TCRAP_Public/041221.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, December 21, 2004, Vol. 7, No. 252

                            Headlines


A U S T R A L I A

ADSTEAM MARINE: Unit Snags LNG Towing Contract in U.K.
ARISTOCRAT LEISURE: Convenes Special General Meeting Today
ART-WORX PTY: To Declare First and Final Dividend on January 10
BIG KEV'S: Hopes To Return to Black in 2005
BRAMICH'S BAKERY: Members Resolve to Wind Up Voluntarily

CARFEE PTY: To Declare Dividend on January 14
COMMUNITY CORPORATE: To Hold Joint Meeting on January 5
DECLORE PTY: Final Dividend to be Declared on January 21
DOCO NO. 27: To Convene Joint Meeting on January 6
GOLDFIELDS BOOKKEEPING: Sets January 5 as Date of Final Meeting

HAWKER DE HAVILLAND: Members Resolve to Voluntarily Wind Up
JAMES HARDIE: Says Asbestos Talks "Positive"
MASTER ACCOUNTANTS: To Declare Final Dividend on January 23
MOONGEM HOLDINGS: Final Meeting Slated for December 23
ORB ENTERPRISES: Sets Final Meeting on December 22

REDFIELD INVESTMENTS: Joint Meeting Set January 5
SUNBROOK NOMINEES: To Convene Joint Meeting on January 5
TONY MICHAEL: Schedules Final Meeting on December 23
WINFIELD HOLDINGS: To Declare Interim Dividend on January 23


C H I N A  &  H O N G  K O N G

ATEX LIMITED: Court to Hear Winding Up Petition on January 5
CROWN WINNER: Winding Up Hearing Set January 12
E-LIFE INTERNATIONAL: 1H Net Loss Widens to HK$10.6 Mln
HONGKONG CHAN: Enters Bankruptcy Proceedings
INTERCHINA HOLDINGS: Posts HK$32.6-Mln Net Loss in H1

LEGEND INTERNATIONAL: Sets Bankruptcy Petition Hearing Dec. 22
SKYNET INTERNATIONAL: Net Loss in H1 Widens to HK$4.7 Mln
WAI YUEN: 1H Net Loss Narrows to HK$11 Mln
YUNFEILONG FASHION: Winding Up Hearing Slated for January 19


I N D O N E S I A

PERTAMINA: Reports Fuel Hoarding in 10 Plants
PERTAMINA: Raises LPG, High-Quality Gasoline Prices
PERUSAHAAN LISTRIK: To Honor Deals With Independent Power Firms
SEMEN GRESIK: Pays IDR39.67/share Interim Dividend


J A P A N

DAISHINTO INCORPORATED: METI Authorizes Restructuring Plan
FUJI COUNTRY: Files for Liquidation
FUJIKURA LIMITED: METI Approves Business Revival Program
FURUKAWA ELECTRIC: METI OKs Business Reorganization Scheme
SEIBU RAILWAY: TSE Delists Shares After 5 Decades of Trading

TOSHIBA CORPORATION: Says Investment in Indonesia Plummets
UFJ HOLDINGS: Submits Amended Report
UFJ HOLDINGS: Details Corporate Business of New Trust Bank
UFJ HOLDINGS: Cancels Integration of Corporate Lending Business


K O R E A

LG CARD: President Calls for LG Group to Support Cap Boost


M A L A Y S I A

AOKAM PERDANA: Completes Regularization of Financial Status
CONSOLIDATED FARMS: Court OKs Restraining Order Extension
FABER GROUP: Lists Additional Shares
FARLIM GROUP: Details Financial Aid Rendered
INTAN UTILITIES: Updates Proposed Mandate

KSU HOLDINGS: Updates Delisting of Securities
MTD CAPITAL: Releases Shares Buy Back Notice
NAM FATT: Unit Voluntarily Liquidates
PETALING TIN: Discloses Unaudited Quarterly Results
SETEGAP BERHAD: Issues Litigation Update

TRU-TECH HOLDINGS: Updates Default Status


P H I L I P P I N E S

CAMP JOHN: Defaults On Lease Payment
COLLEGE ASSURANCE: In Talks With U.S. Firm For New Loan
METRO PACIFIC: Clarifies Fort Bonifacio Property Auction Report
NEGROS NAVIGATION: PSE To Delist Securities on December 22
PHILIPPINE REALTY: Releases Amended Annual Report


S I N G A P O R E

ASA PACIFIC: Winding Up Hearing Set January 14
CAPITALAND LIMITED: Unit Undergoes Voluntary Liquidation
CHINA AVIATION (S): Meets With SIAS
CHINA AVIATION (S): Shares May Be Suspended for 6-7 Months
G15 INVESTMENT: Court To Hear Bankruptcy Petition on Dec. 31

HONG LEONG: Clarifies Straits Times Article


T H A I L A N D

MANAGER MEDIA: Unveils Capital Registration Increase
SIAM AGRO: Revokes Appointment of 2 New Directors
THAI PETROCHEMICAL: Final Share Pricing Could Be Delayed
THAI WAH: Unveils Year 2005 Holidays
BOND PRICING: For the Week 20 December to 24 December 2004

     -  -  -  -  -  -  -  -

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


ADSTEAM MARINE: Unit Snags LNG Towing Contract in U.K.
------------------------------------------------------
A subsidiary of Adsteam Marine Limited has won the contract for
liquefied natural gas (LNG) towage services in U.K., according
to Egoli News.

Adsteam U.K. snagged the towage contract following a tender
process and is designed to support the import of the UK's first
new LNG supplies as indigenous North Sea gas production
declines.   

The contract was awarded to support BP and Sonatrach's
importation of LNG into a new terminal on the Isle of Grain in
Kent, England.

Adsteam U.K. will provide high specification tugs to assist the
berthing and unberthing of tankers, as well as being on standby
duty during the cargo discharge process. The commissioning cargo
is due into the import terminal in the first quarter of 2005,
with beneficial operation expected to commence in the second
quarter next year.

The initial capacity of the new import terminal is 4.5 billion
cubic meters per annum, equivalent to 1 cargo per week,
representing 5 percent of the U.K.'s gas consumption.

Adsteam U.K. is one of the longest-established ship assist
specialists in this field and has been operating on the Medway
for over a century.

CONTRACT:

Adsteam Marine- Corporate Office
Adsteam Harbour
United Salvage (Australia and the Pacific)
Level 22, Plaza 2
500 Oxford Street
Bondi Junction NSW 2022
Australia
Phone: +61 2 9369 9200
Fax: +61 2 9369 9266
E-mail: info@adsteam.com.au
Web site: http://www.adsteam.com.au/


ARISTOCRAT LEISURE: Convenes Special General Meeting Today
----------------------------------------------------------
The Special General Meeting of Aristocrat Leisure Limited was
scheduled for today, December 21, 2004 at Ballroom 1, Star City,
80 Pyrmont Street, Pyrmont.

The Australian Shareholders' Association has indicated its
voting intentions for 1 of the resolution(s) to be considered.

Resolutions to be considered:

Resolution 1:

To approve the participation of CEO, Mr. Paul Oneile, in the
Long Term Performance Share Plan and to grant Mr. Oneile 380,000
performance share rights
ASA will vote: For

The ASA has written to the Company outlining our concerns and
quote from our letter to the chairman: While the increase in ALL
TSR over the last year under Mr. Oneile's executive leadership
has been commendable and we think it desirable that he should
participate in a properly structured long-term incentive plan
the ASA is concerned that calling a meeting to approve this
grant ten days before the close of your financial year (and when
the likely year-end results are known to you) points to either a
lack of planning on the part of the board or, perhaps undue
haste.

The ASA will update members when it has considered the reply
from the chairman, Mr. David Simpson.

CONTACT:

Aristocrat Leisure Ltd.
71 Longueville Road,
LANE COVE, NSW,
AUSTRALIA, 2066  
Head Office Telephone: (02) 9413 6300  
Head Office Fax: (02) 9420 1352  
Web site: http://www.aristocratgaming.com


ART-WORX PTY: To Declare First and Final Dividend on January 10
---------------------------------------------------------------
A first and final dividend is to be declared on the 10th day of
January 2005 for Art-Worx Pty Ltd (In Liquidation) A.C.N. 092
630 996.

Creditors whose debts or claims have not already been admitted
were required on or before the 2nd day of December 2004 formally
to prove their debts or claims. If they have not, they would be
excluded from the benefit of the dividend.

Dated this 10th day of November 2004

A.G. Scott
Official Liquidator
SimsPartners
Level 6, 12 Pirie Street,
Adelaide SA 5000
Telephone: 8233 9900
Facsimile: 8211 6644,
E-mail: adel@simspartners.com.au


BIG KEV'S: Hopes To Return to Black in 2005
-------------------------------------------
Due to rationalization now undertaken, Big Kev's Limited is
optimistic business will recover by January 2005, reveals Egoli
News.

At this stage, the firm's directors are still unable to estimate
the full effect of the improved circumstances on the full-year
result. However, they forecast the monthly gross profit is
unlikely to exceed AU$10,000.

According to Big Kev's, Prodigy Business Solutions Limited has
been appointed to merchandise product to supermarkets and have
been able to retain some listings. Prodigy will also warehouse
Big Kev's products after the latter's warehouses close in
February next year.

In a statement, Big Kev's acknowledged that profits will be
small and barely enough to support a public Company structure.
But with the firm's improving performance, Big Kev's directors
believe it is essential for the Company to withdraw permanently
from its "penny stock" status.

The Company concluded that this would be essential if the
Company is to use scrip for any acquisition and reflects the
fact that little of its present shareholder funds remain.

CONTACT:

Big Kev's Limited  
4/8 Reichert Drive Ernest
Queensland 4211
Australia
Phone: +61 7 5594 6233
Fax: +61 7 5594 7911  
Web site: http://www.bigkev.com.au/


BRAMICH'S BAKERY: Members Resolve to Wind Up Voluntarily
--------------------------------------------------------
At a General Meeting of Bramich's Bakery Pty Ltd (In
Liquidation) A.C.N. 009 490 126 held on the 5th day of November
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 liquidator so
desire.

Dated this 5th day of November 2004

John George Bonney
Liquidator
Bonney Hortle & Partners Pty Ltd
56 Oldaker Street, Devonport Tas 7310


CARFEE PTY: To Declare Dividend on January 14
---------------------------------------------
A first and final dividend is to be declared on 14 January 2005
for Carfee Pty Ltd (In Liquidation) formerly trading as the
Marketing Mix A.C.N. 066 378 729.

