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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

             Friday, October 29, 2004, Vol. 7, No. 215

                            Headlines

A U S T R A L I A

ALL POINTS: Voluntarily Winds Up
BO LONG: 17 1/2 Years' Jail for Operators of Investment Scheme
DAY SUN: Court Appoints Gavin Thomas as Liquidator
D&D VENTURES: Joint and Several Liquidators Appointed
FORMIDA HOLDINGS: To Hold Final Meeting November 5

GLENCAMPBELL PROPERTIES: Members Resolve to Voluntarily Wind Up
GRIBBLES GROUP: Shareholder Nominates Two Directors for Board
HERRON TODD: Winds Up Voluntarily
JAMES HARDIE: Says Compensation Agreement Near
JAMOSS PTY: EGM Resolves Voluntary Winding Up

JETSCOLOR PTY: Court Issues Winding Up Order
KALACHE'S INVESTMENTS: Receivers and Managers Appointed
MITSUBISHI AUSTRALIA: Seeks Options to End Crisis
NASAMATTA PTY: Creditor Appoints Receivers
NATIONAL AUSTRALIA: Discloses Changes in Senior Leadership Team

NEVILLE HAY: To Undergo Winding Up Process
ORMO PTY: Winds Up Voluntarily
PERFUME ROOM: Appoints A.H.J. Wily as Liquidator
POSTNOTE PTY: Joint Meeting Slated for November 9
R WYNHOVEN: Mortgage Broker Pleads Guilty to Contempt of Court

SACRED GARDEN: Enters Winding Up Proceedings
VILLAGE ROADSHOW: Denies Participation in Austereo Buyback


C H I N A  &  H O N G  K O N G

BANK of CHINA: Teams Up with Merchants Bank
BRILLIANT HK: Creditors to Prove Debts by November 30
CAREER SERVICES: Annual Meeting Scheduled November 23
PHOENIX FINANCE: Sets Members, Creditors Meeting November 15
* Big Four Banks Accumulate CNY94.5 Bln in NPLs


I N D O N E S I A

BUMI RESOURCES: To Produce 45 Mln Tons of Coal in 2005


J A P A N

JAPAN AIRLINES: Expands Special Flights After Earthquake
JAPAN AIRLINES: Mulls Domestic Fare Hike
MITSUBISHI FUSO: Recall-Related Costs May Hit JPY64 Bln
MITSUBISHI FUSO: Completes Recall Filing of 47 Items
MITSUBISHI HEAVY: Receives Large LNG Tank Order from Qatar

MITSUBISHI MOTORS: Sells Nagoya Oye Plant to Mitsubishi Heavy
TAKAHAMA KANKO: Enters Bankruptcy
UFJ HOLDINGS: Sumitomo Trust Seeks Order to Halt Merger Talks


K O R E A

THRUNET: Dacom Keen on Take Over
SSANGYONG MOTOR: SAIC To Pay KRW591Bln for a 49% Stake


M A L A Y S I A

ANCOM BERHAD: Unveils Shares Buy-Back Mandate Renewal
CONSOLIDATED FARMS: Resumes Trading of Shares
FABER GROUP: Granted Listing of 535,000 New Ordinary Shares
GENERAL SOIL: Court Sanctions Restructuring Scheme
I-BERHAD: Issues Shares Buy Back Notice

JIN LIN: Granted Extension of Restraining Order
K.P. KENINGAU: Releases Production Figures For September
K.P. KENINGAU: Discloses Default Status Update
K.P. KENINGAU: Financial Condition Unchanged
LITYAN HOLDINGS: Notes Closed Period Dealings By Director

MWE HOLDINGS: Unveils Close Period Trading
PAN MALAYSIA: MUI Continental Buys 50,000 Shares
PROMTO BERHAD: Creditors Meeting Set on November 22
SURIA CAPITAL: Issues Practice Note 10/2001 Update
WOO HING: Completes Settlement Agreement


P H I L I P P I N E S

BASIC CONSOLIDATED: Elects New Executive Director
MANILA ELECTRIC: Finances Still Strained Despite Net Rise
NATIONAL BANK: Nets Php102M in 3rd Quarter
NATIONAL POWER: Starts Small Power Utilities Privatization
PHILIPPINE REALTY: Clarifies Turnaround Plan Report


S I N G A P O R E

DARUL MAL: Posts Intended Dividend Notice
DIGILAND INTERNATIONAL: Names New Officials
DIGILAND INTERNATIONAL: Appoints New Chief Financial Officer
EXCELCO CONSTRUCTION: Members, Creditors Meeting Set November 12
FLEXUS ENTERPRISE: Sets Creditors Meeting on November 22

MARATZ SINGAPORE: Issues Intended Dividend Notice
MEDIASTREAM LIMITED: OCBC Issues, Serves Writ of Summon
PANPAC MEDIA: Notes Change in Shareholder's Interest
PANPAC MEDIA: Shareholder's Interest Changes
PANPAC MEDIA: Posts Change In Shareholder's Interest

SUNTAX INDUSTRIES: Releases Dividend Notice


T H A I L A N D

DATAMAT PUBLIC: Unveils Outcome of BOD Meeting
INTER FAR: Reports Progress of Rehab Plan
THAI HEAT: SET Allows Trading of Securities
* Large Companies With Insolvent Balance Sheets

     -  -  -  -  -  -  -  -

=================
A U S T R A L I A
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ALL POINTS: Voluntarily Winds Up
--------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of All Points Security & Protective Services Pty
Limited (In Liquidation) held on 15 September 2004, it was
resolved that the Company be wound up voluntarily and at a
meeting of creditors held on the same day it was resolved that
for such purpose, Morgan Chubb of Clout & Associates, Chartered
Accountants, Level 1, 144-148 West High Street Coffs Harbour NSW
2450 be appointed Liquidator.

Dated this 15th day of September 2004

M.J. Chubb
Liquidator
Clout & Associates
Chartered Accountants
Telephone: (02) 6652 3288,
Facsimile: (02) 6651 9393


BO LONG: 17 1/2 Years' Jail for Operators of Investment Scheme
--------------------------------------------------------------
The Acting Chairman of the Australian Securities and Investments
Commission (ASIC), Mr. Jeremy Cooper, noted the 17-and-a-half-
year combined jail sentence for the operators of a Brisbane-
based investment scheme.

Ms. Donna Tung Sing Ho was sentenced to nine years' jail, with a
non-parole period of three years, after pleading guilty to nine
charges of dishonestly using over $1.5 million of investors'
money between August 1997 and April 1999.

Mr. Mark Andrew Sweeney was sentenced to eight-and-a-half years'
jail with no recommendation for parole after being found guilty
on 10 charges of dishonestly obtaining over $ 2.5 million of
investors' money between July 1997 and March 1999.

The prosecution of Ms. Ho and Mr. Sweeney followed an ASIC
investigation into the Bo Long Group of Companies (Bo Long). The
investigation revealed that between August 1997 and January 2001
approximately $6.7 million of investor funds were paid to Bo
Long on the pretext of investing in various projects in mainland
China.

The investors, many of whom were from the Tweed Rivers area in
Queensland, were advised the money would be used to assist with
various infrastructure projects in China, such as the supply of
gas meters or electronic police monitoring devices. In fact,
none of the funds were used for these purposes and $1.5 million
of these funds were used by Ms Ho and her family for personal
expenses and to purchase real estate and prestige motor
vehicles.

In April 2003, following an application by ASIC, the Supreme
Court of Queensland made orders appointing liquidators to the
property of:

Bo Long International Development Company Pty Ltd;
Bo Long Support Group Australia Limited;
Bo Long International Electronic Police System Company Pty Ltd
(now known as Bo Long International Charity Pty Ltd);
China Travel (Australia) Pty Ltd; and
Bo Long International Investment Group Pty Ltd.
The Bo Long group did not have a managed investment scheme
registered in Australia and the offer documentation, which was
provided to investors, had not been lodged with ASIC.

'This sentence sends a very strong message that ASIC and the
courts will not tolerate people who abuse investors' trust and
dishonestly use investor funds', said Mr Cooper.

'Any investor seeking to invest in this type of scheme should
always check that the scheme has been registered, that it is
being offered by persons who are licensed to offer such
investments or that there is a prospectus which has been lodged
with ASIC. These checks can be made by searching ASIC's public
databases and if investors are unsure they should seek advice
from a licensed adviser', Mr Cooper said.

The matter was prosecuted by the Commonwealth Director of Public
Prosecutions.


DAY SUN: Court Appoints Gavin Thomas as Liquidator
--------------------------------------------------
On the 14th of September 2004, the Supreme Court of New South
Wales made Orders that Day Sun Developments Pty Limited (In
Liquidation) be wound up and appointed the undersigned as
Official Liquidator of the Company.

Gavin Thomas
Gavin Thomas & Partners
Level 9, 31 Market Street, Sydney NSW 2000


D&D VENTURES: Joint and Several Liquidators Appointed
-----------------------------------------------------
On the 9th day of September 2004, the Creditors of D&D Ventures
Pty Limited (Administrators Appointed) resolved that the Company
be wound up under Section 439C(c) of the Corporations Act.

Accordingly, pursuant to Section 446A(4) Antony de Vries and
Riad Tayeh become the Joint and Several Liquidators for the
purpose of the winding up.

Dated this 17th day of September 2004

Riad Tayeh
Joint Liquidator
de Vries Tayeh
Level 3, 95 Macquarie Street,
Parramatta NSW 2150


FORMIDA HOLDINGS: To Hold Final Meeting November 5
--------------------------------------------------
Notice is given that a final meeting of members and creditors of
Formida Holdings Limited (in liquidation) will be held at the
offices of Ernst & Young Level 20, 321 Kent Street, Sydney NSW
2000 on 5 November at 11:00 a.m.

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

Dated this 15th day of September 2004

Kenneth John Rennie
Liquidator
Formida Holdings Limited (in liquidation)
Ernst & Young
Level 20, 321 Kent Street,
Sydney NSW 2000.
Telephone: (02) 9248 5971


GLENCAMPBELL PROPERTIES: Members Resolve to Voluntarily Wind Up
---------------------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Glencampbell Properties Pty Limited (In Liquidation) held on
17 September 2004, it was resolved that the Company be wound up
voluntarily and that, Mr. Bruce Robert Barton, Chartered
Accountant, of McLean Charge Partners, 30 Grose Street, North
Parramatta be nominated to act as Liquidator for the purpose of
the winding up.

Dated this 20th day of September 2004

Bruce Robert Barton
Liquidator
c/- McLean Charge Partners
Chartered Accountants
30 Grose Street,
North Parramatta NSW 2151


GRIBBLES GROUP: Shareholder Nominates Two Directors for Board
-------------------------------------------------------------
EC Medical Investments, Gribbles Group's controlling
shareholder, has nominated two directors for the board in what
is understood to be a final attempt to protect the interests of
Gribble's deposed founder and managing director Wallace Cameron,
says The Age.

