/raid1/www/Hosts/bankrupt/TCRAP_Public/050201.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, February 1, 2005, Vol. 8, No. 22

                            Headlines

A U S T R A L I A

AUSTRALIAN GOAT: To Wind Up as Creditors Voluntary Liquidation
CHAMPION REALTY: To Declare Dividend February 2
CHEMEQ LIMITED: Halts Stock Trading as Mizuho Does Due Diligence
CHRISTY TRANSPORT: To Declare Final Dividend February 11
C.P.K.Z. PTY: Appoints Liquidator for Winding Up Purposes

DELIFRANCE AUSTRALIA: Lays Out Meeting Agenda
GMR PTY: Appoints Liquidator to Wind Up Company
HENRY WALKER: Calls in Administrators after Funding Plan Fails
HERRON TODD: Sets February 14 as Final Meeting Date
HUA DA: Court Names G.A. Crisp as Liquidator

INTERNATIONAL CARD: Members Agree to Wind Up Company
JENJAY PTY: To Hold Final Meeting February 11
J&K MAKHLOUF: Court Issues Winding Up Order
KA HAIGH: Members Resolve to Wind Up Company
KARFAM PTY: Gives Creditors Until Today to Prove Claims

KINGSWAY PRINTERS: Names Danny Vrkic as Liquidator
MAYNE GROUP: Completes Sale of Port Macquarie Base Hospital
NATIONAL AUSTRALIA: Issues HK$200 Mln Notes Due '07 Via HSBC
NEILSEN & BRAME: Lays Out Agenda for Members Meeting
PAFAP COMPANY: Appoints Joint and Several Liquidators

QANTAS AIRWAYS: Cuts Aussie Airpass Fares by 37%
UK COAL: Members Opt to Wind Up Company
UNITED PERSONNEL: Final Meeting Slated for February 14
VAAJ SERVICES: Gives Liquidators Until Today to Prove Claims
YARMOVSKY PTY: Creditors Given Only Until Today to Prove Claims


C H I N A  &  H O N G  K O N G

CENTURY MAIN: Court to Confirm Liquidators' Appointment Feb. 8
GOLDEN DRAGON: Court Hearing Set Feb. 16
JCPMUSIC.COM HONGKONG: Enters Winding Up Proceedings
JDC CORPORATION: Creditors to Prove Debts by Feb. 14
L&M QUALITY: Winding Up Hearing Fixed March 16

WAH LUNG: Receiving Proofs of Debt Until Feb. 25
YACHT ELECTRONICS: Faces Winding Up Process


I N D O N E S I A

BANK LIPPO: Posts 2004 Net Profit of US$98MLN
INDOFOOD: Plans Ship Purchase for Wheat Transport


J A P A N

DAIKYO INCORPORATED: IRCJ Selects Orix to Sponsor Rehab
MITSUBISHI FUSO: Government Authorizes Sale of New Models
MITSUBISHI MOTORS: Unveils New Revitalization Plan
MITSUBISHI MOTORS: Discloses New Executive Lineup
MITSUBISHI MOTORS: Agrees to Pay JPY70 Bln to DaimlerChrysler

ONORYOGUMI K.K.: Begins Bankruptcy Proceedings
SEIBU RAILWAY: Reform Plan Calls for Merger with Spin-off


K O R E A

KOOKMIN BANK: Downsizing to Have Positive Effect on Performance
PLUS BANK: FSC Suspends Operations Over Poor CAR
SSANGYONG MOTOR: Shanghai Firm Pays KRW591 Bln for 48.92% Stake


M A L A Y S I A

AKTIF LIFESTYLE: Releases FY04 Quarterly Results
ANTAH HOLDINGS: Unit Sells Vehicle as Part of Restructuring
AOKAM PERDANA: Changes Name to Java Incorporated Berhad
BUKIT KATIL: Unveils December Production Figures
DATUK KERAMAT: To Provide Solvency Declaration Soon

GOLDEN FRONTIER: Buys Back 8,000 Shares
HONG LEONG: Unit Enters Into Share Disposal MOA
KEMAYAN CORPORATION: Releases FY04 Quarterly Results
K.P. KENINGAU: Issues Monthly Default Status Update
K.P. KENINGAU: Unveils Monthly Production Figures

LANKHORST BERHAD: Answers Winding Up Petition Query
MANGIUM INDUSTRIES: Unit Defaults on Repayments
PAN MALAYSIA: Repurchases Additional Shares
PILECON ENGINEERING: Confirms No Change in Default Status
POS MALAYSIA: Resells 200,000 Treasury Shares

RHB CAPITAL: Notes Change in Contact Number
SRIWANI HOLDINGS: Details Amendment in ISIN Code
SRIWANI HOLDINGS: Exits PN4 Condition
SUREMAX GROUP: Unaware of Reasons for Unusual Market Activity
SYARIKAT KAYU: Discloses FY04 Quarterly Results

U-WOOD HOLDINGS: Releases FY04 Quarterly Results


P H I L I P P I N E S

ASIAN DIAMOND: SEC Favors Liquidation to Protect Assets
ATLAS CONSOLIDATED: Furnishes Copy of Certificate of Compliance
COLLEGE ASSURANCE: SEC Questions Valuation of Quezon Property
COLLEGE ASSURANCE: Owes Php22 Mln to Silliman University
NATIONAL POWER: Privatization Proceeds Set Aside to Pay Debts

SANITARY WARES: Files for Voluntary Insolvency


S I N G A P O R E

CHARTERED SEMICONDUCTOR: Cuts Loss, Posts Profit After 4 Years
CHARTERED SEMICONDUCTOR: Begins Customer Prototyping at Fab 7
HO WAH: Appoints New Independent Director
HOTLINE INDUSTRIES: Enters Bankruptcy Proceedings
HTL TRAVEL: Court to Hear Winding Up Petition on Feb.11

MSC AUTOMATION: Schedules Winding Up Hearing on Feb. 4
NISON INDUSTRIAL: Winding Up Hearing Set Feb. 11
RENDEZVOUS HOTELS: Undergoing Members Voluntary Liquidation


T H A I L A N D

KRUNG THAI: Uses Capital Increase Fund to Support Ops
NATURAL PARK: Summarizes Utilization of Increased Capital
BOND PRICING: For the Week 24 January to 28 January 2005

     -  -  -  -  -  -  -  -

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


AUSTRALIAN GOAT: To Wind Up as Creditors Voluntary Liquidation
--------------------------------------------------------------
Notice is hereby given that at a meeting of creditors of
Australian Goat Breeders Limited (In Liquidation) A.C.N. 010 635
382 held on 20 December 2004 it was resolved that the Company be
converted from a Members Voluntary Liquidation to a Creditors
Voluntary Liquidation and that for such purposes Roderick Mackay
Sutherland, of Jirsch Sutherland Chartered Accountants, be
appointed Liquidator.

Dated this 21st day of December 2004

R.M. Sutherland
Liquidator
Jirsch Sutherland
Chartered Accountants
Level 2, 84 Pitt Street
Sydney NSW 2000
Telephone: (02) 9233 2111
Facsimile: (02) 9233 2144


CHAMPION REALTY: To Declare Dividend February 2
-----------------------------------------------
A first & final dividend is to be declared on Wednesday,
February 2, 2005 for Champion Realty (NSW) Pty Limited (In
Liquidation) A.C.N. 072 257 428.

Creditors whose debts or claims have not already been admitted
are required today, February 1, 2005 to formally to prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 11th day of January 2005

Christopher J. Palmer
Official Liquidator
O'Brien Palmer
Level 4, 23-25 Hunter Street,
Sydney NSW 2000


CHEMEQ LIMITED: Halts Stock Trading as Mizuho Does Due Diligence
----------------------------------------------------------------
The Australian Stock Exchange has placed the shares of Chemeq
Limited on a trading halt pending a statement about the outcome
of due diligence by Mizuho International PLC, Dow Jones reports.

Shares of the troubled animal drugs firm will remain suspended
until the earlier of the start of trading on Wednesday or when
the announcement is released.

Mizuho International, a unit of Japan's Mizuho Financial Group
Inc., conditionally agreed in early January to invest up to
AU$60 million in Chemeq.

CONTACT:

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


CHRISTY TRANSPORT: To Declare Final Dividend February 11
--------------------------------------------------------
A first and final dividend is to be declared Friday, February
11, 2005 for Christy Transport Pty Ltd (In Liquidation) A.B.N.
69 081 047 476.

Creditors whose debts or claims have not already been admitted
are required on or before Friday the 4th day of February 2005
formally to prove their debts or claims.  If you do not, they
will be excluded from the benefit of the first and final
dividend.

Dated this 16th day of December 2004

K.L. Sutherland
Official Liquidator
Bent & Cougle
Chartered Accountants
332 St Kilda Road, Melbourne Vic 3004


C.P.K.Z. PTY: Appoints Liquidator for Winding Up Purposes
---------------------------------------------------------
Notice is hereby given that at a Meeting of Members of C.P.K.Z.
Pty Ltd A.C.N. 005 575 860 held on the 24th December 2004, it
was resolved that the Company be wound up voluntarily and for
such purpose, Paul Vartelas of B.K. Taylor & Co., 8th Floor, 608
St Kilda Road, Melbourne be appointed Liquidator.

Dated this 24th day of December 2004
Paul Vartelas
Liquidator


DELIFRANCE AUSTRALIA: Lays Out Meeting Agenda
---------------------------------------------
Notice is given pursuant to Section 509 of the Corporations Act
2001 that a Final Meeting of the Members and Creditors of
Delifrance Australia (Management Services) Pty Limited (In
Liquidation) A.C.N. 069 227 578 will be held at the offices of
Ferrier Hodgson, Level 17, 2 Market Street Sydney, NSW 2000 on
February 11, 2005 at 10:00 a.m.

AGENDA

(1) To receive an account showing the manner in which the
winding up has been conducted and the property of the Company
disposed of and hearing any explanations that may be given by
the Liquidator.

(2) To consider any other business properly brought before the
meeting.

Dated this 22nd day of December 2004

B. A. Taylor
Joint and Several Liquidator
Ferrier Hodgson
Chartered Accountants
Level 17, 2 Market Street,
Sydney NSW 2000


GMR PTY: Appoints Liquidator to Wind Up Company
-----------------------------------------------
Notice is hereby given that at a general meeting of members of
GMR (No 2) Pty Limited (In Liquidation) A.C.N. 001 533 660 held
on 21 December 2004, it was resolved that the Company be wound
up voluntarily and that for such purpose Sule Arnautovic was
appointed Liquidator of the Company.

Dated this 21st day of December 2004

Sule Arnautovic
Liquidator
Jirsch Sutherland
Chartered Accountants
Level 2, 84 Pitt Street
Sydney NSW 2000
Telephone: (02) 9233 2111
Facsimile: (02) 9233 2144


HENRY WALKER: Calls in Administrators after Funding Plan Fails
--------------------------------------------------------------
The board of Henry Walker Eltin Group Limited (HWE) disclosed in
a press release that it has appointed voluntary administrators
to its operations.

The appointment of John Gibbons, Jack Crumlin and Keiran
Hutchison of Ernst & Young as voluntary administrators follows
the decision by Gelncore Finance AG not to proceed with the
proposed recapitalization announced on Dec. 23, 2004, and
difficulties experienced by the Company in securing long-term
funding agreements.

The Company requested a suspension of trading under ASX Listing
Rule 17.2 following the appointment of voluntary administrators
as announced earlier.

HWE expects that the suspension will last during the course of
the administration, and will end with the retirement of the
administrator.

CONTACT:

Henry Walker Eltin Group Limited
33 Paul Street North
North Ryde, New South Wales 2113
Australia
Phone: +61 02 9887 6400
Fax: +61 02 9805 0945
Web site: http://www.hwe.com.au/


HERRON TODD: Sets February 14 as Final Meeting Date
---------------------------------------------------
Notice is hereby given pursuant to section 509 of the
Corporations Act 2001 that a final meeting of the creditors and
members of Herron Todd White (Sydney) Pty Ltd (In Liquidation)
A.C.N. 096 481 364 will be held at the offices of
WalterTurnbull, Chartered Accountants, Level 17, 55 Clarence
Street, Sydney, NSW 2000 on February 14, 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 of hearing
any explanations that may be given by the liquidator.

Dated this 11th day of January 2005

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


HUA DA: Court Names G.A. Crisp as Liquidator
--------------------------------------------
On the 15 December, 2004 the Supreme Court of Victoria in
Proceeding No. 8770 of 2004, ordered the winding up of the Hua
Da International Trading Pty Ltd A.C.N. 063 286 573 and G.A.
Crisp was appointed as official liquidator of the Company.

Dated this 20th day of December 2004

G.A. Crisp
Official Liquidator
c/- RSM Bird Cameron Partners
Level 8, 525 Collins Street,
Melbourne Vic 3000


INTERNATIONAL CARD: Members Agree to Wind Up Company
----------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
International Card Systems (Australia) Pty Limited (In Voluntary
Liquidation) A.C.N. 003 548 936 duly convened and held on
December 29, 2004, a Special Resolution that the Company be
wound up voluntarily was passed by members and David Levi and
Riad Tayeh of de Vries Tayeh were appointed joint and several
Liquidators.

