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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, November 12, 2004, Vol. 7, No. 225

                            Headlines

A U S T R A L I A

BYKARUMBA PTY: Court Appoints Mark Roufeil as Liquidator
CHARMAN LTD: Sets November 16 as Date of Final Meeting
CLAIRMONT-DALE PTY: Court Appoints Liquidator on ASIC's Request
CLARITY OILS: To Wind Up Voluntarily
COMPLETE WESTERN: To Undergo Winding Up Process

FC WHITE: Members Resolve to Wind Up Voluntarily
GRAB IT: To Face Winding Up Proceedings
HEAVEN WHOLESALE: Winds Up Voluntarily
HOPE PRODUCTIONS: Joint Meeting Slated for November 15
JAMES HARDIE: CSR Seeks Asbestos Compensation Documents

KIOSK 206: Appoints Joint and Several Liquidators
LEO BERRY: To Hold Joint Meeting on November 15
MERCURIAL RETAIL: Joint Meeting Slated for November 15
MILO CONSTRUCTION: Court Issues Winding Up Order
OMNI P.O.D.: To Wind Up Voluntarily

STONEPET PTY: Appoints Liquidator from Ferrier Hodgson
UNIQUE PROPERTY: Receives Winding Up Order
* ASIC Shuts Down Electronic Currency Trading Websites


C H I N A  &  H O N G  K O N G

BANK OF CHINA: International Clearing Venture Grows
CHINA SPECIALISED: Meetings Set November 17
FOREMOST BUILDING: Court To Hear Liquidators' Application
GAINCORP COMPANY: To Convene Meetings on November 19
HOP SHING: Winding Up Hearing Scheduled on November 24

JET GOING: Faces Bankruptcy Proceedings
JF CHINA: Creditors Must Submit Claims by December 8
MAGIC POWER: Enters Winding Up Proceedings
MANY WAYS: Court To Hear Winding Up Petition


I N D O N E S I A

ASTRA INTERNATIONAL: Forecasts 10% Revenue Growth in 2005
BANK MANDIRI: Seeks House Approval for Debt Write-off Scheme
BANK PERMATA: PPA Should Prioritize Stake Ownership Over Price
INDOFOOD SUKSES: Pursues Bond Issuance Plan


J A P A N

DAIEI INCORPORATED: Softbank Confident It Will Acquire Hawks
KOKUDO CORPORATION: To Comply with Buyback Requests
KOKUDO CORPORATION: Eyes Full Restructuring to Prop Up Seibu
MITSUBISHI MOTORS: Colt Model Wins Prestigious German Award
OMIYA SHASHINYOHIN: Enters Bankruptcy

RINGER HUT: JCR Affirms BBB- on Senior Debts
SOFTBANK CORPORATION: Back in Black on Broadband Growth


K O R E A

KOOKMIN BANK: To Consolidate Unions by January 1


M A L A Y S I A

ANTAH HOLDINGS: Releases Litigation Update
AVANGARDE RESOURCES: Unveils 2004 Quarterly Report
EKRAN BERHAD: Posts Audited Financial Statements
FORESWOOD GROUP: SC Rejects Debt Restructuring Proposal
KEMAYAN CORPORATION: Discloses 2004 Quarterly Report

KSU HOLDINGS: Judge Dismisses Injunction Application with Costs
KUB MALAYSIA: Releases FY04 Unaudited Quarterly Report
METROPLEX BERHAD: Monthly Default Status Unchanged
METROPLEX BERHAD: Court Adjourns Unit's Hearing Summons
PAN PACIFIC: Issues Default Status Update

PSC INDUSTRIES: SC Oks Application to Extend Proposal's Deadline
SAFEGUARDS CORPORATION: Seeks To Scrap Winding Up Petition
TRU-TECH HOLDINGS: Details Restructuring Scheme
WOO HING: Issues Restructuring Scheme Update


P H I L I P P I N E S

COLLEGE ASSURANCE: SEC Seeks Titles For Lots
COLLEGE ASSURANCE: Expects to Pay PhP15.5 Mln For Capital Hike
MANILA ELECTRIC: May Separate Units To Boost Results
NATIONAL POWER: Sta. Clara Wins Loboc Plant Bid


S I N G A P O R E

CHEONG ENG: Creditors To Prove Debts by December 6
CHINATEX SINGAPORE: Winding Up Order Made
GOODWOOD PARK: Posts Change in Shareholder's Interest
MAGNE ELECTROPLATING: Court Issues Winding Up Order
MTR CORPORATION: Reveals EGM Resolutions

PANPAC MEDIA: Appoints Director, Group Chief Financial Officer
PANPAC MEDIA: Notes Changes Within the Board of Directors
PANPAC MEDIA: Unveils the Details and Declaration of Mr. Li
UNITED IMCO: Creditors Must Submit Claims by December 3
WEE POH: High Court Orders AGM To Be Convened On Dec 2

WEE POH: Releases Media Response


T H A I L A N D

KRUNG THAI: Unveils Authorized Directors' Names
POWER P: Releases Rehabilitation Process Details
THAI PETROCHEMICAL: Court Approves Amended Reorganization Plan
THAI WAH: Releases Reviewed 3Q and Consolidated FS
* Large Companies With Insolvent Balance Sheets

     -  -  -  -  -  -  -  -

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


BYKARUMBA PTY: Court Appoints Mark Roufeil as Liquidator
--------------------------------------------------------
On the 28th of September 2004, the Supreme Court of New South
Wales Equity Division made Orders that Bykarumba Pty Limited (In
Liquidation) A.C.N. 058 084 932 be wound up and appointed Mark
Roufeil to be Official Liquidator of the Company.

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


CHARMAN LTD: Sets November 16 as Date of Final Meeting
------------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Charman Ltd (In Liquidation) A.C.N. 004 371 724 will be held at
the offices of Ferrier Hodgson, Level 29, 600 Bourke Street,
Melbourne, Victoria on 16 November 2004, at 10:00 a.m., for the
purpose of having an account laid before them showing the manner
in which the winding up has been conducted and the property of
the Company disposed of, and of hearing any explanations that
may be given by the Liquidator.

Dated this 4th day of October 2004

A.L. Brown
Liquidator
Ferrier Hodgson
Level 25, 140 William Street,
Melbourne Vic 3000


CLAIRMONT-DALE PTY: Court Appoints Liquidator on ASIC's Request
---------------------------------------------------------------
The Federal Court of Australia ordered that Clairmont-Dale Pty
Ltd (Clairmont-Dale) be wound up following an application by the
Australian Securities and Investments Commission (ASIC).

The Court appointed Mr. Gess Rambaldi, of Pitcher Partners, the
liquidator of Clairmont-Dale, which traded under the name
'Warwick Insurance Services'.

ASIC's investigation of Clairmont-Dale indicated that the
Company had no presence at its registered office, that nobody
claimed to be a shareholder of the Company, and that the only
person listed as a director of the Company claimed to have
resigned.

Under the Corporations Act 2001, proprietary companies are
required to have a registered office, at least one shareholder
and at least one director. Companies cannot function without
directors.

As a result of the Court order, the liquidator will now take
control of the affairs of Clairmont-Dale.

Clairmont-Dale carried on business as an insurance intermediary,
but ceased trading in around March 2004. ASIC commenced an
investigation after concerns were raised that some clients of
the Company may not have received insurance policies which they
believed Clairmont-Dale had arranged for them.

'ASIC suggests that former clients of Clairmont-Dale contact
their insurer, if they have not already done so, to confirm the
existence and terms of their insurance cover', Mr. Mark Steward,
Deputy Executive Director of Enforcement, said.

ASIC's investigations are continuing.


CLARITY OILS: To Wind Up Voluntarily
------------------------------------
At a general meeting of the members of Clarity Oils Pty Limited
(In Liquidation) A.C.N. 004 485 198 held at Via Nino Bonnet 10,
20154 Milan, Italy on 24 September 2004 a special resolution
that the Company be wound up voluntarily was passed.

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


COMPLETE WESTERN: To Undergo Winding Up Process
-----------------------------------------------
On the 28th of September 2004 the Supreme Court of New South
Wales Equity Division made Orders that Complete Western Roofing
Pty Limited (In Liquidation) A.C.N. 098 481 568 be wound up and
appointed Mark Roufeil to be Official Liquidator of the Company.

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


FC WHITE: Members Resolve to Wind Up Voluntarily
------------------------------------------------
Notice is hereby given that at an Extraordinary General Meeting
of FC White Family Holdings Pty Limited (In Liquidation) A.C.N.
000 828 008, duly convened and held at 22 Crescent Road, Mona
Vale on the 27th of September 2004 the following resolution was
duly passed as a Special Resolution:

(1) That the Company be wound up voluntarily and that Alan
Kenneth Moffat be appointed Voluntary Liquidator.

(2) That the liquidator be and is hereby authorized to
distribute all or any part of the assets of the Company in
specie to the shareholders of the Company in proportion to their
respective holdings.

Dated this 27th day of September 2004

By Order of the Board
Peter White
Secretary


GRAB IT: To Face Winding Up Proceedings
---------------------------------------
Notice is hereby given that, at a creditors meeting of Grab It
Accessories Pty Limited (In Liquidation) A.C.N. 099 518 108 held
on 27 September 2004 it was resolved that the Company be wound
up voluntarily and for such purpose Roderick Mackay Sutherland,
of Jirsch Sutherland Chartered Accountants was appointed
Liquidator.

Dated this 29th day of September 2004

Roderick Mackay Sutherland
Liquidator
Jirsch Sutherland
Chartered Accountants
Level 2, 84 Pitt Street,
Sydney NSW 2000


HEAVEN WHOLESALE: Winds Up Voluntarily
--------------------------------------
Notice is hereby given that, at a creditors meeting of Heaven
Wholesale Pty Limited (In Liquidation) A.C.N. 093 115 292 held
on 27 September 2004 it was resolved that the Company be wound
up voluntarily and for such purpose Roderick Mackay Sutherland,
of Jirsch Sutherland Chartered Accountants was appointed
Liquidator.

Dated this 29th day of September 2004

Roderick Mackay Sutherland
Liquidator
Jirsch Sutherland
Chartered Accountants
Level 2, 84 Pitt Street,
Sydney NSW 2000


HOPE PRODUCTIONS: Joint Meeting Slated for November 15
------------------------------------------------------
Notice is hereby given that a Joint Meeting of Members and
Creditors of Hope Productions (Aust.) Pty. Ltd. (In Liquidation)
A.C.N. 051 198 246 will be held at the Meeting Room, B.K. Taylor
& Co, 9th Floor, 608 St Kilda Road, Melbourne on Monday, 15
November 2004 at 3:00 p.m. for the purpose of laying before the
meeting an account of the Liquidator's acts and dealings and of
the conduct of the winding up.

Members and Creditors are advised that the Liquidator's accounts
of receipts and payments may be inspected at the offices of B.K.
Taylor & Co., 8th Floor, 608 St Kilda Road, Melbourne during
business hours.

Dated this 29th day of September 2004

Barry Keith Taylor
Liquidator
B.K. Taylor & Co
8/608 St Kilda Road,
Melbourne Vic 3004


JAMES HARDIE: CSR Seeks Asbestos Compensation Documents
-------------------------------------------------------
Building products producer CSR Limited has issued subpoena for
James Hardie Industries to produce documents in a compensation
case before the Dust Diseases Tribunal, says The Advertiser.

CSR, along with a former Hardie subsidiary, is seeking avenues
for legal action to force embattled James Hardie to share a
greater burden of asbestos compensation payouts.

Their incentive to pursue Hardie in Courts will depend upon the
outcome of talks between Hardie and Australian Council of Trade
Unions (ACTU) secretary Greg Combet over Hardie's recent offer
to meet the debts of its former asbestos subsidiaries
voluntarily.

