TCRAP_Public/041026.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, October 26, 2004, Vol. 7, No. 212

                            Headlines

A U S T R A L I A

CASTLEMAINE NO.8: Completes Winding Up Process
CEBALLOS HOLDINGS: To Hold Final Meeting on October 29
CEYLON SALES: Schedules Meeting on October 29
EAGLEHAWK NO.18: Winding Up Process Completed
ENTERPRISE NO.10: Concludes Winding Up

EUSTON ENGINEERING: Colin G. Thomas Appointed as Liquidator
GOLFLAND CORPORATION: Court Appoints Liquidator
H.A. WALTER: Sets November 3 as Final Meeting Date
JAMES HARDIE: Mr. Carr Says Suspension of Execs' Payout Possible
JAMES HARDIE: Pledges Support to MRCF

JAY DEE'S: Final Meeting Set October 28
LANDOR ENTERPRISES: Final Meeting Slated for October 28
LEISA'S SWAGS: Winds Up Voluntarily
MARKET PRODUCE: ASIC Bans Former Director
MAYNE GROUP: To Hold AGM on November 9

PAUL BURKETT: Voluntarily Winds Up
ST. ARNAUD: Holds General meeting Today
SWAN HILL: General Meeting Set Today
T&A SECURITIES: Issues Notice of Final Meeting


C H I N A  &  H O N G  K O N G

AMERY CONSTRUCTION: Enters Winding Up Proceedings
CHATWIN ENGINEERING: Faces Bankruptcy Proceedings
CHINA CONSTRUCTION: Profits Climb 21.5%
BANK OF COMMUNICATIONS: Denies Early Sales Report
OPAL PRINTING: Posts Intended Dividend Notice

SHORTRIDGE LIMITED: Creditors First Meeting Set November 11
SINO CHEER: Court to Hear Winding Up Petition on November 10


I N D O N E S I A

PERTAMINA: To Sell Part of Its Assets To Pay KBC Claim
SEMEN GRESIK: Clarifies Article on Unit's Audit
* Plastic Packaging Sector May Book Zero Profit This Year


J A P A N

DAIEI INCORPORATED: New Head Shuns Plan to Focus on Food Venture
DAIEI INCORPORATED: Tussle for Outlets Heats Up
DAIKYO INCORPORATED: Citigroup Named Potential Sponsor for Rehab
MITSUBISHI MOTORS: U.S. Unit Completes Work Force Reductions
MITSUBISHI MOTORS: To Bolster Overseas Sales for Revival

MITSUBISHI MOTORS: Launches Grandis Minivan in Thailand
MITSUBISHI MOTORS: Brings Improved Colt Compact Car to Market
TOSHIBA CORPORATION: Revises Business Forecasts for 1H/FY2004


K O R E A

KOOKMIN BANK: Releases Operating Results for 3Q/2004
KOREA EXCHANGE: Application for ERP Higher than Expected


M A L A Y S I A

CONSOLIDATED FARMS: Updates Default Status
DAI HWA: Releases Practice Note No. 10/2001 Update
DENKO INDUSTRIES: Issues Litigation Update
GENERAL SOIL: Reschedules Shareholder's Meeting
I-BERHAD: Appoints Chairman of Nomination Committee

METROPLEX BERHAD: Releases Restraining Order Notice
NAIM INDAH: Lists Additional New Shares
NALURI BERHAD: Court Hearing Postponed to November 23
PSC INDUSTRIES: Answers Bursa Malaysia Query
SRIWANI HOLDINGS: SC Oks Extension of Rehab Plan Implementation

TALAM CORPORATION: Issues Additional 81,000 New Ordinary Shares


P H I L I P P I N E S

COLLEGE ASSURANCE: Aims to Sell Additional Plans To The Public
MANILA ELECTRIC: To Hike Generation Charge by P0.008/kWh
MANILA ELECTRIC: To Release Quarterly Results on October 27
NATIONAL POWER: PSALM Orders To Reevaluate 17 Power Plants
NEGROS NAVIGATION: Looks For New Investor To Inject PhP127M

NEGROS NAVIGATION: Details De-listing Proposal
PHILIPPINE REALTY: Unveils Amended Annual Report


S I N G A P O R E

CLS PACIFIC: Creditors To Submit Claims by November 22
HONG LEONG: Posts Change in Shareholder's Interest
INFORMATICS HOLDINGS: Uses Proceeds from Rights Issue
MASTERS AIRFREIGHT: Creditors Must Prove Debts by November 22
V. ELEVATOR: Winding Up Hearing Slated for November 12

WEE POH: Details Use of Proceeds from New Shares Placement
WEE POH: Discloses Contents of Circular
WEE POH: Posts Auditors' Opinion on Financial Statements


T H A I L A N D

CAPETRONIC INTERNATIONAL: SET Excludes Stock from Index
CENTRAL PAPER: Issues Update on Rehabilitation
CHRISTIANI & NIESEN: Unveils Result of the Sale of Shares
PRASIT PATANA: Issues Progress Report on Operations
* BOND PRICING: For the Week 25 October to 29 October 2004

     -  -  -  -  -  -  -  -

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


CASTLEMAINE NO.8: Completes Winding Up Process
----------------------------------------------
Take notice that the affairs of Castlemaine No. 8 Co-Operative
Housing Society Limited (In Liquidation) are now fully wound up
and that in pursuance of the Corporations Law and of the Co-
operative Housing Societies Act 1958, a general Meeting of the
Society will be held at 1st Floor, Killians Walk, Bendigo on the
26th of October 2004 at 4:00 p.m. for the purposes of:

(i) Laying before it an account showing how the winding up has
been conducted and the property of the Society disposed of, and
giving any explanation thereof; and

(ii) Passing a resolution that the books and papers of the
Society and of the Liquidator relevant to the affairs of the
Society be destroyed after a period of twelve months from the
date of the meeting.

Dated this 8th day of September 2004

R.J. Pitson
Liquidator


CEBALLOS HOLDINGS: To Hold Final Meeting on October 29
------------------------------------------------------
Notice is hereby given pursuant to section 509 of the
Corporations Act 2001 that a general meeting of the members and
creditors of Ceballos Holdings Pty Limited (In Liquidation) will
be held at the offices of Senatore Brennan Rashid, Level 7, 28
University Avenue, Canberra ACT 2601 on the 29th day of October
2004 at 10:00 a.m. for the purpose of having an account laid
before them showing the manner in which the winding up has been
conducted and how the property of the Company was disposed of,
and of hearing any explanations that may be given by the
Liquidator.

Dated this 28th day of September 2004

E.M. Senatore
Liquidator
Senatore Brennan Rashid
Level 7, 28 University Avenue,
Canberra ACT 2601
Telephone: (02) 6214 6700,
Facsimile: (02) 6214 6799


CEYLON SALES: Schedules Meeting on October 29
---------------------------------------------
Notice is hereby given pursuant to section 509(2) of the
Corporations Law that the final meeting of members of Ceylon
Sales (NSW) Pty Limited (In Liquidation) will be held at Suite
601, 3 Waverley Street, Bondi Junction at 11:00 a.m. on 29
October 2004 for the purpose of having laid before its members
by the liquidator an account showing how the winding up has been
conducted and the property of the Company disposed of.

Dated this 13th day of September 2004

G.A. Marx
Liquidator
Suite 601, 3 Waverley Street,
Bondi Junction NSW 2022


EAGLEHAWK NO.18: Winding Up Process Completed
---------------------------------------------
Take notice that the affairs of Eaglehawk No. 18 Co-Operative
Housing Society Limited (In Liquidation) are now fully wound up
and that in pursuance of the Corporations Law and of the Co-
operative Housing Societies Act 1958, a general Meeting of the
Society will be held at 1st Floor, Killians Walk, Bendigo on the
26th of October 2004 at 4.00 p.m. for the purposes of:

(i) Laying before it an account showing how the winding up has
been conducted and the property of the Society disposed of and
giving any explanation thereof, and

(ii) Passing a resolution that the books and papers of the
Society and of the Liquidator relevant to the affairs of the
Society be destroyed after a period of twelve months from the
date of the meeting.

Dated this 8th day of September 2004

R.J. Pitson
Liquidator


ENTERPRISE NO.10: Concludes Winding Up
--------------------------------------
Take notice that the affairs of Enterprise No. 10 Co-Operative
Housing Society Limited (In Liquidation) are now fully wound up
and that in pursuance of the Corporations Law and of the Co-
operative Housing Societies Act 1958, a general Meeting of the
Society will be held at 1st Floor, Killians Walk, Bendigo on
26th October 2004 at 4:00 p.m. for the purposes of:

(i) Laying before it an account showing how the winding up has
been conducted and the property of the Society disposed of and
giving any explanation thereof, and

(ii) Passing a resolution that the books and papers of the
Society and of the Liquidator relevant to the affairs of the
Society be destroyed after a period of twelve months from the
date of the meeting.

Dated this 8th day of September 2004

R.J. Pitson
Liquidator


EUSTON ENGINEERING: Colin G. Thomas Appointed as Liquidator
-----------------------------------------------------------
By Resolution of members of Euston Engineering Pty Limited, the
Company was placed into voluntary liquidation on Thursday, 9
September 2004, and Colin G. Thomas was appointed Liquidator.

Dated this 9th day of September 2004

Colin G. Thomas
Liquidator
Level 9, 55 Lavender Street
Milsons Point NSW 2061


GOLFLAND CORPORATION: Court Appoints Liquidator
-----------------------------------------------
On 13 September 2004, the Supreme Court of New South Wales,
Equity Division, made an Order that Golfland Corporation Pty
Limited be wound up and appointed R.J. Porter as Official
Liquidator.

R.J. Porter
Official Liquidator
Moore Stephens PMN
Chartered Accountants
Level 6, 460 Church Street,
Parramatta NSW 2150


H.A. WALTER: Sets November 3 as Final Meeting Date
--------------------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Act 2001, the final meeting of members of H.A.
Walter Investments Pty Limited (In Liquidation) will be held at
the offices of Thomas Quinlan, Suite 4, 143 Pacific Highway,
Hornsby, NSW, on Wednesday, 3rd day of November, 2004 at 10:00
a.m. for the purpose of laying before the meeting the
liquidator's final account and report and giving any explanation
thereof.

Dated this 28th day of September 2004

Lesley Walter
Liquidator
c/- Thomas Quinlan
Suite 4, 143 Pacific Highway,
Hornsby NSW 2077


JAMES HARDIE: Mr. Carr Says Suspension of Execs' Payout Possible
----------------------------------------------------------------
New South Wales Premier Bob Carr has confirmed the possibility
of multi-million dollar payouts to outgoing James Hardie
executives being withheld, as there are grounds for doing so,
the Sydney Morning Herald says.

Mr. Carr said a state-commissioned inquiry into the scandal-hit
asbestos products manufacturer had found that former James
Hardie chief executive Peter Macdonald, had potentially violated
the corporate law, constituting a criminal offense.

Mr. Macdonald and former James Hardie chief financial officer
Peter Shafron stepped down Friday in the wake of an asbestos
compensation crisis which has left an estimated AU$1 billion
shortfall.

Mr. Macdonald is to receive an AU$8.8 million payout, which is
backed by Business Council of Australia president Hugh Morgan.