Dated this 29th day of December 2004

David Levi
Riad Tayeh
Joint and Several Liquidators
c/- de Vries Tayeh
Level 7, 33 Bligh Street,
Sydney NSW 2000


JENJAY PTY: To Hold Final Meeting February 11
---------------------------------------------
Notice is hereby given pursuant to Section 509 of the
Corporations Act that a final meeting of the members of Jenjay
Pty Ltd (In Voluntary Liquidation) A.C.N. 007 595 244 will be
held at the offices of Thomson Playford, 101 Pirie Street,
Adelaide, South Australia on February 11, 2005 at 10:00 a.m. for
the purpose of having an account laid before them showing the
manner in which the winding up has been conducted and the
property of the Company disposed of and of hearing any
explanation that may be given by the liquidator.

Dated this 14th day of December 2004

Bruce N. Mulvaney
Liquidator
Bruce Mulvaney & Co
1st Floor, 613 Canterbury Road,
Surrey Hills Vic 3127


J&K MAKHLOUF: Court Issues Winding Up Order
-------------------------------------------
On 17 December 2004, the Supreme Court of New South Wales,
Equity Division made an order that J&K Makhlouf Pty Ltd (In
Official Liquidation) A.C.N. 074 954 984 be wound up and
appointed me to be Official Liquidator.

Dated this 20th day of December 2004

Antony De Vries
Official Liquidator
de Vries & Co
Level 3, 95 Macquarie Street,
Parramatta NSW 2150


KA HAIGH: Members Resolve to Wind Up Company
--------------------------------------------
Notice is hereby given that at a general meeting of members of
KA Haigh Pty Limited (In Liquidation) A.C.N. 000 849 409 held on
20 December 2004, it was resolved that the Company be wound up
voluntarily and that for such purpose R.M. Sutherland was
appointed Liquidator of the Company.

Dated this 11th day of January 2005

R.M. Sutherland
Liquidator
Jirsch Sutherland
Chartered Accountants
Level 2, 84 Pitt Street
Sydney NSW 2000
Telephone: (02) 9233 2111
Facsimile: (02) 9233 2144


KARFAM PTY: Gives Creditors Until Today to Prove Claims
-------------------------------------------------------
A first and final dividend is to be declared on February 22,
2005 for Karfam Pty Limited (In Liquidation) A.C.N. 078 084 134.

Creditors whose debts or claims have not already been admitted
are required today, February 1, 2005 formally to prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 11th day of January 2005

S.J. Parbery
A.L. Smith
Liquidators
PPB
Level 15, 25 Bligh Street,
Sydney NSW 2000
Telephone: (02) 9233 4955
Facsimile: (02) 9221 1310


KINGSWAY PRINTERS: Names Danny Vrkic as Liquidator
--------------------------------------------------
Notice is hereby given that, at a creditors meeting of Kingsway
Printers Pty Limited (In Liquidation) A.C.N. 000 096 980 held on
16 December 2004 it was resolved that the Company be wound up
voluntarily and that for such purpose Danny Vrkic, of Jirsch
Sutherland & Co - Wollongong, Chartered Accountants be appointed
Liquidator.

Dated this 11th day of January 2005

Danny Vrkic
Liquidator
Jirsch Sutherland & Co - Wollongong
Chartered Accountants
Level 3, 6-8 Regent Street
Wollongong NSW 2500
Telephone: (02) 4225 2545
Facsimile: (02) 4225 2545


MAYNE GROUP: Completes Sale of Port Macquarie Base Hospital
-----------------------------------------------------------
Mayne Group Limited advised the Australian Stock Exchange that
further to its announcement on Dec. 23, 2004, Mayne has
completed the sale of Port Macquarie base Hospital to the NSW
Government.

The Company announced on Dec. 23 that it entered into an
agreement to sell Port Macquarie Base Hospital to the State
Government of New South Wales. Under the arrangement, ownership
and operation of the hospital is expected to transfer by mid-
February 2005.

Mayne's Group Managing Director and Chief Executive Officer, Mr.
Stuart James, said that the agreement provided certainty to
doctors and staff at the hospital as well as to the Hastings
community.

"The doctors and staff at Port Macquarie Base Hospital have
continued to provide the high levels of care and service that
the community has come to expect and this agreement resolves
uncertainty regarding the hospital's future," he said.

The agreement has secured the employment for all staff at the
hospital under terms no less favourable than those which
currently exist, and will facilitate a smooth transfer of
hospital's operations to the NSW public health system.

Under the agreement, the NSW government will discontinue the
legal action it brought against Mayne earlier this year in
relation to the proposed transfer of Port Macquarie Base
Hospital to Affinity Health.

The sale will not have a material impact on Mayne's financial
results in the2005 financial year. Mayne will have no
liabilities with respect to the historical or future operation
of the hospital.

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

CONTACT:

Mayne Group
Head Office Address:
Level 21/390 St Kilda Rd Melbourne 3004
Head Office Phone: +613 9868-0700
Web site: http://www.maynegroup.com/


NATIONAL AUSTRALIA: Issues HK$200 Mln Notes Due '07 Via HSBC
------------------------------------------------------------
National Australia Bank Limited said it is offering HK$200
million of fixed-rate notes due 2007, according to Dow Jones.

The lead manager for the bond issuance is HSBC.

Terms for the issue as follows:

Amount:            HK$200 million
Maturity:          Jan. 22, 2007
Coupon:            2.06% per annum
Coupon Frequency:  Annual
Issue Price:       At par
Redemption:        At par
Payment date:      Jan. 20, 2005
Denominations:     HK$1 million
Listing:           None

CONTACT:

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


NEILSEN & BRAME: Lays Out Agenda for Members Meeting
----------------------------------------------------
Notice is given that meetings of the members of Neilsen & Brame
General Carriers Pty Limited A.C.N. 005 001 409 Westfast Pty Ltd
A.C.N. 008 900 990 (All In Liquidation) will be held
concurrently at 215 Spring Street, Melbourne, Vic, 3000 on
February 17, 2005 at 10:00 a.m.

AGENDA

(i) To lay the Liquidator's accounts before the members showing
how the winding up has been conducted and the property of the
companies has been disposed of, and to give any explanations as
required;

(ii) Any other business.

Dated this 17th day of December 2004

David Clement Pratt
Stephen Graham Longley
Liquidator
PricewaterhouseCoopers
215 Spring Street, Melbourne Vic 3000


PAFAP COMPANY: Appoints Joint and Several Liquidators
-----------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
Pafap Company Pty Limited (In Liquidation) A.C.N. 098 256 252
duly convened and held on December 29, 2004, a Special
Resolution that the Company be wound up voluntarily was passed
by members and David Levi and Riad Tayeh were appointed joint
and several Liquidators. Their appointment was confirmed at a
subsequent meeting of creditors held on 29 December 2004.

Dated this 29th day of December 2004

David Levi
Riad Tayeh
Joint and Several Liquidators
c/- de Vries Tayeh
Level 7, 33 Bligh Street,
Sydney NSW 2000


QANTAS AIRWAYS: Cuts Aussie Airpass Fares by 37%
------------------------------------------------
There is no better way to escape the winter cold than by
visiting Australia for a summer getaway. To help travelers warm
up, Qantas Airways has reduced the Qantas Aussie AirPass fares
by 37 percent for travel in February, giving them a chance to
experience the No. 1 sought-after destination at significant
savings.

The Qantas Aussie AirPass includes round-trip economy class air
transportation on select flights from several Canadian cities
including Vancouver, Toronto or Montreal, plus three qualifying
domestic stops in Australia for a period of 7-21 days.
Passengers can extend their stay to 30 days for an additional
CAD$150.

The reduced fare Qantas Aussie AirPass is valid for travel from
February 1 - 28, 2005 with connections available from many North
American cities. Fares start at only CAD$1,399 departing from
Vancouver and CAD$1,599 from Toronto or Montreal for travel in
Zone 1 Australian cities and are per person plus tax. Passengers
can add more domestic flights for just CAD$150 per flight.

Selected Australian cities are divided into three travel zones
with fares varying according to zone. The travel choices in Zone
1 level include Sydney, Canberra, Melbourne, Brisbane, Adelaide,
Gold Coast Queensland, Hobart and Launceston. Travel choices in
Zone 2 include Cairns, Hamilton Island, Townsville, Alice
Springs, Ayers Rock or Darwin at an additional CAD$300 above
Zone 1 level. Travel in Zone 3 to Perth, Broome or Hayman Island
is an additional CAD$600 above Zone 1 level.

"North American travelers have easy access to Australia with the
Qantas Aussie AirPass," said Howard Goldberg, vice president of
marketing and leisure sales for Qantas Airways North America.
"With this specially-priced February fare, travelers can visit
their favorite Australian destinations at an exceptionally great
value during the best season," he added.

Qantas Airways offers transpacific international flights that
include complimentary meals, bar service, and only on Qantas to
Australia, personal seat-back TV screens in Economy class, with
endless entertainment and game options. Time flies on Qantas.

For complete details and other departure dates and fares for the
Qantas Aussie AirPass, travel professionals and customers should
contact Qantas at 1-800-227-4609. Full details are also
available at www.QantasCanada.com. Tour packages using the new
Qantas Aussie AirPass are available by visiting
www.australia.com.

About Qantas Airways

Qantas Airways is a global air carrier with more than 200
aircraft offering service to 135 destinations in 32 countries.
Founded in 1920, Qantas Airways in 2004 celebrated 50 years of
continuous flying between North America and Australia with more
nonstop flights to Australia and New Zealand than any other
carrier and provides convenient connections from Los Angeles to
Indonesia, India and South Africa via the Sydney hub. Recently
named Airline of the Year 2004 by Air Transport World magazine,
Qantas Airways has long been recognized for its continued focus
on excellence in the air as well as on the ground. Recently,
Qantas' Skybed received the prestigious Chicago Athenaeum Museum
2004 Good Design Award for its sleeper seat that is being
introduced in the North American market.

CONTACT:

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


UK COAL: Members Opt to Wind Up Company
---------------------------------------
At general meetings of the members of UK Coal Australia No. 2
Pty Limited (In Liquidation) A.C.N. 073 075 617 held
concurrently at UK Coal PLC, Harworth Park, Blyth Road,
Harworth, Doncaster, South Yorkshire DN11 808 on 21 December
2004, special resolutions that the companies be wound up
voluntarily were passed.

David Clement Pratt
Timothy James Cuming
Liquidator
Level 15, 201 Sussex Street,
Sydney NSW 1171


UNITED PERSONNEL: Final Meeting Slated for February 14
------------------------------------------------------
Notice is hereby given that the final meeting of Members and
Creditors of United Personnel & Protection Agency Pty Limited
(In Liquidation) A.C.N. 096 004 723 will be held at the office
of Ferrier Hodgson, Chartered Accountants, Level 1, 121-123
Crown Street, Wollongong, New South Wales on February 14, 2005
at 10:00 a.m.

The purpose of the meeting is to:

(i) Consider the Liquidator's account of his acts and dealings
and the conduct of the winding up;

(ii) To consider any other matter properly brought before the
meeting.

Dated this 22nd day of December 2004

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


VAAJ SERVICES: Gives Liquidators Until Today to Prove Claims
------------------------------------------------------------
A first and final dividend is to be declared on February 15,
2005 for VAAJ Services Pty Ltd (In Liquidation) A.C.N. 099 744
706.

Creditors whose debts or claims have not already been admitted
are required today, February 1, 2005, formally to prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 17th day of December 2004

P. Newman
Official Liquidator
HLB Mann Judd
Chartered Accountants
Level 1, 160 Queen Street,
Melbourne 3000


YARMOVSKY PTY: Creditors Given Only Until Today to Prove Claims
---------------------------------------------------------------
A first and final dividend is to be declared on 22 February 2005
for Yarmovsky Pty Limited (In Liquidation) A.C.N. 000 017 729.

Creditors whose debts or claims have not already been admitted
are required today, February 1, 2005 formally to prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 11th day of January 2005

S.J. Parbery
A.L. Smith
Liquidators
PPB
Level 15, 25 Bligh Street
Sydney NSW 2000
Telephone: (02) 9233 4955
Facsimile: (02) 9221 1310


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


CENTURY MAIN: Court to Confirm Liquidators' Appointment Feb. 8
--------------------------------------------------------------
Notice is hereby given that pursuant to Rule 45 (2) of the
Companies (Winding-up) Rules and according to the instruction of
Master S. Kwang of the High Court of the Hong Kong Special
Administration Region, a hearing has been fixed on Feb. 8, 2005
(Tuesday) at 10:00 a.m. at the High Court, High Court Building,
38 Queensway, Hong Kong for the purpose of confirming, inter-
alia, the appointment of the liquidators and the appointment of
a Committee of Inspection for Century Main Investments Limited.

