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

                     A S I A   P A C I F I C

             Wednesday, November 17, 2004, Vol. 7, No. 228

                            Headlines


A U S T R A L I A

A.J. YOUNG: Placed in Members' Voluntarily Liquidation
ALDISA NOMINEES: Final Meeting Slated for November 23
ALERT AIR: Sets Final Meeting on November 22
AUSTRALIAN PAVEMENT: Sets November 19 as Date of Final Meeting
CHEMEQ LIMITED: Still Seeking APVMA Approval

CITI MARINA: To Declare First and Final Dividend on November 30
DELINC PTY: To Hold Final Members Meeting on November 23
FLEET COMPUTING: To Declare Dividend on December 16
GRIBBLES GROUP: To Convene AGM on November 29
GYMPIE GOLD: Registered Office Closes, Directors Resign

HOLMES FOR DOORS: To Declare First and Final Dividend
KABAM PTY: Final Meeting Slated for November 19
MOREL BROTHERS: Final Meeting Set November 19
NATIONAL AUSTRALIA: HBOS Drops Plan to Buy Irish Banks
NATIONAL AUSTRALIA: Union Wants Lay-off Report Clarification

OXYGEN TECHNOLOGY: Members, Creditors Meeting Set November 22
RURAL COMMODITIES: Members Resolve to Voluntarily Wind Up
TIDOLO PTY: To Voluntarily Wind Up
VALENTI FUNCTION: Appoints Peter Ngan as Liquidator
WING CHEONG: Final Meeting Scheduled November 19


C H I N A  &  H O N G  K O N G

ANGELS TECHNOLOGY: Posts HK$571,000 Net Loss
BESTGUARD LIMITED: Receives Winding Up Notice
BELVEDER INTERNATIONAL: Bankruptcy Hearing Set December 8
BIL MANAGEMENT: Creditors To Prove Debts by December 10
BLOCKBUSTER HONGKONG: Creditors Meeting Slated for November 22

EASE LOYAL: Faces Bankruptcy Proceedings
KWONG SUN: Issues Intended Preferential Payment Notice


I N D O N E S I A

INDOFOOD SUKSES: Unit Eyes Rights Issue After Spin-off
* Three Listed Firms Face JSX Suspension


J A P A N

JAPAN AIRLINES: Reviews Routes, May Change Fleet to Cut Costs
MITSUBISHI HEAVY: Moody's Reviews Ratings for Possible Upgrade
MITSUBISHI MOTORS: Tampers With Wheel Hub Report
MITSUBISHI MOTORS: Cuts Likely for N. American Parts Suppliers
SEIBU RAILWAY: Vows to Revamp Structural Operations

UFJ HOLDINGS: Issues Additional 64,036.13 Shares
* Corporate Bankruptcies Drop 23.3%
* FSA Reveals Results of Special Inspections


K O R E A

DAEWOO HEAVY: Union Workers to Hold Rally Over Doosan Takeover
KOOKMIN BANK: Lowers Deposit Interest Rate to 3.4%
SHINHO PAPER: Consortium Pays KRW455 Bln for 54% Stake
* MOFE Voices Concern Over Troubled Credit Card Companies


M A L A Y S I A

PILECON ENGINEERING: Unit's Default Status Unchanged
SATERAS RESOURCES: To Submit Regularization Plan on November 25
SRIWANI HOLDINGS: SC OKs Restructuring Plan Extension
SRIWANI HOLDINGS: Details Capital Reduction Exercise
TENAGA NASIONAL: Non-Executive Director Resigns

TRADEWINDS CORPORATION: Strikes Off Dormant Unit From CCM
TRU-TECH HOLDINGS: Issues Monthly Status Update
UNITED CHEMICAL: Releases Restructuring Update
WCT ENGINEERING: Notes Closed Period Dealings
WEMBLEY INDUSTRIES: Issues Practice Note 4/2001 Update

WOO HING: Completes Settlement Deal


P H I L I P P I N E S

BAYAN TELECOMMUNICATIONS: Says Extelcom Still Viable
BAYAN TELECOMMUNICATIONS: Seeks To Defer Initial Public Offering
MANILA ELECTRIC: Forecasts Php2.5-Bln Profit This Year
NATIONAL BANK: Board Advisor Resigns
NATIONAL POWER: Issues Invitation to Bid

NATIONAL POWER: Posts Bidding Notice
NATIONAL POWER: Aboitiz Group Rethinks Plan to Bid For Plant
NATIONAL POWER: Government To Assume PhP200 Bln In Bonds


S I N G A P O R E

ALL GREEN: Unveils 3Q Results
CIRCUITS TECHNOLOGIES: Winding Up Order Made
GOODWOOD PARK: Posts Change in Shareholder's Interest
GOODWOOD PARK: Shareholder's Interest Changes
GOODWOOD PARK: Reveals Change in Holdings

IONICS EMS: Posts 3Q Financial Statement
MASTER TRAINER: Court Issues Winding Up Order
SINGAMIP ENTERPRISE: Receives Winding Up Order


T H A I L A N D

DATAMAT: Unveils Resolution Passed at Board Meeting
SIAM STEEL: Releases Reviewed 1Q, Consolidated FS
THAI PETROCHEMICAL: To Name New Partners Next Month
THAI PETROCHEMICAL: SET Posts Notice Pending Sign on Securities
THAI PETROCHEMICAL: Unveils Reviewed, Consolidated 3Q FS

     -  -  -  -  -  -  -  -

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


A.J. YOUNG: Placed in Members' Voluntarily Liquidation
------------------------------------------------------
At a General Meeting of A.J. Young (Constructions) Pty Ltd (In
Liquidation) A.C.N. 004 476 457, duly convened and held at 14
Chandos Street, Eden NSW 2551 on the 7th of October 2004 the
following Special Resolution was passed:

That the Company be wound up as a Members' Voluntary Liquidation
and that the assets of the Company may be distributed in whole
or in part to the members in specie should the liquidators so
desire.

Dated this 7th day of October 2004

S.W. Donaldson
Barclay & Donaldson Services Pty Ltd
Accountants
14 Chandos Street, Eden NSW 2551


ALDISA NOMINEES: Final Meeting Slated for November 23
-----------------------------------------------------
Notice is given that a final meeting of members of Aldisa
Nominees Pty Limited A.C.N. 076 529 550 (In Liquidation) will be
held at the offices of Ernst & Young, Level 16, 321 Kent Street,
Sydney NSW 2000 on 23 November 2004 at 9:30 a.m.

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

Dated this 19th day of October 2004

Keiran Hutchison
Liquidator
Ernst & Young
Level 16, 321 Kent Street,
Sydney NSW 2000
Telephone: (02) 9248 5194


ALERT AIR: Sets Final Meeting on November 22
--------------------------------------------
Notice is hereby given that the final meeting of the members of
Alert Air Conditioning Sales & Service Pty Limited (In
Liquidation) will be held at 80-82 Bathurst Street, Liverpool on
the 22 November 2004 at 2 o'clock in the afternoon, for the
purpose of having laid before it by the Liquidator an account
showing how the winding up has been conducted and the manner in
which the property of the Company has been realized and
distributed and of hearing any explanation of the account by the
Liquidator.

Dated this 14th day of October 2004

Lew Schulz


AUSTRALIAN PAVEMENT: Sets November 19 as Date of Final Meeting
--------------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Australian Pavement Services Pty Limited (In
Liquidation) A.C.N. 074 847 877 will be held at Rodgers Reidy,
Level 8, 333 George Street, Sydney on 19 November 2004 at 10:30
a.m.

The purpose of the meeting is:

(a) To receive an account from the Liquidator.

(b) A resolution to destroy the books & records of the Company.

(c) To consider any other business.

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


CHEMEQ LIMITED: Still Seeking APVMA Approval
--------------------------------------------
Chemeq Limited announced yesterday its West Australian
manufacturing facility has obtained a Manufacturing Practice
license from the Australian Pesticides & Veterinary Authority
(APVMA) but said a regulatory approval of its polymeric
antimicrobial in Australia would be delayed beyond June 2005,
says Egoli News.

The long-awaited approval would enable Chemeq to produce
commercial validation batches of polymeric antimicrobial, which
if granted by the APVMA, can then be used to fill the Company's
AU$1.5 million order to South Africa.

"We are one step away from an unconditional manufacturing
license and we are now very close to being in a position to
deliver Chemeq polymeric antimicrobial under the distribution
and sales agreements we already have in place," said Chemeq
chairman Graham Melrose.

According to the APVMA, it gave the conditional approval to
Chemeq since the Company has met a majority of the good
manufacturing practice requirements. However, the regulator said
it couldn't be fully satisfied until the product validation
batches have been completed.

"If the APVMA is satisfied from the from the verification
process audit that all systems are operating effectively, an
amended license will be issued removing those additional
conditions and including "release for supply" as a step of
manufacture," the regulator said.

