beijing's siren calls may have been unheeded.

Investors will be aware that the purchase of even a small stake
will cost several hundred million dollars, and is unlikely to
present them with a seat on the board.

CONTACT:

Bank of China
1 Fuxingmen Nei Dajie
Beijing, 100818, China
Phone: +86-10-6659-6688
Fax: +86-10-6601-4024
http://www.bank-of-china.com


PACMUR SHIPPING: Creditors To Submit Claims by October 25
---------------------------------------------------------
Notice is hereby given that the Creditors of Pacmur Shipping
Limited, which is being voluntarily liquidated, are required on
or before the 25th day of October 2004 to send their names,
addresses and descriptions, full particulars of their debts or
claims, as well as the names and addresses of their solicitors
(if any) to the undersigned.

If so required by notice in writing from the said liquidators,
they are to prove their 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 the funds available or any
part thereof to the Members.

Dated this 24th day of September 2004

Chung Miu Yin Diana
Yeung Betty Yuen
Joint and Several Liquidators
24th Floor, Prince's Building
10 Chater Road, Central
Hong Kong


SINO PLACE: Enters Winding Up Proceedings
-----------------------------------------
Notice is hereby given that a Petition for the Winding up of
Sino Place Limited by the High Court of Hong Kong Special
Administrative Region was on the 6th day of September 2004
presented to the said Court by Bank of China (Hong Kong) Limited
whose registered office is situated at 14th Floor, Bank of China
Tower, 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.

Anthony Chiang & Partners
Solicitors for the Petitioner
3903 Tower 2, Lippo Centre
89 Queensway
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 12th day of
October 2004.


STAR WORLD: Winding Up Hearing Set October 20
---------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Star World Telecom Limited (formerly known as Star World
Enterprises Limited) by the High Court of Hong Kong Special
Administrative Region was on the 1st day of September 2004
presented to the said Court by Bank of China (Hong Kong) Limited
whose registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 20th 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.

W. I. Cheung & Co
Solicitors for the Petitioner
Rooms 2505-10, Wing On House
71 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 19th day of
October 2004.


UPPERMOST INTERNATIONAL: Court To Hear Winding Up Petition
----------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Uppermost International Investment 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 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.

K. W. Ng & Co.
Solicitors for the Petitioner
11th Floor, Wings Building
110 Queen's Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 12th day of
October 2004.


WUN TUNG: Winding Up Hearing Slated for October 13
--------------------------------------------------
Notice is hereby given that a Petition for the Winding up of Wun
Tung (Brothers) Investment 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 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.

K. W. Ng & Co.
Solicitors for the Petitioner
11th Floor, Wings Building
110 Queen's Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 12th day of
October 2004.


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


BANK NEGARA: Divestment Issue Could Affect Government Holdings
--------------------------------------------------------------
The Indonesian government will dispose of its remaining minority
stake in other state banks this year if the House of
Representatives rejects the proposal to divest Bank Negara
Indonesia (BNI), relates The Jakarta Post.

If the BNI divestment plan is not approved, the state will be
forced to sell its minority stake in Bank Central Asia (BCA),
Bank Niaga and Bank Danamon.

Head of agency for the analysis of economics, finance and
international cooperation at the Ministry of Finance, Anggito
Abimanyu, confirmed the house had previously granted permission
to sell off the government's minority shares in the three banks.

In a bid to raise cash to narrow the country's widening budget
deficit, the government earlier proposed to sell a 30-percent
stake in BNI to public investors in October. The sale is part of
this year's privatization program aimed to generate a total of
IDR5 trillion (US$545.85 million) in cash. To date, the
government has raised IDR3.5 trillion in privatization proceeds.

The government has had difficulty obtaining approval from the
House for the BNI divestment scheme as some lawmakers continued
to oppose the plan.

The House is scheduled to convene today to decide on the
proposal.

CONTACT:

Pt Bank Negara Indonesia Terbuka
Jalan Jenderal Sudirman Kav 1
Jakarta, 10220
Indonesia
Phone: +62 21 2511946
       +62 21 2511214
Web site: www.bni.co.id


PERTAMINA: To Cut Back on 2005 Finances by IDR1 Trillion
--------------------------------------------------------
State oil and gas firm PT Pertamina will try to economize on its
finances by IDR1 trillion in 2005, Asia Pulse says.

Pertamina President Widja Purnama confirmed that the oil firm
has started taking "efficiency promoting measures" and boosting
its performance in different business sectors.

According to Mr. Widja, "efficiency promoting measures" is the
most feasible option for Pertamina to develop into a profitable
state enterprise in the coming years.

The company, he added, will determine how much fuel oil it needs
to buy each year to meet the domestic needs.

Recently, Pertamina spent a substantial amount reaching US$1.5
billion to US$1.8 billion on fuel import.

If these imports could be lessened, such step would contribute
to Pertamina's retrenchment program.

And in the fulfillment of the retrenchment plan, Mr. Widja said
he will never tolerate corruption practices by any Pertamina
official or employee.

"I will not hesitate firing official or employee who have
indulged in misusing their authority or position at the expense
of the company," he said.

CONTACT:

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


TEXMACO GROUP: JSX Clarifies Delisting Report
---------------------------------------------
The Jakarta Stock Exchange announced Friday that textile
producer PT Texmaco Jaya will not be delisted from the bourse,
The Jakarta Post reports.

According to JSX President Director Erry Firmansyah, the
companies currently undergoing the delisting process were
engineering firm PT Texmaco Perkasa Engineering and plastic
producer PT Wahana Jaya Perkasa.

"Texmaco Jaya will remain on the bourse, along with the group's
other listed unit PT Polysindo Eka Perkasa. It is Texmaco
Perkasa and Wahana Jaya that are likely to be delisted," said
Mr. Erry.

It was reported earlier that Texmaco Jaya was among the
companies scheduled for delisting by the bourse next month as it
was determined that the firm lacks funds to sustain its
operations.

However, Texmaco Jaya clarified that it was still in operation
and was not included for delisting, as confirmed by a meeting
between the company and the JSX management on September 22.

The Texmaco Group, mired in debt following the 1997 Asian
financial crisis, received a bailout from the government,
leaving some of its companies near bankruptcy.


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


BINGO MACHI: Enters Bankruptcy
------------------------------
According to Teikoku Databank America, Bingo Machi Kaihatsu K.K.
has entered bankruptcy. The firm, engaged in real estate
leasing, has total liabilities of US$66.67 million. Bingo Machi
based in Ichikawa-Shi, Chiba 272-0034.

For more information, visit http://www.teikoku.com/.


MATSUSHITA ELECTRIC: To Supply Software to Comcast
--------------------------------------------------
Matsushita Electric Industrial Co. has forged a deal with
largest U.S. cable operator Comcast Corporation to supply core
software to be used for cable television Internet services in
the United States, The Japan Times reveals.

The software, which permits users to receive the Internet and
interactive services through cable TVs, will be installed in
digital cable set-top boxes to be built for Comcast.

In the United States, where cable TV services have become
increasingly digitized, users can add the functions of digital
TVs to their cable TVs by installing the software in receivers.

CONTACT:

Matsushita Electric Industrial Co., Ltd.
1006 Oaza Kadoma
Kadoma, Osaka 571-8501, Japan
Phone: +81-6-6908-1121
Fax: +81-6-6908-2351
Web site: http://matsushita.co.jp


RESONA HOLDINGS: Mulls Tie-up with Bangkok Bank
-----------------------------------------------
Resona Holdings Incorporated has clinched a deal with Bangkok
Bank in the lending business for Japanese firms operating in
Thailand, reports Japan Today, citing Kyodo News.

The agreement will allow Resona to review the financial
conditions of Japanese companies that want to borrow money to
finance their investments in the country, enabling Thailand's
top commercial bank to smoothly offer loans to Japanese
investors in the local currency.

Earlier, Resona was reportedly finalizing a brokerage alliance
with Nomura Holdings Incorporated in order to take advantage of
deregulation that will allow banks to deal in securities. The
tie-up will allow Nomura to access Resona's lucrative client
base.

CONTACT:

Resona Holdings, Inc.
2-1, Bingomachi 2-chome, Chuo-ku
Osaka, 540-8608, Japan
Phone: +81-6-6271-1221
Fax: +81-6-6268-1337
Web site: http://www.resona-hd.co.jp


UFJ HOLDINGS: Unveils Management Revitalization Plan
----------------------------------------------------
UFJ Holdings Incorporated (UFJ Group) has on Friday released a
plan for management revitalization reprinted below:

"UFJ Group now expects a net loss due to greater-than-expected
credit costs as a result of accelerated business restructuring
of borrowers aimed at resolving the problem loan issue. Due to
the net losses of the subsidiary banks, the holding company also
anticipates posting a net loss on non-consolidated basis and
suspending dividend, as shares in the subsidiary banks are
required to be re-evaluated upon the recognition of losses.