Creditors whose debts or claims have not already been admitted
were required on 10 December 2004 formally to prove their debts
or claims. If they have not, they would be excluded from the
benefit of the dividend.

Dated this 12th day of November 2004

K.S. Wallman
Liquidator
PO Box 4055, Wembley WA 6014


COMMUNITY CORPORATE: To Hold Joint Meeting on January 5
-------------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Community Corporate Management Pty Ltd (In Liquidation) A.C.N.
099 305 683 will be held at the offices of Hall Chadwick, Level
40, BankWest Tower, 108 St George's Terrace, Perth WA 6000 on 5
January 2005 at 11:15 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 Joint and
Several Voluntary Liquidators.

Dated this 12th day of November 2004

K.A. Strickland
Liquidator
Hall Chadwick
Level 40, BankWest Tower,
108 St George's Terrace,
Perth WA 6000


DECLORE PTY: Final Dividend to be Declared on January 21
--------------------------------------------------------
A first and final dividend to creditors is to be declared on 21
January 2005 for Declore Pty Ltd (In Liquidation) (Subject To
Deed Of Company Arrangement (Declore) trading as Cash Converters
Midland A.C.N. 009 274 275.

Creditors whose debts or claims have not already been admitted
were required on Tuesday, 14 December 2004 to formally prove
their debts or claims.  If they have not, they would be excluded
from the benefit of the dividend.

Dated this 15th day of November 2004

Cliff Rocke
Deed Administrator
PPB
Level 1, 5 Mill Street, Perth WA 6000


DOCO NO. 27: To Convene Joint Meeting on January 6
--------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of Doco
No. 27 Pty Ltd (In Liquidation) A.C.N. 073 722 737 will be held
at the offices of Foremans Business Advisors, Suite 1, 29 Lake
Street, Cairns in the state of Queensland on Thursday, 6 January
2005 at 11:00 a.m., for the purpose of having an account laid
before them showing the manner in which the winding up has been
conducted and the property of the Company disposed of and of
hearing any explanations that may be given by the Liquidator.

Dated this 15th day of November 2004

Todd Kelly
Peter Morris
Joint Liquidators
c/- Foremans Business Advisors
Suite 1, 29 Lake Street,
Cairns Qld 4870


GOLDFIELDS BOOKKEEPING: Sets January 5 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
Goldfields Bookkeeping Service Pty Ltd (In Liquidation) A.C.N.
080 658 626 will be held at the offices of Hall Chadwick, Level
40, BankWest Tower, 108 St George's Terrace, Perth WA 6000 on 5
January 2005 at 10:30 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 Joint and
Several Voluntary Liquidators.

Dated this 12th day of November 2004

K.A. Strickland
Liquidator
Hall Chadwick
Level 40, BankWest Tower,
108 St George's Terrace,
Perth WA 6000


HAWKER DE HAVILLAND: Members Resolve to Voluntarily Wind Up
-----------------------------------------------------------
At a general meeting of the members of Hawker De Havilland
Equipment Pty Ltd (In Liquidation) A.C.N. 008 684 160 held at
Level 33 Chifley Towers, 2 Chifley Square, Sydney NSW on 29
October 2004 a special resolution that the Company be wound up
voluntarily was passed.

Ian Richard Hall
Liquidator
PricewaterhouseCoopers
Waterfront Place, 1 Eagle Street,
Brisbane Qld 4001


JAMES HARDIE: Says Asbestos Talks "Positive"
--------------------------------------------
Scandal-mired James Hardie Industries NV said talks to resolve a
dispute over funding victims of asbestos-related diseases were
positive, but would not comment that a deal was close, Reuters
reports.

A deal was reportedly imminent and will see the embattled
asbestos products manufacturer pay an annual sum to cover the
expected cost of claims for each coming year.

It is understood that the figure would be set by an actuary, or
as a percentage of the firm's cash flow. But in order to prevent
shortfalls, some AU$200 million would be provided by Hardie in
advance.

The Australian Council of Trade Unions (ACTU) is cautiously
optimistic, hoping to strike a pact with Hardie over a
compensation shortfall it estimated at more than AU$2.0 billion,
which Hardie insists is only AU$1.5 billion.

For three months, Hardie has been negotiating with the ACTU and
asbestos victims to lock in compensation for up to 50 years for
sufferers of asbestos-related ailments.

Union officials have said they had hoped to resolve the matter
by Christmas, though Hardie said no deadline had been set.

CONTACT:

James Hardie Industries Ltd
65 York Street
Sydney, New South Wales 2000
Australia
Phone: +61 2 9290 5333
Fax: +61 2 9262 5758
Web site: http://www.jameshardie.com


MASTER ACCOUNTANTS: To Declare Final Dividend on January 23
-----------------------------------------------------------
A first and final dividend is to be declared on 23 January 2005
for Master Accountants Group Pty Ltd (In Liquidation) A.C.N. 062
229 994.

Creditors whose debts or claims have not already been admitted
were required on 14 December 2004 formally to prove their debts
or claims. If they have not, they would be excluded from the
benefit of the dividend.

Dated this 15th day of November 2004

Gerald T. Collins
Liquidator
c/- Horwath Jefferson Stevenson
Level 4, 370 Queen Street,
Brisbane Qld 4000


MOONGEM HOLDINGS: Final Meeting Slated for December 23
------------------------------------------------------
Notice is given that pursuant to Section 509(1) of the
Corporations Act, a final meeting of members and creditors of
Moongem Holdings Pty Ltd (In Liquidation) (Moongem) formerly
trading as Warehouse Discount Furniture, Rusly Wholesale Trading
Christine Furniture A.C.N. 064 687 583 will be held at the
offices of PPB, Level 1, 5 Mill Street Perth WA, 6000 on
Thursday 23 December 2004 at 10:00 a.m.

AGENDA

(1) To provide an account to the members and creditors of the
liquidation.

(2) For creditors to resolve to approve the early destruction of
Moongem's books and records.

(3) To discuss any other matters that arise.

Dated this 15th day of November 2004

Mel Ashton
Liquidator


ORB ENTERPRISES: Sets Final Meeting on December 22
--------------------------------------------------
Notice is given that a final meeting of the creditors and
members of ORB Enterprises Pty Ltd (In Liquidation) A.C.N. 083
412 757 will be held at the offices of KPMG, Chartered
Accountants, Level 13, Cairns Corporate Tower, 15 Lake Street,
Cairns, Queensland, on Wednesday 22 December 2004 at 11:00 a.m.

AGENDA

(1) To receive an account of the Liquidator's acts and dealings
and of the conduct of the winding up,

(2) To approve the Liquidator's remuneration, and

(3) Any other business.

Dated this 23rd day of November 2004

Tony Jonsson
Liquidator
c/- KPMG
Level 13, Cairns Corporate Tower,
15 Lake Street,
Cairns Qld 4870


REDFIELD INVESTMENTS: Joint Meeting Set January 5
-------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Redfield Investments Pty Ltd (In Liquidation) A.C.N. 094 860 410
will be held at the offices of Hall Chadwick, Level 40, BankWest
Tower, 108 St George's Terrace, Perth WA 6000 on 5 January 2005
at 10:45 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 Joint and
Several Voluntary Liquidators.

Dated this 12th day of November 2004

K.A. Strickland
Liquidator
Hall Chadwick
Level 40, BankWest Tower,
108 St George's
Terrace, Perth WA 6000


SUNBROOK NOMINEES: To Convene Joint Meeting on January 5
--------------------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a joint meeting of the members and creditors of
Sunbrook Nominees Pty Ltd (In Liquidation) A.C.N. 093 886 572
will be held at the offices of Hall Chadwick, Level 40, BankWest
Tower, 108 St George's Terrace, Perth WA 6000 on 5 January 2005
at 11:30 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 Joint and
Several Voluntary Liquidators.

Dated this 12th day of November 2004

K.A. Strickland
Liquidator
Hall Chadwick
Level 40, BankWest Tower,
108 St George's Tower,
Perth WA 6000


TONY MICHAEL: Schedules Final Meeting on December 23
----------------------------------------------------
Notice is hereby given that a final combined meeting of the
members and creditors of Tony Michael Mechanical Pty Ltd (In
Liquidation) formerly trading as Mike Farrell Automotive A.C.N.
062 662 159 will be held at the offices of Knights Insolvency
Administration, Level 14, Brisbane Club Tower, 241 Adelaide
Street, Brisbane Qld 4000 on Thursday 23 December 2004 at 10:00
a.m.

AGENDA

(1) To receive an account made up by the Liquidator showing how
the winding up has been conducted and how the property of the
Company has been disposed of, and to receive any explanation
required thereof.

(2) Any other business which may be lawfully considered with the
foregoing.

Dated this 15th day of November 2004

Trevor John Schmierer
Liquidator
c/- Knights Insolvency Administration
Level 14, 241 Adelaide Street,
Brisbane Qld 4000


WINFIELD HOLDINGS: To Declare Interim Dividend on January 23
------------------------------------------------------------
A first interim dividend is to be declared on or before 23
January 2005 for Winfield Holdings Pty Ltd (Subject To Deed Of
Company Arrangement) as trustee for The Winfields Family Unit
Trust A.C.N. 009 933 064.

Creditors whose debts or claims have not already been admitted
were required on or before 14 December 2004 to formally prove
their debts or claims. If they have not, they would be excluded
from the benefit of the dividend.

Dated this 23rd day of November 2004

Tony Jonsson
Deed Administrator
c/- KPMG
Level 13, Cairns Corporate Tower,
15 Lake Street,
Cairns Qld 4870


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


ATEX LIMITED: Court to Hear Winding Up Petition on January 5
------------------------------------------------------------
Notice is hereby given that a petition for the winding up of
Atex Limited by the High Court of Hong Kong was on the 10th day
of November 2004, presented to the said Court by Cheung Yui Bong
Milton of Flat A, 4/F., Front Portion, 59 Percival Street
Causeway Bay, Hong Kong.

The said petition will be heard before the Court at 9:30 a.m. on
the 5th day of January 2005.

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
Director for Legal Aid
34/F, 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 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 or his or their solicitor (if any), and must be served
or if by post, in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 4th day of
January 2005.