CONTACT:

Chemeq Limited
Suite 8 Petroleum House
3 Brodie Hall Drive, Technology Park
Bentley, Australia, 6102
Telephone: 08 9362 0100
Fax: 08 9355 0199
Web site: http://www.chemeq.com.au/


CITI MARINA: To Declare First and Final Dividend on November 30
---------------------------------------------------------------
A first and final dividend to creditors is to be declared on 30
November 2004 for Citi Marina Cafe Pty Ltd (Subject To Deed Of
Company Arrangement) A.C.N. 081 795 020.

Creditors whose debts or claims have not already been admitted
were required on 9 November 2004 formally to prove their debts
or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 8th day of October 2004

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


DELINC PTY: To Hold Final Members Meeting on November 23
--------------------------------------------------------
Notice is given that a final meeting of members of Delinc Pty
Limited A.C.N. 002 965 942 (In Liquidation) will be held at the
offices of Ernst & Young, Level 16, 321 Kent Street, Sydney NSW
2000 on 23 November 2004 at 10:00 a.m.

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

Dated this 19th day of October 2004

Keiran Hutchison
Liquidator
Ernst & Young
Level 16, 321 Kent Street,
Sydney NSW 2000
Telephone: (02) 9248 5194


FLEET COMPUTING: To Declare Dividend on December 16
---------------------------------------------------
A first and final priority dividend is to be declared on 16
December 2004 for Fleet Computing Services Pty Limited (In
Liquidation) A.C.N. 070 579 556.

Creditors were required on or before 9 November 2004 to formally
prove their debts or claims. If they do not, they may be
excluded from the benefit of the dividend.

Dated this 6th day of October 2004

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


GRIBBLES GROUP: To Convene AGM on November 29
---------------------------------------------
The Annual General Meeting (AGM) of Gribbles Group Limited will
be held on Monday, November 29, 2004 at 10:00am. The location of
the meeting is Computershare Conference Centre, Yarra Falls, 452
Johnston Street, Abbotsford Vic. 3067.

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

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

The Australian Shareholders' Association has indicated its
voting intentions for 6 of the resolution(s) to be considered.

Resolutions to be considered:

Resolution 2:
Financial Report and Accounts
ASA will vote: For

Resolution 3(a):
Election of Director, W Cameron,
ASA will vote: For

Controversy surrounds Mr. Camerons relationship with the Trust
holding more than 40% of shares. The Company has received a
takeover offer, which is likely to be successful. Mr Cameron has
a detailed knowledge of the Company, which should be available
for the short term.

Resolution 3(b):
Election of Director, J Hasker
ASA will vote: For

No reason to oppose

Resolution 3(c):
Election of Director, A Carstens
ASA will vote: For

Mr. Carstens is the Acting Chief Executive. No reason to oppose.

Resolution 3(d):
Election of Director, A Cowell
ASA will vote: Against

Mr. Cowell has been nominated by the Trust holding more than 40%
of the Shares. This is seen as action to influence takeover
negotiations and does not add value to the Company.

Resolution 3(e):
Election of Director, A Home
ASA will vote: Against

Mr. Home is opposed for the same reasons as Mr. Cowell.

CONTACT:

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


GYMPIE GOLD: Registered Office Closes, Directors Resign
-------------------------------------------------------
The registered office of Gympie Gold Limited has closed
effective from October 29, 2004.

Furthermore, the following Directors have resigned from the
Board of Gympie Limited: Mr. Michael Darling, Mr. Roy Woodall,
Mr. Peter Cadwallader and Dr. Chris Rawlings.

CONTACT:

Gympie Gold Ltd.
Suite 303, 3 Spring Street
SYDNEY, NSW, AUSTRALIA, 2000
Head Office Telephone: 02 8249 4479
Head Office Fax: 02 8249 4001
Web site: http://www.gympiegold.com.au/


HOLMES FOR DOORS: To Declare First and Final Dividend
-----------------------------------------------------
A first and final dividend is to be declared on 14 December 2004
for Holmes For Doors & Related Product Pty Limited (In
Liquidation) A.C.N. 002 427 643.

Creditors are required to formally prove your debt or claim on
or before 11 November 2004.

If they do not, the liquidator will exclude your claim from
participation, and the liquidator will proceed to make a first
and final dividend without having regard to it.

Dated this 8th day of October 2004

I.J. Purchas
Liquidator
Star Dean-Willcocks
Level 1, 32 Martin Place,
Sydney NSW 2000


KABAM PTY: Final Meeting Slated for November 19
-----------------------------------------------
Notice is given that a final meeting of the members and
creditors of Kabam Pty Limited (In Liquidation) A.C.N. 074 990
971 will be held at Rodgers Reidy, Level 8, 333 George Street,
Sydney on 19 November 2004 at 10:00 a.m.

The purpose of the meeting is:

(a) To receive an account from the Liquidator.

(b) A resolution to destroy the books & records of the Company.

(c) To consider any other business.

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


MOREL BROTHERS: Final Meeting Set November 19
---------------------------------------------
Notice is given that a final meeting of the members and
creditors of Morel Brothers Pty Limited (In Liquidation) A.C.N.
079 758 679 will be held at Rodgers Reidy, Level 8, 333 George
Street, Sydney on 19 November 2004 at 9:30 a.m. The purpose of
the meeting is:

(a) To receive an account from the Liquidator.

(b) A resolution to destroy the books & records of the Company.

(c) To consider any other business.

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


NATIONAL AUSTRALIA: HBOS Drops Plan to Buy Irish Banks
------------------------------------------------------
Bank HBOS withdrew from talks to buy National Australia Bank's
(NAB) two Irish banks, Reuters report, citing the Financial
Times.

HBOS is understood to have shelved its acquisition plan after
failing to agree on a price for Belfast-based Northern Bank and
Dublin's National Irish Bank.

HBOS and National Australia Bank declined to comment yesterday
night. However, sources close to the deal indicated that the
British bank regarded National's price expectations as "a step
too far".

All talks between the two companies are now off, although they
could resume if National drops the price.

Unless this happens, HBOS will pursue its stated ambition of
expanding its Irish operations through organic growth.

CONTACT:

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


NATIONAL AUSTRALIA: Union Wants Lay-off Report Clarification
------------------------------------------------------------
National Australia Bank's union is seeking to meet with the
bank's management on reports it is to sack 300 IT personnel in a
bid to cut costs, according to The Advertiser.

A news report yesterday said NAB was planning to significantly
reduce its IT workforce in the wake of more than AU$400 million
worth of software write-offs. Earlier, NAB announced the
suspension of work on its back office IT system, Integration
Systems Implementation (ISI).

The reports said NAB was also considering shelving its division-
oriented approach to IT and replace it with a regional
structure.

Financial Sector Union spokesman Rod Massen confirmed the union
was seeking a meeting yesterday with the bank to clarify the
reports.

According to Mr. Massen, the union was dismayed to see NAB
moving to scrap jobs in its IT division.


OXYGEN TECHNOLOGY: Members, Creditors Meeting Set November 22
-------------------------------------------------------------
Notice is hereby given that a meeting of the Members and
Creditors of Oxygen Technology Pty Limited (In Liquidation)
A.C.N. 094 545 776 will be held at Hall Chadwick, Level 29, 31
Market Street, Sydney NSW 2000 on 22 November 2004 at 11:00 a.m.

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

BUSINESS

(1) To receive a report from the Liquidator, being an account of
his acts and dealings and of the conduct of the winding up
during the period of the liquidation ending on 15 November 2004.

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

(3) Any other business.

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


RURAL COMMODITIES: Members Resolve to Voluntarily Wind Up
---------------------------------------------------------
Notice is hereby given that at a general meeting of members of
Rural Commodities Pty Ltd (In Voluntary Liquidation) A.C.N. 000
402 835 held at Amberu 625 The Escort Way Orange on the 30
September 2004 at 10:00 a.m., the following resolutions were
passed:

Special Resolution

The Company be wound up voluntarily.

Ordinary Resolutions

That John Churcher of Amberu 625 The Escort Way Orange NSW, be
and is hereby nominated liquidator of the Company for the
purpose of the winding up.

J. Churcher
Liquidator


TIDOLO PTY: To Voluntarily Wind Up
----------------------------------
Notice is hereby given that at a General Meeting of Members of
Tidolo Pty Ltd (In Voluntary Liquidation) A.C.N. 003 029 052
duly convened and held at 1130 Padman Drive, Albury NSW 2640 on
1 October 2004, a Special Resolution that the Company be wound
up voluntarily was passed by members and Noel R. Willis was
appointed Liquidator.