Asbestos compensation claims are sometimes jointly made against
both CSR and one of James Hardie's former asbestos-manufacturing
subsidiaries, either Amaca or Amaba.

But claims cannot be made against James Hardie itself but
against either the new parent Company in The Netherlands or the
old parent Company in Australia, now known as ABN 60.

If CSR could prove that ABN 60 was indeed liable for some of the
asbestos-related suffering caused to victims, ABN 60 would have
to share some of the financial burden of the compensation.

CSR, which already paid a total of AU$350 million in
compensation, now has a provision of AU$324 million for all
future claims. The bulk of the claims relate to CSR's Wittenoom
blue asbestos mine in Western Australia, which was shut down in
1966.

James Hardie, on the other hand, cut itself from its liabilities
in 2001 when it relocated to the Netherlands and placed Amaca
and Amaba into a foundation.

It has infused AU$293 million into the foundation to meet all
future claims before an AU$1 billion shortfall was found.

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.


KIOSK 206: Appoints Joint and Several Liquidators
-------------------------------------------------
Notice is hereby given that at a general meeting of members of
Kiosk 206 Croissant Pty Ltd (In Liquidation) A.C.N. 076 134 962
held on 29 September 2004, it was duly resolved that the Company
be wound up voluntarily and that Antony de Vries and Riad Tayeh
of de Vries Tayeh, Level 3, 95 Macquarie Street, Parramatta NSW
2150 be appointed Joint and Several Liquidators.

Dated this 30th day of September 2004

Riad Tayeh
Joint Liquidator
de Vries Tayeh
Level 3, 95 Macquarie Street,
Parramatta NSW 2125


LEO BERRY: To Hold Joint Meeting on November 15
-----------------------------------------------
Notice is hereby given that a Joint Meeting of Members and
Creditors of Leo Berry Floor Coverings Pty. Ltd. (In
Liquidation) A.C.N. 090 689 508 will be held at the Meeting
Room, B.K. Taylor & Co, 9th Floor, 608 St Kilda Road, Melbourne
on Monday, 15 November 2004 at 3:30 p.m. for the purpose of
laying before the meeting an account of the Liquidator's acts
and dealings and of the conduct of the winding up.

Members and Creditors are advised that the Liquidator's accounts
of receipts and payments may be inspected at the offices of B.K.
Taylor & Co., 8th Floor, 608 St Kilda Road, Melbourne during
business hours.

Dated this 29th day of September 2004

Barry Keith Taylor
Liquidator
B.K. Taylor & Co
8/608 St Kilda Road,
Melbourne Vic 3004


MERCURIAL RETAIL: Joint Meeting Slated for November 15
------------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Mercurial Retail Group 1 Pty Ltd (In Liquidation) A.C.N. 102 426
586 will be held at the offices of Jones Condon Scott, Level 7,
313 LaTrobe Street, Melbourne Vic 3000 on 15 November 2004, at
9:30 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 30th day of September 2004

David H. Scott
Liquidator
Jones Condon Scott
Chartered Accountants
Level 7, 313 LaTrobe Street,
Melbourne Vic 3000


MILO CONSTRUCTION: Court Issues Winding Up Order
------------------------------------------------
Notice is hereby given that on 27 September 2004 the Supreme
Court of NSW, ordered the winding up of Milo Construction Pty
Limited (In Liquidation) A.C.N. 059 236 476 and Roderick Mackay
Sutherland was appointed as Official Liquidator of the Company.

Dated this 27th day of September 2004

Roderick Mackay Sutherland
Official Liquidator
Jirsch Sutherland Chartered Accountants
Level 2, 63B Market Street,
Wollongong NSW 2500
Telephone: (02) 4225 2545,
Facsimile: (02) 4225 2546


OMNI P.O.D.: To Wind Up Voluntarily
-----------------------------------
Notice is hereby given that at a General Meeting of Members of
Omni P.O.D. Pty. Ltd. (In Liquidation) A.C.N. 081 326 623 held
on the 14th of September 2004 a special resolution was passed
that the Company be wound up voluntarily and that Gregory Stuart
Andrews, 22 Drummond Street, Carlton 3053 be appointed
Liquidator.

Dated this 27th day of September 2004

G.S. Andrews
Liquidator
G S Andrews & Associates
Certified Practising Accountants
22 Drummond Street,
Carlton Vic 3053
Telephone: (03) 9662 2666,
Facsimile: (03) 9662 9544


STONEPET PTY: Appoints Liquidator from Ferrier Hodgson
------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Stonepet Pty Limited (In Liquidation) A.C.N. 004
000 659 held on 29 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,
Daniel I. Cvitanovic of Ferrier Hodgson, Chartered Accountants,
Level 1, 121-123 Crown Street, Wollongong NSW 2500 be appointed
Liquidator.

Dated this 29th day of September 2004

Daniel I. Cvitanovic
Liquidator
Ferrier Hodgson
Level 1, 121-123 Crown Street,
Wollongong NSW 2500


UNIQUE PROPERTY: Receives Winding Up Order
------------------------------------------
On the 28th of September 2004 the Supreme Court of New South
Wales Equity Division made Orders that Unique Property
Maintenance Pty Limited (In Liquidation) A.C.N. 101 840 671 be
wound up and appointed Mark Roufeil to be Official Liquidator of
the Company.

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


* ASIC Shuts Down Electronic Currency Trading Websites
------------------------------------------------------
The Australian Securities and Investments Commission (ASIC) has
acted to shut down a number of electronic currency exchange
businesses that operate on the Internet.

Following an examination of electronic currency trading
websites, ASIC became aware of three Australian-based businesses
that were operating such sites or were acting as agents for
similar businesses based overseas. These businesses exchanged
conventional currencies to electronic currencies and vice-versa,
and charged a commission for their services. These businesses do
not hold an Australian financial services (AFSL).

The Executive Director of Enforcement, Ms. Jan Redfern said that
consumers needed to be discerning about the financial products
available on the Internet while cautioning local businesses to
be careful about dealing in unregulated overseas based financial
products.

"If a business isn't properly registered with an AFSL then
consumers can't be sure about the quality of the product or
advice they are receiving. Remember, offering financial advice
or products without a license is illegal," Ms. Redfern said.

The companies, Stevens I.T. Pty Ltd, Sydney Gold Sales Pty Ltd
and Fountainhead Management Pty Ltd, which acted as an
Australian agent, cooperated with ASIC throughout its
investigation. They all withdrew the websites and closed down
their businesses voluntarily.

The websites involved were:

www.goldex.net;
www.sydneygoldsales.com; and
www.ozzigold.com.

Ms. Redfern said it was important that the operators of new and
emerging financial practices and products were familiar with
their legal responsibilities.

"Local businesses need to be aware that there are licensing
rules that they must adhere to. Businesses should be careful to
check what the law allows and avoid becoming involved with
financial products issued by unregulated offshore providers."

"Consumers must also be wary of the financial products and
advice they obtain via the Internet. While ASIC will continue to
carry out surveillance checks on financial products and
operators and, where appropriate, take action, consumers should
remember that people offering financial products and advice over
the internet are also required to be licensed and operate under
the same laws," Ms. Redfern said.

Electronic currencies, or e-currencies, are privately issued
currencies that are used to trade goods and services on the
Internet. The issuers of these electronic currencies are based
offshore. The most common of these currencies is e-gold which is
issued by e-gold Inc, based in the small West Indies country of
Nevis. Other electronic currencies include e-bullion, pecunix,
GoldMoney, EVOCash and WebMoney.

ASIC believes that such products can be defined as non-cash
payment systems and that people who deal in such products with
Australian consumers must hold an Australian financial services
license (AFSL).


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C H I N A  &  H O N G  K O N G
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BANK OF CHINA: International Clearing Venture Grows
---------------------------------------------------
Bank of China saw its international trading clearing business
surge 41.8 percent in the first ten months of the year to
US$287.182 billion, reports Xinhuanet.

The amount overtook last year's ten-month volume and is more
than twice that of 2000.

The bank's total market share for September among the Chinese
financial groups in the international trade clearing business
stood at 31.25 percent.

Its trade financing business grew rapidly as well. In the
previous year the bank's trade financing volume rose by 83
percent year on year, while in the first 10 months of this year,
the strong growth momentum was maintained, with total financing
volume overrunning the whole of last year and the growth rate
exceeding 80 percent.

The bank's interest income from trade financing was over CNY800
million (96.74 million US dollars).

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


CHINA SPECIALISED: Meetings Set November 17
-------------------------------------------
China Specialised Fibre Holdings will hold creditors and
contributories meetings on November 17, 2004 at 2:00 p.m. and
3:00 p.m., respectively. The place of the meeting will be at
Official Receiver's Office, 10th Floor, Queensway Government
Offices, 66 Queensway, Hong Kong

E T O'CONNELL
Official Receiver & Provisional
Liquidator


FOREMOST BUILDING: Court To Hear Liquidators' Application
---------------------------------------------------------
Pursuant to the directions made by Master S. Kwang of High
Court, a hearing has been fixed to be held on the 25th November
2004 at 10:30 a.m. at High Court, High Court Building, 38
Queensway, Hong Kong.

The Court will consider the application by the Provisional
Liquidators, Ting Koon Hung and Chan Chin Leung Fiona, under
Section 194 of the Companies Ordinance that Bruno Arboit and
Simon Richard Blade be appointed Joint and Several Liquidators
of The Incorporated Owners Of Foremost Building and a Committee
of Inspection be appointed to act with the Liquidators of The
Incorporated Owners Of Foremost Building.

Copies of the Provisional Liquidators' report of the First
Meetings of Creditors and Contributories can be obtained from
the Provisional Liquidators at the address below.

Dated this 9th day of November 2004

Ting Koon Hung
Chan Chin Leung Fiona
Joint and Several Provisional Liquidators of
The Incorporated Owners of Foremost Building
(In Liquidation)
15th Floor, Hang Seng Building
77 Des Voeux Road Central, Hong Kong
Phone: 2103 9888


GAINCORP COMPANY: To Convene Meetings on November 19
----------------------------------------------------
Notice is hereby given that, pursuant to Section 228A of the
Companies Ordinance, a meeting of the members of Gaincorp (HK)
Company Limited will be held at 10:00 am to be followed at 11:00
a.m. by a meeting of the creditors on 19th day of November 2004
at 19th Floor, No. 3 Lockhart Road, Wanchai, Hong Kong.

For the purpose of considering and receiving the latest
Statement of Affairs, any nomination of new liquidator(s) other
than the provisional liquidators as appointed by the Company on
25th October, 2004 and also to consider further matters relating
to Creditors' Voluntary Winding Up of the above named Company
pursuant to Sections 241, 242, 243, and 244 of the Companies
Ordinance.

Creditors may vote either in person or by proxy. Proxies used at
the meeting must be lodged at 19th Floor, No. 3 Lockhart Road,
Wanchai, Hong Kong not later than 12:00 noon 18th November 2004.

Dated this 9th day of November 2004.

By Order Of The Board
Cheung King Yuen
Director


HOP SHING: Winding Up Hearing Scheduled on November 24
------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of Hop
Shing Loong Lighting Limited by the High Court of Hong Kong
Special Administrative Region was on the 2nd day of October 2004
presented to the said Court by Super Profit Investment Limited
whose registered address is situated at 6th Floor, Yue Thai
Commercial Building, 128 Connaught Road Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 24th day of November 2004.

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

John Ku & Co
Solicitors for the Petitioner
6th Floor, Yue Thai Commercial Building
128 Connaught Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 23rd day of
November 2004.