This notice is dated 17 December 2004.     


CROWN WINNER: Winding Up Hearing Set January 12
-----------------------------------------------
Notice is hereby given that a petition for the winding up of
Crown Winner Limited by the High Court of Hong Kong Special
Administrative Region was on the 10th day of November 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 12th day of January 2005.

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.

W. I. Cheung & Co.
Solicitors for the Petitioner
Rooms 2505-10 Wing On House
71 Des Voeux Road Central
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 11th day of
January 2005.

This notice is dated 17 December 2004.


E-LIFE INTERNATIONAL: 1H Net Loss Widens to HK$10.6 Mln
-------------------------------------------------------
E-Life International Limited posted a net loss of HK$10.569
million for the six months ended September 30, compared to a net
loss of HK$2.786 million a year ago. LPS was HK$0.002.

No interim dividend was declared.

To view the entire document click on:
http://bankrupt.com/misc/tcrap_e-lifeinternational121704.pdf


HONGKONG CHAN: Enters Bankruptcy Proceedings
--------------------------------------------
Notice is hereby given that a petition for the winding up of
Hongkong Chan Brothers Travel Service Limited by the High Court
of Hong Kong Special Administrative Region was on the 3rd day of
December 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 26th day of January 2005.

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.

Tong & Tsoi
Solicitors for the Petitioner
Room 3402, 34th Floor, Bank of America Tower
12 HarCourt 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 25th day of
January 2005.

This notice is dated 10 December 2004.


INTERCHINA HOLDINGS: Posts HK$32.6-Mln Net Loss in H1
-----------------------------------------------------
Interchina Holdings Company Limited tallied a net loss of
HK$32.645 million for the six months ended September 30,
compared to a net loss of HK$12.292 million a year ago. LPS was
HK$0.0071.

No interim dividend was declared.

To view the entire document click on:
http://bankrupt.com/misc/tcrap_interchinaholdings1217004.pdf


LEGEND INTERNATIONAL: Sets Bankruptcy Petition Hearing Dec. 22
--------------------------------------------------------------
Notice is hereby given that a petition for the winding up of
Legend International Resorts Limited by the High Court of Hong
Kong Special Administrative Region was on the 3rd day of
November 2004 presented to the said Court by Morgan Stanley
Emerging Markets Inc., of 1209 Orange Street, Wilmington,
Delaware 19801, United States of America.

The said Petition will be heard before the Court at 9:30 am on
the 22nd 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.

White & Case
Solicitors for the Petitioner
9th Floor, Gloucester Tower, The Landmark
11 Pedder Street
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 21st day of
December 2004.

This notice is dated 10 December 2004.


SKYNET INTERNATIONAL: Net Loss in H1 Widens to HK$4.7 Mln
---------------------------------------------------------
Skynet International Group Holdings Limited posted a net loss of
HK$4.669 million for the six months ended September 30, compared
to a net loss of HK$4.069 million a year ago. LPS was HK$0.001.

No interim dividend was declared.  

To view the entire document click on:
http://bankrupt.com/misc/tcrap_skynetinternational121704.pdf


WAI YUEN: 1H Net Loss Narrows to HK$11 Mln
------------------------------------------
Wai Yuen Tong Medicine Holdings Limited reported a net loss of
HK$10.55 million for the six months ended September 30, compared
to a net loss of HK$17.996 million a year ago. LPS was $0.006.

No interim dividend was declared.  

To view the entire document click on:
http://bankrupt.com/misc/tcrap_waiyuen121704.pdf


YUNFEILONG FASHION: Winding Up Hearing Slated for January 19
------------------------------------------------------------
Notice is hereby given that a petition for the winding up of
Yunfeilong Fashion (International) Company Limited by the High
Court of Hong Kong Special Administrative Region was on the 19th
day of November 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 19th day of January 2005.

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.

Chiu & Lau
Solicitors for the Petitioner
2nd Floor, The Chinese General
Chamber of Commerce Building
No. 24-25 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 18th day of
January 2005.

This notice is dated 17 December 2004.


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


PERTAMINA: Reports Fuel Hoarding in 10 Plants
---------------------------------------------
The Medan marketing office of state oil and gas firm PT
Pertamina has found 10 facilities where unnamed persons
allegedly hoard and mix fuel with certain chemical substances,
reports The Jakarta Post.

The mixed fuel is reportedly sold to industries, which pay
higher prices than retail consumers.

The office had already informed the police about the dubious
activities at the plants.

CONTACT:

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


PERTAMINA: Raises LPG, High-Quality Gasoline Prices
---------------------------------------------------
Prices of gas and fuel products of PT Pertamina have skyrocketed
over the weekend, according to Asia Pulse.

The state oil and gas firm raised the price of its liquefied
petroleum gas (LPG) by around 41 percent and those of its
Pertamax and Pertamax Plus high quality gasolines by over 60
percent.

The acting deputy to Pertamina's commercial and marketing
director, A. Faisal, said the LPG price is to be raised from
IDR3,000 per kilogram (US$0.32) to IDR4,250 per kilogram. But
for the Batam region, the new price will be IDR4,800/kg, up from
IDR3,500 previously.

The price of Pertamax which was previously sold at Rp2,450/liter
was raised to Rp4,000/liter and Pertamax Plus from Rp2,750/liter
to Rp4,200/liter.

According to Mr. Faisal, the sale of LPG, Pertamax and Pertamax
Plus was no longer regulated by the government, enabling
Pertamina to gain profit from it.

Mr. Faisal explained the decision for the price hike was taken
to adapt to the global oil price.


PERUSAHAAN LISTRIK: To Honor Deals With Independent Power Firms
---------------------------------------------------------------
State electricity firm Perusahaan Listrik Negara (PLN) said it
will honor all contracts with independent power producers
following the annulment of Law No. 20 on Wednesday by the
Constitutional Court, Asia Pulse says.

The Constitution Court abolished the said law, as it violates
the constitution by opening the door to full competition in the
electricity sector. The Indonesian Constitution rules that the
state controls business in all public utility sectors.

PLN President Eddie Widiono Suwondo said the electric Company is
still evaluating the impact of the Court's decision. He added,
however, that initial review concluded that the recent ruling
will have no effect on the contracts PLN has signed with private
investors. Therefore, no renegotiations are needed.

Meanwhile, Energy and Mineral Resources Minister Purnomo
Yusgiantoro said the ministry will soon draft a new electricity
law to serve as an umbrella for contracts with investors in the
electricity sector.

CONTACT:

PT Perusahaan Listrik Negara (Persero)
Jl. Trunojoyo Blok M-1 No. 135, Kebayoran Baru
Jakarta, 12160, Indonesia
Phone: +62-21-725-1234
Fax: +62-21-722-1330
Web site: http://www.pln.co.id


SEMEN GRESIK: Pays IDR39.67/share Interim Dividend
--------------------------------------------------
State-owned PT Semen Gresik Tbk is set to pay an interim
dividend of IDR39.67 per share for 2004, resulting in a dividend
yield of 0.25 percent, Reuters reports.

The cement maker's total payout for the interim dividend would
be IDR23.53 billion (US$2.54 million).

CONTACT:

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


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


DAISHINTO INCORPORATED: METI Authorizes Restructuring Plan
----------------------------------------------------------
A business restructuring plan submitted to the Ministry of
Economy, Trade and Industry (METI) by Daishinto, Inc. was
examined pursuant to Article 3, Paragraph 6 of Law on Special
Measures for Industrial Revitalization, and found to fulfill the
business structure modification requirements of Article 2,
Paragraph 2, Clause 1, and business innovation requirements of
Clause 2.

The plan was consequently approved on December 16.

The firm's principal activity is to provide privately owned
vehicle management services. The services provided by the Group
include transportation services to officials and employees,
school bus operations, vehicle maintenance, supply of fuel and
settlement of accidents. The Group also provides tourist
services, social services, entertainment and real estate
services. Car management services accounted for 71% of fiscal
2002 revenues; Social services, 19%; Tourism, 9%; Real Estate,
1% and Entertainment, Nominal.

CONTACT:

Daishinto Inc.
28-1 Kishikawa 1-Chome
Bunkyo-Ku 112-8528, Tokyo 112-8528
Japan  
Phone: +81 3 5802 1700
Fax: +81 3 5802 1767  
Web site: http://www.daishinto.co.jp/


FUJI COUNTRY: Files for Liquidation
-----------------------------------
Fuji Country has lodged an application for special liquidation
with the Tokyo District Court, leaving behind total liabilities
of JPY180 billion, reports Kyodo News.

The golf operator's collapse represents one of the year's
largest business failures in Japan.

Fuji Country became the top golf course operator in central
Japan when it tallied JPY11.5 billion in revenues inn the year
to November 1997.

But in the following years, the Company suffered slumping
revenues and incurred mounting debts. In the year to November
2003, Fuji Country reported a net loss of JPY64.9 billion.

The firm decided on its own liquidation Wednesday after three of
its affiliates filed for Court-protected rehabilitation or
special liquidation earlier this month.

Fuji Country, which operates 22 golf courses across Japan, said
it would continue its business for the immediate future.


FUJIKURA LIMITED: METI Approves Business Revival Program
--------------------------------------------------------
A Cooperative business reorganization plan submitted to The
Ministry of Economy, Trade and Industry (METI) by Fujikura Ltd.
was examined pursuant to Article 5, Paragraph 1 of the Law on
Special Measures for Industrial Revitalization, and found to
fulfill each requirement of Article 5, Paragraph 4 of the said
law.

The plan was consequently approved on December 15, 2004.

Fujikura Limited's principal activity is the manufacture and
sale of electric wire and cable. Operations are carried out
through the following divisions: Electric wire and cable
(optical-fibre cables, telecommunications cables, electronic
wires, overhead transmission lines, cables for nuclear power
plants); Information and communication equipment (electronic
materials and components, superconducting oxide tape and related
materials); Other (new products). Electric wire and cable
accounted for 64% of fiscal 2002 revenues; Information and
communications equipment, 31% and Other, 5%. Overseas sales
accounted for 33.0% of fiscal 2002 revenues.