Mr. Stephen Liu Yiu Keung
Mr. Yeo Boon Ann
Joint and Several Provisional Liquidators
17th Floor, Hutchison House
10 Harcourt Road
Central, Hong Kong

This notice is dated Jan. 21, 2005.


GOLDEN DRAGON: Court Hearing Set Feb. 16
----------------------------------------
Notice is hereby given that pursuant to Rule 45 of the Companies
(Winding-up) Rules and according to the instruction of Master S.
Kwang of the High Court of the Hong Kong Special Administration
Region, a hearing for Golden Dragon Food Company Limited, has
been fixed on Feb. 16, 2005 (Wednesday) at 3:30 p.m. at High
Court, High Court Building, 38 Queensway, Hong Kong for the
court to consider the application for appointment of Messrs.
Chiang Ping Kwan and Wu Wai Man as Joint and Several Liquidators
of the Company.

Copies of reports of the results of the first meetings of
creditors and contributories are available at the address
hereunder upon request.

Chiang Ping Kwan
Joint and Several Provisional Liquidator
Patrick P K Chiang & Co.
9B Chang Pao Ching Building
427 Hennessy Road
Wanchai, Hong Kong

This notice is dated Jan. 24, 2005.


JCPMUSIC.COM HONGKONG: Enters Winding Up Proceedings
----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Jcpmusic.Com Hongkong Limited formerly known as Blue Max
Productions Limited by the High Court of Hong Kong Special
Administrative Region was on Dec. 16, 2004 presented to the said
Court by the Petitioners, Stellar Group Inc. of 3B Hollywood
Heights, 6 Old Peak Road,  Hong Kong and Rich China Industrial
Limited of 13A, Valiant Commercial Building, 22-24 Prat Avenue,
Kowloon, Hong Kong and Chun Sing Investment Limited of 26th
Floor, Wyndham Place, 40 Wyndham Street, Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 a.m. on
Feb. 16, 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.

C. T. CHAN & CO.
Solicitors for the Petitioner
8th Floor,Grand Building
18 Connaught 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 Feb. 15, 2005.

This notice is dated Jan. 21, 2005.


JDC CORPORATION: Creditors to Prove Debts by Feb. 14
----------------------------------------------------
Notice is hereby given that the creditors of JDC Corporation
(General Contractor) Limited, which is in being compulsory wound
up, are required (if they have not already done so), on or
before Feb. 14, 2005, to send in their names, addresses and
particulars of their debts or claims, and the name and address
of their solicitors, if any, to the Liquidators of the Company
at the 18th Floor, Bel Trade Commercial Building, 1-3 Burrows
Street, Wanchai, Hong Kong.

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

Lui Po San
Kwok Tai Wai
Joint and Several Provisional Liquidators

This notice is dated Jan. 28, 2005.


L&M QUALITY: Winding Up Hearing Fixed March 16
----------------------------------------------
Notice is hereby given that a Petition for the Winding up of L&M
Quality Coatings and Engineering Limited by the High Court of
Hong Kong Special Administrative Region was on Jan. 8, 2005
presented to the said Court by Dah Sing Bank Limited whose
registered office is situated at the 36th Floor, Dah Sing
Financial Centre, 108 Gloucester Road, Wanchai, Hong Kong.

The said Petition will be heard before the Court at 9:30 a.m. on
March 16, 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.

K. B. CHAU & CO.
Solicitors for the Petitioner
16th Floor, Wing Lung Bank Building
45 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 Mar. 15, 2005.

This notice is dated Jan. 28, 2005.


WAH LUNG: Receiving Proofs of Debt Until Feb. 25
------------------------------------------------
Notice is hereby given that a full payment is intended to be
made with regards to Liu Shi Man trading as Wah Lung Motor Type
Service Co. and / or Wah Lung Motor Tyre Service Co. to all
creditors who have already filed their claims with the
undersigned.

Any creditor who have not filed their claims by Feb. 25, 2005
will be excluded from this payment.

E T O'CONNELL
Official Receiver & Trustee

This The Standard notice is dated Jan. 28, 2005.


YACHT ELECTRONICS: Faces Winding Up Process
-------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Yacht Electronics Company Limited by the High Court of Hong Kong
was on Dec. 15, 2004 presented to the said Court by Lo Chi Wai
of Room 1045, Nam Yiu House, Nam Shan Estate, Tai Hang Sai,
Kowloon, Hong Kong.

The said petition will be heard before the Court at 9:30 a.m. on
Feb. 23, 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
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of Feb. 22, 2005.

This notice is dated Jan. 28, 2005.


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


BANK LIPPO: Posts 2004 Net Profit of US$98MLN
---------------------------------------------
Indonesia's PT Bank Lippo Tbk (JSX: LPBN) has posted an un-
audited net profit of IDR893 billion (US$98 million) in 2004,
reports Asia Pulse, quoting the bank's president Joseph Felippus
Peter Luhukay.

According to Mr. Luhukay, Bank Lippo's net interest income of
IDR935 billion and fee based income of IDR485 billion largely
contributed to the increase in net profit.

The bank also managed to reduce operating costs from IDR1,033
billion in 2003 to IDR986 billion. Meanwhile, its loan to
deposit ratio rose to 22.6 percent in the last quarter of 2004
from 20 percent in 2003, and its non-performing loan ratio was
6.8 percent, down from 8.8 percent the previous year.

Mr. Luhukay said that in order to reduce its cost efficiency
ratio from 91 percent in 2004 to 69 percent, the bank will
maintain its strong income bases.

CONTACT:

PT Bank Lippo Tbk.
Asia Tower Building
Jl. Diponegoro Boulevard
Lippo Village, Karawaci, Tangerang
Indonesia
Phone: (62-21) 546 0555; 546 0666
Fax: (62-21) 546 0601; 546 0605


INDOFOOD: Plans Ship Purchase for Wheat Transport
-------------------------------------------------
In a move expected to increase operational efficiency in the
future, PT Indofood Sukses Makmur (ISM) (JSE:INDF) is planning
to acquire a ship for the transportation of imported wheat,
reveals Asia Pulse.

PT ISM Director Franky Welirang said last Thursday the Company's
production costs have risen because prevailing sea
transportation tariffs are too high. He said that it would be
more efficient to buy used ships, since building its own ship
would take about two years.

Indofood also intends to expand its interinsular fleet for
distribution of its products by purchasing one or two smaller
vessels.

CONTACT:

PT Indofood Sukses Makmur Tbk.
Ariobimo Sentral Bldg., 12th Fl.,
Jl. H.R. Rasuna Said X-2 Kav 5, Kuningan
Jakarta, 12950, Indonesia
Phone: +62-21-522-8822
Fax: +62-021-522-6014
Web site: http://www.indofood.co.id


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


DAIKYO INCORPORATED: IRCJ Selects Orix to Sponsor Rehab
-------------------------------------------------------
The state-backed turnaround body has finally chosen the
rehabilitation sponsor of struggling Daikyo Incorporated,
relates The Japan Times.

The Industrial Revitalization Corporation of Japan (IRCJ)
decided to select Orix Corporation to back the restructuring of
the stricken condominium builder.

Under the revival scheme mapped out by the IRCJ, Daikyo
creditors UFJ Bank and Resona Bank will infuse JPY130 billion in
financial aid to the Company. Around JPY100 billion will come in
the form of debt waivers, while the remaining JPY30 billion will
be provided through debt-for-equity swaps.

Meanwhile, Daikyo President Jihei Yamazaki is expected to resign
from his post but will stay in the Company. Orix will probably
send an executive to replace him.

CONTACT:

Daikyo Incorporated
24-13 Sendagaya 4-Chome
Sendagaya No. 21 Daikyo Building
Shibuya-Ku 151-8506, Tokyo 151-8506
Japan
Phone: +81 3 3475 1111
Fax: +81 3 3475 3803
Web site: http://www.daikyo.co.jp/


MITSUBISHI FUSO: Government Authorizes Sale of New Models
---------------------------------------------------------
The Ministry of Land, Infrastructure and Transport on Friday
authorized Mitsubishi Fuso Truck & Bus Corporation to sell new
vehicles, according to the Mainichi Shimbun.

The government decided to grant a type approval to Mitsubishi
Fuso after accepting a follow-up report from the ailing truck
maker on safety and managerial responsibility.

The transport ministry said it is generally satisfied with
Mitsubishi Fuso's report, but stressed that the type approval is
not a declaration of safety. The ministry said it will continue
monitoring the truck maker.

Type approval is a system under which the ministry inspects
whether vehicles conform to safety and environmental standards
when an automaker produces a new type of vehicle.

The type approval received by Mitsubishi Fuso applies to 28
types of its new "Canter" brand small trucks, whose yearly
production numbers about 18,000 vehicles.

CONTACT:

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


MITSUBISHI MOTORS: Unveils New Revitalization Plan
--------------------------------------------------
Mitsubishi Motors Corporation on Friday announced a new business
plan that charts the path forward for the Company through fiscal
2007 (year ending March 2008). The new Mitsubishi Motors
Revitalization Plan provides measures for stabilizing the
Company's operations and improving the stability and soundness
of its financial standing for the mid- and long-term.

The current situation

After publishing its Business Revitalization Plan on May 21,
2004, the Company has devoted itself to implementing the
measures set out in the plan which it designed to regain
customer and public trust and improve profitability. Since the
publication of the plan, the Company has conducted extensive
investigations into past recall problems. The findings of these
investigations have allowed the Company to complete filing of
post-market measures with the Ministry of Land, Infrastructure
and Transport on September 28 last year, as well as to make
substantial progress in its efforts to reform corporate culture.

Despite these achievements, the Company's inability to respond
adequately to past recall problems has delayed the hoped-for
restoration of consumer and public trust and has seriously
impacted sales. This in turn, has highlighted the problem of
over-capacity that has lurked beneath the surface over recent
years. In addition, concerns have deepened about delays in the
recovery of operations and about the financial health of the
Company. As a result of being forced to use funds earmarked for
the revitalization program in the repayment of interest-bearing
debt, the Company now finds itself short of funds.
To break out of this situation and successfully revitalize
itself, the Company, while continuing its efforts to regain
customer and public trust, finds itself in a situation that
requires additional measures to improve profitability. Given
these circumstances, the Company has put together the new
Mitsubishi Motors Revitalization Plan.

Corporate culture reform initiatives

Recovering customer and public trust and reforming corporate
culture are items of absolute priority in the Company's bid to
revitalize itself. The CSR Promotion Office has played a lead
role in the implementation of a wide range of measures designed
to enhance compliance. The Business Ethics Committee, made up of
specialists and leaders in their fields from outside the
Company, has also given valuable advice and guidance from an
external perspective in this regard. An internal seminar program
has enabled each employee to acquire a deeper understanding of
business ethics principles. Employees have now submitted written
pledges to fully observe and practice compliance.

The Company will also be implementing a number of initiatives
and measures designed to reform the corporate culture. These
include "Problem solving through cross-functional activities",
"Training and promoting talented personnel to important
positions", "Personnel evaluation reflecting a 'Customer First'
practice", and "Promotion of personnel exchanges with sales
companies and department rotations".

The current investigation by a panel of external lawyers into
past recall problems will be completed by the end of the fiscal
year. The Company will be determining disciplinary action and
measures to prevent any recurrence on the basis of the panel's
findings.

Key points in the Mitsubishi Motors Revitalization Plan

- Putting customers first / Recovering trust

The new plan puts customers first in all areas, from marketing
through after-sales services
The new plan provides measures for achieving no-compromise
improvements in product quality

- Business strategy
Sales plans reflect downside risks
Promotion of operational tie-ups with other auto makers
Rationalization of production capacity and size of sales
networks (U.S., Australia, Japan)

- Reinforcement of capital and funding
Strengthening of financial standing and securing capital for
revitalization

- Boosting management's effectiveness
Lead from the top with a new management team
Set up a thorough follow-up system

Commitments

-Return to profitability in fiscal 2006 (net income of JPY8
billion)
- Establish sustainable profitability in fiscal 2007 (net income
of JPY41 billion)


Business strategy

(1)  Sales volume plans
Sales plans in the Mitsubishi Motors Revitalization Plan have
been drawn up for each region based on current market trends to
set realistic and achievable targets and eliminate all
foreseeable downward risks. As a result, fiscal year volume
targets in the new plan are lower than those in the Business
Revitalization Plan but are set to recover to the 2003 fiscal
year level of 1,500,000 vehicles in 2007.


(2) Product strategy

a. Motorsport
Mitsubishi Motors places motorsport at the very heart of its car
design and development activities. The technology and know-how
built up through taking part in grueling and competitive events
such as the Dakar rally and the World Rally Championship is
being fed back and injected into production cars as the "Sporty
DNA" and "SUV DNA" that defines the MMC brand. That same
technology and know-how enables the Company to increase safety
and durability as well as on- and off-road driving performance,
thereby raising product value in a lineup that fully embodies
these qualities.

b. Improved efficiencies in model mix
The new plan incorporates measures under which the Company will
trim back the number of low-volume models produced for
individual markets and concentrate managerial resources on
highly competitive global market models. This will raise
development and production efficiencies.

c.  New model launches
The new plan calls for a major increase in the number of new
model launches compared with the last four years. The Company
will expand earning opportunities by aggressively introducing
new models in all regions.