JET GOING: Faces Bankruptcy Proceedings
---------------------------------------
Notice is hereby given that a Petition for the Winding up of Jet
Going Limited by the High Court of Hong Kong was on the 11th day
of October 2004 presented to the said Court by Lee Kam Cheong
Tom of Room 1329, Wang Yat House, Lok Fu Estate, Kowloon, Hong
Kong.

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

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

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

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


JF CHINA: Creditors Must Submit Claims by December 8
----------------------------------------------------
Notice is hereby given that the Creditors of JF China Investment
Company Limited, which is being voluntarily liquidated, are
required on or before the 8th day of December 2004 to send their
names, addresses and descriptions, full particulars of their
debts or claims, as well as the names and addresses of their
solicitors (if any) to the undersigned.

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

Dated this 26th day of October 2004.

Lo Wai Tsun
Joint and Several Liquidator
27th Floor, Chater House
8 Connaught Road Central
Hong Kong


MAGIC POWER: Enters Winding Up Proceedings
------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Magic Power Corporation Limited by the High Court of Hong Kong
Special Administrative Region was on the 25th day of October
2004 presented to the said Court by Smart Fortune Development
Limited whose registered address is situated at 72nd - 76th
Floor, Two International Finance Centre, 8 Finance Street,
Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 15th day of December 2004.

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

Chow, Griffiths & Chan
Solicitors for the Petitioner
Rooms 1902-4, 19th Floor, Hang Seng Building
77 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 14th day of
December 2004.


MANY WAYS: Court To Hear Winding Up Petition
--------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Many Ways Engineering Company Limited by the High Court of Hong
Kong Special Administrative Region was on the 28th day of
October 2004 presented to the said Court by Shanghai Commercial
Bank Limited whose registered address is situated at No. 12
Queen's Road Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 15th day of December 2004

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

Chow, Griffiths & Chan
Solicitors for the Petitioner
Rooms 1902-4, 19th Floor, Hang Seng Building
77 Des Voeux Road Central
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 14th day of
December 2004.


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


ASTRA INTERNATIONAL: Forecasts 10% Revenue Growth in 2005
---------------------------------------------------------
PT Astra International expects its 2005 revenue to climb 10
percent year-on-year mainly due to an increase in car and
motorcycle sales, according to Dow Jones.

Astra Finance Director John Slack is certain the revenue target
is "achievable", saying the growth of the national car and
motorcycle market looks promising next year due improved
consumer purchasing power.

In the nine months to September, Astra sold 154,386 cars in the
domestic market, compared with 112,616 units a year earlier,
expanding its market share to 44 percent from 42% percent,
previously.

In line with its goal to expand its business, Astra and its
Japanese counterpart Komatsu Limited are set to form a Company
that will lease heavy equipment, in a 50-50 joint venture. The
paid up capital will be US$20 million.

CONTACT:

P.T. Astra International Terbuka
No 8 Jl Gaya Motor Raya Sunter II
Jakarta 14330
Indonesia
Phone: +62 21 652 2555
Fax: +62 21 651 2058/59
Web site: http://www.astra.co.id/


BANK MANDIRI: Seeks House Approval for Debt Write-off Scheme
------------------------------------------------------------
Bank Mandiri will seek approval from the House of
Representatives to write-off its IDR21 trillion (US$230 million)
troubled debts, says The Jakarta Post.

The move would allow the bank to erase the troubled loans from
its balance sheet, eliminating the need to allocate huge
provisions to cover for them.

However, the write-off doesn't mean the loans become
"uncollectable", as Mandiri will retain the right to collect the
money and the collateral at a lesser amount.

In certain circumstances, the government is authorized to grant
a debt write-off through a presidential decree for debts worth
less than IDR100 billion. More than that, an approval from the
House is required.

Some of the troubled loans are ones that were the subject of
long legal disputes. But Mandiri director and corporate
secretary Nimrod Sitorus defended that none of the debts had
come from loan assets the bank purchased from the now-defunct
Indonesian Bank Restructuring Agency (IBRA).

Bank Mandiri was among the most active lenders that bought non-
performing loans (NPLs) taken over by IBRA from the banking
sector during the Asian economic crisis.

Of Mandiri's total bad loans, IDR4.6 trillion were those of an
individual size of below IDR5 million and are categorized as
loans owed by small and medium enterprises (SMEs).

As for the recovery-rate target, the bank is hopeful of
recovering around 30 percent to 50 percent of the outstanding
debts.

Meanwhile, the bank reportedly unloaded in June 2004 some IDR61
trillion to IDR173 trillion worth of recapitalization bonds it
received from the government during the crisis.

CONTACT:

PT Bank Mandiri
Jl Jend Gatot Subroto Kav 36-38
Jakarta 12190
Indonesia
Phone: +62 21 5299 7777/5296 4023
Web site: http://www.bankmandiri.co.id


BANK PERMATA: PPA Should Prioritize Stake Ownership Over Price
--------------------------------------------------------------
The Asset Management Company (PPA) is expected to prioritize the
distribution on share ownership of PT Bank Permata than the
stake price, according to Indoexchange, citing BNI banking
analyst Fendi Susiyanto.

Mr. Susiyanto was referring to the planned divestment of the
government's remaining 20 percent stake in Permata, which is set
for launch in mid-December this year.

According to him, dispersion in Permata share ownership would
impact on the application of corporate governance. Moreover, the
dispersed stock ownerships would boost the stake price, which
will generate more profits for the government.

Meanwhile, PPA has allowed the Standchart-Astra consortium to
join the bid for Permata's 20-percent stake.

The consortium was recently given formal clearance by the
Central Bank to acquire a 51-percent stake in Permata for
IDR2.77 trillion (US$304 million). The team was also named
"standby buyer" for the state's remaining 20 percent stake.

The 20-percent Permata stake sale was proposed to carry a price
similar to the previous divestment of the 51-percent stake in
the bank, equivalent to IDR704 per share or 2.72 times the
IDR258 per share book value in June 2004.

CONTACT:

PT Bank Permata Tbk.
Gedung Bank Bali
Jalan Jendral Sudirman Kav. 27
Jakarta 12920
Telephone: 021-52377899 (hunting)
Fax: 021-5237206/8


INDOFOOD SUKSES: Pursues Bond Issuance Plan
-------------------------------------------
PT Indofood Sukses Makmur Tbk will continue its plan to issue
Bond IV despite its falling behind schedule, says Indoexchange.

Indofood director Djoko Wibowo confirmed the Company is in talks
with its legal advisers and trustees about the repurchase of its
euro bonds in order to pave the way for the realization of the
plan to offer IDR1.75 trillion worth of Bond IV.

Proceeds from the bond issuance will be used to refinance debt,
which will make the Company's debt-to-equity ratio at 1:1 by the
end of 2005.

By the end of this year, Indofood expects to receive an
effective statement for bond issuance signed by the Capital
Market Supervisory Agency so the Bond IV could be offered in
January next year.

PT Trimegah Securities, PT Mandiri Sekuritas, PT Danatama Makmur
Securities and PT Nusantara Capital Securities were appointed as
underwriters for the issue.

CONTACT:

Indofood Sukses Makmur Tbk
Gedung Ariobimo Sentral,
12th Fl., Jl. H.R. Rasuna Said X-2 Kav
Jakarta 12950,
Indonesia
Phone: +62-21-522-8822
Fax: +62-021-522-6014


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


DAIEI INCORPORATED: Softbank Confident It Will Acquire Hawks
------------------------------------------------------------
Softbank Corporation is confident it will acquire Daiei
Incorporated's pro baseball club before the start of the next
season, according to The Japan Times.

Softbank chief executive Masayoshi Son said Wednesday the
Company is making solid progress in its bid for the Fukuoka
Daiei Hawks.

The Internet services provider and telecommunications Company
last month declared its intention to buy the baseball team from
the ailing retailer.

In a news conference, Softbank disclosed it is willing to buy
the rights of Colony Capital LLC, a U.S. investment fund who
bought the Fukouka Dome from Daiei and gained rights to sell
Hawks tickets and products.

A Colony executive earlier said Softbank has offered between
JPY10 billion and JPY15 billion for their rights.

However, Softbank refused to divulge how much it is willing to
pay for the team and Colony's rights.

CONTACT:

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


KOKUDO CORPORATION: To Comply with Buyback Requests
---------------------------------------------------
Kokudo Corporation has agreed to buy back the shares in Seibu
Railway Co. it sold to its business partners in August and
September, reports The Asahi Shimbun.

The scandal-hit firm decided to honor buyback requests of some
20 firms in a bid to make amends with affiliates who bought the
railway shares.

Kokudo has admitted it sold Seibu shares to more than 50
companies before Seibu revealed in October it has long been
tampering its financial statements to avert delisting from the
First Section of the Tokyo Stock Exchange.

However, experts believe the offer falls short of a blanket
buyback, as the JPY1,100 to JPY1,300  per share sale price is
well above Seibu's current stock price, which has plummeted by
more than half since the scandal broke.

Some of the purchasers are considering legal action to recover
their losses. But since Seibu's share price could bounce back,
just as it could continue to fall, calculating how much Kokudo
should offer in compensation becomes difficult.

After the buyback, Kokudo would have to reduce its Seibu
holdings to bypass a delisting rule that states the combined
ownership of a Company's top ten shareholders must not exceed 80
percent for one year or longer.


KOKUDO CORPORATION: Eyes Full Restructuring to Prop Up Seibu
------------------------------------------------------------
Embattled Kokudo Corporation is considering a full restructure
of its business in a bid to toss up its troubled parent, Seibu
Group, Japan Today says, citing Kyodo News.

Kokudo is now deciding on whether to keep its nearly 40 debt-
ridden sports and leisure facilities in business.

Recently, the Company has denied reports that it is selling the
Seibu Lions Professional baseball club as part of its
restructuring.

Kokudo has been embroiled in a string of financial scandals
after admitting its had falsified information on its
shareholdings with group firm Seibu Railway.

Since the revelation, the value of Seibu Railway shares held by
Kokudo dived sharply to JPY93 billion from JPY421.3 billion,
previously.


MITSUBISHI MOTORS: Colt Model Wins Prestigious German Award
-----------------------------------------------------------
Mitsubishi Motors Corporation announced that the Company's 5-
door Colt compact car produced in Europe was awarded the coveted
"Das Goldene Lenkrad" (Golden Steering Wheel) by the German
Sunday newspaper "Bild am Sonntag," published by Alex Springer
AG.

The European Colt was presented the award for its status as the
"Best in Class One (Small Car category)" in a ceremony held in
Berlin on November 10 and attended by some 400 representatives
of political and financial circles, print and TV media and the
world of sport.

Colt becomes the fourth Mitsubishi Motors model to win the
Golden Steering Wheel award, fol-lowing the Galant (Japanese
name: Galant-Sigma) in the mid-size category in 1984, the Colt
(Japanese name: Mirage) in the small car category in 1988, and
the Pajero (Shogun in U.K.) in the off-road category in 1992.

Mitsubishi Motors' Chairman and CEO Yoichiro Okazaki had the
following to say about the award: "I am delighted that Colt has
been presented the Golden Steering Wheel, an award distinguished
by its long history and prestigious status. The Colt series will
play a vital role in the continued growth of Mitsubishi Motors
operations in Europe, which moved into the black for the first
time in the 2003 fiscal year. In bestowing high critical acclaim
to Colt's product qualities, the award will serve to boost the
morale not only of personnel working in our European operations
but also of everyone in the Mitsubishi Motors group of companies
that is currently in the process of regenerating its op-
erational base."

The jury cited the quality of workmanship, versatility, seating
comfort, space offering, operating comfort, cost performance and
excellent road performance as the key factors in its decision to
award Colt the Golden Steering Wheel.