CONTACT:

Fujikura Limited
5-1 Kiba
Koto-Ku 135-8512, Tokyo 135-8512
JAPAN  
Phone: +81 3 5606 1030
Fax: +81 3 5606 1502  
Web site: http://www.fujikura.co.jp/


FURUKAWA ELECTRIC: METI OKs Business Reorganization Scheme
----------------------------------------------------------
A Cooperative business reorganization plan submitted to METI by
Furukawa Electric Co., Ltd. was examined pursuant to Article 5,
Paragraph 1 of the Law on Special Measures for Industrial
Revitalization, and found to fulfill each requirement of Article
5, Paragraph 4 of the said law.

The plan was consequently approved on December 15, 2004.

Founded in 1884, the Company has four operating segments:
nonferrous metals (aluminum and copper rod, sheet, and wire);
plastics, cables, and wire (bare and wire, power cables, conduit
material, and foam sheet); electronics (automotive components,
battery products, heat pipes, and circuit boards); and
telecommunications (fiber optics and network equipment).

Furukawa Electric and Sumitomo Electric Industries agreed to
consolidate their wireless technology operations into a joint
business venture. Furukawa is restructuring its divisions to
better identify with its core activities. Japan accounts for
nearly 90% of its sales.

CONTACT:

Furukawa Electric Co., Ltd.
6-1, Marunouchi 2-chome, Chiyoda-ku
Tokyo 100-8322, Japan  
Phone: +81-3-3286-3001
Fax: +81-3-3286-3747


SEIBU RAILWAY: TSE Delists Shares After 5 Decades of Trading
------------------------------------------------------------
The Tokyo Stock Exchange on Friday delisted Seibu Railway
Company, marking the end of more than 55 years of trading, The
Japan Times relates.

Shares of the embattled railway Company will no longer trade in
the TSE after it was found to have been falsifying financial
statements.

Despite the scandal and financial plight it is going through,
Seibu Railway still hopes to relist its stock in the future.

Following the delisting, the Company is now tasked with
establishing a compliance system, increasing transparency and
removing the influence of its largest shareholder Yoshiaki
Tsutsumi, who stepped down as chairman of Kokudo Corp., the
parent Company of the railway, in October.

Seibu Railway recently announced it has abandoned plans to list
its shares on the Jasdaq stock market by the end of March,
citing difficulties in meeting these challenges at an early
date.

Shares in the Company fell about 55 percent from levels seen
before Oct. 13 after it revealed it had been tampering with its
share-ownership data. This decline hurt Seibu group firms'
financial conditions due to valuation losses on their
shareholdings in the railway.

CONTACT:

Seibu Railway Co Ltd
11-1 Kusunokidai 1-Chome
Tokorozawa 359-8520, Saitama 359-8520
Japan  
Phone: +81 42 926 2081
Fax: +81 42 926 2237
Web site: http://www.seibu-group.co.jp/


TOSHIBA CORPORATION: Says Investment in Indonesia Plummets
----------------------------------------------------------
Toshiba Corporation has admitted that the value of its
investment in Indonesia has continued to decline over the past
few years, according to Asia Pulse.

Toshiba President Tadashi Okamura disclosed that its direct
investment in the country has fallen in value to JPY70 billion
(US$669 million), down sharply from JPY300 billion.

In a meeting called to establish an investment forum involving
government officials and business leaders of the two countries,
Mr. Okinawa said Japanese investors were hoping the Indonesian
government would find ways to improve the business environment.

Japan's Ministry of Economy, Trade and Industry (METI) was
reportedly interested in contributing to the development of
small and medium businesses in Indonesia.

CONTACT:

Toshiba Corporation
1-1 Kanda-Nishikicho
Chiyoda-Ku 101-8442, Tokyo 101-8442
Japan
Phone: +81 3 3292 1011
Fax: +81 3 3292 6440


UFJ HOLDINGS: Submits Amended Report
------------------------------------
UFJ Holdings, Inc., UFJ Bank Limited and UFJ Trust Bank Limited,
jointly UFJ Group hereafter, have conducted reviews on Financial
Reports (Yuka Shoken Hokokusho) and Semiannual Reports (Hanki
Hokokusho), jointly "Financial Reports", etc. hereafter,
publicized in the past in accordance with "Action towards
Securing Reliability of the Disclosure System" announced by the
Financial Services Agency on November 16, 2004 and with a
subsequent request by the regional Financial Bureaus.

As a result, the UFJ Group has once again confirmed that there
is no description disaccord with the facts in the Financial
Reports etc. for such reason as shares issued by UFJ are held
effectively under another person's name. However it turned out
that there were some omissions and errors in postings as set
forth below.

Although these omissions and errors are due to simple clerical
mistakes and of only slight importance, in view of the purport
of the reviews, the UFJ Group has decided to rectify them and
submitted amendment reports to Financial Bureaus in charge
today.

The UFJ Group will make every effort to secure the accuracy of
Financial Reports, etc. hereafter.

Financial Reports, etc. to be amended

- UFJ

(1) Semiannual Report (Hanki Hokokusho) for the 6 months period
ended September 30, 2001

(2) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2002

(3) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2003

(4) Semiannual Report (Hanki Hokokusho) for the 6 months period
ended September 30, 2003

(5) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2004

- UFJ Bank

(1) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2002

(2) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2003

(3) Financial Report (Yuka Shoken Hokokusho) for the 12 months
period ended March 31, 2004

- UFJ Trust Bank

(1) Semiannual Report (Hanki Hokokusho) for the 6 months period
ended September 30, 2003

Reasons for amendment

Main reasons for the amendments are omissions of large
shareholders' addresses
and omissions/errors in footnotes and other minor figures.

CONTACT:

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


UFJ HOLDINGS: Details Corporate Business of New Trust Bank
----------------------------------------------------------
UFJ Holdings Incorporated disclosed that Mitsubishi Tokyo
Financial Group, Inc., UFJ Holdings, Inc., The Mitsubishi Trust
and Banking Corporation, UFJ Trust Bank Limited, The Bank of
Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited have been proceeding
with planning for the management integration scheduled for
October 2005 (subject to approval by shareholders and relevant
authorities) and have agreed to conduct the new trust bank's
corporate business following the management integration based on
the following policy framework:

(1) Strategic goal of the new trust bank's corporate business

The new trust bank will aim to enhance its customer satisfaction
and increase the new group's revenue by providing customers with
the new group's solid business base and sophisticated trust
business capabilities.

(2) Strengthening the trust business functions on a consolidated
basis (real estate, stock transfer agency services, pension
business, etc.)

Actively devote management resources to trust business areas
that the new group aims to strengthen in order to enhance the
quality of the products and services that the new trust bank
will provide to customers.

Promote intra-group personnel exchanges between the new trust
bank and the new commercial bank and actively utilize the new
group's comprehensive strength in order to accurately respond to
diverse and sophisticated needs of customers.

The new trust bank will promptly consider and implement various
specific measures to promote intra-group personnel exchanges
between the new trust bank and the new commercial bank, which
include measures to improve the business skills of our personnel
and to enhance the overall trust business capabilities of the
new group.

(3) Streamlining of corporate business outlets (lending
business, etc.) of the new trust bank

The new trust bank will streamline its corporate business
functions and operate through its four core corporate business
outlets (lending business, etc.) in Tokyo, Nagoya, Osaka and
Kyushu (Fukuoka).

With respect to the handling of corporate loan transactions
handled by the outlets other than the above four outlets of MTB
and UFJ Trust Bank after the streamlining of corporate outlets,
we will come up with a group-wide solution that responds to
customers convenience and needs, such as transferring customer's
account to a nearby outlet of the new commercial bank.

We will also discuss the business operation of the new trust
bank's outlets other than the four core outlets, taking into
consideration the needs of our customers.

We aim to complete the integration and streamlining of the new
trust bank's corporate business outlets by the end of fiscal
year 2005.

Reference

Corporate Business Outlets of MTB and UFJ Trust Bank (As of
September 30, 2004)

                   MTB                                     UFJ
Trust Bank

(4 Core Outlets)                          (4 Core Outlets)
Head Office, Nagoya, Osaka, Kyushu        Head Office (includes  
Tokyo Business Department
                                           No.3), Nagoya, Osaka,
Fukuoka
(Other Outlets)                           (Other Outlets)
Kanagawa, Sapporo, Sendai, Nagano,        Sapporo, Sendai,
Takasaki, Utsunomiya, Mito,
Shizuoka, Kyoto, Hiroshima, Takamatsu     Omiya, Yokohama,
Hiratsuka, Gifu, Shizuoka,
                                           Tsu, Kyoto, Nara,
Wakayama, Kobe, Himeji,
                                           Hiroshima, Tokushima,
Kochi, Miyazaki,
                                           Kagoshima

Filings with the U.S. SEC

Mitsubishi Tokyo Financial Group, Inc. (MTFG) may file a
registration statement on Form F-4 (Form F-4) with the U.S. SEC
in connection with the proposed management integration of UFJ
Holdings, Inc. (UFJ) with MTFG. The Form F-4 (if filed) will
contain a prospectus and other documents. If a Form F-4 is filed
and declared effective, UFJ plans to mail the prospectus
contained in the Form F-4 to its U.S. shareholders prior to the
shareholders meeting at which the proposed business combination
will be voted upon.

The Form F-4 (if filed) and prospectus will contain important
information about MTFG, UFJ, management integration and related
matters. U.S. shareholders of UFJ are urged to read the Form F-
4, the prospectus and the other documents that may be filed with
the U.S. SEC in connection with the management integration
carefully before they make any decision at the UFJ shareholders
meeting with respect to the proposed business combination. The
Form F-4 (if filed), the prospectus and all other documents
filed with the U.S. SEC in connection with the management
integration will be available when filed, free of charge, on the
U.S. SEC's web site at www.sec.gov.

In addition, the prospectus and all other documents filed with
the U.S. SEC in connection with the management integration will
be made available to shareholders, free of charge, by calling,
writing or e-mailing:

MTFG CONTACT:                              

Mr. Hirotsugu Hayashi                       
26F Marunouchi Bldg., 4-1 Marunouchi
2-chome, Chiyoda-ku Tokyo 100-6326 Japan    
81-3-3240-9059                             
E-mail: Hirotsugu_Hayashi@mtfg.co.jp   

UFJ CONTACT:

Mr. Shiro Ikushima
1-1 Otemachi 1-chome, Chiyoda-ku Tokyo
100-8114 Japan
Phone: 81-3-3212-5458
E-mail: shiro_ikushima@ufj.co.jp

In addition to the Form F-4 (if filed), the prospectus and the
other documents filed with the U.S. SEC in connection with the
management integration, MTFG is obligated to file annual reports
with, and submit other information to, the U.S. SEC. You may
read and copy any reports and other information filed with, or
submitted to, the U.S. SEC at the U.S. SEC's public reference
rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at
the other public reference rooms in New York, New York and
Chicago, Illinois. Please call the U.S. SEC at 1-800-SEC-0330
for further information on public reference rooms. Filings with
the U.S. SEC also are available to the public from commercial
document-retrieval services and at the web site maintained by
the U.S. SEC at www.sec.gov.