(3)  Business tie-up strategy

To further promote a policy of selection and concentration, the
Company will actively pursue strategic tie-up opportunities with
other automakers. One example is the recently announced
expansion to the supply of minicars on an OEM basis to Nissan
Motor (36,000 units annually). The Company is also in final
negotiations with the Peugeot-Citroen Group (PSA) regarding the
OEM supply of passenger cars and expects to sign the contract in
early February.

The Company is also looking at other tie-ups which involve an
expanded range of models supplied on an OEM basis, component
supply partnering, joint distribution arrangements and joint
procurement.

(4)  Regional strategy

a.  Japan
Driving towards a group structure that returns stable profits,
the Company and its sales companies will continue to work hand
in hand to regain the trust of customers with additional
measures that follow on from the free inspection campaign
covering 3.4 million owners. The Company will also restructure
its sales network and will drive to maximize after-sales
services.

b.  North America
North America remains a vital core market for the Company. To
put its operations in that market on a profitable basis, the
Company will rebuild its brand through the introduction of a new
management structure, with new model launches and by cutting
back on its dependence on fleet sales. It is also introducing
asset impairment accounting principles to deal with excess plant
capacity and is raising capacity utilization by expanding
exports of locally built cars.

The Company is also addressing the U.S. captive financing unit
that sparked the problems in the Company's North American
operations. It is currently reducing its exposure to loan
default risks by selling off a portion of its financing asset
holding to Merrill Lynch. The Company also plans to establish a
new joint venture Company with Merrill Lynch for the purpose of
creating competitive and attractive consumer financing programs.

c.  Europe
To move its European operations forward from the achieving
profitability stage to the growth stage, the Company will work
to promote sales around a stronger model lineup and will also
push forward its efforts to strengthen its management and sales
structures.

d.  China
Positioning China as a core market, the Company is aggressively
exploiting the Mitsubishi brand, which is strong and healthy in
that country, and expanding its operating base in China. In
addition to expanding the range of Mitsubishi brand models
available by boosting capital tie-ups with local companies, the
Company is also pushing ahead with efforts to establish and
expand its sales network. The Company is looking at using its
engine joint ventures in the country to make China a major
engine production hub in Asia, and is going to establish R&D
facilities in the country to reflect local market needs in its
products on a timely basis.

e.  Other markets
The Company is taking steps to strengthen its operational
footing in ASEAN markets. These include strengthening sales in
Thailand, establishing sales structures in Malaysia and
reorganizing its operations in Indonesia. The Company is also
strengthening its production base by boosting capacity in
Thailand, which serves as an export hub to global markets.
As for Australia, the Company is on track to close its engine
plant and downsize its assembly plant. The Company is also
introducing asset impairment accounting principles in order to
address surplus plant capacity.

(5)  Cost reduction

a.  Manpower
As the result of changes to the organization, increased work
process efficiencies, rationalization of work processes and
natural attrition in personnel, the Company's headcount trimming
program is on track and is forecast to achieve the original
targets. The Company is also pushing ahead with further
improvements in work process efficiencies.

b.  Material costs
In view of the deterioration in the procurement market brought
about by falling sales volumes and sharp rises in raw material
costs, the new plan aims to reduce material costs by JPY90
billion on a cumulative basis by fiscal 2006 over fiscal 2003
levels. While this is a downward revision of the original target
in monetary terms, this figure maintains the 15% reduction
called for in the Business Revitalization Plan.

Corporate ideals and direction

Through a process of exhaustive analysis and discussion between
cross-functional teams composed mainly of younger employees and
the departments concerned, the Corporate Revitalization
Committee has looked in depth at a number of issues that the
Company faces. This has allowed the Company to formulate a new
course to steer; one that clarifies to its stakeholders the
ideals that underpin the Company's management as it drives
forward in fulfilling its responsibilities as a corporate
citizen. These ideals are crystallized in the new corporate
maxim: "Mitsubishi Motors is dedicated to responsibly providing
customers and society with driving pleasure and assured
security."

Profit and loss targets

To reflect all the measures described above, the numerical
targets set out in the Business Revitalization Plan and covering
the period up to fiscal 2006-consolidated net sales, operating
profit, ordinary profit, net income for the term-are downwardly
revised in the Mitsubishi Motors Revitalization Plan. The new
plan forecasts that although it will be difficult for the
Company to return to profitability before the end of fiscal
2005, it will do so in fiscal 2006 and in fiscal 2007 will
achieve a record net income for the term of 41 billion yen.

Revised full-year forecasts for fiscal 2004

The new plan forecasts fiscal 2004 sales volume of 1,337,000
vehicles, a decrease of 190,000 on the previous year. This
figure is 63,000 less than the forecast of 1,400,000 vehicles
given when the Company announced its half-year results in
November 2004.

The new plan revises full-year operating result forecasts made
in November 2004. It forecasts consolidated net sales of
JPY2,035 billion, JPY484.4 billion down on the previous year,
and an operating loss of JPY132 billion, JPY35.1 billion worse
than the previous year. Ordinary loss is forecast at JPY197
billion, JPY86.7 billion worse than the previous year, and net
loss for the term is forecast at JPY472 billion, JPY256.6
billion worse than the previous year.

The net loss forecast is significantly worse than the JPY240
billion given in November 2004. This stems mainly from the
booking of extraordinary losses asset impairment accounting
costs subsequent to revised sales volumes in the U.S. and
Australia. The Company is confident these forward-looking
measures will underpin future improvements in business profits.

Support systems: Capital and funding reinforcements

(1)  Capital reinforcement
With the full-support of three Mitsubishi group companies,
during the current fiscal year the Company will make a capital
enhancement of JPY270 billion through the issue of new common
and preferred shares [Mitsubishi Heavy Industries, JPY50
billion; Mitsubishi Corporation, JPY70 billion; The Bank of
Tokyo-Mitsubishi, JPY150 billion (of which JPY50 billion in a
debt-for-equity swap)].

As stated above, this fiscal year the Company has adopted asset
impairment accounting principles. While this will lead to an
impairment of capital, the capital enhancement will make
possible the restoration of shareholders' equity to an
appropriate level and assist the Company in putting its
financial status on a healthy standing.

The capital increase will bring the combined holding of the
three Mitsubishi group companies in the Company to 34%. Because
this will also bring MHI's holding up to 15%, the Company
expects to become an equity method affiliate of MHI in fiscal
2005.

(2)  Borrowing
The Company is planning to raise a total of JPY270 billion in
funding, mostly through new borrowing. New loans are expected to
account for JPY240 billion of this total. The remaining JPY30
billion will be raised either from the purchase of MMC business
assets or through a further capital increase by Mitsubishi
Corporation.

(3)  Capital Expenditure for Revitalization
The capital enhancement and funding measures will give the
Company access to JPY490 billion (excluding a JPY50 billion
debt-for-equity swap). The Company will allocate this funding
with maximum effect to R&D and capital investment which will
provide the platform vital to the successful achievement of the
targets and goals set out in the Mitsubishi Motors
Revitalization Plan.

CONTACT:

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


MITSUBISHI MOTORS: Discloses New Executive Lineup
-------------------------------------------------
Mitsubishi Motors Corporation's board of directors held a
regular meeting Friday and resolved a new lineup of executives.

To view the new line-up of executives, click on:
http://bankrupt.com/misc/TCRAP_MITSUBISHIMOTORS013105.pdf


MITSUBISHI MOTORS: Agrees to Pay JPY70 Bln to DaimlerChrysler
-------------------------------------------------------------
Struggling Mitsubishi Motors Corporation has agreed to pay
DaimlerChrysler some JPY70 billion as compensation for the
values loss the German-American carmaker incurred on its
holdings of Mitsubishi Fuso Truck and Bus Corporation arising
from defect cover-up scandals, reports AFX News, citing the
Nihon Keizai Shimbun.

The Japanese automaker will likely offer DaimlerChrysler about
JPY20 billion in cash and would transfer its entire 20-percent
stake in Mitsubishi Fuso. The move would bring DaimlerChrysler's
stake in Fuso to 85 percent. In addition, MMC is expected to
offer shares in a wholly owned subsidiary, Netherlands Car BV,
at a discounted price.

MMC spun off its truck and bus business in January 2003 to form
Mitsubishi Fuso, with the German automaker acquiring a 65
percent stake in the Company for about JPY140 billion by March
2004.

DaimlerChrysler, which told MMC in June last year that it might
seek damages over share valuation loss, will make a final
decision on the matter in February.

CONTACT:

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


ONORYOGUMI K.K.: Begins Bankruptcy Proceedings
----------------------------------------------
Onoryogumi K.K., a Company engaged in general civil engineering
and construction work, has entered bankruptcy, according to
Teikoku Databank America.

The firm, based in Kesennuma-shi, Miyagi 988-0017, left a total
of US$95.15 million in liabilities.

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


SEIBU RAILWAY: Reform Plan Calls for Merger with Spin-off
---------------------------------------------------------
An interim reform plan unveiled by the Seibu group reform panel
Friday calls for Seibu Railway Company to merge with a spin-off
from the group's core firm, Kokudo Corporation, The Japan Times
reports.

Under the rehabilitation scheme, Seibu Railway is expected to
unite with the Kokudo spin-off, absorb the Prince Hotels chain
and consider selling the Seibu Lions baseball team.

The plan also calls for the controversial railway firm to beef
up its capital by JPY150 billion to JPY200 billion before the
merger. It also recommends the Seibu group to withdraw from or
restructure about 40 of its 160 resort facilities.

In order to reduce the influence of former Kokudo Chairman
Yoshiaki Tsutsumi on the Seibu group, the reform panel approved
a proposal to split Kokudo into two companies. Seibu Railway
will thus replace Kokudo as the core group Company, with Mizuho
Corporate Bank Vice President Takashi Goto assuming the
presidency of the new entity.

The panel, chaired by Ken Moroi, an adviser to Taiheiyo Cement
Corp., has been considering how best to reform the Seibu group
since Seibu Railway's stock price plunged last fall after it was
revealed it had issued false financial reports. The Company was
delisted from the Tokyo Stock Exchange in December.

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/


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


KOOKMIN BANK: Downsizing to Have Positive Effect on Performance
---------------------------------------------------------------
Foreign securities companies have forecast that a layoff
agreement between management and the labor union of Kookmin Bank
will have a positive effect on the bank's future stock prices
and business performance, reports the Korea Times.

In its latest report, Nomura Securities predicts that a cost
reduction underscored by the planned layoff will help the bank
improve its earnings per share (EPS) by 8.6 percent in 2006,
citing the job cut as ``very aggressive.''

But the Japanese brokerage house expects Kookmin to record a
1.9-percent loss in EPS this year due to the cost of the layoff.
EPS refers to total earnings divided by the number of shares
outstanding.

Morgan Stanley also said that Kookmin would be able to open a
new era through the restructuring. It encouraged investors to
buy more shares in the bank. The U.S. securities firm said that
the massive job cuts would cost the Company around KRW250
billion.

Credit Lyonnais Securities Asia (CLSA) called the larger-than-
expected restructuring as a "feat of note". It forecast that the
payroll reduction will eventually boost the bank's stock prices
by KRW3,000 per share in the future.

"Since the restructuring was made through a peaceful agreement
between management and union, it will have a positive effect on
the bank's stock prices and business performance," Kyobo
Securities analyst Sung Byung-soo said, adding that the
restructuring will allow the it to improve profitability in the
long term.

After closing at KRW42,600 on Jan. 21, the bank's share price
steadily increased to KRW44,500 on Jan. 26.

CONTACT:

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


PLUS BANK: FSC Suspends Operations Over Poor CAR
------------------------------------------------
Plus Mutual Savings Bank was ordered to suspend business
operations for six months on Jan. 28 due to its low capital
adequacy ratio (CAR) of -5.55 percent, the Korea Times reports.

According to the Financial Supervisory Commission (FSC), the
savings bank faced the consequences not only for its poor
capital ratio but also for capital erosion of KRW26.5 billion
won as of September 2004.

All financial transactions will not be available at the under-
performing bank for six months from Jan. 28 to July 27.

To resume operations, the savings bank has to submit a concrete
revival plan to the FSC within one month and get approval for
the plan from the financial regulator. If not, the bank will be
put up for sale.

The Korea Deposit Insurance Corporation (KDIC) will guarantee
KRW50 million per person for the bank's 108 customers if the
Pusan-based bank goes bankrupt.

The lender, established in 1971, posted KRW472.4 billion in
lending and KRW453.6 billion in deposits in December.
Plus Bank is the fourth mutual savings bank slapped with an
operation suspension following other banks since last year.


