TCRAP_Public/050309.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

             Wednesday, March 9, 2005, Vol. 8, No. 48

                            Headlines

A U S T R A L I A

ALLAMBIE DEVELOPMENTS: To Hold Final Meeting March 29
AVERY HOMES: Names R. J. Porter as Liquidator
BANCHORY PARK: Members Agree to Wind Up Company
CAMPBELL COULTON: Holds Final Meeting Today
CANBERRA FLAIR: Creditors' Proofs of Claim Due Today

CHEMEQ LIMITED: Clarifies Investment Research Report
CLYTOW PTY: Faces Voluntary Winding Up Proceedings
DAVIDSON BENCHMARKING: To Declare Dividend May 3
FAHEYCORP PTY: Members, Creditors to Meet March 31
FAMINCO MINING: Thalanga Not Hurt by Financial Woes

GOLDBOUND PTY: Creditors Must Submit Proofs of Debt by March 14
HAWKESBURY VALLEY: Convenes Final Members Meeting Today
HENRY WALKER: Unit Sale Saves 1,100 Jobs
JAMES HARDIE: Asbestos Compo Report Nears Completion
KINARRA PTY: Members Meeting Set March 16

KINDMONT PTY: To Declare Final Dividend March 25
MERRETT NOMINEES: Members Pass Winding Up Resolution
PECKMAN & MELTON: Appoints Liquidator for Winding Up Purposes
PERICA PTY: Members Decide to Wind Up Company
PORTLAND TIMBER: Names Con Garufi as Liquidator

QANTAS AIRWAYS: Unveils January Traffic Figures
QUALITY SOCIETY: To Undergo Voluntary Liquidation
SANTOS LIMITED: Posts Notice of Director's Interest
UNIVERSAL HOLDINGS: To Hear Liquidator's Account on Winding Up
VINCENT HOLDINGS: Final Meeting Slated for March 14

WHITEHOUSE AUSTRALIA: To Wind Up Voluntarily


C H I N A  &  H O N G  K O N G

CHINA BIOPHARMACEUTICAL: Court Commences Winding Up Hearing
CHINA GAS: Requests Trading Suspension
GOLDEN HARVEST: Unit Enters Into PPB Acquisition Agreement
HAI SAN: Winding Up Hearing Set March 30
KING TAT: Creditors to Submit Proofs of Claims by April 20

NEW WORLD: EGM Slated for March 21
PYPUN-PADAIR ENVIRONMENTAL: Faces Winding Up Proceedings
QIOMOS GROUP: Court to Hear Winding Up Petition April 6
RIGHT JET: Court Issues Winding Up Order
WISE FORTUNE: Winding Up Hearing Fixed March 16


I N D O N E S I A

BANK MANDIRI: Owned 30% Stake in Great River
PERTAMINA: Commissioners Removed from Investigation
TOTAL E&P: Court Dismisses Contractors' Claims


J A P A N

DAIEI INCORPORATED: Marubeni-led Group Inks Rehab Deal
FUJITSU LIMITED: Partners with IDS Scheer
MITSUBISHI MOTORS: U.S. Unit Ties Up with SIRIUS Satellite Radio
SOJITZ HOLDINGS: S&P Raises Rating to BB-, Outlook Stable
UFJ HOLDINGS: Sumitomo Seeks US$955-Mln in Damages

WHK FASHIONS: To Convene Annual Meeting on March 8
* S&P Says Restructuring Boosts Credit Quality of Paper Firms


K O R E A

JINRO LIMITED: Asahi Breweries May Join Takeover Bid
SK NETWORKS: To Build Oil Plant in China


M A L A Y S I A

AMSTEEL CORPORATION: Extends Cut-off Date of Company Disposals
CEPATWAWASAN GROUP: Court Sets March 22 as Decision Date on Suit
CONSOLIDATED FARMS: Court Grants RO Extension for Restructuring
GENERAL SOIL: Issues Monthly Status Update
I-BERHAD: Discloses Notice of Shares Buy Back

KUALA LUMPUR KEPONG: Unveils February Production Figures
LION INDUSTRIES: Creditors To Meet March 30
NALURI BERHAD: Regularizes Level of Operations
OMEGA HOLDINGS: To Hold 15th AGM on March 31
PAN MALAYSIA: Buys Back 60,000 Shares

PANTAI HOLDINGS: Repurchases Additional 165,000 Shares
PILECON ENGINEERING: Warrants to be Suspended March 18
POS MALAYSIA: Granted Listing of Additional Shares
UNITED CHEMICAL: Sees No Change in Default Status
WCT ENGINEERING: Issues Warrants Expiry Update


P H I L I P P I N E S

COLLEGE ASSURANCE: Planholders Respond to Mayor's Call
MANILA ELECTRIC: To Continue Sourcing Power from Napocor
MANILA ELECTRIC: ERC Suspends Implementation of Directives
NATIONAL STEEL: New Owner Vows to Start Operations This Year
PHILIPPINE LONG: Pioneers Wireless Broadband Mobility Solution

UNIWIDE HOLDINGS: New Directors Issue Copies of SEC Form 23-A


S I N G A P O R E

ACCORD CUSTOMER: Inks Investment Agreement With Singapore Post
CAPRICORN HOLDINGS: Receiving Proofs 30 Days as of Notice Date
CHARTERED SEMICONDUCTOR: Offers USB Comprehensive Portfolio
CHINA AVIATION (S): Deutsche Bank Willing to Buy Debt
ELOGICITY INTERNATIONAL: Lays Out Meeting Agenda

EPIC INTERNATIONAL: Receiving Proofs of Debt Until March 21
KISMIS PROPERTIES: Dissolved on March 7
NOBLE INTERIORS: Creditors Proofs of Claims Due April 15
W&P MANAGEMENT: Gives Creditors Until April 5 to Submit Proofs


T H A I L A N D

CIRCUIT ELECTRONIC: To Be Listed Under Rehabco Sector
EMC: Snags THB323,000,000 Contract from Thirty Nine Tower
NEW PLUS: SET Transfers Securities to Rehabco Sector
THAI-DENMARK: To Trade Under Rehabco Sector

     -  -  -  -  -  -  -  -

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


ALLAMBIE DEVELOPMENTS: To Hold Final Meeting March 29
-----------------------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Law, the final Meeting of Members of Allambie
Developments Pty. Limited (In Liquidation) A.C.N. 001 161 057
will be held at the offices of Pears & Co, Chartered Accountants
of Suite 3, 24 Ross Street, North Parramatta on March 29, 2005
at 10:00 a.m., for the purpose of laying before the meeting the
liquidators' final account and report and giving any explanation
thereof.

Dated this 1st day of February 2005

Alan Douglas Charles Pears
Liquidator


AVERY HOMES: Names R. J. Porter as Liquidator
---------------------------------------------
Notice is hereby given that at a general meeting of members of
Avery Homes Pty Limited (In Liquidation) A.C.N. 057 051 493 held
on February 1, 2005, it was resolved that the Company be wound
up voluntarily and that for such purpose, Richard James Porter,
Chartered Accountant of Moore Stephens PMN, Chartered
Accountants, 460 Church Street, Parramatta NSW 2150 be appointed
liquidator.

Dated this 1st day of February 2005

R. J. Porter
Liquidator
c/- Moore Stephens PMN
460 Church Street, Parramatta NSW 2150


BANCHORY PARK: Members Agree to Wind Up Company
-----------------------------------------------
At a general meeting of the members of Banchory Park Land Co.
Pty. Ltd. A.C.N. 000 887 338 duly convened and held at Banchory
Park, Guyra on January 14, 2005, the special resolution set out
below was passed:

That the Company be wound up voluntarily.

Dated this 14th day of January 2005

Richard James Jackson
Joan Noreen Jackson
Linda Gay Nougher
James Phillip Jackson as trustee for
The Andrew Jackson Trust
Andrew Herbert Cameron Jackson as
trustee for The James Jackson Trust
Shareholders


CAMPBELL COULTON: Holds Final Meeting Today
-------------------------------------------
Notice is hereby given that a Final Meeting of Creditors and
Members of Campbell Coulton Williamson Pty Limited (In
Liquidation) A.C.N. 003 749 264 will be held at the office of
Nicholls & Co. Chartered Accountants, Suite 103, 1st Floor,
Wollundry Chambers, Johnston Street, Wagga Wagga, New South
Wales today, March 9, 2005 at 9:00 a.m. for the purpose of
receiving the Liquidator's account showing how the winding up
has been conducted and the property of the Company disposed of
and hearing any explanation which may be given by the
Liquidator.