"I have no doubt that that was something the board considered.
My recollection is that the chairman said there was nothing they
could do other than pay out those entitlements of which he was
entitled," Mr. Morgan declared.

Mr. Carr urged Mr. Morgan to talk to the victims of the James
Hardie asbestos products, including those with incurable lung
cancers.

Meanwhile, Mr. Carr said the Australian Securities and
Investments Commission (ASIC) would hand down a decision about
the prosecution as soon as possible.

"We passed legislation through the NSW parliament signed by the
governor as recently as last Thursday that puts all the material
out of our special commission of inquiry in the hands of ASIC,
shaving 6-12 months off the time they will take to get these
prosecutions into Court," Mr. Carr told ABC radio.

"In addition to that, Mr. Macdonald deceived the Australian
Stock Exchange about what James Hardie was up to.

"These are adequate grounds for at least suspending any payments
to these chief executives until these matters are resolved.

"I stand by what I have said, namely about the Jackson
commission of inquiry and its findings including its finding
that found Mr. Macdonald's evidence was not to be believed as
adequate grounds for James Hardie deciding not to make these
payments or at least not making them at this time."

CONTACT:

For corporate and media enquiries only, please contact:

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

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

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

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

All other inquires to CustomerLink Service Centre on 13 1103.


JAMES HARDIE: Pledges Support to MRCF
-------------------------------------
James Hardie Industries NV yesterday wrote to the Medical
Research and Compensation Foundation (MRCF) reaffirming its
preparedness to provide assistance regarding the MRCF's interim
liquidity position.

James Hardie also expressed its surprise at the apparent
immediacy of the MRCF's claims. The MRCF only last month
rejected as no longer necessary James Hardie's offer to provide
interim financial assistance, following an approach from the
MRCF that it was approaching a liquidity issue in late August.

James Hardie reiterates that it is in no-one's interests to have
the MRCF placed in a position where it is unable to pay
legitimate claimants James Hardie has continued to seek
additional information from the MRCF in order to assess ways in
which James Hardie may assist the Foundation's liquidity
position on this occasion.

NEGOTIATIONS WITH ACTU

James Hardie also advised MRCF today that the MRCF's continued
delay in providing claims history data has substantially delayed
James Hardie's ability to negotiate an agreement with the ACTU
and asbestos groups to reach a funding solution for all future
claimants of asbestos-related diseases.

This data is critical to James Hardies capacity to develop a
financially sustainable funding proposal.

The MRCF first undertook to provide this critical information by
30 September, prior to the first meeting between the ACTU and
James Hardie on 1 October this year.

Nearly four weeks have passed and the material has still yet to
be produced.

The Company is at a loss to explain why the MRCF is being
reticent in providing the necessary information, particularly
given it asserted urgency for additional funding.

This delay and the MRCF's public announcements are at odds with
resolving both the MRCF's liquidity issues, and developing a
long-term sustainable compensation solution for asbestos
claimants.

Media Inquiries:
John Noble
Telephone: 61 2 8274 5206
Mobile: 0407 000 040
Email: john.noble@jameshardie.com.au
Facsimile: 61 2 8274 5218

Chris Falvey
Telephone: 61 2 82745304
Mobile 0414 359235
Email: chris.falvey@jameshardie.com.au

Web site: www.jameshardie.com


JAY DEE'S: Final Meeting Set October 28
---------------------------------------
Notice is hereby given that a meeting of the Members and
Creditors of Jay Dee's Cafe Pty Limited (In Liquidation) will be
held at Hall Chadwick Level 29, 31 Market Street, Sydney NSW
2000 on 28 October 2004 at 10:00 a.m.

The meeting will be a Final Meeting in accordance with Section
509 of the Corporations Act 2001.

BUSINESS

(1) To receive a report from the Liquidator, being an account of
his acts and dealings and of the conduct of the winding up
during the period of the liquidation ending on 28 October 2004.

(2) That subject to any provisions under the Corporations Act
2001 to the contrary, the Liquidator be empowered to destroy all
books and records of the Company on completion of all duties.

(3) Any other business.

Geoffrey Mcdonald
Liquidator
c/- Hall Chadwick
Level 29, 31 Market Street,
Sydney NSW 2000


LANDOR ENTERPRISES: Final Meeting Slated for October 28
-------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Landor Enterprises Pty Limited (In Liquidation)
will be held at Rodgers Reidy, Level 8, 333 George Street,
Sydney on Thursday, the 28th of October 2004 at 10:00 a.m.

The purpose of the meeting is:

(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.

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


LEISA'S SWAGS: Winds Up Voluntarily
-----------------------------------
Notice is hereby given that at a general meeting of members of
Leisa's Swags And Roman Blinds Pty Limited (In Liquidation) held
on the 13th day of September 2004, it was resolved that the
Company be wound up voluntarily and that for such purpose, David
Ian Mansfield, of Moore Stephens PMN, Chartered Accountants, 460
Church Street, Parramatta NSW 2150 be appointed liquidator.

Dated this 13th day of September 2004

D.I. Mansfield
Liquidator
c/- Moore Stephens PMN
460 Church Street,
Parramatta NSW 2150


MARKET PRODUCE: ASIC Bans Former Director
----------------------------------------
The Australian Securities and Investments Commission (ASIC) has
banned Mr. Kimball John Andrews, of Pullenvale in Queensland,
from managing corporations for 18 months.

ASIC imposed the ban following an investigation that found Mr.
Andrews was involved with companies that were reported as having
failed to pay creditors after they were placed into liquidation.

Mr. Andrews was a director of Market Produce Movers Pty Ltd
(Market Produce) and Freight 1 Australia Ltd (Freight 1), which
failed to pay creditors more than 50 cents in the dollar when
they were placed into liquidation in 2001. The companies were
involved in the transportation and distribution of market
produce and operated from premises located at the Brisbane
markets.

ASIC's investigations found:

Mr. Andrews failed to remit statutory debts to the Australian
Taxation Office in respect of the companies;

Mr. Andrews orchestrated the transfer of the assets of Market
Produce to Freight 1 in a way that prejudiced the creditors of
the Market Produce and benefited himself; and

Mr. Andrews permitted Market Produce to make payments to related
entities after the Company was put into external administration.
Under the Corporations Act 2001, ASIC is able to ban Company
directors if they are the director of two or more failed
companies that are wound up and the liquidator reports to ASIC
that they have failed to pay their creditors.

Mr. Andrews has the right to lodge an application for a review
of ASIC's decision with the Administrative Appeals Tribunal.


MAYNE GROUP: To Hold AGM on November 9
--------------------------------------
The Annual General Meeting (AGM) of Mayne Group Limited will be
held on Tuesday, November 09, 2004 at 10:00am. The location of
the meeting is Melbourne Concert Hall, St. Kilda Rd.Melbourne.

The ASA representative attending the meeting will be Gerald
Davis who will be voting undirected proxies according to the
indications made below. You can appoint "Gerald Davis" or
"Australian Shareholders' Association" as your proxy and if an
address is required use PO Box 519, CHATSWOOD NSW 2057.

Please do NOT send your proxy form to the ASA but after
completion lodge it in accordance with the instructions shown on
the form itself.

The Australian Shareholders' Association has indicated its
voting intentions for 5 of the resolution(s) to be considered.

The Association has raised 1 issue(s) of concern.

Resolutions to be considered:

Resolution 1:

Receive the annual report
ASA will vote: Not Indicated

No vote is required for this item.

Resolution 2:

To elect Dr I. D. Blackburne as a director
ASA will vote: For

Dr Blackburne appears to hold the necessary qualifications and
experience.

Resolution 3:

To elect Ms S. C. H. Kay as a director
ASA will vote: For

Ms Kay appears to hold the necessary qualifications and
experience.

Resolution 4:

Increase maximum amount of directors' remuneration from
$1,000,000 to $1,500,000
ASA will vote: For

It is unfortunate that the directors are seeking a fee increase
before the Company has returned to reasonable profitability.

EPS pre significant items was 21.3 cents per share in 2002, 7.1
cents per share in 2003 and 14.0 cents per share in 2004.

The Company is still well short of the EPS earned two years ago,
but at least dividend payments have been resumed. Retirement
benefits for non-executive directors have been scrapped and fees
lifted by a commensurate amount.

Resolution 5:

Changes to constitution
ASA will vote: For

Most of the proposed changes are reasonable. However the changes
do not reflect current agreed practice with respect to corporate
representative notices.

Under the proposed changes the ASA will need to lodge its
appointment of corporate representative notice with the
Company's share registrars 48 hours prior to the meeting. The
ASA is working with ASX Perpetual and the Share Registrars
Association on this issue, but we will not oppose the changes to
the constitution on these grounds alone.

Issues of Concern:

We cannot see any justification for the $750,000 bonus paid to
Stuart James for the 2003 year when huge amounts were written
off the carrying value of assets in that year.

Similarly it is hard to see why James should have been paid
bonus of $2,185,000 in 2004, when the EPS was much lower than in
2002. He is buying his shares under the plan with an interest
free non-recourse loan, which is against ASA policy.

We again express our concern that the amount of fees paid to the
auditors for non-audit fees is unacceptably high and raises
issues of auditor independence.

CONTACT:

Mayne Group
Head Office Address:
Level 21/390 St Kilda Rd Melbourne 3004
Head Office Phone: +613 9868-0700
Web site: http://www.maynegroup.com/


PAUL BURKETT: Voluntarily Winds Up
----------------------------------
Notice is hereby given that at a meeting of Paul Burkett
Enterprises Pty Limited (In Liquidation) held on 14 September
2004, the following Special Resolution was passed:

That as the Company is unable to pay its debts as and when they
fall due, the Company be wound up voluntarily and that Robert
Moodie be appointed Liquidator for the purpose of such winding
up.

Robert Moodie
Liquidator
c/- Rodgers Reidy
Level 8, 333 George Street,
Sydney NSW 2000


ST. ARNAUD: Holds General meeting Today
---------------------------------------
Take notice that the affairs of St. Arnaud No 6 Co-Operative
Housing Society Limited (In Liquidation) are now fully wound up
and that in pursuance of the Corporations Law and of the Co-
operative Housing Societies Act 1958, a general Meeting of the
Society will be held at 1st Floor, Killians Walk, Bendigo on
26th October 2004 at 4:00 p.m. for the purposes of:

(i) Laying before it an account showing how the winding up has
been conducted and the property of the Society disposed of and
giving any explanation thereof, and

(ii) Passing a resolution that the books and papers of the
Society and of the Liquidator relevant to the affairs of the
Society be destroyed after a period of twelve months from the
date of the meeting.

Dated this 8th day of September 2004

R.J. Pitson
Liquidator


SWAN HILL: General Meeting Set Today
------------------------------------
Take notice that the affairs of Swan Hill District No 15 Co-
Operative Housing Society Limited (In Liquidation) are now fully
wound up and that in pursuance of the Corporations Law and of
the Co-operative Housing Societies Act 1958, a general Meeting
of the Society will be held at 1st Floor, Killians Walk, Bendigo
on 26th October 2004 at 4.00 p.m. for the purposes of:

(i) Laying before it an account showing how the winding up has
been conducted and the property of the Society disposed of and
giving any explanation thereof, and

(ii) Passing a resolution that the books and papers of the
Society and of the Liquidator relevant to the affairs of the
Society be destroyed after a period of twelve months from the
date of the meeting.