"However, UFJ would like to remind stakeholders that the
anticipated losses come as a direct result of continued efforts
to deal with large troubled borrowers. UFJ fully expects that
credit costs after this fiscal year will return to normalized
levels. Also, it will improve its profitability by completing
financial revitalization.

"UFJ Group concluded a basic agreement with regard to the
management integration with MTFG on August 12, 2004 subject to
receiving approval from the relevant authorities as stipulated
by law. The integration is targeted for completion by October 1,
2005.

"UFJ Group is now still at an early stage of merger preparation
and synergies and cost reductions have yet to be discussed in
the course of merger discussion going forward. Since we cannot
incorporate merger effect into our plans at this moment of time,
we have formulated plans for the period before the management
integration. (For FY 2004 and 2005)

We position the period before the management integration with
MTFG as the time period for fundamental management reforms.
Through actions to achieve the final solution of problem loan
issues, the UFJ Group will improve profitability by
accomplishing financial revitalization. We will ensure the
repayment of public funds through enhancement of corporate value
and further improvement in profitability by the management
integration with MTFG.

"After the management integration we will further improve
profitability as a new group. Thus as the management integration
progresses, we will formulate revised plans to revitalize
management with more concrete figures on integration effect.

"If there are, or are expected to be, significant changes in the
items given in this Plan, we will revise the Plan without
delay."

To view the full document, click on:
http://bankrupt.com/misc/TCRAP_UFJHOLDINGS092704.pdf

CONTACT:

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


UFJ HOLDINGS: TSE Requests "Improvement Report"
-----------------------------------------------
UFJ Holdings Incorporated announced in a press release that it
has received on Friday a request from the Tokyo Stock Exchange
to submit an "Improvement Report" based upon the Rules on Timely
Disclosure of Corporate Information by Issuer of Listed Security
and the like ("Rules on Timely Disclosure") with regard to the
matter set forth below.

UFJ shall sincerely respond to the request from TSE.

Reason for the request from TSE to submit an "Improvement
Report":

The earnings announcement by UFJ on May 24, 2004 was
substantially different from the revised forecasts announced on
April 28, 2004. Regarding this matter, TSE finds it necessary
for UFJ to improve the framework for the proper and timely
disclosure and requests UFJ to submit an Improvement Report with
a description of the background and measures for improvement in
accordance with the Rules on Timely Disclosure.


UFJ HOLDINGS: Extends Merger Offer to June 30
---------------------------------------------
Sumitomo Mitsui Financial Group has extended to June 30 its one-
to-one share exchange offer for UFJ Holding Incorporated,
reports The Japan Times.

Sumitomo Mitsui notified UFJ its decision to extend the validity
period from the original deadline of September 24.

The deadline was proposed on the assumption that Sumitomo Mitsui
would be ready to inject a huge amount into UFJ's depleted
capital base by September 30.

In August, Sumitomo Mitsui offered to integrate its banking
group with UFJ's on a one-to-one share ratio.

However, UFJ was firm on its proposed merger with Mitsubishi
Tokyo Financial Group in October next year, contingent on
approval at a UFJ shareholder's general meeting slated for June.

On September 10, Mitsubishi Tokyo infused JPY700 billion into
UFJ Bank two weeks ahead of schedule to bolster the bank's
capital base and secure its chances of integrating with the UFJ
group through the purchase of preferred shares issued by UFJ
Bank.

However, Sumitomo suggested in a September 10 statement it may
wage a proxy fight with Mitsubishi Tokyo at the UFJ's
shareholders' meeting in June.

The statement said, "We will consider specific measures,
including talking directly to UFJ shareholders, to realize an
integration with the UFJ group."


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


HYNIX SEMICONDUCTOR: Slapped With KRW2Bln Fine
----------------------------------------------
The Securities and Futures Commission (SFC) announced in a press
release dated September 23 that it has imposed sanctions against
Hynix Semiconductor Inc. for the accounting violations
discovered by the Financial Supervisory Service after an
extensive audit review of the company's financial statements.

The sanctions announced include: a monetary fine of KRW2 billion
against the company, referral of the former CEO of the company
to the Prosecutors' Office for criminal penalties, a signed
pledge of compliance by the current CEO, monetary fines totaling
KRW770 million against the company's outside auditor and a
recommendation for suspension of future audits for two
individual auditors.

The monetary fines imposed on the company and its outside
auditor by the SFC will be finalized by the Financial
Supervisory Commission.  

Hynix Semiconductor Inc. was found to have overstated its assets
by reporting interest and other expenses as assets for
construction-in-progress for the accounting years from 1996 to
1999 and reported depreciation expenses and asset impairment
losses from the inflated assets during 2000-2003.

The company also improperly deferred selling and administrative
expenses from the applicable accounting period.  For the fiscal
year 2003, Hynix also misreported as non-operating expenses
(rather than as an adjustment to the retained earnings) error
corrections totaling KRW568.1 billion from the previous year and
made improper footnote entries.

The SFC noted that the accounting violations that occurred prior
to 2003 have been appropriately addressed and that the company's
balance sheet for the fiscal year 2003 did not contain
overstated assets or understated liabilities. In addition,
Hynix's financial statements beginning with the fiscal year 2004
are not expected to be affected by the previous accounting
violations.

The SFC also noted that the sanctions issued against Samil,
Hynix's outside auditor, were fully warranted given the
auditor's failure to properly account for the numerous
shortcomings that have been found in Hynix's books for several
years and appropriately reflect in its audit opinion for 2003
past accounting improprieties and incorrect footnote entries.

CONTACT:

Hynix Semiconductor Inc. (HIS)
891 Daechi-dong, Kangnam-gu,
Seoul, Korea
Telephone: 82-2-3459-3470   
Fax: 82-2-3459-5987/8
Web site: http://www.hynix.com


KOOKMIN BANK: Completes List of Candidates for Next President
-------------------------------------------------------------
The bank's recommendation committee drew up a complete list of
candidates for Kookmin Bank's next president last Friday, Asia
Pulse reports.

"We completed a pool of candidates last Friday," a committee
member said. "After the holiday, we will pick a final candidate
and recommend him to the board."

Incumbent President Kim Jung-tae's term will end on October 31.  
He is not allowed to seek for reelection for Korea's financial
regulator currently slapped him with a disciplinary warning for
the bank's accounting irregularities last year.

Bank presidents are barred from seeking a second term if levied
with a disciplinary warning or more severe punishments.

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


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


ANCOM BERHAD: Purchases 47,300 Ordinary Shares on Buy Back
----------------------------------------------------------
Ancom Berhad announced the details of its shares buy back on
September 24, 2004.

Date of buy back from: 14/09/2004

Date of buy back to: 22/09/2004

Total number of shares purchased (units): 47,300

Minimum price paid for each share purchased (RM): 0.780

Maximum price paid for each share purchased (RM): 0.800

Total amount paid for shares purchased (RM): 37,556.37

The name of the stock exchange through which the shares were
purchased: BURSA MALAYSIA SECURITIES BERHAD

Number of shares purchased retained in treasury (units): 47,300

Total number of shares retained in treasury (units): 4,808,700

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

Total issued capital as diminished: 201,856,767

Date lodged with registrar of companies: 24/09/2004

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

CONTACT:

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


ANTAH HOLDINGS: Releases Default Status Update
----------------------------------------------
Antah Holdings Berhad announced that there is no further
development of the default in payments of the various credit
facilities to the financial institutions and non-financial
institutions for the period from 26 August 2004 to 25 September
2004.

CONTACT:

Antah Holdings Berhad
Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights 50490
Kuala Lumpur
Telephone no: 03-20849000
Facsimile no: 03-20949940

This announcement is dated 24 September 2004.


AOKAM PERDANA: Bursa Malaysia OKs Rescue Scheme Extension
---------------------------------------------------------
On behalf of Aokam Perdana Berhad, Southern Investment Bank
Berhad announced that the Bursa Malaysia Securities Berhad had
via its letter dated 21 September 2004 approved the Company's
application for an extension of six (6) months from the re-
quotation/listing date, upon completion of the Rescue Scheme, to
comply with the public shareholding spread requirements.

With regards to the requirement to comply with the 25% public
shareholding spread in accordance with paragraph 8.15(1) of the
Listing Requirements of the Bursa Securities, the vendors of Key
Heights Sdn Bhd, being the company to be acquired by Aokam
pursuant to the Rescue Scheme, have undertaken to procure the
placement of Aokam shares to comply with the 25% public
shareholding spread.

The Company expects to meet the 25% public shareholding spread
requirement within six (6) months from the re-quotation/listing
date upon completion of the Rescue Scheme.

The Company will make the necessary announcements upon
fulfilling the public shareholding spread requirement pursuant
to paragraph 8.15(1) of the Listing Requirements of Bursa
Securities.

CONTACT:

Aokam Perdana Berhad
189 Jalan Tun Razak
Kuala Lumpur, 50400
MALAYSIA
Telephone: +60 3 2166 3466
Telephone: +60 3 2166 3455

This announcement is dated 24 September 2004.