Dated this 31st day of January 2005

C. M. Chamberlain
Liquidator
c/- Nicholls & Co
Chartered Accountants
PO Box 852, Wagga Wagga NSW 2650


CANBERRA FLAIR: Creditors' Proofs of Claim Due Today
----------------------------------------------------
A final preferential dividend is to be declared on Wednesday,
March 16, 2005 for Canberra Flair Pty Limited (In Liquidation)
A.C.N. 008 530 818.

Creditors whose preferential employee claims have not already
been admitted are required today, Wednesday, March 9, 2005 to
formally prove their claims. If they do not, they will be
excluded from the benefit of the preferential dividend.

Dated this 15th day of February 2005

W. B. Rangott
Liquidator
Unit 12, Level 3, Engineering House, 11 National
Circuit, Barton ACT 2600


CHEMEQ LIMITED: Clarifies Investment Research Report
----------------------------------------------------
Veterinary pharmaceutical Company Chemeq Limited provided
clarification of an investment research report which questioned
Chemeq's manufacturing facility's capacity to produce 40,000
liters of CHEMEQ polymeric antimicrobial per annum.

Chemeq's manufacturing facility has already demonstrated the
capability to produce between 60,000 and 100,000 liters of
finished product per annum.

Chemeq already has a contract to supply a South African customer
with CHEMEQ polymeric antimicrobial. This contract is valued at
approximately AU$1.55 million and was due for shipment in the
year ending June 30, 2005.

The South African buyer has indicated a willingness to accept
delivery later than agreed in the sale contract pending receipt
of Chemeq's unconditional Australian Pesticides and Veterinary
Medicines Authority (APVMA) license for its manufacturing
facility.

Chemeq's manufacturing facility is designed to manufacture
20,000 kg per annum of Active Pharmaceutical Ingredient (API).

API is the key ingredient in Chemeq's world-first drug designed
to replace the use of antibiotics in the treatment of intestinal
bacterial diseases in feedstock animals. Approximately 1
kilogram of API is formulated into 20 liters of finished
product, CHEMEQ polymeric antimicrobial.

Based on current output levels of between 15%-25% of plant
capacity, Chemeq is able to produce 60,000-100,000 liters of
finished product annually. Pending full APVMA license for the
facility, current production output is being placed in
inventory. After receipt of the full license the inventory will
be released to the market.

Plant capacity will increase to 400,000 liters of finished
product per annum once full plant capacity is reached.

Chemeq's plan for reaching full plant capacity has been
supported by a recent independent engineers report. The first
stage in this plan currently underway is designed to overcome
the previously disclosed filtration problem. Work is focusing on
analysis of alternative solutions including improving the
existing filtration technology and moving to other technologies.
Chemeq anticipates it will be in a position to provide a further
update on these developments in about a month.

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/


CLYTOW PTY: Faces Voluntary Winding Up Proceedings
--------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
Clytow Pty Limited (In Liquidation) A.C.N. 091 794 893 held on
January 27, 2005, it was resolved that the Company be wound up
voluntarily and that for such purpose Mr. Richard Saunders,
Chartered Accountant, of Irish & Saunders, Chartered
Accountants, 19 Richmond Avenue, Cremorne NSW 2090, to be
appointed liquidator.

Dated this 27th day of January 2005

Richard Saunders
Liquidator


DAVIDSON BENCHMARKING: To Declare Dividend May 3
------------------------------------------------
A First and Interim Dividend is to be declared on May 3, 2005
for Davidson Benchmarking Pty Ltd (Subject To Deed Of Company
Arrangement) Childs Davidson Benchmarking Pty Ltd A.C.N. 082 389
811.

Creditors whose debt or claims have not already been admitted
are required on or before April 15, 2005 to formally prove their
debts or claims. If they do not they will be excluded from the
benefit of the dividend.

Dated this 1st day of February 2005

A. H. J. Wily
Deed Administrator
Armstrong Wily
Chartered Accountants
Level 5, 75 Castlereagh Street,
Sydney NSW 2000


FAHEYCORP PTY: Members, Creditors to Meet March 31
--------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Faheycorp Pty Limited (In Liquidation) A.C.N. 000
999 708 will be held at Rodgers Reidy, Level 8, 333 George
Street, Sydney on Thursday, March 31, 2005 at 11:00 a.m.

The purpose of the meeting is:

(a) To receive an account from the Liquidator.
(b) A resolution to destroy the books & records of the Company.
(c) To consider any other business.

Daniel Civil
Joint Liquidator
Rodgers Reidy
Level 8, 333 George Street,
Sydney NSW 2000


FAMINCO MINING: Thalanga Not Hurt by Financial Woes
---------------------------------------------------
The collapse of mining services contractor Faminco Mining
Services Pty Ltd has not affected Thalanga Copper mine,
according to Northern Miner.

Faminco, which was placed under voluntary administration last
month with total debt of AU$7 million, took over the Thalanga
Copper Mine contract from Brandrill in August 2003.

But despite Faminco's downfall, Thalangga has managed to operate
as per usual. In fact, it is continuing to look at options of
mining further resources past the mine's life span of June.

CONTACT:

Faminco Mining Services Pty Ltd
Address:   20 Camuglia Street,
GARBUTT Qld 4814 Australia
Postal Address: PO Box 8192,
GARBUTT BC Qld 4814 Australia
Telephone:   +61 (7) 4774-6777
Facsimile:   +61 (7) 4774-4220
E-mail:   faminco@faminco.com.au
Web site: www.faminco.com.au


GOLDBOUND PTY: Creditors Must Submit Proofs of Debt by March 14
---------------------------------------------------------------
A final dividend is to be declared on March 15, 2005 in respect
of Goldbound Pty Limited (Subject To Deed Of Company
Arrangement) (The Company) A.C.N. 095 179 132.

Creditors whose debt or claims have not already been admitted
are required on or before March 14, 2005 to formally prove their
debts or claims. In default, they will be excluded from the
benefit of the dividend.

Dated this 15th day of February 2005

E. M. Senatore
Deed Administrator
Senatore Brennan Rashid DFK
Level 7, 28 University Avenue,
Canberra ACT 2601
Telephone: (02) 6214 6700
Facsimile: (02) 6214 6799


HAWKESBURY VALLEY: Convenes Final Members Meeting Today
-------------------------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Act 2001, the final meeting of members of
Hawkesbury Valley Motors Investments Pty Limited (In
Liquidation) A.C.N. 000 076 871 will be held at the offices of
Accountants of Auswild & Co., 1st Floor, 50 Montgomery Street,
Kogarah on March 9, 2005 at 2:00 in the forenoon for the purpose
of laying before the meeting the liquidators' final account and
report and giving any explanation thereof.

Dated this 1st day of February 2005

Vincent Choy
Liquidator
Accountants


HENRY WALKER: Unit Sale Saves 1,100 Jobs
----------------------------------------
Henry Walker Eltin Group Limited's sale of its contract
servicing and civil engineering unit has saved some 1,100 jobs,
Asia Pulse says.

The sale of Simon Engineering to construction firm Abigroup
Limited for an undisclosed amount is expected to save jobs and
secure employee entitlements, according to administrator Scott
Kershaw of McGrath Nicol and Partners.

Henry Walker bought Simon Engineering in April 2000 for AU$6.7
million (US$5.24 million), in a bid to expand the group's
capabilities. But the business was singled out by the
administrators last month as one of the group's underperforming
units.

Henry Walker was forced to appoint voluntary administrators at
the end of January after Glencore Finance AG declined to proceed
with a proposed AU$100 million recapitalization and the group
was unable to secure other long-term funding arrangements.

The administrators have tried to convince creditors that Henry
Walker has very solid core businesses and the outlook for them
was positive.

The administrators will hold a second meeting of Henry Walker
creditors in late May when they will outline the options going
forward.

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/


JAMES HARDIE: Asbestos Compo Report Nears Completion
----------------------------------------------------
The New South Wales Government is expected to complete this week
a critical report on the need to cut the costs of James Hardie
Industries' asbestos compensation, reports ABC News Online.

The implementation of the Government review will be the basis
for a multi-million dollar compensation deal with the embattled
asbestos products manufacturer.