Dated this 7th day of October 2004

Noel R. Willis
Liquidator
c/- KPMG Centre
491 Smollett Street,
Albury NSW 2640


VALENTI FUNCTION: Appoints Peter Ngan as Liquidator
---------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
Valenti Function Catering Pty Limited (In Voluntary Liquidation)
A.C.N. 101 952 854 duly convened and held at 7 Narabang Way,
Belrose NSW 2085 on Thursday, 7 October 2004 at 10:15 a.m., a
Special Resolution was passed that the Company be wound up
voluntarily and Peter Ngan was appointed Liquidator.

Dated this 7th day of October 2004

P. Ngan
Liquidator
Ngan & Co
Chartered Accountants
Level 5, 49 Market Street,
Sydney NSW 2000


WING CHEONG: Final Meeting Scheduled November 19
------------------------------------------------
Notice is hereby given that pursuant to subsection 509(1) of the
Corporations Act 2001, the final meeting of members of Wing
Cheong Chinese Restaurant Pty Ltd (In Liquidation) A.C.N. 001
412 317 will be held at the offices of T.F.W. See & Lee
Chartered Accountant, Suite 1, Level 1A, 405-411 Sussex Street,
Sydney, on the 19th of November 2004 at 10:00 a.m. for the
purpose of laying before the meeting the liquidator's final
account and report and giving any explanation thereof.

Dated this 7th day of October 2004

Peter S. K. Lee
Liquidator
Suite 1, Level 1A, 405-411 Sussex Street,
Sydney NSW 2000


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C H I N A  &  H O N G  K O N G
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ANGELS TECHNOLOGY: Posts HK$571,000 Net Loss
--------------------------------------------
Angels Technology Company Limited posted a net loss of
HK$571,000 for the first nine months of 2004, compared with a
net loss of HK$6.744 million a year ago. LPS was 0.28 cent.

No dividend was declared for the third quarter.

To view the entire document click on:
http://bankrupt.com/misc/tcrap_angelstechnology111504.pdf


BESTGUARD LIMITED: Receives Winding Up Notice
---------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Bestguard Limited by the High Court of Hong Kong Special
Administrative Region was on the 20th day of October 2004
presented to the said Court by Bank of China (Hong Kong) Limited
whose registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, 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.

Kao, Lee & Yip
Solicitors for the Petitioner
17th Floor, Gloucester Rower
The Landmark
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.


BELVEDER INTERNATIONAL: Bankruptcy Hearing Set December 8
---------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Belveder International Limited by the High Court of Hong Kong
Special Administrative Region was on the 21st day of October
2004 presented to the said Court by The Hongkong And Shanghai
Banking Corporation Limited whose registered office is situated
at No.1 Queen's Road Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 8th 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.

Johnson Stokes & Master
Solicitors for the Petitioner
18th Floor, Prince's Building
10 Chater Road
Central, Hong Kong

Note: Any person who intends to appear on 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 7th day of
December 2004.


BIL MANAGEMENT: Creditors To Prove Debts by December 10
-------------------------------------------------------
Notice is hereby given that the Creditors of Bil Management (HK)
Limited, which is being voluntarily liquidated, are required on
or before the 10th 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 12th day of November 2004

Suen Pui Yee
Iain Ferguson Bruce
Liquidators
11/F., Prince's Building, Central
Hong Kong


BLOCKBUSTER HONGKONG: Creditors Meeting Slated for November 22
--------------------------------------------------------------
Notice is hereby given, pursuant to Section 241 of the Companies
Ordinance, that a meeting of the creditors of Blockbuster
Hongkong Limited will be held at 10:15 a.m. on 22nd day of
November 2004 at 26th Floor, Wing On Center, 111 Connaught Road
Central, Hong Kong to appoint a Liquidator and to consider
further matters relevant to the creditors' voluntary winding-up
of the above named Company pursuant to Sections 241, 242, 243,
244 and 255A of the Companies Ordinance.

Creditors may vote either in person or by proxy. Proxies used at
the meeting must be lodged at 26th Floor, Wing On Center, 111
Connaught Road Central, Hong Kong not later than 4:00 p.m. on
the day before the time appointed for the holding of the
meeting.

Dated this 12th day of November 2004

By Order Of The Board Of
Blockbuster Hong Kong Limited
Cheung Chun Lee Jenny
Director

Note: At this stage, it is expected that all third parties'
claims, if admitted, will be settled in full during the course
of the liquidation of the above named Company.


EASE LOYAL: Faces Bankruptcy Proceedings
----------------------------------------
Notice is hereby given that a petition for winding up of Ease
Loyal limited by the High Court of Hong Kong was on the 25th day
of October 2004 presented to the said Court by Chan Shui Wah
Room 2210, Wah Min House, Wah Sum Estate, Fanling, New
Territories.

The said petition will be heard before the Court at 9:30 a.m. 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 siad petition
may appear at the time of the hearing by himself or his Counsel
for that purpose. A copy of the petition will be furnished to
any creditor or contributory of the said Company requiring he
same by the undersigned on payment of the regulated charge for
the same.

Betty Chan
Diredctor of Leag Aid
34/F Hopewell Centre,
Wanchai, Hong Kong

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

This The Standard notice is dated November 15, 2004.


KWONG SUN: Issues Intended Preferential Payment Notice
------------------------------------------------------
Kwong Sun Office Supplies Company Limited issued a notice of
intended preferential payment and dividend.

Name of Liquidator:
The Official Receiver

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

Last Day of Receiving Proofs: 26 November 2004

E T O'CONNELL
Official Receiver & Liquidator

This The Standard notice is dated November 12, 2004.


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


INDOFOOD SUKSES: Unit Eyes Rights Issue After Spin-off
------------------------------------------------------
Bogasari Flour Mills, a subsidiary of embattled instant noodle
giant Indofood Sukses, is planning a rights issue after its
spin-off process is completed in the second quarter of 2005,
Asia Pulse says.

The rights issuance will follow immediately after next year's
spin-off, which will give Bogasari the status of an independent
Company.

According to Indofood Director Djoko Wibowo, Bogasari will offer
at least 10 percent of shares to the public.

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


* Three Listed Firms Face JSX Suspension
----------------------------------------
Shares of textile companies PT Panasia Indosyntec (Indosyntec)
and PT Panasia Filamnet Inti (Pafi), and furniture maker PT
Atona Binasejati were suspended from trading at the Jakarta
Stock Exchange Friday, says The Jakarta Post.

The bourse halted trading of the textile companies for unpaid
fines amounting to IDR10 million (US$1,102) each, which were
imposed for failing to hold an annual public expose in 2003. The
fines should have been paid within 25 days after the sanctions
were officially handed down on October 27.

Trading in Arona shares was also suspended for a day after the
bourse discovered a cumulative rise in its stock price of over
100 percent from IDR550 on October 13 to IDR1,150 on November
11.

For the first nine months of the year, Pafi tallied an IDR37.7
billion net loss, while Indosyntec booked a net loss of IDR46.7
billion.

Arona, on the other hand, reported a net income of IDR3.67
billion from January to September, down 22.3 percent from the
same period last year.


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


JAPAN AIRLINES: Reviews Routes, May Change Fleet to Cut Costs
-------------------------------------------------------------
Japan Airlines Corporation is currently evaluating the
profitability of its routes and is likely to change models and
sizes of its fleet in a bid to reduce costs amid soaring fuel
prices, according to Bloomberg.

"I don't expect a big drop in the price of fuel any time soon,"
said President Toshiyuki Shinmachi.

Without elaborating, Mr. Shinmachi confirmed JAL is working on
measures to cut costs.

With its fuel bill rising to JPY5 billion for US$1 gain in jet
fuel prices, JAL's extra fuel expenses may double to JPY100
billion (US$934 million) for the current fiscal year from JPY55
billion, previously. Thus, the carrier is desperate for ways to
cut more costs to protect its earnings.

Earlier this month, JAL trimmed down its full-year earnings
forecast by more than a third to JPY23 billion for the year
ending March 2005 due to surging oil costs and plunging travel
demand.

According to pricing service Platts, jet fuel prices have
skyrocketed as much as two-thirds this year to a record US$63.95
a barrel on October 14.

CONTACT:

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


MITSUBISHI HEAVY: Moody's Reviews Ratings for Possible Upgrade
--------------------------------------------------------------
Moody's Investors Service has placed the Baa1 senior unsecured
debt ratings of Mitsubishi Heavy Industries, Ltd. under review
for possible upgrade.

This rating action is based on Moody's view that the Company's
successful execution of its current business strategy may
contribute to improving and stabilizing its overall credit
profile over the intermediate term.

Mitsubishi Heavy is currently implementing the 2004 Medium-Term
Business Plan (a four-year management plan beginning April 1,
2004). Under the plan, the Company has been striving to enhance
profitability and reinforce its business portfolio. Furthermore,
Mitsubishi Heavy has continued to expand and strengthen its
overseas business activities.

