TCRAP_Public/041006.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Wednesday, October 6, 2004, Vol. 7, No. 198

                            Headlines

A U S T R A L I A

ANZDL MANAGEMENT: Sets Final Meeting October 14
CATARMI INDUSTRIES: Creditors Must Prove Claims Today
CEL DEVELOPMENTS: Annual Meeting Slated for October 8
DS TRANSPORT: To Convene Final Members' Meeting on October 21
FARMER'S FRESH: Final Meetings of Members, Creditors Set

FIELD OF DREAMS: Issues Notice of Final Meeting
IMTEST PTY: Enters Bankruptcy Proceedings
IVORYCROWN PTY: Appoints Liquidator
JOY BELLE: Members Resolve To Voluntarily Wind Up
K.A. GAVIN: To Hold Final Members Meeting on October 18

NGULLAMINYA PTY: Final Meeting Scheduled October 18
PERILOW PTY: To Hold General Meeting on October 18
QANTAS AIRWAYS: ACSI Urges Shareholders to Veto Wage Hike
RW JOYCE: Final Members Meeting Slated for October 18
SONS OF GWALIA: Administrator Probes Creditor Banks

VILLAGE ROADSHOW: Payout to Former Exec May Reach AU$75Mln
VIRTOP PTY: Winding Up Order Made
WARRAH VALE: Winds Up Voluntarily
WOODLANDS HOLDINGS: Faces Members' Voluntary Liquidation


C H I N A  &  H O N G  K O N G

CHINA CONSTRUCTION: Citigroup Mulls 5% Stake Buy
GOLD WO: Listing of Shares Cancelled
LAI SUN: Appoints Non-Executive Director
LIN SHU: Faces Bankruptcy Proceedings
TUNG LIU: Enters Bankruptcy Proceedings


I N D O N E S I A

ASIA PULP: Rehab Adviser Faces Contempt of Court Charge
BANK NEGARA: Director Confirms Divestment Not Feasible in 2004


J A P A N

DAIEI INCORPORATED: IRCJ To Aid Rehab Without Investment
KOBE STEEL: JCR Upgrades Bonds to A; Affirmed J-1 on CP
RESONA HOLDINGS: May Set Up ATMs at Yoshinoya Restaurants
SOJITZ HOLDINGS: R&I Removes Ratings from Monitor
* IRCJ To Stop Accepting New Projects in March


K O R E A

HYNIX SEMICONDUCTOR: Launches "MagnaChip Semiconductor"
KOOKMIN BANK: To Secure US$200 Million in Syndicated Loans
KOOKMIN BANK: Deal with SK Telecom Benefits Both
* Outstanding Debts of Credit Defaulters Exceed KRW100 Trillion


M A L A Y S I A

AOKAM PERDANA: Default Status Unchanged
ARTWRIGHT HOLDINGS: Granted Listing of 10,489 Ordinary Shares
CONSOLIDATED FARMS: Releases Monthly Status Update
CYGAL BERHAD: Discloses Status of Restructuring Plan
FORESWOOD GROUP: Seeks Restructuring Scheme Approval

GEAHIN ENGINEERING: Financial Condition Unchanged
GENERAL SOIL: Submits Restructuring Proposal
JASATERA BERHAD: Updates Status of Financial Position
KEMAYAN CORPORATION: To Seek Approval of Restructuring Scheme
KSU HOLDINGS: Releases Regularization Plan Update

LAFARGE MALAYAN: Unit Enters Voluntary Liquidation
MECHMAR CORPORATION: Updates Default Status
MERCES HOLDINGS: Posts Default Status Update
MTD CAPITAL: Purchases 175,400 Ordinary Shares on Buy Back
OCEAN CAPITAL: Updates Corporate Restructuring Exercise

PSC INDUSTRIES: Stops Issue of RCLS
REKAPACIFIC BERHAD: Unveils FY04 Quarterly Report
SATERAS RESOURCES: Reschedules Court Meeting on November 25
SUNWAY HOLDINGS: Details Fund Raising Exercise
WEMBLEY INDUSTRIES: Discloses Practice Note 4/2001 Update

WOO HING: Releases Monthly Status on Regularization Plan


P H I L I P P I N E S

MAYNILAD WATER: Creditors Seek Auditor To Review Rehab Plan
NATIONAL STEEL: Lawyers Warn of Possible Php1B Losses in Sale
SOLID CEMENT: DTI Lifts Ban On Island Cement Sale


S I N G A P O R E

ALL BUILDING: Winding Up Order Made
CHIP HUAT: Court Issues Winding Up Notice
INFORMATICS HOLDINGS: Posts Change in Shareholder's Interest
INFORMATICS HOLDINGS: Shareholder's Interest Changes
INFORMATICS HOLDINGS: Reveals Change in Shareholder's Interest

INFORMATICS HOLDINGS: Berjaya Land's Holding Changes
INFORMATICS HOLDINGS: Reveals Change in Shareholder's Interest
KTD PRIVATE: General Meeting Set November 2
MYBIZ SINGAPORE: Issues Notice to Unsecured Creditors
WORLD JACK: Creditors to Prove Claims by November 1


T H A I L A N D

DATAMAT: Details Sale of Investment in Subsidiary
JASMINE INTERNATIONAL: Releases Results of JAS-W2 Conversion
TONGKAH HARBOUR: SET Grants Listed Securities

     -  -  -  -  -  -  -  -

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ANZDL MANAGEMENT: Sets Final Meeting October 14
-----------------------------------------------
Notice is given that a meeting of the members of Anzdl
Management Services Australia Pty Limited (In Liquidation) will
be held at Level 8, 201 Sussex Street, Sydney, NSW, 1171 on 14
October 2004 at 10:00 a.m.

AGENDA

(i) To lay the Liquidator's account before the members showing
how the winding up has been conducted and the property of the
company has been disposed of, and to give any explanations as
required; and

(ii) Any other business.

Dated this 3rd day of September 2004

David Clement Pratt
Timothy James Cuming
Liquidator
PricewaterhouseCoopers
Level 8, 201 Sussex Street, Sydney NSW 1171


CATARMI INDUSTRIES: Creditors Must Prove Claims Today
-----------------------------------------------------
A first and final dividend to creditors is to be declared on
October 22, 2004 for Catarmi Industries Pty Ltd (Subject To Deed
Of Company Arrangement) trading as Grace Auto Group.

Creditors whose debts or claims have not already been admitted
are required on or before October 6, 2004 to formally prove
their debts or claims. If they do not, they will be excluded
from the benefit of the dividend.

Richard Albarran
Deed Administrator
c/- Hall Chadwick
Level 29, 31 Market Street, Sydney NSW 2000


CEL DEVELOPMENTS: Annual Meeting Slated for October 8
-----------------------------------------------------
Notice is hereby given that pursuant to Section 508 of the
Corporations Act 2001, an Annual General Meeting of the members
of Cel Developments Print Pty Ltd will be held at Hall Chadwick
Level 29, 31 Market Street, Sydney NSW 2000 on the 8th of
October 2004 at 12:00 noon.

Richard Albarran
Liquidator
Hall Chadwick
Chartered Accountants
Level 29, 31 Market Street, Sydney NSW 2000


DS TRANSPORT: To Convene Final Members' Meeting on October 21
-------------------------------------------------------------
Notice is hereby given that, pursuant to Section 509(2) of the
Corporations Law, a final meeting of the members of DS Transport
Co Pty. Limited (In Liquidation) will be held at the office of
Harrington McNamara and Justin Peter Corcoran (Liquidator) at
Level 7, 11 Help Street Chatswood NSW on the 21st of October
2004 at 10:00 a.m.

The purpose of the meeting is to receive the liquidator's final
account and report, and giving any explanation thereof.

Justin Peter Corcoran
Liquidator
c/- Harrington McNamara
Chartered Accountants
Level 7, 11 Help Street, Chatswood NSW 2067


FARMER'S FRESH: Final Meetings of Members, Creditors Set
--------------------------------------------------------
Notice is given that pursuant to Section 509 of the Corporations
Act 2001, a meeting of members and creditors of Farmer's Fresh
Express Pty Limited (In Liquidation) will be held at the office
of the Liquidator, c/- Moore Stephens PMN, Chartered
Accountants, Level 6, 460 Church Street, North Parramatta NSW on
Monday, October 18, 2004 commencing at 10:00 a.m.

The purpose of the meeting is to lay before the members accounts
showing the manner in which the winding up was conducted and the
property of the company disposed of, and of hearing any
explanations that may be given by the Liquidator, and also of
determining the manner in which the books, accounts and
documents of the company and of the Liquidator thereof shall be
disposed of.

Dated this 14th day of September 2004

R. J. PORTER
Liquidator
Level 6, 460 Church Street,
Parramatta NSW 2150


FIELD OF DREAMS: Issues Notice of Final Meeting
-----------------------------------------------
Notice is given that a final meeting of the members and
creditors of Field Of Dreams Australia Pty Limited (In
Liquidation) will be held at Rodgers Reidy, Level 8, 333 George
Street, Sydney on October 14, 2004 at 10:00 a.m.

AGENDA

(a) To receive an account from the Liquidator.
(b) A resolution to destroy the books & records of the company.
(c) To consider any other business.

Geoffrey Reidy
Liquidator
Rodgers Reidy
Level 8, 333 George Street, Sydney NSW 2000


IMTEST PTY: Enters Bankruptcy Proceedings
-----------------------------------------
Notice is hereby given that at an Extraordinary General
Meeting of Imtest Pty Ltd, held on the 27th day of August 2004,
the following Special Resolutions were passed:

(1) That the Company be wound up voluntarily.

(2) Christopher Mel Chamberlain of Nicholls & Co., Suite 103,
1st Floor, Wollundry Chambers, Johnston Street, Wagga Wagga, New
South Wales was appointed Liquidator.

C. M. Chamberlain
Liquidator
Suite 103, 1st Floor, Wollundry Chambers,
Johnston Street, Wagga Wagga NSW 2650


IVORYCROWN PTY: Appoints Liquidator
-----------------------------------
On the 2nd of September 2004, the Supreme Court of New South
Wales, Equity Division, made an Order that Christopher J. Palmer
be appointed Official Liquidator of Ivorycrown Pty Limited (In
Liquidation) trading as Steal Building Systems.

Christopher J. Palmer
Official Liquidator
O'Brien Palmer
Level 4, 23-25 Hunter Street, Sydney NSW 2000


JOY BELLE: Members Resolve To Voluntarily Wind Up
-------------------------------------------------
At a General Meeting of Joy Belle Investments Pty Ltd, held on
the 1st of September 2004, the company's members resolved to
wind up the company voluntarily and to appoint Tharnar Singh of
36 Elouera Terrace Bray Park NSW 2484 as Liquidator.