Although James Hardie earlier inked an initial accord on an
AU$1.5-billion fund, it is yet to make a provision for meeting
that target. James Hardie said it wants the Government to carry
out its plan to cut legal costs for all parties.

Union and victim group representatives have proposed a protocol
for speedy resolution of claims and the use of dispute
resolution before any court hearing.

The Government has promised to maintain common law rights and
not cap payments to victims of asbestos.

CONTACT:

James Hardie Industries
Website: http://www.jameshardie.com.au/

Greg Baxter
Executive Vice President
Level 3, 22 Pitt Street
Sydney NSW 2000
Telephone: (02) 8274 5305
Fax: (02) 8274 5218
Mobile: 0419 461 368

Steve Ashe
Vice President Investor Relations
Telephone: (02) 8274 5246
Fax: (02) 8274 5218
Mobile: 0408 164 011

Julie Sheather
Vice President Public Affairs
Telephone: (02) 8274 5206
Fax: (02) 8274 5218
Mobile: 0409 514 643

All other enquiries to CustomerLink Service Centre on 13 1103.


KINARRA PTY: Members Meeting Set March 16
-----------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Act 2001, the final meeting of members of Kinarra
Pty. Limited (In Liquidation) A.C.N. 010 160 068 will be held at
the office of Thomas Davis & Co., Level 20, 68 Pitt Street,
Sydney on March 16, 2005 at 2:45 p.m. for the purpose of laying
before the meeting the Liquidator's final account and report and
giving any explanation thereof.

Dated this 2nd day of February 2005

Peter L. Whiteman
Liquidator
Thomas Davis & Co
68 Pitt Street, Sydney NSW 2000


KINDMONT PTY: To Declare Final Dividend March 25
------------------------------------------------
A second and final dividend is to be declared on March 25, 2005
for Kindmont Pty Limited (In Liquidation) formerly trading as
R.J. Puttock Meat Wholesalers A.C.N. 003 634 955.

Creditors of the above class whose debt or claims have not
already been admitted are required on or before March 10, 2005
to formally prove their debts or claims. If they do not, they
will be excluded from the benefit of the dividend.

Dated this 3rd day of February 2005

Schon G. Condon Rfd
Liquidator
c/- Jones Condon
Chartered Accountants
Telephone: (02) 9893 9499


MERRETT NOMINEES: Members Pass Winding Up Resolution
-----------------------------------------------------
At an Extraordinary General Meeting of Members of Merrett
Nominees Pty Ltd (In Liquidation) A.C.N. 001 274 933, duly
convened and held at Penthouse No 5 Bellagio, 40-42 Carlotta
Road, Double Bay, NSW on January 7, 2005 the following Special
Resolution was passed:

That the Company be wound up voluntarily and that Mr. Brett J.
Miller of Surry Partners Accountants be and is hereby appointed
Liquidator for the purpose of the winding up.

Dated this 21st day of January 2005

Brett Miller
Liquidator
Surry Partners
Accountants
Level 1, 483 Riley Street,
Surry Hills NSW 2010
Telephone: 9318 6400


PECKMAN & MELTON: Appoints Liquidator for Winding Up Purposes
-------------------------------------------------------------
Notice is hereby given that at a General Meeting of Peckman &
Melton Investments Pty Limited (In Liquidation) A.C.N. 000 485
736 held on January 17, 2005 it was resolved that the Company be
wound up voluntarily as a Members' Voluntary Winding up and that
for such a purpose, Steven Okeefe be appointed liquidator.

Dated this 17th day of January 2005

Steven Okeefe
Liquidator
7 Atchison Street, Wollongong NSW 2500


PERICA PTY: Members Decide to Wind Up Company
---------------------------------------------
Notice is hereby given that an extraordinary general meeting of
Perica Pty Limited (In Liquidation) A.C.N. 001 486 880, held on
February 1, 2005, the following Special Resolution was passed:

That the Company be wound up voluntarily.

Con Garufi of Suite 1, 1st Floor 220 Northumberland Street
Liverpool New South Wales was appointed Liquidator.

Dated this 2nd day of February 2005


PORTLAND TIMBER: Names Con Garufi as Liquidator
-----------------------------------------------
Notice is hereby given that an extraordinary general meeting of
Portland Timber Co. Pty Ltd (In Liquidation) A.C.N. 000 037 945,
held on February 1, 2005, the following Special Resolution was
passed:

That the Company be wound up voluntarily.

Con Garufi of Suite 1, 1st Floor 220 Northumberland Street
Liverpool New South Wales was appointed Liquidator.

Dated this 2nd day of February 2005


QANTAS AIRWAYS: Unveils January Traffic Figures
-----------------------------------------------
Qantas Airways Limited has released its January traffic report,
reveals Egoli News.

The carrier saw its Total Domestic traffic, measured in Revenue
Passenger Kilometres (RPKs) increase by 6.8 percent in January
2005. The airline's capacity, measured in Available Seat
Kilometres (ASKs), climbed by 9.2 percent.

This resulted in revenue seat factor of 77.8 percent, 1.7
percentage points lower than for January 2004.

Total International (Qantas and Australian Airlines) RPKs
increased by 4.4 percent in January 2005, while ASKs increased
by 8.5 percent over the same period. The resulting revenue seat
factor of 80.3 percent was 3.2 percentage points lower than the
previous year.

The January Group (comprising Qantas Domestic, QantasLink,
Jetstar, Qantas International and Australian Airlines) passenger
numbers increased by 7.5 percent over the previous year.

RPKs increased by 5.1 percent, while ASKs were up 8.7 percent,
resulting in a revenue seat factor of 79.5 percent, which was
2.8 percentage points lower than the previous year.

Financial Year to Date January 2005 Total Domestic revenue seat
factor for the financial year to January 2005 decreased by 1.3
percentage points to 79.3 percent when compared with year to
date January 2004, while total Domestic yield excluding exchange
decreased by 4.9 percent over the same period.

Total International yield, excluding exchange for the financial
year to January, increased by 4.0 percent, when compared with
the same period last year.

Total International revenue seat factor decreased by 4.1
percentage points to 75.8 percent over the same period.

Group passenger numbers for the year to January 2005 increased
by 9.2 percent from the previous year. RPKs increased by 8.1
percent, while ASKs increased by 12.6 percent, resulting in a
revenue seat factor of 76.9 percent, 3.2 percentage points lower
than the previous year.

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


QUALITY SOCIETY: To Undergo Voluntary Liquidation
-------------------------------------------------
Notice is hereby given that at a general meeting of members of
Quality Society Of Australasia Limited (In Liquidation) A.C.N.
003 819 136, held on January 18, 2005 it was resolved that the
Company be wound up voluntarily and that Kenneth Michael
Whittingham of BDO Chartered Accountants & Advisers, 2 Market
Street, Sydney be appointed liquidator.

Dated this 31st day of January 2005

Kenneth M. Whittingham
Liquidator
BDO
Chartered Accountants & Advisers
Level 19, 2 Market Street, Sydney NSW 2000


SANTOS LIMITED: Posts Notice of Director's Interest
---------------------------------------------------
John Charles Ellice-Flint has entered into a financing
arrangement with Macquarie Bank Limited to fund the exercise of
2,000,000 options (each over one fully paid ordinary share in
Santos Limited) granted pursuant to the Santos Executive Share
Option Plan (SESOP).

The transaction includes the purchase of a put option which
provides security for the financing amount of AU$11,660,000. The
put option has the effect of protecting the value of the shares
at a nominated level below the current share price. The put
option is only exercisable on the maturity date of the
transaction in March 2006.

CONTACT:

Santos Limited
Ground Floor, Santos
House, 91 King William Street,
Adelaide, S.A. 5000
Web site: http://www.santos.com.au/


UNIVERSAL HOLDINGS: To Hear Liquidator's Account on Winding Up
--------------------------------------------------------------
Notice is hereby given that a final meeting of members of
Universal Holdings Pty Ltd (In Voluntary Liquidation) A.C.N. 000
044 995 will be held at the offices of Chapman Wyatt &
Associates, 1st Floor, 2A Hillview Road, Eastwood NSW 2122 on
Friday, April 29, 2005 at 12:00 noon.

The purpose of the meeting is to present an account showing how
the winding up of the Company has been conducted and how the
property of the Company has been disposed of.

Any necessary explanations will be given.