The foreign investment firm, which holds 43 percent of the
ailing pathology provider and is controlled by Mr. Cameron,
nominated chartered accountant and business consultant Adam
Cowell and PKF partner Andrew Home for boardroom roles at
Gribble's annual meeting to be held on November 29.

The move came at about the same time Healthscope planned a
takeover bid of AU$415 million.

Mr. Cameron, the only Gribbles director who refused to back the
bid, believed Healthscope was capable of paying a higher price
for the pathology firm.

Meanwhile, Mr. Cowell recently spoke with Mr. Cameron after
being informed by bankers for EC Medical Investment about
standing for the board.

"They wanted an independent director because they felt there was
an imbalance in the board," he said. "I'll bring an independent
view and make sure the board is focused on the business rather
than individuals."

Mr. Cameron, also a non-executive director is up for re-
election, as is John Hasker. And chief executive officer Andre
Carstens has been nominated by chairman Bernard Wheelahan and
all existing directors except Mr. Cameron, for a board position.

CONTACT:

The Gribbles Group Ltd
1868 Princes Highway
Clayton
Victoria 3168
Australia
Phone:  +61 3 9538 6777
Fax:  +61 3 9538 6778
E-mail: info@gribbles.com.au
Web site: http://www.gribbles.com.au/


HERRON TODD: Winds Up Voluntarily
---------------------------------
Notice is hereby given that, at a General Meeting of Members of
Herron Todd White (Sydney) Pty Ltd held on 15 September 2004, it
was resolved that the Company be wound up voluntarily and that
for such purpose Scott Cameron Turner, Chartered Accountant, of
Walter Turnbull, Chartered Accountants, Level 17, 55 Clarence
Street, Sydney NSW be appointed liquidator. A meeting of
creditors confirmed that appointment.

Herron Todd White (Sydney) Pty Ltd is not related to any current
trading Herron Todd White Office.

Dated this 15th day of September 2004

Scott Cameron Turner
Liquidator
WalterTurnbull
Chartered Accountants
Level 17, 55 Clarence Street,
Sydney NSW 2000


JAMES HARDIE: Says Compensation Agreement Near
----------------------------------------------
Scandal-mired James Hardie Industries says it is making progress
in reaching an accord to meet its asbestos liabilities, reports
ABC News.

The building products company has been holding talks with unions
and asbestos victims over compensation for sufferers of asbestos
disease.

Early this week, the company admitted the Medical Research and
Compensation Foundation (MRCF), the foundation it established
for asbestos victims, could run out of funds as early as next
year. The shortfall is estimated at well over $1 billion.

The MRCF, likewise, acknowledged this week the situation was
much more dismal, with a liquidator likely to be called within
weeks unless James Hardie provided a cash injection of at least
AU$85 million.

John Noble, a James Hardie spokesman, said the Company is
committed to funding claims. He added both parties have already
"exchange documents" as they try to formulate a draft heads of
agreement.

However, Australian Council of Trade Unions (ACTU) secretary
Greg Combet said there is still a long way to go and unions will
not rest until funds for future victims are ensured.

"There's still a considerable distance from settlement - this is
a mob that says a lot of things about ensuring that people are
compensated, but we haven't seen the money yet," he said.

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.


JAMOSS PTY: EGM Resolves Voluntary Winding Up
---------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Jamoss Pty Limited (In Liquidation) held on 10
September 2004, it was resolved that the Company be wound up
voluntarily and at a meeting of creditors held on the same day
it was resolved that for such purpose, Raymond George Tolcher of
Lawler Partners, Chartered Accountants, 763 Hunter Street,
Newcastle West NSW 2302 be appointed
Liquidator.

Dated this 21st day of September 2004

R.G. Tolcher
Liquidator
Lawler Partners
Chartered Accountants
763 Hunter Street,
Newcastle West NSW 2302


JETSCOLOR PTY: Court Issues Winding Up Order
--------------------------------------------
On the 14th of September 2004 the Supreme Court of New South
Wales made Orders that Jetscolor Pty Limited (In Liquidation) be
wound up and appointed Gavin Thomas to be Official Liquidator of
the Company.

Gavin Thomas
Gavin Thomas & Partners
Level 9, 31 Market Street,
Sydney NSW 2000


KALACHE'S INVESTMENTS: Receivers and Managers Appointed
-------------------------------------------------------
On 16 September 2004, St. George Bank Limited A.C.N. 055 513 070
of Level 9, 182 George Street, Sydney, NSW 2000 appointed John
Frederick Lord and John Maxwell Morgan, Chartered Accountants of
PKF Chartered Accountants, Level 10, 1 Margaret Street, Sydney,
NSW, 2000 to be the joint and several receivers and managers of
all of the rights, property and undertaking of whatever kind
wherever situated whether present or future owned by Kalache's
Investments Pty Limited A.C.N. 082 283 494.

Solicitor for St George Bank Limited
c/- Phillips Fox Solicitors
Level 38, 201 Elizabeth Street,
Sydney NSW 2000


MITSUBISHI AUSTRALIA: Seeks Options to End Crisis
-------------------------------------------------
Mitsubishi Motors Australia is in talks with car unions over
ways to reduce mounting stocks of unsold vehicles, reports The
Advertiser.

Both parties have considered a four-day work week for reduced
pay, forced annual leave, and even long service leave as options
to resolve the crisis. The proposals will be presented next week
to Mitsubishi's 2,300 South Australian employees.

The ailing carmaker, which manufactures 2,280 vehicles during a
19-working day month, keeps 4,500 Magna and Verada cars and
wagons in its Adelaide holdings yards and an undisclosed number
in transit and in dealer premises across the country.

Mitsubishi Australia's sales plunged sharply in the past months
despite huge discounts given for its units. Exports have also
fallen well below target, due mainly to Mitsubishi America
ending a deal to sell Diamante-badged Magnas.

To date, sales of Magna and Verada in Australia slipped 37
percent to 11,147 compared with 17,738 cars in the first nine
months last year.

In July, the car maker opted to use programmed days off and
annual leave to suspend production for two weeks when the number
of unsold cars stood 4,000.

CONTACT:

Mitsubishi Motors Australia, Ltd. (MMAL)
Head Office: 1284 South Road
Clovelly Park South Australia,
5042 Australia
Phone: 08 8275 7443
Fax: 08 8275 7309
E-mail: careers@mmal.com.au
Web site: http://www.mitsubishi-motors.com.au


NASAMATTA PTY: Creditor Appoints Receivers
------------------------------------------
On 16 September 2004 St George Bank Limited A.C.N. 055 513 070
of Level 9, 182 George Street, Sydney, NSW 2000 appointed John
Frederick Lord and John Maxwell Morgan, Chartered Accountants of
PKF Chartered Accountants, Level 10, 1 Margaret Street, Sydney,
NSW, 2000 to be the joint and several receivers and managers of
all of the rights, property and undertaking of whatever kind
wherever situated whether present or future owned by Nasamatta
Pty Limited A.C.N. 098 339 783.

Solicitor for St George Bank Limited
c/- Phillips Fox
Solicitors
Level 38, 201 Elizabeth Street,
Sydney NSW 2000


NATIONAL AUSTRALIA: Discloses Changes in Senior Leadership Team
---------------------------------------------------------------
The Chief Executive of National Australia Bank, Mr. John
Stewart, announced several important changes to his senior
leadership team to meet some of the key strategic imperatives
facing the Company.

Mr. Stewart said it is critical to have the right people in the
right positions to help build the new National and to rebuild
our reputation with key stakeholders.

The changes to the Executive Committee include:

- Lynne Peacock, currently Executive General Manager, People &
Culture, will become Chief Executive Officer, Europe

- Ross Pinney, currently Chief Executive Officer, Europe, will
become Executive General Manager, of the Chief Executive's
Office

- Elizabeth Hunter, currently General Manager, People & Culture,
Europe, will replace Lynne Peacock as Executive General Manager,
People & Culture

"Earlier this year I appointed Lynne Peacock to lead our People
& Culture function because of her strong business background and
implementation expertise. I specifically asked her to address
the critical people and cultural issues across the National.
Since then considerable progress has been made," Mr.
Stewart said.

"We have significantly strengthened our senior leadership team
with a number of senior appointments, including Ahmed Fahour,
Michael Ullmer, John Hooper, Cameron Clyne and Michael Hamar.
These have broadened and deepened our leadership talent.

"Working closely with the Board and her leadership colleagues,
Lynne has also established a set of Group-wide corporate
principles, desired leadership behaviors, and governance
processes to deliver the cultural change we require.

"Additionally, she has put in place National standards for
performance assessment, reward determination and talent
recognition and development.  She has also worked with me to
clearly define our operating model which will have strong
regional teams with clear accountabilities for performance,
supported by a lean and effective customer focused corporate
center.

"Now that these frameworks are in place, I have asked Lynne to
return to London to continue the work started by Ross Pinney to
transform our European businesses.  It has always been our
intention to appoint someone to this important role with
unquestioned UK financial services experience.  With her
considerable knowledge of UK markets and her experience of
successfully leading a full service financial services
organization, Lynne is exceptionally well qualified for this
role.

"I am very grateful to Ross for leading our European businesses
and for the many changes that he has introduced into these
organizations.  Under his leadership, we have developed new
businesses in the south of England to enhance our growth
prospects and we have firmly established a program to integrate
our back office processes.

In his new role, Ross will manage my office which will include
Corporate Strategy and Corporate Affairs.  This will bring
together key corporate functions to develop a clear corporate
strategy and reputation rebuilding program and improve
governance across the National.

"I am also very pleased to appoint Elizabeth Hunter to replace
Lynne Peacock as EGM People & Culture.  Elizabeth is currently
General Manager, People & Culture in Europe and brings extensive
group and line experience in human resources to the role.
Throughout this year, Elizabeth has worked closely with Lynne on
our program of cultural change across the National.  As a member
of the People & Culture Executive she has provided significant
input into all the work that has been done and is therefore well
placed to carry this program forward with the Group Executive
team."

CONTACT:

National Australia Bank Ltd.
Level 24, 500 Bourke Street,
Melbourne, Victoria, Australia, 3000
Head Office Telephone: (03) 8641-4160
Head Office Fax: (03) 8641-4927
Web site: http://www.national.com.au/


NEVILLE HAY: To Undergo Winding Up Process
------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of Neville Hay Pty Limited (In Liquidation) held on the 15th day
of September, 2004 the following special resolution was passed:

That the Company be wound up voluntarily.

David J. Bulgeries of David J. Bulgeries and Co., 4th Floor, 20
Wentworth Street, Parramatta, New South Wales was appointed
Liquidator.