Seen by many as the equivalent of a German Car of the Year
award, the coveted Golden Steering Wheel was first presented in
1976 and this year celebrates its 29th anniversary. With a
readership of 10.7 million, the Bild am Sonntag boasts the
largest circulation for a Sunday newspaper in Europe and is way
ahead of other similar publications in terms of popularity and
influence. All new models launched on the German market during
that year are considered by the Golden Steering Wheel jury which
presents the award to the "Best Car" in each of several
categories such as small size, mid-size and large size. In the
Small Car category, Colt held off competition from such top
sellers as the smart forfour, Renault Modus, Fiat Idea, Peugeot
1007, Lancia Musa and the Kia Picanto. The jury's vote bears
testimony to the high critical acclaim accorded Colt in Germany,
a country that is as stringent in its assessment of automobiles
as Japan.

The award-winning European Colt is produced at Mitsubishi
Motors' subsidiary NedCar in Borne, the Netherlands. The series
had its European launch in May this year and recently added 1.1L
gasoline and diesel versions to its line up. In a move designed
to further expand sales in Europe, the Company plans to bring
the 3-door Colt CZ3 and the 150 PS turbocharged Colt CZT per-
formance model to market in early 2005.

Prior to its Golden Steering Wheel accolade, the European Colt
was voted "Car of the Year in Denmark 2005" by the Danish
Automotive Journalists Club and "Compact Car of the Year 2004"
by the Kampioen magazine published the Dutch Automobile
Association, ANWB.

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


OMIYA SHASHINYOHIN: Enters Bankruptcy
-------------------------------------
Miscellaneous wholesale trader Omiya Shashinyohin K.K. has
entered bankruptcy, according to Teikoku Databank America.

The firm, based in Sumida-ku, Tokyo 130-0026, left a total of
US$60.83 million in liabilities.

For more information, visit http://www.teikoku.com/or contact
office@teikoku.com or +1-212-421-9805.


RINGER HUT: JCR Affirms BBB- on Senior Debts
--------------------------------------------
The Japan Credit rating Agency Limited (JCR) has affirmed the
BBB- rating on senior debts of Ringer Hut Co., Ltd.

Rationale:

Ringer Hut announced in August that it would call on former COO
of McDonald's Japan as the new president. The strategy of Ringer
Hut will be revised by the assumption of the new president. It
plans to resume opening of new outlets, overhauling the existing
business styles.

JCR considers that the earnings power of Ringer Hut will be
lowered further if it fails to improve the operations of the
mainstay Nagasaki champon noodle restaurants, given the
unlikelihood of turnaround of business environment.

JCR will watch carefully the going of the next mid-term
management plan.

CONTACT:

Ringer Hut Co., Ltd.
1-6 Yutaka 1-Chome
Hakata-Ku Fukuoka 812-0042, Fukuoka 816-0082
Japan
Phone: +81 92 432 8700
Fax: +81 92 432 8701
Web site: http://www.ringer.co.jp/


SOFTBANK CORPORATION: Back in Black on Broadband Growth
-------------------------------------------------------
Softbank Corporation swung to black in the last quarter, as
income soared from its broadband services, says the Associated
Press.

The top Internet service provider, which invested in Internet
firms such as Yahoo Inc., booked a net profit of JPY11.8 billion
(US$112 million) for the three months through September,
offsetting its JPY42.6 billion loss a year ago.

The Company saw its sales climb to JPY156 billion (US$1.5
billion), up 287 percent from JPY122 billion, previously.

For the first semester of the current business year, Softbank's
loss came to JPY6 billion (US$57 million), compared to a JPY77
billion loss in the same period last year. Sales also went up 35
percent at JPY303.7 billion (US$2.9 billion) from JPY225
billion.

To view the Company's Interim Earnings Results, click on:
http://bankrupt.com/misc/TCRAP_SOFTBANKCORPORATION111104.pdf

CONTACT:

Softbank Corporation
24-1 Nihonbashi-Hakozakicho Chuo-ku
Tokyo 103-8501
Web site: http://www.softbank.co.jp/


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


KOOKMIN BANK: To Consolidate Unions by January 1
------------------------------------------------
Kookmin Bank will finally integrate its bulky organization after
its three labor unions agreed to merge Wednesday, reports The
Korea Herald.

According to Chief Executive Kang Chung-won, in January 1 next
year, Kookmin Bank, Housing & Commercial Bank and Kookmin Credit
Card will create a combined union that will pave the way to
resolve conflicts and unity in order to become the bank of
clients and the nation.

"Since union consolidation has been one of the most urgent
issues for Kookmin, the news brightens its future outlook
considerably," said Im Il-sung, a banking analyst at Meritz
Securities Co.

Kookmin Bank and Housing & Commercial Bank merged in 2001, but
their unions remained separated. The Kookmin Credit union was
added when the bank and credit card unit merged in September
last year.

Despite the union's agreement to merge, some disputes still
remain among the labor organizations as well as between
management and labor.

To be able to realize the unification plan, at least two-thirds
of the union members should vote in favor of the plan. Seventy
percent of the unions from Kookmin-H&C Bank and Kookmin credit
expressed their support to the plan in a survey, while Kookmin
Bank's approval rate only stood at some 56 percent.

"In addition, we have yet to decide how to operate the rotating
leadership system and some other details," said Lee Moo-sang, a
union leader from Kookmin Credit.

The bank's management and labor also reached an agreement on a
4.2 percent pay raise for regular staff and 50 percent of their
salary as a special bonus.

Employees of Kookmin Bank run to a total of 28,165 at the end of
June.  Some 8,000 are nonpermanent workers and will get an 8.4
percent wage increase.

Kookmin's management and labor also reached an agreement to
change at least 50 nonpermanent workers to full-time status each
year.

CONTACT:

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


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


ANTAH HOLDINGS: Releases Litigation Update
------------------------------------------
The Board of Directors of Antah Holdings Berhad announced the
following updates on the status of its involvement in litigation
for the period from 11 October 2004 to 10 November 2004. The
involvement in litigation has been divided into three categories
namely financial institutions, non-financial institutions and
corporate guarantee as listed below.

Case No.: Kuala Lumpur High Court Suit No. D6-22-240-2003 EON
Bank Berhad -vs- Antah Holdings Berhad

Status: 6 January, 2005/ Hearing for appeal to Judge In Chamber

Case No.: Kuala Lumpur High Court Suit No. D3-22--152-2003
Aseambankers Malaysia Berhad -vs- Antah Holdings Berhad

Status: The lawyer has filed the Appeal to the Court of Appeal
on 25 October 2004 against the Decision of the Judge.

There are no material developments to the other claims by
financial institutions against Antah.

Non-Financial Institutions

The status in respect of the claims made by the following non-
financial institutions:

Case No.: Kuala Lumpur High Court Suit No. S3-22-483-2003 Ng Ah
Hooi -vs-
Antah Holdings Berhad

Status: 7 December, 2004/ Case Management; 13 December, 2004/
Hearing of the Application to Strike Out the Plaintiff's Summons

Case No.: Shah Alam Sessions Court Smn No. 52-3319-2003 Sing
Motor Works Sdn. Bhd. -vs- Antah Holdings Berhad

Status: Attended Court on 18 October, 2004; Hearing for
Plaintiff's Summary Judgement Application adjourned to 10
January, 2005

Case No.: Kuala Lumpur Sessions Court Smn No. S8-52-16056-2003
Southern Investment Bank Berhad -vs- Antah Holdings Berhad

Status: 4 January, 2005/ Hearing for Plaintiff's Summary
Judgement Application

There are no material developments to the other claims by non-
financial institutions against Antah.

Corporate Guarantee

The status in respect of the claims made by the following
corporate guarantee, which have been provided by Antah:

Case No.: Kuala Lumpur High Court Suit No. D2-22-653-2003 Bank
Pertanian Malaysia -vs- (i) Pacific Asia Fishing Sdn. Bhd. (ii)
Antah Holdings Berhad

Status: 24 November, 2004/ Mention for Case Management; 7
December, 2004/ Mention

Case No.: Shah Alam Sessions Court Smn No. S4-52-4122-2003
Supermix Concrete (Malaysia) Sdn. Bhd. -vs- (i) Antah Tristar
Sdn. Bhd. (ii) Antah Holdings Berhad

Status: Attended Court on 2 November, 2004; Mention adjourned to
15 December, 2004

Case No.: Shah Alam Sessions Court Smn No. S2-5034-2003
Techvance Marketing Sdn. Bhd. -vs- (i) Antah Tristar Sdn. Bhd.
(ii) Antah Holdings Berhad

Status: Attended Court on 2 November, 2004; Mention adjourned to
15 November, 2004

Case No.: Kuala Lumpur High Court Suit No. S5-22-1427-2004
Kajang Heights Sdn. Bhd. & 3 others -vs- Naga Sakti Sdn. Bhd. &
Antah Holdings Berhad

Status: Settled out of Court

There are no material developments to the other claims against
companies where Antah has provided corporate guarantees.

CONTACT:

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


AVANGARDE RESOURCES: Unveils 2004 Quarterly Report
--------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Avangarde
Resources Berhad announced its unaudited quarterly report for
the financial period ended September 30, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            30/09/2004

                 INDIVIDUAL PERIOD        CUMULATIVE PERIOD
        CURRENT YEAR  PRECEDING YEAR CURRENT YEAR PRECEDING YEAR
          QUARTER    CORRESPONDING    TO DATE     CORRESPONDING
                       QUARTER                    PERIOD

           30/09/2004     30/09/2003  30/09/2004   30/09/2003
             RM'000          RM'000       RM'000      RM'000


1  Revenue
              39             8,106         1,194       39,678

2  Profit/(loss) before tax
            -1,654          -1,697         -5,378      -2,707

3  Profit/(loss) after tax and minority interest
            -1,654          -1,696         -5,378      -2,782

4  Net profit/(loss) for the period
            -1,654          -1,696         -5,378      -2,782

5  Basic earnings/(loss) per shares (sen)
             -3.78          -3.88          -12.29      -6.36

6  Dividend per share (sen)
              0.00          0.00           0.00         0.00

      AS AT END OF      AS AT PRECEDING
     CURRENT QUARTER    FINANCIAL YEAR
                            END
7 Net tangible assets per share (RM)

         0.9045            1.0321

For more information, go to
http://bankrupt.com/misc/tcrap_avangarde111104.xls


EKRAN BERHAD: Posts Audited Financial Statements
------------------------------------------------
In compliance with paragraph 9.19(35) of the Listing
Requirements of Bursa Malaysia Securities Berhad, Ekran Berhad
announced the following qualifications as stated in the external
auditors' report of the Company for the financial year ended 30
June 2004:

(1) As disclosed in Note 19 to the financial statements, the
advances to an associated Company, Wembley Industries Holdings
Berhad (WIHB) and its subsidiary, amounting to RM98.9 million as
at 30 June 2004, do not appear to be in compliance with the
provisions of the Companies Act, 1965, in relation to advances
to persons connected with a director of the Company. Although
the relevant director has no direct interest in the associated
Company, the associated Company is deemed to be a person
connected to the director by virtue of the director's interests
in shares in the Company. In addition, the recoverability of the
advances is subject to the successful implementation of WIHB's
debt restructuring scheme as disclosed in Note 19 to the
financial statements, which in turn is subject, inter alia, to
the Company subscribing for its full rights issue entitlement
amounting to RM23.7 million.