Dated this 28th day of January 2005

David M. Wyatt
Liquidator
Chapman Wyatt & Associates
1st Floor, 2A Hillview Road,
Eastwood NSW 2122
Telephone: 02 9858 4399
Facsimile: 02 9804 6726


VINCENT HOLDINGS: Final Meeting Slated for March 14
---------------------------------------------------
Notice is hereby given that pursuant to section 509 of the
Corporations Act 2001 the final meeting of the members of
Vincent Holdings Pty Limited (In Liquidation) A.C.N. 000 239 547
will be held at Millar Partners, 29-31 Croydon Street, Cronulla
NSW, on Monday, March 14, 2005 at 10:00 a.m.

BUSINESS

(1) To receive the liquidator's accounts, and the liquidator's
final report on the conduct of the liquidation and his acts and
dealings in connection therewith.

(2) To determine the manner in which the books, accounts and
documents of the Company and of the liquidator shall be disposed
of.

Dated this 28th day of January 2005

Vince James Collins
Liquidator
29-31 Croydon Street, Cronulla NSW 2230


WHITEHOUSE AUSTRALIA: To Wind Up Voluntarily
--------------------------------------------
Notice is hereby given that at a general meeting of members of
Whitehouse Australia Pty Limited (In Liquidation) A.C.N. 086 663
854, held on January 21, 2005, it was resolved that the Company
be wound up voluntarily and that Schon Condon and Bruce Gleeson,
of Jones Condon Chartered Accountants, Level 1 34 Charles Street
Parramatta NSW, be appointed Joint Liquidators for the purposes
of such winding up.

Dated this 31st day of January 2005

Schon G. Condon Rfd
Liquidator
c/- Jones Condon
Chartered Accountants
Telephone: (02) 9893 9499


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

CHINA BIOPHARMACEUTICAL: Court Commences Winding Up Hearing
-----------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
China Biopharmaceutical (Holdings) Company Limited by the High
Court of Hong Kong Special Administrative Region was on January
31, 2005 presented to the said Court by Bank of China (Hong
Kong) Limited whose registered office is situated at 14th Floor,
Bank of China Tower, 1 Garden Road, Hong Kong.

The said Petition is to be heard before the Court at 9:30 am on
April 6, 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.

Anthony Chiang & Partners
Solicitors for the Petitioner
3903 Tower 2, Lippo Centre
89 Queensway
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 abovenamed, 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
abovenamed not later than six o'clock in the afternoon of April
4, 2005.


CHINA GAS: Requests Trading Suspension
--------------------------------------
At the request of China Gas Holdings Limited (00384) advised the
Hong Kong Stock Exchange that trading in its shares will be
suspended effective 9:30 a.m. of March 8, 2005 pending the
release of an announcement in relation to a price sensitive
information of the Company.


GOLDEN HARVEST: Unit Enters Into PPB Acquisition Agreement
----------------------------------------------------------
The Directors announced to the Hong Kong Stock Exchange that on
March 3, 2005, Golden Harvest Cinemas, a wholly owned subsidiary
of Golden Harvest Entertainment (Holdings) Limited, and PPB
entered into the PPB Acquisition Agreement pursuant to which
Golden Harvest Cinemas agreed to acquire from PPB the PPB Sale
Shares (representing approximately 33.33% of the issued share
capital of GEMS) and a related shareholder 's loan.  The
consideration for the PPB Acquisition is RM4,289,424.31
(approximately HK$8,804,043.40).

On March 3, 2005, Golden Harvest Cinemas also entered into the
Tanjong Acquisition Agreement with Tanjong pursuant to which
Golden Harvest Cinemas agreed to acquire from Tanjong the
Tanjong Sale Shares (representing approximately 33.33% of the
issued share capital of GEMS) and a related shareholder 's loan.
The consideration for the Tanjong Acquisition is also
RM4,289,424.31 (approximately HK$8,804,043.40).

The consideration for each of the PPB Acquisition and the
Tanjong Acquisition was determined after arm's length
negotiations between the parties. The Directors consider that
the terms of the Acquisitions are fair and reasonable so far as
the shareholders of the Company are concerned.

The Acquisitions together constitute a discloseable transaction
for the Company under the Listing Rules. A circular containing,
among other things, further details of the Acquisitions will be
despatched to the shareholders of the Company as soon as
practicable.

To view a full copy of the announcement, click
http://bankrupt.com/misc/GOLDENHARVEST030805.pdf

CONTACT:

Golden Harvest Entertainment (Holdings) Limited
18 Middle Road
16th Floor, The Peninsula Office Tower
Tsimshatsui, Kowloon
HONG KONG
Web site: http://www.goldenharvest.com/


HAI SAN: Winding Up Hearing Set March 30
----------------------------------------
Notice is hereby given that a petition for winding up of Hai San
Cargo Transport Company Limited by the High Court of Hong Kong
was, on January 26, 2005, presented to the said Court by Chan
Pui Yu of Room 1912, Block 5, Po Tin Estate, Tuen Mun, New
Territories.

The said petition is to be heard before the Court at 9:30 a.m.
on March 30, 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.

And a copy 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
34/F, Hopewell Centre,
183 Queen's Road East,
Wanchai, Hong Kong

Note:

Any person who intends to appear at the hearing of the said
petition must serve on or send by post to the abovenamed, notice
in writing of his intention to do so.

The notice must state the name and address of the person, or if
a frim, the name and address of the firm, and must be signed by
the person of firm or his or their solicitior (if any), and must
be serfed, or if posted, must be sent by post in sufficient time
to reach the abovenamed not later than 6:00 in the afternoon of
March 29, 2005.


KING TAT: Creditors to Submit Proofs of Claims by April 20
----------------------------------------------------------
Notice is hereby given that the creditors of King Tat Lee
(Group) Limited (In Creditors' Voluntary Liquidation), which is
in Creditors' Voluntary Liquidation, are required (if they have
not already done so), on or before 5:00 p.m. on April 20, 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, Mr. Leung Shi Ho and Mr. Choy Wing Keung,
David, both of Room 2201, Tung Wai Commercial Building, 111
Gloucester Road, 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.

In default thereof, they will be deemed to have waived all or
any of such debts or claims and the Liquidators shall be
entitled seven days after the above date to distribute the funds
available or any part thereof.

Dated this 25th day of February 2005

Leung Shi Ho
Joint and Several Liquidator


NEW WORLD: EGM Slated for March 21
----------------------------------
Notice is hereby given that an extraordinary general meeting of
New World China Land Limited will be held at Concord Room 1, 8th
Floor, Renaissance Harbour View Hotel, 1 Harbour Road, Hong Kong
on Monday, March 21, 2005 at 10:00 a.m. for the purposes of
considering and, if thought fit, passing the following
resolutions numbered 1 to 4 which will be proposed as ordinary
resolutions of the Company:

ORDINARY RESOLUTIONS

(1) "That, conditional upon the Listing Committee of The Stock
Exchange of Hong Kong Limited approving the listing of, and
granting the permission to deal in, shares of HK$0.10 each in
the issued share capital of the Company in their nil-paid and
fully-paid forms to be allotted to the shareholders of the
Company by way of rights as announced on February 18, 2005 and
as more particularly described in a circular dated March 4, 2005
to the shareholders of the Company of which the notice convening
this meeting at which this resolution is proposed forms part:

(a) the issue by way of rights of not less than 2,253,426,138
shares of HK$0.10 each in the share capital of the Company to
holders of the shares of the Company whose names appear on the
register of members of the Company on Monday, March 21, 2005 in
proportion of three Rights Shares for every existing two shares
of the Company then held at the subscription price of HK$2.80
per Rights Share and otherwise on the terms and conditions set
out in the underwriting agreement dated February 18, 2005
entered into by the Company in relation to the Rights Issue, a
copy of the Circular marked A and a copy of the Underwriting
Agreement marked B have been produced to the meeting and signed
by the Chairman of the meeting for the purpose of
identification, be and is hereby approved;

(b) the directors of the Company be and are hereby authorized to
allot and issue the Rights Shares pursuant to or in connection
with the Rights Issue provided that in the case of shareholders
of the Company whose addresses as shown on the register of
members of the Company at the close of business on the Record
Date are in any jurisdictions outside Hong Kong, and to whom the
directors of the Company consider it necessary or expedient not
to offer the Rights Shares on account of the legal advices given
by the legal counsels of such jurisdictions, the Rights Shares
shall not be issued to the Excluded Shareholders but shall be
aggregated and issued to a nominee to be named by the Company
and such Rights Shares shall be sold in the market as soon as
practicable after dealings in Rights Shares in the nil-paid form
commence and the proceeds of such sale (after deduction of
expenses) of HK$100 or more will be paid to the Excluded
Shareholders pro-rata to their respective shareholdings and the
Company shall retain any individual amount of less than HK$100;
and;

(c) The directors of the Company be and are hereby authorized to
make such other exclusions or other arrangements in relation to
the Excluded Shareholders as they may deem necessary or
expedient and generally to do such things or make such
arrangement as they may think fit to effect the Rights Issue"

To view a full copy of the notice, click
http://bankrupt.com/misc/NEWWORLDCHINA030705.pdf


PYPUN-PADAIR ENVIRONMENTAL: Faces Winding Up Proceedings
--------------------------------------------------------
A winding up order was presented to Pypun-Padair Environmental
Technology Company Limited of 7/F, 100 Texaco Rd, Tsuen Wan, NT
on February 16, 2005 by the High Court of the Hong Kong Special
Administrative Region Court Of First Instance.