Dated this 15th day of September 2004

David J. Bulgeries
Liquidator


ORMO PTY: Winds Up Voluntarily
------------------------------
Notice is hereby given that at a general meeting of the members
of Ormo Pty Limited (In Liquidation) held on 14 September 2004,
it was resolved that the Company be wound up voluntarily and
that, David John Leigh, Chartered Accountant of SimsPartners,
Chartered Accountants, Suite 6A, Ground Floor, 10-12 Short
Street, Port Macquarie, NSW be nominated to act as Liquidator
for the purpose of the winding up.

Dated this 28th day of September 2004

David Leigh
Liquidator
SimsPartners
Chartered Accountants
Suite 6A, Ground Floor,
10-12 Short Street,
Port Macquarie NSW 2444


PERFUME ROOM: Appoints A.H.J. Wily as Liquidator
------------------------------------------------
Notice is hereby given that at a meeting of creditors of The
Perfume Room Pty Ltd (In Liquidation) convened pursuant to
Section 439A of the Corporations Act 2001 held on 16 September
2004, it was resolved that the Company be wound up and pursuant
to Section 446A(4) of the Corporations Act 2001, Andrew Hugh
Jenner Wily of Armstrong Wily & Co, Chartered Accountants, Level
5, 75 Castlereagh Street, Sydney NSW 2000 was appointed
Liquidator.

Dated this 20th day of September 2004

A.H.J. Wily
Liquidator
Armstrong Wily & Co
Chartered Accountants
Level 5, 75 Castlereagh Street,
Sydney NSW 2000


POSTNOTE PTY: Joint Meeting Slated for November 9
-------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Postnote Pty Limited (In Liquidation) will be held at the
offices of Grant Thornton, Level 17, 383 Kent Street, Sydney NSW
2000 on Tuesday 9 November 2004, at 11:00 a.m., for the purpose
of having an account laid before them showing the manner in
which the winding up has been conducted and the property of the
Company disposed of, and of hearing any explanations that may be
given by the Liquidator.

Dated this 15th day of September 2004

P.A. Billingham
Liquidator
Grant Thornton
Level 17, 383 Kent Street,
Sydney NSW 2000


R WYNHOVEN: Mortgage Broker Pleads Guilty to Contempt of Court
--------------------------------------------------------------
The Australian Securities and Investments Commission (ASIC) has
obtained orders in the Federal Court of Australia banning Mr.
Ron William Wynhoven from participating in the financial
services industry until a further order is made, and
disqualifying him from managing corporations for a period of
five years.

The court action was brought about by ASIC in relation to the
conduct of Mr. Wynhoven and two of his companies, R Wynhoven and
Associates Pty Ltd and Seed Finance and Investments Pty Ltd.

The orders follow the making of declarations that R Wynhoven and
Associates engaged in misleading and deceptive conduct and
carried on a financial services business without holding an
Australian Financial Services license.

The Court also ordered that R Wynhoven and Associates and Seed
Finance and Investments be wound up on the grounds that they are
insolvent, and that the defendants pay an agreed sum towards
ASIC's costs.

The Court declared that Mr. Wynhoven, as director of R Wynhoven
and Associates, was a party to the misleading and deceptive
conduct and had aided, abetted, counseled and procured the
conduct.

The Court declared Mr. Wynhoven had failed to discharge his
duties as a director by:

(1) Using his position to gain an advantage for himself;
(2) Failing to keep proper books and records;
(3) Failing to act in the best interest of R Wynhoven and
Associates Pty Ltd;
(4) Failing to conduct proper and prudent research into the
financial condition of the (5) properties and businesses into
which investor funds were placed; and
(6) Failing to take into account the financial circumstances of
investors when recommending that they advance funds to R
Wynhoven and Associates Pty Ltd.

All of the orders and declarations were made with the consent of
Mr. Wynhoven.

The misleading and deceptive conduct involved representations
made to investors before providing funds to Mr. Wynhoven. Those
misleading and deceptive representations included
representations that these funds were guaranteed, when in fact
they were not.

During its investigation, ASIC identified a total of 13
investors who had provided approximately $1.2 million to Mr.
Wynhoven and either one of his two companies.

Also in court today, Mr. Wynhoven pleaded guilty to four charges
of contempt of court arising out of breaches of injunctions
obtained by ASIC on 24 December 2003. The court heard
submissions in relation to those charges and reserved its
decision to a date to be fixed.

'These orders were sought to protect investors. As in this case,
ASIC will not hesitate to ask the court to punish Company
directors who breach court orders of this kind', Mr. Mark
Steward, Deputy Executive Director, Enforcement said.


SACRED GARDEN: Enters Winding Up Proceedings
--------------------------------------------
On the 13th of September 2004, the Supreme Court of New South
Wales made an Order that The Sacred Garden Holdings Pty Limited
(In Liquidation) be wound up and appointed Gavin Thomas to be
Official Liquidator.

Gavin Thomas
Gavin Thomas & Partners
Level 9, 31 Market Street,
Sydney


VILLAGE ROADSHOW: Denies Participation in Austereo Buyback
----------------------------------------------------------
Village Roadshow Limited (VRL) said it did not participate in
the share buyback undertaken by its partly owned unit Auestereo
Group Limited, says Asia Pulse.

In a statement, the embattled entertainment firm confirmed it
was not involved in Austereo's buy back of shares, and upon
cancellation of the shares repurchase, VRL's relevant interest
in Austereo ordinary shares will increase from 59.93 percent to
60.81 percent.

Austereo said early this month that it planned to buy back
around 12.5 million shares.

CONTACT:

Village Roadshow Limited
206 Bourke Street
Melbourne Vic 3000
Australia
Phone: 61 3 9667 6666
Fax: 61 3 9639 1540


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


BANK of CHINA: Teams Up with Merchants Bank
-------------------------------------------
Bank of China (BOC) has teamed up with Merchants Bank, in a
partnership aimed to raise competitiveness in preparation for
the opening of the state's banking sector by 2007, according to
The Standard.

The partnership is not a merger but will set the tone for closer
ties in the futures.

The two firms, which have been partners in 2000, have handled
assets, debts, intermediate operations and derivative products.

BOC and Merchants Bank are unlikely partners, given the
disparity in size but they obviously have something significant to offer the
other.

Merchants Bank is gaining access to at least 25,000 BOC mainland
branches while BOC will gain flexibility and better quality
management and a richer client base.

Merchants Bank has a very good strategic plan, with high-quality
management and well-run personal consumer operations. It is a
tightly managed small bank with a better asset base, and is not
performing the same function as the big banks, which is to
provide liquidity to the government.

Meanwhile, BOC who has just finished its restructuring scheme as
a joint stock institution, and is set to sell its stock in 2005
along with China Construction Bank.

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


BRILLIANT HK: Creditors to Prove Debts by November 30
-----------------------------------------------------
Notice is hereby given that the creditors of Brilliant HK
Development Limited, which is being voluntarily wound up, are
required on or before 30th November, 2004 to send in their names
and addresses, full particulars of their debts and claims, and
the names and addresses of their solicitors (if any) to the
Joint and Several Liquidators of the Company at Messrs. Kennic
L. H. Lui & Co., 5th Floor, Ho Lee Commercial Building, 38-44
D'Aguilar Street, Central, Hong Kong.

If so required by notice in writing from the said Joint and
Several Liquidators, they are to come in either by themselves or
by their solicitors and to prove their said 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 before such debts are proved.

Dated this 21st day of October 2004

Kennic Lai Hang Lui
Ruby Mun Yee Leung
Joint and Several Liquidators


CAREER SERVICES: Annual Meeting Scheduled November 23
-----------------------------------------------------
Notice is hereby given that, that pursuant to Section 247 of the
Companies Ordinance, a meeting of the members and of the
creditors of Career Services Limited will be held at 17th Floor,
Hutchison House, 10 Harcourt Road Central, Hong Kong on 23
November 2004 at 11:00 am respectively for the purpose of
receiving an account of the Liquidators' acts and dealings and
of the conduct of the winding-up of the Company during the
preceding year.

A member or creditor who are unable to attend and vote at either
of the above meetings is entitled to appoint a proxy to attend
and on a poll, vote instead of him. A proxy need not be a member
or creditor of the Company.

Proxies used at the meeting must be lodged at 17/F., Hutchison
House, 10 Harcourt Road, Central, Hong Kong not later than 4:00
p.m. on the day before the meeting or adjourned meeting at which
they are to be used.

Dated this 21st day of October 2004

Stephen Liu Yiu Keung
Yeo Boon Ann
Joint and Several Liquidators


PHOENIX FINANCE: Sets Members, Creditors Meeting November 15
------------------------------------------------------------
Notice is hereby given that a meeting of the members and of the
creditors of Phoenix Finance Limited will be held at 22nd Floor,
Wing On Centre, 111 Connaught Road Central, Hong Kong on 15th
day of November 2004 at 2:30 pm and 3:00 pm respectively, for
the purpose of having an account during the year ended 15 August
2004 laid before them by the liquidators showing the manner in
which the winding-up of the Company has been conducted, and the
property of the Company disposed of and of hearing any
explanation that may be given by the liquidator.

A member or creditor entitled to attend and vote at either of
the above meetings is entitled to appoint a proxy to attend and
on a poll, vote instead on his behalf. A proxy need not be a
member or creditor of the Company.

Proxies used at the meeting must be lodged at Unit G, 12/F.,
Seabright Plaza, 9-23 Shall Street, North Point, Hong Kong not
later than 4:00 p.m. on the day before the meeting or adjourned
meeting at which they are to be used.

Dated this 21st day of October 2004

Chan Sek Kwan Rays
Liquidator


* Big Four Banks Accumulate CNY94.5 Bln in NPLs
-----------------------------------------------
China's top four state-run banks had amassed a total of CNY94.5
billion (HK$88.92 billion) in non-performing loans by the end of
last year, reports Dow Jones, citing the 21st Century Business
Herald.

The figure accounts for more than half of the CNY180 billion in
outstanding auto financing by all commercial banks on the
mainland at the end of the first semester of the current year.

The big four state-run commercial banks are Bank of China,
Industrial and Commercial Bank, Agricultural Bank and
Construction Bank.

Agricultural Bank holds the most number of non-performing loans
with CNY30 billion loans. Its outstanding loan lending amounted
to 35.09 percent while its new auto loan records showed 38.65
percent.

Carmakers have seen the lack of auto lending opportunities for
the industry to become a profitable financing business, as an
average 1.4-liter sedan can be worth CNY130,000 less than 17
percent of car sales financed.


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


BUMI RESOURCES: To Produce 45 Mln Tons of Coal in 2005
------------------------------------------------------
PT Bumi Resources said it hopes to produce around 45 million
tons of coal next year, of which a large portion will be
exported, according to Indoexchange.

The coal producer made the statement amid growing demand and
better coal prices.

According to Bumi Finance Director Eddie Subari, around 94
percent from about 38.5 million tons coal produced in 2004 had
already been put under annual sales contracts inked by its two
units, PT Kaltim Prima Coal and PT Arutmin Indonesia, with
international buyers.