CEPATWAWASAN GROUP: Issues Litigation Update
--------------------------------------------
Further to the announcement on 9 September 2004, the Board of
Directors of Cepatwawasan Group Berhad announced that the
Originating Summons No. D2-24-226-2004 against the 4 previous
directors, namely:

(1) Tengku Dato' Kamal Ibni Sultan Sir Abu Bakar (NRIC: 611008-
06-5021)

(2) Lt Kol Tengku Dato' Kamarul Zaman Ibni Sultan Sir Abu Bakar
(NRIC: 621104-06-5135)

(3) Kassim bin Mohamed Ali (NRIC: 570718-10-5915)

(4) Abdul Rahim bin Sendiri (NRIC: 460708-06-5203)
(Defendants) came up for mention on 23 September 2004. The
Learned Judge has fixed 28 September 2004 for the counsels of
the Plaintiff and Defendants to submit written submission and 29
September 2004 for the Learned Judge to deliver the decision.

This Bursa Malaysia announcement is dated 24 September 2004.


CONSOLIDATED FARMS: Posts Practice Note No. 1/2001 Update
---------------------------------------------------------
Further to the monthly status announcement under Practice Note
No. 1/2001 on September 17, 2004, the Board of Consolidated
Farms Berhad (Confarm) 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 below.

The Company and its financial advisors, Deloitte Corporate
Solutions Sdn Bhd (formerly known as 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.

Table 1

Additional Amount of Principal and/or Interest Due from 18
September 2004 to 24 September 2004

Lender             Borrower  Additional Amount    Type of
Facilities
                             Due from 18 Sept
                             2004 to 24 Sept
                             2004 (RM'000)

Malayan Banking   Confarm    130.0                Bankers'
Acceptance
Berhad

Bumiputra-Commerce Consolidated 103.2                Term Loan
Bank Berhad       Breeder Farms Sdn


Total                           233.2  

Note: The above figures are based on the respective companies'
records and exclude any penalty interest that may be charged by
the respective lenders.

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 24 September 2004.


DATAPREP HOLDINGS: Granted Listing of 47,874 Ordinary Shares
------------------------------------------------------------
Dataprep Holdings Berhad's additional 47,874 new ordinary shares
of RM1.00 each arising from the Conversion of RM71,812 nominal
amount of 4% 3-Year Irredeemable Convertible Unsecured Loan
Stocks 2002/2005 will be granted listing and quotation with
effect from 9.00 a.m., Wednesday, 29 September 2004.

CONTACT:

Dataprep Holdings Berhad
Lot 69-73, Jalan Setiabakti
Bandar Damansara
50490 Kuala Lumpur, WP
Malaysia
Tel no: 603-2539625
Fax no: 603-2539620


FABER GROUP: Issues Additional 140,800 Ordinary Shares
------------------------------------------------------
Faber Group Berhad's additional 140,800 new ordinary shares of
RM1.00 each issued pursuant to the conversion of RM281,600
nominal value of 2000/2005 irredeemable convertible unsecured
loan stocks into 140,800 new ordinary shares will be granted
listing and quotation with effect from 9.00 a.m., Tuesday, 28
September 2004.

CONTACT:

Faber Group Berhad
20th Floor
Menara 2 Faber Towers,
Jalan Desa Bahagia
Taman Desa, Off Jalan Klang Lamas
58100 Kuala Lumpur
Telephone: 03-76282888
Fax: 03-76282828


HUME INDUSTRIES: AGM Set for October 19
---------------------------------------
Hume Industries (Malaysia) Berhad announced that its
Extraordinary General Meeting (EGM) will be held at the
Theatrette, Level 1, Wisma Hong Leong, 18 Jalan Perak, 50450
Kuala Lumpur on Tuesday, 19 October 2004 immediately upon the
conclusion of the 45th Annual General Meeting of the Company to
be held at 11 a.m. on the same day, for the purpose of
considering and, if thought fit, passing with or without
modifications, the resolutions as set out in the notice of EGM
at http://bankrupt.com/misc/tcrap_humeindustries092704.pdf

CONTACT:

Hume Industries (Malaysia) Berhad
18 Jalan Perak
Kuala Lumpur, 50450
MALAYSIA
+60 3 2164 2631
+60 3 2164 2514

This announcement is dated 24 September 2004.


INTAN UTILITIES: Releases Update On Mandatory Takeover Offer
------------------------------------------------------------
Intan Utilities Berhad refers to the Mandatory Take-over Offer
by Vista Meranti Sdn Bhd, being the offeror pursuant to the
mandatory take-over offer (the Offeror) and a substantial
shareholder of Intan Utilities Berhad (the Offeree), parties
acting in concert with the Offeror and directors of the Offeree
as set out in the Offer Document dated 8 September 2004
(collectively the Parties).

The details of the dealings in the Affected Security by the
Parties are set out in Table 1 at
http://bankrupt.com/misc/tcrap_intan092704.doc

CONTACT:

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

This announcement is dated 24 September 2004.


JIN LIN: SC Issues Public Reprimand, Fine
-----------------------------------------
Bursa Malaysia Securities Berhad in consultation with Securities
Commission (SC), publicly reprimanded and imposed a total fine
of RM372,500 on Jin Lin Wood Industries Berhad (JINLIN) for
breaches of paragraphs 9.22(1), 9.23(a) and 9.23(b) of the Bursa
Malaysia Securities Berhad Listing Requirements (Bursa
Securities LR).

Pursuant to paragraph 9.22(1) of the Bursa Securities LR, a
listed issuer must give Bursa Securities for public release, an
interim financial report that is required on a quarterly basis
as soon as the figures have been approved by the board of
directors of the listed issuer, and in any event not later than
2 months after the end of each quarter of a financial year.

JINLIN had breached paragraph 9.22(1) of the Bursa Securities LR
in respect of the following:

(a) Failure to submit quarterly report for the period ended 30
September 2003 within the timeframe. The due date for submission
was on 30 November 2003 and JINLIN only submitted the quarterly
report on 21 April 2004, after a delay of approximately 5
months.

(b) Failure to submit quarterly report for the period ended 31
December 2003 within the timeframe. The due date for submission
was on 29 February 2004 and JINLIN only submitted the quarterly
report on 21 April 2004, after a delay of 38 market days.

Pursuant to paragraph 9.23(b) of the Bursa Securities LR, a
listed issuer must ensure that the annual audited accounts
together with the auditors' and directors' report shall, in any
case, be given to Bursa Securities for public release, within a
period not exceeding 4 months from the close of the financial
year of the listed issuer unless the annual report is issued
within a period of 4 months from the close of the financial year
of the listed issuer.

JINLIN had breached paragraph 9.23(b) of the Bursa Securities LR
for failure to submit its annual audited accounts for the
financial year ended 30 June 2003 within the timeframe. The due
date for submission was on 31 October 2003 and JINLIN only
submitted the annual audited accounts on 31 March 2004, after a
delay of 5 months.

Pursuant also to paragraph 9.23(a) of the Bursa Securities LR, a
listed issuer must ensure that the annual report shall be issued
to the listed issuer's shareholders and given to Bursa
Securities within a period not exceeding 6 months from the close
of the financial year of the listed issuer.

JINLIN had breached paragraph 9.23(a) of the Bursa Securities LR
for failure to submit its annual report for the financial year
ended 30 June 2003 within the timeframe. The due date for
submission was on 31 December 2003 and JINLIN only submitted the
annual report on 1 July 2004, after a delay of 6 months.

The public reprimand and fine were imposed pursuant to Paragraph
16.17 of the Bursa Securities LR after taking into consideration
all relevant factors and after consultation with the SC.

The total fine of RM372,500 for the above breaches of the Bursa
Securities LR comprised of the following:-

(a) RM100,000 for breach of paragraph 9.22(1) of the Bursa
Securities LR for failure to submit quarterly report for the
period ended 30 September 2003 within the timeframe.

(b) RM47,500 for breach of paragraph 9.22(1) of the Bursa
Securities LR for failure to submit quarterly report for the
period ended 31 December 2003 within the timeframe.

(c) RM100,000 for failure to submit annual audited accounts for
the financial year ended 30 June 2003 within the timeframe

(d) RM125,000 for failure to submit annual report for the
financial year ended 30 June 2003 within the timeframe.

Previous public reprimands

On 12 December 2003, JINLIN was publicly reprimanded by Bursa
Securities for breach of paragraph 9.03, in particular paragraph
9.03(1) of the Bursa Securities LR and paragraph 9.04(f) of the
Bursa Securities LR for failing to make immediate announcements
in respect of the following:

(i) the Writ of Summons dated 17 June 2002 in relation to the
claim by Bumiputra-Commerce Bank Berhad against Syarikat
Mustapha & NGU Timber Sdn Bhd (SMNT) and JINLIN which was served
on 3 July 2002. The announcement was only made by JINLIN on 29
August 2002, after a delay of 41 market days.