UFJ HOLDINGS: Cancels Integration of Corporate Lending Business
---------------------------------------------------------------
UFJ Holdings, Inc. hereby gives notice that it has decided to
cancel the previously announced integration plan of corporate
lending business between UFJ Trust Bank Limited and UFJ Bank
Limited scheduled in July 2005 in the course of discussions for
the management integration with Mitsubishi Tokyo Financial
Group, Inc.

Filings with the U.S. SEC

Mitsubishi Tokyo Financial Group, Inc. (MTFG) may file a
registration statement on Form F-4 (Form F-4) with the U.S. SEC
in connection with the proposed management integration of UFJ
Holdings, Inc. (UFJ) with MTFG. The Form F-4 (if filed) will
contain a prospectus and other documents. If a Form F-4 is filed
and declared effective, UFJ plans to mail the prospectus
contained in the Form F-4 to its U.S. shareholders prior to the
shareholders meeting at which the proposed business combination
will be voted upon.

The Form F-4 (if filed) and prospectus will contain important
information about MTFG, UFJ, management integration and related
matters. U.S. shareholders of UFJ are urged to read the Form F-
4, the prospectus and the other documents that may be filed with
the U.S. SEC in connection with the management integration
carefully before they make any decision at the UFJ shareholders
meeting with respect to the proposed business combination. The
Form F-4 (if filed), the prospectus and all other documents
filed with the U.S. SEC in connection with the management
integration will be available when filed, free of charge, on the
U.S. SEC's web site at www.sec.gov.


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


LG CARD: President Calls for LG Group to Support Cap Boost
----------------------------------------------------------
The President of LG Card Co. urges LG Group to participate in
the KRW1.2-trillion capital increase of the troubled card
issuer, reports Asia Pulse.

Park Hae-choon warned that failure to increase its capital would
pose a threat to the domestic financial market as well as to LG
Card.

"If LG Card's capital is expanded as proposed, it will be reborn
as a profitable Company from 2005, posting a net profit of more
than KRW200 billion annually," Mr. Park said.

On Wednesday LG Card will sign a deal with Merrill Lynch to sell
$400 million worth of asset-backed securities to the global
investment bank.

Mr. Park stressed that efforts to sell LG Card would begin next
year, however an exact date is difficult to pinpoint.

LG Group affiliates hold KRW1.18 trillion (US$1.11 billion) of
LG Card debt, KRW875 billion of which creditors want to be
converted into equity. Creditors own 99.3 percent of LG Card
after providing a KRW5 trillion rescue package in January this
year.

CONTACT:

LG Card Company Limited
Fax: (02) 3420-7002
E-mail: webmaster@card.lg.co.kr
Web site: http://www.lgcard.com


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


AOKAM PERDANA: Completes Regularization of Financial Status
-----------------------------------------------------------
Aokam Perdana announced that it has regularized its financial
condition on December 17, 2004.

The Company diversified into the food, financial, gaming and
manufacturing sectors in the late 1980s. Investment strategy
shifted in 1990 with the disposal of the above investments and
focus on the wood-based industry in Sabah.

The Company is currently proposing to undertake a corporate
restructuring scheme.

CONTACT:

Aokam Perdana Berhad
189 Jalan Tun Razak
Kuala Lumpur, 50400
Malaysia
Telephone: +60 3 2166 3466
Fax: +60 3 2166 3455


CONSOLIDATED FARMS: Court OKs Restraining Order Extension
---------------------------------------------------------
The Board of Directors of Consolidated Farms Berhad (Confarm)
has been named as defendant in writ of summon, dated 22 June,
2004, filed by Hoe Seng Chan Co. Sdn. Bhd. (Hoe Seng Chan) in
the Session Court of Melaka and served on the Company on 17
December, 2004.

The suit is in respect of goods and services rendered and
delivered to Confarm. Hoe Seng Chan had claimed for the amount
of RM135,937.96 from Confarm, together with interest of 8% per
year from the date of filing of the Writ until full resolution,
indemnity costs and any other relief to be granted by the Court
and the mention date for the suit has been fixed on 11 January,
2005.

The Company had on 6 December, 2004 been granted a restraining
and stay order (RO) for a period of 90 days effective from 6
December, 2004 to 5 March, 2005 by the High Court of Malaya at
Kuala Lumpur pursuant to Section 176(10) of the Companies Act,
1965.

CONTACT:

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

This announcement is dated 17 December, 2004.


FABER GROUP: Lists Additional Shares
------------------------------------
Faber Group Berhad's additional 117,500 new ordinary shares of
RM1.00 each arising from the conversion of RM235,000 nominal
value of 2000/2005 irredeemable convertible unsecured loan
stocks into 117,500 new ordinary shares will be granted listing
and quotation with effect from 9.00 a.m., Tuesday, 21 December
2004.

CONTACT:

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


FARLIM GROUP: Details Financial Aid Rendered
--------------------------------------------
Pursuant to Paragraphs 8.23 and 10.08 of Listing Requirements of
Bursa Malaysia Securities Berhad, Farlim Group (Malaysia) Bhd
announced the financial assistance rendered or made on December
17, 2004 as set out in
http://bankrupt.com/misc/tcrap_farlim122004.xls.


CONTACT:

Farlim Group Berhad
No. 2-8, Bangunan Farlim
Jalan PJS 10/32, Bandar Sri Subang
46000 Petaling Jaya, Selangor
Telephone: 03-5635 5533
Fax: 03-5635 0301
Web site: http://www.farlim.com.my


INTAN UTILITIES: Updates Proposed Mandate
-----------------------------------------
The Board of Directors of Intan Utilities Berhad proposes to
seek its shareholders' approval for a shareholders' mandate for
recurrent related party transactions of a revenue or trading
nature which are in the ordinary course of business pursuant to
Chapter 10.09 of the Listing Requirements of the Bursa Malaysia
Securities Berhad (Proposed Mandate) at an extraordinary general
meeting to be convened.

A circular containing the details of the Proposed Mandate will
be sent to the shareholders of the Company in due course.

CONTACT:

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


KSU HOLDINGS: Updates Delisting of Securities
---------------------------------------------
KSU Holdings Berhad was notified on 4 August 2004 that its
securities would be removed from the Official List of Bursa
Malaysia Securities Berhad (Bursa Securities).

The Company appealed the decision of Bursa Securities to de-list
its securities from the Official List of Bursa Securities (the
Appeal).

Given the appeal, the removal of the securities of KSU was
deferred pending the decision on the appeal by Bursa Securities.

After having considered all the facts and circumstances of the
matter and upon consultation with the Securities Commission,
Bursa Securities has decided that the appeal be disallowed and
further decided to de-list the securities of KSU from the
Official List of Bursa Securities as KSU does not have an
adequate level of financial condition to warrant continued
listing on the Official List of Bursa Securities.

Accordingly, please be informed that the securities of the
Company will be removed from the Official List of Bursa
Securities at 9 a.m. on Tuesday, 21 December 2004.

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

Alternatively, shareholders of KSU who intend to hold their
securities in the form of physical certificates, can withdraw
these securities from their Central Depository System (CDS)
accounts maintained with the Bursa Depository at anytime after
the securities of KSU has been de-listed from the Official List
of Bursa Securities. This can be effected by the shareholders
submitting an application form for withdrawal in accordance with
the procedures prescribed by Bursa Depository. These
shareholders can contact any participating organisations of
Bursa Securities and/or Bursa Depository's helpline at 03-
20347711 or 03-20347723 for further information on the
withdrawal procedures.

CONTACT:

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


MTD CAPITAL: Releases Shares Buy Back Notice
--------------------------------------------
MTD Capital Berhad announced the details of its shares buy back
on December 17, 2004.

Date of buy back from : 14/12/2004

Date of buy back to : 14/12/2004

Total number of shares purchased (units) : 50,000

Minimum price paid for each share purchased (RM) : 2.700

Maximum price paid for each share purchased (RM) : 2.700

Total amount paid for shares purchased (RM) : 135,000.00

The name of the stock exchange through which the shares were
purchased  : Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units) : 50,000

Total number of shares retained in treasury (units) : 7,035,400

Number of shares purchased, which were cancelled (units) : 0

Total issued capital as diminished : 0

Date lodged with registrar of companies : 17/12/2004

Lodged by  : MTD Capital Bhd

CONTACT:

MTD Capital Berhad
Batu 8 Jalan Batu Caves
Lot 8359 Mukim of Batu
Batu Caves, Selangor Darul Ehsan 68100
Malaysia
Telephone: +60 3 6189 9022
           +60 3 6187 7898
Web site: http://www.mtdcap.com/


NAM FATT: Unit Voluntarily Liquidates
-------------------------------------
Nam Fatt-Muhibbah (Marine) HV Sdn Bhd (NFMMJ), a unit of Nam
Fatt Corporation Berhad, has been placed under members'
voluntary liquidation pursuant to the passing of a special
resolution by its members at an extraordinary general meeting
held on 8 December 2004.

NFMMJ was incorporated on 26 November 1987. It was principally
involved in construction of on-shore and off-shore structures.
Since 1997 NFMMJ has not been involved in any revenue-producing
activity.

In connection with the above, Mr. Ooi Chee Kun and Ms. Khoo Pek
Ling have been appointed as Liquidators of NFMMJ.

The voluntary liquidation of NFMMJ is not expected to have a
material effect on the earnings or net tangible assets of Nam
Fatt for the financial year ending 31 December 2004.

None of the directors or substantial shareholders of Nam Fatt or
persons connected to them has any interest, direct or indirect,
in the voluntary liquidation.

CONTACT:

Nam Fatt Corporation Berhad
40B Persiaran Sultan Ibrahim
41300 Klang, Selangor Darul Ehsan 41300
Malaysia
Phone: +60 3342 0766
Fax: +60 3342 7830

This announcement is dated 17 December 2004.