Mr. Subari is bullish sales would reach US$1.2 billion and
after-tax profit would be US$137 million this year.

Due to higher coal prices of around US$35/ton, Bumi chalked up
US$39.4 million in net profit for the third quarter of 2004.

Currently, the Company expects to meet their net profit target
of US$137 million at the end of 2004.

CONTACT:

Pt Bumi Resources Terbuka
Jl HR Rasuna Said Kav C-5
Wisma Bumiputera, Lantai 3
Jakarta 12940
Indonesia
Phone: +62 21 521 3131
Fax: +62 21 521 3737/3738
Web site: http://www.bumiresources.com/


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


JAPAN AIRLINES: Expands Special Flights After Earthquake
--------------------------------------------------------
To meet demand after October 23 earthquakes in Niigata
Prefecture disrupted surface transport systems, Japan Airlines
has increased the number of special domestic flights between
Tokyo and the city of Niigata to three per day up to October 31
and from November 1 will increase further to four daily round
trips until November 7, the Company said in a press release.

The special flights will continue on a temporary basis while the
surface transport links between Niigata Prefecture and the Tokyo
region remain disrupted.

The main rail link between Niigata and the Tokyo region is the
Joetsu Shinkansen, a high-speed `'bullet train'' line. Extensive
damage to the tracks and rail infrastructure occurred during the
earthquake and damage surveys and repairs could take more than a
month, according to reports.

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

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


JAPAN AIRLINES: Mulls Domestic Fare Hike
----------------------------------------
Japan Airlines Corporation's (JAL) plan to raise domestic
airfare rates is likely to materialize in January, Kyodo News
reports.

JAL has proposed to raise one-way domestic airfares by JPY200 to
JPY300, starting in January.

The move is likely to push through as Fair Trade Commission
(FTC) Secretary General Akinori Uesugi has indicated the FTC's
intention to approve the fare increase, saying it is
"understandable for JAL to pass higher fuel rises on to fares
one way or another".

JAL needs to obtain FTC's approval to hike ticket prices as it
pledged to keep fares unchanged for three years, provided there
are no drastic change in economic conditions. The agreement was
signed when former Japan Airlines Company and Japan Air System
Company merged operations in October 2002.

JAL President Toshiyuki Shinmachi has declared that the
Company's negotiations with the FTC over its fare hike plan are
"in the final stage."

While JAL is seeking FTC's approval by the end of October,
Uesugi said the trade watchdog will make a decision "as early as
possible," indicating that JAL's plan may be approved later this
month.

Rival All Nippon Airways Co. is expected to follow suit if JAL
raises fares as planned.


MITSUBISHI FUSO: Recall-Related Costs May Hit JPY64 Bln
-------------------------------------------------------
Mitsubishi Fuso Truck and Bus Corporation expects to report some
JPY64 billion in recall-related costs, relates Asia Intelligence
Wire.

Mitsubishi Fuso President Wilfried Porth offered the estimate
based on figures earlier announced by the truck maker's parent
Company, DaimlerChrysler AG.

According to Mr. Porth, the costs also covered expenses on
additional investigations into the recall-related issue.

Mr. Ports refused to answer when asked if Mitsubishi Motors will
shoulder part of the costs.

Mitsubishi Fuso was spun off from Mitsubishi Motors Corporation
in January 2003. U.S.-German automaker DaimlerChrysler became
its controlling shareholder in January the following year.

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 FUSO: Completes Recall Filing of 47 Items
----------------------------------------------------
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) on Wednesday
filed the final four recalls from its original list of 47
quality items with the Ministry of Land, Infrastructure and
Transport (MLIT).

MFTBC had announced in June 2004 to implement 47 field actions
by the end of October 2004. During this period MFTBC filed 42
recall campaigns. Three of the original 47 items were either
combined with another campaign or, in the end, did not require
an official filing. In addition, one service campaign and one
improvement campaign each were filed. The total number of buses
and trucks to be recalled in Japan is 849,000 units. This is in
line with the evaluation of expenses reported by DaimlerChrysler
on October 8, 2004.

MFTBC President and CEO Wilfried Porth said: "Our clean-up
process is on schedule. We will continue our systematic approach
of ensuring road safety for all our vehicles now and in the
future."

MFTBC will complement its ongoing internal investigations into
past quality issues by reviewing further documents such as
maintenance news, service information, and safety related
customer date within its Company as well as at its dealers and
subsidiaries. A final report on the results is scheduled for the
end of December 2004.

Mitsubishi Fuso Truck and Bus Corporation is 65% owned by
DaimlerChrysler. Other shareholders are Mitsubishi Motors
Corporation (20%) and Mitsubishi group companies (15%).


MITSUBISHI HEAVY: Receives Large LNG Tank Order from Qatar
----------------------------------------------------------
Mitsubishi Heavy Industries (TSE: 7011) announced that it has
received an order from CMS&A - a joint venture of Chiyoda
Corporation and Snamprogetti SpA, one of Italy's largest
engineering firms - for a large LNG (liquefied natural gas)
storage tank in Qatar.

Under the contract, MHI will construct an aboveground tank with
a storage capacity of 140,000 kiloliters within the Ras Laffan
Industrial City, located 80km north of Doha, Qatar. The LNG
Terminal is being developed by Ras Laffan Liquefied Natural Gas
Company Ltd. II (Ras Gas II), a producer and exporter of LNG,
established through a joint venture of Qatar Petroleum, and
ExxonMobil RasGas Inc. The new tank with delivery scheduled for
April 2007 will be utilized for the fifth LNG train to be built
by CMS&A.

The contract was concluded in a consortium with the French
Company VINCI. The order will mark MHI's fourth LNG tank
installation in Qatar.

CONTACT:

Mitsubishi Heavy Industries, Ltd.
16-5, Konan 2-chome, Minato-ku
Tokyo, 108-8215, Japan
Phone: +81-3-6716-3111
Fax: +81-3-6716-5800
Web site: http://www.mhi.co.jp


MITSUBISHI MOTORS: Sells Nagoya Oye Plant to Mitsubishi Heavy
-------------------------------------------------------------
Mitsubishi Motors yesterday announced the conclusion of a sales
contract between itself and Mitsubishi Heavy Industries, Ltd.
concerning a portion of the first land and buildings of the Oye
factory in Nagoya.

The property sold measures 115,374 square meters, except for a
portion that has been leased to Tochigi Fuji Industrial, as well
as a building and a distribution depot that Mitsubishi Motors
continues to utilize. The value of the sale is approximately 4.4
billion yen, which comprises the value of the land and
buildings.

Due to its closure in September 2001 as a part of production
reorganization, and also since the assembly line was transferred
to the Okazaki factory, this site was an unutilized asset.
Mitsubishi Heavy Industries is expected to use the facility in
the construction of a new airplane factory.

Mitsubishi Motors has had the soil inspected in compliance with
Nagoya City environmental protection regulations, and has
reported the contents concerned to local authorities on October
26th in 2004 with regard to the sale. There were volatile
organic compounds detected at the site (tetrachloroethylene,
trichloroethylene, Cis-1, 2-dichloroethylene), as well as heavy
metals, etc. (fluorine and lead), which exceed regulated
standards.

After consulting with Nagoya City officials, measurements were
immediately taken. Groundwater was analyzed at all points along
the site boundary for volatile organic compounds, which was
determined to be within accepted levels and there is no danger
of further contamination.

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


TAKAHAMA KANKO: Enters Bankruptcy
---------------------------------
Golf course operator Takahama Kanko Kaihatsu K.K. has entered
bankruptcy, Teikoku Databank America says. The firm, based in
Takahama Kanko Kaihatsu K.K., left total liabilities of US$47.45
million.

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


UFJ HOLDINGS: Sumitomo Trust Seeks Order to Halt Merger Talks
-------------------------------------------------------------
Sumitomo Trust and Banking will apply for a court injunction to
halt negotiations between UFJ Holdings Incorporated and
Mitsubishi Tokyo Financial Group (MTFG) on merging their trust
banking units, Reuters reports.

According to sources, Sumitomo will lodge a lawsuit with the
Tokyo District Court against UFJ Holdings and its two units, UFJ
Bank and UFJ Trust, seeking a court order to suspend merger
negotiations with MTFG.

Sources added that if the court injunction takes longer time,
Sumitomo Trust may opt to directly sue UFJ for over JPY100
(US$937.8 million) in damages.

In May, UFJ Holdings had agreed to sell its trust unit to
Sumitomo Trust, but later withdrew from the deal to pursue a
takeover by MTFG to create the world's top-rank bank.

In August, Japan's Supreme Court rejected a request by Sumitomo
for a preliminary injunction prohibiting UFJ from including its
trust unit in the MTFG deal, but left room for Sumitomo to
appeal its case and seek a permanent injunction.

CONTACT:

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


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


THRUNET: Dacom Keen on Take Over
--------------------------------
The acquisition of Thrunet Co. Ltd. by Dacom will bring a
significant change to the country's domestic telecommunications
industry, reports the Korea Times.

Dacom said it will not seek a license for the WiBro service, or
mobile Internet service, due to fierce competition and large
initial investment.  Instead, it would focus on taking over
Thrunet to strengthen the convergence of its business divisions
by integrating its broadband Internet service, Internet phone
service and broadcasting service.

Hanaro Telecom is also expected to join the race for a stake in
Thrunet, as part of efforts to bolster its market share in the
broadband market.

The acquisition by either Dacom or Hanaro would signal a major
restructuring attempt in the local telecom industry.

"Next year will see major changes in the industry with the sale
of Thrunet and the distribution of licenses for the WiBro
service," The Korea Times quoted Ko Yeon-jung, an analyst at
Daehan Investment & Securities, as saying.

"For Dacom and LG Group, it will be a litmus test for whether
they can maintain their telecommunications businesses. By giving
up on WiBro, there will be a lot of uncertainty in LG Group's
future telecom business if Dacom fails to acquire Thrunet," Mr.
Ko added.

"But if Dacom manages to snatch up Thrunet, it will not only
increase its market share in the broadband market, but also make
LG Group more aggressive in expanding its presence in the
telecom industry," Mr. Ko pointed out.

According to Sung Kyung-ho an analyst at Sejong Securities, a
combination of Dacom, Powercomm, Thrunet and LG Telecom would
enable LG Group to push ahead with its so-called Triple Play
Service by providing high-speed Internet services and Internet
phone and broadcasting services.

If Hanaro succeeds in acquiring Thrunet, it would be able to
increase its market share to compete with KT in the high-speed
Internet service market. Thrunet currently has 1.3 million
subscribers for a 10.9 percent market share, while Hanaro has
2.8 million for 23.6 percent. Dacom has a market share of 1.6
percent.