(ii) the Judgment in Default of Appearance dated 24 July 2002
obtained by Bumiputra-Commerce Bank Berhad against SMNT and
JINLIN which was served on 1 July 2002. The announcement was
only made by JINLIN on 29 August 2002, after a delay of 20
market days. In this respect, a fine of RM25,000 was also
imposed on JINLIN.

(iii) the Writ of Summons dated 22 June 2002 in relation to the
claim by Affin Bank Berhad against SMNT and JINLIN which was
served on 18 July 2002. The announcement was only made by JINLIN
on 29 August 2002, after a delay of 30 market days.

(iv) the Originating Summons dated 3 July 2002 by Affin Bank
Berhad against Akitiasa Sdn Bhd (ATSB) for an order for sale of
ATSB's land which was served on 18 July 2002. The announcement
was only made by JINLIN on 29 August 2002, after a delay of 30
market days.

JINLIN was also publicly reprimanded for breaches of paragraph
9.04(l) of the Bursa Securities LR and paragraph 2.1(d) of
Practice Note No. 1/2001 (PN1) in respect of the following:-
(i) the default in payment of the credit facility by SMNT and
JINLIN to Bumiputra-Commerce Bank Berhad on 23 May 2002. The
announcement was only made by JINLIN on 29 August 2002, after a
delay of 3 months.

(ii) the default in payment of the credit facility by SMNT and
JINLIN to Affin Bank Berhad on 5 June 2002. The announcement was
only made by JINLIN on 29 August 2002, after a delay of 2.5
months.

(iii) the default in payment of the credit facility by ATSB to
Affin Bank Berhad on 5 June 2002. The announcement was only made
by JINLIN on 29 August 2002, after a delay of 2.5 months.

On 9 July 2004, JINLIN was publicly reprimanded and fined
RM10,000 for breaches of paragraph 9.03, in particular paragraph
9.03(1) of the Bursa Securities LR and paragraph 9.04(f) of the
Bursa Securities LR for failing to make immediate announcements
in respect of the following:

(i) the Writ of Summons dated 27 August 2003 in relation to the
claim by Mulpha International Berhad against the Company's
wholly-owned subsidiary, Jin Lin Trading Sdn Bhd (JLT) and the
Managing Director of the Company, Mr. Ko Kung Hai which was
served on 29 September 2003. The announcement was only made by
JINLIN on 23 October 2003, after a delay of 18 market days.

(ii) the Writ of Summons dated 2 September 2003 in relation to
the claim by the Government of Malaysia against JLT which was
served on 6 November 2003. The announcement was only made by
JINLIN on 20 November 2003, after a delay of 10 market days.

Bursa Securities views this contravention seriously and hereby
cautions JINLIN and its Board of Directors on their
responsibility to maintain appropriate standards of corporate
responsibility and accountability in order to achieve greater
disclosure and transparency to its shareholders and the
investing public.

CONTACT:

Jin Lin Wood Industries Berhad
177, 2nd Floorn
Taman Sri Dagang
P O Box 3181
97013 Bintulu, Sarawak
Tel: 086-334661/335570
Fax: 086-330866/334808


JOHAN HOLDINGS: Unveils 2004 Quarterly Report
---------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Johan
Holdings Berhad released its quarterly report for the financial
period ended July 31, 2004.


              SUMMARY OF KEY FINANCIAL INFORMATION
                            31/07/2004

         INDIVIDUAL PERIOD        CUMULATIVE PERIOD
CURRENT YEAR  PRECEDING YEAR CURRENT YEAR PRECEDING YEAR
     QUARTER  CORRESPONDING   TO DATE     CORRESPONDING
                QUARTER                    PERIOD
  
            31/07/2004 31/07/2003    31/07/2004    31/07/2003
               RM'000    RM'000       RM'000        RM'000

1  Revenue     452,248   429,380      937,199       833,873

2  Profit/(loss) before tax  
               112       -4,426       -1,321       -17,796

3  Profit/(loss) after tax and minority interest  
              -899       -7,465       -3,429       -19,202

4  Net profit/(loss) for the period
              -899       -7,465       -3,429      -19,202

5  Basic earnings/(loss) per shares (sen)  
             -0.18         -2.41       -0.67      -6.21

6  Dividend per share (sen)  
              0.00          0.00        0.00       0.00

                     AS AT END OF    AS AT PRECEDING
                     CURRENT        FINANCIAL YEAR
                     QUARTER

7  Net tangible assets per share (RM)  

                    0.3862             0.3881

CONTACT:

Johan Holdings Berhad (314-K)
Suite 4.2, Level 4, Block C, Plaza Damansara,
No. 45, Jalan Medan Setia 1, Bukit Damansara,
50490 Kuala Lumpur, MALAYSIA.
Phone: 603-252 1858
Fax: 603-252 2812
e-mail: jhb@johanholdings.com.my


KRAMAT TIN: Seeks Scheme of Arrangement Extension
-------------------------------------------------
Reference is made to the announcements made on behalf of Kramat
Tin Dredging Berhad (KTD) by Commerce International Merchant
Bankers Berhad (CIMB) on 24 April 2004, 25 June 2004 and 4
August 2004 in relation to the proposed members' scheme of
arrangement under section 176 of the Companies Act, 1965.

Commerce International Merchant Bankers Berhad (CIMB), on behalf
of KTD, had on 10 June 2004, sought the approval of Bursa
Malaysia Securities Berhad (formerly known as Malaysia
Securities Exchange Berhad) (Bursa Securities) for an extension
of time by an additional three (3) months up to 24 September
2004 for the Company to submit its Proposals to the relevant
authorities for approval. Bursa Securities had, vide its letter
dated 4 August 2004, approved an extension of time to 24
September 2004 for KTD to submit its Proposals to the relevant
authorities for approvals.

As one of the parties to the Proposals requires additional time
to clarify certain matters relating to the Proposals, CIMB, on
behalf of KTD, had on 24 September 2004, sought the approval of
Bursa Securities for an extension of time by an additional one
(1) month up to 23 October 2004 for the Company to submit its
Proposals to the relevant authorities for approval.

CONTACT:

Kramat Tin Dredging Berhad
No 12 Jalan Gelenggang Bukit Damansara
Kuala Lumpur, 50490
MALAYSIA
+60 3 2092 5588
+60 3 2093 9917

This announcement is dated 24 September 2004.


MBF HOLDINGS: Unit Appoints Liquidator
--------------------------------------
MBf Holdings Berhad (MBfH) disclosed to Bursa Malaysia
Securities Berhad that MBf Auto Accessories Sdn Bhd (MBfA), a
wholly owned subsidiary of MBfH, has been placed under members'
voluntary winding up on September 24, 2004 and that Tam Kok Meng
c/o Messrs Tam & Associates Corporate Services Sdn Bhd, D-8-3,
Level 10, Block D, Menara Uncang Emas, 85 Jln Loke Yew, 55200
Kuala Lumpur has been appointed the Liquidator of MBfA.

INFORMATION ON MBFA

MBfA was incorporated on 9 August 1983 and the principal
activity was the selling of auto accessories. The authorised
share capital of MBfA is RM2,000,000 comprising 2,000,000
ordinary shares of RM1.00 each of which 1,650,000 ordinary
shares have been issued and fully paid-up.

As at 31 August 2004, the shareholders' fund of MBfA is RM25.

MBfA ceased its operation since 1998 and become dormant
thereafter.

RATIONALE FOR THE WINDING UP

The winding up exercise of MBfA is part of the rationalisation
and streamlining exercise of MBfH Group.

FINANCIAL EFFECT OF THE WINDING UP

The winding up of MBfA will not have any material effect to MBfH
Group.

Interests of Directors, Substantial Shareholders and Persons
connected to the Directors and Substantial Shareholders

None of the directors, substantial shareholders and persons
connected to the directors and substantial shareholders of MBfH
have any interest, direct and indirect in the said exercise.

Yours faithfully,
For and on behalf of
MBf Holdings Berhad
Ding Lien Bing
Company Secretary
Date: 24 September 2004

CONTACT:

MBF Holdings Berhad
Suite 1501B Menara Choy Fook On
1B Jalan Yong Shook Lin, Section 7
46050 Petaling Jaya
Telephone: 03-7955 9937
Fax: 03-7956 2812
Web site: http://www.federal-furniture.com


MCM TECHNOLOGIES: Unveils September 24 AGM Outcome
--------------------------------------------------
The Board of Directors of MCM Technologies Berhad announced that
at the Tenth Annual General Meeting (AGM) of the Company held on
24 September 2004, the shareholders of the Company have approved
all the resolutions as set out in the Notice convening the
Meeting issued on 2 September 2004.