Dated this 3rd day of September 2004

Tharnar Singh
Liquidator
36 Elouera Terrace, Bray Park NSW 2484.
Telephone: (02) 6672 2427


K.A. GAVIN: To Hold Final Members Meeting on October 18
-------------------------------------------------------
Notice is given that pursuant to Section 509 of the Corporations
Act 2001, a meeting of members of K.A. Gavin Pty Limited (In
Liquidation) will be held at the office of the Liquidator, c/-
Moore Stephens PMN, Chartered Accountants, Level 6, 460 Church
Street, North Parramatta NSW on Monday, October 18, 2004
commencing at 10:00 a.m.

The purpose of the meeting is to lay before the members accounts
showing the manner in which the winding up was conducted and the
property of the company disposed of, and of hearing any
explanations that may be given by the Liquidator, and also of
determining the manner in which the books, accounts and
documents of the company and of the Liquidator thereof shall be
disposed of.

Dated this 14th day of September 2004

R. J. PORTER
Liquidator
Level 6, 460 Church Street,
Parramatta NSW 2150


NGULLAMINYA PTY: Final Meeting Scheduled October 18
---------------------------------------------------
Notice is given that pursuant to Section 509 of the Corporations
Act 2001, a meeting of members and creditors of Ngullaminya Pty
Limited (In Liquidation) will be held at the office of the
Liquidator, c/- Moore Stephens PMN, Chartered Accountants, Level
6, 460 Church Street, North Parramatta NSW on Monday, October
18, 2004 commencing at 10:00 a.m.

The purpose of the meeting is to lay before the members accounts
showing the manner in which the winding up was conducted and the
property of the company disposed of, and of hearing any
explanations that may be given by the Liquidator, and also of
determining the manner in which the books, accounts and
documents of the company and of the Liquidator thereof shall be
disposed of.

Dated this 14th day of September 2004

R. J. Porter
Liquidator
Level 6, 460 Church Street,
Parramatta NSW 2150


PERILOW PTY: To Hold General Meeting on October 18
--------------------------------------------------
Notice is hereby given pursuant to Section 509 of the
Corporations Law that a General Meeting of the Members of
Perilow Pty Limited (In Liquidation) will be held at 34 Rose
Avenue, Collaroy Plateau NSW on October 18, 2004 at 10:00 a.m.

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

Geoffrey J. Bertram
Liquidator
34 Rose Avenue, Collaroy Plateau NSW 2097


QANTAS AIRWAYS: ACSI Urges Shareholders to Veto Wage Hike
---------------------------------------------------------
The Australian Council of Superannuation Investors (ACSI) urged
shareholders of Qantas Airways to veto the airline's proposal to
increase directors' fees by more than 66 percent, says The
Age.

The institutional investment adviser on Monday advised some 32
industry and public sector fund clients to reject the plan at
the company's October 21 annual meeting in Brisbane.

Based on a detailed research it conducted on the Qantas
proposal, ACSI concluded the salary increase is excessive and
not in line with market trends.

ACSI executive officer, Phillip Spathis, asserted the client
funds controlled more than AU$85 billion of investment and were
significant players on the Australian investment market.

According to Mr. Spathis, the proposal would boost Qantas' wage
bill for directors from AU$1.5 million to AU$2.5 million. He
added the company's justification, that the increase was needed
to attract high-caliber directors and was in line with market
conditions, was "hard to sustain".

The ACSI research found the total remuneration of Qantas
chairman Margaret Jackson to be AU$484,000 last financial year.
It showed the mean remuneration of a non-executive chairman of
an ASX top 100 company was AU$308,000, and the median was
AU$285,000.

Mr. Spathis said Qantas paid much more than other top 100
companies: "We cannot really support the magnitude of the fees
that Qantas is seeking. In the past we have approved increases
in excess of 30 per cent because companies were seeking new
directors, or were expanding the number of directors in the
pool. But it is not clear that Qantas wants to expand the pool."

ACSI's decision comes amid Qantas' industrial struggle with two
in-house unions that are demanding a 12-percent salary increase
over the next two years.

CONTACT:

Qantas Airways
Qantas Centre, Level 9,
Building A, 203 Coward Street,
Mascot, Nsw, Australia, 2020
Head Office Telephone: (02) 9691 3636
Head Office Fax: (02) 9691 3339
Web site: http://www.qantas.com


RW JOYCE: Final Members Meeting Slated for October 18
-----------------------------------------------------
Notice is given that pursuant to Section 509 of the Corporations
Act 2001, a meeting of members of RW Joyce & Associates Pty
Limited (In Liquidation) will be held at the office of the
Liquidator, c/- Moore Stephens PMN, Chartered Accountants, Level
6, 460 Church Street, North Parramatta NSW on Monday, October
18, 2004 commencing at 10:00 a.m.

The purpose of the meeting is to lay before the members accounts
showing the manner in which the winding up was conducted and the
property of the company disposed of, and of hearing any
explanations that may be given by the Liquidator, and also of
determining the manner in which the books, accounts and
documents of the company and of the Liquidator thereof shall be
disposed of.

Dated this 14th day of September 2004

R. J. PORTER
Liquidator
Level 6, 460 Church Street,
Parramatta NSW 2150


SONS OF GWALIA: Administrator Probes Creditor Banks
---------------------------------------------------
Sons of Gwalia's creditor banks are now being investigated as
shareholders and other creditors fear they may get less than 40-
percent returns, says The Sunday Times.

Administrator Ferrier Hodgson is observing closely the actions
of the banks, which provided around AU$500 million worth of
hedging contracts that led to Gwalia's collapse. The contracts
were used to sell gold before they are mined.

According to sources, the failed miner's main lender Citibank is
owed AU$140 million.

Gwalia, which has AU$862 million in debts, went into
administration on August 29 after announcing it did not have
enough gold reserves to meet its future contracts.

One creditor declared Gwalia's debt could reach above AU$900
million, exceeding assets worth AU$600 million to AU$700
million.

"Gold assets are worth AU$50 million to AU$100 million, with
tantalum around AU$300 million to AU$350 million. That's AU$450
million, so we're looking at 40cents to 60cents on the dollar,"
the creditor said.

Independent mining analyst John MacDonald, who forecasted
Gwalia's hedging downfall as early as 1997, said even these
figures were "optimistic".

"I'm not unhappy with the lower end of that (gold asset) rate,"
Mr. MacDonald said. "But the main tantalum mine, Wodgina, is
probably not going to fetch that sort of price because of what
Cabot has claimed over it.

"There might not be any other buyers."

US firm Cabot Corp is Gwalia's biggest tantalum buyer. It also
holds 7 percent of the miner. Its contract allows it to take
over if Gwalia cannot ensure its tantalum supply.

CONTACT:

Sons of Gwalia
Carmen Kiggins
Manager - Investor Relations
16 Parliament Place
West Perth, Western Australia, 6005
Telephone: 08 9263 5648
Facsimile: 08 9481 1271
Web site: http://www1.sog.com.au/


VILLAGE ROADSHOW: Payout to Former Exec May Reach AU$75Mln
----------------------------------------------------------
Embattled entertainment firm Village Roadshow met with estranged
former executive Peter Ziegler on Monday to talk about Mr.
Ziegler's AU$148 million court claim against the company, after
being ordered by the Victorian Supreme Court, reports the Sydney
Morning Herald.

The discussions were centered on a dispute about the value of
Village's film production division, believed to be worth AU$1
billion and a possible payout to Mr. Ziegler of as much as AU$75
million for his termination in 2001.

Last year, Mr. Ziegler filed for AU$148 million compensation
claim in court against his former employer. The amount
represented a 7.5-percent share of the film division's profit in
perpetuity and a 7.5-percent share in the assets.

After starting out as tax counsel at Village in 1993, Mr.
Ziegler signed a consultancy agreement with the group in 1996
that ran until 2001. He was vital to its aspirations to become a
major Hollywood film producer, arranging finance for its joint
venture with Warner Bros.

Village declined to comment on Monday. Mr. Ziegler could not be
contacted.

CONTACT:

Village Roadshow Limited
206 Bourke Street
Melbourne Vic 3000
Australia
Phone: 61 3 9667 6666
Fax: 61 3 9639 1540
Web site: http://www.villageroadshow.com.au/


VIRTOP PTY: Winding Up Order Made
---------------------------------
On 27 August 2004, the Supreme Court of New South Wales made an
Order that Virtop Pty Limited (In Liquidation) be wound up and
appointed me to be Official Liquidator.

M. J. M. SMITH
Official Liquidator
c/- Smith Hancock
Chartered Accountants
Level 4, 88 Phillip Street,
Parramatta NSW 2150


WARRAH VALE: Winds Up Voluntarily
---------------------------------
Take notice that Warrah Vale (Galong) Pty Ltd on the 31st day of
August 2004 duly resolved by Special Resolution that it be wound
up voluntarily, and resolved by ordinary resolution that Rodney
Francis Mullavey be appointed Liquidator for the purposes of the
winding up.

R.F. Mullavey
Liquidator


WOODLANDS HOLDINGS: Faces Members' Voluntary Liquidation
--------------------------------------------------------
Notice is hereby given that at an Extraordinary General Meeting
of Woodlands Holdings Pty Limited, held on the 26th day of
August 2004 the following Special Resolution was passed:

(1) That the Company be wound up voluntarily.

(2) John Curley of GFB Peacocke & Co, 1st Floor, 173 Darling
Street Dubbo, New South Wales was appointed Liquidator.

JOHN CURLEY
Liquidator
173 Darling Street, Dubbo NSW 2830


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CHINA CONSTRUCTION: Citigroup Mulls 5% Stake Buy
------------------------------------------------
Citigroup intends to purchase a 5-percent stake in the country's
top property lender, China Construction Bank (CCB), reports The
Standard.

No amount was cited for the payment of the CCB stake, but it is
expected that the U.S.-based bank will shell out CNY10 billion
(HK$9.42 billion) for a 5-percent shareholding in CCB.

Citigroup was reported to have initially planned to acquire 10
percent of the bank when it was tapped alongside Morgan Stanley
and China International Corp to co-lead underwrite CCB's planned
stock sale.

CCB hopes to raise US$10 billion (HK$78 billion) in three-way
stock sale next year in Hong Kong, New York and Shanghai.
However, Citigroup and CCB declined to comment.

Observers have pointed out that despite the minority stake
Citigroup will purchase, the stake is still vital, as it would
provide Citigroup with connections to the mainland.

China has been rushing to transform their inefficient and debt-
laden banks ahead of its planned overseas shares sales. The
government anticipates that the entry of foreign banks will
improve their own banking system.

CCB and Bank of China (BOC) have re-launched as joint stock
firms for its initial stock offerings.

CCB is moving full throttle in drawing in outside investments.

Meanwhile, the lender announced last month that a 4.11-percent
stake of approximately CNY8 billion would be sold to State Grid
Corp, Baosteel, the parent of Shanghai-listed Baoshan Iron &
Steel, and hydroelectric power producer Yangtze Power.