The winding up petition was presented December 13, 2004.

Dated this 25th day of February 2005

E T O'Connell
Official Receiver


QIOMOS GROUP: Court to Hear Winding Up Petition April 6
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Qiomos Group Limited by the High Court of Hong Kong Special
Administrative Region was on January 31, 2005 present to the
said Court by Bank of China (Hong Kong) Limited whose registered
office is situated at 14th Floor, Bank of China Tower, 1 Garden
Road, Hong Kong.

The said Petition is directed to be heard before the Court at
9:30 am on April 6, 2005 and 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.

Anthony Chiang & Partners
Solicitors for the Petitioner
3903 Tower 2, Lippo Centre
89 Queensway
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 abovenamed, 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
abovenamed not later than six o'clock in the afternoon of April
4, 2005.


RIGHT JET: Court Issues Winding Up Order
----------------------------------------
The High Court of the Hong Kong Special Administrative Region
Court Of First Instance on presented a winding up order to Right
Jet Development Limited Room 205-207, Global Trade Centre, 15a
Wing Kin Road, Kwai Chung, KLN on February 16, 2005.

The winding up petition was presented December 11, 2004.

Dated this 25th day of February 2005

E T O'Connell
Official Receiver


WISE FORTUNE: Winding Up Hearing Fixed March 16
-----------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Wise Fortune Corporation Limited by the High Court of Hong Kong
was on January 10, 2005 presented to the said Court by Ho Chiu
Sheung of 8/F., Rear Portion, Pak Cheung Building, 63A, Shantung
Street, Mongkok, Kowloon, Hong Kong.

The said petition is to be heard before the Court at 9:30 a.m.
March 16, 2005 and 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 abovenamed, 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
abovenamed not later than six o'clock in the afternoon of the
15th day of March 2005.


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


BANK MANDIRI: Owned 30% Stake in Great River
--------------------------------------------
Bank Mandiri formally held 30 percent of troubled PT Great River
International, Asia Pulse reports.

Bank president E.C.W. Neloe said that the Company's founders,
the Sunjoto family, handed over the stake to Bank Mandiri,
making it the Company's only majority shareholder. The bank had
earlier held the stake as collateral when Great River signed for
a loan worth IDR300 billion in 2004.

The Sunjoto family had a prior 51 % majority share in the
Company, before encountering cash flow problems.

Mr. Neloe has denied any allegations regarding the bank's high
number of non-performing loans.

CONTACT:

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


PERTAMINA: Commissioners Removed from Investigation
---------------------------------------------------
Two members of the board of commissioners of Pertamina were
asked not to participate in the investigation of the Company's
alleged collusion in the sale of two oil tankers, the Jakarta
Post reports.

State Minister of State Enterprises Sugiharto asked Roes
Ariawijaya and Iin Arifin Takhyan to abstain from voting in the
decision-making process by the board of commissioners on the
collusion case, to ensure a fair and objective investigation of
the case.

The Business Competition Supervisory Commission (KPPU) found
Pertamina guilty of colluding with its business partners in the
sale of two Very Large Crude Carriers (VLCCs) last year, which
caused the state to lose USD50 million. The government asked the
Company's board of commissioners to investigate the case.

According to Mr. Sugiharto, the government will continue its
investigation, but would wait for Company shareholders to meet
and review the board of directors' performance before deciding
whether or not to replace any director. Mr. Sugiharto also said
that there were no political motives for the tanker sale case.

Pertamina's former president director Ariffi Nawawi defended
that the decision to sell the tankers was a business decision,
based on the highest bids and most credible buyer.

Current Company President Widya Purnama said he was unaware of
the finance director's suspension until he read it in
newspapers, but said that the Company would appoint one of the
other directors or himself to take over as finance director.

CONTACT:

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


TOTAL E&P: Court Dismisses Contractors' Claims
----------------------------------------------
A Jakarta court dismissed a bankruptcy petition case against
Total E&P Indonesie on March 8, reports Reuters News.

Contractor firms PT Sanggar Kaltim Jaya and PT Istana Karang
Laut filed the lawsuit against French giant Total S.A.'s
Indonesian unit in January, for failing to pay IDR66.34 billion
for construction of a gas processing plant in Tunu Field, East
Kalimantan.

Mr. Agus Subroto, head of the central Jakarta commercial court
panel, handed down the decision, which would be appealed by the
contractors in the Supreme Court.

According to Total lawyer Todung Mulya Lubis, the Company
welcomed the court's decision, which would improve the country's
investment climate.

CONTACT:

Total E&P Indonesie
Plaza Kuningan Manara Utara
JL. H.R Rasuna Said Kav C.11-14
P.O Box 1010
12940 Jakarta, Indonesia
Phone: + 62 21 523 1999
Fax:   + 62 21 523 1888


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

DAIEI INCORPORATED: Marubeni-led Group Inks Rehab Deal
------------------------------------------------------
A consortium led by trading house Marubeni Corporation was
officially made the rehabilitation sponsor of ailing Daiei
Incorporated, according to The Japan Times.

After having been selected the winning bidder last week, the
Marubeni-led Group on Monday signed a contract with the
Industrial Revitalization Corporation of Japan (IRCJ) and Daiei
to support the retail giant's revival.

The consortium, which will invest about JPY62 billion, said it
will get 34.3 percent of the retailer's voting-rights shares,
with another one-third held by the IRCJ and the remainder by
ordinary shareholders.

Meanwhile, Daiei's new board will include Daiei board member
Yoshiaki Takahashi and Daiei project manager Keiji Nakamae, both
of whom are main members of Daiei's internal revitalization
panel set up in January. IRCJ managing directors Shoichiro
Onishi and Masahiro Matsuoka, both 41, will also take posts on
the new board.

The Marubeni-led consortium has recommended Fumiko Hayashi,
former president of BMW Tokyo Corp., to become president, while
the IRCJ wants someone with expertise in finance and
organizational management.

The top post is expected to be filled at the general
shareholders' meeting in May after the IRCJ and the Marubeni-led
group settle the matter.

CONTACT:

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


FUJITSU LIMITED: Partners with IDS Scheer
-----------------------------------------
Fujitsu Limited (TSE: 6702) and IDS Scheer announced that they
have entered into a partnership to offer a next-generation
business process management solution.

Under this collaboration, both companies will carry out sales
and marketing activities based on an integrated offering of
Fujitsu's Interstage Business Process Manager and IDS Scheer's
ARIS Toolset(TM) for business process design and ARIS Process
Performance Manager(TM)(ARIS PPM) for business process
monitoring and analytics. The integrated solution will be
showcased during CeBIT 2005, March 10-16, in Hannover, Germany
at the Fujitsu exhibit (Hall 1, Stand 7f1) and the IDS Scheer
exhibit (Hall 4, Stand E48).

By integrating the Interstage Business Process Manager product
with the ARIS Toolset and ARIS PPM products, Fujitsu and IDS
Scheer will offer a powerful business process management suite
covering business processes from the design, through
instantiation up to process execution, simulation, analytics and
optimization. Customers will benefit from the integration by
getting full support for the whole life cycle of processes in an
enterprise.

Business processes will be designed with ARIS Toolset and then
exported to Interstage Business Process Manager for process
execution purposes. With ARIS PPM, the implemented processes can
be visualized and analyzed for process reorganization purposes.
This continuous business process management secures
international competitive advantages and ensures an optimum ROI
on the IT investments of customers.

