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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Wednesday, October 27, 2004, Vol. 7, No. 213

                            Headlines

A U S T R A L I A

ALLSTATE EXPLORATIONS: Enters Into Restructure Deal with MBL
AMP LIMITED: Unit Generates Strong Q3 Cash Flows
BLUEMASK PTY: Winds Up Voluntarily
BMP ADMINISTRATION: Liquidators Appointed
BMP CONSTRUCTIONS: Creditors Resolve to Voluntarily Wind Up

BMP GROUP: To Undergo Voluntary Winding Up Proceedings
CARNIC HOLDINGS: Sets October 29 as Date of Final Meeting
CEYLON BROS: Final Meeting Scheduled October 29
FARNBOROUGH INVESTMENTS: NAB Ceases as Controller
JAMES HARDIE: SA Premier Renews Threat to Boycott Products

MAYNE GROUP: Appoints New Non-executive Directors
NEROLA HOLDINGS: Receivers and Managers Appointed
PLAYMASK PTY: To Face Winding Up Proceedings
PRIMELIFE CORPORATION: Releases 2004 Annual Report
PRIMELIFE CORPORATION: Sets AGM on November 26

QANTAS AIRWAYS: Eyes US$4-Bln Fleet Upgrade
RANDWORTH & CO: Final Meeting Slated for October 29
REST POINT: Voluntarily Winds Up
SHELLWAY PTY: Liquidators from Ernst & Young Appointed
SIMTAS HOLDINGS: Official Liquidator Appointed

TIFINE PTY: Appoints Jamieson Louttit as Liquidator
TOPWISH PTY: Issues Notice of Voluntary Winding Up


C H I N A  &  H O N G  K O N G

BROADWAY SPORTSWEAR: Members, Creditors Meetings Set November 5
CHINA CITY: Unveils Proposed Rights Issue
CHINA GAS: Enters Into Agreement to Set Up Cangzhou JV
HONOUR OPTICAL: Sets Winding Up Petition Hearing on November 3
SINO ZOOM: Posts Creditors Meeting Schedule

YIP TAI: Undergoes Bankruptcy Proceedings
* Big Four Gains Conceal Debt Risks


I N D O N E S I A

PERTAMINA: Chief Threatens to Resign if State Honors KBC's Claim
PERTAMINA: To Bolster C3 Production
SEMEN GRESIK: Cement Sales Up 12% On Year
* Two Singapore Firms Exit Batam Without Paying Workers


J A P A N

FUJITSU LIMITED: Introduces Biometrics Authentication Systems
JAPAN AIRLINES: Operates Special Tokyo-Niigata Flights
MITSUBISHI FUSO: To Make More Replacement Parts for Rosa
MITSUBISHI MOTORS: Unveils Production, Sales and Exports Results
RESONA HOLDINGS: Expects ATM Placements to Lift Profit

RESONA HOLDINGS: Revises First-half Profit Forecast


K O R E A

HYNIX SEMICONDUCTOR: Unveils 3Q FY2004 Earnings Result
SK CORPORATION: Sovereign Asset Plans to Oust Chairman


M A L A Y S I A

ACTACORP HOLDINGS: Updates Restructuring Proposal
ANCOM BERHAD: Releases Shares Buy Back Notice
ANTAH HOLDINGS: Issues Default Status Update
CSM CORPORATION: Issues Delisting of Securities
FABER GROUP: Granted Listing of 33,000 New Ordinary Shares

GOLDEN FRONTIER: Releases Shares Buy Back Notice
INTAN UTILITIES: SC OKs Proposals
KUMPULAN BELTON: Discloses Status of Default
LEE SWEE: Completes Share Sale Agreement
MEDAS CORPORATION: Shareholders OK Restructuring Scheme

NAUTICALINK BERHAD: Notice of Book Closure Period Shortened
POLY GLASS: Returns to Profit in First Half
PSC INDUSTRIES: Notes Closed Period Dealings By Chairman
REKAPACIFIC BERHAD: Unit Faces Winding Up Proceedings


P H I L I P P I N E S

COLLEGE ASSURANCE: Fil-Estate Swaps Land For Php496-Mln Shares
MUSIC SEMICONDUCTORS: Appoints New Directors
NEGROS NAVIGATION: MetroPac Clarifies Php127-Mln Funding Report
PHILIPPINE LONG: Notes Additional Listing of Shares


S I N G A P O R E

ALTO INVESTMENT: Issues Dividend Notice
LIANG HUAT: Unit Faces Winding Up
NDK ELECTRONICS: Creditors To Submit Claims by November 22
P&O OFFSHORE: Final Meeting Set November 24
RAINBIRDS FIRE: Posts Final Dividend Notice

SOON HUA: Creditors Must Prove Debts by November 22


T H A I L A N D

ADVANCE PAINT: Unveils Resolution of Shareholders Meeting
MANAGER MEDIA: Wishes to Conclude Rehab Plan Procedure
NATURAL PARK: Unveils Procedure, Period of Capital Reduction
THAI PETROCHEMICAL: Extends Financial Aid to Affiliates

     -  -  -  -  -  -  -  -

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


ALLSTATE EXPLORATIONS: Enters Into Restructure Deal with MBL
------------------------------------------------------------
Allstate Explorations NL (ALX) advised the Australian Stock
Exchange (ASX) that on October 22, 2004, the Company and its
subsidiaries, Allstate Prospecting Pty Limited and ACN 070 164
653 Pty, entered into a Restructure Agreement with the ALX
group's financier, Macquarie Bank Ltd. (MBL).

The main effects of the Restructure Agreement are:

- ALX will no longer be liable under the existing MBL hedging
contracts as a principal as the subsidiaries are now the only
parties liable as principals.

- ALX's exposure in relation to the existing MBL hedging
contracts will be as a guarantor of the Subsidiaries'
obligations.  The guarantee is a limited recourse guarantee,
which is secured by a mortgage over ALX's shareholdings in the
Subsidiaries.

The ALX group's liabilities to MBL going forward can now be
summarized as:

- Contingent liabilities of the Subsidiaries under hedge
contract positions, which are secured over the assets of the
subsidiaries;

- The contingent liability of ALX under the limited recourse
guarantee given by ALX which is secured by a mortgage over ALX's
shareholdings in the Subsidiaries referred to above; and

- Unsecured debts owed to MBL by Subsidiaries.

As a result of entering into the Restructure Agreement
approximately $1.2 million of cash held by ALX being surplus net
management fee income, is now available for distribution to
ALX's pre-appointment unsecured creditors.

Michael Ryan
Joint and Several Deed Administrator
Allstate Explorations NL
(Subject to Deed of Company Arrangement)


AMP LIMITED: Unit Generates Strong Q3 Cash Flows
------------------------------------------------
Insurer and fund manager AMP Limited disclosed its main
Australian Financial Services division yielded strong cash flows
for the third quarter, offsetting last year's net outflow,
Reuters reports.

The unit tallied net cash flows of AU$257 million (US$193
million) for the third quarter of this year, reversing net
outflows of AU$140 million for the same period last year.

For the nine months to September 30, net cash flows reached
AU$797 million, compared with a net outflow of AU$679 million,
previously.

AMP, which attributes 80 percent of its operating margins to its
financial services division, reported better profit in the first
half due to higher investment returns and improved margins after
withdrawing from its British operations.

AMP spun off its British life insurance business HHG Plc in
December, scrapping the operations after they were hit by the
worst bear market in 50 years.

The problems in Britain sparked huge losses and billions of
dollars in write-downs for AMP, triggering a 70-percent plunge
in AMP's shares from June 2001.

CONTACT:

AMP Limited
Level 24, AMP Building,
33 Alfred Street,
Sydney, Nsw, Australia, 2000
Head Office Telephone: (02) 9257 5000
Head Office Fax: (02) 9257 7178
Web site: http://www.amplimited.com/


BLUEMASK PTY: Winds Up Voluntarily
----------------------------------
Notice is given that the creditors of Bluemask Pty Limited
(Under Administration) resolved that the Company be wound up
under Section 445E on 9 September 2004 and accordingly, due to
the application of Section 446A, the Company is taken to have
passed a special resolution under Section 491 that the Company
be wound up voluntarily on that date and Richard Albarran and
Geoffrey McDonald were appointed Liquidators.

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


BMP ADMINISTRATION: Liquidators Appointed
-----------------------------------------
Notice is given that the creditors of BMP Administration Pty
Limited (Under Administration) resolved that the Company be
wound up under Section 445E on 9 September 2004 and accordingly,
due to the application of Section 446A, the Company is taken to
have passed a special resolution under Section 491 that the
Company be wound up voluntarily on that date and Richard
Albarran and Geoffrey McDonald were appointed Liquidators.

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


BMP CONSTRUCTIONS: Creditors Resolve to Voluntarily Wind Up
-----------------------------------------------------------
Notice is given that the creditors of BMP Constructions Pty
Limited (Under Administration) resolved that the Company be
wound up under Section 445E on 9 September 2004 and accordingly,
due to the application of Section 446A, the Company passed a
special resolution under Section 491 that the Company be wound
up voluntarily on that date and Richard Albarran and Geoffrey
McDonald were appointed Liquidators.