(2) As disclosed in Note 30(c) to the financial statements, the
Company received a proposed offer from Tan Sri Dato' Paduka (Dr)
Ting Pek Khiing (Tan Sri Ting) in 2001 for a revised settlement
for a sum of RM564.0 million out of the total RM712.9 million
owing by Tan Sri Ting to the Company, i.e. a discount of RM148.9
million. In 2001 Tan Sri Ting had effected repayment of RM246.5
million, thus leaving a balance of RM466.4 million prior to
consideration of the proposed discount. In the auditors' report
for the previous financial year, the auditors had opined that a
provision for doubtful recovery of RM148.9 million should have
been recognized in that financial year. A provision for doubtful
recovery has been made in the current financial year for the
RM148.9 million discount leaving a net balance of RM317.5
million in the financial statements. Had the provision been made
in the appropriate financial year, the loss before taxation for
the current financial year would have decreased by RM148.9
million with a corresponding increase in the reported loss for
the comparative financial year. Further, in view of the
uncertainty regarding the ability of Tan Sri Ting to fulfill his
remaining obligations, we are unable to ascertain whether any
further provision for doubtful recovery is required. The
financial statements of the Group and of the Company do not
include any further provision for doubtful recovery of the
amount owing by Tan Sri Ting to the extent any such amount may
not be finally recoverable.

(3) As disclosed in Note 11(b) to the financial statements,
included in the property, plant and equipment of the Group is a
resort known as Samal Casino Resort (Resort) with a carrying
value of RM37.1 million as at 30 June 2004. The Resort is
situated in Kaputian, Island Garden City of Samal Philippines.
The Resort had ceased operations since 15 June 2000 and the
Group is currently seeking a suitable buyer for the Resort. A
valuation on the Resort assets was performed on 30 July 2004.
However, the valuation report disclosed that the valuation
exercise did not include an examination of the property nor did
it consider additions or deductions that may have been made
since the last appraisal dated 4 August 2001. As the Resort had
ceased operations since 2000, and as the valuation amount is
conditional, the auditors are unable to ascertain as to whether
the stated carrying value of the Resort as at 30 June 2004 is
recoverable.

(4) As mentioned in Note 14 to the financial statements,
leasehold land held for development by a subsidiary, Langkasuka
Marina Development Sdn. Bhd., with the carrying value of RM620
million as at 30 June 2003, relates to a reclamation and
development project in Pulau Langkawi, Kedah. The development
activity on the project had been suspended since previous years
pending availability of funds, and the Company is currently
assessing the viability of the project. A valuation was
performed on the above land on 26 June 2004 based on the
Comparison Method. However, due to the significance of the asset
to the financial statements as a whole and the uncertainty
regarding its recoverability, the auditors consider that it
should be brought to the shareholders' attention.

(5) Included in the trade and other receivables of the Group and
of the Company are amounts due from Mashyur Mutiara Sdn. Bhd.
and Accruvest Hotel Management Sdn. Bhd. amounting to RM17.6
million and RM12.8 million respectively as at 30 June 2004.
These companies are amongst the companies or hotel companies to
be acquired by the Company as disclosed in Note 30 to the
financial statements. At the date of this report, the amounts
due from Mashyur Mutiara Sdn. Bhd. and Accruvest Hotel
Management Sdn. Bhd. amounted to RM16.5 million and RM12.3
million respectively. No provision for doubtful recovery has
been made in the financial statements on the balance of these
amounts as the directors are of the opinion that these amounts
are recoverable. However, in view of the relatively small amount
of repayment by these companies to-date, the auditors are unable
to ascertain the recoverability of these debts.

(6) Included in the financial statements of the Company are
amounts due from its subsidiaries, namely Ekran Holdings
(Philippines) Inc. and Ekran Project Management Sdn. Bhd. of
RM132.5 million and RM239.6 million respectively as at 30 June
2004. Ekran Holdings (Philippines) Inc. is the owner of the
Samal Casino Resort, which is referred to in item 3 above. The
financial statements as at 30 June 2004 of these companies
reflected shareholders' deficits. The directors are of the
opinion that no provision for doubtful recovery is required as
the amounts are recoverable. However, the auditors are unable to
obtain sufficient appropriate audit evidence as to the
recoverability of these debts.

(7) As disclosed in Note 13 to the financial statements, the
audited financial statements for the years ended 30 June 2004
and 2003 of a subsidiary, Sino Malaysia Art and Culture Co.
Limited, have not been made available to us as at the date of
this report. The Group has used the unaudited management
financial statements of this subsidiary as at 30 June 2004 and
2003 in the preparation of the consolidated financial
statements. The aggregate summary of the unaudited financial
positions as at 30 June 2004 and 2003 and the results and cash
flows of this subsidiary for the years then ended, included in
the Group's consolidated financial statements, are disclosed in
Note 13 to the financial statements. The auditors have not been
able to obtain sufficient appropriate audit evidence regarding
the financial statements of this subsidiary that have been
included in the consolidated financial statements.

In view of the significance of the matters as stated above, the
auditors are unable to form an opinion as to whether the
financial statements of the Company have been prepared in
accordance with the provisions of the Companies Act, 1965 and
applicable Approved Accounting Standards in Malaysia as to give
a true and fair view of:

1. The financial position of the Group and of the Company as at
30 June 2004 and of the results and the cash flows of the Group
and of the Company for the year then ended; and

2. The matters required by Section 169 of the Companies Act,
1965 to be dealt with in the financial statements.

For more information, go to
http://bankrupt.com/misc/tcrap_ekran111104.pdf

CONTACT:

Ekran Berhad
Jalan Parlimen
Kuala Lumpur, SARAWAK 50480
MALAYSIA
+60 82 236908
+60 82 236922

This announcement is dated 29 October 2004


FORESWOOD GROUP: SC Rejects Debt Restructuring Proposal
-------------------------------------------------------
Foreswood Group Berhad (FGB) refers to its announcements dated
21 July 2003, 20 January 2004, 19 March 2004 and 12 July 2004 in
relation to the Proposed Corporate Debt Restructuring Scheme of
the Company.

On behalf of FGB, Public Merchant Bank Berhad announced that the
Securities Commission (SC) had vided its letter dated 8 November
2004, which was received on 10 November 2004, informed that the
application made by FGB in relation to the Proposed Corporate
and Debt Restructuring Scheme has been rejected based on the
following reasons:

(i) the Proposed Corporate and Debt Restructuring Scheme is not
comprehensive.

The SC is of the view that the Proposed Corporate and Debt
Restructuring Scheme of FGB submitted to the SC is not
comprehensive based on the following factors:

(a) After the implementation of the said scheme, FGB still has
accumulated losses amounting to RM57.5 million which is only
expected to be fully written down in the financial year ending
31 December 2013 based on the assumption that FGB is able to
achieve projected profit after tax as per the submission;

(b) FGB is only able to show positive cash flow from operating
activities commencing from the financial year 2006 after the
implementation of the said scheme;

(c) FGB will still be with interest payments on a total of RM20
million term loan which is to be restructured into a six-(6)
year term loan at an interest rate of 7% per annum; and

(d) there is a high probability that the future income of FGB
would not be able to support the enlarged share capital
(following the conversion of loans stocks and warrants into new
ordinary shares) in view that the proposed scheme does not
involve injection of new income generating assets and there are
also concerns on whether the existing business of FGB can be
restored to its expected level; and

(ii) the proposed two-call rights issue of FGB will create new
securities which is not represented by assets.

As at 30 June 2004, FGB has a deficit shareholders' funds
amounting to RM253 million. This means that the issued and paid
up share capital of FGB amounting to RM57.1 million and the
share premium of FGB amounting to RM49.5 million is no longer
represented by assets. Therefore, the second call for the
proposed rights issue of FGB which shall be capitalized from the
share premium amounting to RM28.6 million will create new
securities that are no longer represented by assets.

Following the abovementioned decision by the SC, the Board of
Directors of FGB intends to appeal to the SC to reconsider its
decision.

CONTACT:

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

This announcement is dated 10 November 2004.


KEMAYAN CORPORATION: Discloses 2004 Quarterly Report
----------------------------------------------------
Kemayan Corporation Berhad released its unaudited quarterly
report for the financial period ended August 31, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            31/08/2004

                 INDIVIDUAL PERIOD        CUMULATIVE PERIOD
        CURRENT YEAR  PRECEDING YEAR CURRENT YEAR PRECEDING YEAR
          QUARTER    CORRESPONDING    TO DATE     CORRESPONDING
                       QUARTER                    PERIOD

         31/08/2004   31/08/2003     31/08/2004     31/08/2003
           RM'000      RM'000         RM'000         RM'000


1 Revenue
            1,508        7,480         1,508           7,480

2  Profit/(loss) before tax
           -27,145     -23,028        -27,145         -23,028

3  Profit/(loss) after tax and minority interest
           -27,335     -23,128        -27,335         -23,128

4  Net profit/(loss) for the period
           -27,335     -23,128        -27,335         -23,128

5  Basic earnings/(loss) per shares (sen)
           -7.50        -6.34         -7.50           -6.34

6  Dividend per share (sen)
            0.00          0.00        0.00             0.00


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

7  Net tangible assets per share (RM)

                -4.1700         -4.1000

For more information, go to
http://bankrupt.com/misc/tcrap_kemayan110204.xls

CONTACT:

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


KSU HOLDINGS: Judge Dismisses Injunction Application with Costs
---------------------------------------------------------------
Further to the announcements dated 24 September 2003, 7 October
2003, 10 October 2003, 11 December 2003, 18 February 2004, 9
July 2004, 15 October 2004 and 5 November 2004, KSU Holdings
Berhad announced the following in respect of the Kuala Lumpur
High Court Suit No. D6-22-308-2003 (D6 Suit), which was heard in
Court on 9 November 2004:

1. The Judge has dismissed the Company's application for a
Stay/Erinford Injunction (Application) with costs. The Company
is in consultation with its legal advisor as to the future
conduct of this matter.

2. The Company's Application to strike out the counterclaim
filed by the Defendants will be heard on 20 January 2005.

CONTACT:

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


KUB MALAYSIA: Releases FY04 Unaudited Quarterly Report
------------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, KUB
Malaysia Berhad announced its unaudited quarterly report for the
financial period ended September 30, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            30/09/2004

                 INDIVIDUAL PERIOD        CUMULATIVE PERIOD
        CURRENT YEAR  PRECEDING YEAR CURRENT YEAR PRECEDING YEAR
          QUARTER    CORRESPONDING    TO DATE     CORRESPONDING
                       QUARTER                    PERIOD

           30/09/2004     30/09/2003  30/09/2004   30/09/2003
             RM'000          RM'000       RM'000      RM'000


1  Revenue
            202,486          142,933      561,968     414,422

2  Profit/(loss) before tax
            317              -6,900       41,488      -33,155

3  Profit/(loss) after tax and minority interest
           -2,986            -8,372       34,465      -36,371

4  Net profit/(loss) for the period
           -2,986            -8,372       34,465      -36,371

5  Basic earnings/(loss) per shares (sen)
           -0.58             -1.66         6.72       -7.21

6  Dividend per share (sen)
           0.00              0.00          0.00        0.00

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

7 Net tangible assets per share (RM)

             0.8100           0.6900

For a copy of its consolidated income statement, go to
http://bankrupt.com/misc/tcrap_kub111104.doc

CONTACT:

KUB Malaysia Berhad
No. 6, Block H
Jalan 65C
Off Jalkan Pahang Barat
53000 Kuala Lumpur
Phone: 03-421 4121
Fax: 03-423 3090


METROPLEX BERHAD: Monthly Default Status Unchanged
--------------------------------------------------
Further to Metroplex Berhad's announcement made on 12 October
2004 relating to its default in payment pursuant to the Practice
Note No. 1/2001 (PN1), the Company announced that there has been
no change in the status in the default in payment of the Group's
various loan facilities with the financial institutions since
then.