"We are very excited about combining the complementary
technologies of IDS Scheer and Fujitsu," said Dr. Wolfram Jost,
member of the executive board and head of the product division
of IDS Scheer AG. "This joint solution, featuring our best-of-
breed products, will deliver high value life cycle support for
the market."

"This alliance demonstrates our commitment to ongoing innovation
and development," said Hiroshi Amano, general manager of
Middleware Solution Division, Software Unit, Fujitsu Limited.
"The offering between Fujitsu and IDS Scheer will enable us to
meet our customer needs by delivering round-trip engineering
practices in a next generation business process management
solution."

"By unifying business process design collaboration and
production deployment through 2007, BPM Suite (BPMS) technology
will become the predominant technology for early service-
oriented architecture (SOA) Web service design and business
adaptability pilots. Through 2010, leading organizations will
achieve new levels of efficiency/productivity and competitive
business capabilities by pursuing a deeper, integrated process
approach, both within and beyond their own enterprise, and by
creating "killer" adaptive processes," said META analyst Janelle
Hill, VP & Research Lead, Business Process Management
Integration & Development Strategies Service.

Fujitsu's Interstage Business Process Manager

Interstage Business Process Manager is part of the Fujitsu
Interstage Suite - a broad family of modular, flexible, real-
time software products that gives companies the capability to
build flexible and scalable solutions. The Fujitsu Interstage
Suite is implemented in more than 8,000 companies and more than
175,000 installations worldwide. Interstage Business Process
Manager is a full-featured, comprehensive business process
management product designed to improve the productivity and
profitability of businesses by providing companies with the
ability to create, control, change and measure processes and
related activities with flexibility and ease. In addition
process rules and logic can be modified, coordinated and
controlled.

IDS Scheer's ARIS Process Platform

With the product family ARIS Process Platform, IDS Scheer
provides integrated tools for designing, implementing and
controlling business processes. The ARIS products can be used
during the entire lifecycle of business process management that
companies need as they pursue their policy of continuous
improvement.

The market-leading ARIS Toolset and its add-on components enable
the enterprise-wide and global definition and design of business
processes as well as their analysis and optimization. In the era
of e-business ARIS Toolset allows to make quick decisions about
the management of e-business processes. The ARIS Toolset
provides realistic simulations of resource utilization,
activity-based cost calculations (e.g. for make-or-buy
decisions), as well as web-based communication of modeled and
optimized Company processes.

For corporate performance management, ARIS Process Performance
Manager allows to make confident, near-real time decisions
regarding counter-measures with intuitive management cockpits.
The cockpits display the performance of the core business
processes, coupled with an early warning system that monitors
all on-going operations to alert in the event of plan
deviations. Return On Investment (ROI) from the IT investment
will grow in a sustained manner as a process warehouse forms the
knowledge base for all executed business processes achieving
continuous optimization.

About IDS Scheer AG

IDS Scheer (SaarbrüEken) develops corporate solutions for
business process management. With its ARIS product family, the
Company offers its customers an integrated and complete tool
portfolio for design, implementation and controlling of business
processes. IDS Scheer's consultants support businesses in
creating a process organization and implementing modern
application concepts such as Supply Chain Management, Customer
Relationship Management and Enterprise Application Integration.
Application Management including Outsourcing with own data
processing service centres also belongs to the Company's
portfolio. As a part of the ARIS Process Platform, ARIS Toolset
is the number one selling process modeling tool in the world. A
strategic co-operation with SAP makes the ARIS tools and methods
standards for the NetWeaver platform. ARIS SmartPath represents
a tool that will make rapid SAP introduction a reality for SME
as well. IDS Scheer was founded in 1984 by Prof. August-Wilhelm
Scheer and now serves about 4,000 customers in over 50 countries
through a network of its own branch offices and partners. In
2003, the Company earned revenues of over 221 million Euro.
About 2000 people are working for IDS Scheer worldwide. In
Germany, IDS Scheer is among the top 10 IT service providers. In
Central and Eastern Europe, it is recognized as a market leader.
IDS Scheer is listed in the TecDAX on the Frankfurt Stock
Exchange, and is thus ranked among the 110 leading companies
traded on the stock exchange, also known as the DAX110. For more
information, visit www.ids-scheer.com.

About Fujitsu Limited

Fujitsu is a leading provider of customer-focused IT and
communications solutions for the global marketplace. Pace-
setting technologies, highly reliable computing and
communications platforms, and a worldwide corps of systems and
services experts uniquely position Fujitsu to deliver
comprehensive solutions that open up infinite possibilities for
its customers' success. Headquartered in Tokyo, Fujitsu Limited
(TSE:6702) reported consolidated revenues of JPY4.7 trillion
(US$45 billion) for the fiscal year ended March 31, 2004.

CONTACT:

Fujitsu Limited
1-1, Kami-kodanaka 4-Chome
Marunouchi Center Building
Nakahara-ku, Kawasaki-City 211-0053,
Kanagawa 100-8211
Japan
Phone: +81 44 777 1111
Fax: +81 3 32169365
Web site: http://www.fujitsu.com/


MITSUBISHI MOTORS: U.S. Unit Ties Up with SIRIUS Satellite Radio
----------------------------------------------------------------
Mitsubishi Motors North America on Monday announced an exclusive
agreement with SIRIUS Satellite Radio to offer satellite radio
as a factory-installed option in various Mitsubishi models.

The first SIRIUS factory-installed option will appear in the
2006 Mitsubishi Raider. The midsize truck, which was recently
unveiled at the North American International Auto Show in
Detroit, will be available in dealer showrooms in the fall of
2005.

"Mitsubishi Motors is pleased to offer premium satellite radio
programming from SIRIUS first on the all-new Raider, one of our
flagship vehicles," said David Schembri, Executive Vice
President of Sales and Marketing.

"As part of our dedication to developing vehicles that are fun
to drive, we are committed to making this unparalleled
entertainment experience available across the Mitsubishi product
line."

SIRIUS will come standard with the Mitsubishi Motors' Premium
Audio System package. All 2006 and 2007 model year SIRIUS-
equipped vehicles will include a six-month, pre-paid
subscription service and free activation.

Mitsubishi drivers will be able to enjoy more than 120 channels
of digital-quality programming including 65 channels of
commercial-free music, plus more than 55 channels of news,
weather, traffic, information, comedy entertainment and sports,
such as the entire NFL live "play-by-play" game lineup; NBA
games and college sports from the top schools in the country.

"Mitsubishi buyers can look forward to the exciting opportunity
of outfitting their vehicles with the best in satellite radio
programming from SIRIUS," said Doug Wilsterman, Senior Vice
President and General Manager OEM Division for SIRIUS. "SIRIUS
will make the Mitsubishi driving experience all that more
pleasurable."

Following the 2006 Raider, Mitsubishi Motors plans to offer
SIRIUS as a factory installed option in three additional models
for the 2007 model year.

CONTACT:

Mitsubishi Motors North America, Inc.
6400 Katella Ave.
Cypress, CA 90630-0064 (Map)
Phone: 714-372-6000
Fax: 714-373-1020
Web site: http://www.mitsucars.com


SOJITZ HOLDINGS: S&P Raises Rating to BB-, Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
corporate credit ratings on Sojitz Corp., a subsidiary of Sojitz
Holdings Corporation, to 'BB-' from 'B+'. The outlook on the
rating on Sojitz is stable.

"The rating action reflects the gradually improving financial
profiles of the Japanese GTCs, with evidence of an upswing in
operating profit supported by their progress in restructuring
unprofitable businesses, and sound performance in their trading
of energy and metal businesses," said Ryoji Yoshizawa, a credit
analyst at Standard & Poor's.

"In addition, the GTCs have successfully implemented risk
management measures on their investment and lending activities,
thereby improving the balance between capital and risks," Mr.
Yoshizawa added.

In the medium- to long-term, Standard & Poor's expects the GTCs
to continue to pursue strategies to enhance their core
profitability, after deducting credit costs and devaluation
losses from securities holdings and fixed assets.

Nevertheless, pressure on the GTCs' profitability and capital
remain. Challenges for the companies include the long-term slide
in domestic land prices, and their high level of unfunded
pension liabilities, which may require them to make provisions
or cover the cost of devaluations in the future.

Given the GTCs' large debt compared with their capital and
vulnerability to external conditions, further improvement in
their credit quality will depend on an improvement in the
balance between investment and loan risks and capital. Important
factors will be their ability to constrain credit costs and
raise capital levels sufficient to absorb potential losses,
while enhancing the profitability of their core businesses.