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


BMP GROUP: To Undergo Voluntary Winding Up Proceedings
------------------------------------------------------
Notice is given that the creditors of BMP Group Pty Limited
(under Administration) resolved that the Company be wound up
under Section 445E on 9 September 2004 and accordingly, due to
the application of Section 446A, the Company is taken to have
passed a special resolution under Section 491 that the Company
be wound up voluntarily on that date and Richard Albarran and
Geoffrey McDonald were appointed Liquidators.

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


CARNIC HOLDINGS: Sets October 29 as Date of Final Meeting
---------------------------------------------------------
Notice is hereby given pursuant to section 509(2) of the
Corporations Law that the final meeting of members of Carnic
Holdings 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 Companies disposed of.

Dated this 13th day of September 2004

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


CEYLON BROS: Final Meeting Scheduled October 29
-----------------------------------------------
Notice is hereby given pursuant to section 509(2) of the
Corporations Law that the final meeting of members of Ceylon
Bros 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 Companies disposed of.

Dated this 13th day of September 2004

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


FARNBOROUGH INVESTMENTS: NAB Ceases as Controller
-------------------------------------------------
National Australia Bank Limited A.C.N. 004 044 937 of Level 26,
255 George Street, Sydney gives notice that on 3 September 2004,
it ceased to be controller of the property of Farnborough
Investments Pty Ltd specified in the schedule, under the powers
contained in registered mortgage debenture no. 724836.

SCHEDULE

The Assets and rights in respect of the Business Name as
described in the agreement for sale of assets between National
Australia Bank Limited, Anthony Neville Piggott and June Ava
McBurney dated 21 November 2003.

Dated this 13th day of September 2004


JAMES HARDIE: SA Premier Renews Threat to Boycott Products
----------------------------------------------------------
South Australian Premier Mike Rann has again warned to boycott
James Hardie products if the Company does not adequately
recompense asbestos victims, reports ABC News.

Mr. Rann has told the Parliament James Hardie must provide
proper compensation after the Medical Research and Compensation
Foundation, which the Company set up to compensate asbestos
victims, warned it may not have enough money to cover its
liabilities.

"James Hardie gives massive payouts to its fat cats but not to
dying and suffering workers," Mr. Rann.

"They're prepared to pay $9 million for executives but not
prepared to help those who are suffering as a result of their
work for James Hardie.

"I don't know how James Hardie executives can lie straight in
bed for what they've done. James Hardie must do the right
thing."

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.


MAYNE GROUP: Appoints New Non-executive Directors
-------------------------------------------------
Mayne Group Limited (ASX:MAY) yesterday announced the
appointment of Mr. David Knott and Dr. John Sime as non-
executive directors of the Company.

Mr. Knott has more than 30 years of experience in law, financial
services and public administration during which he has held a
variety of CEO and other senior management positions.

On 31 December 2003, he completed a three-year term as Chairman
of the Australian Securities and Investments Commission. He
previously held senior public management roles in prudential
supervision and funds management including Chief Operating
Officer of the Australian Prudential Regulatory Authority,
Executive Director of the Australian Financial Institutions
Commission and Managing Director of Commonwealth Funds
Management Limited.

He has extensive private sector experience gained in 13 years of
legal practice (specializing in commercial and corporate law)
followed by 10 years in investment banking.

Dr. Sime holds a PhD in Biochemistry from the University of
London and has held senior positions in academia and the
pharmaceutical industry. He is currently Adjunct Professor at
Swinburne University of Technology and was previously Director
of Research Support and Development at the Imperial College of
Science Technology and Medicine in London. Dr. Sime was Chief
Executive Officer of the Bioindustry Association (UK) and has
more than 25 years experience at SmithKline Beecham
Pharmaceuticals (now GlaxoSmithKline plc) having held a number
of senior positions including Managing Director of the
Australasian business and Global Senior Vice President and
Director, Strategic Marketing.

In 2003, Mayne's Board of Directors introduced a guideline that
recommends a nine-year tenure for non-executive directors. The
Company has been working since that time to identify and appoint
directors to replace those that have served for nine years or
more.

As announced by Mayne on 3 August 2004, Dr Ian Blackburne joined
the Board on 1 September 2004. Professor Judith Sloan, who has
served nine years, will retire at the conclusion of Mayne's
Annual General Meeting on 9 November 2004. Mr. Peter Mason and
Mr. Peter Barnett, who have served for 12 years and nine years
respectively, will retire in February 2005 following an
appropriate transition period for Dr. Sime and Mr. Knott.

Mayne's Chairman Mr Peter Willcox thanked Professor Sloan, Mr.
Barnett and Mr. Mason for their valuable contributions to Mayne.
He also said he was delighted with the new appointments and
welcomed Dr Sime and Mr Knott to the Board.

"I am very pleased with the outcome of our director transition
process. We have been working for a number of months to secure
experienced and high calibre directors to take the place of
those that have contributed significantly to Mayne's progress in
recent years," Mr. Willcox said.

"Mayne has undergone a significant restructuring in the last 18
months to focus on those segments of healthcare that we believe
will provide attractive returns to shareholders," he said.

"We have established leading positions in our chosen segments in
Australia, Europe and North America and we are determined to
continue to deliver real value to our shareholders. The addition
of David Knott and John Sime to our Board will strengthen our
ability to grow our businesses and pursue carefully selected
opportunities."

David Knott said he was enthusiastic about joining the Board at
a time when Mayne was focused on growing its domestic healthcare
and international specialty pharmaceuticals businesses.

"Mayne is a Company with a revitalized sense of direction, a
sound balance sheet, specialty business strengths and a Board
and management committed to growing sustainable shareholder
value. Improved performance over the past 12 months reflects
these factors and promises well for the future. I am looking
forward with confidence to Mayne's further progress and
success," Mr. Knott said.

Dr John Sime said he was looking forward to working with the
senior management team to continue driving Mayne's growth
strategy forward.

"Significant steps have been made to refocus Mayne on higher
return segments in the healthcare sector and it is our job to
ensure that those changes translate into real returns for
shareholders. The ageing population around the world, higher
penetration of generic pharmaceuticals and increased use of
diagnostic testing to prevent invasive surgery means Mayne is
well positioned to benefit from the growth trend in healthcare
in coming years," Dr. Sime said.

Since Mr. Knott's and Dr. Sime's appointments were determined
following the issue of Mayne's 2004 Notice of Meeting, the
appointments will be effective on 10 November, and they will
stand for election at the 2005 Annual General Meeting.

Mayne Group Limited is listed on the Australian Stock Exchange
and has businesses in international specialty pharmaceuticals
(the manufacture of injectable and oral pharmaceuticals for
distribution to more than 50 countries), diagnostic services
(pathology, diagnostic imaging and medical centers), pharmacy,
and health-related consumer products.

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/


NEROLA HOLDINGS: Receivers and Managers Appointed
-------------------------------------------------
Westpac Banking Corporation A.B.N. 33 007 457 141 of 60 Martin
Place, Sydney, New South Wales, 2000 (Bank) gives notice that on
8 September 2004 it appointed Anthony Milton Sims and Neil
Geoffrey Singleton of SimsPartners, Level 24, Australia Square
Tower, 264 George Street, Sydney, New South Wales, 2000 as joint
and several receivers and managers of Nerola Holdings Pty
Limited A.B.N. 31 003 572 361 (Company) to collect rents and
other amounts in respect of the Property (as defined in the
instruments below) under the powers conferred on it by a
mortgage dated 19 May 1999 and registered with the Land and
Property Information Office as mortgage no. 5955474.

Dated this 14th day of September 2004

Westpac Banking Corporation
A.B.N. 33 007 457 141


PLAYMASK PTY: To Face Winding Up Proceedings
--------------------------------------------
Notice is given that the creditors of Playmask Pty Limited
(Under Administration) resolved that the Company be wound up
under Section 445E on 9 September 2004. Accordingly, due to the
application of Section 446A, the Company passed a special
resolution under Section 491 that it be wound up voluntarily on
that date and Richard Albarran and Geoffrey McDonald were
appointed Liquidators.

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


PRIMELIFE CORPORATION: Releases 2004 Annual Report
--------------------------------------------------
Primelife Corporation Limited has released a copy of its 2004
Annual Report.

A copy of the full report shall be made available at:
http://bankrupt.com/misc/TCRAP_PRIMELIFECORP102604.pdf

CONTACT:

Primelife Corporation Limited
ABN 16 010 622 901
Level 2, 210 Kings Way
South Melbourne Vic 3205
Phone: 03 8699 3300
Fax: 03 8699 3399
Web site: http://www.primelife.com.au


PRIMELIFE CORPORATION: Sets AGM on November 26
----------------------------------------------
Notice is given that the Annual General Meeting of Primelife
Corporation Limited (Company) will be held at 2:00 pm on Friday
the 26th of November 2004 at Melbourne Exhibition and Convention
Centre, Auditorium, Level 2, 2 Clarendon Street, Southbank.

AGENDA

(1) To receive and consider the financial statements and reports
of the Directors and the auditors for the financial year ended
30 June 2004.