In its review, Moody's will assess Mitsubishi Heavy's ability to
enhance and stabilize earnings through the implementation of its
current business strategy, as well as the Company's ability to
manage the risks of its growing overseas businesses. The review
will also focus on the Company's financial strategy going
forward.

Mitsubishi Heavy Industries, Ltd., headquartered in Tokyo, Japan
is one of the world's leading comprehensive heavy machinery
companies.

CONTACT:

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


MITSUBISHI MOTORS: Tampers With Wheel Hub Report
------------------------------------------------
Ailing Mitsubishi Motors Corporation (MMC) submitted to the
Construction and Transport Ministry a falsified data on wheel
hubs produced by other automakers in an attempt to show they
were of lower quality compared to Mitsubishi products, relates
The Yomiuri Shimbun.

The embattled automaker allegedly made the fake report to evade
expected recalls following an accident caused by a faulty wheel
hub on a Mitsubishi truck.

The ministry alleged MMC used old parts or falsified data on
wheel hub size and materials in its comparison report.

After a comparative experiment on its own D-type wheel hub and
wheel hubs made by its rivals, MMC concluded that the strength
of Nissan Diesel and Isuzu wheel hubs was less than that of the
D-type by 7 percent and 2 percent, respectively.

However, an experiment conducted by the ministry revealed
otherwise. The ministry test showed that wheel hubs produced by
other automakers are stronger by at least 27 percent, concluding
that the MMC wheel hub was, in fact, the weakest.

In March, the Company finally admitted its wheel hubs were
defective and recalled about 220,000 large trucks.

However, only 56 percent of the trucks subject to recall had
been repaired as of Nov. 6.

CONTACT:

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


MITSUBISHI MOTORS: Cuts Likely for N. American Parts Suppliers
--------------------------------------------------------------
Mitsubishi Motors Corporation (MMC) is considering cutting its
parts suppliers for its North American production facility by 40
percent from 260 to 150 next year, AFX News relates, citing the
Nihon Keizai Shimbun.

The plan is part of the troubled carmaker's measures to cut
costs, as sales in North America are rapidly plunging.

After the reduction is realized, MMC will consolidate orders
with major parts companies.

MMC's North American plant in Normal, Illinois, which produces
four MMC vehicles, also provides subcontracted production for
the Chrysler division of DaimlerChrysler AG.

The subcontracted work will end in 2005 and MMC will completely
revamp two models of its Eclipse sports coupe, which would allow
the firm to focus procurement on a smaller number of
manufacturers.

The plant in Normal in October laid off 1,200 employees or
nearly 40 percent of its workforce and ended its night shift.


SEIBU RAILWAY: Vows to Revamp Structural Operations
---------------------------------------------------
Seibu Railway Company has pledged to overhaul the group's odd
operational structure led by the controversial Kokudo
Corporation, reports Dow Jones Newswires.

The scandal-hit railway operator will map out a revamp plan that
will be carried out by the end of the business year and
determine by June how the group would be restructured.

The Tokyo Stock Exchange (TSE) has warned Seibu Railway of a
possible delisting from the bourse's First Section because its
financial statements underreported the shareholdings of such
major holders such as unlisted hotel and sports facilities
operator Kokudo for over four decades.

Earlier, the Nihon Keizai Shimbun reported that the TSE has
finalized plans to delist Seibu Railway. But the bourse denied
the news article, saying it hadn't made a decision on the
matter.

The railway Company is hoping to maintain its listing, which is
essential for the Company to raise funds and gain social trust.

As part of its restructuring, Seibu Railway will slash Kokudo's
stake in the firm to around 33 percent from more than 50 percent
so it can gain more autonomy.

Seibu Railway President Terumasa Koyanagi disclosed Seibu
Railway will set up on November 22 an advisory team to draft the
firm's restructuring plan.

Even if its three main creditors have pledged their support for
the group's restructuring, Mr. Koyanagi said Seibu Railway is
not planning to ask its lenders for financial aid such as debt
waivers.

CONTACT:

Seibu Railway Company Limited
1-11-1, Kusunokidai
Tokorozawa, Saitama 359-8520, Japan
Phone: +81-42-926-2035
Fax: +81-42-926-2237


UFJ HOLDINGS: Issues Additional 64,036.13 Shares
------------------------------------------------
Pursuant to the exercise of conversion rights of the preferred
shares of UFJ Holdings Incorporated, additional shares of common
stock have been issued. A total of 5,107,405.32 shares of common
stock were issued as of 30 September 2004.

Application has been made to the UK Listing Authority and the
London Stock Exchange for admission and trading on the Official
List. It is expected that admission will be granted on 17
November 2004 and trading will commence on 18 November 2004.

The shares rank pari passu in all aspects with the existing
issued shares of the Company.

CONTACT:

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


* Corporate Bankruptcies Drop 23.3%
-----------------------------------
Teikoku Databank America revealed the number of corporate
bankruptcies in Japan dipped 23.3 percent from the same period
last month, marking the second consecutive month of decline
according to the Associated Press.

The private research agency said corporate bankruptcies for the
month totaled 1,064, the lowest this year.

According to Teikoku, the drop was not mainly due to economic
recovery but was attributed to government's assistance to help
save small companies from bankruptcy.

Debts left behind by collapsing companies fell 20 percent from a
year earlier to JPY680.4 billion (US$6.4 billion), it said.


* FSA Reveals Results of Special Inspections
--------------------------------------------
The Financial Services Agency (FSA) has conducted the special
inspections for the banks' fiscal year ending September 2004.
The results of these inspections are summarized below.

Outline of the Special Inspections

(1) Banks Inspected: 11 Major Banks (Sumitomo Mitsui Banking
Corporation (SMBC), Sumitomo Trust and Banking, Chuo Mitsui
Trust and Banking, Mizuho Bank, Mizuho Corporate Bank, Mizuho
Trust and Banking, Bank of Tokyo-Mitsubishi, Mitsubishi Trust
and Banking Corporation, UFJ Bank, UFJ Trust Bank, and Resona
Bank)

(2) Period of Inspections: Commenced on August 18, 2004, and
completed with notification of inspection results to individual
banks on November 5, 2004.

(3) Method of Examination: As in the previous rounds of the
special inspections, the inspections checked the classification
of large borrowers whose stock prices, external ratings and
other indicators had been experiencing significant changes, at a
respective main bank to obtain appropriate classification which
reflects the latest business condition of the debtor on a real
time basis.

The special team for examining reconstruction plans examined the
borrowers' reconstruction plans in cooperation with the special
inspection team. The results of the examination have been
reflected in the classification of borrowers.

(4) Total number/amount of borrowers/credits:
135 borrowers,  9.2 trillion yen of credits

The number of borrowers inspected in the special inspections for
the interim period ending March 2004 was originally 133 (with
total credit amounting to 10.5 trillion yen). It increased to
147 due to corporate separation, etc.

To view the full release, click on:
http://bankrupt.com/misc/TCRAP_FSAINSPECTION111604.pdf


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


DAEWOO HEAVY: Union Workers to Hold Rally Over Doosan Takeover
--------------------------------------------------------------
Daewoo Heavy Industries & Machinery Limited workers union will
stage a rally this week to protest on the acquisition of the
Company by Doosan Heavy Industries & Construction Co., reports
Asia Pulse, citing industry sources.

Following the selection of Doosan as the preferred bidder for a
58 percent controlling stake in Daewoo, the unionized workers
would gather in front of the Gwacheon Government Complex, south
of Seoul, Thursday, the sources said.  Some 4,000 workers are
expected to be present in the rally.

The union has expressed objection over Doosan, on the basis that
Doosan does not value job security.  The workers fear the
takeover would lead to massive job cuts, despite Doosan's claim
that it would keep Daewoo as an independent entity and retain
all employees for three years if the acquisition goes ahead.

Doosan offered the highest bid of KRW1.8 trillion.  A final
contract for the takeover is expected signed in December between
the Korea Asset Management Corp. (KAMCO) and Doosan.  KAMCO
manages the sale of Daewoo Heavy.

CONTACT:

Daewoo Heavy Industries & Machinery Ltd.
14-34 Youido-Dong, Youngdungpo-Gu,
Seoul 150-010
Republic of Korea
Web site: www.dhiltd.co.kr/eng/index.asp


KOOKMIN BANK: Lowers Deposit Interest Rate to 3.4%
--------------------------------------------------
Following the interest rate cut done by the Bank of Korea,
Kookmin Bank lowered its interest rate on deposits Monday, The
Korea Times relates.

A 0.1 percentage point was lowered on Kookmin's interests on
time deposits which was previously 3.5 percent.  The new
interest rate on one-year time deposits stands at 3.4 percent.

Other banks are expected to follow suit.  Woori Bank, for
instance, said it will cut its time deposit rates by 0.2
percentage points.  Other lenders are also expected to cut
interest rates on new deposits.

The central bank lowered its key interest rate to a record low
of 3.25 percent, a quarter of one percentage cut from the
previous rate. The move was in line with its effort to help
boost the economy.