CONTACT:

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


GOLD WO: Listing of Shares Cancelled
------------------------------------
The Stock Exchange of Hong Kong Limited announced that the
listing of the shares of Gold Wo International Holdings Limited
(In Liquidation) was cancelled on 30 September 2004 in
accordance with the delisting procedures stipulated in Practice
Note 17 to the Listing Rules (the Delisting Procedures).
Practice Note 17 to the Listing Rules formalizes the procedures
to be adopted to delist long-suspended companies.

Dealings in the Company's shares have been suspended since 16
December 2002. Accordingly, dealings in the Company's shares
have effectively been suspended for over 18 months.

The Company was put into the third stage of the Delisting
Procedures on 11 March 2004.  Pursuant to the Delisting
Procedures, at the end of the third stage, which in the case of
the Company was 10 September 2004 (the Deadline), where no valid
proposals have been received for resumption, the listing of the
Company's shares will be cancelled. Following the suspension in
trading in the Company's shares and before the Deadline, a
resumption proposal was submitted to the Exchange on 6 March
2004.  However, the Listing Division decided that the resumption
proposal was not viable. By the end of the Deadline, the Company
has not submitted any valid proposal for resumption.

The Exchange has notified the Company of its obligation under
paragraph 3.1 of Practice Note 17 to issue an announcement
informing the public of the cancellation of the listing of its
shares on the same day of this announcement.

The Exchange advises shareholders of the Company who have any
queries about the implications of the delisting to obtain
appropriate professional advice.

For and on behalf of
Gold Wo International Holdings Limited
(In Liquidation)
Jacky CW Muk
Joint and Several Provisional Liquidator

CONTACT:

Gold Wo International Holdings Limited
9 Hoi Shing Road
Tsuen Wan New Territories
Hong Kong


LAI SUN: Appoints Non-Executive Director
----------------------------------------
The Board of Directors of Lai Sun Development Company Limited
announced that Mr. Leung Shu Yin, William has been appointed an
Independent Non-executive Director and a member of the Audit
Committee of the Company with effect from 30th September, 2004.

Mr. Leung, aged 55, is a certified public accountant, a member
of the Hong Kong Securities Institute and a fellow of both the
Association of Chartered Certified Accountants and the Hong Kong
Institute of Certified Public Accountants. He is practicing as a
practising director of two certified public accountants' firms
in Hong Kong and has over 20 years experience in the accounting
profession. He is an independent non-executive director of Lai
Sun Garment (International) Limited, a controlling shareholder
of the Company, and Mainland Headwear Holdings Limited. Mr.
Leung was also appointed to the board of Gold-Face Holdings
Limited as an independent non-executive director on 1st October,
2003 following a change of management at the aforesaid company.
All of the above companies are listed on the Main Board of The
Stock Exchange of Hong Kong Limited.

Mr. Leung does not have any relationship with any other
directors, senior management, substantial shareholders or
controlling shareholders of the Company. Other than the present
appointment, he does not hold any position with the Company or
any subsidiary of the Company. As at the date of this
announcement, Mr. Leung does not have any interest (within the
meaning of Part XV of the Securities and Futures Ordinance) in
shares of the Company.

The Company has not entered into any service contract with Mr.
Leung and there is no fixed term of service. Mr. Leung will be
subject to retirement and re-election at the annual general
meeting of the Company in accordance with the provisions of the
articles of association of the Company. The amount of director's
fees and other emoluments payable to Mr. Leung will be
determined by the Board, with reference to his duties and
responsibilities within the Company and other relevant market
benchmark.

Save as disclosed above, there are no matters that need to be
brought to the attention of shareholders of the Company.

By Order of the Board
Lai Sun Development Company Limited
Yeung Kam Hoi
Company Secretary

This Hong Kong Stock Exchange announcement is dated 4 October
2004.


LIN SHU: Faces Bankruptcy Proceedings
-------------------------------------
The High Court of the Hong Kong Special Administrative Region
Court of First Instance hereby gives notice that the Bankruptcy
Order against Lin Shu Huen Trading was made on September 20,
2004.

All debts due to the estate should be paid to its Official
Liquidator Mr. ET O'Connell.

This Hong Kong Standard announcement is dated 30 September 2004.


TUNG LIU: Enters Bankruptcy Proceedings
---------------------------------------
The High Court of the Hong Kong Special Administrative Region
Court of First Instance hereby gives notice that the Bankruptcy
Order against Tung Liu Pok Trading was made on September 20,
2004.

All debts due to the estate should be paid to its Official
Liquidator Mr. ET O'Connell.

This Hong Kong Standard announcement is dated 30 September 2004.


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ASIA PULP: Rehab Adviser Faces Contempt of Court Charge
-------------------------------------------------------
U.S. firm White & Case has been charged with contempt of court
after it represented Asia Pulp and Paper (APP) in the US$6.7
billion debt restructuring of the paper maker's Indonesian
units, reports Lawyer News.

International debt funds Oaktree Capital Management, Gramercy
Capital Advisors and other U.S.-based APP secured creditors
pushed for the ruling against APP and its rehabilitation
advisers White & Case, ABN Amro Bank and DBS Group Holdings
during a hearing in New York earlier in the month.

The creditors accused APP and its advisers of failing to abide
by an earlier court judgment made against APP's restructuring
plan by continuing to seek approval for a repayment scheme that
may not see creditors repaid for 22 years.

APP, which defaulted on US$14 billion debt in March 2001, is
currently trying to convince bondholders of its Indonesian
subsidiaries to agree on the repayment proposal, which gained
the approval of the European export credit agencies, Japanese
trading houses and the now-defunct Indonesian Bank Restructuring
Agency (IBRA) in October last year.

However, Oaktree and Gramercy won the US$394 million case in
April, and the contempt of court suit is their most recent
attempt to collect on that ruling.

A decision is expected from the New York State Supreme Court by
mid-October.

CONTACT:

Asia Pulp & Paper Company Ltd.
69 Loyang Dr.
508958 Singapore
Phone: +65-6477-6118
Fax: +65-6477-6116
Web site: http://www.asiapulppaper.com


BANK NEGARA: Director Confirms Divestment Not Feasible in 2004
--------------------------------------------------------------
Bank Negara Indonesia (BNI) Director Fero Poerbonegro has
confirmed that the government's planned divestment of its stake
in the state-owned bank will not push through this year, Asia
Pulse says.

After the government delayed its authorization of BNI's
divestment last week, the matter will be passed on to the new
government and the House of Representatives. Technically, the
divestment cannot be continued this year," Mr. Fero said.

The bank opted to cancel its proposed one-for-four new shares
issuance after the House's delayed approval of the BNI stake
sale. The scheme will supposedly offer one percent of new shares
for the public and four percent for BNI employees.

"The delay has harmed the program of shares selling for
employees. But we could still run the program separated from the
divestment, although it will have to pass a different
procedure," Mr. Fero declared.

But the government did not have to bear the loss caused by the
postponement, as preparation expenses for the divestment would
be shouldered by the state, which holds 99.12 percent of BNI.

Currently, only 0.88 per cent of BNI shares were sold in stock
market and did not represented BNI's performance.

CONTACT:

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


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


DAIEI INCORPORATED: IRCJ To Aid Rehab Without Investment
--------------------------------------------------------
The Industrial Revitalization Corporation of Japan (IRCJ) is
planning to rehabilitate struggling Daiei Incorporated without
investing in the retailer, reports The Star Online, citing Kyodo
News.

Instead, IRCJ would look for a sponsor to help turn the firm's
business around, while limiting its role to coordinating the
interests of Daiei's lenders and purchasing its loans.

The IRCJ will probably pursue its plan not to infuse capital
into Daiei as several foreign and local firms have already
expressed willingness to become sponsors. The state-owned
revival body believed that investing in the ailing retailer
would invite speculation that it was meddling into private-
sector affairs.

The move underscores IRCJ's intention to gain Daiei's approval
for its assistance.

However, Daiei is firm on its decision to revive its business
under its own restructuring scheme without IRCJ's involvement.

CONTACT:

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


KOBE STEEL: JCR Upgrades Bonds to A; Affirmed J-1 on CP
-------------------------------------------------------
The Japan Credit Rating Agency (JCR) has upgraded the ratings on
the bonds and euro medium term note program of Kobe Steel, Ltd.
from A- to A while affirming the J-1 rating on the CP program.

Rationale:

Kobe Steel is expected to record an all-time high pretax profit
before extraordinary items for fiscal 2004 for the first time in
14 years. Good steel businesses, good performance of each of the
group companies and contribution from IPP to increasing the
overall earnings boost the profit. IPP business is considered to
be a stable earnings source over the long period. Its
integration of management is now paying off.

Whether Kobe Steel can limit deterioration in performance to the
minimum will be a litmus test for the management style. Kobe
Steel started taking measures to improve the financial structure
earlier. Improvement has been made speedily. The financial
structure will be improved further in the future.

To view the full release, click on:
http://bankrupt.com/misc/TCRAP_KOBESTEEL100504.pdf

CONTACT:

Kobe Steel, Ltd.
9-12, Kita-Shinagawa 5-chome, Shinagawa-ku
Tokyo, 141-8688, Japan
Phone: +81-3-5739-6000
Fax: +81-3-5739-6903
Web site: http://www.kobelco.co.jp


RESONA HOLDINGS: May Set Up ATMs at Yoshinoya Restaurants
---------------------------------------------------------
Resona Holdings Incorporated has forged an alliance with
restaurant chain Yoshinoya D&C Co. and may set up automated
teller machines (ATMs) at Yoshinoya restaurants in the future,
Kyodo News reports.

According to Resona officials, the firm is now considering
opening branches and setting up ATMs at places that are
frequented by many people.

Yoshinaya, which has been suffering from sluggish sales since it
stopped serving its mainstay "gyudon" beef-on-rice dishes in
February, agreed to the tie-up as it can receive commissions
from Resona in exchange for providing information about the
outlets.

Yoshinoya was forced to stop serving gyudon after Japan banned
beef imports from the United States amid the mad cow disease
scare.

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


SOJITZ HOLDINGS: R&I Removes Ratings from Monitor
-------------------------------------------------
Rating and Investment Information, Inc. (R&I), has removed the
following ratings of Sojitz Holdings Corporation from the Rating
Monitor scheme, and affirmed them as follows:

Senior Long-term Credit Rating; Long-term Bonds (2 series)
R&I RATING: B+ (Affirmed; Removed from the Rating Monitor
scheme)

Domestic Commercial Paper Program
R&I RATING: b (Affirmed; Removed from the Rating Monitor scheme)

To view the full release, click on:
http://bankrupt.com/misc/TCRAP_SOJITZCORP100504.pdf

CONTACT:

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


* IRCJ To Stop Accepting New Projects in March
----------------------------------------------
The Industrial Revitalization Corporation of Japan will stop
accepting revival assignments in March as scheduled, reveals
Japan Times.