Dated this 8th day of September 2004

R.J. Pitson
Liquidator


T&A SECURITIES: Issues Notice of Final Meeting
----------------------------------------------
Notice is given that a final meeting of members of T&A
Securities Pty Limited (In Voluntary Liquidation) will be held
at Level 3, 63 Market Street, Wollongong, on 26 October 2004 at
12:00 p.m.

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

Dated this 15th day of September 2004

P.J. Fitzgerald
Liquidator
KPMG
Level 3, 63 Market Street,
Wollongong NSW 2500.
Telephone: (02) 4229 2633


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


AMERY CONSTRUCTION: Enters Winding Up Proceedings
-------------------------------------------------
Notice is hereby given that a petition for the winding up of
Amery Construction Holdings Limited by the High Court of Hong
Kong was on the 8th day of October 2004 presented to the said
Court by Li Sheung Hei of Room 1806, Fu Man House, Tai Wo Hau
Estate, Tsuen Wan, New Territories, Hong Kong.

The said petition will be heard before the Court at 9:30 am. on
the 17th day of November 2004.

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

Betty Chan
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 16th day of
November 2004.


CHATWIN ENGINEERING: Faces Bankruptcy Proceedings
-------------------------------------------------
Notice is hereby given that a petition for the winding-up of
Chatwin Engineering Limited by the High Court of The Hong Kong
Special Administrative Region, was on the 28th day of September
2004, presented to the said Court by Leaburg Engineering Limited
(In Compulsory Liquidation) of 7th Floor, Allied Kajima
Building, 138 Gloucester Road, Hong Kong.

The said Petition will be heard before the Court at 9:30 a.m. on
Wednesday, the 3rd day of November 2004.

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

Dated this 20th day of October 2004.

Tanner De Witt
Solicitors for the Petitioner
2308-9, 23rd Floor, Tower 2,
Lippo Centre, 89 Queensway, Hong Kong

NOTE: Any person who intends to appear at the hearing of the
said Petition must serve on or send by post to the above-named,
notice in writing of his intention to do so. The notice must
state the name and address of the person, or, if a firm, the
name and address of the firm, and must be signed by the person
or firm, or his or their solicitor (if any), and must be served,
or if posted, must be sent by post in sufficient time to reach
the above-named no later than 6 o'clock in the afternoon of the
2nd day of November 2004.


CHINA CONSTRUCTION: Profits Climb 21.5%
---------------------------------------
China Construction Bank (CCB) recorded a profit of CNY49.9
billion for the first nine months, according to China Daily.

The profits showed an increase of CNY8.8 billion (US$1.1
billion) or 21.5 percent from the same period last year.

CCB said the improved earnings would not only help the bank keep
a healthier balance sheet but also strengthen its financial
capacity.

CCB received a US$22.5 billion bailout from the State last
December and is one of the first firm to undergo reform.

Last month, it established a joint stock listing vehicle, China
Construction Bank Corporation, after the Company divided into
two. The joint stock Company handles the operation of its
commercial banking business including its domestic and foreign
currency deposits, loans, bank cards and back room operations.

The joint stock firm has a registered capital of CNY194.23
billion (US$23.4 billion) and five founding shareholders. Its
major shareholder is Central Huijin Investment Co, who controls
more than 85 percent.

CCB wrote off CNY110.2 billion in the first nine months of the
current year. By September's end, its non-performing loans were
at CNY83.4 billion (US$10.0 billion) while its bad loans ratio
reached 3.74 percent.

CCB has issued no more than CNY40 billion (US$4.8 billion) of
subordinated bonds. The bonds rank lower in priority with
regards to other bank liabilities in terms of claims on bank
assets. Its adequacy level is expected to increase by more than
8 percent, after issuing all bonds.

Other plans to strengthen the Company coffers include foreign
investors as equity partners, optimizing capital structure and
diversifying ownership.

In a statement last month, the bank's President Chang Zhenming
declared the firm will attempt to transform itself into a modern
share holding commercial bank in order to be a competitive
opponent in the global financial market within three years.
However, Chang said that its IPO process will not kick-off
within the end of this year due to current market conditions.

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


BANK OF COMMUNICATIONS: Denies Early Sales Report
-------------------------------------------------
Bank of Communications (BoCom) has refuted stories that it is
planning to sell its stocks overseas within the next three
months, according to The Standard.

Song Feng, the bank spokesman, said last Friday that there is no
timetable for the share offering.

BoComm is the fifth largest state bank hoping to sell its shares
overseas, who was reported to offer its stocks between November
15 and Christmas or between January 1 and the Lunar year, which
falls on February 9.

BoCom is planning to sell its shares for CNY2.5 (HK$2.35) in a
bid to raise CNY20 billion.

Last month, shareholders agreed to simultaneously sell its
shares in Hong Kong and Shanghai, with Goldman Sachs as the
underwriter.

BoCom is seen to have surpassed both mainland's largest property
lender as well as its largest foreign exchange lender Bank of
China in a race to market.

CONTACT:
Bank of Communications
24-hour Customer Service Hotline: 2269 9699
Mailing Address: 20 Pedder Street, Central, Hong Kong
E-mail addresses
General Inquiry: enquiry@bankcomm.com.hk
Commercial Credit Services Inquiry:
commercialbanking@bankcomm.com.hk
Bills Services Enquiry: billscentre@bankcomm.com.hk
Trustee and MPF Services Enquiry: trust@bankcomm.com.hk
Customer Opinions: opinion@bankcomm.com.hk
Recruitment: recruitment@bankcomm.com.hk


OPAL PRINTING: Posts Intended Dividend Notice
---------------------------------------------
Opal Printing Limited posted its intended dividend notice at The
Standard on October 21, 2004.

Name of Liquidator: The Official Receiver

Registered Office and Liquidator's Address: 10th Floor,
Queensway Government Offices, 66 Queensway, Hong Kong.

Last Day for Receiving Proofs: 13 November 2004

Lee Mei Yee, May
Acting Official Receiver & Liquidator


SHORTRIDGE LIMITED: Creditors First Meeting Set November 11
-----------------------------------------------------------
Notice is hereby given that a Meeting of the Creditors of
Shortridge Limited will be held at 4:00 p.m. on 11 November 2004
at Room 2118 Hutchison House, 10 HarCourt Road, Central, Hong
Kong for the purposes provided for in Sections 241, 242, 243,
244 and 255A of the Companies Ordinance.

Creditors may vote either in person or by proxy.  Proxies to be
used at the Meeting must be lodged at 13th Floor, Gloucester
Tower, The Landmark, 11 Pedder Street, Central, Hong Kong or
sent by facsimile to 2218 3500, not later than 4 p.m. on the day
before the meeting or adjourned meeting at which they are to be
used.

Dated this 18th day of October, 2004

By Order of the Board of Directors
Chan Tak Chi, William
Director


SINO CHEER: Court to Hear Winding Up Petition on November 10
------------------------------------------------------------
Notice is hereby given that a petition for winding up of Sino
Cheer Limited by the High Court of Hong Kong was, on the 4th day
of October 2004, presented to the said Court by Wong Ka Shing of
Room A, 9/F., Kar Yau Building, 36-44 Queen's Road East Wan
Chai, Hong Kong.

The said petition will be heard before the Court at 9:30 before
the Court on the 10th day of November 2004.

Any creditor or contributory of the said Company may appear at
the time of the hearing by himself or his Counsel for that
purpose. A copy of the petition will be furnished to any
creditor or contributory of the said Company requiring the same
by the undersigned on payment of the regulated charge for the
same.

Betty Chan
Director for Legal Aid
34/F, Hopewll Centre
183 Queen's Road East
Wanchai, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or serve by posts to the above
named, notice in writing of his intention to do so. The notice
must state the name and address of the person, or if a firm, the
name and address of the person, or if a firm, the name and
address of the firm, and must be signed by the person or firm or
his or their solicitor (if any), and must be served or if posted
must be sent by post in sufficient time to reach the above named
not later than six o'clock of the 9th day of November 2004.


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


PERTAMINA: To Sell Part of Its Assets To Pay KBC Claim
------------------------------------------------------
State oil and gas firm PT Pertamina is planning to sell a
portion of its assets in order to pay a US$261 million
compensation claim by U.S.- based Karaha Bodas Company (KBC),
Asia Pulse says.

The U.S. Supreme Court has ruled in favor of KBC in a suit
against Pertamina, stemming from a dispute on a geothermal power
project.

Pertamina commissioner Roes Aryawijaya said the oil Company has
to pay the claim as ruled by the Court.

The Court has authorized KBC to withdraw funds from Pertamina's
accounts in several U.S. banks. KBC has seized at least US$29
million from the said accounts.

Earlier, Pertamina President Widja Purnama declared the oil firm
will not pay the claim if corruption was proven in the contract
with KBC, adding that there were indications of graft in the KBC
case.

CONTACT:

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


SEMEN GRESIK: Clarifies Article on Unit's Audit
-----------------------------------------------
PT Semen Gresik Corporate Secretary Soebagio issued a
clarification with reference to an article published by The
Jakarta Post on October 20 entitled "SG Wraps Up Semen Padang
Audit with Negative Adjustment", written by Rendi A. Witular.

The clarification is as follows:

"On Oct. 18, a journalist claiming to be from the Post contacted
me by telephone. To the best of my recollection, in regards the
general audit of PT Semen Padang, I only mentioned the timetable
for the completion of the financial statements of PT Semen
Padang and Semen Gresik Group.

"I did not make any statements about any financial reserves to
cover untraceable spending, nor did I mention anything else
beyond this timetable."

CONTACT:

PT Semen Gresik (Persero) Terbuka
Jalan Veteran
Gresik 61122
Indonesia
Phone: +62 31 398 1731-2/1745
Fax: +62 31 398 3209/3972 2264
Web site: http://www.americanstandard.com/


* Plastic Packaging Sector May Book Zero Profit This Year
---------------------------------------------------------
The country's Packaging Federation (FPI) has raised its concern
on the great pressure the national plastic industry is facing
brought about by soaring material costs driven by rising global
oil prices, reports Indoexchange.

FPI Executive Director Henky Wibawa said the plastic packaging
industry would probably post zero profit this year since the
plastic packaging sale prices was not able to cope with the
latest surge in oil prices.

The skyrocketing oil costs has an adverse impact on the
industry, as oil is the main ingredient for plastic molding.

In addition, the industry suffered another blow from the
fluctuating exchange rate to dollar in the first semester of
this year, as 80 percent to 90 percent of the raw materials are
still imported.

Total sales of the plastic packaging sector is estimated to drop
10 percent to IDR9 trillion from the previous year's IDR15
trillion.


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


DAIEI INCORPORATED: New Head Shuns Plan to Focus on Food Venture
----------------------------------------------------------------
The newly-appointed President of Daiei Incorporated, Toshio
Hasumi, has no intention of shifting its business entirely to a
food store chain in efforts to revive itself under the state-
backed Industrial Revitalization Corporation of Japan (IRCJ),
relates The Japan Times.

"Despite what some people say, we have no plan to retreat into
food supermarkets," Mr. Hasumi told a news conference announcing
his official appointment.

Mr. Hasumi took over Kunio Takagi, who resigned Friday to take
responsibility for the giant retailer's collapse.