PETALING TIN: Discloses Unaudited Quarterly Results
---------------------------------------------------
Petaling Tin Berhad released its unaudited quarterly report for
the financial period ended October 31, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            31/10/2004

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


1 Revenue  
           1,552        4,906         3,701        18,259

2 Profit/(loss) before tax  
           -788          -1,316       -4,982       -4,186

3  Profit/(loss) after tax and minority interest  
           -905          -1,164       -5,248        -3,521

4  Net profit/(loss) for the period
           -905           -1,164       -5,248       -3,521

5  Basic earnings/(loss) per shares (sen)  
           -0.26          -0.34         -1.52       -1.02

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)  

           1.1100            1.1200

CONTACT:

Petaling Tin Berhad
Level 19, Menara PanGlobal,
No. 8, Lorong P Ramlee, 50250 Kuala Lumpur.  
Phone: 03 - 20312377
Fax: 03 - 20312263


SETEGAP BERHAD: Issues Litigation Update
----------------------------------------
Setegap Berhad announced the following information for immediate
public release pursuant to the paragraph 9.19(19) of the Bursa
Malaysia Securities Berhad Listing Requirements:

The Plaintiff, the Government of Malaysia vide the Inland
Revenue Department has file a suit with the Shah Alam High
Court, no. 21-233-Tahun 2004 for the amount of RM1,360,783.95
being past income tax payable together with 8% of interest per
annum from the date of judgment till full settlement.

The writ of summon filed on 25th October 2004 and served on SG
Tech Sdn. Bhd. (SG Tech), a subsidiary of Tekun Bina Sdn. Bhd.,
which in turn is the wholly owned subsidiary the Company, on
17th December 2004.

The amount of RM1,360,783.95 comprises of outstanding income tax
of RM1,129,608.75 for the years of assessment 1998 and 1999 and
interest of RM231,175.20 imposed by the Inland Revenue
Department pursuant to Sections 103(4) and 103(5A) of Income Tax
Act, 1967.

The total cost of investment in SG Tech to the Company is
RM255,000.00 i.e. the issued and paid up capital of SG Tech.

The claim will not have any immediate material effect on the
operational and financial position of SG Tech or the Group
unless and until the Court rules against SG Tech for full
payment at a date to be determined by the Court.

The Company is currently in the midst of discussion with the
Inland Revenue Department to resolve this outstanding amount and
are engaging our solicitors to attend to this matter.

CONTACT:

Setegap Berhad
72B&C, Jalan SS22/25
Damansara Jaya
47400 Petaling Jaya
Phone: 03-77297009
Fax: 03-77271555
Website: http://www.setegap.com.my


TRU-TECH HOLDINGS: Updates Default Status
-----------------------------------------
Tru-Tech Holdings Berhad announced that there has been no
material development in respect of the default of coupon payment
on RM55,000,0000 nominal amount of redeemable unsecured loan
stocks (RULS) and the default of monthly deposit of RM1,200,000
into the sinking fund account pursuant to Practice Note 1/2001.

The Company will not be able to make the monthly deposit of
RM1,200,000 due on 17 November 2004 for the purposes of
redemption of the RULS, due to Tru-Tech's current tight cash
flow position. The monthly deposit was required in accordance
with the terms of the Trust Deed dated 18 October 1996 as
amended by the Supplemental Trust Deed dated 16 November 2001
and the 2nd Supplemental Trust Deed dated 10 September 2003
(collectively, the Trust Deed) (Deposit Default). The financial
and legal implications to Tru-Tech in respect of the Deposit
Default are similar to that of the Default, which were set out
in the announcement dated 17 October 2003.

The principal outstanding of all other credit facilities granted
to Tru-Tech and its subsidiaries as at 30 November 2004 is set
out in http://bankrupt.com/misc/tcrap_trutech122004.xls.

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 17 December 2004.


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


CAMP JOHN: Defaults On Lease Payment
------------------------------------
Camp John Hay Development Corporation (CJHDevCo) is seeking a
third restructuring deal with the Bases Conversion Development
Authority (BCDA) for unpaid rentals, interest and other charges
amounting to about Php1.8 billion, The Philippine Daily Inquirer
reports.

But BCDA have not agreed to the restructuring since they have
yet to study CJHDevCo's proposal.

CJHDevCo, which is part of the Fil-Estate Group, is claiming
difficulties in paying rental to the government due to a recent
Supreme Court decision that nullified tax perks for Camp John
Hay, such as the privilege of paying 5 percent tax on gross
income earned in lieu of all other national and local taxes.

Due to poor revenues, CJHDevCo has stopped paying annual rental
of PhP300 million to PhP400 million to BCDA, exclusive of
interest and other charges.

The BCDA is the government agency that overseas the
redevelopment of former military bases. Camp John Hay is a
former U.S. military rest and recreation center in the mountain
resort city of Baguio.


COLLEGE ASSURANCE: In Talks With U.S. Firm For New Loan
-------------------------------------------------------
College Assurance Plans Philippines Inc. is in talks with a
U.S.-based investor that is reportedly interested in extending a
PhP400-million loan to the pre-need firm, reports The Philippine
Daily Inquirer.

SEC Chairman Fe B. Barin declined to identify the Company. The
terms of the investment have yet to be worked out.

Ms. Barin said that CAP has drawn from its cash deposit with the
Philippine Veterans Bank to pay Php20 million in tuition
liabilities to plan holders. CAP has already submitted to the
commission a list of schools and plan holders to whom the money
was released. CAP is now preparing to draw down another Php20
million.

The SEC earlier allowed CAP to pay its plan holders using its
trust fund. CAP can withdraw Php110 million from its cash
deposit with Veterans Bank in tranches and the pre-need firm has
worked out a scheme to draw the amount in five tranches.

CONTACT:

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


METRO PACIFIC: Clarifies Fort Bonifacio Property Auction Report
---------------------------------------------------------------
This is in reference to the news article entitled "Metrobank to
auction MPC's Fort Boni property" published in the Cocktales
section of the December 20, 2004 issue of the Philippine Daily
Inquirer (Internet Edition).

The article reported that "METROBANK has obtained a Court-
approved foreclosure order on Metro Pacific's remaining 10-
hectare-plus Fort Bonifacio property as well as 20 condominium
units in the posh Pacific Plaza Towers. According to the
grapevine, Metrobank formally served the foreclosure order on
MPC Friday afternoon. Worse, Metrobank has already set a public
auction for MPC's remaining crown jewels tomorrow (Tuesday),
after having published as required the notice of the sheriff
sale in a hardly known trade paper. The seized 10
hectares of still undeveloped land are located along Kalayaan
Avenue and Gate 1 of the former military reservation. MPC chair
Manuel V. Pangilinan at one point considered relocating the bulk
of the PLDT operations there in a planned Microsoft-type
`campus' environment. According to the grapevine, Metrobank
until last month was considering a combination cash payment and
asset swap with MPC to help the latter extinguish its P2.4-
billion obligation. It was not immediately clear what
precipitated Metrobank to cut off negotiations and instead file
extra-judicial proceedings with the Pasig Regional Trial Court
to foreclose on the real estate mortgage."

Metro Pacific Corporation (MPC), in its letter to the Philippine
Stock Exchange dated December 20, 2004, stated that:

" Metro Pacific confirms that it has indeed received a Notice of
Sheriff's sale of its 10-hectare property located at the Fort
Bonifacio Global City. Included in the Notice of Sheriff' sale
are twenty (20) units of Pacific Plaza Tower units (sic).

Through this foreclosure by Metrobank, Metro Pacific anticipates
the elimination of the largest remaining portion of debt
remaining in its balance sheet. It its Metro Pacific's intention
that by the close of 2004, its balance sheet will
achieve a near-debt (sic) free status.

Metro Pacific anticipates that with this foreclosure, its debt
reduction and corporate restructuring program will be largely
completed by the end of 2004."

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

CONTACTS:

Metro Pacific Corporation
10/F MGO Bldg., Legazpi cor. dela Rosa St.,
Legazpi Village 0721 Makati City, Philippines
Telephone No.: 888-0888
Fax No.: 888-0830


NEGROS NAVIGATION: PSE To Delist Securities on December 22
----------------------------------------------------------
Pursuant to the petition for voluntary delisting filed by Negros
Navigation Co., Inc. (NN), the Board of Directors of the
Philippine Stock Exchange, in its regular meeting held on 8
December 2004, approved the issuance of an Order to Delist the
shares of the Company.

The shares of the Company shall be delisted from the Official
Registry of the Exchange (electronic board and ticker) effective
Wednesday, 22 December 2004.

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

CONTACT:

Negros Navigation Company. Inc.
Pier 2. North Harbor. Tondo. Manila, Philippines 1012
Telephone Number: (6321 245.5588
Fax Number: (6321 245-1091
Web site: www.negrosnavigation.ph


PHILIPPINE REALTY: Releases Amended Annual Report
-------------------------------------------------
Further to Circular for Brokers No. 4695-2004 dated October 25,
2004, Philippine Realty & Holdings Corporation (RLT) provided
the Philippine Stock Exchange a copy of its Second Amended
Annual Report, using the SEC Form 17-A, for the year ended
December 31, 2003.

For a copy of its second amended annual report, go to
http://bankrupt.com/misc/tcrap_philrealty122004.pdf

For your information,
JURISITA M. QUINTOS
Senior Vice-President

CONTACT:

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


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


ASA PACIFIC: Winding Up Hearing Set January 14
----------------------------------------------
Notice is hereby given that a petition for the Winding Up of Asa
Pacific Land Pte Ltd formerly known as Asa Pacific (S) Pte Ltd  
by the High Court was on the 10th day of December 2004 presented
by Bank Of China Limited (formerly known as Bank Of China), a  
bank incorporated in The People's Republic of China and having a
place of business at 4 Battery Road, Bank of China Building,
Singapore 049908, a creditor.

The Petition will be heard before the Court sitting at
Singapore at 10:00 o'clock in the forenoon on the 14th day of
January 2005.

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

The Petitioner's address is 4 Battery Road, Bank of China
Building, Singapore 049908.

The Petitioner's solicitors are Messrs Rajah & Tann of 4 Battery
Road, #15-01 Bank of China Building, Singapore 049908.

Dated this 14th day of December 2004.