Newly appointed state minister in charge of industrial
revitalization, Seiichiro Murakami, said, "The IRCJ was set up
to help banks clean up their bad debt by next year. We will
aggressively aid companies that can be turned around in the
short time left, but we don't want to drag our feet past the
deadline."

IRCJ, which was set up in 2002 and was given five years to aid
in the rehabilitation of troubled companies, will be dissolved
in March 2007.

Until the creation of the state-backed revitalization body,
turnaround expertise was solely in the hands of foreign funds
such as the U.S.-based Ripplewood Holdings LLC, which bought the
failed Long-Term Credit Bank of Japan and launched it as Shinsei
Bank.

Murakami commended the IRCJ for its work, brushing aside
criticism that only 25 companies have turned to the self-
proclaimed "hospital for ailing firms" so far.

The most recent of the embattled firms seeking IRCJ help was
condominium developer Daikyo Incorporated.

Another big company in the pipeline is major supermarket
retailer Daiei Incorporated. Although Daiei had repeatedly ruled
out IRCJ's involvement in its rehabilitation, the turnaround
body has already taken the first step and is now appraising
Daiaie's assets.


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


HYNIX SEMICONDUCTOR: Launches "MagnaChip Semiconductor"
-------------------------------------------------------
The non-memory chip unit of beleaguered Hynix Semiconductor was
named "MagnaChip Semiconductor", according to Maeil News.

The spun off firm, which is to be sold to Citigroup, was
launched as a new company yesterday.

Hynix Vice President for IC Huh Yum was appointed as the new
entity's chief executive officer (CEO).

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: To Secure US$200 Million in Syndicated Loans
----------------------------------------------------------
Kookmin Bank announced yesterday its plan to borrow US$200
million in syndicated loans by the end of the month, reports
Reuters.

The South Korean Bank will use the loaned amount to refinance
maturing debt.

Kang Nam-chae, an official at Kookmin's international financing
team confirmed the bank has already mandated eight foreign
banks, including HSBC, DBS and Standard chartered, to lead
manage the borrowing.

"We will borrow the funds from the Euromarket, with half of them
carrying one-year maturity and the other two-year maturity," Mr.
Kang told Reuters by telephone.

CONTACT:

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


KOOKMIN BANK: Deal with SK Telecom Benefits Both
------------------------------------------------
Kookmin Bank and SK Telecom Company (SKT) have ended their one-
year feud in favor of profits, relates JoongAng Daily.

The nation's largest commercial bank and largest mobile phone
service provider have finally agreed on a partnership for a
mobile banking service.

The two firms have on Friday begun to provide their "M Bank"
service, which entitles SKT users subscribed to the service to
have a chip that contains their Kookmin Bank account information
installed in their cell phones. The service will also enable
them to check their account balances or transfer money, as well
as purchase Lotto tickets or bid for apartment units using their
handsets.

Kookmin and SKT had been discussing a mobile banking partnership
in October 2003, but the negotiations ended because of clash of
interests. SKT's proposal to sell phones that would enable
subscribers to use its own banking service, Moneta, was rejected
by Kookmin.

The dispute heightened in December 2003 when SKT claimed it was
unfair for Kookmin Bank to sell cellular phones carrying chips
for its mobile banking service with LG Telecom, called "Bank-
On", in September last year.

In attempt to pressure Kookmin, SKT forged a tie-up with Woori
Bank at about the same time Kookmin launched a mobile banking
service with KTF Company.

Finally, SKT gave in and proposed a partnership with Kookmin.

Around 60 percent of Kookmin's 13 million active customers are
also SKT users. SKT has about 19 million subscribers and more
than a 50-percent share in the nation's wireless
telecommunications service market.

According to analysts, SKT had no choice but to join Kookmin, as
the number of subscribers to the mobile banking service from
Kookmin bank has reached 510,000 last month, making up 50
percent of the total subscribers to the service.

But SKT will also benefit from the partnership with Kookmin
Bank. The mobile phone service company will reap its revenues
from fees on data-telecommunications service, aside from
securing a more stable database of subscribers.


* Outstanding Debts of Credit Defaulters Exceed KRW100 Trillion
---------------------------------------------------------------
Korean credit defaulters have an estimated outstanding debt of
over KRW100 trillion, The Chosun Ilbo reports, citing Grand
National Party lawmaker Park Chong-ken.

A report by the Financial Supervisory Service (FSS), likewise,
revealed the total number of credit delinquents came to 3.7
million with total debt estimated to reach KRW100.2 trillion at
5,000 different financial institutions.

According to the report, 1165,000 people owe less than KRW5
million, worth KRW2.42 trillion in debt; 530,000 people owe
between KRW5 million to KRW10 million, worth KRW3.8 trillion in
debt; and 1,677,000 people owe between KRW10 million to KRW100
million, worth KRW57.3 trillion in debt. The number of
defaulters with a debt of over KRW100 million stands at 365,000,
and even at a minimum of KRW100 million each, their combined
debt would reach KRW36.5 trillion.


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


AOKAM PERDANA: Default Status Unchanged
---------------------------------------
Aokam Perdana Berhad, Aokam Industries Sdn Bhd and Pembangunan
Papan Lapis (Sabah) Sdn Bhd, had on 7 September 2004 and 22
September 2004, filed the office copy of the Order from the High
Court of Malaya pursuant to Section 176 and Section 64 of the
Companies Act, 1965 with the Companies Commission of Malaysia.

The issue of continual default remains unchanged.

CONTACT:

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


ARTWRIGHT HOLDINGS: Granted Listing of 10,489 Ordinary Shares
-------------------------------------------------------------
Artwright Holdings Berhad's additional 10,489 new ordinary
shares of RM1.00 each arising from the Conversion of RM15,000
nominal value of 5.5 percent irredeemable convertible unsecured
loan stocks 2002/2007 will be granted listing and quotation with
effect from 9 a.m., Wednesday, 6 October 2004.

CONTACT:

Artwright Holdings Berhad
274909-A
6th Floor
3 Cangkat Raja Chulan
50250 Kuala Lumpur, WP
Malaysia


CONSOLIDATED FARMS: Releases Monthly Status Update
--------------------------------------------------
The Board of Consolidated Farms Berhad (Confarm) announced the
following:

(1) Monthly Status Announcement: Practice Note No. 1/2001

The Confarm Group has been unable to pay the amount of principal
and/or interest in respect of its credit facilities as at 30
September 2004 as set out in Table 1.

There has been no material change in Confarm's status since the
last announcement on 2 September 2004.

(2) Monthly Status Announcement: Practice Note No. 4/2001

There has been no material change in the status of the Company's
plan to regularize its financial condition since the last
announcement on 2 September 2004.

This announcement is dated 4 October 2004.

Table 1

Amount of Principal and/or Interest Due as at 30 September 2004

Lender         Borrower   Amount Due         Type of Facilities
                       as at 30 September
                        2004 (RM'000)

Bank Pertanian  Confarm    9,443.4           Term Loan (TL)
Malaysia (BPM)

Bumiputra-Commerce
Bank Berhad (BCBB) Confarm 10,102.8          Bankers' Acceptance
(BA)

Malayan Banking
Berhad (MBB)       Confarm 10,806.8          TL and BA

BCBB            Consolidated 2,723.8         TL & BA
               Breeder Farms
                  Sdn Bhd

BCBB            Consolidated  10,610.8       TL and BA
               Feedmill Sdn Bhd
                  (CFM)

BPM             Consolidated  117.9          TL
              Organic Fertiliser
                Sdn Bhd (COF)

MBB               COF          296.0         BA

BCBB            Consolidated   1,236.3       TL and BA
             Liquid Eggs Sdn
                Bhd (CLESB)

BPM               CLESB        177.6         TL

AmMerchant     Confarm         229.9      Revolving Credit (RC)
Bank Berhad
(AMBB)

AMBB           CFM             86.2       RC

Total                        45,831.5

CONTACT:

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


CYGAL BERHAD: Discloses Status of Restructuring Plan
----------------------------------------------------
Cygal Berhad referred to the announcement made by Commerce
International Merchant Bankers Berhad on the Company's behalf
dated 15 September 2004. Cygal announced that, other than
previously announced, there has been no further development on
the status of its restructuring plan.

CONTACT:

Cygal Berhad
Lot 4.21, 4th Floor, Plaza Prima
4 1/2 Miles, Jalan Klang Lama
58200 Kuala Lumpur
Tel: 03-7983 9099
Fax: 03-7981 7629


FORESWOOD GROUP: Seeks Restructuring Scheme Approval
----------------------------------------------------
In line with Practice Note No.4/2001 of the Listing Requirements
of the Bursa Malaysia Securities Berhad (Bursa), Foreswood Group
Berhad announced that there is no significant development in
respect of its plan to regularize its financial condition. The
Company is still waiting for Securities Commission's approval on
its Proposed Corporate and Debt Restructuring Scheme.

CONTACT:

Foreswood Group Berhad
Level 4, B59
Taman Sri Sarawak Mall
Jalan Tunku Abdul Rahman
93100 Kuching , Sarawak
Malaysia
Tel no: 6082-428626
Fax no: 6082-423626

This announcement is dated 1 October 2004.


GEAHIN ENGINEERING: Financial Condition Unchanged
-------------------------------------------------
Geahin Engineering Berhad announced that it is still in the
process of implementing the respective proposals under the
Proposed Restructuring Scheme there is no change in the status
of the Company's financial condition.

CONTACT:

Geahin Engineering Berhad
8999 Kawasan Perindustrian
Batu Berendam
(Fasa IV) Batu Berendam
75350 Melaka
Telephone: 06-2819998
Fax: 06-2813988
Website: www.mssa.org.my/geahin


GENERAL SOIL: Submits Restructuring Proposal
--------------------------------------------
Further to the announcement dated 1 September 2004, the Board of
Directors of General Soil Engineering Holdings Berhad announced
that the Proposed Restructuring Scheme have been submitted to
the Securities Commission (SC) on behalf of Foreign Investment
Committee on 14 February 2004.

At of 3 October 2004, the SC is in the midst of finalizing the
Proposed Restructuring Scheme.

CONTACT:

General Soil Engineering Holdings Berhad
346, Jalan Tuanku Abdul Rahman
50100 Kuala Lumpur
Tel: 03-2698 9888
Fax: 03-2693 8580/670


JASATERA BERHAD: Updates Status of Financial Position
-----------------------------------------------------
Reference is made to the announcement dated 29 June 2004 and
paragraph 4.1(b) of the Practice Note 4/2001 (PN 4/2001) wherein
Jasatera Berhad is required to announce the status of its
financial position on a monthly basis until further notice from
the Bursa Malaysia Securities Berhad.

The Company is still in the midst of preparing the necessary
documents to obtain the approvals from the shareholders of
Jasatera at a forthcoming Extraordinary General Meeting to be
convened. In addition, the Company is also in the midst of
negotiating with the bank lenders of Jasatera to further extend
the completion of the debt settlement agreement. The outcome of
the negotiation is still pending and an announcement will be
made upon finalization of the negotiation.