SPECIAL RESOLUTION 1

PROPOSED AMENDMENTS TO ARTICLE 2 OF THE ARTICLES OF ASSOCIATION
OF THE COMPANY

THAT, the Articles of Association of the Company be altered in
the following manner:

Article 2 - Interpretation

By substituting the meaning of "Central Depository" and
"Exchange" found in Article 2 with the following:

"Word   Meaning

Depository  Bursa Malaysia Depository Sdn Bhd

Exchange Bursa Malaysia Securities Berhad and shall include
any other stock exchanges upon which the Company's shares may
for the time being be listed"

SPECIAL RESOLUTION 2

PROPOSED AMENDMENTS TO ARTICLE 6(b) OF THE ARTICLES OF
ASSOCIATION OF THE COMPANY

THAT, the Articles of Association of the Company be altered in
the following manner:

Article 6(b)

By substituting for Article 6(b) the following article:

"6(b) No Director shall participate in an issue of shares to
employees unless shareholders in general meeting have approved
of the specific allotment to be made to such Director."

ORDINARY RESOLUTION 1

PROPOSED EMPLOYEES' SHARE OPTION SCHEME (PROPOSED ESOS)

"THAT, subject to the approvals of all relevant authorities,
approval be and is hereby given for the Directors of the
Company:

a) to establish and administer an Employees' Share Option Scheme
(Scheme) for the benefit of the eligible employees and Directors
of the Company and its subsidiary companies which are not
dormant, and to issue options in accordance with the particulars
of which are set out in the Bye-Laws in Appendix I of the
Circular to Shareholders dated 2 September 2004 (which clauses
shall form part of this Resolution);

b) to assent to any conditions, modifications, revaluations,
variation and/or amendment (if any) to the Bye-Laws of the
Proposed ESOS in any manner as may be required or permitted by
the relevant authorities as the Directors deem fair and
expedient;

c) to make such applications as may be necessary at the
appropriate time or times to Bursa Malaysia Securities Berhad
(formerly known as the Malaysia Securities Exchange Berhad) and
any other relevant stock exchange upon which the ordinary shares
of the Company may, for the time being be listed for permission
to deal in and for quotation of any ordinary shares of RM0.10
each ("Shares") in the capital of the Company which may
hereafter from time to time be allotted and issued pursuant to
the Proposed ESOS;

d) to allot and issue from time to time such number of new
Shares in the capital of the Company as may be required pursuant
to the exercise of options under the Proposed ESOS provided that
the aggregate number of ordinary shares to be allotted and
issued does not exceed ten percent (10%) of the total issued and
paid-up share capital of the Company at any point in time during
the duration of the Proposed ESOS or such number of Shares that
may be permitted by the relevant authorities from time to time
during the duration of the Scheme AND THAT such new Shares will
upon such allotment and issue, rank pari passu in all respects
with the existing Shares in the Company except that they shall
not be entitled to any dividends, rights, bonus, allotments
and/or any other distributions which may be declared, made or
paid prior to the allotment date of the new Shares;

e) modify and/or amend the Bye-Laws of the Proposed ESOS from
time to time provided that such modifications and/or amendments
are effected in accordance with the provisions of the Bye-Laws
of the Proposed ESOS and to do all such acts and to enter into
all such transactions, arrangements and agreements as may be
necessary or expedient  in order to give effect to the Proposed
ESOS;  and

f) to extend the Proposed ESOS, if the Board of Directors deems
fit, upon the recommendation of the Option Committee, for up to
a maximum period of an additional five (5) years (Proposed ESOS
Extension) and that the Board of Directors be and are hereby
authorized to implement the Proposed ESOS Extension and to give
full effect to the various arrangements and/or transactions
relating to the Proposed ESOS Extension with full powers to
assent to any conditions, modifications, amendments and/or
variations as may be imposed by the relevant authorities."

ORDINARY RESOLUTION 2

PROPOSED ALLOCATION OF OPTIONS TO TAN SRI DATO' AZMAN HASHIM

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Tan Sri Dato' Azman Hashim, the Non-Executive Chairman
of the Company, options to subscribe for up to a maximum of
2,000,000 new ordinary shares in the Company pursuant to the
Proposed ESOS in accordance with Bye-Law 5.1 and to allot and
issue from time to time, subject always to any adjustments which
may be made in accordance with the Bye-Laws governing and
constituting the Proposed ESOS."

ORDINARY RESOLUTION 3

PROPOSED ALLOCATION OF OPTIONS TO SOO KIM WAI

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Soo Kim Wai, the Non-Executive Director of the Company,
options to subscribe for up to a maximum of 2,000,000 new
ordinary shares in the Company pursuant to the Proposed ESOS in
accordance with Bye-Law 5.1 and to allot and issue from time to
time, subject always to any adjustments which may be made in
accordance with the Bye-Laws governing and constituting the
Proposed ESOS."

ORDINARY RESOLUTION 4

PROPOSED ALLOCATION OF OPTIONS TO SHALINA AZMAN

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Shalina Azman, the Non-Executive Director of the
Company, options to subscribe for up to a maximum of 2,000,000
new ordinary shares in the Company pursuant to the Proposed ESOS
in accordance with Bye-Law 5.1 and to allot and issue from time
to time, subject always to any adjustments which may be made in
accordance with the Bye-Laws governing and constituting the
Proposed ESOS."

ORDINARY RESOLUTION 5

PROPOSED ALLOCATION OF OPTIONS TO LEE KEEN PONG

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Lee Keen Pong, the Non-Executive Director of the
Company, options to subscribe for up to a maximum of 2,000,000
new ordinary shares in the Company pursuant to the Proposed ESOS
in accordance with Bye-Law 5.1 and to allot and issue from time
to time, subject always to any adjustments which may be made in
accordance with the Bye-Laws governing and constituting the
Proposed ESOS."

ORDINARY RESOLUTION 6

PROPOSED ALLOCATION OF OPTIONS TO MEJ. GEN (RTD) DATO' HAJI
FAUZI BIN HUSSAIN

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Mej. Gen (Rtd) Dato' Haji Fauzi Bin Hussain, the
Independent Non-Executive Director of the Company, options to
subscribe for up to a maximum of 2,000,000 new ordinary shares
in the Company pursuant to the Proposed ESOS in accordance with
Bye-Law 5.1 and to allot and issue from time to time, subject
always to any adjustments which may be made in accordance with
the Bye-Laws governing and constituting the Proposed ESOS."

ORDINARY RESOLUTION 7

PROPOSED ALLOCATION OF OPTIONS TO DATO' AB. HALIM MOHYIDDIN

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Dato' Ab. Halim Mohyiddin, the Independent Non-
Executive Director of the Company, options to subscribe for up
to a maximum of 2,000,000 new ordinary shares in the Company
pursuant to the Proposed ESOS in accordance with Bye-Law 5.1 and
to allot and issue from time to time, subject always to any
adjustments which may be made in accordance with the Bye-Laws
governing and constituting the Proposed ESOS."

ORDINARY RESOLUTION 8

PROPOSED ALLOCATION OF OPTIONS TO MICHAEL YAP KIAM SIEW

"THAT, subject to the passing of the Special Resolution 2 and
Ordinary Resolution 1 above and the approvals of the relevant
authorities, the Board of Directors of the Company be and are
hereby authorized, on behalf of the Company, to offer and to
grant to Michael Yap Kiam Siew, the Independent Non-Executive
Director of the Company, options to subscribe for up to a
maximum of 2,000,000 new ordinary shares in the Company pursuant
to the Proposed ESOS in accordance with Bye-Law 5.1 and to allot
and issue from time to time, subject always to any adjustments
which may be made in accordance with the Bye-Laws governing and
constituting the Proposed ESOS."

CONTACT:

MCM Technologies Berhad
Level 3, AMCORP House,
Lot 271, Jalan Dua
Off Jalan Chan Sow Lin
55200 Kuala Lumpur Malaysia
Tel: 603-92221199
     603-92221155
E-mail: info@mcm-tech.com

This announcement is dated 24 September 2004.


PROLEXUS BERHAD: Narrows 4Q04 Net Loss to MY146,000
---------------------------------------------------
Prolexus Berhad posted a net loss of MYR146,000 in the fourth
quarter ended July 31, 2004, according to Dow Jones.

            Figures are in Ringgit (MYR).

                                 2004               2003
Revenue                 MYR39,376,000      MYR39,130,000
Pretax Profit              (1,364,000)        (3,267,000)
Net Profit                   (146,000)        (2,159,000)
Earnings Per Share          (0.37 Sen)         (5.40 Sen)
Dividend                      Omitted            Omitted

   12 months ended July 31:

Revenue                   161,922,000        164,053,000
Pretax Profit              (5,499,000)        (7,321,000)
Net Profit                 (4,682,000)        (5,628,000)
Earnings Per Share         (11.73 Sen)        (14.07 Sen)
Dividend                     1.00 Sen           3.00 Sen

(Figures in parentheses are losses.)

The Groups' principal activities are the manufacturing and
selling of garments and all kinds of children's apparels and the
provision of management services. Garment manufacturing
accounted for 97% of fiscal 2002 gross revenues, retailing, 2%;
services, 1% and investment holding, nominal.  