The estimated amount of default as at 31 October 2004 is
RM1,620,784,498.35 as detailed in Table A at
http://bankrupt.com/misc/tcrap_metroplex111104.XLS

The Company is currently in negotiations with its lenders on the
Proposed Composite Schemes of Arrangement (Proposed Scheme)
under Section 176(10) of the Companies Act, 1965, which will
essentially address the default in payment. Upon the
finalization of the Proposed Scheme, an announcement will be
made to the Bursa Securities.

CONTACT:

Metroplex Berhad
1st Floor Wisma Equity
150 Jalan Ampang
50450 Kuala Lumpur,
Malaysia
Telephone: 03-2618911

This announcement is dated 10 November 2004.


METROPLEX BERHAD: Court Adjourns Unit's Hearing Summons
-------------------------------------------------------
Further to our announcement dated 5 November 2004 in relation to
the summons served on Metroplex Berhad's subsidiary Legend
International Resorts Limited (LIR) for appointment of
provisional liquidators for LIR, the solicitors advised the unit
that the said summons for hearing on 10 November 2004 has been
adjourned indefinitely and no decision was made on the said
summons.

The Company will keep Bursa Malaysia Securities Berhad informed
of any further developments.

CONTACT:

Metroplex Berhad
1st Floor Wisma Equity
150 Jalan Ampang
50450 Kuala Lumpur,
Malaysia
Telephone: 03-2618911

This announcement is dated 10 November 2004.


PAN PACIFIC: Issues Default Status Update
-----------------------------------------
The Board of Directors of Pan Pacific Asia Bhd (PPAB) announced
that the Default in Payment as at 31 October 2004 of PPAB and
its subsidiaries is in accordance with the Practice Note 1/2001.

The Company wishes to inform that there are no material changes
in its status of default from the date of the last announcement
until 31 October 2004.

For more information, go to
http://bankrupt.com/misc/tcrap_panpacific111204.xls

CONTACT:

Pan Pacific Asia Berhad
Unit No. 602B,
Level 6, Tower B,
Uptown 5, 5 Jalan SS21/39,
Damansara Uptown,
47400 Petaling Jaya,
Selangor
Phone: 03-77278168
Fax: 03-77271622


PSC INDUSTRIES: SC Oks Application to Extend Proposal's Deadline
----------------------------------------------------------------
PSC Industries Berhad announced that the Securities Commission
had, vide its letter dated 5 November 2004 (received on 9
November 2004) approved the Company's application for extension
of the deadline to complete the Revised Proposals from 15
October 2004 up to 31 December 2004.

The "Revised Proposals" are as follows:

Proposed Debt Restructuring; and
Proposed Restricted Offer for Sale.

CONTACT:

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

This announcement is dated 10 November 2004.


SAFEGUARDS CORPORATION: Seeks To Scrap Winding Up Petition
----------------------------------------------------------
Further to the announcements made on 9 November 2004 regarding
the Winding-Up Petition filed by Rampai Town Centre Sdn Bhd
(RTC), the Board of Directors of Safeguards Corporation Berhad
announced that an application to strike out the winding-up
Petition has been filed at the Shah Alam High Court accompanied
by a Certificate of Urgency.

Safeguards have also through their solicitors given notice to
RTC's solicitors that Safeguards have filed an application to
strike out the Petition and that Safeguards have on 10 November
2004 deposited a banker's cheque in the sum of RM306,898.02 with
Safeguards' solicitors to be held by Safeguards' solicitors as
stakeholders pending the determination of RTC's disputed claim
in the Civil Court.

Safeguards is of the view that the Winding-Up Petition is
scandalous and/or an abuse of process for the following reasons:

(i) RTC and one Rampai Estates Development Sdn Bhd (RED) had
filed a Summons in Kuala Lumpur Sessions No. 6-52-12492-2003
(said Summons) against Safeguards and thereafter applied for
Summary Judgment therein for RM123,296.15 for inter-alia
maintenance charges and overdue interest.

(ii) After Safeguards filed their Defence and Affidavit to
oppose the application for Summary Judgment, RTC and RED
withdrew their application for Summary Judgment and Summons on
27 September 2004 with liberty to file afresh and were ordered
to pay Safeguards costs of RM1,000/- for defending the Summons.

(iii) Meanwhile, RTC had by a demand dated 8 July 2004
purporting to be under Section 218 of the Companies Act served
on one of Safeguards' subsidiary, namely Safeguards Securicor
Sdn Bhd (SS) on 28 July 2004, the receipt of which was
purportedly acknowledged by a clerk of Safeguards.

(iv) However, the fact that a Section 218 Notice dated 8 July
2004 was addressed to Safeguards but "chopped" received by SS on
28 July 2004 was not brought to the attention of the Directors
of Safeguards until 9 November 2004 when the Winding-Up Petition
was received by Safeguards at 3:30 in the afternoon.

(v) The Directors of Safeguards were only alerted of the
existence of the Winding-up Petition after the advertisement of
the Winding-Up Petition appeared in the New Straits Times on 9
November 2004.

(vi) The Winding-Up Petition was only served at 3:30 p.m. on 9
November 2004, i.e. AFTER the advertisement appeared in the New
Straits Times.

(vii) Safeguards has since appointed solicitors and has
immediately filed an application in Court on 10 November 2004 to
strike out the winding-up Petition as being scandalous,
frivolous, vexatious and/or an abuse of process in view of the
fact that RTC's claim is disputed by Safeguards.

(viii) Safeguards has also informed RTC's solicitors that
Safeguards has deposited a banker's cheque in the sum of
RM306,898.02 with Safeguards' solicitors to be held as
stakeholders pending the determination of the dispute with RTC
by the Civil Court.

(ix) Safeguards wish to state for the record that RTC has failed
to filed any fresh Summons let alone obtained any judgment after
RTC had withdrawn their Summons and application for Summary
Judgment in the Kuala Lumpur Sessions Court.

(x) Currently, RTC has failed to settle the costs of RM1,000/-
ordered by the Kuala Lumpur Sessions Court to be paid to
Safeguards.

(xi) Safeguards has also been advised by their solicitors that
in view of the fact that:

a. RTC's claim is highly disputable;
b. RTC has no judgment to ground its Winding-Up Petition;

The Winding-Up Petition would very likely be struck out by the
High Court.

CONTACT:

Safeguards Corporation Berhad
Unit A-3-1,
Wisma HB,
Megan Phileo Avenue,
No. 12, Jalan Yap Kwan Seng,
50450 Kuala Lumpur
Tel: 03-21613633
Fax: 03-21625633

This announcement is dated 10 November 2004.


TRU-TECH HOLDINGS: Details Restructuring Scheme
-----------------------------------------------
On 27 February 2004, the Board of Directors of Tru-Tech Holdings
Berhad announced that the Company was classified as an affected
listed issuer pursuant to paragraph 2.1 (a) of Practice Note
PN4/2001 of the Listing Requirements of Bursa Malaysia
Securities Berhad (Bursa Securities) (First Announcement).

Pursuant to the First Announcement, the Company is required to
announce its detailed plan to regularize its financial condition
(Requisite Announcement) within six (6) months from the date of
the First Announcement, i.e. 27 August 2004. Avenue Securities
Sdn Bhd (Avenue) announced on 26 August 2004 that the
application for an extension of time for a period of three (3)
months from 28 August 2004 to 27 November 2004 for Tru-Tech to
release its Requisite Announcement had been approved by Bursa
Securities.

On 27 May 2004, Avenue, on behalf of the Company, announced that
Tru-Tech had on 26 May 2004 entered into an agreement
(Agreement) with Yap Sing Lee, Yap Seng Maw and Yap Sheng Poo
(Vendors) wherein Tru-Tech and the Vendors agreed to undertake a
restructuring scheme with the intention of restoring Tru-Tech
onto stronger financial footing via an injection of a new viable
business.

On 30 August 2004, Avenue, on behalf of Tru-Tech, announced that
Tru-Tech and its subsidiaries, namely Tru-Tech Electronics (M)
Sdn Bhd (TTE) and Tru-Tech Technology Sdn Bhd (TTT) had been
granted a restraining and stay order for a period of ninety (90)
days effective from 28 August 2004 up to 25 November 2004 by the
High Court pursuant to Section 176(10) of the Companies Act,
1965 (Act).

On behalf of the Board, Avenue wishes to announce that Tru-Tech
had on 9 November 2004 entered into a master agreement (Master
Agreement) with the Vendors and Renewed Group Sdn Bhd (RGSB), a
Company incorporated to serve as the holding Company to
facilitate the implementation of the Proposed Restructuring
Scheme.

In order to give effect to the Master Agreement, RGSB had on 9
November 2004 entered into a share sale agreement (Share Sale
Agreement) with the Vendors to acquire 10,000,000 ordinary
shares of RM1.00 each representing the entire issued and paid-up
share capital of Renewed Development Sdn Bhd (RDSB). In
addition, RGSB had on 9 November 2004 entered into a disposal
agreement (Disposal Agreement) with Makna Damai Sdn Bhd (MDSB)
for the disposal of the entire equity interest of Tru-Tech.

Briefly, the Proposed Restructuring Scheme to be undertaken
shall entail the following:

(i) Proposed capital reconstruction involving:

(a) proposed reduction of the existing issued and paid-up share
capital of Tru-Tech of RM43,098,439 comprising 43,098,439
ordinary shares of RM1.00 each (Tru-Tech Shares) into
RM4,309,844 comprising 43,098,439 ordinary shares of RM0.10 each
(assuming the 8,377,350 Tru-Tech warrants 1996/2006 (Tru-Tech
Warrants) are not exercised on or before the entitlement date
for the Proposed Capital Reduction (as defined herein) (Proposed
Capital Reduction);

(b) proposed consolidation of 43,098,439 ordinary shares of
RM0.10 each in Tru-Tech into 4,309,844 Tru-Tech Shares (Proposed
Consolidation);

(c) proposed cancellation of the entire issued and paid-up share
capital of Tru-Tech of RM4,309,844 comprising 4,309,844 Tru-Tech
Shares, resulting in a credit reserve of RM4,309,844 arising in
the accounts of Tru-Tech (Proposed Cancellation);

(d) in consideration for the Proposed Cancellation, RGSB shall
allot and issue to the shareholders of Tru-Tech, one (1) new
ordinary share of RM1.00 each in RGSB (RGSB Share) at par,
credited as fully paid-up on the basis of the every one (1) Tru-
Tech Share held after the Proposed Consolidation (Proposed Share
Exchange); and

(e) forthwith and contingent upon the Proposed Cancellation,
Tru-Tech shall apply an amount of RM4,309,844 out of the credit
reserve arising in paying in full at par, 4,309,844 Tru-Tech
Shares which shall be allotted and issued, credited as fully
paid-up to RGSB;

(collectively, the Proposed Capital Reconstruction)

(ii) Proposed debt settlement exercise with the creditors of
Tru-Tech involving a scheme of arrangement and compromise in
respect of amounts owing of approximately RM104.3 million as at
31 March 2004 (Proposed Scheme of Arrangement with Creditors);

(iii) Proposed acquisition by RGSB of the entire issued and
paid-up share capital of RDSB, from the existing shareholders of
RDSB (including the Vendors) for an indicative purchase
consideration of RM210,000,000, to be satisfied by the issuance
of 210,000,000 new RGSB Shares (Consideration Shares) at RM1.00
each (Proposed Acquisition);

(iv) Pursuant to the Master Agreement, RGSB will issue and allot
60,000,000 RGSB Shares to Ambang Budi Sdn Bhd (ABSB) at par,
pursuant to exchanges of letters between Hartaplus Realty Sdn
Bhd (HRSB), a wholly-owned subsidiary Company of RDSB, RDSB and
ABSB on 8 November 2004 (Supplemental JVA) which have the effect
of amending certain terms and conditions of a joint venture
agreement dated 1 October 2003 entered into between ABSB and
HRSB and RDSB (JVA) (Proposed JVA Settlement);

(v) Upon completion of the Proposed Acquisition, the Vendors
shall collectively own more than 33% of the resultant enlarged
issued and paid-up share capital of RGSB. Pursuant to the
Malaysian Code on Takeovers and Mergers, 1998 (Code), the
Vendors and parties-acting-in-concert with the Vendors would be
required to extend a mandatory offer to acquire the remaining
RGSB Shares not owned by them upon completion of the Proposed
Acquisition.