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


SHINHO PAPER: Consortium Pays KRW455 Bln for 54% Stake
------------------------------------------------------
Creditors handed over Shinho Paper Mfg. Co. Monday to an Aram
FSI-led consortium for KRW455 billion (US$411.78 million), says
Asia Pulse.

A contract for the final acquisition of Shinho by the consortium
was concluded at a Seoul hotel.

The consortium led by the South Korean corporate restructuring
Company Aram Financial Service Inc. bought 54 percent of Shinho
Paper's stock amounting to about 13 million shares from Shinho's
creditors for KRW5,300 per stock.

Shinho Paper, which produces 600,000 tons of printing & writing
paper and 150,000 tons of industrial paper annually, is expected
to post sales of more than KRW600 billion this year, up 11 per
cent from a year ago.

CONTACT:

Shinho Paper Mfg. Co., Ltd.
Dongwon Bldg., 275, Yangjae-dong,
Socho-gu, Seoul
Telephone: (02)589-6300
Fax: (02)589-6351


* MOFE Voices Concern Over Troubled Credit Card Companies
---------------------------------------------------------
The Ministry of Finance and Economy (MOFE) plan to force
troubled card companies to form a single sounder business by way
of a merger, reports The Korea Times.

MOFE sends out this warning in order for card companies to speed
up restructuring in order to solve the credit card problems that
dented the financial market and the economy.

Analysts said it would take three to five years for Korea to
recuperate from credit card woes.

According to the MOFE, it will submit a revised bill for the
nation's credit card and financial sectors if necessary as part
of steps to facilitate the restructuring of card companies.


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


PILECON ENGINEERING: Unit's Default Status Unchanged
----------------------------------------------------
Pilecon Engineering Berhad (PEB) announced the status of default
in payments by its subsidiary Transbay Ventures Sdn Bhd (TVSB)
pursuant to Practice Note 1/2001 of the Bursa Malaysia
Securities Berhad. PEB announced that there have not been any
changes to the status of default since 5 October 2004.

CONTACT:

Pilecon Engineering Berhad
No. 2, Jalan U1/26 Seksyen U1,
Hicom-Glenmarie Industrial Park, Shah Alam,
Selangor Darul Ehsan 40000 Malaysia
Telephone: (603) 704-1888


SATERAS RESOURCES: To Submit Regularization Plan on November 25
--------------------------------------------------------------
Further to the announcement made on 1 October 2004 pursuant to
paragraph 4.1b of the Practice Note 4/2001 of the Listing
requirements of the Bursa Malaysia Securities Berhad, Sateras
Resources (Malaysia) Berhad announced that its application to
regularize its financial condition has been rescheduled to 25
November 2004 from 3 November 2004.

CONTACT:

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


SRIWANI HOLDINGS: SC OKs Restructuring Plan Extension
-----------------------------------------------------
In compliance with the requirements of Paragraph 4.1 (b) of the
Practice Note No. 4/2001 (PN 4/2001) of the Bursa Malaysia
Securities Berhad, Sriwani Holdings Berhad announced the
following development since the last announcement on 1 October
2004 pertaining to its plan to regularize its financial
condition.

The Securities Commission has approved an extension of time of
up to 28 February 2005 for the implementation of either the
restructuring plan (including the debt settlement with Malaysia
Airports (Sepang) Sdn Bhd) or the proposed alternative
restructuring plan and the proposed disposal of certain
properties of subsidiaries of SHB, as approved by the
shareholders of SHB on 8 April 2003 and 21 September 2004,
respectively.

Details on the extension of time are contained in the
announcement through Bursa Securities on 22 October 2004.

CONTACT:

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

This announcement is dated 1 November 2004.


SRIWANI HOLDINGS: Details Capital Reduction Exercise
----------------------------------------------------
Notice is hereby given that the shareholders whose Sriwani
Holdings Berhad (SHB) shares are already deposited in their
respective securities accounts at 5 p.m. on Tuesday, 30 November
2004 will have their shareholdings subjected to the Capital
Reduction and Consolidation.

Further notice is hereby given that the shareholders shall
qualify for entitlement to the Consolidated Shares and Rights
Issue only in respect of:

(a) SHB Shares transferred into the CDS Accounts of the
shareholders of SHB before 4 p.m. on Tuesday, 30 November 2004
in respect of ordinary transfers; and

(b) SHB Shares bought on Bursa Securities according to the Rules
of Bursa Securities on or before 5 p.m. on Tuesday, 23 November
2004.

In order to facilitate the Capital Reduction and Consolidation,
the trading of SHB Shares will be suspended with effect from 9
a.m. on Wednesday, 24 November 2004, and such suspension will
continue until the completion of the Rights Issue, provided SHB
meets the minimum public shareholding spread for re-quotation of
SHB Shares.

Shareholders should note that SHB would implement a restricted
issue of 7,272,847 new SHB Shares to Multi Esprit Sdn Bhd after
the Capital Reduction and Consolidation, which will be entitled
to the Rights Issue.

By Order of the Board of Directors of SRIWANI HOLDINGS BERHAD
Thum Sook Fun (MAICSA 7025619)
Company Secretary
Pulau Pinang
5 November 2004

CONTACT:

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

This announcement is dated 5 November 2004.


TENAGA NASIONAL: Non-Executive Director Resigns
-----------------------------------------------
Tenaga Nasional Berhad announced the resignation of its
Alternate Director Dato Kamariah Binti Hussain effective October
31, 2004.

Date of change: 31/10/2004

Type of change: Resignation

Designation: Alternate Director

Directorate : Non Independent & Non Executive

Name : DATO' KAMARIAH BINTI HUSSAIN

Age: 56

Nationality: Malaysian

Qualifications: Honours Degree in Economics, University of
Malaya

Masters in Public Administration, Pennslyvania State University,
USA

Working experience and occupation: Secretary, Tax Analysis
Division, Treasury, Ministry of Finance

Assistant Secretary, Contract and Supply Management Division,
Treasury, Ministry of Finance

Principal Assistant Secretary, Contract and Supply Division,
Treasury, Ministry of Finance

Principal Assistant Secretary, Economic Analysis and
International Division, Treasury, Ministry of Finance

Principal Assistant Secretary, Tax Analysis Division, Treasury,
Ministry of Finance

Deputy Secretary, Tax Analysis Division, Treasury, Ministry of
Finance

Deputy Secretary, Development Division of Ministry of Defence

Deputy Secretary, Tax Analysis Division (Revenue), Treasury,
Ministry of Finance

Secretary, Government's Procurement Management Division,
Ministry of Finance

Directorship of public companies (if any): Nil

Family relationship with any director and/or major shareholder
of the listed issuer: Nil

Details of any interest in the securities of the listed issuer
or its subsidiaries: Nil

CONTACT:

Tenaga Nasional Berhad
129 Jalan Bangsar
Kuala Lumpur, 59200
Malaysia
+60 3 2296 5566
+60 3 2283 3686

This announcement is dated 5 November 2004.


TRADEWINDS CORPORATION: Strikes Off Dormant Unit From CCM
---------------------------------------------------------
The Board of Directors of Tradewinds Corporation Berhad (TCB)
announced that upon application to the Companies Commission of
Malaysia (CCM), Jean Simon Wigs Sdn Bhd (JSW), a subsidiary of
Pernas Securities Sdn Berhad (PSSB) which in turn is a wholly
owned subsidiary of TCB, had been struck-off from the Register
of CCM on 15 October 2004 pursuant to Section 308(4) of the
Companies Act, 1965.

The notice from CCM in respect of the said matter was received
on 29 October 2004.

PSSB and Encik J.S. Brave held 85% and 15% equity interest in
JSW respectively.

JSW was a dormant Company and had ceased its business operations
in 1975. The Company ceased to be a subsidiary of TCB on 15
October 2004.

CONTACT:

Tradewinds Corporation Berhad
21st Floor, Wisma Zelan
No. 1, Jalan Tasik Permaisuri 2
Bandar Tun Razak
56000 Kuala Lumpur
Telephone: 03-91730177
Fax: 03-91734996
Web site: http://www.tradewindscorp.com/

This announcement is dated 2 November 2004.


TRU-TECH HOLDINGS: Issues Monthly Status Update
-----------------------------------------------
The Board of Directors of Tru-Tech Holdings Berhad announced
that it is in the process of finalizing a comprehensive
restructuring plan to regularize its financial condition.

Pursuant to Tru-Tech's announcement dated 27 February 2004
(First Announcement), the Company is required to announce its
detailed plan to regularize its financial condition within six
(6) months from the date of the First Announcement, i.e. 27
August 2004.

However, Bursa Securities, via its letter dated 25 August 2004
approved an extension of time for a period of three (3) months
from 28 August 2004 to 27 November 2004 for Tru-Tech to announce
the detailed plan to regularize its financial condition. The
details of the restructuring plan will be announced once it is
finalized.