CONTACT:
Prolexus Berhad
Jalan Sultan Ahmad Shah
51-21-A, MENARA BHL BANK
Penang 10050
MALAYSIA  
Phone: +60 4 227 6888
Fax: +60 4 229 8118
Web site: http://www.onemonday.com/


TALAM CORPORATION: Reveals Status of Properties
-----------------------------------------------
Talam Corporation Berhad disclosed the merger of its property
related businesses with Europlus Berhad as follows:

Talam Corporation Berhad refer to its announcement dated 1 July
2004 on the Securities Commission's (SC) approval for extension
of time from 2 May 2004 to 23 June 2005 for Talam and Europlus
Berhad (Europlus) to comply with conditions imposed by the SC on
certain properties of Talam and Europlus.

Pursuant to the SC's approval for the extension of time, the
Company is required to make an announcement on the status of
compliance with the above be made to Bursa Malaysia Securities
Berhad on a quarterly basis.

The Board of Directors of the Company wishes to announce the
status of the properties as follows:

PROPERTIES DESCRIPTION
  
(1) P.T. 2730, Mukim of Hulu Yam, District of Hulu Selangor
Selangor.

Condition: The ownership of the property must be transferred to
Ulu Yam Golf & Country Club Sdn Bhd

Status: Talam has given an undertaking that it will use its best
endeavour to meet this condition by 23 June 2005.

(2) P.T. 10752, Mukim of Tanjung Dua Belas, District of Kuala
Langat, Selangor
   
Conditions: The ownership of the property must be transferred to
Zillion Development Sdn Bhd

Status: Talam has given an undertaking that it will use its best
endeavour to meet this condition by 23 June 2005.

(3) State Land Lots 610, 615 and reserve land, Section 67, Town
and District of Kuala Lumpur.

Conditions: The outstanding land alienation premium must be
settled.

Status: Talam has given an undertaking that it will use its best
endeavour to meet this condition by 23 June 2005.

(4) P.T. 2220, Mukim of Ampang, District of Hulu Langat,
Selangor

Conditions: The land lease must be duly registered at the
Registry of Title.

Status: Talam has obtained the Selangor State Government's
consent on 17 November 2003 for the transfer of the title to
Bukit Khazanah Sdn Bhd and has    proceeded to render the title
ready to be presented for registration.

CONTACT:

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

This announcement is dated 24 September 2004.
   

TANJONG PUBLIC: Releases Second Interim Dividend Notice
-------------------------------------------------------
Tanjong Public Limited Company announced the details of its
second interim dividend on September 24, 2004.

EX-date :13/10/2004  

Entitlement date :15/10/2004  

Entitlement time :05:00:00 PM  

Entitlement subject :Second interim dividend

Entitlement description: A second interim gross dividend of 12
sen per share less Malaysian Income Tax at 28% (Second Interim
Dividend)

Period of interest payment : to  

Financial Year End :31/01/2005

Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the
entitlements: 16/10/2004 to 18/10/2004

Registrar's name ,address, telephone no:

Principal Registrars:
The Registry
34 Beckenham Road
Beckenham, Kent BR3 4TU
England
Tel No. 020 863 92157

Branch Registrars:
Symphony Share Registrars Sdn Bhd
Level 26, Menara Multi-Purpose
Capital Square
No. 8 Jalan Munshi Abdullah
50100 Kuala Lumpur
Tel No. 603- 2721 2222
Payment date: 29/10/2004

a) Securities transferred into the Depositor's Securities
Account before 4 p.m. in respect of transfers: 15/10/2004

b) Securities deposited into the Depositor's Securities Account
before 12:30 pm in respect of securities exempted from mandatory
deposit: 13/10/2004

c) Securities bought on the Exchange on a cum entitlement basis
according to the Rules of the Exchange.

Number of new shares/securities issued (units) (If applicable):  
Entitlement indicator: RM
Entitlement in RM (RM): 0.12

Remarks

Any employee of the Company who has exercised an option to
subscribe for shares in the Company granted to such employee
under the Tanjong Public Limited Company Employees' Share Option
Scheme No. 2 should note that the shares to be issued upon the
exercise of such option will not confer on any person any
entitlement to the Second Interim Dividend unless as at the
Second Interim Dividend Record Date, such person is recorded as
depositor in respect of such shares in the Record of Depositors.

The Entitlement Time of 5 p.m. stated above refers to local time
in Malaysia and in the United Kingdom.

The times of 4 p.m. and 12:30 p.m. as stated above refer to
Malaysian time.


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


TECHNOLOGY RESOURCES: Unit Enters Winding Up Proceedings
--------------------------------------------------------
Technology Resources Industries Berhad obtained an order from
the High Court of Malaya at Kuala Lumpur to wind-up (Winding-up
Order) its 62% subsidiary Malaysian Motorhomes Sdn. Bhd.

The Winding-up Order also provided for Encik Wan Idris bin Wan
Ibrahim of Messrs Atarek Kamil Ibrahim & Co. of 89-3 Jalan
2/27F, Pusat Bandar Wangsa Maju (KLSC), 53300 Kuala Lumpur to be
appointed as the provisional liquidator for Motorhomes.


TENAGA NASIONAL: Focuses on Debt Reduction Scheme
-------------------------------------------------
Tenaga Nasional Berhad (TNB) (5347.KU) will focus on cutting its
large debt, rather than investing overseas, Dow Jones reports,
quoting Khazanah Nasional Bhd. Chief Executive Azman Mokhtar.

Tenaga is an associate of Khazanah, the government investment
company that is spearheading efforts to make government-linked
firms more efficient and profitable. Tenaga has over MYR30
billion in debt, about half of it in foreign currency.

TNB will have a lot of concentration on both financial and
operational restructuring," Mr. Azman said.

CONTACT:

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


TRU-TECH HOLDINGS: Receives Restraining Order Notice
----------------------------------------------------
On 27 August 2004, Avenue Securities Sdn Bhd (Avenue), on behalf
of Tru-Tech Holdings Berhad, announced that Tru-Tech and its
subsidiaries, namely Tru-Tech Electronics (M) Sdn Bhd and Tru-
Tech Technology Sdn Bhd (Subsidiaries) were granted a
restraining order (RO) from the Johor Bahru High Court (Court)
on 27 August 2004.

Avenue, on behalf of Tru-Tech wishes to announce that Tru-Tech
and the Subsidiaries had on 22 September 2004 received the
sealed RO from the Court.

CONTACT:

Tru-Tech Holdings Berhad
Lot 45, Batu 12, Jalan Johor Bahru
Kota Tinggi, Mukim Plentong,
81800 Ulu Tiram, Johor
Malaysia
Telephone  (60) 3 7861 5220
Fax  (60) 3 7861 7972

This announcement is dated 24 September 2004.


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


MAYNILAD WATER: Employees To Stage Strike This Week
---------------------------------------------------
Majority of the workers at Maynilad Water Services Inc. have
decided to go on strike this week to press management for salary
increases promised to them last January, the Business World
reports.

Employees protested Maynilad's failure to implement their
collective bargaining agreement (CBA), which was affected by a
stay order from the court that prevented all creditors from
making claims against the Lopez-led company.

But workers argued that their CBA with management was outside
the jurisdiction of the rehabilitation court, and so should be
not be affected by the stay order.

The Maynilad Water Sewerage Union-Philippine Transport and
General Workers Organization also insisted that the suspension
of payment order of Judge Reynaldo B. Daway did not cover
administrative expenses like salaries, wages and benefits --
which must be paid "in the normal course of business."

Lawyer Rosario S. Bernaldo, Maynilad's court-appointed
rehabilitation receiver, told a court hearing last September 6
that Maynilad was willing to pay the salary increases. However,
it did not have enough money. Aside from salary adjustments,
Maynilad has not paid emergency cost of living allowances since
January.


PILIPINO TELEPHONE: Clarifies "NTC TO Revoke License" Report
------------------------------------------------------------
This is in reference to the news article entitled "NTC ready to
revoke Piltel license if fees not settled" published in the
September 24, 2004 issue of the BusinessWorld (Internet
Edition).

The article reported that "(j)ust as it starts reaping income
after seven years of losses, Pilipino Telephone Co. (Piltel) may
again find itself in a bind as the National Telecommunications
Commission (NTC) yesterday warned the firm could lose its
license to operate as a carrier if it continues to refuse paying
Php1.3 billion in arrears in supervision and regulatory fees.
Piltel is insisting it doesn't owe the regulator any fees, while
the NTC is equally insistent the telco must pay the fees before
the Sept. 30 deadline for all firms under NTC's regulation. `We
could impose additional penalties, fines, or even revoke their
license. But this is one big balancing act. We have to think of
the subscribers. If you revoke Piltel's license, what will
happen to its subscribers?' NTC Commissioner Ronald Olivar Solis
told reporters on September 23, 2004.

Piltel though is unfazed by the warning. Piltel legal head
Rogelio Quevedo said the NTC can't just cancel the telco's
license. `This is public service you can't just revoke an
ongoing public service,' he said in an interview. Piltel has
refused to pay the fees, saying the NTC's computations are not
accurate. In fact, the company is seeking a refund from the
regulator for overcharges for years prior to 1997, Mr. Quevedo
said. `The [fee] is supposed to reimburse the government for
what it spent to supervise telecom firms. It collects PhP180
million from Piltel.