Sojitz Corp. implemented debt restructuring in 2004, including
loan waivers from key creditor banks. Through the restructuring,
the Company's asset quality and net debt-to-equity ratio
improved significantly. Asset quality and profitability are
expected to continue to improve. However, its quality of
capitalization is still weak, consisting largely of preferred
stock. In addition, Sojitz faces the task of rebuilding its
eroded customer base and business profile, which is currently
weak compared with its peers in areas such as energy and metal.

Rating on the long-term senior debt issued by Sojitz has been
rated one and two notches higher than their respective long-term
issuer rating, reflecting the assumption that bondholders would
not incur losses from any default since their creditor banks
would offer debt forgiveness.

Standard & Poor's maintains the notching degree from the issuer
credit ratings, and therefore the rating on the Company's long-
term senior debt was raised to 'BB+'.

CONTACT:

Sojitz Holdings Corporation
1-20 Akasaka 6-chome, Minato-ku
Tokyo, 107-8655, Japan
Phone: +81-3-5446-3600
Fax: +81-3-5446-1542
Web site: http://www.sojitz-holdings.com


UFJ HOLDINGS: Sumitomo Seeks US$955-Mln in Damages
--------------------------------------------------
Sumitomo Trust & Banking Corporation will ask UFJ Holdings
Incorporated to pay JPY100 billion (US$954.6 million) in damages
over the cancelled sale of UFJ's trust bank, Reuters reports.

Sumitomo Trust has lodged a damages suit naming UFJ Holdings and
its core trust and commercial banking units as defendants. The
plaintiff requested JPY100 billion in compensation from the
three UFJ firms for their failure to honor the basic agreement.

In May last year, UFJ agreed to sell its trust unit to Sumitomo
Trust, but abruptly withdrew the deal when it decided to accept
a full takeover by Mitsubishi Tokyo Financial Group (MTFG).

Sumitomo Trust has already asked a court to stop UFJ from
including the trust subsidiary in its merger with MTFG.

A decision has not yet been reached in that case, and a Sumitomo
Trust spokesman said the bank would continue to seek the
injunction while at the same time demanding compensation from
UFJ.

CONTACT:

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


WHK FASHIONS: To Convene Annual Meeting on March 8
--------------------------------------------------
Notice is hereby given that pursuant to Section 247 of the
Companies Ordinance (Chapter 32), that the annual meeting of the
members and creditors of WHK (Japan) Fashions Limited (In
Creditors' Voluntary Liquidation) will be held on 8th March,
2005 at the following times and places:

WHK (Japan) Fashions Limited (In Liquidation)

                            Time                Place

Annual Meeting of Members   10:00 a.m.  5th Floor, Ho Lee
                                        Commercial Building 38
                                        44 D'Aguilar Street,
                                        Central, Hong Kong

Annual Meeting of Creditors  10:30 a.m.  5th Floor, Ho Lee
                                         Commercial Building 38
                                         44 D'Aguilar Street,
                                         Central, Hong Kong

A member or creditor entitled to attend the meeting may appoint
proxy to attend. A proxy need not be a member or creditor of the
Company. Forms of proxies for both meetings must be lodged at
the offices of Messrs. Kennic L.H. Lui & Co., 5th Floor, Ho Lee
Commercial Building, 38-44 D'Aguilar Street, Central, Hong Kong
no later than 4:00 p.m. on the day before the meetings.

Dated this 25th day of February 2005

Lauren Wu Lau
Joint and Several Liquidator


* S&P Says Restructuring Boosts Credit Quality of Paper Firms
-------------------------------------------------------------
Major Japanese paper companies have strengthened their financial
positions through restructuring and industry consolidation,
according to a report released today by Standard & Poor's
Ratings Services.

The report follows the March 2, 2005 upgrades on Oji Paper Co.
Ltd. (BBB-/Stable/--) and Nippon Paper Group Inc. (BB+/Stable/--
) along with its major subsidiary Nippon Paper Industries Co.
Ltd. (BB+/Stable/--).

Japanese paper producers primarily serve the domestic market,
which is large enough to absorb all of their output. The
companies are able to satisfy specific requests from domestic
customers through strong product quality, stable supply, and
flexible delivery systems. And since the domestic distribution
network is very complicated, it is not easy for foreign
competitors to enter the Japanese market.

Furthermore, industry consolidation since the 1990s has led to
an oligopoly situation, which has eased the competitive
environment. As a result of the industry's efforts to reduce
capital expenditure and excess capacity, production efficiency
has improved while prices have stabilized.

"The major Japanese paper companies have stable profitability,
as they have a wide product mix, and they serve a diverse
customer base," said Standard & Poor's credit analyst Eiro
Taniguchi.

"At the same time, given that the domestic paper and paperboard
markets are mature, producers have started to enter the Chinese
market, which has significant growth potential," Mr. Taniguchi
added.

Although both Oji Paper and Nippon Paper Group have already
started to establish production facilities in China, the risk is
limited as they maintain a cautious investment strategy there.
Leading foreign paper manufacturers have started expanding their
production capabilities in China, which could increase the
chances of a glut there that could spill over into the Japanese
market.

Economies of scale are advantageous in the paper industry, so
further integration is likely among the second-tier companies.
As merged companies reduce their capital expenditure and excess
capacity, overall production becomes more efficient, leading to
more stable prices in the industry.

Both Oji Paper and Nippon Paper Group have stated that debt
reduction is a priority, and they are expected to continue to
improve their financial profiles. Although the full impact from
expanded production in China remains unclear, the credit
qualities of Oji Paper and Nippon Paper Group are expected to
remain stable.


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


JINRO LIMITED: Asahi Breweries May Join Takeover Bid
----------------------------------------------------
Tokyo-based Asahi Breweries Ltd. is interested in bidding for
South Korean Jinro Co. Ltd., and may borrow to finance the
acquisition, Bloomberg News reports.

According to Asahi chairman Shigeo Fukuchi, the Company may
spend up to JPY100 billion and can borrow money for the
acquisition, adding that they are interested in Jinro for the
strong brand recognition.

In a statement, Jinro said that it received 14 bids from
companies yet to be identified, and the deadline for bidding is
March 30. The Company owes KRW2.8 trillion to creditors.

CONTACT:

Jinro Limited
1448-3 Seocho-dong Seocho-gu
Jinro Bldg
Seoul, SEOUL 137-866
South Korea
Phone: +82 2 520 3114
Fax:   +82 2 520 3453
Web site: http://www.jinro.co.kr/


SK NETWORKS: To Build Oil Plant in China
----------------------------------------
SK Networks said on March 7 that it is planning to build a fuel
oil pant in China together with a local partner, Asia Pulse
reports.

The plant will be located in southern Guangzhou, and
construction on 50,000-60,000 pyong of land is to begin in 2006.
(One pyong=3.3 meters)

The Company aims to control 30- 40 % in the plant, which would
cost CNY248.3 million. According to officials, fuel oil
production for the new plant is expected to be at 1.5 million
tons per year.

CONTACT:

SK Networks Co.
Head Office
199-15, Euljiro-2Ga,
Jung-Gu, Seoul,
Korea 100-192,
Tel: 82-2-2221-2114
Fax: 82-2-754-9414
E-mail: webmaster@sknetworks.co.kr


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


AMSTEEL CORPORATION: Extends Cut-off Date of Company Disposals
--------------------------------------------------------------
Amsteel Corporation Berhad refers to the announcements made on
Jan. 27, 2005, Nov. 9, 2004, Dec. 9, 2004 and Dec. 13, 2004, in
relation to the proposed disposal of Lion Ipoh Parade Sdn Berhad
(LIPSB), and the proposed disposal of Lion Seremban Parade Sdn
Berhad (LSPSB).

Amsteel Corporation Berhad announced that Purchaser TMW Lion
Gmbh had via a letter dated Feb. 28, 2005, which was received on
March 1, 2005, accepted the Company's request to extend the Cut-
Off Date (as defined in each of the Share Sale and Purchase
Agreements dated Nov. 8, 2004) from March 7, 2005, to April 6,
2005, for both the Proposed Disposal of LIPSB and the Proposed
Disposal of LSPSB.

As at the date of this Announcement, the Proposed Disposals are
subject to the approvals being received from:

(i) the shareholders of the Company;

(ii) the Securities Commission; and

(iii) the security trustee of Amsteel Group's lenders, the
facility agent and/or holders of the bonds and debts issued by
the Company pursuant to the group wide restructuring scheme
affecting the Amsteel group of companies.