"But there are concerns that Hanaro will probably get the WiBro
license, which could put pressure on the firm's financial
strength due to big investments," Stan Jung, an analyst at LG
Investment & Securities, said.

"It is uncertain whether the portable Internet business can
generate profit right away. In addition, unless Hanaro finds a
clear profit model from Thrunet, the acquisition will not bring
improved profitability in the short-term," he said.

WiBro, also known as 2.3GHz portable Internet, allows people to
remain connected to the Internet even when traveling at speeds
of up to 60 kilometers per hour

Thrunet, which is now under court receivership and is to be put
up for sale from next month, will receive letters of intent from
November 8 and accept bids from December 13.

CONTACT:

Korea Thrunet Co. Ltd
1337-20 Seocho-2 dong Seocho-Gu,
Seoul, Korea
Phone: 82-3488-8114
Fax: 82-2-3488-8770


SSANGYONG MOTOR: SAIC To Pay KRW591Bln for a 49% Stake
------------------------------------------------------
Ssangyong Motor Co. was scheduled to sign a final deal for its
sale to Shanghai Automotive Industry Corp. (SAIC) Thursday, The
Korea Herald reports.

SAIC will acquire 49 percent of Ssangyong, which marks the
largest takeover in the nation's automotive industry since 2002.
The stake will be worth KRW591 billion ($523 million) or 10,000
won a share, an unnamed official of the bank relates.

SAIC's acquisition of Ssangyong will enable it to expand into
producing sport-utility vehicles for the world's fastest-growing
automotive market.  Ssangyong is the maker of Rexton and Korando
sport-utility vehicles.

"Ssangyong's sale has finally come to an end," said Kim Sang-ik
at Daishin Securities Co. in Seoul. "Now we'll have to see what
Shanghai Auto does with it."

SAIC said it would keep the employees and management team of
Ssangyong as demanded by the union.  Prior to the sale the union
workers have demanded that none of the 7,600 workers would lose
their jobs, or else they would opose the sale.

Shanghai Auto's President Hu Maoyuan could not be reached to
comment. The Shanghai-based carmaker's spokesman Xue Hao
declined to comment.

Shanghai Auto makes Buick Regal, Excelle, Sail cars and GL8 vans
with General Motors. The two companies are partners in a venture
in central China that makes vans and Chevrolet Spark mini cars.
Shanghai Auto is also a shareholder in Korea's third- largest
carmaker GM-Daewoo Auto & Technology Co.

Chohung Bank manages the sale of Ssangyong along with other
group of creditors.

CONTACT:

Ssangyong Motor Company Limited
150-3 ChilgoE-dong
Pyeongtaek-si, Kyonggi 459-711
Korea (South)
Telephone: +82 31 610 1114
           +82 31 610 3739


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


ANCOM BERHAD: Unveils Shares Buy-Back Mandate Renewal
-----------------------------------------------------
Ancom Berhad proposes to undertake the following:

(i) A renewal of mandate from the shareholders for the Company
to purchase up to ten percent (10%) of its issued and paid-up
share capital on Bursa Malaysia Securities Berhad (Bursa
Securities) in accordance with the provisions of Section 67A of
the Companies Act, 1965, the Articles of Association of the
Company and the Listing Requirements of Bursa Securities
(Proposed Share Buy-back Mandate Renewal); and

(ii) A renewal of mandate from the shareholders in respect of
recurrent related party transactions of a revenue or trading
nature with existing transacting related parties under Paragraph
10.09 of the Listing Requirements of Bursa Securities (Proposed
RRPT Mandate Renewal).

A Circular in relation to the above will be sent to the
shareholders in due course.

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

This announcement is dated 27 October 2004.


CONSOLIDATED FARMS: Resumes Trading of Shares
---------------------------------------------
Consolidated Farms Berhad announced that the trading in the
Company's shares has resumed on Thursday, 28 October 2004.

The trading in the shares of the Company was suspended on 21
October 2004, following a winding up petition notice against its
unit Consolidated Feedmill Sdn Bhd.

CONTACT:

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


FABER GROUP: Granted Listing of 535,000 New Ordinary Shares
-----------------------------------------------------------
Faber Group Berhad's additional 535,000 new ordinary shares of
RM1.00 each issued pursuant to the conversion of RM1,070,000
nominal value of 2000/2005 irredeemable convertible unsecured
loan stocks into 535,000 new ordinary shares will be granted
listing and quotation with effect from 9 a.m., Monday, 1
November 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


GENERAL SOIL: Court Sanctions Restructuring Scheme
--------------------------------------------------
On behalf of the Board of Directors of General Soil Engineering
Holdings Berhad (Gensoil), Avenue Securities Sdn Bhd announced
that Gensoil's solicitors had vided its letter dated 26 October
2004 informed that the High Court of Malaya has granted an order
to sanction the Proposed Restructuring Scheme pursuant to
Section 176(3) of the Companies Act, 1965.

COLLECTIVELY THE "PROPOSED RESTRUCTURING SCHEME"

Proposed Capital Reconstruction;
Proposed Debt Restructuring;
Proposed KTI Acquisition;
Proposed DDM Acquisition;
Proposed Exemption;
Proposed Newco Share Placement;
Proposed Private Placement; And
Proposed Listing Transfer

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 27 October 2004.


I-BERHAD: Issues Shares Buy Back Notice
---------------------------------------
I-Berhad disclosed to the Bursa Malaysia Securities Berhad the
details of its shares buy back on October 27, 2004.

Date of buy back: 27/10/2004

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

Total number of shares purchased (units): 3,000

Minimum price paid for each share purchased (RM): 0.840

Maximum price paid for each share purchased (RM): 0.840

Total consideration paid (RM): 2,539.13

Number of shares purchased retained in treasury (units): 3,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 3,000

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

This announcement is dated 27 October 2004


JIN LIN: Granted Extension of Restraining Order
-----------------------------------------------
On 14 June 2004, Avenue Securities Sdn Bhd had on behalf Of Jin
Lin Wood Industries Berhad (JLWIB), announced that on 14 June
2004, the Company and its subsidiaries have been granted an
extension of a Restraining Order (RO) for a further period of
180 days effective from 2 June 2004 by the Kuala Lumpur High
Court pursuant to Section 176(10) of the Companies Act, 1965.

Jin Lin Wood announced that Mulpha had filed an application to
inter alia intervene, set aside the restraining order (RO) and
for the proposed scheme of arrangement to be enlarged to include
Mulpha.

On 3 August 2004, Mulpha's application was heard and the Judge
maintained the RO, did not order Mulpha to be included in the
scheme of arrangement and granted leave for Mulpha to continue
Mulpha's legal suit no: 22-40-2003(MR) in respect of a claim
against JLT. On 4 August 2004, Mulpha filed an appeal against
this decision for which no hearing date was fixed.

Mulpha filed an application for stay of proceedings on 26 August
2004 pending the appeal. The application came up for hearing on
19 October 2004 and after hearing arguments from both parties,
the Judge dismissed Mulpha's application for a stay of
proceedings with costs.

JLWIB's subsidiaries include Syarikat Mustapha & Ngu Timber Sdn
Bhd, Jin Lin Trading Sdn Bhd (Jlt), Akitiasa Sdn Bhd, Jin Lin
Bio-Coal Sdn Bhd.

CONTACT:

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

This announcement is dated 27 October 2004.


K.P. KENINGAU: Releases Production Figures For September
--------------------------------------------------------
In accordance with Paragraph 9.29 of Chapter 9 of the Bursa
Malaysia Securities Berhad Listing Requirements, K.P. Keningau
Berhad announced that the log production figures of the Group
for the month of September 2004 were 1,103 M3.

CONTACT:

K.P. Keningau Berhad
Lot 10, The Highway Centre
Jln 51/205 46050 Petaling Jaya,
Selangor
Telephone: 03-7784 3922
Fax: 03-7784 1988


K.P. KENINGAU: Discloses Default Status Update
----------------------------------------------
As required by the Bursa Malaysia Securities Berhad Practice
Note 1/2001, K. P. Keningau Bhd. (KPK) hereby provides an update
on its default in payment as at 30 September 2004, in the
Appendix A (http://bankrupt.com/misc/tcrap_kpkeningau102704.doc)

The total default by KPK on principal sum plus interest as at 30
September 2004 amounted to RM37,623,803.71. The default payment
owing to financial institutions are in respect of trade
financing, term loan, revolving credit and overdraft and details
of security cover thereof, are as per announcement made on 19
January 2004.

There is no new development on the default of payment since the
previous announcement with regard to this Practice Note.


K.P. KENINGAU: Financial Condition Unchanged
--------------------------------------------
Further to the First Announcement on 22 September 2004, the
Board of Directors of K. P. Keningau Bhd. announced that the
Company is in the midst of assessing various options to
regularize its financial condition.

There have been no further changes in status since the date of
the last announcement.

This announcement is dated 27 October 2004.


LITYAN HOLDINGS: Notes Closed Period Dealings By Director
---------------------------------------------------------
In pursuance of Paragraph 14.08(a) of the Listing Requirements
of the Bursa Malaysia Securities Berhad, Rahmat Bin Harun, a
Director of Lityan Holdings Berhad, announced his intention to
deal in the securities of the Company during the closed period
pending LHB's announcement on its financial results for the
third quarter ended 30 September 2004.

Mr. Harun is currently holding 8,650,000 ordinary shares of
RM1.00 each in LHB (Shares) representing 8.414% of LHB's issued
and paid-up share capital and having deemed interest in 75
Shares by virtue of Section 6A of the Companies Act 1965 through
Puan Azizah Bt Rahmad.

CONTACT:

Lityan Holdings Berhad
Bangunan Lityan,
Peremba Square Saujana Resort,
Section U2
40150 Shah Alam
Selangor Darul Ehsan Malaysia
Tel: + 603-7622-1188
Fax: +603-7666-6870
E-mail: enquiry@lityan.com.my


MWE HOLDINGS: Unveils Close Period Trading
------------------------------------------
MWE Holdings Berhad announced that Mr. Tan Chor Teck, the
Director of the Company, and persons connected with him, intends
to deal in the shares of the Company during the closed-period
commencing from 26 October 2004 until one (1) market day after
the announcement of the Company's third quarter result ended 30
September 2004. The shareholdings of Mr. Tan Chor Teck in the
Company as at to date are as follows:

No. of shares percentage (%)

(1) Direct interest - 350,000 ordinary shares of RM1.00 each
(0.15%)

(2) Indirect interest - *8,612,000 ordinary shares of RM1.00
each (3.72%)

* Deemed interested by virtue of his interest in Simansu Sdn Bhd
and through his family members.