The NTC's budget does not even reach that amount,' he said. Mr.
Solis said the regulatory body's budget for the year is only
PhP147 million. Still, he insists that the NTC's computation is
valid as decided by the Supreme Court."

Pilipino Telephone Corporation ("PLTL"), in its letter to the
Philippine Stock Exchange dated September 24, 2004, stated that:

What Piltel is contesting is the basis for the assessment of the
NTC supervision and regulation fees (SRF). Piltel has formally
filed a letter-protest with the NTC, arguing, among other
things, that the NTC's right is limited to imposing reasonable
fees for regulation and supervision. Piltel has protested the
assessments in good faith and Piltel continues to make payments
for amounts, which Piltel believes is properly due to the NTC.
On October 2, 2003, Piltel filed a Complaint for Consignation
before the Regional Trial Court (RTC) of Quezon City after the
NTC refused to accept the payment tendered by Piltel for SRF
assessed in 2003. The complaint remains pending and Piltel
awaits the RTC's decision before it pursues a further course of
action."

For your information.
MA. PAMELA QUIZON-LABAYEN
Head, Disclosure Department

Noted by:
JURISITA M. QUINTOS
Senior Vice President - Operations Group

CONTACT:

Pilipino Telephone Corporation
G/F Mobiline Centre
6764 Ayala Avenue
1200 Makati City  
Philippines  
Telephone: 63 2 811 8888
Fax: 63 2 817 6888


* Philippines Foreign Debt Burden Hits US$56.3B, Says BSP
---------------------------------------------------------  
The Philippines' foreign debt stock stood at US$56.3 billion at
the end of the first half, from US$56.7 billion at the end of
the first quarter, according to Reuters, citing the Bangko
Sentral ng Pilipinas.

"The decline in total debt stock however resulted mainly from
downward foreign exchange revaluation adjustments of US$400
million brought about by the weakening of most third currencies
against the U.S. dollar with the Japanese yen accounting for
81.9 percent of total revaluation adjustment," Central Bank
Officer-In-Charge Armando Suratos said in a statement.

The central bank said there were net inflows of US$400 million
from external debt transactions.

The country's debt with medium to long-term maturities
represented 88.2 percent of its total outstanding debt, with a
weighted average maturity of 17 years. The public sector
accounted for 70.7 percent of disbursements on these loans.

Multilateral and bilateral creditors accounted for 44.3 percent
of the country's total external debt, while bond and note
holders represented 26.7 percent. Banks and financial
institutions held the remaining 21.2 percent.

The country's external debt remained largely denominated in two
currencies, with U.S. dollars accounting for 52.1 percent and
27.9 percent in Japanese yen. The rest is in 17 other
currencies, with euro-denominated debt accounting for 6.9
percent.


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


ACER CAPITAL: Creditors to Prove Debts on October 25
----------------------------------------------------
Notice is hereby given that the creditors of the Acer Capital
Singapore Pte Ltd, which is being voluntarily wound up, are
required on or before the 25th day of October 2004 to send in
their names and addresses with particulars of their debts and
claims and the names and addresses of their solicitors (if any)
to the undersigned Liquidator.

If so required by notice in writing from the said Liquidator,
they are to come in personally or by their solicitors and prove
their debts and claims at such time and place as shall be
specified in such notice. In default thereof, they will be
excluded from the benefit of any distribution made before such
debts and claims are proved.

Wee Hui Pheng
Liquidator
c/o Messrs Wee Seng Tiong & Co.,
1 Coleman Street,
#06-10 The Adelphi,
Singapore 179803

This Singapore Government Gazette notice is dated September 24,
2004.


KYOSHA HOLDINGS: Appoints Liquidators
-------------------------------------
The Sole Member of Kyosha Holdings (Singapore) Limited, acting
by written consent without a meeting on the 15th of September
2004 passed the following resolutions:

(1) That the Company be wound up voluntarily, pursuant to the
provisions of the Companies Act 1981.

(2) That Lai Kar Yan, (Derek) and Darach E. Haughey be and are
hereby appointed Joint Liquidators, jointly and severally, for
the purposes of such winding-up, such appointment to be
effective forthwith.

I. S. Outerbridge
Secretary

This Bermuda Sun notice is dated September 24, 2004.


KYOSHA HOLDINGS: Creditors to Prove Claims By October 8
-------------------------------------------------------
Notice is hereby given that the Creditors of Kyosha Holdings
(Singapore) Limited, which is being voluntarily wound up, are
required on or before the 8th of October 2004 to send their full
Christian Names and Surnames, their addresses and descriptions,
full particulars of their debts or claims, and the names and
addresses of their lawyers (if any) to Lai Kar Yan, (Derek) and
Darach E. Haughey, the undersigned, the Joint Liquidators of the
said Company.

If so required by notice in writing from the said Liquidators,
they are to come in personally or by their lawyers and prove
their debts or claims at such time and place as shall be
specified in such notice. In default thereof, they will be
excluded from the benefit of any distribution made before such
debts are proved.

Dated: 24th September

Lai Kar Yan, (Derek)
Darach E. Haughey
Joint Liquidator
c/o Messrs. Conyers Dill & Pearman, Clarendon House, Church
Street, Hamilton, HM DX, Bermuda

This Bermuda Sun notice is dated September 24, 2004.


MASTER TRAINER: Court Issues Winding Up Notice
----------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
Master Trainer Corporation Pte Ltd by the High Court was, on the
17th day of September 2004, presented by Mel Gill of 65 Munshi
Abdullah Avenue, Teacher's Housing Estate, Singapore 788653,
Petitioner.

The said Petition is directed to be heard before the Court
sitting at the High Court at 10.00 o'clock in the forenoon, on
Friday the 15th day of October 2004.

Any creditor or contributory of the said company desiring 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.

The Petitioner's address is at care of No. 7 Temasek Boulevard,
#15-03 Suntec Tower One, Singapore 038987.

The Petitioners' Solicitors are Messrs Kenneth Tan Partnership
of 7 Temasek Boulevard, #15-03 Suntec Tower One, Singapore
038987.

Kenneth Tan Partnership
Petitioners' Solicitors

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to Kenneth Tan
Partnership, the Petitioners' Solicitors, a notice in writing of
his intention to do so. The notice must state the name and
address of the persons, or, if a firm, the name and address of
the firm, and must be signed by the person or firm, or his or
their Solicitors (if any) and must be served, or, if posted,
must be sent by post in sufficient time to reach the above named
nor later than twelve o'clock noon of the 14th day of October
2004.

This Singapore Government Gazette notice is dated September 24,
2004.


OH CHIN: EGM Resolutions Passed on September 18
-----------------------------------------------
At an Extraordinary General Meeting of Oh Chin Kiat And Company
Private Limited convened and held at 9 Battery Road, #15-00
Straits Trading Building, Singapore 049910, on the 18th of
September 2004, the following resolutions were duly passed:

(1) Special Resolution - Winding Up

That the Company be wound up voluntarily pursuant to section 290
of the Companies Act, Cap. 50.

(2) Ordinary Resolution - Appointment Of Liquidators

That Messrs Ong Yew Huat and Seshadri Rajagopalan of c/o 10
Collyer Quay, #21-01 Ocean Building, Singapore 049315 be and are
hereby appointed as joint and several liquidators to conduct the
said winding up and that their remuneration be fixed on the
usual scale of their professional charges for the work involved.

(3) Special Resolution-Distribution Of Assets In Specie
That the liquidators of the Company be authorized to exercise
any of the powers given by section 272 of the Companies Act,
Cap. 50 and to distribute to members in specie any part of the
assets of the Company.

(4) Change Of Registered Office
That the registered office of the Company be changed to situate
at the following address:
c/o Ernst & Young
10 Collyer Quay
#21-01 Ocean Building
Singapore 049315.

Vernon Oh Min-Sen
Chairman

This Singapore Government Gazette notice is dated September 24,
2004.


REYNOSA PRIVATE: Winding Up Hearing Set October 8
-------------------------------------------------
Notice is hereby given that a Petition for the winding up of
Reynosa Private Limited by the High Court was on the 14th day of
September 2004 presented by General Lumber Fabricators &
Builders Bhd (Administrators Appointed), a Company incorporated
under the laws of Malaysia and having its address at 4th Floor,
Kompleks Antarabangsa, Jalan Sultan Ismail, 50250 Kuala Lumpur,
Malaysia.

The Petition will be heard before the Court sitting at Singapore
at 10.00 am in the forenoon, on Friday, the 8th day of October
2004.

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

The Petitioner's address is 4th Floor, Kompleks Antarabangsa,
Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia.

The Petitioner's solicitors are Messrs Rajah & Tann of No. 4
Battery Road, #15-01 Bank of China Building, Singapore 049908.