Struggling Daiei is expected to finalize a rehabilitation scheme
with the IRCJ and its main creditor banks soon. The plan is
likely to feature harsh measures, including massive lay-offs and
store closings.

Rumors abound that the retailer will dispose of all its general
merchandise outlets, which currently make up its core business,
and concentrate mainly on food.

While Mr. Hasumi brushed off reports that Daiei will give up its
general merchandise operations, he did admit that it will be
difficult to keep them without help from outside tenants.

He said the chain will actively seek tenants for its stores.

Mr. Haumi also underscored the Company's plan to keep its
professional baseball team Daiei Hawks, saying he has no plans
to meet with Softbank Corporation Chief Executive Masayoshi Son,
who had earlier expressed interest in acquiring the team.

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


DAIEI INCORPORATED: Tussle for Outlets Heats Up
-----------------------------------------------
Daiei Incorporated's decision to turn to the state-backed
revival body may result in a major change in power relations in
the supermarket sector, as it is widely believed to have
intensified a tussle for the retailer's stores, reports The
Japan Times.

The move to let the Industrial Revitalization Corporation of
Japan (IRCJ) take over Daiei's rehabilitation is expected to
result to a breakup of the retailer and the sale of its core
food retailing business to sponsors.

Currently, the IRCJ is in the process of choosing companies to
sponsor Daiei's move to boost its earnings, with Aeon Co. and
Ito-Yokudo tipped as potential candidates.

Daiei's three main lenders had been in talks with the two
supermarket chain operators even before the ailing firm decided
to seek IRCJ's support.

Industry leader Aeon, in particular, is seen as a powerful
candidate, given its good track record of successful takeovers
of failed supermarkets chains such as Yaohan and Mycal.

The other candidates include an alliance between Japanese
trading house Marubeni Corporation and Deutsche Securities, and
a consortium of U.S. retailer giant Wal-Mart Stores and U.S.
investment bank Goldman Sachs.

Wal-Mart, which is intent on establishing its position in Japan
by taking a stake in Daiei, has "virtually agreed" with Marubeni
to forge an alliance to support Daiei.

Daiei's 263 outlets across Japan, although obsolete, has caught
the eye of potential investors as many of them are situated in
favorable geographical locations.


DAIKYO INCORPORATED: Citigroup Named Potential Sponsor for Rehab
----------------------------------------------------------------
U.S. financial firm Citigroup Incorporated has been tipped as
one of the four potential candidates to sponsor the
rehabilitation of condominium builder Daikyo Incorporated,
Reuters reports, citing the Nihon Keizai newspaper.

The state-backed Industrial Revitalization Corporation of Japan
(IRCJ) will choose between Citigroup and its partner, Japanese
builder Haseko Corporation, Japanese leasing firm Orix
Corporation and U.S. investment banks Morgan Stanley or Merrill
Lynch by late December after reviewing their plans for Daikyo.

Last month, Daikyo had asked the state-backed Industrial
Revitalization Corporation of Japan (IRCJ) and creditors led by
UFJ Holdings Incorporated for JPY176.5 billion in aid, in its
second revival attempt in two years.

Meanwhile, it was reported that Merrill and Morgan Stanley are
considering forming an alliance with Japanese property
developers in their bids.

Citigroup, which was ordered last month to shut down its
Japanese operations after a lending fiasco, submitted a business
improvement plan to regulators last week. The group's Chief
Executive Officer Charles Prince was set to meet Financial
Services Agency (FSA) head Hirofumi Gomi yesterday.

CONTACT:

Daikyo Incorporated
24-13 Sendagaya 4-Chome
Sendagaya No. 21 Daikyo Building
Shibuya-Ku 151-8506, Tokyo 151-8506
Japan
Phone: +81 3 3475 1111
Fax: +81 3 3475
Web site: http://www.daikyo.co.jp/


MITSUBISHI MOTORS: U.S. Unit Completes Work Force Reductions
------------------------------------------------------------
Mitsubishi Motors North America (MMNA), a subsidiary of
embattled Mitsubishi Motors Corporation, is done with the work-
force reductions it had announced in July, says the Associated
Press.

MMNA spokesman Dan Irvin confirmed the Company slashed around
100 non-union staff and management positions from a total of 450
employees.

In addition, more than one-thousand United Auto personnel lost
their jobs as the Normal plant moved from two shifts to one
starting October 4.

Along with the staff and management cuts, 19 union workers
accepted a voluntary layoff through the period that ended last
week.

Mr. Irvin says it has been a "sad and challenging time" for the
Company.

CONTACT:

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


MITSUBISHI MOTORS: To Bolster Overseas Sales for Revival
--------------------------------------------------------
Troubled Mitsubishi Motors Corporation is planning to turn its
business around by promoting overseas sales, which remain stable
compared to tumbling domestic sales, says Tribune Business
Business News.

Mitsubishi Managing Director Osamu Masuko said the ailing
automaker hopes to sell 1.2 million vehicles in the overseas
markets as a whole in the current fiscal year despite the
uncertainty in its China sales.

The overseas sales target exceeds the 1.15 million units
mentioned in a revival plan adopted by the automaker to cope
with the negative effect of its multiple defect cover-ups.

According to Mr. Masuko, the demand for Mitsubishi cars is
growing in Europe and Russia. In Russia, sales are expected to
reach a total of 35, 000 units this fiscal year, and Mitsubishi
hopes to expand sales to 50,000 units next year.

Mitsubishi has also noted robust demand in markets such as
Taiwan, Malaysia, South Africa and Brazil. The Thai plant is
currently manufacturing 180,000 Mitsubishi pickup trucks a year,
which are exported to 140 countries.

Meanwhile, Mr. Mauko said Mitsubishi will improve its U.S,
operations by selling cars "carefully" without seeking a mere
increase in the volume of sales.

With regard to Mitsubishi's partnership with DaimlerChrysler AG,
which earlier this year stopped providing fresh capital to its
Japanese partner, Masuko said Mitsubishi is "sorting out" joint
projects to determine which of them should be kept.

CONTACT:

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


MITSUBISHI MOTORS: Launches Grandis Minivan in Thailand
-------------------------------------------------------
Mitsubishi Motors, along with its Thai-based subsidiary
Mitsubishi Motors Thailand (MMTh) announced the launch of the
Grandis minivan (local name: Space Wagon), which is to be
produced and sold through affiliated dealerships in Thailand.
This marks the first time that the vehicle will be produced and
sold outside of Japan. Exports from Thailand to other ASEAN
nations are also planned.

The Grandis was first launched in Japan in May of 2003, and has
been critically acclaimed as a vehicle that enhances customers'
lifestyles. It is also on sale in Europe and Australia. The
first model to be released in Thailand is the 2WD GLS, equipped
with the 2.4 L MIVEC engine, which has been engineered to meet
the needs of customers in Thailand. The vehicle will be
manufactured at the Laemchabang facility and sold through the
domestic retail network. Sales are targeted at 400 units per
month.

"This new product has been developed with the utmost attention
to detail, in order to meet the needs of the new generation of
consumers," said MMTh President and CEO, Hisayoshi Kumai at a
press conference. "It is the culmination of years of effort by
our engineers, who have produced a car that offers emotional
design, smart performance and stylish utility," he added.
"Presently, Thailand manufactures and exports the Strada and
Lancer, and with the addition of the Space Wagon, we are
planning to begin exports as early as next year," he said.

Mitsubishi Motors launched its Business Revitalization Plan in
May of this year, in which the ASEAN market was cited as a key
factor. With the economic expansion of the Thai market, high
growth in sales is anticipated, and the Company will be
aggressively seeking to expand market share.


MITSUBISHI MOTORS: Brings Improved Colt Compact Car to Market
-------------------------------------------------------------
Mitsubishi Motors Corporation announced that an improved Colt
compact car series went on sale at affiliated dealerships
throughout Japan yesterday.

Since its introduction in 2002, Colt has won popular acclaim for
its drivability, compact dimensions and classy design. The
latest Colt series introduced features revamped exterior and
interior designs and is powered by a lineup of three new
engines. Tax inclusive prices start at JPY1,106,700.

The Colt was the first model developed by Mitsubishi Motors
using Quality Gate principles to provide stringent quality
testing and verification at all stages in the development and
production processes. Since its market introduction in November
2002, it has won high critical acclaim for its classy looks and
overall quality levels as well as for its vehicular performance.

The latest series introduced today features a front and rear
facelift with other changes to exterior and interior trim and is
powered by new 1.3-liter and 1.5-liter aluminum cylinder block
engines manufactured by MDC Power GmbH of Germany. The Ralliart
performance model that joins the latest series is powered by a
new 1.5-liter intercooler-turbocharged engine.

Also joining the latest Colt series are the attractively priced
Limited Edition and Limited Navi Edition that come standard with
CD-player audio and DVD on-board navigation systems
respectively. 2WD and 4WD versions of these specials come with
price tags of JPY1,197,000 and JPY1,386,000 for Limited Edition
and JPY1,299,900 and JPY1,488,900 for Limited Navi Edition
respectively.

To view the full media release, click on:
http://bankrupt.com/misc/TCRAP_MITSUBISHIMOTORS102504.pdf


TOSHIBA CORPORATION: Revises Business Forecasts for 1H/FY2004
-------------------------------------------------------------
Toshiba Corporation on Friday issued revised consolidated and
non-consolidated business forecasts for the first half of fiscal
year to March 31, 2005.

The announcement revises the forecast that Toshiba issued with
the announcement of its results for the 1st quarter of FY2004,
on July 30, 2004. The key points are as in the table below.

(1) Consolidated forecast
1H/FY2004 (Apr. 1, 2004 through Sept. 30, 2004)(JPY, billion)


             Net Sales  Operating  Income(Loss)       Net Income
                           Income  Before Income      (Loss)
                           (Loss)  Taxes, Minority
                                   Interest and Equity
                                   in Earnings of
                                   Affiliates
Revised
Forecast(A)     2,780       50        21                    8
Forecast as of
July 30 2004(B) 2,800       55        5                    -5
     (A)|(B)    -20         -5        16                    13
1H/FY2003       2,608       -12       -17.6                -32.2

(2) Non-consolidated forecast
1H/FY2004 (Apr. 1, 2004 through Sept. 30, 2004)(JPY, billion)

                   Net Sale      Recurring         Net Income
                                 Profit (Loss)        (Loss)

Revised Forecast (A)  1,330       15                    2
Forecast as of
July 30 2004 (B)      1,370        5                   -10
     (A)|(B)         -40          10                    12
1H/FY2003             1,459.6    -14                   -2.5

(3) Reasons for revision

Operating income is not expected to meet the July 30 forecast,
as the electronic devices segment will not see anticipated
growth in operating income. However, as progress in business
restructuring reduces non-operating expenses, income before
income taxes and minority interest and equity in earnings of
affiliates will see improvement, and net income will be in the
black.

In line with the improvement in consolidated figures, recurring
profit and net income on a non-consolidated basis will both see
improvements over the previous forecast.

For further information, please contact:

IR Group
Corporate Communications Office
Toshiba Corporation
1-1-1, Shibaura, Minato-ku,
Tokyo, 105-8001, Japan
Telephone: +81-3-3457-2096
Fax: +81-3-5444-9202
E-mail: ir@toshiba.co.jp


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


KOOKMIN BANK: Releases Operating Results for 3Q/2004
----------------------------------------------------
Kookmin Bank disclosed in a press release its operating results
for the third quarter of 2004.