CONTACT:

MWE Holdings Berhad
846 Jalan Raya Sungei Bakap
Seberang Perai Selatan,
Pulau Penang 14209
Malaysia
Telephone: +60 4 582 4811
+60 4 582 4707


PAN MALAYSIA: MUI Continental Buys 50,000 Shares
------------------------------------------------
Pan Malaysia Corporation Berhad has received notification from
Tan Sri Dato' Dr Khoo Kay Peng that MUI Continental Insurance
Berhad had traded in the ordinary shares of PMC as follows:

Date of Transaction: 27 October 2004
Price Per Share (RM): 0.5720
No. of Shares Purchased: 50,000
% of Issued Share Capital: 0.006

CONTACT:

Pan Malaysia Holdings Berhad
Jalan P Ramlee
Kuala Lumpur, 50250
Malaysia
Telephone: +60 3 2031 6722
+60 3 2031 1299


PROMTO BERHAD: Creditors Meeting Set on November 22
---------------------------------------------------
Notice is hereby given that by an Order of Court made on the 6th
day of August 2004 has directed a meeting of the scheme
creditors of Promto Berhad to be convened pursuant to the
provisions of Section 176 of the Companies Act 1965 (the
Meeting) for the purpose of considering and if thought fit to
approve (with or without modification(s)) a personal
restructuring scheme (the PRS) comprising the following:

Proposed Acquisitions
Proposed Share Exchange
Proposed Debt Restructuring
Proposed Private Placement
Proposed Exemption
Proposed Disposal of Promto
Proposed Transfer of Listing

The Meeting will be held at Seasons View, Level 1, Grand Seasons
Hotel, Kuala Lumpur on Monday, the 22nd day of November 2004 at
9:30 in the morning.

A copy of the Explanatory Statement required to be furnished
pursuant to Section 177 of the Companies Act 1965 will be sent
by way of ordinary post to each individual creditor entitled to
receive such notice. Any creditor entitled to attend the Meeting
can obtain a copy of the Explanatory Statement and the form of
proxy applicable for the Meeting from Messrs Mohamed Ismail &
Co., 1st Floor, Menara Safuan, No 80 Jalan Ampang, 50450 Kuala
Lumpur on any day from 9.00 a.m. to 5.00 p.m. except public
holidays, Saturdays and Sundays.

The said creditors may vote in person at the Meeting or they may
appoint another person, as their proxy to attend and vote in
their stead. A form of proxy applicable for the Meeting is
enclosed with the Explanatory Statement.

It is requested that the forms appointing proxies be lodged with
Messrs Mohamed Ismail & Co., 1st Floor, Menara Safuan, No 80
Jalan Ampang, 50450 Kuala Lumpur not later than 48 hours before
the time appointed for the Meeting.

By the said Order, the Court has appointed Mr Ganesan a/l
Sundaraj and failing him, Mr Lim Chee Seng or Datuk Haji Hanafi
Bin Ramli to act as Chairman of the Meeting and has directed the
Chairman to report the results thereof to the Court.

MESSRS MOHAMED ISMAIL & CO
ADVOCATES & SOLICITORS
1st Floor, Menara Safuan
No 80 Jalan Ampang
50450 Kuala Lumpur
Solicitors for Promto Berhad
Date: 29th October 2004

CONTACT:

Promto Berhad
Lot 13A-2, Level 13A
Menara Milenium
Jalan Damanlela
Damansara Heights
50490 Kuala Lumpur
Tel: 03-271 02332
Fax: 03-271 02662
Web site: http://www.promto.com


SURIA CAPITAL: Issues Practice Note 10/2001 Update
--------------------------------------------------
The Bursa Malaysia Securities Berhad announced that Suria
Capital Holdings Berhad has achieved an adequate level of
operations pursuant to the Practice Note 10/2001 (PN10) and no
longer triggers any of the criteria under paragraph 2.0 of PN10.

CONTACT:

Suria Capital Holdings Berhad
Kompleks Karamunsing Km 2.4 Jalan Tuaran
Kota Kinabalu, Sabah, Sabah 88300
MALAYSIA
+60 88 256 736
+60 88 256 410

This announcement is dated 27 October 2004.


WOO HING: Completes Settlement Agreement
----------------------------------------
The Special Administrator of Woo Hing Brothers (Malaysia) Berhad
announced that the perfection of the transfer or assignment (as
the case may be) of the Company's remaining properties to
Malayan Banking Berhad as stipulated in the Settlement Agreement
dated 18 June 2003 has been completed.

Yours faithfully,
HENG JI KENG
Special Administrator
Date: 28 October 2004

CONTACT:

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


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


BASIC CONSOLIDATED: Elects New Executive Director
-------------------------------------------------
In a disclosure to the Philippine Stock Exchange, Basic
Consolidated Inc. has elected Mr. Prasan Sirinnont as a member
of the Board of Directors of the Company on October 27, 2004.

CONTACT:

Basic Consolidated Inc.
7th Flor. Basic Petroleum Building,
104 Carlos Palanca Jr. Street, Legaspi Village
Makati City 1229, Philippines
Tel: (632) 817-8596 to 98
Fax: (632) 817-0191
E-mail: basiccon@planet.net.ph


MANILA ELECTRIC: Finances Still Strained Despite Net Rise
---------------------------------------------------------
Manila Electric Co. (Meralco) said its third-quarter net income
has increased to PhP831.8 million, 45 percent higher than the
PhP574 million in the same period last year, the Business World
reports.

Still, the Company expressed concern on several financial issues
such as its refinancing plans, refund payments and other
obligations.

Meralco Vice-President for Corporate Communication Elpi O. Cuna
Jr. said the estimated cash outlay for customer refunds until
year-end of at least PhP1.3 billion and PhP3.5 billion in 2005
is another "financial burden" for the Company. The Phase 4 of
the refund is still pending.

In a disclosure to the Philippine Stock Exchange, the Company
attributed the profit rise to the 3.8 percent increase in sales
volume.

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


NATIONAL BANK: Nets Php102M in 3rd Quarter
------------------------------------------
The Philippine National Bank (PNB) announced that it posted its
highest three-month net income of P102 million in the quarter
just ended. For the first nine months of 2004.

In a disclosure to the Philippine Stock Exchange, the bank's Net
Income stood at P142 Million outpacing by 12% the Php127 Million
posted in the same period last year. The three- quarter bottom
line is likewise a 255% leap from end-June's Php40 million,
affirming the effectiveness of the Good Bank-Bad Bank strategy
the Bank started to pursue in mid-2002.

PNB's balance sheet accounts show the Bank firming up its
position as a stronger financial institution. Total Resources
advanced by 8% to Php215 billion from end-2003's P199 billion.
Asset growth was funded mainly by the continued 8% rise in
customer deposits which now total P160.4 billion, P12.1 billion
more than what was recorded in end-2003. Interbank Loans grew by
Php9.3 billion; a hefty 68% gain from the December 2003 level
while Trading and Investment Securities recorded an aggressive
gain of 12% or P5.6 billion from 9 months ago.

Results of the Bad Bank's more focused work out strategies
confirmed that the Bank is indeed getting its desired outcomes
of improving asset quality and reducing non-performing accounts.
Ratio of non-performing loans declined to 44% in September 2004
from its end-2003 figure of 46.4%.

The Good Bank-Bad Bank strategy's success is more concretely
seen in the Bank's statement of profit and loss. Net interest
margin grew by P530 million or 45% to Php1.704 billion from
P1.174 billion for the comparative period in 2003.

The Bank's improved mix in its investment portfolio and
restructuring efforts allowed interest income to expand by
almost Php700 million or 13% to P6.116 billion from only
Php5.419 billion In the same period last year.

Despite the higher deposit levels and Interest rates that
prevailed during the first nine months of the year, PNB was able
to effectively control its cost of funds whereby its interest
expense inched up by only 4% to Php4.412 billion from Php4.245
billion in the first comparable period last year.

Fee-based and other income amounted to Php3.713 billion from
last year's Php3.755 billion due to lower collection of fees and
charges. Trading gains on investment securities remained strong
during the period, jumping by Php126 million or 48% to P390
million. Income from acquired assets, on the other hand, stepped
up by 32% to P100 million from Php76 million In September last
year.

Further, Bank management 'continued to control costs wherever it
could. Administrative and other expenses net of taxes and
licenses reached a level of Php4.13 billion or an increase of
only 6% over the comparable figure of Php3.897 billion last
year. On the other hand, because of the government's decision to
revert back to the gross receipts tax system on revenues, taxes
and licenses paid during the first nine months totaled P553
million, an Increase of 292% over the Php141 million paid in
2003.

PNB's net income of Php102 million for the third quarter alone,
Is the highest quarterly income the Bank posted since it went
back on the black seven quarters ago. It also follows the Php20
million net income made in the first quarter of the year and the
other Php20 million made in the succeeding Quarter.

Supporting these indications of the Bank's profitability is its
large capital base, Total Capital Funds as of end-September 2004
reached P24.546 billion, 1 % higher than last Quarter's P24.345
billion, and representing 11.41 % of total assets.

PNB management says these achievements on the financial front
will further be boosted by what is intended to be in the Bank's
business agenda for the last three months of 2004. On the retail
banking front, PNB is set to launch more innovative products
such as a check writing facility for corporate and small
business loan clients and a much-improved overseas remittance
facility, which incorporates the power of 8M8 messaging. Also
very aggressive in playing catch-up in the competitive
electronic banking business.

PNB is soon to launch its own mobile and Internet banking
solutions. The Bank is also gaining headway in reestablishing
itself as a potent force in partnering with Small and Medium
Enterprises.

On top of all these, PNB's motivated work force is more
determined than ever to make a difference for the Bank under a
new Collective Bargaining Agreement with management. With the
powers of technology and people working in PNB's favor, there is
no doubt that it is truly on its way to another fruitful year in
2004.

Meanwhile, ABS-CBN News reported that that PNB ended in the
black in 2003 after five years of successive losses.

CONTACT:

Philippine National Bank
PNB Financial Center
CCP Complex,
Pres. Diosdado P. Macapagal Boulevard,
Pasay City
Philippines 1300
Phone Nos.: (+63-2) 891-6040 to 70


NATIONAL POWER: Starts Small Power Utilities Privatization
----------------------------------------------------------
Electricity bills should start reflecting lower rates once the
government privatizes its 14 existing small power utilities
group (SPUG) areas to meet the growing power requirements of
large island provinces, reports the Business World.

The National Power Corporation (Napocor) formally opened the
first wave of SPUG areas to private sector participation with
the signing of an agreement with the Marinduque Electric
Cooperative, Inc., Tablas Electric Cooperative, Inc., and
Romblon Electric Cooperative, Inc.

Energy Secretary Vincent S. Perez stressed that the
privatization would reduce the charges being subsidized by
Napocor, which are in turn passed on to the consumers.

CONTACT:

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


PHILIPPINE REALTY: Clarifies Turnaround Plan Report
---------------------------------------------------
This is in reference to a news article entitled "Philrealty
plots turnaround" published in the Cocktales Section of the
October 27, 2004 issue of the Philippine Daily Inquirer
(Internet Edition).