Messrs Rajah & Tann
Solicitors for the Petitioners

Note: Any person who intends to appear at the hearing of the
Petition must serve on or send by post to the Petitioner's
solicitors, Messrs Rajah & Tann of No. 4 Battery Road, #15-01
Bank of China Building, Singapore 049908, notice in writing of
his intention to do so. The notice must state the name and
address of the person, or, if a firm, the name and address of
the firm, and must be signed by the person or firm, or his or
their solicitors (if any) and must be served, or, if posted
must be sent by post in sufficient time to reach the
Petitioner's solicitors not later than twelve o'clock noon of
the 7th day of October 2004.

This Singapore Government Gazette notice is dated September 24,
2004.


TAINET TECHNOLOGY: Resolutions Passed at EGM Held September 16
--------------------------------------------------------------
At a Extraordinary General Meeting of Tainet Technology Pte Ltd
duly convened and held at No. 25, Alley 15, Lane 120, Sec. 1,
Nei-Hu Road, Taipei, Taiwan, Republic of China on 16 September
2004, the following resolutions set out below were duly passed:

Special Resolutions: Resolved

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

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

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

Ordinary Resolution: Resolved

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

Dated this 24th September 2004.

Nancy Quek
Director

This Singapore Government Gazette notice is dated September 24,
2004.


WEE POH: Names New Executives
-----------------------------
Wee Poh Holdings Limited announced the appointment of its new
executive director and the resignation of alternate director.

The Board of Directors of Wee Poh Holdings Limited announced:

i) The appointment of Mr. Ng Choon Kiat as an Executive Director
of the Company with effect from 24 September 2004.

ii) The resignation of Mr. Ng Choon Kiat as an Alternate
Director to Mr. Chan Wang Kin with effect from 24 September
2004.

Mr. Ng Choon Kiat's particulars had been announced separately on
5 January 2004 on his appointment as a Deputy General Manager of
the Company.

Submitted by Chan Wang Kin, Managing Director on September 25,
2004 to the Singapore Stock Exchange.


WEE POH: Requests Trading Halt
------------------------------
Beleaguered construction company Wee Poh Holdings has requested
a trading halt yesterday, pending an announcement, The Strait
Times reports.

The company also announced Saturday that it was appointing Mr.
Ng Choon Kiat as executive director of the company, with
immediate effect. Mr. Ng has been deputy general manager of the
company since January. At the same time, the resignation of Mr.
Victor Mark Chew Ban Chuan as director and company secretary was
revealed.

Wee Poh remained in negative equity, with net liability of 0.68
cent a share as its net loss widened to SG$19.1 million in the
year ended June 30.

In an attempt to resolve its financial trouble, the company has
been pushing for a reverse takeover deal that would give China-
based Chongqing Runtime Industry Group a backdoor listing on
Sesdaq.

It said earlier this month that 'certain issues have been raised
by the company and its advisers', to which the Chongqing
directors have agreed to revert by Sept 25.

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

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


NATURAL PARK: Unveils Result of BOD Meeting
-------------------------------------------
Natural Park Public Company Limited notified the Stock Exchange
of Thailand (SET) that the Board of Directors Meeting of the
Company No.18/2004, held on September 24, 2004, resolved for the
Company to lease the beach land on the Samui Island for
development and construction of a hotel, with the following
details:

(1) Date, Month, Year of Transaction: 24 September 2004

(2) Related Parties and Relationship between the Parties
    Lessor: Mr. Suwit Nantapanich.
    Lessee: Natural Park Public Company Limited.

Relationship between the Parties:

The Lessor is not categorized as the connected person with the
Company under the Notification of the Board of Directors of The
Stock Exchange of Thailand.

(3) General Characteristics of the Transaction: The Company will
lease one plot of the beach land on the Samui Island, which is
located at Tambol Bohphud, Amphur Samui Island, Suratthanee
Province, with the area of 7 rai 2 ngan 6.9 square-wah, to be
developed and constructed
as the hotel.  

The lease term will be 30 years from 24 September 2007 to 23
September 2037, which the Company will pay the lease
consideration of THB45 Million, and the yearly rental throughout
the lease term at THB2 Million per year, totaling THB60 Million.

(4) Details of the Assets: The lease right on the beach land on
the Samui Island which is located at Tambol Bohphud, Amphur
Samui Island, Suratthanee Province, with the area of 7 rai 2
ngan 6.9 squar-wah, with the lease term of 30 years from 24
September 2007 to 23 September 2037.

(5) Total Value of Consideration and Terms of Payment

Total Value of Consideration:

(1) Lease consideration of THB45 Million.
(2) Yearly rental throughout the lease term at THB2 Million per
year, totaling THB60 Million.  

Terms of Payment:

(1) The Company will pay the lease consideration of THB45
Million on the register date of the lease agreement at land
Registry.

(2) The Company will pay the advance yearly rental once every
year on or before 23 July of every year, with first payment
starting on or before 23 July 2007.

(6) Criteria for determining the Value of Consideration: Being
the price agreed by the parties.
  
(7) Sources of Fund for the Transaction: Capital of the Company.

(8) Benefits expected to be derived: The Company will develop
the beach land for construction of the hotel on the Samui by the
Company from the Island, which is one of the popular tourist
place of Thailand for foreigners.

The Company expects that the operation of the said hotel will
definitely generate income for the Company in the future.

Please be informed accordingly.

Sincerely yours,
Mr.Thowthawal Subhavanich
Chief Financial Officer

CONTACT:

Natural Park Public Company Limited   
Address: 88 Soi Klang (Sukhumvit 49),
Sukhumvit Road, Wattana, Bangkok
Telephone: 0-2259-4800-11   
Fax: 0-2259-4819, 0-2259-4815   


THAI PETROCHEMICAL: Most Creditors Support New Plan
---------------------------------------------------
The creditors of Thai Petrochemical Industry Public Company
Limited are scheduled to hold a vote for the company's new debt-
restructuring plan on Monday, reports The Nation, citing one of
the voting creditors who prefers anonymity.

According to the source, most creditors would support the deal
proposed by the company's plan administrator team, which was
appointed by Finance Minister Somkid Jatusripitak and the
Central Bankruptcy Court chaired by General Mongkhol
Ampornpisit.

If the creditors vote the new debt-plan favorable, a Legal
Execution Officer will call a meeting for October 12 to both
financial and trade creditors.

"It may not the best restructuring plan for the creditors, but
it's a good choice for the long term," the source said.

TPI has yet to fined a new strategic partner since PTT Plc has
not yet confirmed its interest to buy a major stake as Mr.
Somkid had said.  Mr. Somkid added that TPI founder Prachai
Leophairatana is welcome to buy stakes in the new capital.

Mr. Prachai and his family's holding in the company will only be
diluted by one percent.  

Mr. Prachai openly expresses his disapproval to the new debt
plan, and made a statement that if the creditors approve of the
new plan, he will file a petition for an appeal to the Central
Bankruptcy Court.

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   
Web site: www.tpigroup.co.th



* BOND PRICING: For the Week 27 September to 1 October 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   61
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.250%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/04   10
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.000%    10/15/04    9
BIL Finance Ltd                       9.250%    10/15/06    9
BIL Finance Ltd                      10.000%    10/15/04   10  
Capital Properties NZ Ltd             8.500%     4/15/05    8
Capital Properties NZ Ltd             8.500%     4/15/07    9
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    8
Minerals Corporation                 11.500%     9/30 04    1
NPT Capital Ltd                       9.500%    11/30/04   10
Nuplex Industries Ltd                 9.300%     9/15/07    8
Powerco Ltd                           8.150%      9/1/07    8
Powerco Ltd                           8.400%     5/22/07    9
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
Sky Network Television Ltd            9.300%    10/29/49    8
Software of Excellence                7.000%     8/09/07    2
Strathfield Group                    11.000%    12/31/05    1
Structural Systems Ltd               11.000%     6/30/07    1
Sydney Gas Company                   12.000%     4/1/06     1
Tower Finance Ltd                     8.650%    10/15/09    8
Tower Finance Ltd                     8.750%    10/15/07    8
TrustPower Ltd                        8.300%     9/15/07    8
TrustPower Ltd                        8.500%     9/15/12    8
TrustPower Ltd                        8.500%     3/15/14    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    74
China Government Bond                  2.900%    5/24/32    62
China Government Bond                  3.400%    4/17/23    75

KOREA
-----  

Korea Electric Power Corporation       7.950%       4/1/96   69


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    4
Camerlin Group Bhd                     5.500%      7/15/07    1
Crescendo Corporation Bhd              3.000%      8/25/07    1
Dataprep Holdings Bhd                  4.000%       8/5/05    1
Dataprep Holdings Bhd                  4.000%       8/6/07    1
Denko Industrial Bhd                   5.000%      3/15/07    1
Eden Enterprises (M) Bhd               2.500%      12/2/07    1
Fountain View Development Sdn Bhd      3.500%      11/3/06    5
Furqan Business Organization           2.000%     12/19/05    1
Gadang Holdings Bhd                    2.000%     12/24/08    2
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 Corp                         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   74
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







                            *********


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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                 *** End of Transmission ***