SSANGYONG MOTOR: Shanghai Firm Pays KRW591 Bln for 48.92% Stake
---------------------------------------------------------------
Creditors of Ssangyong Motor Co. have finalized the sale of the
South Korean automobile Company to China's Shanghai Automotive
Industry Corp. for KRW591 billion, reports Dow Jones Newswires.

Ssangyong's main creditor Chohung Bank said the Chinese Company
has completed payment and secured a 48.92 percent
stake, equivalent to 59 million shares in the Company.

The successful conclusion of the deal is doubly symbolic for
Ssangyong as it marks the closure of its five-year debt
restructure program.

"Creditors have been able to retrieve their funds while all
employees of Ssangyong have been retained," Chohung said.

CONTACT:

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


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


AKTIF LIFESTYLE: Releases FY04 Quarterly Results
------------------------------------------------
Aktif Lifestyle Corporation Berhad disclosed its unaudited
quarterly report for the financial period ended Nov. 30, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            30/11/2004

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

        30/11/2004    30/11/2003     30/11/2004   30/11/2003
1  Revenue
            18            323            478        82,997

2  Profit/(loss) before tax
           143            132           -422       -10,687

3  Profit/(loss) after tax and minority interest
           143            132           -422       -10,513

4  Net profit/(loss) for the period
           143            132           -422       -10,513

5  Basic earnings/(loss) per shares (sen)
             0.70           0.64          -2.06     -51.34

6  Dividend per share (sen)
             0.00         0.00         0.00       0.00

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

7  Net tangible assets per share (RM)
0.1100 0.1300

For full details on the report, click on:

http://bankrupt.com/misc/tcrap_aktif1012905.xls

http://bankrupt.com/misc/tcrap_aktif2012905.doc

CONTACT:

Aktif Lifestyle Corporation Berhad
Level 10, Grand Seasons Avenue, No. 72,
Jalan Pahang, 53000 Kuala Lumpur
Malaysia
Phone:  (60) 3 2693 1828
Fax:    (60) 3 2691 2798


ANTAH HOLDINGS: Unit Sells Vehicle as Part of Restructuring
-----------------------------------------------------------
Pursuant to Paragraph 10.08 of the Bursa Malaysia Securities
Berhad Listing Requirements, Antah Holdings Berhad announced
that wholly owned subsidiary Kaseh Lebuhraya Sdn. Bhd.(Kaseh
Lebuhraya) had on Jan. 28, 2005 disposed of a Company car,
Mercedes Benz S500L bearing registration number NAY1 to Jimah
Energy Ventures Sdn. Bhd. (JEV) at a consideration of
RM414,448.00 (the Transaction).

1. DETAILS OF PARTIES TO THE TRANSACTION

Kaseh Lebuhraya was incorporated in Malaysia on Jan. 18, 1996
under the Companies Act, 1965. The principal activity of Kaseh
Lebuhraya is highway concessionaire.

2. CONSIDERATION FOR THE TRANSACTION AND THE BASIS OF ARRIVING
AT THE CONSIDERATION

The consideration for the Transaction amounting to RM414,448.00
is based on willing buyer willing seller.

The net book value of the Company car as at Jan. 1, 2005 is
RM376,553.94.

3. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS
CONNECTED TO THEM

The Executive Chairman, Y.A.M. Tunku Naquiyuddin ibni Tuanku
Ja'afar (Y.A.M. Tunku Naquiyuddin) is a common director in the
Company and JEV. He is also a major shareholder of Antah
Holdings direct and indirect interest of 0.40% and 25.58%
respectively. Y.A.M. Tunku Naquiyuddin and D.Y.M.M. Tuanku
Ja'afar ibni Almarhum Tuanku Abdul Rahman are shareholders in
Jimah Teknik Sdn. Bhd. which hold shares in Jimah Energy
Ventures Holdings Sdn. Bhd. which in turn holds shares in JEV.

Save as disclosed above, none of the other Directors of Antah
or major shareholders and persons connected thereto have any
interest, direct or indirect, in the Transaction.

4. RATIONALE FOR THE TRANSACTION

The Transaction is part of the Company's restructuring exercise.
The Transaction is carried out on an arm's length basis and on
commercial terms which are not more favorable to the related
parties than those generally available to the public and which
will not be detrimental to the minority shareholders of the
Company.

5. FINANCIAL EFFECTS OF THE TRANSACTION

The Transaction do not have any effect on the issued and paid-up
share capital and substantial shareholders' shareholding of
Antah Group and do not have any material effect on the net
tangible assets per share and earnings per share of Antah Group.

6. APPROVALS REQUIRED

No approvals from the shareholders and relevant authorities are
required for the Transaction.

7. STATEMENT BY BOARD OF DIRECTORS

The Board of Antah having taken into consideration all aspects
of the Transaction, with the exception of Y.A.M. Tunku
Naquiyuddin ibni Tuanku Ja'afar, is of the opinion that the
Transaction is in the best interest of the Antah Group and are
at arm's length basis and on normal commercial terms that are
not more favourable to the transacting party than those
generally available to the public.

CONTACT:

Antah Holdings Berhad
Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights 50490
Kuala Lumpur, Malaysia
Phone: 03-20849000
Fax:   03-20949940

This announcement is dated Jan. 28, 2005.


AOKAM PERDANA: Changes Name to Java Incorporated Berhad
-------------------------------------------------------
Aokam Perdana Berhad announced that the special resolution as
set out in the Notice of Extraordinary General Meeting (EGM) of
the Company dated Jan. 7, 2005, was duly passed at the EGM held
on Jan. 28, 2005 at Dewan Berjaya, Bukit Kiara Equestrain &
Country Resort, Jalan Bukit Kiara, Off Jalan Damansara, 60000
Kuala Lumpur.

The resolution as set out in the Company's Notice of AGM was as
follows:

"THAT the name of the Company be changed from Aokam Perdana
Berhad to Java Incorporated Berhad with effect from the date of
the Certificate of Incorporation on Change of Name of Company
issued by the Companies Commission of Malaysia and by
substituting the name of Aokam Perdana Berhad to Java
Incorporated Berhad in the Company's Memorandum and Articles of
Association and wherever the name of the Company appears and
that the Directors and Company Secretary be and are hereby
authorized to carry out all necessary formalities in effecting
the change of name."

CONTACT:

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


BUKIT KATIL: Unveils December Production Figures
------------------------------------------------
Bukit Katil Resources Berhad announced the production figures
for the month of December 2004 in respect of the Group's
plantation production are as follows:

Current Month: December 2004
FFB (mt): 579.58

Preceeding Year Corresponding Month: December 2003
FFB (mt): 561.10

Current Year to date: December 2004
FFB (mt): 3,287.08

Preceedings Year Corresponding Period: December 2003
FFB (mt): 4,459.64

CONTACT:

Bukit Katil Resources Berhad
Damasara Town Centre
Jalan Damanlela Pusat Bandar Damansara,
Damansara Heights, Kuala Lumpur
50490 Malaysia
Phone: +60 3 2095 7077
Fax:   +60 3 2094 9940


DATUK KERAMAT: To Provide Solvency Declaration Soon
---------------------------------------------------
Further to the announcement made to Bursa Malaysia Securities
Berhad on Jan. 24, 2005, Datuk Keramat Holdings Berhad (DKMAT)
will provide Bursa Securities with a solvency declaration
executed by the directors of the Company within 7 days from this
announcement.

Query Letter content:

WINDING-UP PETITION SERVED ON DATUK KERAMAT HOLDINGS BERHAD
(DKMAT)

We refer to your announcement dated Jan. 24, 2005.

In this connection, kindly furnish Bursa Malaysia Securities
Berhad (Bursa Securities) with the following information
immediately for public release:

(i) Whether DKMAT undertakes to provide Bursa Securities a
solvency declaration executed by the directors of DKMAT within
seven (7) days from the date hereof (where such declaration can
be made).

Please note that the contents of the announcement must be
endorsed by the board of directors of DKMAT.

Yours faithfully

LISA LAM
Sector Head
Issues & Listing
Group Regulations

CONTACT:

Datuk Keramat Holdings Berhad
16B 3rd Floor
Jalan 14/20 Section 14
46100 Petaling Jaya
Malaysia
Phone: 03-79588166
Fax:   03-79566766


GOLDEN FRONTIER: Buys Back 8,000 Shares
---------------------------------------
Golden Frontier Berhad disclosed details of its shares buy back
on Jan. 28, 2005 to the Bursa Malaysia Securities Berhad.

Date of buy back: 28/01/2005

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

Total number of shares purchased (units): 8,000

Minimum price paid for each share purchased (RM): 0.660

Maximum price paid for each share purchased (RM): 0.685

Total consideration paid (RM): 5,464.71

Number of shares purchased retained in treasury (units): 8,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 1,293,000

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

This announcement is dated Jan. 28, 2005.


HONG LEONG: Unit Enters Into Share Disposal MOA
-----------------------------------------------
On Jan. 28, 2005, Hong Leong Credit Berhad subsidiary HLG
Capital Berhad (HLG Cap) announced that it had on even date
entered into a Memorandum of Agreement (Agreement) to dispose of
51 million common shares of stock of HLG Philippines, Inc.
(HPI), representing 100% equity interest in HPI, to DHG Capital
Holdings, Inc. (DHG) for a cash consideration of Php141,433,000
(or approximately RM9.52 million) (Php1=RM0.0673) (Proposed
Disposal).

Details of the Proposed Disposal are set out in the said HLG Cap
announcement. The Proposed Disposal is subject to inter-alia the
approval of shareholders of HLC, the holding Company of HLG Cap,
pursuant to Section 132E of the Companies Act, 1965.
Accordingly, HLC will be convening an extraordinary general
meeting to seek its shareholders' approval for the Proposed
Disposal.

The Proposed Disposal is not expected to have any material
effect on the earnings and net tangible assets per share of the
HLC Group for the financial year ending June 30, 2005.

Hong Leong Company (Malaysia) Berhad (HLCM) is a major
shareholder of HLC and GGL. GGL is also a major shareholder of
HLC. YBhg Tan Sri Quek Leng Chan, a Director and deemed major
shareholder of HLC, HLG Cap and GGL, has major interest in POPI.
He also has direct interest in the shares of HLC and GGL. Mr
Quek Leng Chye and Mr Kwek Leng Beng, deemed major shareholders
of HLC, HLG Cap and GGL, also have direct interests in HLC. YBhg
Tan Sri Quek Leng Chan and Mr Quek Leng Chye are brothers.

Save as disclosed, the Company is not aware of any of its other
Directors, major shareholders or persons connected with them
having any interest, direct or indirect, in the Proposed
Disposal.

CONTACT:

Hong Leong Industries Berhad
Level 9, Wisma Hong Leong
18, Jalan Perak
50450 Kuala Lumpur
Malaysia
Phone: 03-2164 2631
Fax:   03-2164 2514
Web site: http://www.hongleong.com

This announcement is dated Jan. 28, 2005.


KEMAYAN CORPORATION: Releases FY04 Quarterly Results
----------------------------------------------------
Kemayan Corporation Berhad disclosed its unaudited quarterly
report for the financial year ended Nov. 30, 2004.

                  SUMMARY OF KEY FINANCIAL INFORMATION
                            30/11/2004

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

        30/11/2004    30/11/2003     30/11/2004   30/11/2003
1  Revenue
            6,271        2,325          7,779        9,805

2  Profit/(loss) before tax
         -25,084       -22,802        -52,229      -45,830

3  Profit/(loss) after tax and minority interest
         -25,264       -22,980        -52,599      -46,108


4  Net profit/(loss) for the period
         -25,264       -22,980        -52,599      -46,108

5  Basic earnings/(loss) per shares (sen)
           -6.93         -6.30         -14.43       -12.65

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)
            -4.2600      -4.1000

For further details on the report, click on:

http://bankrupt.com/misc/tcrap_kemayan1012905.doc

http://bankrupt.com/misc/tcrap_kemayan2012905.xls

CONTACT:

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


K.P. KENINGAU: Issues Monthly Default Status Update
---------------------------------------------------
As required by Bursa Malaysia Securities Berhad Practice Note
1/2001, K.P. Keningau Berhad (KPK) provides an update on its
default in payments as at Dec. 31, 2004 as attachment in
Appendix A.

The total default by KPK on principal sums plus interest as at
Dec. 31, 2004 amounted to RM38,473,689.21. The defaulted
payments owing to financial institutions are in respect of past
facilities, which comprised of trade financing, term loans,
revolving credits and overdrafts. Details of security covers
thereof are as per the earlier announcement made on Jan. 19,
2004.

Further, with regard to the three Writs of Summons and
Statements of Claims - Suit No: K22-164-2004, K22-165-2004 and
K22-169-2004 respectively filed in the High Court in Sabah and
Sarawak at Kota Kinabalu by United Overseas Bank (Malaysia) Bhd
against KPK and three of its subsidiary companies as announced
on 30 November 2004, KPK wishes to inform that Company
Solicitors have on Dec. 13 and Dec. 21, 2004 filed in the
respective defenses on behalf of the Defendants. KPK would
provide periodical updates on status of the above legal suits.