Avenue, on behalf of the Board of Directors of Tru-Tech,
announced that there has been no material development in respect
to the Company's plan to regularize its financial position since
the announcement dated 1 October 2004.

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

This announcement is dated 1 November 2004.


UNITED CHEMICAL: Releases Restructuring Update
----------------------------------------------
In respect of the Proposed Restructuring of United Chemical
Industries Berhad (UCI), the Company announced that it is in the
process of finalizing its explanatory statement-cum-circular to
seek shareholders' and creditors' approvals.

There is no other major development to the Proposed
Restructuring of UCI.

CONTACT:

United Chemical Industries Berhad
10th Floor, Wisma MCA
Jalan Ampang
50450 Kuala Lumpur, WP
Malasia
Telephone: 603-2619055
Fax: 603-2610502

This announcement is dated 1 November 2004.


WCT ENGINEERING: Notes Closed Period Dealings
---------------------------------------------
WCT Engineering Berhad (WCT) is now in the closed period for
dealing in its securities pending the announcement of its
results for the Third Quarter ended 30 September 2004.

The Company wishes to inform the Bursa Malaysia Securities
Berhad (BMSB) that it has on 5 November 2004 received
notification from a Director on his intention to deal in the
securities of WCT during this closed period. The details of his
current interests in the securities of the Company are set out
in the table below:

Name of Director: Mr. Chua Siow Leng (Executive Director)

Direct Interest No. of Shares (%): 780,000 (0.64)

Indirect Interest No. of Shares (%):

Direct Interest No. of Warrants (%):172,000 (0.54)

Indirect Interest No. Warrants (%):

CONTACT:

WCT Engineering Berhad
12, Jalan Majistret U1/26
Seksyen U1, Lot 44, Hicom-Glenmarie Industrial Park
40150 Shah Alam, Selangor Darul Ehsan, Malaysia
Telephone: 603-7805 2266
Fax: 603-7804 9877
E-mail: wctbhd@wcte.com.my

This announcement is dated 5 November 2004.


WEMBLEY INDUSTRIES: Issues Practice Note 4/2001 Update
------------------------------------------------------
Wembley Industries Holdings Berhad announced the status of
Practice Note 4/2001 (PN4) of the Bursa Malaysia Securities
Berhad listing requirements for November 2004.

1. PN4

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

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

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

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

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

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

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

On 12 March 2004, Alliance announced on behalf of the Company
further revisions to the Company's regularization plan. The
application to the SC for the said revisions will be made by
within one (1) month from 12 March 2004. On 12 April 2004,
Alliance announced on behalf of the Company that the Company
intends to submit the application to the SC within one (1) month
from 12 April 2004, after incorporating its latest audited
results for the financial year ended 31 December 2003. On 13 May
2004, the Company further announced that the terms and
conditions of the Debt Restructuring Agreement ("DRA") have been
agreed upon and signed by all the financial institutions and
creditors participating in the Proposed Debt Restructuring
except for one creditor. On 18 October 2004, the Company
announced that the Company and its subsidiary, Plaza Rakyat Sdn
Bhd had entered into a Debt Restructuring Agreement on 15
October 2004 with parties who are participating in the Proposed
Debt Restructuring Scheme except for Daewoo Engineering and
Construction Co Ltd. The Company's application to the SC in
respect of the proposed revision to the Company's regularization
plan will be submitted within one month from the date of
completion of the preparation of the revised profit and cash
flow forecasts and projections of the Company.

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

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

1.6 On 14 October 2004, the Exchange issued a tenth reminder
pursuant to PN4 to the Company to remind the Company to
implement its regularization plan within the timeframe or
extended timeframe prescribed by the Securities Commission
failing which the Exchange will commence de-listing procedures
against the Company.

2.0 INVESTIGATIVE AUDIT

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

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

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

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

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

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

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

CONTACT:

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

This announcement is dated 1 November 2004.


WOO HING: Completes Settlement Deal
-----------------------------------
The Special Administrator (SA) of Woo Hing Brothers (Malaya)
Berhad and Kamdar Group Vendors (as defined in the
aforementioned Information Circular), on 7 October 2004 have
agreed that the Proposed Listing Transfer and Proposed Main
Board Transfer not be inter-conditional with the Proposed Cash
Payment and Proposed Disposal of the Company.

The SA announced on 28 October 2004 that the perfection of the
transfer or assignment (as the case may be) of the Company's
remaining properties to Malayan Banking Berhad as stipulated in
the Settlement Agreement dated 18 June 2003 was completed.

Yours faithfully
HENG JI KENG
Special Administrator
Date: 1 November 2004

CONTACT:

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


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


BAYAN TELECOMMUNICATIONS: Says Extelcom Still Viable
----------------------------------------------------
Bayan Telecommunications Philippines Inc. (BayanTel) will
continue to look for ways to revive its ailing cellular unit
Express Telecom (Extelcom) even as this has already been written
off from the Company's books, ABS-CBN News reports, citing Chief
Consultant Tunde Fafunwa.

BayanTel Chief Finance Officer Salvador Tirona believes that
Extelcom is still attractive to investors because it has the
technical resources to run a cellular mobile telephone system
(CMTS) network.

Express Telecom is currently working on the restructuring of its
Php1.2-billion loan with three creditor banks.

BayanTel said revenues for next year would increase by 10
percent to about P6 billion to be driven by strong sales from
its fixed-line, international long distance and data services.

CONTACT:

Bayan Telecommunications Inc,
Investor Relations 3/F Bayantel
Corporate Center Maginhawa corner
Malingap Streets Teacher's Village East,
Diliman Quezon City 1101,
Web site: http://www.bayantel.com.ph/


BAYAN TELECOMMUNICATIONS: Seeks To Defer Initial Public Offering
----------------------------------------------------------------
Bayan Telecommunications, Inc. (BayanTel) has asked the
government to defer any plans of requiring the Company to
undertake an initial public offering (IPO) due to its current
unfavorable financial situation, reports the Philippine Star.

The Corporate Rehabilitation Court earlier approved its debt
restructuring, which allows the firm to pay for its US$325
million debt for a period of 19 years.

This year, BayanTel is projecting a negative bottom line,
although EBITDA (earnings before interest, taxes, depreciation
and amortization) is seen growing by 45 percent compared to last
year, and net revenue increasing eight percent to Php5.4
billion.


MANILA ELECTRIC: Forecasts Php2.5-Bln Profit This Year
------------------------------------------------------
The Manila Electric Co. (Meralco) is expecting a net income of
more than Php2.5 billion this year, the Philippine Daily
Inquirer reports.

This is on the back of energy sales growth of 4.2 percent from
January to October, compared with 3.8 percent in January to
September. Industrial and commercial power sales registered the
biggest growth.

Starting this month, Meralco rates will go up to Php4.57 from
Php3.50 per kWh to reflect the increase in the National Power
Corporation (Napocor) charges.

According to a previous TCR-AP report, Meralco said that it
would have to be more efficient in operations to counter the
liquidity crunch caused by the Court-ordered refunds to users.
The power distributor had estimated the refund to cost some
PhP30 billion.

CONTACT:

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


NATIONAL BANK: Board Advisor Resigns
------------------------------------
In a disclosure to the Philippine Stock Exchange, the Philippine
National Bank (PNB) announced that during the Executive Session
of the Board of Directors held on 12 November 2004, the Board
accepted the resignation of Mr. Enrique G. Filamor as its Board
Advisor.

The bank also approved the appointment of Atty. Jose Ngaw as the
new member of the Board of Advisors.

CONTACT:

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


NATIONAL POWER: Issues Invitation to Bid
----------------------------------------
The National Power Corporation (NPC) invites all Steam Coal
Suppliers/Producers, foreign and local, to apply for eligibility
and to bid for the supply and delivery of steaming coal
requirements for its Pagbilao Coal Fired Thermal Power
Plant, Batch 3, CY 2005.

ELIGIBILITY CRITERIA

(1) The prospective bidder must have a largest single contract
similar to the contract to be bid adjusted to current prices
using the wholesale consumer price index completed within the
period and valued at least fifty percent (50%) of the Approved
Budget for the Contract (ABC).

(2) The prospective bidder must present a commitment from a
licensed bank to extend to him a Credit Line if awarded the
contract to be bid, or a Cash Deposit Certificate both of which
shall be at least ten percent (10%) of the ABC to be bid, or
must have a net Financial Contracting Capacity (NFCC) at least
equal to the ABC.

The complete sets of eligibility requirements/bidding documents
are available for issuance at the Office of the Bids and
Contract Services Department (BCSD), NPC, Diliman, Quezon City
with telefax no. (632) 922-1622 or email at
sediamante@napocor.gov.ph, upon payment of a non-refundable fee
of Twenty Thousand Pesos (P20,000.00) per mine source.