Kookmin Bank posted a net profit of KRW374.9 billion ($331.2
million), as a result of an improving quality of its credit-card
assets, and partly due to adjustments made to provisions related
to its accounting violation.

To view a full copy of Kookmin's third quarter results, click
http://bankrupt.com/misc/KOOKMINBANK20040930_factbook.xls

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


KOREA EXCHANGE: Application for ERP Higher than Expected
--------------------------------------------------------
Six percent of the total population of Korea Exchange Bank's
workforce has applied for early retirement, according to
Reuters.

The number was larger than the bank had expected.  Some 350
employees had applied for the early retirement program (ERP) the
bank is offering.

"The ERP programme is over. However, we still have a surplus
workforce and distorted personnel structure to resolve," said
the spokeswoman.

"KEB will continue to address the personnel problem going
forward through other means." she added, without elaborating.

KEB is planning to shed its workforce as part of restructuring
plans brought in since a takeover by U.S. private equity fund
Lone Star last year.

U.S.-based Lone Star bought a controlling stake in KEB for $1.2
billion and started absorbing KEB's credit card unit into the
bank this year to try and stem losses from the card business.

CONTACT:

Korea Exchange Bank (Exchange: Korea)
181 2-ga Ulchiro, Chung-gu
Seoul, 100-793, South Korea
Phone: +82-2-729-8000
Fax: +82-2-752-3141
Web site: http://www.keb.co.kr/english/index.htm


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


CONSOLIDATED FARMS: Updates Default Status
------------------------------------------
Further to the monthly status announcement under Practice Note
No. 1/2001 of the Bursa Malaysia Securities Berhad, the Board of
Directors of Consolidated Farms Berhad announced that the group
is unable to pay the additional principal and/or interest in
respect of its credit facilities as set out in Table 1.

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

Table 1
Additional Amount of Principal and/or Interest Due from 9
October to 22 October 2004

Lender     Borrower      Additional Amount Due   Type of
Facilities
                         from 9 October to
                         22 October 2004
                          (RM'000)

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

Total                            103.2

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

CONTACT:

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

This announcement is dated 22 October 2004.


DAI HWA: Releases Practice Note No. 10/2001 Update
--------------------------------------------------
In accordance with the Practice Note No. 10/2001 (PN10) of the
Bursa Malaysia Securities Berhad's listing requirements, the
submission to the relevant authorities of Dai Hwa Holdings (M)
Berhad to obtain approval for the extension of time pursuant to
the PN10 would have to be submitted within 2 months of the
Requisite Announcement made on 27 August 2004.

In light of the revised proposals to be undertaken by the
Company as announced on 14 October 2004, K & N Kenanga Bhd, on
behalf of Dai Hwa announced that the Company has applied to
Bursa Malaysia Securities Berhad for a further 2 months
extension of time i.e. to 22 December 2004 to submit the
submission for approval of the Proposals to the relevant
authorities.

CONTACT:

Dai Hwa Holdings (M) Berhad
Suite 14A2,
Level 14,
Menara Ansar,
65 Jalan Trus,
80000 Johor Bahru,
Johor
Tel: 07-2241035
Fax: 07-2210891
Web site: http://www.dahw.com.my

This announcement is made on 22 October 2004.


DENKO INDUSTRIES: Issues Litigation Update
------------------------------------------
Denko Industries Corporation Berhad announced the details of
default or circumstances leading to the filing of the winding-up
petition against its unit Skiva Marketing Sdn. Berhad.

a) Skiva Marketing Sdn. Bhd. (SMSB) commenced business
transaction with Dickson Wong (M) Sdn. Bhd. (DW) in May 2003.
The business transactions include supply of finished goods and
maintenance of machines.

b) On 27 July 2004, Skiva Marketing Sdn. Bhd received a letter
of demand for the amount of RM277,927.07 allegedly owing to DW.
On 4 August 2004, the Company received a Notice of Demand
pursuant to Section 218 of the Companies Act 1965. SMSB had not
paid DW due to discrepancies in the billings of goods against
purchase orders.

3) The financial impact of winding-up proceedings on the Denko
Group.

The financial impact of the winding up proceedings on the Denko
Group, go to
http://bankrupt.com/misc/tcrap_denko102304.doc


GENERAL SOIL: Reschedules Shareholder's Meeting
-----------------------------------------------
On behalf of the Board of Directors of General Soil Engineering
Holdings Berhad (Gensoil), Avenue Securities Sdn Bhd announced
that its solicitors had vided its letter dated 21 October 2004
informed that the High Court of Malaya has extended the deadline
for Gensoil to convene its shareholders' meeting for a further
period of 180 days commencing from 15 September 2004.

CONTACT:

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

This announcement is dated 22 October 2004.


I-BERHAD: Appoints Chairman of Nomination Committee
---------------------------------------------------
I-Berhad announced that Tuan Haji Mat Hassan bin Esa has been
appointed as the Chairman of the Company's Nomination Committee
effective 22 October 2004 in place of YM Tengku Datuk Mustapha
bin Tengku Mohamed who has resigned from the Board effective on
the same date. The composition of the Nomination Committee is
now as follows:

NOMINATION COMMITTEE

Chairman
Tuan Haji Mat Hassan bin Esa (Independent Non-Executive
Director)

MEMBERS

Encik Johari Low bin Abdullah @ Low Han hing (Independent Non-
Executive Director)

Y Bhg. Datuk Pengiran Mohd Hussein bin Datuk Pengiran Mohd Tahir
(Non Independent Non-Executive Director)

This announcement is dated 22 October 2004.


METROPLEX BERHAD: Releases Restraining Order Notice
---------------------------------------------------
The extension of the Restraining Order and debt restructuring of
Metroplex Berhad and its 15 subsidiaries pursuant to Section
176(10) of the Companies Act, 1965 has expired on 21 October
2004.

CONTACT:

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


NAIM INDAH: Lists Additional New Shares
---------------------------------------
Naim Indah Corporation Berhad's additional 60,000 new ordinary
shares of RM0.20 each arising from the conversion of 60,000
nominal value of RM0.20 irredeemable convertible unsecured loan
stocks into 60,000 new ordinary shares will be granted listing
and quotation with effect from 9 a.m., Tuesday, 26 October 2004.

CONTACT:

Naim Indah Corporation Berhad
Jalan Kampar Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia
Phone: +60 3 4043 9411


NALURI BERHAD: Court Hearing Postponed to November 23
-----------------------------------------------------
The hearing in relation to Naluri Berhad's injunction
application, which had been fixed for 22 October 2004, has been
postponed to 23 November 2004.

Hereinafter, The Abovementioned Proposals Shall Be Collectively
Referred To As "Proposals"

(I) Proposed capital restructuring comprising a proposed capital
repayment, proposed share premium account utilization and
proposed share premium set-off (proposed Naluri Capital
Restructuring Scheme)

(ii) Proposed subscription of new ordinary shares of RM1.00 each
in Sriwani Holdings Berhad (SHB) and certain new irredeemable
convertible preference shares known as ICPS-A (proposed SHB
subscription)

(iii) Proposed acquisition of certain ordinary shares of RM1.00
each in SHB (SHB shares) and certain irredeemable convertible
preference shares of RM0.10 each in SHB from certain financial
institutions, certain trade creditors of SHB and Malaysia
Airports (Sepang) Sdn Bhd (proposed SHB Securities acquisition)

(iv) Proposed acquisition of certain properties from certain
subsidiaries of SHB (proposed SHB property acquisition)

(v) Proposed acquisition by Naluri of 100% equity interest in
United Industries Sdn Bhd (UISB), 100% effective equity interest
in United Vehicle Industries Sdn Bhd (UVISB), 92.772% effective
equity interest in United Filter Sdn Bhd (UFSB) and 70% equity
interest in United Sanoh Industries Sdn Bhd (USISB) (proposed UI
group acquisition)

CONTACT:

Naluri Berhad
161B Jalan Ampang
Kuala Lumpur, 50450
Malaysia
Telephone: +60 3 2162 0878
Telephone: +60 3 2162 0676

This announcement is dated 22 October 2004.


PSC INDUSTRIES: Answers Bursa Malaysia Query
--------------------------------------------
In reference to the query letter from the Bursa Malaysia
Securities Berhad regarding the news article appearing in The
Malay Mail, entitled "PSC Eyes Takeover of Karachi Shipyard," on
Thursday 21 October 2004.

PSC Industries Berhad clarified that it is in the midst of
making enquiry with all the Directors and other relevant parties
and as such the Company will reply the query on Monday.

Bursa Malaysia Securities Berhad's Query Letter content:

Bursa Malaysia refer to the above article appearing in The Malay
Mail, MailMoney section, page 21 on Thursday, 21 October 2004, a
copy of which is enclosed for your reference.

In particular, the Exchange would like to draw PSC's attention
to the sentences, which are reproduced as follows:

"PSC Industries Bhd ... to take over Karachi Shipyard and
Engineering Works in Pakistan ..."

"... the acquisition of Karachi Shipyard by PSC is part of the
Pakistani Government's aim of privatizing the loss-making
shipyard."

In accordance with the Exchange's Corporate Disclosure Policy,
you are requested to furnish the Exchange with an announcement
for public release confirming or denying the above reported
article and in particular the underlined sentences after due and
diligent enquiry with all the directors, major shareholders and
all such other persons reasonably familiar with the matters
about which the disclosure is to be made in this respect. In the
event you deny the above sentences or any other part of the
above reported article, PSC is required to set forth facts
sufficient to clarify any misleading aspects of the same. In the
event you confirm the above sentences or any other part of the
above reported article, you are required to set forth facts
sufficient to support the same.

The Exchange has requested PSC to reply within one (1) market
day from the date hereof.

Yours faithfully,
LISA LAM
Sector Head, Issues & Listing
Group Regulations
KLL/ZOOS
c.c. Securities Commission (via fax)

CONTACT:

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


SRIWANI HOLDINGS: SC Oks Extension of Rehab Plan Implementation
---------------------------------------------------------------
Sriwani Holdings Berhad (SHB) announced that the Securities
Commission (SC) has through its letter dated 19 October 2004
(which was received on 22 October 2004) approved an extension of
time to 28 February 2005 for the implementation of its existing
restructuring plan and proposals.

COLLECTIVELY BE REFERRED TO AS THE "EXISTING RESTRUCTURING PLAN"

Capital Reduction And Consolidation;
Restricted Issue;
Rights Issue;
Debt Restructuring Scheme;
Assets Injection;
Additional Issue; And
MA Sepang Debt Settlement

COLLECTIVELY BE REFERRED TO AS THE "PROPOSALS"

Proposed Alternative Restructuring Plan
Proposed Property Disposals

CONTACT:

Sriwani Holdings Berhad
Wisma Sriwani, 418 Chulia Street
10200 Penang
Telephone: 04-2628535
Fax: 04-2614076
Web site: http://www.sriwani.com.my

This announcement is dated 22 October 2004.