Save for the above there is no new development on the default in
payment since the previous announcement made in pursuant to this
Practice Note.

Please refer to the Appendix attached:

http://bankrupt.com/misc/tcrap_kpkeningau013105.doc

CONTACT:

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

This announcement is dated Jan. 28, 2005.


K.P. KENINGAU: Unveils Monthly Production Figures
-------------------------------------------------
K.P. Keningau Berhad announces that the Company's log production
figures for the month of December 2004 reached 274 M3.


LANKHORST BERHAD: Answers Winding Up Petition Query
---------------------------------------------------
Lankhorst Berhad refers to the Bursa Malaysia Securities Berhad
(Bursa Securities)'s query letter dated Jan. 27, 2005 pertaining
to the winding-up petition of subsidiary Lankhorst M&E Sdn Bhd
(LMESB) appearing in The Malay Mail, page 57 on Thursday, Jan.
27, 2005.

The Company hereby furnished the following information as
requested by the Bursa Securities for public release:

1. The name of the Petitioner is YSE Electric (Kuala Lumpur)
Sdn. Bhd. The Company was aware of the petition only upon
receiving Bursa's letter dated Jan. 27, 2005 together with a
copy of the said advertisement.

2. The claim is for the balance price for goods sold and
delivered to LMESB for the amount of RM112,721.80 together with
interests of RM19,249.81 at 1.5% p.m. from 1 April 2004 till
realization, which is disputed.

3. Even though there was no claim filed nor any Judgment entered
against LMESB, the Petitioner had served a Section 218 Notice on
LMESB claiming for the said amount. The amount claimed was
disputed and LMSB had duly replied to the Petitioner before the
expiry of the Section 218 Notice. Despite that, the Petitioner
had wrongly filed for the Petition for which LMESB has requested
its lawyers to file for an affidavit in opposition.

4. The total cost of investment in LMESB is RM440,002 (being 55%
of the issued and paid up capital, held through Lankhorst
Pancabumi Contractors Sdn. Bhd.)

5. The claim and proceedings will not have any significant
financial and operational impact on the Company or on the Group.

6. There are no expected losses arising out of the winding-up
proceedings.

7. LMESB has instructed its lawyers to strongly oppose the
Petition and in view of the dispute in the amount claimed and
that there was no Judgment entered against LMESB, the Company is
of the view that the Petition cannot be sustained.

8. The date of the hearing of the Petition is Feb. 22,2005.

9. LMESB is not a major subsidiary of the Company.

The contents of this announcement has been endorsed by the
Board.

By Order of the Board.

This announcement is dated Jan. 28, 2005.

Query Letter content:
We refer to the advertisement on winding-up petition appearing
in The Malay Mail, page 57 on Thursday, Jan. 27, 2005, a copy of
which is enclosed for your reference.
In this connection, kindly furnish Bursa Malaysia Securities
Berhad (Bursa Securities) with the following information
immediately for public release:
The name of the petitioner and date the winding-up petition was
served on LMESB;
The particulars of the claim under the petition, including the
amount claimed for under the petition and the interest rate;
The details of the default or circumstances leading to the
filing of the winding-up petition;
The total cost of investment in LMESB;
The financial and operational impact of the winding-up
proceedings;
The expected losses, if any, are arising from the winding-up
proceedings;
The steps taken and proposed to be taken by the Company in
respect of the winding-up proceedings;
The date of hearing;

9. Where LMESB is a major subsidiary, a statement whether
Lankhorst Berhad
(Company) and its group of companies (Group) is solvent i.e.
that no contingent or other liability has become or is likely to
become enforceable within the period of twelve (12) months from
the date thereof which will or may affect the ability of the
Group or the Company to meet their obligations as and when they
fall due; and
10. Where LMESB is a major subsidiary, an undertaking to provide
Bursa Securities a solvency declaration executed by the
directors of the Company within seven (7) days (where such
declaration can be made).
Please note that the board of directors of the Company must
endorse the contents of the announcement.

Yours faithfully

INDERJIT SINGH
Sector Head
Issues & Listing
Group Regulations
CKM
Copy to: Securities Commission (via fax)

CONTACT:

Lankhorst Berhad
Tingkat 6, Bangunan UMNO Selangor
Persiaran Perbandaran
Seksyen 14
40000 Shah Alam, Selangor
Malaysia


MANGIUM INDUSTRIES: Unit Defaults on Repayments
-----------------------------------------------
Mangium Industries Berhad (MIB) announced that its wholly owned
subsidiary, Mangium Sawmill Sdn Bhd (MSSB) has not paid, and is
deemed to have defaulted in its repayments on facilities granted
by Standard Chartered Bank Malaysia Berhad (SCB) and Southern
Bank Berhad (SBB), which are unsecured.

The details of the facilities currently in default in compliance
with Section 3.1 of Practice Note 1/2001 are tabulated in Table
1 attached.

A) REASON FOR DEFAULT IN PAYMENTS

The unfavorable timber market and depressed prices for timber
and timber related products throughout Asia since the financial
crisis in the year 1997, adversely affected many of the
Company's buyers, and they are facing financial difficulties,
hindering them from settling their outstanding balances despite
management efforts to collect these outstanding debts. As a
result, the cash flow generated from operations was not enough
to pay the interest and principal obligations to the lenders as
and when they fell due.

B) MEASURES BY THE LISTED ISSUER TO ADDRESS THE DEFAULT IN
PAYMENTS

Both SCB and SBB had agreed to MIB's Proposed Debt Settlement &
Restructuring Scheme announced on Dec. 22, 2003.

C) FINANCIAL AND LEGAL IMPLICATIONS IN RESPECT OF THE DEFAULT IN
PAYMENTS INCLUDING THE EXTENT OF THE LISTED ISSUER'S LIABILITY
IN RESPECT OF THE OBLIGATIONS INCURRED UNDER THE AGREEMENTS FOR
THE INDEBTEDNESS

The estimated total outstanding as at Dec. 31, 2004, in relation
to the payments, which are in default and are the subject of
this announcement amounts to RM10,949,924.90

Since MIB is the guarantor for these loans, it is liable for the
full amount and any further interest and financial cost levied
there or until the settlement of these debts.

D) WHETHER THE DEFAULT IN PAYMENT CONSTITUTES AN EVENT OF
DEFAULT UNDER A DIFFERENT AGREEMENT FOR INDEBTEDNESS (CROSS
DEFAULT) AND THE DETAILS THEREOF, WHERE APPLICABLE

The facilities listed above represent the borrowings of MIB's
wholly owned subsidiary, MSSB, and as a result of their default,
the remaining facilities granted by other lenders to MSSB are
all technically in default by virtue of the "Cross Default"
clauses in the Letter of Offers.

However, the lenders have kept in view further legal action
other than those which have been disclosed in the Annual Report
and Announcements, since MIB is in active negotiations with them
to normalize and regularize the accounts.

For further details of the report, go to:

http://bankrupt.com/misc/tcrap_mangium012905.doc

CONTACT:

Mangium Industries Berhad
2nd Floor Menara MAA
6 Lorong Api-Api 1
88000 Kota Kinabalu
Sabah, Malaysia
Phone: 6088-315000
Fax:   6088-312213


PAN MALAYSIA: Repurchases Additional Shares
-------------------------------------------
Pan Malaysia Corporation Berhad disclosed details of its shares
buy back on Jan. 28, 2005 to the Bursa Malaysia Securities
Berhad.

Date of buy back: 28/01/2005

Description of shares purchased: Ordinary shares of RM0.50 each

Total number of shares purchased (units): 120,000

Minimum price paid for each share purchased (RM): 0.450

Maximum price paid for each share purchased (RM): 0.465

Total consideration paid (RM): 55,090.19

Number of shares purchased retained in treasury (units): 120,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 18,695,000

Adjusted issued capital after cancellation
(no. of shares) (units): 0

CONTACT:

Pan Malaysia Industries Berhad
14/F MUI Plaza, Jalan P. Ramlee,
50250 Kuala Lumpur
Malaysia
Phone: (60) 3244-1470
Fax:   (60) 3244-7789


PILECON ENGINEERING: Confirms No Change in Default Status
---------------------------------------------------------
With regard to the Dec. 28, 2004 announcement on the status of
default in payment pursuant to Practice Note 1/2001, Pilecon
Engineering Berhad announced that there have been no changes to
the status of default since then.

The Company has revised its earlier Proposed Scheme of
Arrangement (Scheme) and has on Feb. 28, 2004 submitted to the
Securities Commission an appeal against their decision in
rejecting the original Scheme.

Please refer to the announcement dated Feb. 27, 2004 made by the
Company on the revised Scheme for more details and information.

CONTACT:

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


POS MALAYSIA: Resells 200,000 Treasury Shares
---------------------------------------------
In a disclosure to the Bursa Malaysia Securities Berhad, Pos
Malaysia & Services Holdings Berhad issued a notice of resale
and cancellation of treasury shares on Jan. 28, 2005.

Date of transaction: 28/01/2005

Total number of treasury shares sold (units): 200,000

Total number of treasury shares cancelled (units):

Minimum price paid for each share sold (RM): 2.640

Maximum price paid for each share sold (RM): 2.650

Total amount received for treasury shares sold (RM): 529,400.00

Cumulative net outstanding treasury shares as at to-date
(units): 35,338,000

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

CONTACT:

Pos Malaysia & Services Holdings Berhad
189 Jalan Tun Razak
Kuala Lumpur, 50400
Malaysia
Phone: +60 3 2166 2323
Fax:   +60 3 2166 2266


RHB CAPITAL: Notes Change in Contact Number
-------------------------------------------
Pursuant to paragraph 9.19(9) of the Listing Requirement of
Bursa Malaysia Securities Berhad, RHB Capital Berhad notifies
that the general facsimile number of the Company has changed
from 03-92806507 to 03-92819314 effective Jan. 27, 2005.

CONTACT:

Rhb Capital Berhad
Jalan Tun Razak
Kuala Lumpur, 50400
Malaysia
Phone: +60 3 9287 8888
Fax: +60 3 9281 9314

This announcement is dated Jan. 28, 2005.


SRIWANI HOLDINGS: Details Amendment in ISIN Code
------------------------------------------------
Further to Sriwani Holdings Berhad's Listing Circular No. 29229
of 2005, kindly be informed the ISIN Code of ICPS-A is
MYL5177PAK18 instead of MYL5177PAJC1 as stated earlier.

CONTACT:

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


SRIWANI HOLDINGS: Exits PN4 Condition
-------------------------------------
Sriwani Holdings Berhad (SHB) refers to the announcements dated
Jan. 3 & Jan. 27, 2005.

The Company announced that it has regularized its financial
condition and no longer triggers any of the criteria under
paragraph 2.0 of PN 4/2001. Accordingly, SHB is no longer
classified as an "affected listed issuer" pursuant to PN 4/2001.

This announcement is dated Jan. 28, 2005.


SUREMAX GROUP: Unaware of Reasons for Unusual Market Activity
-------------------------------------------------------------
Suremax Group Berhad refers to Bursa Malaysia Berhad's letter
dated Jan. 28, 2005 pertaining to unusual market activity.

The Company announced that the Board of Directors, after having
made due inquiries and to the best of their knowledge are not
aware of any of the following:

a) any material development in the Company's business and
affairs that has been previously disclosed to Bursa Malaysia
Securities Berhad; and

b) any reason that would account for the high trading volume of
Company securities.

Query Letter content :

We draw your attention to the high trading volume in your
Company's shares recently. In accordance with the Corporate
Disclosure Policy on Response To Unusual Market Activity
pursuant to paragraph 9.11 of the Listing Requirements of Bursa
Malaysia Securities Berhad (Bursa Securities LR), you are
requested to furnish Bursa Securities with an announcement for
public release after a due enquiry seeking the cause of the
unusual market activity in the Company's securities. When
considering your response and when making the required
announcement, your attention is particularly drawn to the
continuing disclosure requirements set out in Chapter 9 of the
Bursa Securities LR.
The announcement is to reach Bursa Securities by today via Bursa
Link.

Yours faithfully

CH'NG BOON HUAT
Development & Sector Head
Listing Compliance
Group Regulations

CONTACT:

Suremax Group Berhad
Level 7, Menara Melenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Malaysia
Phone: 03-20957077
Fax:   03-20949940


SYARIKAT KAYU: Discloses FY04 Quarterly Results
-----------------------------------------------
Syarikat Kayu Wangi Berhad disclosed its unaudited quarterly
report for the financial period ended Nov. 30, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            30/11/2004

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

        30/11/2004    30/11/2003     30/11/2004   30/11/2003
1  Revenue
          7,455         6,574          27,633       26,820
2  Profit/(loss) before tax
          -1,611        -1,419         -3,216       -4,425

3  Profit/(loss) after tax and minority interest
          -1,510        -1,471         -3,044       -4,386

4  Net profit/(loss) for the period
          -1,510        -1,471         -3,044       -4,386

5  Basic earnings/(loss) per shares (sen)
           -9.28         -9.04         -18.70       -26.95

6  Dividend per share (sen)
             0.00         0.00         0.00       0.00

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

7  Net tangible assets per share (RM)
             0.4180      0.5790


For further details on the report, click on:

http://bankrupt.com/misc/tcrap_syarikat1012905.doc

http://bankrupt.com/misc/tcrap_syarikat2012905.xls

CONTACT:

Syarikat Kayu Wangi Berhad
Suite 633, 6th Floor
PanGlobal Plaza
Jalan Wong Ah Fook
80000 Johor Bahru , Johor
Malaysia
Phone: 607-2223536
Fax:   607-2248057
Email: skwb@tm.net.my
Web site: http://skw.asiaep.com/


U-WOOD HOLDINGS: Releases FY04 Quarterly Results
------------------------------------------------
U-Wood Holdings Berhad released its unaudited quarterly
report for the financial period ended Nov. 30, 2004.