In this respect, the Vendors and parties-acting-in-concert
intend to apply to the Securities Commission (SC) for an
exemption from having to undertake a mandatory offer (Proposed
Exemption);

(vi) Proposed transfer of the listing status of Tru-Tech on the
Second Board of Bursa Securities to RGSB (Proposed Listing
Transfer);

(vii) Proposed disposal of 100% equity interest in Tru-Tech by
RGSB (after the Proposed Acquisition) to MDSB for a cash
consideration of RM2.00 (Proposed Disposal);

(viii) Proposed offer for sale by all or certain of the Vendors
upon completion of the Proposed Acquisition and Proposed
Disposal to the existing shareholders and warrant holders and/or
identified investors of Tru-Tech on a basis to be determined
(Proposed Offer for Sale); and

(ix) Proposed placement of 10,000,000 new RGSB Shares to
identified investors and/or the public at an issue price to be
determined later.

CONTACT:

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


WOO HING: Issues Restructuring Scheme Update
--------------------------------------------
Woo Hing Brothers (Malaya) Berhad (WHB) issued an update in
relation to its proposed Corporate and Debt Restructuring
Exercise within the framework of the Pengurusan Danaharta
Nasional Berhad act, 1998.

Woo Hing Brothers refer to the Information Circular to
shareholders of the Company dated 8 July 2004 in relation to the
Proposals. The Proposed Acquisitions were completed on 10
November 2004.

Hereafter collectively referred to as the "Proposals."

Proposed Acquisitions;
Proposed Share Swap;
Proposed Restricted Offer For Sale;
Proposed Placement;
Proposed Listing Transfer;
Proposed Main Board Transfer; And
Proposed Disposal Of WHB;

CONTACT:

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

This announcement is dated 10 November 2004.


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


COLLEGE ASSURANCE: SEC Seeks Titles For Lots
--------------------------------------------
The College Assurance Plans Philippines Inc. (CAP) will continue
to manifest filing deficiencies, which hampers the processing of
the its application for the renewal of its dealer's license,
ABS-CBN News reports, citing the Securities and Exchange
Commission (SEC).

The commission said the real-estate properties of the pre-need
firm in Quezon and Cavite lacked the proper transfer of land
titles to the name of the new subscribers. The SEC added that
the said properties likewise lacked the stamp of the Registry of
Deeds.

The Quezon properties were infused to the trust fund of CAP
through local property investor Romeo Roxas, who owns Green
Square Property Corp. and Green Circle Corp.

The local property developer would subscribe to Php6 billion
worth of shares in exchange for the infusion of a 3,000-hectare
property into CAP's trust fund. The fund infusion from these
properties is expected to ease the trust fund's Php17.1-billion
shortfall.

The Cavite properties on the other hand came from the real-
estate development arm of the Sobrepena-led Fil-Estate Group of
Companies. Fil-Estate Land Inc. (FELI) earlier subscribed to
common and preferred shares of CAP in exchange of its multiple
properties in Cavite.

CAP currently does not have a dealer's license after their
contract lapsed last September 30 but are still continuing
operations to service existing plans.

CONTACT:

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


COLLEGE ASSURANCE: Expects to Pay PhP15.5 Mln For Capital Hike
--------------------------------------------------------------
College Assurance Plans Philippines, Inc. (CAP) is expected to
pay PhP15.5 million in filing fee for its planned application to
increase its capital stock to Php8 billion from Php300 million,
reports the Business World.

The pre-need firm has not yet been allowed to make its filing
for its application to increase its capital stock because the
Securities and Exchange Commission (SEC) has seen some
"deficiencies" in the documents it presented.

The Company needs to increase its capital stock to accommodate
the planned investments of prospective investors. It also needs
the approval of the SEC for the increase in capital stock in
relation to its petition to sell an additional PhP1 billion
worth of plans and its request to have its dealer's license
renewed.


MANILA ELECTRIC: May Separate Units To Boost Results
----------------------------------------------------
The Manila Electric Co (Meralco)'s plan to divide its power and
non-power related businesses would result in a higher income for
the power distributor, according to the Business World, citing
an unnamed official of a top accounting firm.


"This will be especially true if the other units are losing. By
unloading these units and not resorting to a consolidated
financial statement, then Meralco will be shielded from its
losses," the source said.

But with the expected reporting of higher revenues, the Company
will also be subject to higher tax payments.

Meralco has said it will submit to the Energy Regulatory
Commission (ERC) before yearend its plan to break up its power
and non-power related businesses in compliance with the law
restructuring the power sector.

Among the utility's subsidiaries and affiliates are Meralco
Energy, Inc., Meralco Financial Services, Asian Center for
Energy Management, Corporate Information Solutions, e-Meralco
Ventures, First Private Power Corp., General Electric
Philippines, Meralco Industrial Engineering Services, Rockwell
Land Corp., Soluziona Philippines, and Meralco Management and
Leadership Development Center Foundation, Inc.

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 POWER: Sta. Clara Wins Loboc Plant Bid
-----------------------------------------------
Sta. Clara International Corporation won the bidding for the
1.2- megawatt (MW) Loboc Hydroelectric plant in Bohol for
US$1.42 million, reports the Business World, citing the
Department of Energy.

The construction firm defeated five other bidders namely Agumil
Philippines, Bohol I Electric Cooperative, ITE Electric
Philippines Co., Dagupan Electric Corp. and Helpmate, Inc.

To date, the government has auctioned four small hydroelectric
power facilities since March.

By year-end, the government expects to privatize 30 percent of
the generating assets of the National Power Corporation. By end-
2005, it hopes to sell 70 percent of the assets. The 600-MW
Masinloc coal-fired power plant will be auctioned off on
November 25.

CONTACT:

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


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


CHEONG ENG: Creditors To Prove Debts by December 6
--------------------------------------------------
Notice is hereby given that the creditors of Cheong Eng
Engineering Services Pte Ltd, which is being wound up
voluntarily, are required on or before the 6th day of December
2004, to send in their names and addresses, with particulars of
their debts or claims and the names and addresses of their
solicitors (if any) to the undersigned, the Liquidator of the
said Company.

If so required by notice in writing from the said Liquidator,
they are to come in personally or by their solicitors and 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 made before such
debts are proved.

Ramasamy Subramaniam Iyer
Liquidator
c/o 8 Cross Street
#17-00 PWC Building
Singapore 048424

This Singapore Government Gazette notice is dated November 5,
2004.


CHINATEX SINGAPORE: Winding Up Order Made
-----------------------------------------
In the matter of Chinatex Singapore Trading Pte Ltd., a Winding
Up Order was made on the 29th day of October 2004.

Name and address of Liquidators:
Michael Ng Wei Teck and Peter Chay Fook Yuen
KPMG
16 Raffles Quay
#22-00 Hong Leong Building
Singapore 048518

Messrs Rajah & Tann
Solicitors for the Petitioner

Note:

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

(b) All debts due to the above named Company should be forwarded
to the liquidators.

This Singapore Government Gazette notice is dated November 5,
2004.


GOODWOOD PARK: Posts Change in Shareholder's Interest
-----------------------------------------------------
Goodwood Park Hotel Ltd released a notice on November 11, 2004,
at the Singapore Stock Exchange pertaining to the change in the
Percentage Level of the Interest of Estate of Tan Sri Khoo Teck
Puat.

Part I

(1) Date of notice to issuer: November 10, 2004

(2) Name of Substantial Shareholder: Estate of Tan Sri Khoo Teck
Puat

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

Part II

(1) Date of change of [Select Option]

(2) Name of Registered Holder

(3) Circumstance(s) giving rise to the interest or change in
interest
- Please specify details

(4) Information relating to shares held in the name of the
Registered Holder
No. of [Select Option] held before the change
As a percentage of issued share capital %

No. of N.A. which are 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 N.A. held after the change
As a percentage of issued share capital %

Part III

(1) Date of change of Interest November 08, 2004

(2) The change in the percentage level From 93.09 % To 93.18 %

(3) Circumstance(s) giving rise to the interest or change in
interest: Others
- Please specify details Acceptances by shareholders of Goodwood
Park Hotel Limited (GPHL) of the offer for GPHL shares made on 5
November 2004 by Dumont Pte. Ltd. in connection with the
voluntary delisting of GPHL

(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 interest is the result of a series of transactions

Part IV

(1) Holdings of Substantial Shareholder, including direct and
deemed interest:
                                            Direct       Deemed
No. of shares held before the change     4,045,355   35,971,441
As a percentage of issued share capital       9.41%       83.68%
No. of shares held after the change      4,045,355   36,011,665
As a percentage of issued share capital       9.41%       83.77%

Submitted by:
David Poh Tze Keong
Company Secretary


MAGNE ELECTROPLATING: Court Issues Winding Up Order
---------------------------------------------------
In the matter of Magne Electroplating Pte Ltd., a Winding Up
Order was made on the 29th day of October 2004.

Name and address of Liquidator: The Official Receiver
Insolvency & Public Trustee's Office
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Unilegal LLC
Solicitors for the Petitioners

This Singapore Government Gazette notice is dated November 5,
2004.


MTR CORPORATION: Reveals EGM Resolutions
----------------------------------------
At an Extraordinary General Meeting of the members of MTR
Corporation (Singapore) Pte. Ltd. duly convened and held at 23rd
Floor, MTR Tower, Telford Plaza, Kowloon Bay, Hong Kong on 1
November 2004 at 10:00 am, the following Special Resolutions
were duly passed:

Special Resolution

(1) That the Company be wound up voluntarily and that Mr. Rohan
Kamis of c/o 78 Shenton Way #26-02, Singapore 079120 and Mr. Tan
Tuan Hock of c/o 78 Shenton Way #26-02, Singapore 079120 be and
are hereby appointed as Liquidators of the Company for the
purpose of such winding up.

(2) That the said Liquidators be and are hereby authorized to
exercise any of the powers given by section 272 (1) (b), (c),
(d) and (e) of the Companies Act, Cap. 50.

(3) That any part of all of the surplus assets whatsoever
remaining in the Company after satisfaction of all debts and
liabilities shall be distributed in cash or in specie to the
members of the Company.

Leonard Bryan Turk
Director

This Singapore Government Gazette notice is dated November 5,
2004.


PANPAC MEDIA: Appoints Director, Group Chief Financial Officer
--------------------------------------------------------------
The Board of Directors of Panpac Media Group Limited wishes to
announce the appointment of Mr. John ZongYang Li as an Executive
Director and Group Chief Financial Officer of the Company with
effect from 10 November 2004.

Mr. John ZongYang Li, aged 49, is currently the President of Sun
Media Investment Holdings Limited. Mr. Li had served in two HK
listed companies as the Executive Deputy CEO and CFO with
Sun Media Group Holdings Ltd, and Deputy Chairman, CFO and
Acting Chairman with Leadership Publishing Group.

Mr. Li holds a Bachelor degree in Economics from Peking
University and a Master of Business Administration degree from
Middlesex University Business School in London. Mr. Li's
financial and management prowess stems from his rich and
versatile background in the financial and business environment
in the Asia Pacific region. Before joining the Group, Mr. Li
worked for 10 years with a leading investment Company,
Framlington Asset Management Co., where he served as a Senior
Fund Manager and the Head of Asia Pacific region.