CONTACT:

Jasatera Berhad
31, Jalan SS 15/4E
47500 Subang Jaya, Selangor
Malaysia
E-mail: info@jtera.po.my
Phone: 603-7332888/7742
Fax: 603-7332607


KEMAYAN CORPORATION: To Seek Approval of Restructuring Scheme
-------------------------------------------------------------
The Board of Directors of Kemayan Corporation Berhad (KCB) is
presently still in the midst of preparing the necessary
documents to obtain approvals of the Scheme Creditors and
shareholders at the relevant meetings to be convened.

Further developments in relation to the Proposed Restructuring
Scheme will be made to the Bursa Malaysia Securities Berhad in
due course.

CONTACT:

Kemayan Corporation Berhad
Taman Tasek
Johor Bahru, Johor Bahru 80200
Malaysia
Tel: +60 7 236 2390
Tel: +60 7 236 5307

This announcement is dated 1 October 2004.


KSU HOLDINGS: Releases Regularization Plan Update
-------------------------------------------------
Further to KSU Holdings Berhad's announcement dated 1 September
2004, the Company wishes to inform that as of to date, there has
been no further development on its plan to regularize its
financial condition in compliance with the Practice Note No.
4/2001 on the Criteria and Obligation to Paragraph 8.14 of the
Bursa Malaysia Securities Berhad Listing Requirements.

CONTACT:

KSU Holdings Berhad
No. 1116B & C, 2nd & 3rd Floor
Persiaran Raja Muda Musa
41100 Klang
Selangor Darul Ehsan
Tel: 03-33739191
Fax: 03-33747763


LAFARGE MALAYAN: Unit Enters Voluntary Liquidation
--------------------------------------------------
Lafarge Malayan Cement Bhd referred to its announcement dated 15
September 2003, in connection with the Member's Voluntary
Liquidation of Juta Integrasi (M) Sdn Bhd (JISB), a subsidiary
of the Company.

The Company announced that following the Final Meeting of JISB
convened on 30 September 2004 to conclude the Member's Voluntary
Liquidation of JISB, the Liquidator have on 1 October 2004
lodged a Return Relating To Final Meeting with the Companies
Commission of Malaysia and with the Official Receiver. On the
expiration of 3 months after the said lodgment date, i.e. on 1
January 2005, JISB shall be dissolved.

CONTACT:

LaFarge Malayan Cement Berhad
Level 12, Bangunan TH Uptown 3
No. 3 Jalan SS21/39
47400 Petaling Jaya
Tel : 03-7723 8200
Fax : 03-7722 4100

This announcement is dated 1 October 2004.


MECHMAR CORPORATION: Updates Default Status
-------------------------------------------
Mechmar Corporation (Malaysia) Berhad announced that there is no
change to the repayment schedules agreed with all existing
lenders. Loans are being paid down as per agreed installment
schedules.

CONTACT:

Mechmar Corporation (malaysia) Berhad
HICOM-Glenmarie Industrial Park
Shah Alam, Selangor Darul Ehsan 40150
MALAYSIA
+60 3 5569 2828
+60 5569 1316

For a copy of the loans in default as at 30 September 2004, go
to http://bankrupt.com/misc/tcrap_mechmar100504.xls


MERCES HOLDINGS: Posts Default Status Update
--------------------------------------------
Pursuant to Practice Note 1/2001 of the Listing Requirements of
the Bursa Malaysia Securities Berhad, the Board of Directors of
Merces Holdings Berhad (MHB) announced an update of the banking
facilities currently in default by MHB.

Introduction

Southern Bank Berhad (SBB) had in year 2001 granted an Overdraft
Facility of RM3.5 million and a Revolving Credit Facility of
RM5.0 million to MHB for its working capital requirements. These
facilities are secured by a third party first legal charge over
three (3) pieces of freehold vacant land identified as Lot No.
806, 1540 and 1638, Mukim Beserah, District of Kuantan, Negeri
Pahang Darul Makmur. Details of the default in payments of the
principal and interest are indicated in Table A
http://bankrupt.com/misc/tcrap_merces100504.xls.

(1) Reasons for the default in payment

MHB has not fully recovered from the financial difficulties. The
cash flow of the Group from operations is sufficient to meet
operational requirements only.

(2) Measures by MHB to address the default in payments

SBB had obtained a court order to auction the pledged property
on 23 June 2004. MHB received a second notice for auction of the
pledged property fixed on 15 December 2004 at a reserved price
of RM11,520,000.00 MHB had on 15 September 2004 submitted a
restructuring proposal to SBB to settle an amount of RM20,000.00
per month pending the disposal of the pledged property.
Alternatively, MHB proposes to develop the pledged property to
generate cash flow for settlement of the outstanding. As of
todate, MHB is still awaiting for feedback from SBB in regards
to the proposal.

(3) Financial and legal implications in respect of the default
in payments including the extent of the listed issuer's
liability in respect of the obligations incurred under the
agreements for the indebtedness. The total outstanding is
RM9,640,667.07 but the reserved price of the land is
RM11,520,000. Hence the value of the property is sufficient to
settle the outstanding. Details of the financial implications on
the default are disclosed in Table A.

A winding up petition has been served onto MHB by SBB on 1
September 2004, of which announcement was made on 3 September
2004 to Bursa Malaysia. The winding up petition is scheduled for
hearing on 3 November 2004. Meanwhile, MHB with its solicitors
are taking the appropriate actions in response to the winding up
petition.

(4) In the event of default is in respect of secured loan stocks
or bonds, the lines of action available to guarantors or
security holders against the listed issuer.

Not applicable.

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

Not applicable.

(6) Whether the default in payment constitutes an event of
default under a different agreement for indebtedness (cross
default and the details thereon, where applicable).

The default in payment to SBB could constitute a technical
default for other loans facilities granted by other lenders to
the Group.

(7) Any other information

There are no further changes on the details of credit facilities
currently in default from all those details disclosed in the
previous announcements dated 3rd and 9th September 2004.

CONTACT:

Merces Holdings Berhad
9th Floor, Wisma Sime Darby
14 Jalan Raja Laut
50350 Kuala Lumpur
Tel: 03-2919366
Fax: 03-2928773/2919901


MTD CAPITAL: Purchases 175,400 Ordinary Shares on Buy Back
----------------------------------------------------------
MTD Capital disclosed to the Bursa Malaysia Securities Berhad
the details of its shares buy back on October 4, 2004.

Date of buy back: 04/10/2004

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

Total number of shares purchased (units): 175,400

Minimum price paid for each share purchased (RM): 2.530

Maximum price paid for each share purchased (RM): 2.550

Total consideration paid (RM): 446,077.28

Number of shares purchased retained in treasury (units): 175,400

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

Cumulative net outstanding treasury shares as at to-date
(units): 3,497,200

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

CONTACT:

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


OCEAN CAPITAL: Updates Corporate Restructuring Exercise
-------------------------------------------------------
Ocean Capital Berhad disclosed to the Bursa Malaysia Securities
Berhad that since its announcement dated 1 September 2004 in
relation to the Proposed Corporate Restructuring Exercise of the
Company, there has been no change in the status of the plan.

CONTACT:

Ocean Capital Berhad
No. 43B, 2nd Floor
Changkat Bukit Bintang
50200 Kuala Lumpur
Telephone: 03-21480700
Fax: 03-21454825

This announcement is dated 1 October 2004.


PSC INDUSTRIES: Stops Issue of RCLS
-----------------------------------
As a result of the withdrawal of the Bank Creditors from the
Proposed Debt Restructuring, PSC Industries Berhad will no
longer be issuing the Redeemable Convertible Loan Stocks (RCLS)
B (RCLS B) and the ordinary shares of RM1.00 each in PSCI (PSCI
Shares or Shares). The details of the remaining Bank Creditor in
the Proposed Debt Restructuring are as follows:

Bank Creditor      Outstanding Debt as at    Nominal value RCLS-
A to be
                   30 September 2003 RM      issued RM

Affin Bank Berhad  382,011,382               44,941,000
(ABB)

* The Outstanding Debt of RM382,011,382 owing to ABB (ABB Debt)
will be acquired by Business Focus Capital Sdn Bhd (BF Capital).
BF Capital will then dispose RM16,868,845 of the ABB Debt to
Demand Link Sdn Bhd, an investor.

The Revised Proposals (after taking into account the Recent
Developments) is subject to the approval of the Securities
Commission (of which approval was obtained on 21 September 2004)
and the Ministry of International Trade and Industry (of which
approval was obtained on 26 August 2004). The Company's
shareholders approved the Revised Proposals on 17 May 2004 and
the revision to the Revised Proposals as a result of the Recent
Developments is not subject to shareholders approval.

The Board of Directors of PSCI confirms that the Revised
Proposals (after taking into account the Recent Developments)
can be implemented.

CONTACT:

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

This announcement is dated 4 October 2004.


REKAPACIFIC BERHAD: Unveils FY04 Quarterly Report
-------------------------------------------------
RekaPacific Berhad disclosed to Bursa Malaysia Securities Berhad
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
           15          19             15             19

2 Profit/(loss) before tax
         -60,819     -60,409       -60,819        -60,409

3  Profit/(loss) after tax and minority interest
        -60,819      -60,409      -60,819        -60,409

4  Net profit/(loss) for the period
        60,819       -60,409      -60,819        -60,409

5  Basic earnings/(loss) per shares (sen)
       -11.86         -11.78       -11.86        -11.78

6  Dividend per share (sen)
        0.00           0.00          0.00         0.00

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


7  Net tangible assets per share (RM)

               -4.0100       -3.8900

For a full copy of the report, click on
http://bankrupt.com/misc/tcrap_rekapacific100504.doc
http://bankrupt.com/misc/tcrap_rekapacific100504.xls

CONTACT:

RekaPacific Berhad
77-1 Jl Setiabakti Bukit Damansara
Kuala Lumpur, 50490
MALAYSIA
+60 3 2094 2260
+60 3 2094 2335


SATERAS RESOURCES: Reschedules Court Meeting on November 25
-----------------------------------------------------------
Further to the announcement made on 1st September 2004 pursuant
to paragraph 4.1b of the Practice Note 4/2001 of the Listing
requirements of the Bursa Malaysia Securities Berhad, the Board
of Directors of Sateras Resources (Malaysia) Berhad announced
that at the hearing of the company's application for Court
sanction on 27th September 2004, the Court after hearing the
solicitors for the parties, ordered the petition, the Intervener
Applications and the Originating Summons (for an injunction to
stop the creditors scheme meeting and/or to declare the
creditors scheme meeting null and void) to be adjourned to 25th
November 2004 for mention to enable the parties to reply to the
respective applications and affidavits.