                 SUMMARY OF KEY FINANCIAL INFORMATION
                            30/11/2004

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

        30/11/2004    30/11/2003     30/11/2004   30/11/2003
1  Revenue
          13,523        49,160         29,677       67,463

2  Profit/(loss) before tax
          -3,799        -1,625         -7,478       -6,326

3  Profit/(loss) after tax and minority interest
          -3,799        -1,625         -7,478       -6,326

4  Net profit/(loss) for the period
          -4,208        -2,021         -8,260       -6,688

5  Basic earnings/(loss) per shares (sen)

           -2.95         -1.42          -5.80        -4.69

6  Dividend per share (sen)
             0.00         0.00         0.00       0.00

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

7  Net tangible assets per share (RM)
             0.0360       0.0890

To view the full report, go to:

http://bankrupt.com/misc/tcrap_u-wood012905.xls

CONTACT:

U-Wood Holdings Berhad
No. 8, 1st Floor
Jalan Apollo CH U5/CH
Bandar Pinggiran Subang
Section U5
40150 Shah Alam
Phone: 03-78451011
Fax:   03-78451022


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


ASIAN DIAMOND: SEC Favors Liquidation to Protect Assets
-------------------------------------------------------
The Securities and Exchange Commission (SEC) favors the
liquidation of ailing pre-need firm Asian Diamond Plans
Incorporated in the absence of an investor interested in
rescuing it from its financial woes, Business World relates.

SEC Chairman Fe. B. Barin believes that Asian Diamond should be
liquidated if it does not get an investor willing to provide the
Company with fresh capital needed to protect its plan holders.
She added that putting the firm under receivership would ensure
the pre-need firm's assets will be preserved.

The management, which is composed of representatives of the SEC
and the Philippine Federation of Pre-need Plans Companies, Inc.,
has not yet issued a formal recommendation to liquidate.

Last week, the group met to formulate its recommendation to
liquidate the firm after the deadline for getting serious offers
from investors lapsed. The committee is expected to submit its
recommendation to the SEC this week.

Meanwhile, the SEC's Office of the General Counsel and the
Compliance and Enforcement Department are studying if Asian
Diamond's liquidation should be handled by the courts or by the
commission itself.

The SEC suspended Asian Diamond's license to sell pension,
education and life plans in 2003 after a Php16-million shortfall
in the trust fund was unearthed.

Asian Diamond's owner, Singapore-based Sovereign Group, failed
to raise enough capital to meet the SEC requirement for pre-need
companies.

CONTACT:

Asian Diamond Plans Incorporated
G L T Building 4301,
Lucena City, QUEZON


ATLAS CONSOLIDATED: Furnishes Copy of Certificate of Compliance
---------------------------------------------------------------
Atlas Consolidated Mining and Development Corporation (AT or the
Corporation) furnished the Philippine Stock Exchange the
attached copy of its Compliance Officer's Certificate on the
Corporation's compliance with the provisions of its Manual on
Corporate Governance for the year 2004.

For your information.

(Originall Signed)
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department

Noted by:

(Original Signed)
JURISITA M. QUINTOS
Senior Vice President

To view the Company's Compliance Officer's Certificate, click
on: http://bankrupt.com/misc/TCRAP_ATLASCONSOLIDATED013105.pdf

CONTACT:

Atlas Consolidated Mining and Development Corporation
7/F, Quad Alpha Centrum
125 Pioneer St., Mandaluyong City
Phone No:  635-2387/4495
Fax No:  633-3759; 634-2312
E-mail Address:  acmdcmla@info.com.ph
Auditor:  SyCip, Gorres, Velayo & Company
Transfer Agent:  Stock Transfer Service, Inc.


COLLEGE ASSURANCE: SEC Questions Valuation of Quezon Property
-------------------------------------------------------------
The general accountant of the Securities and Exchange Commission
(SEC) doubted the method used in the appraisal of the property
College Assurance Plans Philippines Incorporated (CAP) is using
in its bid to boost capital, says Business World.

SEC General Accountant Roberto G. Manabat told the SEC Company
Registration and Monitoring Department that the method used in
appraising the 2,900-hectare land property in Quezon may have
breached international accounting standards.

Cuervo Appraisers valued the property, owned by Romeo Roxas, at
Php6 billion. According to SEC, Cuervo Appraisers employed the
"hypothetical development approach" in appraising the property.
The method values the property as though it were already
developed, than its current state.

"The valuation method as proposed by CAP may now be a serious
violation of the concepts behind the international accounting
standards (IAS) which became effective recently," Mr. Manabat
said.

He explained that under IAS rules, valuations should be based on
fair value, or the amount for which an asset could be exchanged
between knowledgeable and willing parties in an arm's length
transaction.

"Ideally, the best evidence of fair value is given by current
prices in an active market for similar property in the same
location and condition and subject to similar lease and other
contracts," he said.

CONTACT:

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


COLLEGE ASSURANCE: Owes Php22 Mln to Silliman University
--------------------------------------------------------
College Assurance Plan (CAP) owes Silliman University (SU) Php22
million, prompting the school's Business and Finance Office to
require the pre-need firm's estimated 1,000 scholars to pay
their share of Php6,100 for midterm examinations, reports Sun
Star.

According to university treasurer Norma Labrador, the Php6,100
the school is demanding from the students is actually the
required down payment to be shouldered by the parents, since
this is "in excess of the portion by CAP."

In previous years, SU only required a down payment of Php3,200
upon enrollment, Php200-Php400 for prelims and midterm exams,
and the balance for the final examination.

"Our cash flow is negatively affected because of CAP's financial
troubles," Ms. Labrador said, adding that the university also
carries the burden of facing its creditors.

Ms. Labrador said that SU ended up subsidizing CAP grantees
after the pre-need firm failed to pay on the agreed dates for
two consecutive years.

The university billed CAP Php31,265,213.47 at the start of the
second semester, but a total of Php21,886,279.47 was still
outstanding as of this writing. On the other hand, Ms. Labrador
disclosed that CAP's vice-president for school operations, Bobby
Caf‚, had informed her office that 60percent of the outstanding
billing will be paid on the second week of February and the
balance, by early March.

Ms. Labrador said SU is the only school that allows students to
pay their bills in installments, while other schools require
their students to personally pick up their checks from CAP and
settle their accounts. She dispelled rumors that the university
will not accept CAP scholars anymore, saying that the decision
on whether to accept CAP grantees in the future depends on the
Board of Trustees.


NATIONAL POWER: Privatization Proceeds Set Aside to Pay Debts
-------------------------------------------------------------
Department of Finance (DoF) Secretary Juanita D. Amatong said
the privatization proceeds of National Power Corp. (Napocor)
would go to paying off its debts, the Manila Bulletin reports.

Ms. Amatong was trying to convince credit rating agencies, such
as Moody's Investors Service, Standard & Poor's and Fitch
Ratings that the Philippine government deficit problem of which
Napocor is the largest contributor, is "under control."

The government will absorb a debt amount of Php2009 billion from
NPC. A huge part of the losses represents multi-billion payments
to private investors who constructed power plants during the
power crisis in the mid-80s and whom the Company is forced to
pay under contracts disadvantageous to the government.

The Department of Energy warned that Napocor debts will increase
to PHP600 billion this year if the government does not succeed
in privatizing its assets and raising its rates.

Napocor has been selling assets to pay for its financing and
operation needs since 2004.

"We promise not to use Napocor privatization proceeds to pay for
operating costs, but it will be used to reduce debt," said Ms.
Amatong.

Without tariff adjustments, the power firm is estimated to lose
Php69.87 billion this year. But with privatization, it can erase
its financial problems and raise another Php44.9 billion from
the sale of its assets.

According to DoF, if privatization were successful, Napocor's
partial earnings worth Php15.5 billion would be remitted to the
government through the Power Sector Assets and Liabilities
Management Corp.

CONTACT:

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


SANITARY WARES: Files for Voluntary Insolvency
----------------------------------------------
Sanitary Wares Manufacturing Corporation (SWMC) on Jan. 27 filed
a Petition for Voluntary Insolvency with the Regional Trial
Court of Las Pinas City, docketed as Special Proceeding Case No.
05-0011. The Company will soon advise as soon as the initial
hearing for the Petition is set.

Further to the letter to the Philippine Stock Exchange dated
Jan. 12, 2005 regarding the newspaper report attached, please be
advised that the Company already received, through the mails,
the letter from the Securities and Exchange Commission (SEC)
requiring SWMC to explain its failure to disclose its liquidity
problem in its 2004 third quarter report. SWMC will formally
reply to SEC before the expiration of the period granted by SEC.

CONTACT:

Sanitary Wares Manufacturing Corporation
Concha Cruz Drive
Barrio Almanza, Las Pinas City
Tel. No: 842-8950 to 55; 842-8738 to 40
Fax No: 809-3617
E-mail Address: asi.ph@amstd.com
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Bank of the Philippine Islands


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


CHARTERED SEMICONDUCTOR: Cuts Loss, Posts Profit After 4 Years
--------------------------------------------------------------
Chartered Semiconductor Manufacturing Limited has trimmed its
fourth-quarter loss to post its first annual profit in four
years, according to Dow Jones Newswires.

As a result of tax write offs, the beleaguered chip maker
narrowed its loss for the quarter to US$26.8 million from
US$43.2 million, previously.

Chartered earned US$6.6 million in 2004, its first profit since
earning US$224.7 million.

Fourth quarter revenue dropped 26 percent to US$190.6 million
from a year earlier, but was 4.3 percent higher than the third
quarter as it sold more chips used in consumer goods and fewer
chips for computers. For the year, revenue reached US$932.1
million, the highest annual figure since US$1.13 billion booked
in 2000.

Chartered, which is linked with the Singaporean government,
joined larger rival Taiwan Semiconductor Manufacturing Company
in warning that demand for semiconductors will continue to be
weak until the middle of this year. Like Taiwan Semiconductor,
Chartered makes chips used in computers, mobile phones and other
gadgets for customers such as Broadcom Corp. and Agilent
Technologies Inc.

"We believe the trough will be reached within a couple of
quarters," said Chartered Chief Executive Chia Song Hwee.

"The next question is when is recovery and how strong will it
be."

To view the Company's fourth quarter and year 2004 results,
click on:
http://bankrupt.com/misc/TCRAP_CHARTEREDSEMICONDUCTOR013105.pdf

CONTACT:

Chartered Semiconductor Manufacturing Ltd.
60 Woodlands Industrial Park D, Street 2
738406 Singapore
Phone: +65-6362-2838
Fax: +65-6362-2938
Web site: http://www.charteredsemi.com


CHARTERED SEMICONDUCTOR: Begins Customer Prototyping at Fab 7
-------------------------------------------------------------
Chartered Semiconductor Manufacturing, one of the world's top
dedicated semiconductor foundries, has begun prototyping
customer products at its first 300-millimeter (mm) facility, Fab
7, at multiple advanced technology nodes.

The 300mm pilot production activities currently run on
Chartered's 0.13-micron process, the 90-nanometer (nm) cross-
foundry platform jointly developed by Chartered and IBM, and the
90nm siliconon-insulator (SOI) process tuned to IBM's high-
performance product needs.

The recent activity reinforces Chartered's position at the
forefront of advanced technology delivery and manufacturing
execution. It marks Chartered's seamless crossover to 0.13-
micron 300mm manufacturing, following the achievement of volume
production on 200mm wafers that began more than two years ago.
More significantly, the pilot run at 90 nm is built on the
successful technology transfer of the jointly developed
Chartered-IBM process from IBM's 300mm facility in East
Fishkill, New York to Fab 7 - an achievement that brings the
companies closer toward realizing their vision of establishing
the industry's first process-exact, cross-foundry platform that
gives customers dual-source manufacturing
flexibility. In line with volume production plans in mid-2005,
Chartered's Fab 7 has also begun pilot runs of 90nm SOI products
for IBM.

To date, Chartered's Fab 7 has demonstrated functional silicon
results from its 0.13-micron, 90nm and 90nm SOI processes that
out-perform or are on par with industry benchmarks. The initial
defect density metrics from Chartered's 300mm pilot lines are
meeting or exceeding customers' expectations.