(2) To consider and, if thought fit, to pass the following as an
ordinary resolution:
`That Ronald J Walker AC CBE who retires by rotation in
accordance with rule 79 of the Company's constitution, and being
eligible, be re-elected as a Director of the Company'

(3) To consider and, if thought fit, to pass the following as an
ordinary resolution:
`That Sandra V McPhee who retires by rotation in accordance with
rule 79 of the Company's constitution, and being eligible, be
re-elected as a Director of the Company.'

NOTES

(a) A member who is entitled to attend and cast a vote at the
meeting is entitled to appoint a proxy.

(b) The proxy need not be a member of the Company. A member who
is entitled to cast 2 or more votes may appoint 2 proxies and
may specify the proportion or number of votes each proxy is
appointed to exercise.

(c) If you wish to appoint a proxy and are entitled to do so,
then complete and return the enclosed/attached proxy form.

(d) A corporation may elect to appoint a representative, rather
than appoint a proxy, in accordance with the Corporations Act
2001 in which case the Company will require written proof of the
representative's appointment which must be lodged with or
presented to the Company before the meeting.

(e) The Company has determined in accordance with regulation
7.11.37 of the Corporations Regulations 2001 that for the
purpose of voting at the meeting or adjourned meeting, Shares
will be taken to be held by those persons recorded in the
Company's register of members as at 7.00 pm on 24 November 2004.

(f) If you have any queries on how to cast your votes then call
Share Registry on 1300 554 474 during business hours.

DATED this 25th day of October 2004
By Order of the Board
Greg Flood
Company Secretary

To view the Explanation Memorandum and to have a copy of the
proxy form, click on:
http://bankrupt.com/misc/TCRAP_2PRIMELIFECORPORATION102604.pdf


QANTAS AIRWAYS: Eyes US$4-Bln Fleet Upgrade
-------------------------------------------
National flag carrier Qantas Airways is allocating US$4 billion
to replace its old fleet of Boeing 747s with more modern
aircraft, relates the Associated Press, citing the Australian
Financial Review newspaper.

The move is aimed at boosting efficiency and countering intense
competition from the airline's rivals.

Qantas is planning to replace its 24 Boeing 747 jets with Boeing
777s or Airbus A340 planes, which would enable the carrier to
fly non-stop to Europe, the Middle East and the United States
from parts of Australia, reducing fuel costs and landing fees.

According to the report, Qantas was expected to reach a decision
on the type of planes to purchase in the first semester next
year.

The paper also quoted Qantas Chief Financial Officer Gregg as
saying the airline's cash flow and existing debt will be used to
finance the purchases.

Qantas did not immediately comment on the report.

CONTACT:

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


RANDWORTH & CO: Final Meeting Slated for October 29
---------------------------------------------------
Notice is hereby given pursuant to section 509(2) of the
Corporations Law that the final meeting of members of Randworth
& Co 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


REST POINT: Voluntarily Winds Up
--------------------------------
Notice is hereby given that at a General Meeting of members of
Rest Point Arcade Pty Ltd (In Members Voluntary Liquidation)
duly convened and held at 20 King Street Murwillumbah NSW 2484
on 14th September 2004, the following special resolution was
passed:

That the Company be wound up as Members Voluntary Liquidation.

It was further resolved by Ordinary Resolution that the
undersigned be appointed Liquidator.

Dated this 14th day of September 2004

Richard Jason Anderson
Liquidator
c/- Jenkins Mayberry & Associates
20 King Street, Murwillumbah NSW 2484


SHELLWAY PTY: Liquidators from Ernst & Young Appointed
------------------------------------------------------
At an Extraordinary General Meeting of Shellway Pty Limited (In
Member's Voluntary Liquidation) held on 15 September 2004, the
Company's members resolved to wind up the Company voluntarily
and to appoint John Gibbons and Keiran Hutchison of Ernst &
Young, Level 16, 321 Kent Street, Sydney, NSW 2000 as
Liquidators.

Dated this 28th day of September 2004

John Gibbons
Keiran Hutchison
Liquidators
Shellway Pty Limited (in liquidation)
Ernst & Young
Level 16, 321 Kent Street,
Sydney NSW 2000
Telephone: (02) 9248 5555


SIMTAS HOLDINGS: Official Liquidator Appointed
----------------------------------------------
Jamieson Louttit was appointed Official Liquidator of Simtas
Holdings Australia Pty Limited (In Liquidation) A.C.N. 104 087
970 pursuant to an Order of the Supreme Court of New South
Wales, Equity Division on 9 September 2004.

Jamieson Louttit
Official Liquidator
Jamieson Louttit & Associates
Level 15, 88 Pitt Street, Sydney NSW 2000
Telephone: (02) 9231 0505,
Facsimile: (02) 9231 0303


TIFINE PTY: Appoints Jamieson Louttit as Liquidator
---------------------------------------------------
Tifine Pty Limited was wound up voluntarily and placed In
Members' Voluntary Liquidation on 15 September 2004 and Jamieson
Louttit was appointed Liquidator.

Jamieson Louttit
Liquidator
Jamieson Louttit & Associates
Level 15, 88 Pitt Street,
Sydney NSW 2000.
Telephone: (02) 9231 0505,
Facsimile: (02) 9231 0303


TOPWISH PTY: Issues Notice of Voluntary Winding Up
--------------------------------------------------
Notice is given that the creditors of Topwish Pty Limited (under
Administration) resolved that the Company be wound up under
Section 445E on 9 September 2004 and accordingly, due to the
application of Section 446A, the Company is taken to have passed
a special resolution under Section 491 that the Company be wound
up voluntarily on that date and Richard Albarran and Geoffrey
McDonald were appointed Liquidators.

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


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


BROADWAY SPORTSWEAR: Members, Creditors Meetings Set November 5
---------------------------------------------------------------
Notice is hereby given that pursuant to Section 247 of the
Companies Ordinance, a meeting of the members of the Broadway
Sportswear Limited will be held at 22nd Floor, Wing On Centre,
111 Connaught Road Central, Hong Kong on 5th day of November
2004 at 2:30 p.m.

It will be followed by a meeting of the Company creditors to be
held at the same place at 2:45 p.m. for the purpose of receiving
an account of the liquidator's act and dealings and of the
conduct of the winding up of the Company during the year ended 6
August 2004.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and vote instead of him. A
proxy need not be a member or creditor of the Company. Forms of
proxies for both meetings must be lodged at 22nd Floor, Wing One
Centre, 111 Connaught Road Central, Hong Kong not later than
4:00 p.m. on the day before the meetings.

Dated this 21st day of October 2004

Dermot Agnew
Joseph K. C. Lo
Joint and Several Liquidators


CHINA CITY: Unveils Proposed Rights Issue
-----------------------------------------
A proposed rights issue of China City Natural Gas Holdings
Limited was posted at the Hong Kong Stock Exchange on October
26, 2004 on the basis of two rights shares for every ten
existing shares held on record date with bonus shares to be
issued with rights shares on the basis of three bonus shares for
every two fully paid rights shares.

To view the entire document click on the link below:
http://bankrupt.com/misc/tcrap_chinacitynaturalgashldgsltd102604
.pdf


CHINA GAS: Enters Into Agreement to Set Up Cangzhou JV
------------------------------------------------------
China Gas Holdings Limited announced that it has entered into
agreement with Cangzhou Municipal Government to establish
Cangzhou JV, which will principally tackle design, construction,
and operation of natural gas pipeline network and ancillary
facilities as well as provision of piped natural gas in
Cangzhou.   

To view the entire document click on the link below:
http://bankrupt.com/misc/tcrap_chinagasholdings102604.pdf
   

HONOUR OPTICAL: Sets Winding Up Petition Hearing on November 3
--------------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Honour Optical Limited by the High Court of Hong Kong Special
Administrative Region was on the 31st day of August 2004
presented to the said Court by Tse Choi Ha of Flat C, 2nd Floor,
Block 2, Grandview Garden, Hammer Hill Road, Diamond Hill,
Kowloon, Hong Kong.

The Petition will be heard before the Court at 10:00 a.m. on the
3rd day of November 2004.

Any creditor or contributory of the 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.

Patrick K. H. Lam & Co.
Solicitors for the Petitioner
Room 1913, North Tower, Concordia Plaza
1 Science Museum Road, Tsimshatsui
Kowloon, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 2nd day of
November 2004.


SINO ZOOM: Posts Creditors Meeting Schedule
-------------------------------------------
Sino Zoom Limited has set its meeting schedule for its creditors
and contributories on 3 November 2004 (Wednesday).

Creditors:  10:00a.m.
Contributories: 11:00a.m.

Place: Official Receiver's Office,
10th Floor, Queensway Government Offices,
66 Queensway, Hong Kong.

Dated this 21st day of October 2004

Lee Mei Yee, May
Acting Official Receiver & Provisional
Liquidator


YIP TAI: Undergoes Bankruptcy Proceedings
-----------------------------------------
Notice is hereby given that Bankruptcy Orders against Chiu Tin
Shing Trading as Yip Tai Wareplasticmetal Manufactory were
made on 11th October 2004 . All debts due to the estates should
be paid to the undersigned.

Dated this 21st day of October 2004.