Messrs Rajah & Tann
Solicitors for the Petitioner

Note: Any person who intends to appear at the hearing of the
Petition must serve on or send by post to the Petitioner's
solicitors, Messrs Rajah & Tann of 4 Battery Road, #15-01 Bank
of China Building, Singapore 049908, notice in writing of his
intention to do so. The notice must state the name and address
of the person, or, if a firm, the name and address of the firm,
and must be signed by the person or firm, or his or their
solicitors (if any) and must be served, or, if posted must be
sent by post in sufficient time to reach the Petitioner's
solicitors not later than twelve o'clock noon of 13th January
2005.


CAPITALAND LIMITED: Unit Undergoes Voluntary Liquidation
--------------------------------------------------------
The Board of Directors of CapitaLand Limited announced that its
indirect wholly owned subsidiary, PT. CapitaLand Property
Service, a Company incorporated under the laws of the Republic
of Indonesia, has been placed under members' voluntary
liquidation.

The voluntary liquidation of PT. CPS does not have any material
impact on the net tangible assets or earnings per share of the
CapitaLand Group for the current financial year ending 31
December 2004.

By Order of the Board
Tan Wah Nam
Company Secretary
17 December 2004


CHINA AVIATION (S): Meets With SIAS
-----------------------------------
China Aviation Oil (S) Corp Ltd announced on 17 December 2004
that it has met with the Securities Investors Association
(Singapore) (SIAS).   

The Company's Independent Directors and its legal and financial
advisors met up with Committee Members of SIAS today to brief
them about the current developments at CAO and to better
understand the concerns and issues facing minority shareholders.    

Submitted by:
Adrian Chang   
Company Secretary   


CHINA AVIATION (S): Shares May Be Suspended for 6-7 Months
----------------------------------------------------------
The Securities Investors Association of Singapore (SIAS)
announced Friday that the shares of troubled China Aviation Oil
(S) Corp. (CAO) are likely to be suspended for at least six to
seven months, Channel News Asia reports.

SIAS stated that in order to avert suspension CAO needed to work
out its debt-restructuring plan.

However, CAO's financial advisers are optimistic of the
creditors' support for their restructuring plan and that the
Company is not likely to be liquidated.

CAO's advisers at the moment are holding out for a rescue from
CAO's parent Company, Temasek Holdings, and other potential
investors.

SIAS has not divulged any information on the huge trade losses
at CAO and whether there really was any wrongdoing involved in
the loss. An organized forum for CAO shareholders was made by
SAIS on Monday, in order to aide investors understand their
legal rights and what possible legal procedures they can
undertake.


G15 INVESTMENT: Court To Hear Bankruptcy Petition on Dec. 31
------------------------------------------------------------
Notice is hereby given that a Petition for the winding up of G15
Investment Holdings Pte Ltd by the High Court was, on the 30th
day of November 2004 presented by Desai Praful Jayantilal of 13A
Dunbar Walk, Singapore 459292, a creditor.

The Petition will be heard before the Court sitting at the High
Court, Singapore at 10:00 o'clock in the forenoon, on the 31st
day of December 2004.

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

The Petitioner's address is at 13A Dunbar Walk, Singapore
459292.

The Petitioner's Solicitors is Messrs W S Goh & Co of 151 Chin
Swee Road, #10-13 Manhattan House, Singapore 169876.

Messrs W S GOH & CO
Solicitors for the Petitioner

Note: Any person who intends to appear on the hearing of the
Petition must serve on or send by post to the above named Messrs
W S Goh & Co, a notice in writing of his intention to do so. The
notice must state the name and address of the person, or, if a
firm, the name and address of the firm, and must be signed by
the person firm, or his or their solicitor (if any) and must
served, or, if posted, must be sent by post in sufficient time
to reach the above named not later than 12 o'clock noon of the
30th day of December 2004.

This Singapore Government Gazette notice is dated 17 December
2004.


HONG LEONG: Clarifies Straits Times Article
-------------------------------------------
Hong Leong Asia Ltd. released at the Singapore Stock Exchange
its clarification on the Straits Times Article dated 17 December
2004.

On 15 December 2004, the Company released a copy of the
announcement by China Yuchai International Limited to the US
Securities and Exchange Commission in respect of the corporate
governance at Yuchai. A press article in The Straits Times
today, entitled "News of dispute batters Hong Leong Asia shares"
refers to this matter. The Board wishes to correct the two
statements in the Press Article, which may be misleading, as
follows:

(1) Third last paragraph of the Press Article - ". the remaining
CNY175 million is expected to be returned very soon".
This statement is inaccurate. At no time did CYI give a time
frame as to when the remaining amount of CNY175 million is
expected to be returned.

Please refer to the announcement released by China Yuchai
International Limited (CYI) on 15 December 2004 (15 December
Announcement) wherein it was stated as follows:
"CYI has instructed its Chinese legal counsel to demand Guangxi
Yuchai Machinery Company Limited take all necessary action to
seek immediate repayment of all outstanding amounts under the
CNY205 million loan".

In an earlier announcement by CYI released on 8 November 2004 in
respect of its results for the third quarter and nine months
ended 30 September 2004, it was stated that the above loan had
been reduced to CNY173.4 million.

(2) Last paragraph of the Press Article - "CYI expects record
high earnings this quarter," CYI had not made an earnings
forecast in its announcements released earlier. The announcement
released by CYI on 8 November 2004, an extract of which is set
out below, merely gave a general market outlook concerning the
diesel engine industry for CYI:

"The market demand for diesel engines in China is expected to
remain strong especially for heavy-duty trucks and buses due to
continuing development of highways and improvements in
logistical efficiency, notwithstanding the Chinese government's
continued efforts at cooling its economy. We believe that CYI,
as one of the top three manufacturers of diesel engines in
China, should be able to take advantage of this growth demand."

By Order of the Board
Hong Leong Asia Ltd.
Ng Siew Ping, Jaslin
Company Secretary
17 December 2004


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


MANAGER MEDIA: Unveils Capital Registration Increase
----------------------------------------------------
Manager Media Group (Public) Co. Ltd. has submitted to the Civil
Court a correction on the memorandum of association in order to
increase the capital registration and support capitalization, CD
and Warrant issuance which the Court granted permission on
October 8, 2004.

The Company disclosed to the Stock Exchange of Thailand that
presently, the correction of capital registration at the amount
of THB818,218,162 according to Ministry of commerce's certified
letter has been made.

Enclosure:

(1) Company certified letter   9 November, 2004 Capital
Registration THB277,245,467.00  

(2) Company certified letter   19 November, 2004 Capital
Registration THB372,844,339.00  

(3) Company certified letter   24 November, 2004 Capital
Registration THB402,130,194.00  

(4) Company certified letter    1 December, 2004 Capital
Registration THB495,484,545.00
   
(5) Company certified letter    2 December, 2004 Capital
Registration THB818,218,162.00  

Please be informed accordingly.
Yours faithfully,
(Ms. Saowaluck Teeranujunyong)
Plan Adminstrator

CONTACT:

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

SIAM AGRO: Revokes Appointment of 2 New Directors
-------------------------------------------------
The Board of Directors of Siam Agro Industry Pineapple and
Others Public Company Limited at a meeting No. 8/2004 held on 17
December 2004 advised the Stock Exchange of Thailand (SET) that
the following were passed:

(1) Revoked the appointment of two directors during the Board of
Director's Meeting No. 7/2004 held on 4 November 2004.  These 2
directors are:

Name                           Position

- Ms. Chirley Alice C. Chan    Director, Vice Chairman No.3
- Mr. Carlos Q. Barquero       Director

(2) That an Extra Ordinary Shareholders Meeting No. 1/2005 shall
be held on 20 January 2005 at 2:00 p.m. at Rotary Center in
Thailand Meeting Room, 32 Floor Ocean Tower 2, 75 Soi Sukhumvit
19 (Wattana), Sukhumvit Road, Klongtoey Nua, Wattana, Bangkok
10110

(3) That the share register book will be closed for fixing the
right to attend the Extra Ordinary Shareholders Meeting at 12:00
noon on 4 January 2005 until the meeting is adjourned.

(4) Mr. Praful Shah, Managing Director of the Company, appointed
to have the power to undertake necessary actions related to the
holding of the said Extra Ordinary Shareholders Meeting but
limited to, changing time and/or place and/or the date for
holding of the said Extra Ordinary Shareholders Meeting and
closing of the share register book.

(5) That the Extra Ordinary Shareholders Meeting No. 1/2005 are
to consider the following:

(5.1) To certify the Minutes of the Ordinary General Meeting of
Shareholder No. 1/2004 held on 27 April 2004.

Board of directors' Opinion: Board of directors consider that it
is appropriate for the meeting to certify the said minutes.

(5.2) To consider and approve the expansion and the appointment
of Ms. Shirley Alice C. Chan as director and Vice Chairman No. 3
of the Board of Directors of the Company and Mr. Carlos Q.
Barquero, Mr. Yoshio Shiina and Mr. K. H. Kang as directors of
the Board of Directors of the
Company.

Board of directors' Opinion: to re-consider this agenda at a
future meeting to be held prior to the said Extra Ordinary
Shareholders Meeting.

(5.3) To consider and approve the Amendment to Article 3 of the
Articles of Association of the Company as follows:

"Article 3: The shares of the Company shall be ordinary shares
and shall be fully paid in money.  The Company is unable to
issue the share certificate entered to the bearer.

The Company may issue debentures or convertible debentures or
preferred shares and other securities in accordance with
Securities and Exchange Law and offer such securities to the
public or any person and the Company's shareholders.  Preference
shares or convertible debentures may be converted to ordinary
shares under the relevant laws.

Shares of the Company shall be freely transferable except the
transfer of shares resulting in the foreign shareholding ratio
exceeding 80 percent of total issued shares of the Company.

The Company is prohibited from owning or accepting pledge of its
own shares."

Board of directors' Opinion: Following the Tender Offer of Del
Monte Fresh Produce (Thailand) Inc., the Board of director
consider that it is appropriate for the Meeting to approve the
said Amendment to Article 3 of the Articles of Association that
will expand the foreign shareholding ratio from 51 percent to 80
percent of the total issued shares and delete the condition of
the current foreign shareholding limitation which is up to 80
percent of total issued share from the exercising of the right
of warrants.

(5.4) To transact such other business as may be transacted at
the Ordinary General Shareholder's Meeting.