TALAM CORPORATION: Issues Additional 81,000 New Ordinary Shares
---------------------------------------------------------------
Talam Corporation Berhad's additional 81,000 new ordinary shares
of RM1.00 each issued pursuant to the conversion of 160,000
irredeemable convertible preference shares into 16,000 new
ordinary shares and the conversion of RM65,000 irredeemable
convertible unsecured loan stocks 2003/2005 into 65,000 new
ordinary shares will be granted listing and quotation with
effect from 9.00 a.m., Tuesday, 26 October 2004.

CONTACT:

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


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


COLLEGE ASSURANCE: Aims to Sell Additional Plans To The Public
--------------------------------------------------------------
College Assurance Plans Philippines, Inc. (CAP) is set to submit
to the Securities and Exchange Commission (SEC) the requirements
for its request to sell additional plans to the public, the
Business World reports, citing CAP First Vice-President Bobby
Cafe.

CAP will submit to the SEC its application for the increase in
its capital stock to PhP6.3 billion from PhP300 million. It has
until October 31 to submit the requirements, which are for the
approval of its application to sell additional plans to the
public worth PhP1 billion, and for the renewal of its dealer's
license, which the Company needs to be able to legitimately sell
additional plans.

The pre-need firm posted a net loss of Php1.68 billion in the
first half of this year, versus a net loss of Php330 million for
the same period of last year.

CONTACT:

College Assurance Plans Phils. Inc.
CAP I Building
126 Amorsolo cor. Herrera Streets
Legazpi Vill., Makati City
Ph: 817-6586, 759-2000
Fax: (0632) 818-0560


MANILA ELECTRIC: To Hike Generation Charge by P0.008/kWh
--------------------------------------------------------
Manila Electric Co. (Meralco) will raise its generation charge
by Php0.008 per kilowatt-hour (kWh), with effect from next month
until October 2006, to cover a portion of transmission line
costs billed by its affiliate, Quezon Power Philippines Ltd.
(QPPL), the Philippine Daily Inquirer reports.

The additional charge is the equivalent of Php366.8 million
during the 24-month period, and follows the 0.0127 pesos per kWh
that is to be billed to its customers from June 2003 until May
2006. The 0.0127 pesos per kWh rate increase also covers a
portion of the transmission line costs billed by QPPL.

The Energy Regulatory Commission (ERC) has approved the latest
additional charge, Meralco told the Philippine Stock Exchange.

For more information, go to
http://bankrupt.com/misc/tcrap_meralco102504.pdf

CONTACT:

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


MANILA ELECTRIC: To Release Quarterly Results on October 27
-----------------------------------------------------------
Manila Electric Company (Meralco) has scheduled its 2004 third
quarter results on October 27, 2004 at 3 o'clock at the Basement
Mini Theater, Lopez Building, Meralco Center, Ortigas Avenue,
Pasig City.

Meralco has also arranged for a simultaneous Conference Call
facility. Details for the conference call are as follows:

Conference all number +852 2112 1333
Passcode: MERALCO

Those who wish to attend are requested to fill up the
appropriate form at
http://bankrupt.com/misc/tcrap_meralco102504C.pdfand send
through fax at +632 631 5591.


NATIONAL POWER: PSALM Orders To Reevaluate 17 Power Plants
----------------------------------------------------------
The Power Sector Assets and Liabilities Management Corp. (PSALM)
will hire a third party assessor to evaluate 17 large power
generation assets of the National Power Corporation (NPC) with a
generating capacity of more than 100 megawatt (MW), ABS-CBN News
reports, citing PSALM Vice President Froilan Tampinco.

The power facilities with a generating capacity of 100 MW and
above include the 850-MW Sucat plant; 100- MW Binga plant;
114.7-MW Iligan I and II plants; 110-MW Pinamucan plant; 600-MW
Calaca plant in May; 275- MW Tiwi plant; 410-MW Makban plant;
112.5-MW Tonogonan plant; 100-MW Pantabangan plant; 150-MW
Bacman plant; 192.5- MW Palinpinon plant; and 360-MW Magat
plant. These assets will be put in the auction block next year.

The government has, so far, sold four hydroelectric plants since
March this year. Next in the list are the 1.2-MW Loboc plant and
the 600-MW Masinloc plant.

CONTACT:

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


NEGROS NAVIGATION: Looks For New Investor To Inject PhP127M
-----------------------------------------------------------
Negros Navigation Co. Inc. (Nenaco) said it needed Php250
million in funds to partially finance outstanding tax
liabilities and repair its shipping vessels, reports the
Philippine Daily Inquirer.

The debt-laden shipping firm is undergoing rehabilitation and is
set to be de-listed from the Philippine Stock Exchange.

Nenaco had already raised Php123 million through a loan from its
parent firm Metro Pacific Corporation. It needs 127 million
pesos more, which it plans to raise either through another loan
or an equity infusion.

The Company previously received Court approval to restructure
Php2.4 billion worth of debts over a 10-year period.

CONTACT:

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


NEGROS NAVIGATION: Details De-listing Proposal
----------------------------------------------
Further to Circular for Brokers No. 4588-2004 dated October 18,
2004 in relation to Negros Navigation Co., Inc.'s (Nenaco)
petition to de-list its shares from the Official Registry of the
Philippine Stock Exchange (PSE) in conjunction with the Tender
Offer filed by Metro Pacific Corporation (MPC), in its letter
dated October 21, 2004, which was received by the PSE on October
22, 2004, submitted its Corporate Secretary's Certificate on the
completion of the delivery of the Notice to Nenaco's
shareholders and the Tender Offer application.

For more information, go to
http://bankrupt.com/misc/tcrap_nenaco102504.pdf

For your information,
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department
Noted by:
JURISITA M. QUINTOS
Senior Vice President - Operations Group


PHILIPPINE REALTY: Unveils Amended Annual Report
------------------------------------------------
Philippine Realty & Holdings Corporation (RLT) provided the
Philippine Stock Exchange a copy of its Amended Annual Report,
using SEC Form 17-A, for the year ended December 31, 2003.

A copy of the Company's Amended Annual Report shall be made
available for downloading at the PSE Web site: www.pse.com.ph
(under listed companies).

For your information,
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department
Noted by:
Jurisita M. Quintos
Senior Vice President

CONTACT:

Philippine Realty & Holdings Corporation
3/F Magnitude Building
186 E. Rodriguez, Jr. Avenue
Libis, Quezon City
Tel. No:  631-3179 to 80
Fax No:  634-1504
E-mail Address:  philrltv@info.com.ph
Auditor:  C.L. Manabat & Company
Transfer Agent:  Fidelity Stock Transfer, Inc.


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


CLS PACIFIC: Creditors To Submit Claims by November 22
------------------------------------------------------
Notice is hereby given that the creditors of CLS Pacific Rim Pte
Ltd, which is being wound up voluntarily, are required on or
before the 22nd day of November 2004 to send in their names and
addresses and particulars of their debts or claims, and the
names and addresses of their solicitors (if any) to the
undersigned, the Liquidators of the said Company.

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

In default thereof, they will be excluded from the benefit of
any distribution made before such debts are proved.

Chee Yoh Chuang
Lim Lee Meng
Liquidators
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423

This Singapore Government Gazette notice is dated October 21,
2004.


HONG LEONG: Posts Change in Shareholder's Interest
--------------------------------------------------
Hong Leong Finance Limited on October 22 released a notice on
the Singapore Stock Exchange pertaining to the change in the
Percentage Level of the Interest of Kwek Leng Beng.

Part I

(1) Date of notice to issuer: October 21, 2004

(2) Name of Director: Kwek Leng Beng

(3) Please tick one or more appropriate box(es):
x a Director's (including a director who is a substantial
shareholder) Interest and Change in Interest. (Please complete
Parts II and IV)

PART II

(1) Date of change of interest: October 21, 2004

(2) Name of Registered Holder: Kwek Leng Beng

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
Please specify details: Acceptance of options granted pursuant
to the Hong Leong Finance Share Option Scheme 2001

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

No. of options held before the change: 1,000,000
As a percentage of issued share capital: 0

No. of options which are the subject of this notice: 360,000
As a percentage of issued share capital: 0

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

No. of options held after the change: 1,360,000
As a percentage of issued share capital: 0

Part III

(1) Date of change of interest:

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

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

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

Part IV

(1) Holdings of Director, including direct and deemed interest:

                                              Direct      Deemed
No. of options held before change:         1,000,000         0
% of issued share capital:                         0         0

No. of options held after change:          1,360,000         0
% of issued share capital:                         0         0

Submitted by:
Yeo Swee Gim Joanne
Company Secretary
22 October


INFORMATICS HOLDINGS: Uses Proceeds from Rights Issue
-----------------------------------------------------
The Board of Directors of Informatics Holdings Incorporated
referred to the Rights Issue and announced that the Company has
utilized a sum of approximately SG$15.5 million from the
proceeds of the Rights Issue:

(1) To repay DBS for credit facilities granted to the Group
4,494;

(2) To discharge the obligations of the Company under the ABN
Amro SBLCs 8,649;

(3) To fund the Group's working capital requirements 2,148; and

(4) To pay part of the professional fees incurred for the
Rights Issue 244 15,535.

Dated October 22, 2004.

By Order of the Board
Raymond Quek Hiong How
Company Secretary
Singapore Stock Exchange


MASTERS AIRFREIGHT: Creditors Must Prove Debts by November 22
-------------------------------------------------------------
Notice is hereby given that the creditors of Masters Airfreight
Pte Ltd, which is being wound up voluntarily, are required on or
before the 22nd day of November 2004 to send in their names and
addresses and particulars of their debts or claims, and the
names and addresses of their solicitors (if any) to the
undersigned, the Liquidators of the said Company.

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

In default thereof, they will be excluded from the benefit of
any distribution made before such debts are proved.

Dated October 21, 2004.

Chee Yoh Chuang
Lim Lee Meng
Liquidators
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423


V. ELEVATOR: Winding Up Hearing Slated for November 12
------------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of V.
Elevator Pte Ltd by the High Court was on the 19th day of
October 2004 presented by Ho Cheok Ling of Apt Block 254,
Serangoon Central Drive #05-221, Singapore 550254, a Creditor.

The Petition is will be heard before the Court sitting at
Singapore at 10:00 o'clock in the forenoon on the 12th day of
November 2004.

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

The Petitioner's address is Apt Block 254, Serangoon Central
Drive #05-221, Singapore 550254.

The Petitioner's Solicitors are Messrs Surian & Partners of 133
New Bridge Road, #25-01/02 Chinatown Point, Singapore 059413.

Dated the 23rd day of October 2004.

Messrs Surian & Partners
Solicitors for the Petitioner

Note: Any person who intends to appear at the hearing of the
Petition must serve on or send by post to Messrs Surian &
Partners notice in writing of his intention to do so. The notice
must state the name and address of the person or if a firm, the
name and address of the firm, and must be signed by the person
or firm, or his or their solicitor (if any) and must be served
or if posted, must be sent by post in sufficient time to reach
the above named not later than 12 o'clock noon of the 11th day
of November 2004.


WEE POH: Details Use of Proceeds from New Shares Placement
----------------------------------------------------------
Further to the announcement made on 16 July 2004, the Directors
of Wee Poh Holdings Limited announced that SG$1,959,961.09 of
the proceeds from the Placement has been utilized in the
following manner:

(a) SG$1,000,000 as a first tranche payment of amounts pursuant
to corporate guarantees made by the Company in favor of certain
banks for the grant of facilities to Wee Poh Construction Co
(Pte) Ltd; and

(b) SG$959,961.09 as a second tranche payment of amounts
pursuant to the same Corporate Guarantees.