Lee Mei Yee, May
Acting Official Receiver


* Big Four Gains Conceal Debt Risks
-----------------------------------
China's "big four" banks, comprised of China Construction Bank,
Industrial and Commercial Bank, Agricultural Bank and Bank of
China, have all reported improved profits due to the country's
economic growth in the first nine months, according to The
Standard.

However, with the economy slowing, the tight rules on lending
and new debts emerging, the profit growth is unlikely to create
a repeat performance.

China Construction Bank (CCB) on Monday reported its operating
profit in the year ending September rose 21.5 percent to
CNY49.94 billion (HK$47 billion).

Industrial and Commercial Bank (ICBC), on the other hand, showed
an equally strong rise in earnings, also up 21.5 per cent year
on year in the first nine months to CNY57.9 billion. Its total
outstanding loans also climbed to CNY226.2 billion.

CCB, which has been a recipient of half of a US$45 billion
government bailout (the other half went to Bank of China), said
its non-performing asset ratio was largely unchanged at 3.74
percent last month.

Bank of China, likewise, saw great improvement with its
operating profit jumping 23.7 percent in the first nine months
to CNY47.99 billion.

ICBC, which did not receive any bailout from the state, has
maintained its bad loans ratio at 19.46 percent at the end of
September.

Agricultural Bank, the weakest of all four banks, tallied an
operating profit of CNY24.5 billion and used up 60 percent of
its earnings to pay-off increasing bad loans.  


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


PERTAMINA: Chief Threatens to Resign if State Honors KBC's Claim
----------------------------------------------------------------
PT Pertamina president director Widja Purnama has threatened to
resign if the government paid a US$271-million compensation
claim of U.S.-based Karah Bodas Company (KBC) on the state oil
and gas firm, says Antara.

"We are in the process of appealing (an international court
ruling endorsing KBC's claim). If the government pays the claim,
I will resign," Mr. Widja warned.

Mr. Widja said he would meet with President Susilo Bambang
Yudhono to explain the chronology of KBC's claim and to discuss
ways to resolve the issue.

Pertamina's conflict with KBC started when in the wake of the
late 1990s economic crisis the government terminated a contract
signed by KBC to build two geothermal power plants in Garut,
West Java.

In 2000, KBC filed a lawsuit with the International Court of
Justice against Pertamina for breach of contract.

An arbitration proceeding ruled in favor of KBC. But Pertamina
refused to honor the ruling, claiming the contract was tarnished
with corruption.

At that time, Mr. Widja declared the oil firm will not pay the
claim if corruption was proven in the contract with KBC, adding
there were strong indications of graft in the 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


PERTAMINA: To Bolster C3 Production
-----------------------------------
State oil and gas firm PT Pertamina aims to nearly double its
propylene output at its Balongan refinery to 400,000 tonne/y by
the end of 2006, Asia Intelligence Wire reports.

In July 2004, Pertamina streamlined the operations of its
Balongan refinery and raised production capacity from 180,000
tonne/y to 210,000 tonne/y. The move will boost the refinery
capacity in the second phase to nearly 300,000 tonne/y by the
end of 2006.

By late 2006, the Company plans to complete phase three, which
will consist of the installation of facilities to produce
propylene from ethylene and butane. Propylene capacity will be
around 100,000 tonne/y.


SEMEN GRESIK: Cement Sales Up 12% On Year
-----------------------------------------
Cement sales of PT Semen Gresik in the first nine months surged
12 percent on year to 11.64 million metric tons, Dow Jones
reveals.

The cement maker attributed the improvement mainly to gains in
both local sales and exports. Domestic sales rose 13.3 percent
on year to 10.03 million tons, while exports climbed 4 percent
on year to 1.61 million tons.

A data from Indonesia's cement producers association showed
national cement sales in the first nine months of the current
year rose 9 percent to 22.28 million tons from 20.44 million
tons, previously.

Semen Gresik is 51-percent owned by the state and 26-percent
held by Mexico's Cemex SA de CV.

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/


* Two Singapore Firms Exit Batam Without Paying Workers
-------------------------------------------------------
Two Singaporean companies operating in Batam have left the
island without paying their workers, Asia Pulse says.

PT Singacom and PT Singamip, which ran their business in the
bonded zone of Batam, have abandoned Indonesia for unknown
reasons, leaving a number of workers unpaid.

Ismeth Abdullah, head of the Batam administration, said the two
firms breached the law and asked the workers to lodge their
complaint with the authorities.


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


FUJITSU LIMITED: Introduces Biometrics Authentication Systems
-------------------------------------------------------------
Fujitsu Limited (TSE: 6702) has announced that it has brought to
market the Secure Login Box FMSE-C251, the latest low-cost
biometrics authentication system for PCs, servers and corporate
mission-critical systems.

Priced at JPY548,000 (US$5,074), the high-end model is capable
of controlling fingerprint-based login of up to 2,500 users, or
a maximum number of 10,000 users in a four-system configuration.

Also available is the FMSE-C201, a standard model that can
support the biometrics access of up to 1,000 users, or a
maximum, of 4,000 in a four-system configuration. It costs
JPY292,000 (US$2,704). Both systems provide RAID 1 (mirroring)
to protect the registered fingerprints data from a disk failure.

Shipments are slated for late November. The Company aims to sell
a total of 2,000 units over the next year. Fujitsu is currently
demonstrating the new models at the Security Solution 2004 show
(October 20 - 22, Tokyo Big Sight).

CONTACT:

Fujitsu Limited
1-5-2, Higashi-Shinbashi,
Minato-ku, Tokyo,
105-7123 JAPAN  
Phone: +81-3-6252-2220
Web site: http://www.fujitsu.com/


JAPAN AIRLINES: Operates Special Tokyo-Niigata Flights
------------------------------------------------------
Japan Airlines announced in a press release that it is operating
special flights between Tokyo and the city of Niigata on a
temporary basis while the surface transport links between
Niigata Prefecture and the Tokyo region remain disrupted
following a series of earthquakes on October 23.

Niigata is located on the Sea of Japan, on the north coast of
Honshu, Japan's main island.

From October 25, JAL is scheduling two round trip flights a day
between Tokyo's Haneda Airport and Niigata using 298-seat A300
aircraft.

A special flight was operated on Sunday October 24, carrying
relief supplies including blankets and food donated by JAL to
the Niigata Prefecture Emergency Headquarters.

The JAL Group normally operates four domestic routes out of
Niigata, to Osaka, Sapporo, Fukuoka (via Nagoya) and West
Hiroshima.

JAL will operate the temporary twice-daily Tokyo-Niigata service
until October 31 when the situation will be reviewed.

The main rail link between Niigata and the Tokyo region is the
Joetsu Shinkansen. Sections of the tracks of this super express
line were damaged in the earthquake and the line will remain
closed for some days while safety checks and repairs are carried
out.

CONTACT:

Japan Airlines Corporation
4-11, Higashi-shinagawa 2-chome,
Shinagawa-ku
Tokyo, 140-8605, Japan
Phone: +81-3-5769-6097
Fax: +81-3-5460-5929
Web site: http://www.jal.co.jp


MITSUBISHI FUSO: To Make More Replacement Parts for Rosa
--------------------------------------------------------
Mitsubishi Fuso Truck and Bus Corporation will manufacture more
replacement parts needed for vehicle recall procedures, Asia
Pulse says.

The struggling truck maker plans to boost production of knuckle
arms for the Rosa, a small bus the firm has recalled.

Mitsubishi Fuso is recalling around 58,000 Rosas made between
February 1980 and April 1990 for free replacement of faulty
knuckle arms, a wheel part. The breaking of the part is said to
affect steering.

To date, Mitsubishi Fuso has manufactured its own parts.
However, due to the huge number of recalls, the Company has
faced output capacity shortages and decided to order from
outside local and domestic manufacturers to hasten the Company's
safety programs.

Through outside ordering, the firm has ensured a monthly
production capacity of 6,000 units. It is also mapping up plans
to procure the wheel part from a South Korean supplier.

CONTACT:

Mitsubishi Fuso Truck and Bus Corporation
2-16-4, Kounan,
Minato-ku,Tokyo 108-8285,
Phone: +81-3-6719-4821
Fax: +81-3-6719-0111
Web site: http://www.mitsubishi-fuso.com


MITSUBISHI MOTORS: Unveils Production, Sales and Exports Results
----------------------------------------------------------------
Mitsubishi Motors Corporation (MMC) announced production, sales,
and export results for September 2004 and the six months ended
September 30, 2004. Domestic sales have fallen below last year's
levels, on the back of the past recall problem, while
international production and exports remain relatively stable.

September 2004 results

Global production in September totaled 118,600 units, down 16.7
percent from a year earlier. Domestic production fell 33 percent
on year to 51,439 units, while sales slipped by 48 percent to
20,922 units.

Total offshore production, however, posted an increase of 2.4
percent, to 67,161 units. US production declined to 6,456 units
as sales continue to worsen. Overall, Asian production was up
4.9 percent at 43,878 units for the month. European figures were
partially affected by the long holidays taken in August, and
then by the preparations for the European Colt. This resulted in
a 78.2 percent jump to 12,446 units.