Prospective Bidders who were issued Tender Documents shall be
evaluated as to eligibility based on a non-discretionary
"pass/fail" criteria prescribed in the eligibility
requirements/tender documents. Source of funding for these
requirements is Internal Cash Generation of National Power
Corporation.

The coal volume requirements are tabulated hereunder: (Coal
Quality Specifications are available at NPC (www.napocor.gov.ph)
and DBM (www.procurementservice.net.com) websites and at the
office of the Bids and Contracts Services Department (BCSD).

The requirements are tabulated hereunder:

CY 2005 (Batch 3)
SPOT CONTRACT

OPEN TENDER

Batch No./Schedule: Batch 3/PCF3-I-CY05 (11.04)

Plant: Pagbilao CFTPP

Vol. (MT): 4 X 65,000 + 10%

Approved Budget for the Contract (ABC)* In Php: P240,240,000.00
per lot/delivery

Pre Bid-Conference: Nov. 19, 2004 2 P.M. Kanao Room, Fiesta Hall

Submission of Eligibility Docs/Bids (E-Bidding): December 3,
2004 9:30 A.M. Moriones Room, Fiesta Hall

ABC* - includes Load Tolerance
Forex rate: US$1.00= P56.00

Prospective bidders shall submit offer as per Instruction to
Bidders (IB) of the Tender Documents for each tender. Shipments
shall be in panamax vessel size per delivery schedule.

The Bids and Awards Committee (BAC), NPC reserves the right to
reject any bid, and to annul the bidding process and reject all
bids, at anytime prior to award of contract, without thereby
incurring any liability to the affected bidder(s).
Any inquiry regarding the above invitation shall be addressed to
the undersigned.

SILVANO C. ZANORIA
SVP, ME & TMS and
Chairman, Contracts Award Committee

CONTACT:

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

This Company press release is dated 5 November 2004.


NATIONAL POWER: Posts Bidding Notice
------------------------------------
The National Power Corporation (NPC) invites all Steam Coal
Suppliers/Producers, foreign and local, to apply for eligibility
and to bid for the supply and delivery of steaming coal
requirements for Masinloc Coal Fired Thermal Power
Plant, Batch 2, CY 2005 (3-Year Long Term Contract).

ELIGIBILITY CRITERIA

(1) The prospective bidder must have a largest single contract
similar to the contract to be bid adjusted to current prices
using the wholesale consumer price index completed within the
period and valued at least fifty percent (50%) of the Approved
Budget for the Contract (ABC).

(2) The prospective bidder must present a commitment from a
licensed bank to extend to him a Credit Line if awarded the
contract to be bid, or a Cash Deposit Certificate both of which
shall be at least ten percent (10%) of the ABC to be bid, or
must have a net Financial Contracting Capacity (NFCC) at least
equal to the ABC.

The complete sets of eligibility requirements/bidding documents
are available for issuance at the Office of the Bids and
Contract Services Department (BCSD), NPC, Diliman, Quezon City
with telefax no. (632) 922-1622 or email at
sediamante@napocor.gov.ph, upon payment of a non-refundable fee
of Twenty Thousand Pesos (P20,000.00) per mine source.

Prospective Bidders who were issued Tender Documents shall be
evaluated as to eligibility based on a non-discretionary
"pass/fail" criteria prescribed in the eligibility
requirements/tender documents. Source of funding for these
requirements is Internal Cash Generation of National Power
Corporation.

The coal volume requirements are tabulated hereunder: (Coal
Quality Specifications are available at NPC (www.napocor.gov.ph)
and DBM (www.procurementservice.net.com) websites and at the
office of the Bids and Contracts Services Department (BCSD).

The requirements are tabulated hereunder:

CY 2005 (Batch 2)
3-YEAR LONG TERM CONTRACT

OPEN TENDER

BATCH NO./SCHEDULE: Batch 2/MCF2-II-CY05 (11.04)

PLANT: Masinloc CFTPP

VOL. (MT): 6 x 65,000 + 10%

APPROVED BUDGET FOR THE CONTRACT (ABC) * in Php: Php
1,681,680,000.00 (For Contract year 1)

PRE-BID CONFERENCE: Nov. 18, 2004 9:30 a.m. Moriones Room,
Fiesta Hall

SUBMISSION OF ELIGIBILITY DOCS/BIDS (E-BIDDING): Dec. 2, 2004
9:30 a.m. Moriones Room Fiesta Hall

ABC* - includes Load Tolerance
Forex rate: US$1.00= P56.00

Delivery period: January -December 2005 (First Year)
January -December 2006 (Second Year)
January -December 2007 (Third Year)

Prospective bidders shall submit offer as per Instruction to
Bidders (IB) of the Tender Documents for each tender. Shipments
shall be in panamax vessel size per delivery schedule.

The Bids and Awards Committee (BAC), NPC reserves the right to
reject any bid, and to annul the bidding process and reject all
bids, at anytime prior to award of contract, without thereby
incurring any liability to the affected bidder(s).
Any inquiry regarding the above invitation shall be addressed to
the undersigned.

SILVANO C. ZANORIA
SVP, ME & TMS and
Chairman, Contracts Award Committee

This Company press release is dated 5 November 2004.


NATIONAL POWER: Aboitiz Group Rethinks Plan to Bid For Plant
------------------------------------------------------------
The Aboitiz group may not participate in this month's bidding
for the 600-megawatt Masinloc coal-fired power plant with the
government sticking to its decision not to guarantee that the
winning bidder will have buyers of power from the plant, ABS-CBN
News reports.

Aboitiz Equity Ventures Executive Vice President and Chief
Operating Officer Erramon Aboitiz said the Company is not keen
on the fact Masinloc would be sold without any power sale
contract.

"We are debating whether we will participate. We are a little
uncomfortable about the fact that the plant will come without a
transition supply contract. While the WESM (wholesale
electricity spot market) is not yet developed, we feel that it
might be too much of a risk at this point in time to bid for
plants which do not have contract," Mr. Aboitiz said.

Aboitiz said it might be too risky to acquire Masinloc when
there is no assured market for the power it would be generating.

CONTACT:

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

Aboitiz Corporate Center
Gov. Manuel A. Cuenco Ave., Kasambagan, Cebu City or
Liason Office: 6/F, 110 Legaspi Building
Legaspi St., Legaspi Village, Makati City
Tel. No: (032) 231-2580; 816-2881 to 86 (Liason)
Fax No: (032) 231-4037/2710; 817-3560 (Manila)
E-mail Address:  aev@aboitiz.com
URL:  http://www.aboitizequityventures.com


NATIONAL POWER: Government To Assume PhP200 Bln In Bonds
--------------------------------------------------------
The Philippine government will assume PhP200 billion in
government-guaranteed bond issues of the National Power
Corporation (Napocor), the Business World reports, citing Energy
Secretary Vincent Perez.

The Department of Finance and the Department of Budget and
Management have already finalized the decision, Mr. Perez says.

The move is considered a necessary step to complete the sale of
Napocor assets. The Power Sector Assets and Liabilities
Management Corporation has auctioned five Napocor hydroelectric
power plants but has yet to transfer these plants to the winning
bidders because it lacked creditors' consent.


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


ALL GREEN: Unveils 3Q Results
-----------------------------
All Green Properties unveiled its third quarter results at the
Singapore Stock Exchange.

The Company's operating expenses increased to 1,585 from the
same quarter in the previous year.

The group's revenue decreased by 55.7% to SG$55.9 million in the
third quarter of 2004 from the SG$126.2 million in 2003.

To view the entire document click on:
http://bankrupt.com/misc/tcrap_allgreenproperties111204.pdf


CIRCUITS TECHNOLOGIES: Winding Up Order Made
--------------------------------------------
In the matter of Circuits Technologies (1992) 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
URA Centre (East Wing)
45 Maxwell Road #05-11 & #06-11
Singapore 069118

Lee & Lee
Solicitors for the Petitioner

This Singapore Government Gazette notice is dated November 12,
2004.


GOODWOOD PARK: Posts Change in Shareholder's Interest
-----------------------------------------------------
Goodwood Park Hotel Ltd released a notice on November 13, 2004
at the Singapore Stock Exchange pertaining to the change in the
Percentage Level of the Interest of Khoo Bee Geok Mavis.