With a focus on further defect density improvements and
achieving faster yield ramp, teams from Chartered have started
working with manufacturing process control experts at AMD to
integrate portions of AMD's fab automation technologies and
deploy portions of its industry-leading manufacturing
methodologies at Fab 7. Unique in the industry, these
technologies, methodologies and skill sets are known
collectively as AMD Automated Precision Manufacturing (APM).
Through its alliance with AMD, Chartered aims to automate
complex decisions involved in wafer fabrication processes and
bring maximum efficiency and dependability to Fab 7's advanced
process control infrastructure.

Additionally, Chartered is implementing PDF Solutions'
Characterization Vehicle Infrastructure across Fab 7's processes
to optimize design rule to process margin sensitivity.

"With our initial success in the start-up of Fab 7, Chartered is
demonstrating a new level of performance in manufacturing and
technology implementation," said Kay Chai "KC" Ang, senior vice
president of fab operations at Chartered. "Our customers'
growing confidence and more rapid adoption based on our
performance underscore Chartered's strengthening position of
manufacturing excellence for advanced technologies. We are
pleased with the very close collaboration among Chartered and
its partners, making these achievements possible."

The Chartered-IBM 90nm cross-foundry platform offers a triple-
gate oxide option and is an all-copper interconnect process that
features up to nine levels of metallization and low-k
dielectric. The process is capable of supporting multiple Vt
design for power and performance optimization and for
input/output voltages at 3.3 volts, 2.5 volts, 1.8 volts, 1.5
volts and 1.2 volts. Products that are well suited to the
Chartered-IBM 90nm process include graphic chips, digital
consumer products, storage and networking products, gaming
products and high-performance processor products. To help
customers and design partners validate their designs,
intellectual property and prototypes on the 90nm process,
Chartered also runs quarterly multi-project wafer shuttles at
competitive cycle times.


HO WAH: Appoints New Independent Director
-----------------------------------------
Ho Wah Genting International issued an announcement at the
Singapore Stock Exchange on its appointment of a new independent
director.

Name: Low Beng Tin

Age: 55

Country of principal residence: Singapore

Whether appointment is executive, and if so, area of
responsibility: No

Job Title
Working experience and occupation(s) during the past 10 years:
Chairman of the Board of Directors and Managing Director of
Oakwell Engineering Limited.

Shareholding in the listed issuer and its subsidiaries:  No

Family relationship with any director and/or substantial
shareholder of the listed issuer or of any of its principal
subsidiaries: He is the uncle of Low Shiong Jin, who is a
director of the Company.

Conflict of interest: No

Other Directorship
- These fields are not applicable for announcements of
appointments pursuant to Rule 704(9)

Past (for the last five years) Singapore

(1)  Brac Engineering (S) Pte Ltd
(2)  Brac International Sales Pte Ltd
(3)  Brac Technologies (S) Pte Ltd
(4)  Linnhoff Engineering Pte Ltd
(5)  Brac Equipment (S) Pte Ltd
(6)  Gowell Industry Pte Ltd
(7)  Oaktech Industries (S) Pte Ltd
(8)  Protech Industries (S) Pte Ltd
(9)  Smit Heus (S) Pte Ltd
(10) Trans Instruments (S) Pte Ltd
(11) Pinefield Industries Pte Ltd
(12) USL Asia Pacific Pte Ltd
(13) DS Alliance Pte Ltd
(14) Alpine Engineering Services Pte Ltd
(15) Neutralite Industries Pte Ltd
(16) Tampico Pte Ltd
(17) Art Craft Technology Pte Ltd
(18) Datalogger-Oakwell International Pte Ltd
(19) Transicon-Oakwell Pte Ltd
(20) Oakwell Contract Services (S) Pte Ltd
(21) Alpha Learning Centre Pte Ltd
(22) Seabreeze International Pte Ltd

Malaysia

(1) Asiasoft (M) Sdn Bhd
(2) Brac Engineering (M) Sdn Bhd
(3) Oakwell Management Svcs S/B

India

(1) Donbass Engineering India Pvt Ltd
(2) Oakwell India Pvt Ltd
(3) EPS-Oakwell Power Limited

HongKong

(1) Asiasoft (HK) Ltd
(2) Asiasoft Systems (HK) Ltd
(3) Oakwell Engineering (HK) Ltd

Present Singapore

(1) Oakwell Engineering Limited
(2) Agropak Engineering (S) Pte Ltd
(3) Asiasoft (S) Pte Ltd
(4) Assimilated Technologies (S) Pte Ltd
(5) FST Protection Pte Ltd
(6) M&I Electric Far East Pte Ltd
(7) Oakwell Engineering International Pte Ltd
(8) Oakwell Infrastructure Development Pte Ltd
(9) Oakwell Marine Services (S) Pte Ltd
(10) Second Holdings (S) Pte. Ltd.
(11) Oakwell-Breen Pte Ltd

Malaysia

(1) Oakwell Engineering (M) Sdn Bhd

USA

(1) Oakwell Inc

Information required under Rule 704(7)(h)
Disclose the following matters concerning a director, chief
executive officer, general manager or other executive officer of
equivalent rank. If the answer to any questions is "yes", full
details must be given.

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

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

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

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

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

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

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

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

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

(j) Whether he has ever, to his knowledge, been concerned with
the management or conduct, in Singapore or elsewhere, of the
affairs of:
        (i) any corporation which has been investigated for a
breach of any law or regulatory requirement governing
corporations in Singapore or elsewhere; or

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

Submitted by:
Wong Chin Chong David
Director


HOTLINE INDUSTRIES: Enters Bankruptcy Proceedings
-------------------------------------------------
Notice is hereby given that a petition for the winding up of
Hotline Industries Pte Ltd by the High Court was, on Jan. 17,
2005, presented by Malayan Banking Berhad, a creditor.

The petition will be heard before the Court sitting at the High
Court of Singapore at 10:00 a.m. in the forenoon, on Feb. 11,
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 himself or his 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 at 2 Battery Road, #01-01 Maybank
Tower, Singapore 049907.

The Petitioner's solicitors are Messrs Shook Lin & Bok of 1
Robinson Road, #18-00 AIA Tower, Singapore 048542.

Messrs SHOOK LIN & BOK
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, 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 solicitors (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 12 o'clock noon of
Feb. 8, 2005.

This Singapore Government Gazette notice is dated Jan. 28, 2005.


HTL TRAVEL: Court to Hear Winding Up Petition on Feb.11
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of HTL
Travel & Tours (S) Pte Ltd by the High Court on Jan. 19, 2005
presented by Axa Insurance Singapore Pte Ltd of 143 Cecil
Street, #01-01 GB Building, Singapore 069542, Creditor.

The said Petition will be heard before the Court sitting at the
High Court at 10:00 o'clock in the forenoon on Friday, Feb. 11,
2005.

Any creditor or contributory of the said Company desiring 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 copy of
the Petition by the undersigned on payment of the regulated
charge for the same.

The Petitioner's address is 143 Cecil Street, #01-01 GB
Building, Singapore 069542.

The Petitioner's Solicitors are Messrs Legalworks Law
Corporation of
138, Robinson Road, #13-08/10 The Corporate Office, Singapore
068906.


Messrs LEGALWORKS LAW CORPORATION
138, Robinson Road,
#13-08/10 The Corporate Office,
Singapore 068906

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
Messrs Legalworks Law Corporation, the Petitioner's Solicitors,
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 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 twelve o'clock noon on Feb. 10,
2005.

This Singapore Government Gazette notice is dated Jan. 28, 2005.


MSC AUTOMATION: Schedules Winding Up Hearing on Feb. 4
------------------------------------------------------
Notice is hereby given that a Petition for the winding up of MSC
Automation Pte Ltd by the High Court was, on Jan. 12, 2005,
presented by Hisaka Pte Ltd, a Company incorporated in Singapore
and having its registered office at No. 63 Sungei Kadut Loop,
Hisaka Industrial Building, Singapore 729484, a Creditor.

The said Petition will be heard before the Court sitting at
Singapore at 10:00 a.m., on Feb. 4, 2005.

Any creditor or contributory of the said Company desiring 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.

The Petitioner's address is at No. 63 Sungei Kadut Loop, Hisaka
Industrial Building, Singapore 729484.

The Petitioner's solicitors are Messrs Colin Ng & Partners of 50
Raffles Place, #29-00 Singapore Land Tower, Singapore 048623.

Colin Ng & Partners
Solicitors for the Petitioner

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
Messrs Colin Ng & Partners, notice in writing of his intention
so to do. 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 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
twelve o'clock noon of Feb. 3, 2005.

This Singapore Government Gazette notice is dated Jan. 28, 2005.


NISON INDUSTRIAL: Winding Up Hearing Set Feb. 11
------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
Nison Industrial and Commercial Pte Ltd by the High Court was on
Jan. 18, 2005 presented by the Bank of China Limited (formerly
known as Bank of China) (RC No. F00753/W), 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 Feb. 11, 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.

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 Feb. 8, 2005.

This Singapore Government Gazette notice is dated Jan. 20, 2005.


RENDEZVOUS HOTELS: Undergoing Members Voluntary Liquidation
-----------------------------------------------------------
The Straits Trading Company Limited hereby announced the
appointment of Mr. Brian McMaster of KordaMentha (WA), Level 11,
37 St George's Terrace, Perth, Western Australia as the
liquidator of its 80 percent inactive subsidiary, Rendezvous
Hotels (Queensland) Pty. Ltd (RHQ), on Dec. 21, 2004.

RHQ is now in a members' voluntary liquidation and the
liquidation would be finalized after all relevant Authorities'
clearances have been obtained.

The aforesaid members' voluntary liquidation is not expected to
have any material impact on the net tangible assets or earnings
per share of the Group for the financial year ending Dec. 31,
2005.

CONTACT:

The Straits Trading Company Limited
Web site: http://www.stc.com.sg/


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


KRUNG THAI: Uses Capital Increase Fund to Support Ops
-----------------------------------------------------
Krung Thai Public Company Limited issued an announcement to the
Stock Exchange of Thailand (SET) with reference to the
notification of the Board of Directors of the SET Governing
Criteria, conditions and methods of information disclosure
regarding capital increase of registered companies dated
December 1, 1995, clause 8

"Registered Company shall prepare and submit the report on the
use of fund in the part of capital increase....within 30 days
from the date of month-end June or the date of month-end
December, whichever the case may be....".

Krung Thai Bank PCL hereby wishes to report on the use of
capital increase fund obtain from the exercise of rights to buy
ordinary shares under the Bank's warrant units issued to its
employees who participated in the Mutual Separation Program
(MSP) in 1999, that in June 2004, the Bank employees exercised
their rights by buying 236,000 shares in the total amount of
THB2,360,000.

In this regard, the Bank has used the capital increase fund as
the working capital for its operation.

Please be informed accordingly.

Yours sincerely,

Krung Thai Bank Public Company Limited
Somgiat Sangsurane
Mr. Somgiat Sangsurane
Secretary to the Board of Directors


NATURAL PARK: Summarizes Utilization of Increased Capital
---------------------------------------------------------
With reference to the letter regarding utilization of the
increased capital, Natural Park Public Company Limited notified
the Stock Exchange of Thailand on the utilization of the
remaining amount of THB126 million.

The Company would like to summarize and report the use of
increased capital as of 31 December 2004 as follows:

   Description                        Actual used up as of
                                      31 December 2004
                                      (Million Baht)

(1) Rendering financial assistance    126
by providing loan to affiliated
and subsidiary companies

Total                                 126

Balance                               None


Please be informed accordingly.

Sincerely yours,
Mr.Thowthawal Subhavanich
Chief Financial officer







BOND PRICING: For the Week 24 January to 28 January 2005
--------------------------------------------------------

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


AUSTRALIA
---------

Ainsworth Game                        8.000%    12/31/09    1
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    8
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
CBH Resources                         9.500%    12/16/09    1
Citigold Corp.                       12.000%     3/29/07    1
Consolidated Minerals Ltd            11.250%     3/31/05    3
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                 8.300%    10/31/06    8
Fletcher Building Ltd                 8.600%     3/15/08    7
Fletcher Building Ltd                 8.750%     3/15/06    7
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    3
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
Prime Life Corp.                      9.500%     12/8/06    1
Salomon SB Australia                  4.250%     2/01/09    8
Sapphire Securities                   9.160%     9/20/35    9
Sapphire Securities                   9.250%    12/20/06    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
Tampines Assets Ltd                    5.625%     12/7/06    1


CHINA
-----

China Government Bond                  2.900%    5/24/32    69


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   45


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                          5.000%      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
LBS Bina Group Bhd                     4.000%     12/31/09    1
Lebar Daun Bhd                         2.000%       1/6/07    5
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
Naim Indah Corp.                       0.500%      8/24/06    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                     1.500%     6/30/07    75
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


SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
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







                            *********


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, Faith Marie Bacatan, Reiza Dejito, Peachy Clare
Arreglo, Erica Fernando, Editors.

Copyright 2005.  All rights reserved.  ISSN: 1520-9482.

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