The article reported that "PHILREALTY, which has daily been
bumping the 50-percent rise ceiling since the stock began
trading again last week, plans to build a Megaworld-style
condominium in its Fort property instead of its original plan
with bigger, Alexandra-sized units.

Philrealty principal Gerardo Lanuza has successfully rounded up
a group of investors, including fellow iBank director Enrique
Razon Jr., to provide fresh funding for the Fort project. The
project profits from the Fort project will then be used by
Philrealty to finished its Andrea condo complex in what used to
be the Pepsi compound in Quezon City's Balete Drive."

Philippine Realty & Holdings Corporation ("RLT"), in its letter
to the Exchange dated October 27, 2004, stated that:

"We confirm that present development plans on the said Fort
Bonifacio property feature predominately small units which we
believe are the most marketable at this time. We are also in
talks with a group of investors, including Mr. Enrique Razon,
Jr., which will jointly develop the property with Philrealty,
but have not signed any agreement with them. As previously
disclosed, cash generated from three Fort Bonifacio properties,
which we shall retain under the court-approved rehabilitation
plan, shall be used by Philrealty to finish the Andrea North
residential condominium complex in New Manila, Quezon City."

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
=================


DARUL MAL: Posts Intended Dividend Notice
-----------------------------------------
Darul Mal Al-Islami Trading Pte Ltd. posted an intended dividend
notice at the Singapore Government Gazette on October 22, 2004.

Address of Registered Office: Formerly of 1 Colombo Court #08-15
Singapore 179742

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 264 of 1990

Last Day for Receiving Proofs: 5th November 2004

Name & Address of Liquidator: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Chan Wang Ho
Assistant Official Receiver


DIGILAND INTERNATIONAL: Names New Officials
-------------------------------------------
The Board of Directors of Digiland International Limited
announced the following:

(i) Mr. Lim Koon Hock will be appointed as Chief Financial
Officer and Company Secretary with effect from 1 November 2004.

Mr. Lim has more than 10 years of experience in corporate
finance and is a certified public accountant. He was formerly
the Financial Controller and Company Secretary of Electronic
Resources Ltd, now known as Ingram Micro Asia Ltd.

(ii) Mr. Cheng Sim Meng will relinquish his responsibilities as
Company Secretary and Group Financial Controller with effect
from 1 November 2004.

By Order of the Board
Tan San-Ju
Company Secretary


DIGILAND INTERNATIONAL: Appoints New Chief Financial Officer
------------------------------------------------------------
Digiland International Limited announced the appointment of Lim
Koon Hock as Chief Financial Officer. A profile Mr. Lim was
posted at the Singapore Stock Exchange.

Date of appointment: 01 Nov 2004

Name: Lim Koon Hock

Age: 49

Country of principal residence: Singapore

Whether appointment is executive, and if so, the area of
responsibility: Finance, Accounts, Corporate Secretarial

Working experience and occupation(s) during the past 10 years:
April 2002 - October 2004
Business Advisor
P-Serv Pte Ltd

July 1998 - April 2002
Snr V.P., Corporate
Elogicity International Pte Ltd

February 1994 - June 1998
Financial Controller/Company Secretary
Electronic Resources Ltd

Other directorships

Past:
Elogicity Pte Ltd
Elogicity Pty Ltd
Elogicity Ltd
Electronic Seal Pte Ltd

Present:
Elogicity International Pte Ltd

Shareholding in the listed issuer and its subsidiaries: NIL

Family relationship with any director and/or substantial
shareholder of the listed issuer or of any of its principal
subsidiaries: NIL

Conflict of interest: NIL

Information required by Rule 704(7)(h)

Disclose the following matters concerning a director, chief
executive officer, general manager or other executive officer of
equivalent rank. If the answer to any question is "yes", full
details must be given.

(a) Whether at any time during the last 10 years, a petition
under any bankruptcy laws of any jurisdiction was filed against
him or against a partnership of which he was a partner?
No

(b) Whether at any time during the last 10 years a petition
under any law of any jurisdiction was filed against a
corporation of which he was a director or key executive for the
winding up of that corporation on the ground of insolvency?
No

(c) Whether there is any unsatisfied judgment against him?
No

(d) Whether he has ever been convicted of any offence, in
Singapore or elsewhere, involving fraud or dishonesty which is
punishable with imprisonment for 3 months or more, or has been
the subject of any criminal proceedings (including any pending
criminal proceedings which he is aware of) for such purpose?
No

(e) Whether he has ever been convicted of any offence, in
Singapore or elsewhere, involving a breach of any law or
regulatory requirement that relates to the securities or futures
industry in Singapore or elsewhere, or been the subject of any
criminal proceedings (including any pending criminal proceedings
which he is aware of) for such breach?
No

(f) Whether at any time during the last 10 years, judgment has
been entered against him in any civil proceedings in Singapore
or elsewhere involving a breach of any law or regulatory
requirement that relates to the securities or futures industry
in Singapore or elsewhere, or a finding of fraud,
misrepresentation or dishonesty on his part, or he has been the
subject of any civil proceedings (including any pending civil
proceedings which he is aware of) involving an allegation of
fraud, misrepresentation or dishonesty on his part?
No

(g) Whether he has ever been convicted in Singapore or elsewhere
of any offence in connection with the formation or management of
any corporation?
No

(h) Whether he has ever been disqualified from acting as a
director of any corporation, or from taking part directly or
indirectly in the management of any corporation?
No

(i) Whether he has ever been the subject of any order, judgment
or ruling of any court, tribunal or governmental body,
permanently or temporarily enjoining him from engaging in any
type of business practice or activity?
No

(j) Whether he has ever, to his knowledge, been concerned with
the management or conduct, in Singapore or elsewhere, of the
affairs of

    (i) any corporation which has been investigated for a breach
of any law or regulatory requirement governing corporations in
Singapore or elsewhere; or

    (ii) any corporation or partnership which has been
investigated for a breach of any law or regulatory requirement
that relates to the securities or futures industry in Singapore
or elsewhere, in connection with any matter occurring or arising
during the period when he was so concerned with the corporation
or partnership?
No

Submitted by:
Tan San-Ju
Company Secretary


EXCELCO CONSTRUCTION: Members, Creditors Meeting Set November 12
----------------------------------------------------------------
Notice is hereby given that the first meeting of the creditors
of Excelco Construction Pte Ltd will be held at 415B Jalan
Besar, Singapore 209016 on the 12th day of November 2004 at
10:00 a.m.

AGENDA

(1) To receive the liquidator's report on the progress of the
liquidation.

(2) Update on the status of the liquidation.

(3) Any other matters.

To entitle you to vote thereat your proof must be lodged with me
not later than 5 p.m. on 5th day of November 2004.

Proxies to be used at the meeting must be lodged with me not
later than 5 p.m. on the 8th day of November 2004.

Gui Kim Young
Liquidator of
Excelco Construction Pte Ltd
415B Jalan Besar
Singapore 209016
(The statement of the Company's affairs has been lodged.)

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


FLEXUS ENTERPRISE: Sets Creditors Meeting on November 22
--------------------------------------------------------
Notice is hereby given that the first meeting of the creditors
of Flexus Enterprise Pte Ltd will be held at 415B Jalan Besar,
Singapore 209016 on the 12th day of November 2004 at 2:00 p.m.

AGENDA

(1) To receive the liquidator's report on the progress of the
liquidation.

(2) Update on the status of the liquidation.

(3) Any other matters.

To entitle you to vote thereat your proof must be lodged with me
not later than 5 p.m. on 5th day of November 2004.

Proxies to be used at the meeting must be lodged with me not
later than 5 p.m. on the 8th day of November 2004.

Gui Kim Young
Liquidator of
Flexus Enterprise Pte Ltd
415B Jalan Besar
Singapore 209016.

This Singapore Government Gazette notice is dated October 22,
200.


MARATZ SINGAPORE: Issues Intended Dividend Notice
-------------------------------------------------
Maratz Singapore Pte Ltd. issued its intended dividend notice at
the Singapore Government Gazette on October 22, 2004.

Address of Registered Office: Formerly of 135 Cecil Street
#14-01 LKN Building Singapore 069536

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 310 of 1998

Last Day for Receiving Proofs: 5 November 2004

Name & Address of Liquidator: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Toh Hwee Lian
Senior Assistant Official Receiver


MEDIASTREAM LIMITED: OCBC Issues, Serves Writ of Summon
-------------------------------------------------------
The directors of MediaStream Limited disclosed that Oversea-
Chinese Banking Corporation Limited has issued and served a Writ
of Summons on the Company on 26 October 2004 claiming, among
others, an aggregate sum of approximately SG$9,518,463 due under
various banking facilities extended to the Company.

In this respect, the Company would like to highlight that it had
on 16 August 2004 and 19 August 2004, announced the proposed
acquisition of 70% of the entire issued and paid-up share
capital of Safuan Bara-Link S.A. (Pty) Ltd. The conditions
precedent for the Proposed Acquisition include, inter alia, the
following:

(1) the Company entering into a scheme of arrangement with its
creditors, including but not limited to OCBC, International
Factors Singapore Limited (IFS) (if applicable) and United
Overseas Bank Limited (UOB), under Section 210 of the Singapore
Companies Act (Cap. 50) within three (3) months after the date
of signing of the Agreement on terms and conditions acceptable
to the Vendor (the "Scheme of Arrangement"), including but not
limited to the following terms and conditions:

(i) With regards to OCBC, the Company shall sell the building
known as 39, Tampines Street 92, MediaStream Building, Singapore
528883 (under an open tender duration of between four (4) to six
(6) weeks) and use the entire proceeds to satisfy OCBC's
outstanding debts as against the Company. Any remaining
outstanding debts as against the Company shall then be converted
into new Shares to be issued by the Company at the price of
SG$0.02 each.

(ii) With regards to all other creditors, all respective
outstanding debts as against the Company shall be converted into
Conversion Shares.

On 30 August 2004, the Company further announced that in
connection with the Proposed Acquisition the Company entered
into a Convertible Loan Agreement (CLA) with Safuan Group
International Limited, Pursuant to the Convertible Loan
Agreement, a convertible loan for a principle amount of up to
S$1.5 million shall be made by Safuan to the Company. The
Convertible Loan shall be convertible into new ordinary shares
in the Company at the conversion price of SG$0.01353 for each
share.

Further to the aforesaid announcement, the Company lodged an
Offer Information Statement ("OIS") pursuant to section 277 of
the Securities and Futures Act (Chapter 289) with the Monetary
Authority of Singapore on 13 September 2004. Subsequent to the
lodgement of the aforesaid OIS, the Company had on 17 September
2004 made an application to the Singapore Exchange Securities
Trading Limited for the listing and quotation of the Convertible
Loan Shares, which is currently under review.