Exports from Japan totaled 33,917 units, down 18.8 percent from
the same month last year. By area, exports to Asia totaled 5,054
units, North America 3,755 units, and Europe 7,623 units.

April to September 2004 results

Total worldwide production for the six months ended September
30, 2004 came to 695,024 units, a drop of 10.8 percent compared
to the same period last year.

Production in Japan declined by 20.8 percent to 283,941 units.
The adverse affect of the recall issue, combined with the
Company's decision to temporarily discontinue advertising were
contributing factors to this decrease.

Overseas production for the period also logged a net decline of
2.3 percent, for a total of 411,083 units built. In terms of
regions, Asian plants had an output of 272,034 units,
representing the same amount as last year for the same period.
European production was up 43.2 percent for the first half, with
53,670 units assembled. North American production, however,
continued to decline, with some 58,725 units built, a 30.1
percent decrease over the previous year.

Domestic sales fell sharply due to the unfortunate events of
April, when the Company announced a number of unreported recalls
had been uncovered. This resulted in sales reaching their its
lowest level since 1970, slipping to 95,876 units, a figure that
marks a 43.7 percent drop over the pervious year. Sales of the
Colt accounted for 39.6 percent of the total passenger car
figure, while the Grandis made up 18.5 percent of vehicles sold.

Sales in North America continue to suffer, with a 43.7 percent
year-on-year drop. This was influenced by the move away from
fleet sales, and also the phasing out of the current model
Eclipse, which is due for replacement next year.

European sales have increased by 7.5 percent overall, boosted by
a 15.8 percent increase in the United Kingdom, as well as by a
72.4 percent leap in the Russian market. The improved figures
mark the second year in a row of continuous sales growth for
this region.

To view the full media release, click on:
http://bankrupt.com/misc/TCRAP_MITSUBISHIMOTORS102604.pdf

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


RESONA HOLDINGS: Expects ATM Placements to Lift Profit
------------------------------------------------------
In line with its goal to boost profit, Resona Holdings
Incorporated has begun setting up automated teller machines
(ATMs) in unconventional places, says The Japan Times.

The banking group, which is currently undergoing rehabilitation,
had already set up three ATMs at Hanshin Race Course in Hyogo
Prefecture and five at an off-track betting center for horse
racing in Tokyo's Korakuen district.

Resona Bank, the group's core unit, had 526 ATMs outside of its
branches in the Kanto and Kansai regions as of last month.

The Resona group, a recipient of a government bailout in July
2003, is under pressure to return JPY3.13 trillion in public
funds.

Resona Holdings tallied a group net loss of JPY1.66 trillion for
the year ended March 31.

CONTACT:

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


RESONA HOLDINGS: Revises First-half Profit Forecast
---------------------------------------------------
Resona Holdings Incorporated is likely to revise its group net
profit in the first half of fiscal 2004 up to JPY200 billion,
Reuters reports, citing the Nihon Keizai business daily.

Resona is set to make the revision as progress in dealing with
non-performing loans has led to better returns from loan loss
reserves, reflecting an improvement in lending activities.

A full year-year net profit of slightly below JPY300 billion
(US$2.81 billion) is expected from to be reported by the bank.

In May, Resona estimated a JPY85 billion group net profit for
the first half and a full-year profit of JPY170 billion for
2004.


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


HYNIX SEMICONDUCTOR: Unveils 3Q FY2004 Earnings Result
------------------------------------------------------   
Hynix Semiconductor Inc. announced in a press release on Monday
the earnings results for its third quarter of 2004, ended
September 30, 2004.

The Company recorded the consolidated revenues of KRW1,598
billion which include the results of overseas subsidiaries with
KRW504 billion of operating profit for the third quarter. The
consolidated net income was KRW514 billion.

The consolidated revenues decreased 6 percent sequentially from
KRW1,698 billion in the previous quarter. The consolidated
operating profit and net income decreased 26 percent and 17
percent from KRW681 billion and KRW619 billion, respectively.

Despite such declines, the Company's operating margin recorded
well above 30 percent, representing its ongoing cost reduction
efforts, expansion of premium product, and smooth progress of
Nand flash memory production.

Meanwhile, during the third quarter, the Company successfully
closed non-memory business sale, signed cooperative agreement
with Wuxi government of China for setup of manufacturing plants
in China, and agreed upon term sheets with ProMOS in Taiwan for
a strategic alliance.

Through such strategic moves, Hynix plans to become a memory-
focused Company based upon technology competitiveness and high
profit margins.

In parent basis, revenues for the third quarter decreased 8
percent to KRW1,542 billion from KRW1,684 billion in the
previous quarter and the operating profit decreased 25 percent
to KRW487 billion  from KRW648 billion. Net income decreased 15
percent to KRW530 billion from KRW625 billion.

CONTACT:

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


SK CORPORATION: Sovereign Asset Plans to Oust Chairman
------------------------------------------------------
Sovereign Asset Management Ltd., which led a failed hostile
takeover of SK Corp., said Monday that it will call out an
extraordinary general meeting to discuss its aim of ousting SK
Chairman Chey Tae-won and improving corporate demand, The Korea
Herald reports.

To decide on the demand of Sovereign Asset Management, SK Group
will hold a board meeting as soon as possible whether to accept
the demand. Other shareholders and legal issues will be taken
into consideration.

In an e-mailed statement, Sovereign said that it would propose
to suspend any person charged with or convicted of a serious
criminal offense from acting as a director.

Mr. Chey was charged of masterminding a $1.3-billion accounting
fraud at SK Global last year.  Last September, he was released
on bail and did not make any public events until May.

"It shows that Sovereign this time has a strong intention to
oust the top management of SK," said Lee Jeong-heon, an analyst
at Dongwon Securities Co.

Mr. Lee said he also believes the decision wasn't made solely by
Sovereign: "I strongly feel that other overseas investors gave
Sovereign a tacit support to do that."

In its takeover attempt last spring, the investment firm founded
by New Zealand brothers Richard and Christopher Chandler claimed
that Chey had failed to deliver shareholder value because of the
fraud, a $3.6 billion bailout of the trading unit and his
decision to prop up ailing affiliates.

However, shareholders elected a slate of outsiders to SK's board
of director. Since then, SK has tried to show that it is
improving corporate governance and transparency in the interest
of increasing shareholder value. But its effort apparently has
not impressed Sovereign.

"Changes to corporate governance at SK Corp. have been purely
cosmetic and outwardly focused; openly intended to generate
public sympathy," James Fitter, chief executive of Sovereign
said in the statement.

Even though SK Corp. is the second largest oil refiner in the
world, it is under valued compared to its industry peers because
of the outstanding issues surrounding governance and leadership
of the Company, Sovereign said.

"We believe shareholders need to ask themselves whether any
individual convicted of a serious criminal offence should be
permitted to direct a public Company, and be entrusted with the
public money," said the statement. It emphasized that ethical
and competent leadership is the single most significant
requirement to real change of the Company.

Last June, Sovereign met with representatives of the Board of SK
Corp. further detailing issues of concern but "responses to most
of the questions were have been at best, evasive" Sovereign said
in a statement.  SK for example, hasn't yet provided an
accounting of what happened to the 4.4 trillion ($3.7 billion)
that was simply "lost" at SK Networks.

SK Corporation is the de facto holding Company of SK Group.

CONTACT:

SK Corporation
99 Seorin-dong, Jongno-gu
Seoul 110-110, South Korea  
Phone: +82-2-2121-5114
Fax: +82-2-2121-7001


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


ACTACORP HOLDINGS: Updates Restructuring Proposal
-------------------------------------------------
Actacorp Holdings Berhad announced that as a result of the
rejection by the Securities Commission (SC) in respect of the
Proposed Restructuring Scheme of the Company (as per SC's
letters dated 3 August 2004 and 4 October 2004), the conditions
precedent as set out in Clause 5.1(b) of the Share Sale
Agreement (SSA) dated 7 April 2004 (SSA) between Kumpulan Jetson
Berhad (KJB), PJS Industries Sdn Bhd (PJSI) and AHB which
include obtaining the approval of the SC has not been fulfilled.

Accordingly, after due deliberation, the aforesaid parties to
the SSA have mutually agreed to rescind the SSA and not to
proceed with the proposed acquisition of PJSD by AHB from KJB
and PJSI.

CONTACT:

Actacorp Holdings Berhad
Jalan 3/76D Desa Pandan
Kuala Lumpur, Selangor 55100
Malaysia
Telephone: +60 3 9282 1388
Telephone: +60 3 9284 7133

This announcement is dated 25 October 2004.

c.c. Securities Commission
Encik Kris Azman Abdullah


ANCOM BERHAD: Releases Shares Buy Back Notice
---------------------------------------------
Ancom Berhad announced the details of its shares buy back on
October 25, 2004.
   
Date of buy back: 25/10/2004

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

Total number of shares purchased (units): 5,500

Minimum price paid for each share purchased (RM): 0.750

Maximum price paid for each share purchased (RM): 0.765

Total consideration paid (RM):  

Number of shares purchased retained in treasury (units): 5,500

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

Cumulative net outstanding treasury shares as at to-date
(units): 5,194,300

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

CONTACT:

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

ANTAH HOLDINGS: Issues Default Status Update
--------------------------------------------
The Board of Directors of Antah Holdings Berhad announced that
there is no further development of the monthly status on default
in payments of various credit facilities to the financial
institutions and non-financial institutions for the period from
26 September 2004 to 25 October 2004.