CONTACT:

Sateras Resources (Malaysia) Berhad
19 Jalan Pinang Kuala Lumpur,
Kuala Lumpur 50450
Malaysia Telephone: +60 2162 5288
Telephone: +60 2161 8529


SUNWAY HOLDINGS: Details Fund Raising Exercise
----------------------------------------------
Sunway Holdings Incorporated Berhad (SunInc) referred to the
announcements made by Sunway Construction Berhad (SunCon), a
wholly owned subsidiary of the Company on 15 August 2003, 4
September 2003, 12 February 2004, 24 February 2004 and 7 April
2004 in relation to the Proposed Fund Raising Exercise.

Muhibbah Permai Sdn Bhd, an 80%-owned subsidiary company of
SunCon, and ABS Land & Properties Berhad (ALP) had previously
agreed to extend the completion date to 4 October 2004 for the
sale of the following properties:

(i) Some office lots located within Plaza Pantai erected on part
of Lot Nos. 4096 & 4099, 2508 & 2509 and PT2510 & PT2511 Mukim
of Kuala Lumpur, District of Kuala Lumpur Federal Territory of
Kuala Lumpur (Plaza Pantai); and

(ii) Some office units within Subang Square Corporate Tower,
Subang Business Park and Subang Square Shopping Gallery held
under parent lot Nos. PT 3845 and PT 3846, Mukim of Damansara
District of Petaling (Subang Offices).

The Board of Directors of SunInc wishes to announce that the
sale of Plaza Pantai and Subang Offices has not been completed
as at 4 October 2004.

Accordingly, the amount of RM10.45 million senior asset backed
securitisation notes (Senior ABS Notes) issued by ALP for the
fund raising exercise will be repaid to the respective holders
of the Senior ABS Notes. The amount of RM15.33 million
subordinated class asset backed securitisation notes issued by
ALP to part finance the acquisition of Plaza Pantai and Subang
Offices will also be cancelled.

CONTACT:

Sunway Holdings Incorporated Berhad
Level 16, Menara Sungei Way
Jalan Lagun Timur, Bandar Sunway
46150 Petaling Jaya,
Selangor
Tel: 03-5635 8889
Fax: 03-5634 1349

This announcement is dated 4 October 2004.


WEMBLEY INDUSTRIES: Discloses Practice Note 4/2001 Update
---------------------------------------------------------
Wembley Industries Holdings Berhad disclosed the Company's
Practice Note 4/2001 status to The Bursa Malaysia Securities
Berhad Listing Requirements as follows:

Contents:

1. PN4

1.1 On 23 February 2001, the Company announced to Bursa Malaysia
Securities Berhad (the Exchange) that the Company is an affected
listed issuer pursuant to Practice Note No. 4/2001 (PN4) as the
Auditors of the Company had expressed a disclaimer opinion of
the going concern of the Company and its subsidiaries. As an
affected listed issuer, the Company has its obligations under
PN4.

1.2 The Requisite Announcement as required under PN4 was made to
the Exchange on 31 July 2002.

1.3 The applications for its regularization plan were submitted
to the Securities Commission (SC) and Foreign Investment
Committee (FIC) on 29 October 2002.

On 7 January 2003, the FIC approved the Company's regularization
plan. Subsequently, on 7 April 2003 the FIC revised its approval
to include the possible participation of Daewoo Corporation, the
former turnkey contractor of Plaza Rakyat Project in the
Proposed Debt Restructuring. As a result, the approval of FIC
now includes the approval for the additional RM112 million ICULS
and 11.2 million warrants to be issued to Daewoo Corporation (in
the event Daewoo participates in the Proposed Debt
Restructuring). The condition that the FIC would review the
equity structure of the WIHB shares 3 year after the completion
of the proposals remains the same. The revised approval
supercedes the approval dated 7 January 2003.

On 27 January 2003, the SC approved the regularization plan
subject to the conditions as set out in the SC's approval letter
dated the same. The details of the SC's conditions are set out
in the Company's announcement dated 5 February 2003.

On 13 January 2004, Alliance Merchant Bank Berhad (Alliance)
announced on behalf of the Company certain revisions to the
Company's regularization plan. The application to the SC for the
said revisions will be made within two (2) months from 13
January 2004.

On 16 January 2004, the SC further approved an extension of time
of one (1) year to 27 January 2005 for the Company to complete
the implementation of its regularization plan following an
application made by Alliance.

On 12 March 2004, Alliance announced on behalf of the Company
further revisions to the Company's regularization plan. The
application to the SC for the said revisions will be made by
within one (1) month from 12 March 2004. On 12 April 2004,
Alliance announced on behalf of the Company that the Company
intends to submit the application to the SC within one (1) month
from 12 April 2004, after incorporating its latest audited
results for the financial year ended 31 December 2003. On 13 May
2004, the Company further announced that the terms and
conditions of the Debt Restructuring Agreement (DRA) have been
agreed upon and signed by all the financial institutions and
creditors participating in the Proposed Debt Restructuring
except for one creditor. The Company is currently making
strenuous efforts to resolve an outstanding issue with the said
creditor prior to the signing of the DRA. The Company expects
the said issue to be resolved soon. As such, the Company's
application to the SC in respect of the proposed revision to the
Company's regularization plan will be submitted after the
signing of the DRA by the said creditor.

1.4 The regularization plan is also pending the approvals of the
shareholders of the Company and other relevant authorities.
1.5 The Company has received a notice dated 2 January 2003 from
the Exchange noting that the Company has failed to obtain all
regulatory approvals necessary for the implementation of its
regularization plan by 31 December 2002 pursuant to paragraph
5.0 of PN4.

Given the above, the Exchange has suspended the trading of the
securities of the Company pursuant to paragraphs 8.14 and 16.02
of the Listing Requirements with effect from 9.00 a.m., Friday,
10 January 2003 until further notice.

1.6 On 8 July 2004, the Exchange issued a ninth reminder
pursuant to PN4 to the Company to remind the Company to
implement its regularization plan within the timeframe or
extended timeframe prescribed by the Securities Commission
failing which the Exchange will commence de-listing procedures
against the Company.

2.0 INVESTIGATIVE AUDIT

2.1 On 26 March 2003, the Company announced that it had on 22
March 2003 appointed Messrs Horwath, Kuala Lumpur Office as the
independent audit firm to carry out an investigative audit on
the previous losses incurred by the Company. The said
appointment is in compliance with one of the conditions imposed
by the SC in approving the Company's regularisation plan. The
Investigative Audit is required to be completed within 6 months
from the date of appointment.

On 22 December 2003, Alliance announced that the Company had
sought for a further extension of time from the SC until 22 June
2004 for Messrs Horwath to complete the investigative audit of
WIHB. The SC had vide its letter dated 7 January 2004 approved
the extension of time until 22 March 2004 to complete the
investigative audit. The said approval granted by the SC is
subject to the condition that Messrs Horwath is required to
furnish to the SC a monthly report in relation to the
development of the investigative audit on WIHB.

On 22 March 2004, Alliance announced that an application to the
SC was made for a further extension of time until 22 September
2004 for Messrs Horwath to complete the investigative audit of
WIHB. The SC had vide its letter dated 2 June 2004 approved the
extension of time until 22 September 2004 to complete the
investigative audit. The said extension will be the final
extension of time for WIHB to complete its investigative audit.

On 23 September 2004, the Company announced that the
investigative audit of WIHB undertaken by Messrs Horwath, Kuala
Lumpur office has not been completed as at 22 September 2004. As
such, on 23 September 2004, Messrs Horwath had made an
application to SC to request for a further extension of time for
a period of six (6) months up to 22 March 2005 to complete the
Investigative Audit of WIHB. The approval from the SC is still
pending.

3.0 OTHER MATTERS IN RESPECT OF PRACTICE NOTE NO. 10/2001 (PN10)

3.1 On 7 September 2001, the Company announced to the Exchange
that the Company is deemed an affected listed issuers pursuant
to paragraph 2.1(c) of PN10. Under paragraph 2.1(c) of PN10, a
listed issuer, who has insignificant business or operations, is
deemed to have inadequate level of operations. Insignificant
business or operations means business or operations, which
generates revenue on a consolidated basis that represents 5 % or
less of the issued and paid up share capital of the listed
issuer.

3.2 As an affected listed issuer under PN10, the Company must
comply with the obligations set out in paragraph 6 of PN10. The
Exchange has informed the Company that since the Company is also
an affected listed issuer under PN4, the requirements and
obligations of PN4 would prevail over those of PN10. It is
expected that the Company's regularization plan would address
both its financial condition (PN4) and the level of operations
(PN10) to warrant a continuing listing on the Official List.

CONTACT:

Wembley Industries Holdings Berhad
No 1 Jalan Pandungan
Kuching, Sarawak 93100
Malaysia
+60 82 236920
+60 82 236922

This announcement is dated 4 October 2004.


WOO HING: Releases Monthly Status on Regularization Plan
--------------------------------------------------------
Commerce International Merchant Bankers Bhd (CIMB), on behalf of
Woo Hing Brothers (Malaya) Berhad (WHB), announced that the
Securities Commission (SC) has via its letter dated 2 September
2004 approved the following:

(a) A third extension of time for a period of five (5) months
until 6 January 2005 to implement the proposed transfer of
listing status to Kamdar Group (M) Berhad (KGMB).

(b) The moratorium condition on the disposal of 50% of the total
ordinary shares of RM1.00 each and Irredeemable Convertible
Unsecured Loan Stock (ICULS) in KGMB to be received by the
vendors of the "Revenue-Based Companies" and "Asset-Based
Companies", whereby they are not allowed to sell, transfer or
assign his/her holdings of the KGMB Shares and KGMB ICULS for
one year from the date the KGMB Shares and KGMB ICULS are listed
Bursa Malaysia Securities Berhad.

However, the SC has rejected exemption sought by the Special
administrators of WHB and Kamdar Sdn Bhd (KSB) to comply with
the conditions imposed on the property bearing the address of
No. 61, Jalan SS2/64, Petaling Jaya, Selangor (SS2 Property).
WHB and KSB are given up to 6 August 2005 to obtain all
necessary approvals from all relevant authorities for the
renovations made on the SS2 Property subject to the conditions
imposed by the SC.

The details of the above conditions are highlighted in CIMB's
announcements dated 3 September 2004, 6 September 2004 and 8
September 2004.

Yours faithfully
HENG JI KENG
Special Administrator

CONTACT:

Woo Hing Brothers (Malaya) Berhad
179 Jalan Bukit Bintang
Kuala Lumpur, 55100
Malaysia
+60 3 2144 1233
+60 3 2142 2228

This announcement is dated 1 October 2004.


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


MAYNILAD WATER: Creditors Seek Auditor To Review Rehab Plan
-----------------------------------------------------------
Creditors of Maynilad Water Services, Inc. have asked the Quezon
City Regional Trial Court to appoint an independent auditor and
technical consultant to study the feasibility of its revised
rehabilitation plan, the Business World reports.

Bridge loan banks, led by BNP Paribas, said there is a need to
verify whether Maynilad could indeed return to financial
profitability based on the assumptions used in the proposed
recovery plan.