In addition, the Company had on 7 October 2004 placed the MSL
Building for sale by tender by Colliers International
(Singapore) Pte Ltd. The tender for the MSL Building will close
on 5 November 2004.

As included in the terms of the Proposed Acquisition, the
Company intends to settle all outstanding balances with OCBC in
full. Accordingly, the Company proposes to enter into
discussions with OCBC, together with its professional advisers,
with a view to arriving at a satisfactory settlement in relation
to this issue.

The directors of the Company will notify shareholders in
subsequent announcements as and when there are any further
material developments in this matter.

By Order of the Board

George Thia Peng Heok
Executive Chairman
MediaStream Limited


PANPAC MEDIA: Notes Change in Shareholder's Interest
----------------------------------------------------
Panpac Media Group Limited on October 27 released a notice at
the Singapore Stock Exchange pertaining to the change in the
Percentage Level of Interest of Low Ka Choon Kevin.

Part I

(1) Date of notice to issuer: October 27, 2004

(2) Name of Director/Substantial Shareholder: Low Ka Choon Kevin

(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 26, 2004

(2) Name of Registered Holder: International Press Holdings Pte
Ltd

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

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

No. of shares held before the change: 65,962,588
As a percentage of issued share capital: 13.4407

No. of shares which are the subject of this notice: 1,000,000
As a percentage of issued share capital: 0.2037

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: S$0.095

No. of shares held after the change: 66,962,588
As a percentage of issued share capital: 13.6444

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/Substantial Shareholder, including
direct and deemed interest:
                                        Direct        Deemed
No. of shares held before change:       1,600,000    65,962,588
% of issued share capital:                  0.326       13.4407

No. of shares held after change:        1,600,000    66,962,588
% of issued share capital:                  0.326       13.6444

Note: Mr. Low Ka Choon Kevin is deemed to have an interest in
the 66,962,588 shares held in the name of International Press
Holdings Pte Ltd.

Submitted by:
Tan Min-Li
Company Secretary


PANPAC MEDIA: Shareholder's Interest Changes
--------------------------------------------
Panpac Media Group Limited on October 27 released a notice at
the Singapore Stock Exchange pertaining to the change in the
Percentage Level of Interest of Low Song Take.

Part I

(1) Date of notice to issuer: October 27, 2004

(2) Name of Director/Substantial Shareholder: Low Song Take

(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 26, 2004

(2) Name of Registered Holder: International Press Holdings Pte
Ltd

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

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

No. of shares held before the change: 65,962,588
As a percentage of issued share capital: 13.4407

No. of shares which are the subject of this notice: 1,000,000
As a percentage of issued share capital: 0.2037

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: SG$0.095

No. of shares held after the change: 66,962,588
As a percentage of issued share capital: 13.6444

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/Substantial Shareholder, including
direct and deemed interest:

                                            Direct        Deemed
No. of shares held before change:        6,117,647    65,962,588
% of issued share capital:                  1.2465       13.4407

No. of shares held after change:         6,117,647    66,962,588
% of issued share capital:                  1.2465       13.6444


Note: Mr. Low Song Take is deemed to have an interest in the
66,962,588 shares held in the name of International Press
Holdings Pte Ltd.

Submitted by:
Tan Min-Li
Company Secretary


PANPAC MEDIA: Posts Change In Shareholder's Interest
----------------------------------------------------
Panpac Media Group Limited on October 27 released a notice at
the Singapore Stock Exchange pertaining to the change in the
Percentage Level of Interest of International Press Holdings Pte
Ltd.

Part I

(1) Date of notice to issuer: October 27, 2004

(2) Name of Substantial Shareholder: International Press
Holdings Pte Ltd

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

Part II

(1) Date of change of interest:

(2) Name of Registered Holder:

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

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

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

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

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

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

Part III

(1) Date of change of interest: October 26, 2004

(2) The change in the percentage level: From 13.4407% to
13.6444%

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

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

The change in the percentage level is the result of a
transaction.

Part IV
(1) Holdings of Substantial Shareholder, including direct and
deemed interest:
                                             Direct    Deemed
No. of shares held before change:           65,962,588
% of issued share capital:                     13.4407

No. of shares held after change:            66,962,588
% of issued share capital:                     13.6444

Submitted by:
Tan Min-Li
Company Secretary


SUNTAX INDUSTRIES: Releases Dividend Notice
-------------------------------------------
Suntax Industries (Singapore) Pte Ltd. released its intended
dividend notice at the Singapore Government Gazette on October
22, 2004

Address of Registered Office: Formerly of 261 Waterloo Street
#03-28 Singapore 180261

Court: Supreme Court, Singapore

Number of Matter: Companies Winding Up No. 299 of 1993

Amount Per Centum: 67.5%

First and Final or otherwise: First & Final Dividend

When Payable: 30 September 2004

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

Sunari Bin Kateni
Assistant Official Receiver


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


DATAMAT PUBLIC: Unveils Outcome of BOD Meeting
----------------------------------------------
Datamat Public Company Limited advised the Stock Exchange of
Thailand on the resolutions passed during the Board of
Director's Meeting held on October 27, 2004 at 10:00 a.m.

(1) The Meeting resolves to approve the cancellation of the
resolution of the Board of Directors' Meeting No. 9/2007 which
resolved to set the closing date of register book for
identifying the shareholders' right to purchase the capital
increase shares and Warrants on November 3, 2004.

Therefore, the closing date of registry book for identifying the
shareholders' right to purchase the capital increase shares and
Warrants shall not be on November 3, 2004.  But the Board of
Directors shall consider setting the closing date of the
register book for such, right after the approval from the
Securities Exchange Commission (SEC), according its related
regulations.

(2) The Meeting resolves to appoint Phillip Securities
(Thailand) Public Company Limited to be the Company's Financial
Advisor to provide the opinion on the reasonable price of the
acquisition of the asset's transaction, and to assist the
Company on the issuance and offer of Warrants, according to the
related regulation of the SEC.

Yours Sincerely,
Kusol Sangkananta
Director and Secretary to the Board

CONTACT:

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


INTER FAR: Reports Progress of Rehab Plan
-----------------------------------------
With reference to the letter on the progress of the
Rehabilitation Plan, Inter Far East Engineering Public Company
Limited advised the Stock Exchange of Thailand (SET) regarding
the time period as follows:

The Company expects that a letter will be submitted to the
Official Receiver at the Central Bankruptcy Court in order to
request to leave the Rehabilitation Plan around the beginning of
November 2004 and expects that a 30 to 45 days extension time
from the date in the procedure mentioned above is needed.

Please be informed accordingly.

Sincerely yours,
Mr. Narong Taychachaiwong
(Mr. Narong Taychachaiwong)
Inter Far East Planner Company Limited

CONTACT:

Inter Far East Engineering Pcl
29 Soi Jitranukhroh,
Ramkhamhaeng 22 Road, Bang Kapi Bangkok
Telephone: 0-2318-3272
Fax: 0-2318-0574
Web site: www.ifct.co.th


THAI HEAT: SET Allows Trading of Securities
-------------------------------------------
Starting from 29 October 2004 the Stock Exchange of Thailand
(SET) allowed the trading of its securities after finishing
capital increase procedures due to the conversion of preferred
shares to common shares of Thai Heat Exchange Public Company
Limited (THECO).

Name: THECO

Issued and Paid up Capital

Old: THB568,029,000
Common Shares: THB503,432,000
Preferred Shares: THB64,597,000

New: THB568,029,000
Common Shares: THB512,988,000
Preferred Shares: THB55,041,000

Par value: THB10.00

Allocate to:  955,600 preferred shares convert to 955,600 common
shares

Ratio: 1 preferred share: 1 common share

Exercise Price:

Exercise Date: 30 September 2004

Note: THECO's preferred shares are not listed on the SET

CONTACT:

Thai Heat Exchange Pcl
1364 Ramkhamhaeng Road,
Suan Luang Bangkok
Telephone: 0-2318-2478-9, 0-2314-4582, 0-2319-1911-5
Fax: 0-2318-2655, 0-2319-4268
Web site: www.thaiheat.com


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                              Total
                                        Shareholders   Total
                                        Equity         Assets
  Company                      Ticker    ($MM)          ($MM)
  ------                       ------    ------------   -------

  CHINA & HONG KONG
  -----------------
Hainan DadongH-B               200613    (-5.15)       18.72
Hainan Dadong-A                000613    (-5.15)       18.72
Shenzhen China Bicycles-B
Co., Ltd.                      200017    (-203.9)      52.16
Shenzhen China Bicycles-A
Co., Ltd.                      000017    (-203.9)      52.16

  INDONESIA
  ---------
Barito Pacific Timber Tbk Pt    BRPT      (-50.67)     393.92
PT Smart Tbk                    SMAR      (-30.07)     430.99

  JAPAN
  -----

Fujitsu Comp Ltd                6719       (-46.88)    316.07
Prime Systems                   4830      (-100.79)     130.2

  MALAYSIA
  --------

Faber Group Bhd                 FAB      (-94.49)      388.49
Kemayan Corp Bhd                KOP      (-353.12)      84.89
Panglobal Bhd                   PGL       (-41.07)     187.79
Sri Hartamas Bhd                SHB      (-138.37)      24.48
YCS Corporation Bhd             YCS         28.34      160.27

  PHILIPPINES
  -----------

Pilipino Telephone Co.          PLTL     (-400.56)     115.91


  SINGAPORE
  ---------

Pacific Century Regional
Developments Ltd                 PAC      (-176.29)    1050.46

  THAILAND
  --------

Asia Hotel PCL                  ASIA       (-26.62)     96.21
Asia Hotel PCL                  ASIA/F     (-26.62)     96.21
Bangkok Rubber PCL              BRC        (-41.29)     80.14
Bangkok Rubber PCL              BRC/F      (-41.29)     80.14
Central Paper Industry PCL      CPICO      (-37.02)     40.41
Central Paper Industry PCL      CPICO/F    (-37.02)     40.41
Datamat PCL                     DTM           2.27      17.21
Datamat PCL                     DTM           2.27      17.21
National Fertilizer PCL         NFC        (-91.34)    293.84
National Fertilizer PCL         NFC/F      (-91.34)    293.84
PT Lippo Securities             LPPS       (-2.23)      17.6
Siam Agro-Industry Pineapple
And Others PCL                  SAICO      (-14.84)      13.32
Siam Agro-Industry Pineapple
And Others PCL                  SAIC0/F    (-14.84)      13.32
Thai Wah Public
Company Limited-F               TWC        (-47.17)     166.46
Thai Wah Public
Company Limited-F               TWC/F      (-47.17)     166.46
Tuntex (Thailand) PCL           TUNTEX     (-50.94)     398.25
Tuntex (Thailand) PCL           TUNTEX/F   (-50.94)     398.25






                            *********


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

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

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

This material is copyrighted and any commercial use, resale or
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                 *** End of Transmission ***