CONTACT:

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


CSM CORPORATION: Issues Delisting of Securities
-----------------------------------------------
On 4 October 2004, CSM Corporation Berhad announced that the
Securities Commission (SC), via its letter dated 30 September
2004 decided to dismiss the Company's appeal against the SC's
decision to reject its application for approval of its
regularization plans. In the circumstances and in accordance
with Bursa Securities' earlier decision, the securities of CSM
would be de-listed from the Official List of Bursa Securities
with effect from 26 October 2004.

I. Effect of De-listing from the Official List of Bursa
Securities

With respect to the securities of CSM, which are currently
deposited with Bursa Malaysia Depository Sdn Bhd (Bursa
Depository), the securities may remain deposited with Bursa
Depository notwithstanding the de-listing of the securities from
the Official List of Bursa Securities. It is not mandatory for
the securities of a Company, which has been de-listed to be
withdrawn from Bursa Depository.

Alternatively, shareholders of CSM who intend to hold their
securities in the form of physical certificates, can withdraw
these securities from their Central Depository System accounts
maintained with Bursa Depository at anytime after the securities
of CSM have been de-listed from the Official List of Bursa
Securities. This can be effected by the shareholders submitting
an application form for withdrawal in accordance with the
procedures prescribed by Bursa Depository. These shareholders
can contact any Participating Organization of Bursa Securities
and / or Bursa Depository's helpline at 03 - 2034 7711 for
further information on the withdrawal procedures.

Upon the de-listing of CSM, it will continue to exist but as an
unlisted entity. CSM is still able to continue its operations
and business and proceed with its corporate restructuring and
its shareholders can still be rewarded by the companies'
performance. However, the shareholders of CSM will be holding
shares, which are no longer quoted and traded on Bursa
Securities.

In this respect, the SC had on 18 June 2003 made an announcement
stating that a de-listed Company may seek re-listing on Bursa
Securities if it can demonstrate that it is financially strong
and has identified the causes that led to its past distressed
financial state and it complies with the SC's re-listing
conditions.

CONTACT:

CSM Corporation
Suite 8.2, 8th Floor
Menara CSM, Jalan Semangat
46100 Petaling Jaya
Telephone: 03-7958888
Fax: 03-7953707
Website: www.csm.com.my

This announcement is dated 25th day of October 2004.


FABER GROUP: Granted Listing of 33,000 New Ordinary Shares
----------------------------------------------------------
Faber Group Berhad's additional 33,000 new ordinary shares of
RM1.00 each issued pursuant to the conversion of RM66,000
nominal value of 2000/2005 irredeemable convertible unsecured
loan stocks into 33,000 new ordinary shares will be granted
listing and quotation with effect from 9:00 a.m., Thursday, 28
October 2004.

CONTACT:

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


GOLDEN FRONTIER: Releases Shares Buy Back Notice
------------------------------------------------
Golden Frontier disclosed to the Bursa Malaysia Securities
Berhad the details of its shares buy back on October 25, 2004.
   
Date of buy back: 25/10/2004

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

Total number of shares purchased (units): 14,500

Minimum price paid for each share purchased (RM): 0.675

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

Total consideration paid (RM): 10,064.44

Number of shares purchased retained in treasury (units): 14,500

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

Cumulative net outstanding treasury shares as at to-date
(units): 1,151,000

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

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

This announcement is dated 25 October 2004.


INTAN UTILITIES: SC OKs Proposals
---------------------------------
Intan Utilities Berhad has obtained the approval of the
Securities Commission for an extension of time of two (2) months
from 31 October 2004 to 31 December 2004 for the Company to
complete the implementation of the Proposals.

Collectively known as the "Proposals"

(1) Divestment of 630,000 ordinary shares of RM1.00 each
(Shares) and 6,000,000 6% cumulative redeemable preference
shares of RM1.00 each in Metropolitan Utilities Corporation Sdn
Bhd (MUC), representing 30% of the issued and paid-up share
capital of MUC, to Compagnie Generale des Eaux SA for a total
cash consideration of RM36,000,000 (Divestment I);

(2) Bonus issue of 42,834,402 new Shares on the basis of four
(4) new Shares for every five (5) existing Shares held in the
Company (Bonus Issue);

(3) Non-renounceable restricted offer for sale by Veolia Water
Asia Pte Ltd of 16,062,000 Shares in Intan (ROS Shares),
representing 30% of the issued and paid-up share capital of
Intan, at an offer price of RM2.25 per ROS Share (ROS);

(4) Divestment of 1,470,000 Shares and 14,000,000 6% cumulative
redeemable preference shares of RM1.00 each in MUC, representing
70% of the issued and paid-up share capital of MUC, to Jauhari
Harapan Sdn Bhd (JHSB) for a total cash consideration of
RM84,000,000 (Divestment II);

(5) Subscription of 24,231,000 new Shares in JHSB, representing
approximately 46.19% of the enlarged issued and paid-up share
capital of JHSB, for a total cash consideration of RM31,500,000
(Reinvestment); and

(6) Subscription of 99,998 new Shares and 90,000,000 redeemable
preference shares of RM0.01 each in Premier Merchandise Sdn Bhd
(Premier), collectively representing approximately the entire
enlarged issued and paid-up share capital of Premier, for a cash
consideration of RM99,998 and RM90,000,000 respectively
(Subscriptions).

CONTACT:

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

This announcement is dated 25 October 2004.


KUMPULAN BELTON: Discloses Status of Default
--------------------------------------------
The Board of Directors of Kumpulan Belton Berhad announced the
following updates on the status of the Company's default in
payment and involvement in litigation for the period from
September 28, 2004 to the date of this announcement.

For more information, go to
http://bankrupt.com/misc/tcrap_kumpulan102604.doc

CONTACT:

Kumpulan Belton Berhad
Lot 10 Sungai Siput Light Indus'l Estate
31100 Sungai Siput, Perak Darul Ridzuan 48000
MALAYSIA
+60 3 6257 2233
+60 3 6257 8989

This announcement is dated 20 October 2004.


LEE SWEE: Completes Share Sale Agreement
----------------------------------------
On behalf of the Board of Directors of Lee Swee Kiat Group
Berhad (LSKG), Southern Investment Bank Berhad announced that
the Share Sale Agreement dated 29 March 2003 between Long Huat
Group Berhad, Lee Swee Kiat Holdings Sdn Bhd (LSKH) and vendors
of LSKH has been completed.

Pursuant to the above, the Restructuring Scheme, which comprises
the Capital Reconstruction, Shareholders' Scheme, Debt
Settlement, Acquisition, Exemption, Disposal, Placement and
Listing Status Transfer, is deemed completed.

This announcement is dated 25 October 2004.


MEDAS CORPORATION: Shareholders OK Restructuring Scheme
-------------------------------------------------------
The shareholders of Medas Corporation Berhad at the Court
Convened Meeting have approved the proposed restructuring scheme
of the Company. The High Court of Malaya had on 25 October 2004
granted an order, which sanctioned the Proposed Restructuring
Scheme.

CONTACT:

Medas Corporation Berhad
Esprit Management Services Sdn Bhd
3rd Floor, No. 17
Jalan Ipoh Kecil
50350 Kuala Lumur
Tel: 03-4044 3235
Fax: 03-4041 3959

This announcement is dated 25 October 2004.


NAUTICALINK BERHAD: Notice of Book Closure Period Shortened
-----------------------------------------------------------
Nauticalink Berhad (NB) announced that Bursa Malaysia Securities
Berhad has approved its application to shorten the period of
notice of book closure for the Proposed Share Exchange from not
less than twelve (12) clear market days as stipulated in
paragraph 9.19(1) of the Listing Requirements of Bursa
Securities to three (3) clear market days.

CONTACT:

Nauticalink Berhad
8th Flr, Tower Block
Plaza Pekeliling
2, Jln Tun Razak
50400 Kuala Lumpur
Phone: 03-40431005
Fax: 03-40431058

This announcement is dated 25 October 2004.


POLY GLASS: Returns to Profit in First Half
-------------------------------------------
Poly Glass Fibre (M) Bhd posted a pretax profit of RM1.062
million for the half-year ended August 31, 2004, versus a pretax
loss of RM995,000 in the same period last year, reports the
Utusan Malaysia Online.

The profit was achieved over an increased turnover of RM18.097
million compared with RM14.666 million previously. Basic
earnings per share were at 0.36 sen from a loss per share of
0.59 sen in the corresponding period of 2003.

CONTACT:

Poly Glass Fibre (M) Berhad
Suite 12-A, Level 12
Menara Northam
No. 55, Jalan Sultan Ahmad Shah
10050 Penang.
Phone: 04-228 0511
Fax: 04-228 0518


PSC INDUSTRIES: Notes Closed Period Dealings By Chairman
--------------------------------------------------------
PSC Industries Berhad had received notifications from Business
Focus Sdn Bhd, a substantial shareholder of the Company, and Tan
Sri Dato' Amin Shah Bin Haji Omar Shah, the Executive Chairman
of the Company of their intention to deal in the securities of
PSCI during the closed period.