The details and declaration of Mr. John Li as required under
Rule 704(7) of the Listing Manual of the Singapore Exchange
Securities Trading Limited are contained in a separate
announcement made today.

Submitted by:
Mr. Ricky Ang Gee Hing
Group MD and CEO


PANPAC MEDIA: Notes Changes Within the Board of Directors
---------------------------------------------------------
Panpac Media Group announced among others, the changes in
appointments within its Board of Directors at the Singapore
Stock Exchange on November 11, 2004.

Change in appointments within the board of directors of Panpac
Media Group Limited and proposed change of name of the Company
The Board of Directors of the Company wishes to announce the
following changes in appointments within the Board of Directors
of the Company with effect from 10 November 2004:

1) Mr Low Song Take, who is currently the Chairman of the
Company, shall be appointed the Honorary Chairman of the
Company;

2) Dr Bruno Zheng Wu, who is currently a non-executive Director
of the Company, shall be appointed the Executive Chairman of the
Company;

Following the above changes, the Board of Directors of the
Company shall comprise:
Mr. Low Song Take (Honorary Chairman)
Dr. Bruno Zheng Wu (Executive Chairman)
Mr. Ricky Ang Gee Hing (Managing Director and Chief Executive
Officer)
Mr. John Zongyang Li (Executive Director and Group Chief
Financial Officer)
Mr. Vincent Cyril Demitrius Pereira (Executive Director)
Mr. Kevin Low Ka Choon (Non-executive Director)
Ms. Yang Lan (Non-executive Director)
Mr. Jeffrey Tan Boon Khiong (Independent Director)
Mr. Richard Tan Tew Han (Independent Director)
Mr. You Susheng (Independent Director)

In addition, the Company plans to change its name from Panpac
Media Group Limited to Sun Business Network Ltd., subject to
obtaining the relevant approvals from the Singapore Exchange
Securities Trading Limited and the shareholders of the Company.

Submitted by:
Ricky Ang Gee Hing
Group MD and CEO


PANPAC MEDIA: Unveils the Details and Declaration of Mr. Li
-----------------------------------------------------------
Panpac Media Group Limited released the details and declaration
of Mr. John Li as required under Rule 704(7) of the Listing
Manual of the Singapore Stock Exchange November 10, 2004.

Date of Appointment: November 10, 2004

Name: John Li Zong Yang

Age: 49

Country of principal residence: Hong Kong

Whether appointment is executive, and if so, area of
responsibility: Oversees the Group's financial management
operations and merger and acquisition activities in the PRC.

Job Title
Working experience and occupation(s) during the past 10 years:

1992 - 2002: Analyst, fund Manager, Senior Fund Manager and Head
of Asia Pacific Region, Framlington Asset Management Co. in
London (a Company owned by HSBC (51%) and Munders Capital in the
US (49%)

2002 - 2004: Executive Director, Executive Deputy CEO and CFO of
Sun Media Group Holdings Limited, a HK listed Company on the
main board

2003 - 2004: Executive Director, CFO, Vice Chairman and Acting
Chairman of Leadership Publishing Group Limited, a HK GEM board
listed Company

2004 - present: Executive Director and President of Sun Media
Investment Holdings Limited

Shareholding in the listed issuer and its subsidiaries: None

Family relationship with any director and/or substantial
shareholder of the listed issuer or of any of its principal
subsidiaries: None

Conflict of interest: None

Other Directorship:

Past (for the last five years) Executive Director of Leadership
Publishing Group (February 2003-March 2004)

Present Executive Director of Sun Media Group
(July 2002-present)

Sun 365 Multimedia Holdings(August 2004-present)

Sun Media Investment (April 2004-present)

Information required under Rule 704(7)

Disclose the following matters concerning a director, chief
executive officer, general manager or other executive officer of
equivalent rank. If the answer to any questions 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,
misinterpretation 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, misinterpretation 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:
Ricky Ang Gee Hing
Group MD & CEO


UNITED IMCO: Creditors Must Submit Claims by December 3
-------------------------------------------------------
Notice is hereby given that the creditors of United Imco Private
Ltd, which is being wound up voluntarily, are required on or
before 3rd December 2004 to send in their names and addresses,
with particulars of their debts or claims and the names and
addresses of their solicitors (if any) to the undersigned, the
Liquidator of the said Company.

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

Zalinah Samade
Liquidator
c/o IP Consultants Pte Ltd
135 Cecil Street
#10-04 LKN Building
Singapore 069536

This Singapore Government Gazette notice is dated November 5,
2004.


WEE POH: High Court Orders AGM To Be Convened On Dec 2
------------------------------------------------------
Wee Poh Holdings Limited released the High Court orders at the
Singapore Stock Exchange on November 10, 2004

Wee Poh Holdings Limited is pleased to announce that, upon
application by the Company's lawyers, the High Court has ruled
earlier today that:

(i) The Ninth Annual General Meeting sought to be convened by
Chew Eu Hock on November 12, 2004 is instead to be convened on
December 2, 2004.

(ii) The injunction taken out by Chew Yin What on November 5,
2004 against Mr. Chandra Mohan, independent Director of the
Company, is suspended until the Ninth Annual General Meeting;
therefore, Mr. Chandra Mohan is at liberty to function as a
Director of the Company.


WEE POH: Releases Media Response
--------------------------------
Wee Poh Holdings Limited released media response concerning the
alleged tampered proxy forms at the Singapore Stock Exchange on
November 10, 2004.

As a responsible corporate body, Wee Poh Holdings Limited wants
to wait until the independent auditor Ferrier Hodgson had
completed its investigation of proxy forms before the AGM is
convened.

So far, Wee Poh has discovered more irregularities with other
five proxy forms deposited with Wee Poh by Mr Chew Yin What.

This is in addition to the forged proxy form discovered before
the last AGM on 29 October 2004, which was already being
investigated by the CAD.

These five proxy forms, representing approximately 13.6 million
shares, were also found to be tampered with. The five
shareholders had given Wee Poh's Chairman, Mr. Wong Teck
Kui, the discretion to vote but these proxy forms had been
tampered to direct the Chairman to vote in a certain way. The
Company has every intention to refer these further
irregularities to the police.

In the meantime, Ferrier Hodgson is continuing its own
investigation.

Submitted by:
Chan Wang Kin
Managing Director


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


KRUNG THAI: Unveils Authorized Directors' Names
-----------------------------------------------
In a Stock Exchange of Thailand disclosure Krung Thai Bank
Public Company Limited advised that it has registered to alter
the names of directors authorized to sign on behalf of the bank
at the Ministry of Commerce on 10 November 2004.

Director(s) authorized to sign on behalf of the Company are:

General Mongkon Ampornpisit, Chairman solely or Mr. Apisak
Tantivorowong, President solely or Lt. Suchai Jaovisidha or Mr.
Uttama Savanayana or Mr. Chaiyawat Wibulsawasdi signing jointly
totaling two persons and affixed thereto the Company's seal.

Please be informed accordingly.

Yours sincerely,
Krung Thai Bank Public Company Limited
Suchart  Dejittirut
(Mr. Suchart  Dejittirut)
Vice Secretary to the Board of Directors

CONTACT:

Krung Thai Bank Public Company Limited
35 Sukhumvit Road, Khlong Toei Nua, Wattana Bangkok
Telephone: 0-2255-2222
Fax: 0-2255-9391-6
Website: www.ktb.co.th


POWER P: Releases Rehabilitation Process Details
------------------------------------------------
In a disclosure to the Stock Exchange of Thailand (SET) Power P
Public Co., Ltd. advised that its rehabilitation process has the
following order of events.

- June 1, 2001 the Company submitted request for rehabilitation
to the Central Bankruptcy Court (the Court).

- July 2, 2001 the Court order the Company to be in
rehabilitation process and appointed Power-P Planner Co., Ltd.
as the planner of the Company.

- March 29, 2002 the Court approved the Company's first
rehabilitation plan and appointed Power-P Planner as the plan
administrator of the Company.

- April 29, 2002 a financial institute creditor appealed to the
Supreme Court objecting to the judgment of the Central
Bankruptcy Court

- August 2, 2002 the Court approved the Company's second
rehabilitation plan dated June 26, 2002.

- May 6, 2004 the financial institute creditor removed the
appeal from the Supreme Court.

- August 26, 2004 the Court read the Supreme Court's order for
ending the appeal case which means the day the Court has a final
order approving the Company's rehabilitation plan.

The Company has done the following operations under its
rehabilitation plan which are considered to have helped make the
plan a success.

(1) Decrease its registered capital from 21 million shares by
reducing the number of shares to 10.5 million shares at par
value of THB10 per share on April 5, 2004.

(2) Transfer asset to creditors in accordance with the
rehabilitation plan in October 2002

(3) Increase Capital for debt equity swap 42 million shares and
for new investors' increased capital 157.5 million shares on
July 21, 2004 by issuing total new ordinary shares 199.5 million
shares at par value THB10 per share. This giving the result that
now the Company has total registered paid up capital of THB2,100
million divided into 210 million shares at par value of THB10
per share.

(4) Now, the Company is in during the process of paying back its
creditors in accordance with its rehabilitation plan and asking
the Court to finish the rehabilitation process. The Company will
make a report again after the said operations are completed.

Please be informed

Yours faithfully,
Veerachai Uahvilaijit
Power-P Planner Co., Ltd.
(The Company's Plan administrator)

CONTACT:

Power-P Public Company Limited
Laopengnguan Bldg 1,
333 Vibhavadi Rangsit Road,
Chatu Chak, Bangkok
Telephone: 0-2618-8555-7, 0-2618-8888
Fax: 6188078, 6188140-2


THAI PETROCHEMICAL: Court Approves Amended Reorganization Plan
--------------------------------------------------------------
Please be uniformed that on November 10, 2004 the central
Bankruptcy Court approved the amended Business Reorganization
Plan of Thai Petrochemical Industry Pcl., and its subsidiaries
which consist of:

(1) TPI Oil Co., Ltd.,
(2) Thai ABS Co., Ltd.,
(3) TPI Aromatics Pcl.,
(4) Thai Polyurethane Industry Co., Ltd.,
(5) TPI Polyol Co., Ltd., and
(6) TPI Energy Co., Ltd.

TPI shall inform you on the details once again whenever the
Company receives the official count order.

Your's sincerely,
(Suwit Nivartong)
for Plan Administrator,
Thai Petrochemical Industry Pcl

CONTACT:

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


THAI WAH: Releases Reviewed 3Q and Consolidated FS
--------------------------------------------------
Thai Wah Group Public Company Limited (TWC) issued to the Stock
Exchange of Thailand its reviewed quarterly financial
statements.

Thai Wah Public Company Limited
Reviewed Ending September 30 (In thousands)

Quarter 3               For 9 Months
Year         2004        2003          2004        2003

Net profit
(loss)       (72,559)     313,928      (41,811)   751,708

EPS (baht)   (0.97)        5.98        (0.56)       14.32

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) Please see details in financial statements, auditor's report
and remarks from SET Information Management System

"The Company hereby certifies that the information above is
correct and complete.  In addition, the Company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

(Mr. Kuan Chiet)
Thai Wah Public Company Limited
By Thai Wah Group Planner Co., Ltd.
as the Plan Administrator
Authorized person to sign on behalf of the Company

CONTACT:

Thai Wah Public Company Limited
Thai Wah Tower, Floor 21-22, 21/63-66
South Sathon Road, Sathon Bangkok
Telephone: 0-2285-0040, 0-2285-0241-56
Fax: 0-2285-0269-70
Website: www.thaiwah.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

  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
Informatics Holdings Ltd         INFO        26.82      62.92

  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
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USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan, Reiza
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Copyright 2004.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
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