These financial institutions, which also include Citibank N.A.
(Manila branch), Fortis Bank NV-SA, KBC Bank N.V. (Manila
branch), UFJ Bank Ltd. and Citicorp International Ltd, said
Judge Reynaldo B. Daway should first consult them before naming
an auditor and consultant or engineer to ensure those who will
be appointed are "trustworthy."

An independent auditor is needed to monitor Maynilad's cash flow
and institute internal controls. The auditor will also be tasked
to verify the firm's financial data to determine whether
Maynilad can meet its rescheduled debt obligations.

The appointee should be competent to provide alternative
financial projections based on differing business scenarios.

CONTACT:

Maynilad Water Services Inc
Building G/F MWSI Building Street Katipunan Road
Area MWSS Compound, Balara
Town Quezon City
Philippines


NATIONAL STEEL: Lawyers Warn of Possible Php1B Losses in Sale
-------------------------------------------------------------
Lawyers from the Rogue & Butuyan Law Offices said the Bangko
Sentral ng Pilipinas (BSP) would lose Php1 billion in potential
revenues under the Php13.25-billion deal between Indian steel
giant Global Infrastructure Holdings Ltd. (GIHL) and the
creditor banks of National Steel Corporation (NSC), ABS-CBN News
reports.

The group of lawyers said the government would lose at least
Php1 billion from the nonpayment of capital gains tax,
documentary stamp tax, transfer fees, and registration fees.

The letter that was signed by lawyers Napoleon Reyes, Gary
Mallari and Rommel Bagares showed the losses would be incurred
once incentives and privileges under the special purpose vehicle
(SPV) law are extended to the new owners of the erstwhile
largest steel producer in Asia.

The three lawyers asked Buenaventura to put on hold the issuance
of the required SPV Certificate of Eligibility to the creditor
banks of NSC led by Philippine National Bank (PNB) that would
pave the way for the closing of the Php13.25-billion agreement.

CONTACT:

National Steel Corporation
NSC Building Street 377 Sen.
Gil J. Puyat Avenue Area
Makati City, Metro Manila


SOLID CEMENT: DTI Lifts Ban On Island Cement Sale
-------------------------------------------------
Solid Cement Corp. (SCC) has been vindicated of selling alleged
"substandard" cement after the Department of Trade and Industry
(DTI) lifted on Monday its initial cease-and-desist order (CDO)
against the sale, distribution and marketing of its cement
products, the Philippine Star reports.

However, the DTI will still conduct a monthly surveillance and
monitoring audit of its Antipolo plant. The DTI had conducted a
new round of test on the cement products of SCC following the
filing by SCC of a motion for retest.

Last August 12, the DTI issued a CDO prohibiting Solid Cement
from selling, distributing, delivering and disposing of Island
Cement or any brand manufactured inside its Antipolo plant to
customers, dealers and distributors, including batching plants
and hardware stores as a preventive measure to protect consumers
against substandard cement. Cemex, one of the three largest
cement producers in the world, threatened to close down Solid
Cement's plant last September 8 after the government refused to
allow the company to sell and distribute its flagship cement
brand in the country.


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


ALL BUILDING: Winding Up Order Made
-----------------------------------
In the matter of All Building Supply Pte Ltd with registered
office at 336 Smith Street #06-308 New Bridge Centre Singapore
050386, a winding up order was issued on the 24th day of
September 2004.

Name and address of Liquidators: Mick Aw Cheok Huat and Neo Keng
Jin Messrs Moore Stephens
11 Collyer Quay
#10-02 The Arcade
Singapore 049317

Messrs Madhavan Partnership
Mick Aw Cheok Huat
Solicitors for the Petitioner

This Singapore Government Gazette notice is dated October 1,
2004.


CHIP HUAT: Court Issues Winding Up Notice
-----------------------------------------
In the Matter of Chip Huat Construction Co. Pte Ltd., a Winding
Up Order was made on the 24th of September 2004.

Name and address of Liquidators: Mr Tay Swee Sze care of
Messrs Tay Swee Sze & Associates of
30 Robinson Road,
#04-01 Robinson Towers,
Singapore 048546.

Rajah & Tann
Solicitors for the Petitioner

Note:

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

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

This Singapore Government Gazette notice is dated October 1,
2004.


INFORMATICS HOLDINGS: Posts Change in Shareholder's Interest
------------------------------------------------------------
Informatics Holdings Ltd on October 4 released a notice at the
Singapore Stock Exchange pertaining to the change in the
percentage level of Berjaya Group Berhad's interest.


Part I

(1) Date of notice to issuer: October 4, 2004

(2) Name of Substantial Shareholder: Berjaya Group Berhad

(3) Please tick one or more appropriate box(es):
x a Change in the Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest. [Please
complete Parts III and IV]

Part II

(1) Date of change of interest:

(2) Name of Registered Holder:

(3) Circumstance(s) giving rise to the interest or change in
interest:

(4) Information relating to shares held in the name of the
Registered Holder:

No. of shares held before the change:
As a percentage of issued share capital:

No. of shares which are the subject of this notice:
As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received:

No. of shares held after the change:
As a percentage of issued share capital:

Part III

(1) Date of change of interest: October 4, 2004

(2) The change in the percentage level: From 29.07% to 29.07%

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
Please specify details: Full subscription of shares pursuant to
the Rights Issue of one (1) new ordinary share together with one
(1) warrant for every four (4) exisiting shares held by the
related companies, Berjaya Leisure Capital (Cayman) Limited and
Berjaya General Insurance Berhad.

(4) A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

Subscription of rights entitlement

Part IV
1) Holdings of Substantial Shareholder, including direct and
deemed interest:

                                             Direct  Deemed
No. of shares held before change:        91,152,000
% of issued share capital:                    29.07

No. of shares held after change:        113,940,000
% of issued share capital:                    29.07


Pursuant to the aforesaid rights issue of Informatics Holdings
Ltd ("Informatics"), Berjaya Leisure Capital (Cayman) Limited
and Berjaya General Insurance Berhad also has an interest in the
warrants of Informatics as follows :

                                            No. of Warrants    %
(1) Berjaya Leisure Capital (Cayman) Limited   20,867,750  26.62
(2) Berjaya General Insurance Berhad            1,920,250   2.45
                                               ----------  -----
                                               22,788,000  29.07

Submitted by:
Raymond Quek Hiong How
Company Secretary


INFORMATICS HOLDINGS: Shareholder's Interest Changes
----------------------------------------------------
Informatics Holdings Ltd released a notice on October 4, 2004,
at the Singapore Stock Exchange pertaining to the change in the
percentage level of Teras Mewah's interest for.

Part I

(1) Date of notice to issuer: October 4, 2004

(2) Name of Substantial Shareholder: Teras Mewah Sdn Bhd

(3) Please tick one or more appropriate box(es):
x a Change in the Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest. [Please
complete Parts III and IV]

Part II

(1) Date of change of interest:

(2) Name of Registered Holder:

(3) Circumstance(s) giving rise to the interest or change in
interest:

(4) Information relating to shares held in the name of the
Registered Holder:

No. of shares held before the change:
As a percentage of issued share capital:

No. of shares which are the subject of this notice:
As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received:

No. of shares held after the change:
As a percentage of issued share capital:


Part III

(1) Date of change of interest: October 4, 2004

(2) The change in the percentage level: From 26.62% to 26.62%

(3) Circumstance(s) giving rise to the interest or change in
interest: Others

Please specify details: Full subscription of shares pursuant to
the Rights Issue of one (1) new ordinary share together with one
(1) warrant for every four (4) existing shares held by the
related company, Berjaya Leisure Capital (Cayman) Limited.

(4) A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

Subscription of rights entitlement

Part IV
(1) Holdings of Substantial Shareholder, including direct and
deemed interest:

                                          Direct      Deemed
No. of shares held before change:     83,471,000
% of issued share capital:                 26.62

No. of shares held after change:     104,338,750
% of issued share capital:                 26.62


Pursuant to the aforesaid rights issue, Berjaya Leisure Capital
(Cayman) Limited also has an interest in 20,867,750 warrants
issued by Informatics Holdings Ltd

Submitted by:
Raymond Quek Hiong How
Company Secretary


INFORMATICS HOLDINGS: Reveals Change in Shareholder's Interest
--------------------------------------------------------------
Informatics Holdings Ltd released a notice on October 4, 2004,
at the Singapore Stock Exchange pertaining to the change in the
percentage level of Berjaya Leisure Capital's interest.

Part I

(1) Date of notice to issuer: October 4, 2004

(2) Name of Substantial Shareholder: Berjaya Leisure Capital
(Cayman) Limited

(3) Please tick one or more appropriate box(es):
x a Change in the Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest. [Please
complete Parts III and IV]

Part II

(1) Date of change of interest:

(2) Name of Registered Holder:

(3) Circumstance(s) giving rise to the interest or change in
interest:

(4) Information relating to shares held in the name of the
Registered Holder:

No. of shares held before the change:
As a percentage of issued share capital:

No. of shares which are the subject of this notice:
As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received:

No. of shares held after the change:
As a percentage of issued share capital:

Part III

(1) Date of change of interest: October 4, 2004
(2) The change in the percentage level: From 26.62% to 26.62%

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
Please specify details: Full subscription of shares pursuant to
the Rights Issue of (1) new ordinary share together with one (1)
warrant for every four (4) existing shares held

(4) A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

Subscription of rights entitlement

Part IV

(1) Holdings of Substantial Shareholder, including direct and
deemed interest:
                                           Direct    Deemed
No. of shares held before change:      83,471,000
% of issued share capital:                  26.62

No. of shares held after change:      104,338,750
% of issued share capital:                  26.62

Pursuant to the aforesaid rights issue, Berjaya Leisure Capital
(Cayman) Limited also has an interest in 20,867,750 warrants
representing 26.62% of the total warrants issued by Informatics
Holdings Ltd

Submitted by:
Raymond Quek Hiong How
Company Secretary


INFORMATICS HOLDINGS: Berjaya Land's Holding Changes
----------------------------------------------------
Informatics Holdings Ltd released a notice on October 4, 2004,
at the Singapore Stock Exchange pertaining to the change in the
Percentage Level of the interest of Berjaya Land Berhad.

Part I

(1) Date of notice to issuer: October 4, 2004

(2) Name of Substantial Shareholder: Berjaya Land Berhad

(3) Please tick one or more appropriate box(es):
x a Change in the Percentage Level of a Substantial
Shareholder's Interest or Cessation of Interest. [Please
complete Parts III and IV]

Part II
(1) Date of change of interest:

(2) Name of Registered Holder:

(3) Circumstance(s) giving rise to the interest or change in
interest:

(4) Information relating to shares held in the name of the
Registered Holder:

No. of shares held before the change:
As a percentage of issued share capital:

No. of shares which are the subject of this notice:
As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received:

No. of shares held after the change:
As a percentage of issued share capital:

Part III

(1) Date of change of interest: October 04, 2004

(2) The change in the percentage level: From 26.62% to 26.62%

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
Please specify details: Full subscription of shares pursuant to
the Rights Issue of one (1) new ordinary share together with one
(1) warrant for every four (4) existing shares held by Berjaya
Leisure Capital (Cayman) Limited, a wholly-owned subsidiary of
BLand.