More details on such Corporate Guarantees were previously
announced on 17 September 2004 and 27 September 2004.

A further amount of S$362,995 from the proceeds of the Placement
will be deposited with Malayan Banking Berhad in consideration
for the renewal of a bank guarantee issued for the benefit of
WPC.

Dated October 23, 2004

Submitted by:
Chan Wang Kin
Managing Director


WEE POH: Discloses Contents of Circular
---------------------------------------
Wee Poh Holdings Limited announced that the Company will be
dispatching to Company shareholders a circular in relation to
recent announcements by the Company as well as newspaper reports
about the temporary relief of Messrs Chew Yin What and Lee Kok
Swee from their duties in the Company and its subsidiaries.

Contents of Circular

The Circular contains, inter alia, the background leading to the
temporary relief of Chew and Lee from duties and the Company's
rebuttal of allegations contained in a press release by Chew and
Lee on 12 October 2004.

Chew and Lee are aware of reasons for temporary relief from
duties.

In August 2003, it was brought to the attention of the Board
that the liquidator of W&P Piling Pte Ltd alleged that assets of
WPP were missing and/or written off and that the liquidator had
made reports to the police and Commercial Affairs Department
concerning these Assets. The liquidator also alleged these
Assets were on the premises of HL Shipbuilding and Engineering
Pte Ltd. The directors and shareholders of HL are Chew and Lee.
The Board could not ignore the allegations and queried Chew and
Lee but was not satisfied with the explanations given.

Chew and Lee alleged that there was no resolution passed by the
Board on 4 October 2004 and there were no reasons for their
temporary relief from duties.

However, Chew and Lee were present at the Board meeting on 4
October 2004 when the Board discussed the allegations made by
the liquidator of WPP against Chew and Lee and resolved to
temporarily relieve Chew and Lee from their duties in the
Company and its subsidiaries. Therefore, Chew and Lee know the
reasons for their temporary relief from duties.

Chew and Lee remain directors of the Company and are being paid
their salary and are entitled to their benefits in the usual
way.

Equipment and materials stored at HL Shipbuilding and
Engineering Pte Ltd do not belong to Wee Poh Construction Co Pte
Ltd

Chew and Lee also alleged that most of the current equipment and
materials in dispute stored at HL Shipbuilding and Engineering
Pte Ltd are the property of Wee Poh Construction Co Pte Ltd.

However, a recent review of the fixed asset registers and
related accounting information of WPC by an independent auditor
revealed that none of the assets alleged to belong to WPC (or
entries or other adjustments relating to such assets) appear on
WPC's fixed asset registers or related accounting information
from 1 July 2001 to 30 June 2004.

Liquidator felt Chew and Lee unwilling to answer queries on
affairs of W&P Piling Pte Ltd and applied to the High Court to
examine them under oath.

Chew and Lee asserted that they have been keen to help the
relevant authorities to find the Assets.

However, the liquidator of WPP applied to the High Court in
Originating Summons No. 115 of 2004/J to examine Chew and Lee on
oath as to their knowledge of, among other things, the Assets
and their conduct and/or dealings and actions taken by them as
directors of WPP in relation to the Assets.

In support of his application, the liquidator of WPP deposed in
his affidavit filed on 4 March 2004 that: "I verily believe that
Chew is now and was always reluctant and unwilling to provide
full and frank answers on the specific queries raised on the
equipment that is now missing/written off. I am of the view that
Lee's purported answers to the said questionnaires are
insufficient and inadequate and evasive."

On 6 May 2004, the High Court granted the liquidator's
application and made the order sought against Chew and Lee.

If Shareholder does not receive Circular

Shareholders who do not receive the Circular may obtain a copy
of the same from the share registrar of the Company at the
following address:

Lim & Associates (Pte) Ltd
10 Collyer Quay
#19-08 Ocean Building
Singapore 049315

Submission or Revocation of Proxy Form and Supplemental Proxy
Form.

Please note that the Proxy Form in respect of Ordinary
Resolutions 1 to 5 and/or Supplemental Proxy Form in respect of
Ordinary Resolutions 6 to 8, together with the letter or power
of attorney (if any) under which it is signed or a duly
certified copy thereof, must be deposited at the Company's
Registered Office at 213 Upper Thomson Road, Singapore 574348,
not less than 48 hours before the time set for the AGM.

Please also note that if a Proxy Form and/or Supplemental Proxy
Form is revoked, notice of the revocation must be in writing and
deposited at the Company's Registered Office at 213 Upper
Thomson Road, Singapore 574348, not less than 48 hours before
the time set for the AGM.

If Shareholders have any doubts or queries concerning the Proxy
Form or Supplemental Proxy Form, they should contact the Company
Secretary at 6222-7777.

Submitted by:
Chan Wang Kin
Managing Director
October 23, 2004
SGX


WEE POH: Posts Auditors' Opinion on Financial Statements
--------------------------------------------------------
The Directors of Wee Poh Holdings Limited pursuant to Rule
704(5), wish to inform the emphasis of matter stated in the
Auditors' Report of the Company for the financial year ended
June 30, 2004 which is reproduced below:

Auditors' Report To The Members Of Wee Poh Holdings Limited

We have audited the financial statements of Wee Poh Holdings
Limited and the consolidated financial statements of the Group
as set out on pages 6 to 49 for the financial year ended June
30, 2004. These financial statements are the responsibility of
the Company's Directors. Our responsibility is to express an
opinion on these financial statements based on our audit.

Except as discussed in the 5th paragraph below, we conducted our
audit in accordance with Singapore Standards on Auditing. Those
Standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in
the financial statements.

An audit also includes assessing the accounting principles used
and significant estimates made by the Directors, as well as
evaluating the overall financial statements presentation. We
believe that our audit provides reasonable basis for our
opinion.

We draw your attention to Note 2 to the financial statements
which describes the following matters:

(a) The Group incurred a loss of SG$19,134,000 for the financial
year ended June 30, 2004, and as at that date, the Group had net
current liabilities of SG$21,518,000 and net shareholders'
deficit of SG$14,196,000. As at June 30, 2004, the Group's bank
overdrafts exceeded its cash balances by SG$4,784,000.

(b) The Standstill Agreements in place with the Company's
bankers at year end expired on August 31, 2004. On September 17,
2004, the Company announced that Bank A, Bank B and Bank C had
on September 1, 2004, September 13, 2004 and September 13, 2004
respectively, given Letters of Offer to its subsidiary, Wee Poh
Construction Co. (Pte.) Ltd. and to the Company as Guarantor for
WPC to restructure the existing bank facilities. The Directors
of the Company are of the view that the Company and the Group
will be able to comply with the revised terms under the Letters
of Offer.

(c) The Scheme of Arrangement of its subsidiary, Wee Poh
Construction Co. (Pte.) Ltd. is presently in progress. Pursuant
to the Scheme of Arrangement, the subsidiary's creditors will
assign debts up to $15,000,000 owing to them by the subsidiary
to the Company in consideration for which they will receive
shares in the capital of the Company; and

(d) The Directors of the Company have been evaluating various
strategies to improve the operating performance and financial
position of the Company and the Group.

The ability of the Company and the Group to continue operating
as going concerns is dependent on the ability of the Company and
the Group to comply with the revised terms under the Letters of
Offer, the completion of the Scheme of Arrangement and the
success of the strategies of the Directors to improve the
operating performance and financial position of the Company and
the Group. These conditions described in the preceding paragraph
indicate that an uncertainty exists and they may affect the
Company's and the Group's ability to operate as going concerns.
As disclosed in Note 9 to the financial statements, a
subsidiary, WP Lorong Matan Holdings Pte Ltd, has been
deconsolidated from the Group's financial statements for the
financial year ended June 30, 2004 because it operates under
severe long-term restrictions, which significantly impair the
Company's ability to control the subsidiary.

According to Directors of the Company, management accounts of
this subsidiary have not been available since November 1, 2003.
The loss on deconsolidation of this subsidiary amounted to
SG$1,638,000 (Note 21). Had the management accounts of this
subsidiary for the current financial year been available,
subject to an audit and included in the Group's financial
statements, further adjustments, if any, to the Group's
financial statements for the current financial year ended June
30, 2004 might have been determined to be necessary.

In our opinion, except for the matter relating to WP Lorong
Matan Holdings Pte Ltd as referred to in the preceding
paragraph,

(a) the consolidated financial statements of the Group and the
balance sheet and statement of changes in equity of the Company
are properly drawn up in accordance with the provisions of the
Singapore Companies Act and Singapore Financial Reporting
Standards so as to give a true and fair view of the state of
affairs of the Company and of the Group as at June 30, 2004 and
of the results, changes in equity and cash flows of the Group
and changes in equity of the Company for the financial year
ended on that date

(b) the accounting and other records required by the Act to be
kept by the Company and by those subsidiaries incorporated in
Singapore of which we are the auditors have been properly kept
in accordance with the provisions of the Act.

The auditors' report on the financial statements of a
subsidiary, Wee Poh Construction Co. (Pte.) Ltd. contain an
emphasis of matter paragraph as disclosed in Note 31 to the
financial statements.

Deloitte & Touche
Certified Public Accountants

Aric Loh Siang Khee
Partner
Singapore
October 12, 2004

Comments by the Company on emphasis of matter by Auditors on
Financial Statement are as follows:

Note 2 and 31

The Company is implementing measures to improve the operating
performance and financial position of the Company and the Group.
The Letters of Offer from the Banks have already been accepted
and the Company has no problem complying with terms provided
through the sale of its properties, cash injection and debt-
equity conversion to new ordinary shares to the banks.

The Scheme of Arrangement of its subsidiary, Wee Poh
Construction Co (Pte) Ltd is progressing as expected and
Participating creditors will be allotted up to 300,000,000 new
ordinary shares of SG$0.005 each at an issue price of SG$0.05.

For further measures to improve the operating performance and
financial position of the Company and the Group, please refer to
our announcement made on 27 September 2004.

(i) Proposed Acquisition by the Company of the entire issued and
paid up share capital of the Winning Metal Products
Manufacturing Company Limited.

(ii) Proposed debts restructuring of SG$10,948,888 in amounts
owing by the Company and its subsidiaries to several banks, and

(iii) Proposed rights issue and private placement of up to
795,000,000 new ordinary shares of SG$0.005 each in the capital
of the Company.

The Group Companies has fully provided for all receivables from
WP Lorong Matan. On deconsolidation, we have also fully written
off any possible gains arising from this Company and provided
for all losses arising from deconsolidation of this Company. To
the best of our knowledge there is no contingent liabilities
arising from this Company against any of the Group Companies.
The entire assets of this Company has been written off."

Replies by the Company on queries by SGX are as follows:

(Q1) To include bankers guarantees in the aggregate amount of
liabilities covered by the Letter of Offer;

ANS: WPC (UOB) Performance Guarantee = SG$89,000
WPC (MBB) Banker Guarantee = SG$362,995
Total = SG$451,995

(Q2) To disclose:
(i) ALL contingent liabilities and amounts owing by WPC; and

(ii) amount of such liabilities and contingent liabilities
     guaranteed by Wee Poh Holdings.