Praful Shah
Managing Director

CONTACT:

Siam Agro-Industry Pineapple And Others Pcl   
Ocean Tower 2, Floor38,
75/105 Sukhumvit Road,
Watthana Bangkok    
Telephone: 0-2661-7878   
Fax: 0-2661-7865   
Web site: www.saico.co.th


THAI PETROCHEMICAL: Final Share Pricing Could Be Delayed
--------------------------------------------------------
Thai Petrochemical Industry Public Company Limited (TPI) will
have to postpone the month end schedule for the announcement of
the final price of its shares, reports Business Day.

According to the permanent secretary for the Ministry of Finance
(MoF) Suparut Kawatkul, the committee tasked to find business
partners for TPI will not finalize the selling price of the
shares in the absence of a signed memorandum of understanding
(MoU) on co-investing in TPI.  Setting the share price is too
sensitive an issue, and a consensus has to be sought first
before a decision is to be made.

Mr. Sawatkul said the MoU signing would not compel the new
investors to new obligations but rather just a move by the new
business partners to show their intention to invest in TPI.
Should there be a failure to reach an agreement, the deal can be
revised or changed.

As part of an attempt to end the dispute as soon as possible,
Finance Minister Somkid Jatusripitak demanded that the MoU
should be signed late December.

Recently, TPI founder Prachai Leophairatana lodged a complaint
with the Central Bankruptcy Court and the senate's
administrative committee to let him buy back the shares first
before offering it to new investors.

The complaint prompted the committee to call on the Ministy of
Finance to conduct a fair and transparent allocation of the
shares.

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: Unveils Year 2005 Holidays
------------------------------------
Thai Wah Public Company Limited (TWC) by Thai Wah Group Planner
Company Limited as the Plan Administrator informed the Stock
Exchange of Thailand (SET) on its holidays for the year 2005.

Thai Wah Public Company Limited List of Holidays for 2005.

(1) Monday       3      January    New Year's Day
                                   (Substitution Day for
Saturday
                                   1 January 2005)
(2) Wednesday     9      February   Chinese New Year Day*

(3) Thursday     10      February   Chinese New Year Day*
(4) Wednesday    23      February   Makha Bucha Day
(5) Wednesday     6      April      Chakri Day
(6) Wednesday    13      April      Songkran Festival
(7) Thursday     14      April      Songkran Festival
(8) Friday       15      April      Songkran Festival
(9) Monday        2      May        National Labour Day
                                   (Substitution Day for
                                    Sunday 1 May 2005)
(10) Thursday     5      May        Coronation Day
(11) Monday      23      May        Wisakha Bucha Day
                                    (Substitution Day for Sunday
22
                                    May 2005)
(12) Friday      22      July       Buddhist Lent Day
(13) Friday      12      August     H.M. The Queen's Birthday       
(14) Monday      24      October    King Chulalongkorn Day
                                    (Substitution Day for Sunday
23
                                    October 2005)
(15) Monday      5       December   H.M. The King's Birthday
(16) Monday      12      December   Constitution Day
                                   (Substitution Day for
Saturday
                                   10 December 2005)

Remark* Company's holidays which are not SET's holidays

Sincerely yours,
(Kuan Chiet)    
Class A Director
Thai Wah Group Planner Company Limited
As the Plan Administrator of
Thai Wah Public Company Limited

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   
Web site: www.thaiwah.com



BOND PRICING: For the Week 20 December to 24 December 2004
------------------------------------------------------------

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


AUSTRALIA
---------

Amcom Telecommunications Ltd         10.000%    10/28/07    2
APN News & Media Ltd                  7.250%    10/31/08    5
A&R Whitcoulls Group                  9.500%    12/15/10   10
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.250%    10/15/06    9
Capital Properties NZ Ltd             8.500%     4/15/05    8
Capital Properties NZ Ltd             8.500%     4/15/07    8
Capital Properties NZ Ltd             8.500%     4/15/09    8
Citigold Corp.                       12.000%     3/29/07    1
Consolidated Minerals Ltd            11.250%     3/31/05    2
Djerriwarrh Investments Ltd           6.500%     9/30/09    4
Evans & Tate Ltd                      8.250%    10/29/07    1
Fletcher Building Ltd                 7.800%     3/15/09    8
Fletcher Building Ltd                 7.900%    10/31/06    8
Fletcher Building Ltd                 8.600%     3/15/08    8
Fletcher Building Ltd                 8.750%     3/15/06    8
Fletcher Building Ltd                 8.850%     3/15/10    8
Fletcher Building Ltd                10.500%     4/30/05    8
Fernz Corp Ltd                        8.560%    10/15/06    8
Futuris Corporation Ltd               7.000%    12/31/07    2
Gympie Gold Ltd.                      8.500%     9/30/07    1
Hy-Fi Securities Ltd                  7.000%     8/15/08    8
Hy-Fi Securities Ltd                  8.750%     8/15/08   11
Hutchison Telecoms Australia          5.500%     7/12/07    1
Infrastructure and Utility            8.500%     9/15/13    8
Nuplex Industries Ltd                 9.300%     9/15/07    8
Pacific Print Group Ltd.             10.250%    10/15/09   10
Powerco Ltd                           8.150%     9/01/07    8
Powerco Ltd                           8.400%     5/22/07   10
Sapphire Securities                   9.160%     9/20/35    9
Sherlock Bay Nickel                  12.000%      9/1/07    1
Sky Network Television Ltd            9.300%    10/29/49    8
Software of Excellence                7.000%     8/09/07    2
Strathfield Group                    11.000%    12/31/05    1
Structural Systems Ltd               11.000%     6/30/07    1
Sydney Gas Company                   12.000%     4/1/06     1
Tower Finance Ltd                     8.650%    10/15/09    8
Tower Finance Ltd                     8.750%    10/15/07    8
TrustPower Ltd                        8.300%     9/15/07    8
TrustPower Ltd                        8.500%     9/15/12    8
TrustPower Ltd                        8.500%     3/15/14    8
Urbus Properties Ltd                  9.250%     3/10/07    1
Vision Systems Ltd                    9.000%    12/15/08    2


CHINA
-----

China Government Bond                  2.900%    5/24/32    66


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   69


MALAYSIA
--------

Asian Pac Holdings Bhd                 4.000%     12/22/05    1
Artwright Holdings Bhd                 5.500%      3/05/07    1
Berjaya Group Bhd                      5.000%     10/17/09    1
Berjaya Land Bhd                       5.000%     12/30/09    1
Berjaya Sports Toto Bhd                8.000%      8/04/12    4
Camerlin Group Bhd                     5.500%      7/15/07    1
Crescendo Corporation Bhd              3.000%      8/25/07    1
Crest Builder                          3.000%      2/25/06    2
Dataprep Holdings Bhd                  4.000%       8/5/05    1
Dataprep Holdings Bhd                  4.000%       8/6/07    1
Eden Enterprises (M) Bhd               2.500%      12/2/07    1
Fountain View Development Sdn Bhd      3.500%      11/3/06    5
Furqan Business Organization           2.000%     12/19/05    1
Gadang Holdings Bhd                    2.000%     12/24/08    1
Grand Central Enterprises Bhd          5.000%      2/17/05    1
Greatpac Holdings Bhd                  2.000%     12/11/08    1
Gula Perak Bhd                         6.000%      4/23/08    1
Hong Leong Industries Bhd              4.000%      6/28/07    1
I-Bhd                                  5.000%      4/30/07    1
Insas Bhd                              8.000%      4/19/09    1
Integrax Bhd                           3.000%     12/24/05    1
Killinghall Bhd                        5.000%      4/13/09    1
Kretam Holdings Bhd                    1.000%      8/10/10    1
Kumpulan Jetson                        5.000%     11/28/12    1
LBS Bina Group Bhd                     4.000%     12/31/06    1
LBS Bina Group Bhd                     4.000%     12/31/07    1
LBS Bina Group Bhd                     4.000%     12/31/08    1
Lebar Daun Bhd                         2.000%       1/6/07    6
Lion Diversified Holdings Bhd          2.000%       6/1/09    1
Media Prima Bhd                        2.000%      7/18/08    1
Mithril Bhd                            3.000%       4/5/12    1
Mithril Bhd                            8.000%       4/5/09    1
Mutiara Goodyear Development Bhd       2.500%      1/15/07    1
NAM Fatt Corporation Bhd               2.000%      6/24/11    1
Orlando Holdings Bhd                   3.000%      3/16/05    1
OSK Holdings Bhd                       3.500%       3/1/05    1
OSK Holdings Bhd                       6.000%       3/1/05    1
Patimas Computer Bhd                   6.000%      2/19/06    1
Poh Kong Holdings                      3.000%      1/20/07    1
Prinsiptek Corporation Bhd             2.000%     11/20/06    1
Puncak Niaga Holdings Bhd              2.500%     11/20/16    1
Rashid Hussain Bhd                     0.500%     12/23/12    1
Rashid Hussain Bhd                     3.000%     12/23/12    1
Rhythm Consolidated Bhd                5.000%     12/17/08    1
Silver Bird Group Bhd                  1.000%      2/15/09    1
Southern Steel Bhd                     5.500%      7/31/08    2
Tanah Emas Corporation Bhd             2.000%      12/9/06    1
Talam Corporation Bhd                  7.000%      7/19/05    1
Talam Corporation Bhd                  7.000%      4/19/06    1
Tap Resources Bhd                      2.000%      6/29/06    1
Tenaga Nasional Bhd                    3.050%      5/10/09    1
Time Engineering Bhd                   2.000%     12/25/05    1
VTI Vintage Bhd                        4.000%      8/22/06    1
WCT Land Bhd                           3.000%      8/02/09    1
Wah Seong Corp                         3.000%      5/21/12    4
Yu Neh Huat Bhd                        3.000%       9/2/08    1


SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
Rabobank Singapore                     1.000%      1/15/13   75
Sengkang Mall                          8.000%     11/20/12    1
Tampines Assets Ltd                    5.625%      12/7/06    1
Tampines Assets Ltd                    6.000%      12/7/06    1
Tincel Ltd                             5.000%      6/13/11    1
Tincel Ltd                             7.400%      6/13/11    1





                            *********


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

Troubled Company Reporter -- Asia Pacific is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan, Reiza
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Copyright 2004.  All rights reserved.  ISSN: 1520-9482.

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