(4)A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

Subscriptions of rights entitlement.

Part IV

(1) Holdings of Substantial Shareholder, including direct and
deemed interest:
                                            Direct     Deemed
No. of shares held before change:       83,471,000
% of issued share capital:                   26.62

No. of shares held after change:       104,338,750
% of issued share capital:                   26.62

Pursuant to the aforesaid rights issue, Berjaya Leisure Capital
(Cayman) Limited also has an interest in 20,867,750 warrants
representing 26.62% of the total warrants issued by Informatics
Holdings Ltd

Submitted by:
Raymond Quek Hiong How
Company Secretary


INFORMATICS HOLDINGS: Reveals Change in Shareholder's Interest
--------------------------------------------------------------
Informatics Holdings Ltd released a notice on October 4, 2004,
at the Singapore Stock Exchange pertaining to the change in the
Percentage Level of Tan Sri Dato' Seri Vincent Tan Chee Yioun's
interest.

Part I

(1) Date of notice to issuer: October 04, 2004

(2) Name of Substantial Shareholder: Tan Sri Dato' Seri Vincent
Tan Chee Yioun, also a director of the Company

(3) Please tick one or more appropriate box(es):
a Change in the Percentage Level of a Substantial Shareholder's
Interest or Cessation of Interest. (Please complete Parts III
and IV)

Part II

(1) Date of change of interest:

(2) Name of Registered Holder:

(3) Circumstance(s) giving rise to the interest or change in
interest:

(4) Information relating to shares held in the name of the
Registered Holder:

No. of shares held before the change:
As a percentage of issued share capital:

No. of shares which are the subject of this notice:
As a percentage of issued share capital:

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received:

No. of shares held after the change:
As a percentage of issued share capital:

Part III

(1) Date of change of interest: October 4, 2004

(2) The change in the percentage level: From 29.07% to 29.07%

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
Please specify details: Full subscription of shares pursuant to
the Rights Issue of one (1) new ordinary share together with one
(1) warrant for every four (4) existing shares held by the
related companies of Berjaya Group Berhad, namely, Berjaya
Leisure Capital (Cayman) Limited and Berjaya General Insurance
Berhad.

(4) A statement of whether the change in the percentage level is
the result of a transaction or a series of transactions.

Subscription of rights entitlement

PART IV
(1) Holdings of Substantial Shareholder, including direct and
deemed interest:

                                          Direct       Deemed
No. of shares held before change:      91,152,000
% of issued share capital:                  29.07
-
No. of shares held after change:      113,940,000
% of issued share capital:                  29.07

Pursuant to the aforesaid rights issue of Informatics Holdings
Ltd ("Informatics"), Berjaya Leisure Capital (Cayman) Limited
and Berjaya General Insurance Berhad also has interest in the
warrants of Informatics as follows:

                                            No. of Warrants    %
(1) Berjaya Leisure Capital (Cayman) Limited   20,867,750  26.62
(2) Berjaya General Insurance Berhad            1,920,250   2.45
                                               ----------  -----
                                               22,788,000  29.07

Submitted by:
Raymond Quek Hiong How
Company Secretary


KTD PRIVATE: General Meeting Set November 2
-------------------------------------------
Notice is hereby given that the Final General Meeting of the
members of KTD (Singapore) Private Limited will be held at
Arimino Building, 3F, 1-5-22, Shimoochiai Shinjuku-ku, Tokyo
161-0033 Japan on 2nd November 2004 at 10:00 am for the
following purposes:

(1) To receive an account from the Liquidators showing the
manner in which the winding up has been conducted and the
property of the Company disposed of, and to hear any
explanations that may be given by the Liquidators.

(2) To determine by resolution the manner in which the books,
accounts and documents of the Company and of the Liquidators,
shall be disposed of.

Dated this 1st day of October 2004.

Kon Yin Tong
Wong Kian Kok
William Caven Hutchison
Joint Liquidators

Note: A member entitled to attend and vote at the General
Meeting is entitled to appoint a proxy to attend and vote in his
stead. All proxies should be deposited at the Liquidators'
Office not less than forty-eight hours before the time for
holding the meeting or any adjournment thereof. A proxy need not
be a member of the Company.

This Singapore Government Gazette notice is dated October 1,
2004.


MYBIZ SINGAPORE: Issues Notice to Unsecured Creditors
-----------------------------------------------------
A notice to the unsecured creditors of MyBiz Singapore Pte Ltd,
a company on liquidation, is issued to declare their first and
final dividend.

Address of registered office: 3 Phillip Street
#18-00 Commerce Point Singapore 048693.

Last day for receiving proofs: 15 October 2004.

Name of Liquidator: Shanker Iyer.

Address of Liquidator: c/o 3 Phillip Street
#18-00 Commerce Point
Singapore 048693.

Shanker Iyer
Liquidator

This Singapore Government Gazette notice was posted on October
4, 2004.


WORLD JACK: Creditors to Prove Claims by November 1
---------------------------------------------------
Notice is hereby given that the creditors of World Jack Trading
Pte Ltd, which is being voluntarily wound up, are required on or
before the 1st day of November 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.

Singapore, 28th September 2004.

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 October 1
2004.


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T H A I L A N D
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DATAMAT: Details Sale of Investment in Subsidiary
-------------------------------------------------
In accordance to the resolution of the Board of Directors'
Meeting of Datamat Public Company Limited held on September 10,
2004 which resolve to approve the sale of investment in
Definitely Corporation Co., Ltd. and the sale of the Company's
land including structure in Chaing Mai, which the company has
reported on September 10,2004, the Company would like to provide
the additional information as follows:

(1) On September 30, 2004, the Company has entered into the
share purchase agreement with Mr. Nines Na Nakorn, who has no
relationship with the Company and the Company's subsidiaries, in
amount of 10,020,000 shares at THB10 par, totaling 60% of shares
in Definitely Corporation Co., Ltd. worth THB36,000,000.

The Company has invested in Definitely Corporation Co., Ltd for
THB13.2 million. Currently, the Book Value of the Company's
investment in Definitely Corporation Co., Ltd is THB2.88
million. The Company will earn profit from the sale of
investment amounting to THB22.8 million and THB33.12 million
based on the Book Value.

(2) On September 23, 2004, the Company has entered in to the
contract and transfer the registered ownership of the Company's
land at Tambol Changklan, Amphur Meung Chaing Mai, Chaing Mai
Province, including the townhouse located at 292 Chaing Mai Land
Village to Mrs. Chanta Wilad for THB3,800,000, which is the
market price. The Company is in the process of moving the Chaing
Mai office to the proper office building.

The Company hereby certifies that the aforementioned ransactions
are not under the scope of the acquisition and Disposition of
Assets of Listed Companies, which required approval from the
shareholders, in accordance to the Notification of the Stock
Exchange of Thailand, Re: Rules, Procedures and Disclosure of
Information Concerning the Acquisition and Disposition of Assets
of Listed Companies.

For your information.

Sincerely yours,
Signature
Kusol Sangkananta
Director and Secretary to the Board

CONTACT:

Datamat Public Company Limited
Asoke Towers, Floor 17, 18 And 19,
219 Soi Asoke (Sukhumvit 21),
Sukhumvit Road, Klongtoey Nua,
Watthana Bangkok
Telephone: 0-2310-5111
Fax: 0-2319-8208
Web site: www.datamat.co.th


JASMINE INTERNATIONAL: Releases Results of JAS-W2 Conversion
------------------------------------------------------------
The resolution of the Board of Directors' meeting of Changwatana
Planner Co., Ltd. as the Plan Administrator of Jasmine
International Public Company Limited (the Company) held on
September 25, 2003 approved the issuance and offer warrants
(JAS-W2) at the number of 551,970,477 units to purchase new
shares to the existing shareholders, whose names appear on the
registration book at the closing date on 20 October 2003.

After that the Board of Directors' meeting of the Plan
Administrator held on December 24, 2003 passed the resolution to
proceed changing the par value of shares of the Company (par
split) from the par value of THB10 per share to be THB1 per
share, so the number of JAS-W2 was increased to be 5,519,704,770
units.

The holders of JAS-W2 can exercise his/her right to purchase the
Company's common shares every three months during 8.30 hrs to
15.30 hrs on the 30th day of March, June, September and December
of each year through the maturity date.

On 30 September 2004 (the exercise date), the holders of JAS-W2
announced their intention to exercise at the ratio of 1 right
warrant into 1 common share at THB0.50 per share.  The Company
would like to report the results of warrant conversion to common
shares as follows:


No. of warrant holders  No. of warrants   No. of common shares

(1) Thai national
    4 Persons           540,000 Units     540,000 Shares

(2) Foreign national
    1 Person            101,250 Units     101,250 Shares

Total
    5 Persons           641,250 Units     641,250 Shares

After this conversion, there are 5,036,195,910 remaining
warrants and the Company will have a paid-up capital from the
warrant conversion increased from THB8,317,697,550 to
THB8,318,338,800.

Please be informed accordingly.

Signature
Authorized director
(Mr. Somboon  Patcharasopak)
Chaengwatana Planner Co., Ltd., Plan Administrator of
Jasmine International Public Company Limited

CONTACT:

Jasmine International Public Company Limited
200 Fl. 30, Moo 4, Chaengwatthana Rd.,
Pak Kret, Nonthaburi
Telephone: 0-2502-3000-7
Fax: 0-2502-3150-2
Web site: www.jasmine.co.th


TONGKAH HARBOUR: SET Grants Listed Securities
---------------------------------------------
Starting yesterday, the Stock Exchange of  Thailand (SET)
allowed the securities of  Tongkah Habour Public Company Limited
(THL) to be traded on the SET after finishing capital increase
procedures.

LISTED SECURITIES GRANTED BY THE SET

Name                 :  THL

Paid up Capital
     Old             :  554,837,270 Baht (Common Stock
554,837,270  Shares)
     New             :  605,551,570 Baht (Common Stock
605,551,570 Shares)

Par Value            :  THB1

Allocate to          :

(1) Elite Fund/PYN Fund Management:  40,000,000 shares
(2) Mr. Henry Ka Leung slum:         10,714,300 shares

Total                                50,714,300 shares

Ratio                 :   -

Price Per Share       :  THB2.50 per share
Payment Date          :  28 September 2004

CONTACT:

Tongkah Harbour Public Company Limited
Muang Thai Phatra Office Tower 1,
Floor 7, 252/11 Rachadapisek Road,
Huai Khwang Bangkok
Telephone: 0-2695-4912-28
Fax: 0-2695-4901


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

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