ANS:
(i) All contingent liabilities and amounts owing by WPC as per
Auditors' report are S$7,759,330 and S$ 33,073,262 respectively.

(ii) Amount of such liabilities and contingent liabilities
guaranteed by Wee Poh Holdings as per Auditors' report are
SG$9,531,127 and SG$4,443,232 respectively.

(Q3) Are there any significant deviations between the audited
numbers (profit & loss statement, balance sheet and cash flow
statement) and un-audited numbers previously announced by the
Company? If none, to confirm so to us. If any significant
deviation, to release the audited numbers via Masnet.

ANS: No significant deviations between the audited numbers
(profit & loss statement, balance sheet and cash flow statement)
and un-audited numbers previously announced by the Company.

(Q4) We refer to para (b) on pg 1 of the Announcement which
mentioned that "The Standstill Agreements in place with the
Company's bankers at year end expired on August 31, 2004. On
September 17, 2004, the Company announced that Bank A, Bank B
and Bank C .....". Please disclose the aggregate amount of
liabilities covered by the Letters of Offer via Masnet if such
information has not been previously announced.

ANS: The aggregate amount of liabilities covered by the Letters
of Offer has been announced via Masnet on 27 September 2004. The
total liabilities amount to SG$10,949,889 (excluding Bankers
Guarantees).

(Q5) We refer to para 2 on pg 2 of the Announcement which states
that "As disclosed in Note 9 to the financial statements, a
subsidiary, WP Lorong Matan Holdings Pte Ltd, has been
deconsolidated from the Group's financial statements for the
financial year ended June 30, 2004 because it operates under
severe long-term restrictions which significantly impair the
Company's ability to control the subsidiary". Please clarify via
Masnet what does the underlined statement means? Please also
address the following via Masnet:

(i) Are there any loans owing to the listco group by this
deconsolidated subsidiary?

(ii) Are there any guarantees given by the listco group for
loans extended to this deconsolidated subsidiary?

(iii) Are there any other potential contingent liabilities on
the listco group arising from the deconsolidated subsidiary?

ANS: (i) The amount owing by WP Lorong Matan Holdings Pte Ltd to
listco group is SG$2,364,529 and it has been fully provided for
in our books.

(ii) No

(iii) No

(Q6) Pursuant to Rule 713(1) of the Listing Manual, please
disclose the date of appointment of the audit partner in charge
of auditing the Company and its group of companies.

ANS: As per Annual Return submitted to ACRA, date of appointment
of Deloitte & Touch‚ as the Company's Auditors was on August 30,
2002.

Submitted by:
Chan Wang Kin
Managing Director
October 23, 2004


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


CAPETRONIC INTERNATIONAL: SET Excludes Stock from Index
-------------------------------------------------------
As the Stock Exchange of Thailand (SET) will adjust the Index
calculation by excluding the stock that has been suspended for
over one year from the Index, the SET announced that Capetronic
International (Thailand) Public Company Limited will be excluded
from the SET Index calculation effective November 17 until such
time the stock is permitted to resume trading.

CONTACT:

Capetronic International (Thailand) Pcl
105 Moo 3,Bangna-Trat Road,
Thakham, Bang Pakong Chacherngsao
Telephone:(038) 573161-72
Fax: (038) 573173-4


CENTRAL PAPER: Issues Update on Rehabilitation
----------------------------------------------
The Central Bankruptcy Court unanimously approved the request
for an investigation of Central Paper Industry Public Company
Limited's rehabilitation plan.

The Central Bankruptcy Court then ordered Central Paper to
undergo the process of rehabilitation on April 26, 2004.
The Court appointed the Company as the rehabilitative planner.

The rehabilitation plan was delivered to the Legal Execution
Official on September 30, 2004.

The Legal Execution Official set the creditors' meeting on
November 5, 2004 to vote for the business rehabilitation plan.

The Company will report further on the procedure.

Yours Sincerely
(Mr.Parkpoom Sitthiprasert)
Administative planner of
Central Paper Industry Company Limited

CONTACT:

Central Paper Industry Public Company Limited
40 Moo 13 Sukhaphiban 6 Road,
Phra Pra Daeng Samut Prakarn
Telephone: 0-2383-0257-70
Fax: 0-2383-0208-9


CHRISTIANI & NIESEN: Unveils Result of the Sale of Shares
---------------------------------------------------------
Christiani & Nielsen advised the Stock Exchange of Thailand on
the Results of the Sale of its Shares.

(1) Information relating to the share offering

Category of shares offered: new ordinary shares of Christiani
and Nielsen (Thai) Public Company Limited

Number of shares offered: 89,147,308 shares

Offered to: existing shareholders to reserve dividend share
payment to the Company's shareholders at the ratio of 3.5
existing shares to 1 dividend share

Price per share: allotment dividend shares at the par value of
THB1

Subscription and payment period: the dividend share payment date
will be on 12th October 2004.

(2) Results of the sale of shares :

[ ] totally sold out
[/] partly sold out, with 1,206 shares remaining.

The Company will deal with the remaining shares as follows:

The remaining shares will be dealt with as authorized by CN
Advisory Company Limited, as plan administrator of Christiani
and Nielsen (Thai) Public Company Limited.

(3) Details of the sale

          Thai investors              Foreign investors
        Juristic     Natural       Juristic  Natural       Total
        persons      persons       persons    persons

Number of persons

         36          2,044          21          26        2,127

Number of shares subscribed

  76,327,801      9,283,402   3,276,096    258,803    89,146,102

Percentage of total shares offered for sale

      85.62        10.41        3.68         0.29        100

(4) Amount of money received from the sale of shares

For dividend payment to shareholders in terms of share dividend,
the shareholders do not pay for dividend shares.

The Company hereby certifies that the information contained in
this report is true and complete in all respects.

(Mr.Sommai Ungsrithong) (Mr.Danuch Yontararak)
CN Advisory Company Limited
As Plan Administrator of
Christiani and Nielsen (Thai) Public Company Limited

CONTACT:

Christiani & Nielsen (Thai) Pcl
50/670 Soi Sukhumvit 105,
Sukhumvit Rd, Bang Na,
Phra Khanong Bangkok
Telephone: 0-2398-0158
Fax: 0-2398-9860
Web site: www.cn-thai.co.th


PRASIT PATANA: Issues Progress Report on Operations
---------------------------------------------------
Prasit Patana Public Company Limited disclosed to the Stock
Exchange of Thailand (SET) the progress on the improvement of
its operations in order to move its status from Rehabco to
Normal Trading Board:

- April 2004 to September 2004:

After the Company made a new loan, it is continuously able to
follow terms and conditions of the new agreement.

June 2004

The Company and its subsidiaries made THB181 Million profit for
the period of six months ended June 30, 2004 compared to that of
last year, which amounts to THB105 million loss.

June 2004

Capital deficiency decreased.

Capital deficiency as of June 30, 2004 (audited) is equal to
THB1,499 Million compared to December 31, 2003 which equal to
THB1,690 Million.

Aug 2004 and September 2004

The Company appointed I-Bcon international Company Limited as
financial advisor in order to study details of Equity
Restructured and perform Financial Due diligence and projected
financial performance and appointed Allen & Overy (Thailand)
Company Limited as legal advice.

For your acknowledgements,
Yours faithfully,
(Kraivin Srikraivin)
Deputy Managing Director
Operational Support Group

CONTACT:

Prasit Patana Public Company Limited
943 Phahonyotin Road, Samsennai, Phaya Tai Bangkok
Telephone: 0-2617-2444
Fax: 0-2617-2463
Website: www.phyathai.com




* BOND PRICING: For the Week 25 October to 29 October 2004
----------------------------------------------------------

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


AUSTRALIA
---------

Advantage Group                      10.000%     4/15/06    1
Amcom Telecommunications Ltd         10.000%    10/28/07    2
Amity Oil Ltd.                       10.000%    10/31/13    2
APN News & Media Ltd                  7.250%    10/31/08    5
A&R Whitcoulls Group                  9.500%    12/15/10    9
Austrim National Radiation Ltd.       9.500%    10/31/04   61
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.250%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.250%    10/15/06    9
Capital Properties NZ Ltd             8.500%     4/15/05    7
Capital Properties NZ Ltd             8.500%     4/15/07    8
Capital Properties NZ Ltd             8.500%     4/15/09    9
Citigold Corp.                       12.000%     3/29/07    1
Consolidated Minerals Ltd            11.250%     3/31/05    2
Djerriwarrh Investments Ltd           6.500%     9/30/09    4
Evans & Tate Ltd                      8.250%    10/29/07    1
Fletcher Building Ltd                 7.900%    10/31/06    8
Fletcher Building Ltd                 8.300%    10/31/06    8
Fletcher Building Ltd                 8.600%     3/15/08    8
Fletcher Building Ltd                 8.750%     3/15/06    8
Fletcher Building Ltd                 8.850%     3/15/10    8
Fletcher Building Ltd                10.500%     4/30/05    7
Fernz Corp Ltd                        8.560%    10/15/06    8
Futuris Corporation Ltd               7.000%    12/31/07    2
Gympie Gold Ltd.                      8.500%     9/30/07    1
Hy-Fi Securities Ltd                  7.000%     8/15/08    8
Hy-Fi Securities Ltd                  8.750%     8/15/08   12
Hutchison Telecoms Australia          5.500%     7/12/07    1
Infrastructure and Utility            8.500%     9/15/13    8
NPT Capital Ltd                       9.500%    11/30/04    9
Nuplex Industries Ltd                 9.300%     9/15/07    8
Powerco Ltd                           8.150%      9/1/07    8
Powerco Ltd                           8.400%     5/22/07   10
Richmond Ltd                         10.750%    12/15/04   10
Salomon Smith Barney Australia        4.250%      2/1/09    9
Sapphire Securities                   7.410%     9/20/35    7
Sapphire Securities                   7.410%     9/20/35    9
Sapphire Securities                   9.160%     9/20/35    9
Sky Network Television Ltd            9.300%    10/29/49    8
Software of Excellence                7.000%     8/09/07    2
Strathfield Group                    11.000%    12/31/05    1
Structural Systems Ltd               11.000%     6/30/07    1
Sydney Gas Company                   12.000%     4/1/06     1
Tower Finance Ltd                     8.650%    10/15/09    8
Tower Finance Ltd                     8.750%    10/15/07    8
TrustPower Ltd                        8.300%     9/15/07    8
TrustPower Ltd                        8.500%     9/15/12    8
TrustPower Ltd                        8.500%     3/15/14    8
Urbus Properties Ltd                  9.250%     3/10/07    1
Vision Systems Ltd                    9.000%    12/15/08    2


CHINA
-----

China Government Bond                  2.600%    9/20/17    74
China Government Bond                  2.900%    5/24/32    62
China Government Bond                  3.400%    4/17/23    74
HKSAR Government                       3.750%    7/23/09     3


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   72


MALAYSIA
--------

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


SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
Rabobank Singapore                     1.000%      1/15/13   74
Sengkang Mall                          8.000%     11/20/12    1
Tampines Assets Ltd                    5.625%      12/7/06    1
Tampines Assets Ltd                    6.000%      12/7/06    1
Tincel Ltd                             7.400%      6/13/11    1







                            *********


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

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.  Information
contained herein is obtained from sources believed to be
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subscription or balance thereof are $25 each.  For subscription
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                 *** End of Transmission ***