The shareholding of Business Focus Sdn Bhd in PSCI are as
follow:

Direct: 45,322,232
Indirect (via Business Focus Property Sdn Bhd): 1,131,000

Tan Sri Dato' Amin Shah Bin Haji Omar Shah's direct and indirect
shareholding in PSCI are as follows:

Direct: 5,095,400

Indirect (via Business Focus Sdn Bhd, Business Focus Property
Sdn Bhd, Pilot Lead Investments Limited, Modalshah (M) Sdn Bhd,
Ishkandar Shah Bin Tan Sri Dato' Amin Shah, Faridah Binti Haji
Omar Shah and Faizah Binti Haji Omar Shah): 47,824,232

CONTACT:

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


REKAPACIFIC BERHAD: Unit Faces Winding Up Proceedings
-----------------------------------------------------
AmBank Berhad (the Petitioner) has filed a winding up petition
against RekaPacific Berhad and its subsidiary RekaPacific
Builders Sdn Bhd on September 28, 2004. RekaPacific Builders is
a 68-percent owned subsidiary of RekaPacific Berhad.

The Petition relates to a judgment sum of RM1,972,445 obtained
by the Petitioner against RekaPacific Builders in respect of an
Overdraft Facility.

The Petition also relates to a judgment sum of RM1,000,000
obtained by the Petitioner against RekaPacific Berhad. The
Company had stood as Corporate Guarantor for RekaPacific
Builders in respect of the afore-mentioned Overdraft Facility.

As the Group has been largely dormant, the above winding-up
proceedings will not have significant impact on the Group's
operations. However, the said petitions will greatly hinder the
Company's proposed restructuring plans.

The outstanding sums have been provided for in the Group's
accounts and financial statements.

The Board is consulting its advisors as to the appropriate
action to adopt in respect of the above Petitions.

Both petitions are scheduled for hearing on 20 January 2005.

CONTACT:

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


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


COLLEGE ASSURANCE: Fil-Estate Swaps Land For Php496-Mln Shares
--------------------------------------------------------------
Fil-Estate Properties, Inc. (FEPI), a wholly owned subsidiary of
Fil-Estate Land Inc., has subscribed to 126,397 common shares
and 4,836,963 preferred shares of College Assurance Plan
Philippines, Inc. (CAP) both of which have a par value of
Php100.00 per shares or a total subscription price of
496,335,950.00. The said subscription shall be paid by way of
assignment to CAP of various properties of FEPI in Cavite. In a
disclosure to the Philippine Stock Exchange, all development
rights on the properties contributed by FEPI to CAP shall be
retained by FEPI.

CONTACT:

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


MUSIC SEMICONDUCTORS: Appoints New Directors
--------------------------------------------
At the special meeting of the Board of Directors of Music
Semiconductors Philippines Inc. (MSPI), a wholly owned
subsidiary of Music Semiconductors Corporation (MUSX) held on 25
October 2004, Messrs Patric L. Go and Marie Therese G. Santos
were elected Directors of MSPI. Mr. Donn P. T. Lee was also
elected as MSPI's Corporate Secretary.

Very truly yours,
Jimmy S. Soo
Music Semiconductors Corporation
Chairman

CONTACT:

Music Semiconductors Corporation
110 Excellence Ave. corner Accuracy Drive
Special Export Processing Zone 1
Carmelray Industrial Park
Canlubang, Laguna
Tel. No:  (049) 549-1480
Fax No:  (049) 549-1024
E-mail Address:  jos@music-mt.com
Web site:  http://www.music-corp.com
Auditor:  Diaz Murillo Dalupan
Transfer Agent:  Stock Transfer Service, Inc.


NEGROS NAVIGATION: MetroPac Clarifies Php127-Mln Funding Report
---------------------------------------------------------------
Metro Pacific Corporation clarified various news articles that
have been recently printed referring to an alleged need by
Negros Navigation Company (Nenaco) for an additional Php127
million in funding.

Those articles are incorrect, especially as Metro Pacific has
already begun providing such funding to Nenaco. As of last week,
Metro Pacific had already provided Php63.5 million to Nenaco and
is on schedule to provide a second tranche of an additional Php
63.5 nillion to Nenaco in November. Metro Pacific is providing
these funds as an inter-Company advance, to be repaid under
commercial terms and in line with Nenaco's rehabilitation
program.

The source of these funds results from the sales of Metro
Pacific shares of stock during recent weeks. As has been
disclosed extensively, approximately five percent (5%) of the
total issued common share capital of Metro Pacific was sold into
the open market in order to provide Metro Pacific with capital
to fund various corporate requirements. Among these included a
commitment to provide a further Php127 million to Nenaco in
addition to an earlier loan already disbursed for Php124
million.

Sincerely,
David Nugent
Vice President
Metro Pacific Corporation

For more information, go to
http://bankrupt.com/misc/tcrap_mpc102604.pdf

CONTACT:

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


PHILIPPINE LONG: Notes Additional Listing of Shares
---------------------------------------------------
The Philippine Stock Exchange approved on June 14, 2000, the
application submitted by Philippine Long Distance Telephone
Company to list additional 1,289,745 common shares, with a par
value of P5.00 per share, to cover the Executive Stock Option
Plan (ESOP) of the Company, at an exercise price of P814.00 per
share.

In this connection, please be advised that a total of 1,206
common shares have been availed of and fully paid by the
optionees under the Company's ESOP.

In view thereof, the listing of the 1,206 common shares is set
for Tuesday, October 26, 2004. This brings the number of common
shares listed under the ESOP to a total of 301,175 common
shares.

The designated stock transfer agent is hereby authorized to
record and register in its books the above number of shares.

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

CONTACT:

Philippine Long Distance Telephone Co.
Ramon Cojuangco Building
Makati Avenue, Makati City
Telephone Numbers:  814-3552; 888-0188
Fax Number:  813-2292
Web site: http://www.pldt.com.ph


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


ALTO INVESTMENT: Issues Dividend Notice
---------------------------------------
Alto Investment Pte Ltd posted its dividend notice at the
Singapore Government Gazette on October 22, 2004.

Address of Registered Office: 336 Smith Street
#06-308 New Bridge Centre
Singapore 050336

Matter: Companies Winding Up

Court: Order of Court No. 284 of 1998

Amount per centum: 100%

First and final or otherwise: Final

When payable: 22 October 2004

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

Goh Ngiap Suan
Liquidator


LIANG HUAT: Unit Faces Winding Up
---------------------------------
The Board of Directors of Liang Huat Aluminium Limited, Reg. No.
198203779D announced that the Company's wholly owned subsidiary,
Lian Huat Metal Pte Ltd, Reg. No. 00002/1989-M, was wound up by
Order of the High Court of the Republic of Singapore under the
Provisions of the Companies Act, Chapter 50 on 15 October 2004
and that the Official Receiver was appointed Liquidator of the
Subsidiary.

The subsidiary was engaged in the business of trading in and
distribution of aluminum extrusions and other metal products.

The Company did not contest the winding-up petition as this is
not one of the Company's core businesses and the Company is
evaluating the impact of the winding up proceeding on the
consolidated net tangible assets and earnings per share of the
Company for the current financial year.

Lian Huat Metal Pte Ltd is the holding Company of another Group
subsidiary, Worldmet Asia Pacific Pte Ltd, Reg. No. 199505330E.

Submitted by:
Tan Yong Kee
Group Managing Director


NDK ELECTRONICS: Creditors To Submit Claims by November 22
----------------------------------------------------------
Notice is hereby given that the creditors of NDK Electronics
Singapore 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 liquidator of the said Company.

If so required by notice in writing by the said liquidator, 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.

Lee Kay Beng
Liquidator
c/o 16 Raffles Quay
#22-00 Hong Leong Building
Singapore 048581

This Singapore Government Gazette notice is dated October 22,
2004.


P&O OFFSHORE: Final Meeting Set November 24
-------------------------------------------
Notice is hereby given pursuant to Section 308 of the Companies
Act, Cap. 50 that a Final Meeting of P&O Offshore Services Pte
Ltd will be held at 1 Scotts Road #21-07/08/09, Shaw Centre,
Singapore 228208 on the 24th of November 2004 at 10:00 a.m. for
the purposes as stated in Section 308 of the Companies Act,
Cap. 50.

Madam Chia Lay Beng
Madam Goh Wei Ling
Liquidators

Note: A member entitled to attend and vote at the General
Meeting is entitled to appoint a Proxy to attend and vote on his
behalf and such Proxy need not be a member of the Company. The
Form of Proxy must be deposited at the Liquidators' Office not
less than 48 hours before the time appointed for holding the
Meeting or adjourned Meeting.

This Singapore Government Gazette notice is dated October 22,
2004.


RAINBIRDS FIRE: Posts Final Dividend Notice
-------------------------------------------
Rainbirds Fire Systems Pte Ltd, in compulsory liquidation,
posted its Final Dividend notice at the Singapore Government
Gazette on October 22, 2004.