Part I

(1) Date of notice to issuer: November 12, 2004

(2) Name of Director: Khoo Bee Geok Mavis

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

Part II

(1) Date of change of Interest: November 10, 2004

(2) Name of Registered Holder Please refer to the Appendix
attached

(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 de-listing of GPHL

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

No. of Shares held before the change 40,128,768
As a percentage of issued share capital 93.34 %

No. of Shares which are subject of this notice 66,589
As a percentage of issued share capital 0.16 %

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received 53.53

No. of Shares held after the change 40,195,357
As a percentage of issued share capital 93.50 %

Part III

(1) Date of change of Interest:

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

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

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

Part IV

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

                                             Direct      Deemed
No. of shares held before the change         31,959  40,096,809
As a percentage of issued share capital        0.07%      93.27%
No. of shares held after the change          31,959  40,163,398
As a percentage of issued share capital       0.07%       93.43%

Submitted by:
David Poh Tze Keong
Company Secretary


GOODWOOD PARK: Shareholder's Interest Changes
---------------------------------------------
Goodwood Park Hotel Ltd released a notice on November 13, 2004
at the Singapore Stock Exchange pertaining to the change in the
Percentage Level of the Interest of Khoo Kim Geok Jacqueline.

Part I

(1) Date of notice to issuer: November 12, 2004

(2) Name of Director: Khoo Kim Geok Jacqueline

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

Part II

(1) Date of change of Interest: November 10, 2004

(2) Name of Registered Holder Please refer to the Appendix
attached

(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 de-listing of GPHL

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

No. of Shares held before the change 40,137,977
As a percentage of issued share capital 93.36 %

No. of Shares which are subject of this notice 66,589
As a percentage of issued share capital 0.16 %

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received 53.53

No. of Shares held after the change 40,204,566
As a percentage of issued share capital 93.52%

Part III

(1) Date of change of Interest:

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

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

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

Part IV

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

                                           Direct       Deemed
No. of shares held before the change       39,800   40,098,177
As a percentage of issued share capital      0.09%       93.27%
No. of shares held after the change        39,800   40,164,766
As a percentage of issued share capital      0.09%

Submitted by:
David Poh Tze Keong
Company Secretary


GOODWOOD PARK: Reveals Change in Holdings
-----------------------------------------
Goodwood Park Hotel Ltd released a notice on November 13, 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 12, 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 Interest:

(2) Name of Registered Holder

(3) Circumstance(s) giving rise to the interest or change in
interest [Select Option]
- 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 10, 2004

(2) The change in the percentage level From 93.27 % To 93.43 %

(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 de-listing 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   36,051,454
As a percentage of issued share capital       9.41%       83.86%
No. of shares held after the change      4,045,355   36,118,043
As a percentage of issued share capital       9.41%       84.02%

Submitted by:
David Poh Tze Keong
Company Secretary


IONICS EMS: Posts 3Q Financial Statement
----------------------------------------
Ionics Ems Inc posted its third quarter financial statements and
dividend amendments at the Singapore Stock Exchange on November
15, 2004.

Operating expenses dropped to PhP 200,294 from PhP 255,948 in
the same period the previous year, while a total loss of PhP
122, 530 was booked for the quarter.

To view the entire document click on:
http://bankrupt.com/misc/tcrap_ionicsems111504.pdf


MASTER TRAINER: Court Issues Winding Up Order
---------------------------------------------
In the matter of Master Trainer Corporation Pte Ltd., a Winding
Up Order was made on 29th day of October 2004.

Name and address of Liquidator: Mr. Chong Kek Sing of Chong Lim
& Partners at 50 Robinson Road, #16-00 MNB Building, Singapore
068882.

Kenneth Tan Partnership
Solicitors for the Petitioners

This Singapore Government Gazette notice is dated November 12,
04.


SINGAMIP ENTERPRISE: Receives Winding Up Order
----------------------------------------------
In the matter of Singamip Enterprise Pte Ltd., a Winding Up
Order was made on the 5th day of November 2004.

Name and address of liquidator(s): Sim Guan Seng &
John Teo Cheng Lok
c/o Messrs TeoFoongWongLCLoong
15 Beach Road
#03-10 Beach Centre
Singapore 189677

Messrs Shook Lin & Bok
Solicitors for the Petitioners

This Singapore Government Gazette notice is dated November 12,
2004.


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


DATAMAT: Unveils Resolution Passed at Board Meeting
---------------------------------------------------
In a disclosure to the Stock Exchange of Thailand (SET) Datamat
Public Company Limited advised that during the Board of
Directors' Meeting No. 11/2004 held on November 15, 2004, at
3:00 P.M., the following was resolved:

(1) Approval of the Company's Financial Statement ended 30
September 2004.

(2) Approval of the Company suretyship for Image Technologies
Co., Ltd. for the leasing of Fujitsu scanner machines with Siam
Panich Leasing Public Company Limited, credit line of
THB400,000.  At present, the Company holds 99 percent of shares
in Image Technologies Co., Ltd., and the suretyship is
proportional.

Please be informed accordingly.

Yours faithfully,
Kusol Sangkananta
Kusol Sangkananta
Director and Secretary to the Board

CONTACT:

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


SIAM STEEL: Releases Reviewed 1Q, Consolidated FS
-------------------------------------------------
Siam Steel International Public Company Limited submitted to the
Stock Exchange of Thailand (SET) its reviewed quarterly
financial statements.

Siam Steel International Public Co., Ltd.
Reviewed Ending September 30 (In thousands)

Quarter 1

Year                  2004       2003

Net Profit (loss)    27,824      21,714

EPS (baht)           0.17        0.13

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."

Deloitte Touche Tohmatsu Planners Co., Ltd.
The First Plan Administrator
Siam Steel Planner Co., Ltd.
The Second Plan Administrator

For more information, click
http://bankrupt.com/misc/siame1.doc
http://bankrupt.com/misc/siame2.xls
http://bankrupt.com/misc/siame3.doc

CONTACT:

Siam Steel International Public Company Limited
51 Puchaosamingphrai Road,
Phra Pra Daeng, Samut Prakarn
Telephone: 0-2384-3030
Fax: 0-2384-2330
Web site: www.siamsteel.com


THAI PETROCHEMICAL: To Name New Partners Next Month
---------------------------------------------------
Thai Petrochemical Industry Public Company Limited's (TPI) new
strategic partners will be named within one month, reports the
Bangkok Post.

The details of the new strategic partners as well as the details
on TPI's 17-billion-share offering including pricing and
placement, will be finalized over the next month, Suparut
Kawatkul, a permanent secretary at the Finance Ministry said.

As part of its new debt-restructuring plan, TPI will offer new
shares to new investors, creditors and existing shareholders,
including its founder Prachai Leophairatana.

The proceeds of the new share offering will be used to pay off
$900 million in debt, to be comprised of 12 billion in new
shares and five billion in existing shares currently held by
creditors.

After the capital restructuring, the remaining debt of $1.8
billion will be repaid over a 10-12 year period.

The restructuring plan calls for TPI to first write down capital
to offset existing losses, and sell off 240 million shares now
held by cement producer TPI Polene. Funds from the share sale
will be used to repay debts of $250 million.

PTT Plc was expected to take management control of TPI after the
share offering, but the Company had not yet submitted the
conditions regarding its investment in TPI, Mr. Suparut said.

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 PETROCHEMICAL: SET Posts Notice Pending Sign on Securities
---------------------------------------------------------------
Thai Petrochemical Industry Public Company Limited (TPI) has
submitted to the Stock Exchange of Thailand (SET) its reviewed
financial statements for the period ending 30 September 2004.

As the Company's auditor was unable to reach any conclusion on
the financial statements, it can be considered that the numbers,
which represent the Company's financial status and operating
outcome as presented in its financial statements, failed to
adequately and/or properly reflect the actual position of the
Company.

Due to these discrepancies, the Securities and Exchange
Commission (SEC) considered requiring the Company to amend its
financial statements on the issues raised by its auditor.

Therefore, the SET has posted an SP (Suspension) sign to suspend
trading on the securities of TPI on 16 November 2004 to enable
shareholders and general investors to have sufficient time to
scrutinize an auditor's report on the review of its financial
statements including the Company's clarification.

The SET will grant the above Company permission to continue
trading its securities and post an NP (Notice Pending) sign on
17 November 2004 until the Company has the opportunity to submit
its amended financial statements or the SEC concludes that it
will not be necessary to amend its financial statements.


THAI PETROCHEMICAL: Unveils Reviewed, Consolidated 3Q FS
--------------------------------------------------------
Thai Petrochemical Industry Public Company Limited (TPI)
released to the Stock Exchange of Thailand (SET) its reviewed
quarterly financial statements.

Thai Petrochemical Industry Plc
Reviewed Ending September 30 (In thousands)

Quarter 3               For 9 Months
Year              2004        2003          2004        2003

Net profit (loss) 3,178,654   2,725,344     5,683,319
2,786,069

EPS (baht)        0.40        0.35          0.72        0.35

Type of report: Unable to reach any conclusion

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."

(Suwit Nivartvong)
for Plan Administrator
Thai Petrochemical Industry Pcl
Authorized to sign on behalf of the Company

For more information, click
http://bankrupt.com/misc/tpie1.doc
http://bankrupt.com/misc/tpie2.xls
http://bankrupt.com/misc/tpie3.doc





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

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