Address of Registered Office: c/o Arthur Andersen
10 Hoe Chiang Road #18-00 Keppel Towers Singapore 089315

Court: High Court of Singapore

Number of Matter: Winding Up No. 401 of 1998

Amount per centum: 100.00% for preferential creditors under
section 328 (1) (e) and 4.43% for preferential creditors under
section 328 (1) (g)

First and final or otherwise: First and Final return to
preferential creditors.

When Payable: 22 October 2004

Where Payable: c/o Tay Swee Sze & Associates
30 Robinson Road #04-01 Robinson Towers Singapore 048546

Dated this 22nd day of October 2004.

Tay Swee Sze
Liquidator


SOON HUA: Creditors Must Prove Debts by November 22
---------------------------------------------------
Notice is hereby given that the creditors of Soon Hua
Investments Pte Ltd, which is being wound up voluntarily, are
required on or before 22nd November 2004 to send in their names
and addresses and the particulars of their debts or claims and
the names and addresses of their solicitors (if any) to the
undersigned liquidators at c/o 6 Battery Road #33-02, Singapore
049909.

If so required by the liquidators, they are to come in and prove
their debts or claims as shall be specified. In default, will be
excluded from the benefit of any distribution made before such
debts are proved.

Nicky Tan Ng Kuang
Martin Michael John
Dan Yock Hian
Liquidators

This Singapore Government Gazette is dated October 22, 2004.


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


ADVANCE PAINT: Unveils Resolution of Shareholders Meeting
---------------------------------------------------------
Advance Paint & Chemical (Thailand) Public Company Limited
notified the Stock Exchange of Thailand (SET) the resolutions of
its Extraordinary Shareholders' Meeting No.1/2004 held on
Wednesday, September 15, 2004 as follows: (to rectify the figure
of the decrease of the registered capital in Agenda 2.2)

(1) Adoption of the Minutes of Ordinary General Meeting of
Shareholders No.1/2004.

(2) Approve the decrease of the registered capital by reducing
the par value of the shares and transfer of reserve in order to
compensate both the discount on common shares and accumulated
loss of the Company as follows:

(2.1) Approve the transfer of Legal reserve of THB1,371,209 to
compensate the accumulated loss of the Company.

(2.2) Approve the decrease of the registered capital from
THB4,189,800,250 to THB418,980,025, by reducing the par value of
the shares from THB10 per share to THB1 per share, which have
decreased its paid-up capital from THB2,224,531,750 to
THB222,453,175 in order to compensate the discount on common
shares totaling THB1,970,758,350  and the accumulated loss of
the Company totaling THB31,320,225.

(3) Approve the change of the par value of the shares from THB10
per share to THB1 per share as referred to in Agenda 2.2.

(4) Approve the amendment to Article 4 of the Company's
Memorandum of Association in order to be consistent with the
capital decrease as referred to in Agenda 2.2 and the change of
the par value as referred to in Agenda 3.

Please be informed accordingly.
Yours Sincerely,
(Mr.Pricha Punnakitikashem)
Chairman

CONTACT:

Advance Paint & Chemical (Thailand) Pcl   
344 Moo 2, Bang Pa-In Industrial Estate,
Bang Pa-In Ayutthya    
Telephone: 0-3522-1140, 0-2541-5374-8   
Fax: 0-3526-1871   


MANAGER MEDIA: Wishes to Conclude Rehab Plan Procedure
------------------------------------------------------
Manager Media Group Public Co., Ltd., informed the Stock
Exchange of Thailand (SET) of its wish to conclude the procedure
of Rehabilitation plan continuous to the SET's report dated 29
March 2004 up to the present.  

The Company has informed the movement to the Stock Exchange of
Thailand periodically as follows:    

28 April 2004- Informed Auditors naming list and submitted the
Financial Statement regularly.

29 April 2004- modified the rules of relevancy and devalued the
same share:

"Value shares at par value THB10.00 To par value at THB1.00.

8 June 2004- the court decreed to sustain with the correction of
Rehabilitation Plan.

25 August 2004- the court permitted to expand the time period
for the creditor to start transforming the debenture to ordinary
share.    

25 August 2004- reported the share sale and increment at the
second time totaling 166 shares.

Furthermore, the Company would like to advise the SET on:

- The planned expansion of the implementation period and correct
the memorandum of association with the following details:

(1) The Company has submitted the complaint to expand the
implementation of the Rehabilitation plan for one more year
effective from the due date of implementation as planned on 3
August 2004;

- To extend the period due on 3 August 2005 with the permission
from the court on 9 September 2004.

(2) The Company has submitted the complaint to correct the
memorandum of association in order to proceed the increment of
registration share to certify CD and issuing Warrant at the
first and second times to the Ministry of Commerce with the
permission from the court on 8 October 2004.

Presently, the Company is in the process of implementation of
increment registration to the Ministry of Commerce.

Please be informed accordingly

Yours faithfully,
Ms. Saowaluck Teeranujunyong
Plan Administrator

CONTACT:

Manager Media Group Public Company Limited   
102/1 Phra Athit Road,
Chanasongkhram, Phra Nakhon, Bangkok    
Telephone: 0-2629-4488   
Fax: 0-2629-4469   
Web site: www.manager.co.th
  

NATURAL PARK: Unveils Procedure, Period of Capital Reduction
------------------------------------------------------------
Natural Park Public Company Limited disclosed to the Stock
Exchange of Thailand the procedure and period of its capital
reduction.

The tables below show the period for capital reduction by
reducing the par value of the Company.

(1) The reduction of par value from THB10 per share to THB4
per share.

       Procedure                    Time           Period

(1) Board of Directors Meeting: 22 October 2004

(2) Closing the Share Register for exercising the right to
attend the Extraordinary General Meeting of Shareholders: 15
November 2004

(3) Extraordinary General Meeting of Shareholders: 3 December
2004

(4) Resolution of the Capital Reduction (within 14 days from the
shareholders meeting): 3 to 16 December 2004

(5) Notification to creditors and advertise the Resolution of
the Capital Reduction in the newspaper (within 14 days from the
shareholders meeting) 3 to 16 December 2004.

(6) Period for the creditors to object the reduction of the par
value (2 months from the date that the Company has received the
notification).  Approximately 4 December 2004 to 4 February
2005.

(7) The Registration of Capital Reduction (14 days from the date
that no objection from creditors) 5 to 18 February 2005.

(2) The reduction of par value from THB4 per share to THB1 per
share.

Procedure       Time Period

(1) Board of Directors Meeting      25 March 2005

(2) Closing the Share Register for exercising the right to
attend the Ordinary General Meeting of Shareholders 11 April
2005.

(3) Ordinary General Meeting of Shareholders 29 April 2005.

(4) Resolution of the Capital Reduction (within 14 days from the
shareholders meeting) 29 April to 12 May 2005.

(5) Notification to creditors and advertise the Resolution of
the Capital Reduction in the newspaper (within 14 days from the
shareholders meeting) 29 April to 12 May 2005.

(6) Period for the creditors to object the reduction of the par
value (2 months from the date that the Company has received the
notification) (Approximately 3 May to 3 July 2005)

(7) The Registration of Capital Reduction (14 days from the date
that no objection from creditors) 4 July to 15 July 2005.

CONTACT:

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


THAI PETROCHEMICAL: Extends Financial Aid to Affiliates
-------------------------------------------------------
Thai Petrochemical Industry Pcl (TPI) advised the Stock Exchange
of Thailand that it extended financial assistance to its
connected companies on October 12 as per the following details:

(1) Name of Borrowers
   
(a) Plastic Transports Co., Ltd.
(b) Kemjira Transport Co., Ltd.

(2) Amount of Loan
                   
(a) Plastic Transports Co., Ltd THB1,000,000
(b) Kemjira Transport Co., Ltd. THB1,030,000

(3) Terms and Condition

Short-term borrowing to finance the expenditure relating to the
transportation of plastic and refinery products of TPI.   

Repayment will be made by set-off against the services rendered
to TPI by the end of 2004.

(4) Relationship

The Board of Directors of Plastic Transports Co., Ltd. and
Kemjira Transport Co., Ltd. consist of the executives of TPI who
hold 28.6 percent of the stocks issued by both companies.

As of June 30, 2004 total loan TPI extended to its connected
companies was amounted to THB2,030,000 which was less than 3
percent of its net tangible assets.  After all, the loan is
deemed to be connected transaction according to the Notification
of the Board of Governors of the Stock Exchange of Thailand, Re:  

Disclosure of information and Other Acts of Listed Companies
Concerning the Connected Transactions 2003.

Your acknowledgement of the above matter will be highly
appreciated.

Yours sincerely,
(Suwit Nivartong)
for Plan Administrator,
Thai Petrochemical Industry Pcl

CONTACT:

Thai Petrochemical Industry Pcl   
Tpi Tower,Floor 8, 26/56
New Jun Road, Thungmahamek, Sathon Bangkok    
Telephone: 0-2678-5000, 0-2678-5100   
Fax: 0-2678-5001-5   
Web site: www.tpigroup.co.th




                            *********


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
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contained herein is obtained from sources believed to be
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