Unless otherwise stated, defined terms used in this announcement
shall carry the same meaning as defined in the previous
announcements.

CONTACT:

Amsteel Corporation Berhad
165 Jalan Ampang
Kuala Lumpur, 50450
Malaysia
Phone: +60 3 2162 2155/2161 3166
Fax:   +60 3 2162 3448


CEPATWAWASAN GROUP: Court Sets March 22 as Decision Date on Suit
----------------------------------------------------------------
Further to the announcement on Feb. 14, 2005, regarding the
Civil Suit No D3-22-1168-2004 by Cepatwawasan Group Berhad and
its subsidiary, Prolific Yield Sdn. Bhd. against the following
persons:

1. Tengku Dato' Kamal Ibni Sultan Sir Abu Bakar (NRIC: 611008-
06-5021) - 1st Defendant;

2. Lt Kol Tengku Dato' Kamarul Zaman Ibni Sultan Sir Abu Bakar
(NRIC: 621104-06-5135) - 2nd Defendant;

3. Kassim bin Mohamed Ali (NRIC: 570718-10-5915) - 3rd
Defendant;

4. Abdul Rahim bin Sendiri (NRIC: 460708-06-5203) - 4th
Defendant;

5. Opti Temasek Sdn. Bhd. (Company No. 650698-D) - 5th
Defendant;

6. Yip Kum Wah (NRIC: 390923-08-5783) - 6th Defendant;

7. Lee Ah Lan (NRIC: 501002-05-5394) - 7th Defendant;

8. Sheikh Abdul Rahim bin Sheikh Hassan (NRIC: 681026-06-5133) -
8th Defendant;

9. Yip Fook Yian (NRIC: 701106-08-5557) - 9th Defendant;

10. Yip Chee Meng (NRIC: 690422-08-5771) - 10th Defendant;

11. Yip Ha @ Yip See Khow (NRIC: 2708621) - 11th Defendant;

12. Chew Poh Kong (also known as Paul Hew) (NRIC: 460810-08-
5075) - 12th Defendant;

13. Hew Yen Fatt (also known as Patrick Hew) (NRIC: 550131-10-
5555) - 13th Defendant;

14. Tan Sri Datuk Chai Kin Kong (NRIC: 590825-06-5179) - 14th
Defendant;

15. Dato Chua Tiong Moon (NRIC: 590831-06-5179) - 15th
Defendant;

16. Chai Kim Chong (NRIC: 620118-06-5035) - 16th Defendant;

17. Chai Woon Chet (also known as Eddie Chai) - 17th Defendant;
and

18. Tan Kok Aun (NRIC: 580522-08-5907) - 18th Defendant.

for recovery of :

˙ RM13 million which was wrongfully and fraudulently paid out by
the former directors of Prolific Yield Sdn. Bhd. to Opti Temasek
Sdn. Bhd. as advance; and

˙ RM3 million which was wrongfully and fraudulently paid to a
Sheikh Abdul Rahim bin Sheikh Hassan (NRIC: 681026-06-5133) as
advance with no interest and no fixed term of repayment,

the Company announced that all parties concerned appeared before
the Kuala Lumpur High Court on March 7, 2005, for submission cum
clarification regarding the inter parte application for the
Mareva Injunction against the 1st to 7th Defendant and the
application of the 1st to 4th Defendant to set aside and stay
the Mareva Injunction. The Court fixed March 22, 2005, for
decision.

CONTACT:

Cepatwawasan Group Berhad
Lot 39-40, Block C
Taman Indah Jaya Shophouses
Mile 4, North Road, P O Box 1562
90717 Sandakan, Sabah
Malaysia
Phone: 089-271775/ 089-221569
Fax:   089-220881


CONSOLIDATED FARMS: Court Grants RO Extension for Restructuring
---------------------------------------------------------------
Consolidated Farms Berhad announced that on March 4, 2005, the
Company and its four (4) subsidiaries, Consolidated Feedmill Sdn
Bhd, Consolidated Breeder Farms Sdn Bhd, Consolidated Liquid
Eggs Sdn Bhd and Consolidated Organic Fertiliser Sdn Bhd, were
granted an extension of the Restraining Order (RO) for a further
period of ninety (90) days effective from March 4, 2005, to June
1, 2005, by the Kuala Lumpur High Court pursuant to Section
176(10) of the Companies Act, 1965.

The Company informed the Bursa Malaysia Securities Berhad that
the aforesaid RO was applied for in order to facilitate the
Proposed Restructuring Scheme, which was announced on Oct. 11,
2004 and Dec. 31, 2004.

CONTACT:

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

This announcement is dated March 7, 2005.


GENERAL SOIL: Issues Monthly Status Update
------------------------------------------
General Soil Engineering Holdings Berhad announced that there
have been no material developments other than those that had
been publicly announced since the last monthly status
announcement pursuant to PN4.

CONTACT:

General Soil Engineering Holdings Berhad
346, Jalan Tuanku Abdul Rahman
50100 Kuala Lumpur
Malaysia
Phone: 03-2698 9888
Fax:   03-2693 8580/670

This announcement is dated march 7, 2005.


I-BERHAD: Discloses Notice of Shares Buy Back
---------------------------------------------
I-Berhad disclosed details of its shares buy back on March 7,
2005, to the Bursa Malaysia Securities Berhad.

Date of buy back: 07/03/2005

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

Total number of shares purchased (units): 5,500

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

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

Total consideration paid (RM): 4,654.57

Number of shares purchased retained in treasury
(units):   5,500

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

Cumulative net outstanding treasury shares as at to-date
(units): 990,700

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

CONTACT:

I-Berhad
3, Jalan Astaka U8/84
Section U8, Bukit Jelutong
40150 Shah Alam
Selangor, Malaysia
Phone: 03-7845 4511
Fax:   03-7845 4514
Web site: http://www.i-digital.com

This announcement is dated March 7, 2005.


KUALA LUMPUR KEPONG: Unveils February Production Figures
--------------------------------------------------------
Kuala Lumpur Kepong Berhad announced that the Company submitted
to the Bursa Malaysia Securities Berhad its crop production
figures for the month of February, 2005.

To view the figures, click on:

http://bankrupt.com/misc/tcrap_klkepong030805.doc

CONTACT:

Kuala Lumpur Kepong Berhad
Wisma Taiko 1, Jalan S. P.
Seenivasagam
30000 Ipoh, Perak, Malaysia
Phone: +60-5-241-7844
Fax:   +60-5-253-5018
Web site: httP://www.klk.com.my


LION INDUSTRIES: Creditors To Meet March 30
-------------------------------------------
Lion Industries Corporation Berhad announced that a meeting of
the financial institution creditors of Amsteel Mills Sdn Bhd
(AMSB), a 99% owned subsidiary of the Company, will be held
pursuant to the order of the Kuala Lumpur High Court granted on
Oct. 28, 2004, under Section 176(1) of the Companies Act 1965
(Act).

The Creditors' meeting will be held on Wednesday, March 30,
2005, 11:00 a.m., at Level 48, Menara Citibank, 165, Jalan
Ampang, 50450 Kuala Lumpur to seek the approval of the Scheme
Creditors for the following proposals:

(i) matters connected with the issuance of 6-year RM500 million
Bai' Bithaman Ajil Islamic private debt securities by Antara
Steel Mills Sdn Bhd, a wholly owned subsidiary of AMSB; and

(ii) sale of 2,000,000 ordinary shares of RM1.00 each
representing 20% of the issued and paid-up capital of CH Rebar
Sdn Bhd by AMSB to Chuan Huat Hardware Holdings Sdn Bhd for cash
of RM1,900,000.00 and the purchase of the land held under HS(D)
13425, PT 17216, Mukim Tanjong Duabelas, District of Kuala
Langat, Selangor by AMSB from Amsteel Mills Realty Sdn Bhd, a
wholly-owned subsidiary of AMSB.

The Scheme of Arrangement Document and Explanatory Statement of
AMSB required by Section 177 of the Act was dispatched to the
Scheme Creditors on March 4, 2005.

AMSB did not apply to the Court for an order to restrain legal
proceedings against AMSB under Section 176 (10) of the Act.

CONTACT:

Lion Industries Corporation Berhad
Level 46, Menara Citibank
165, Jalan Ampang
50450 Kuala Lumpur
Phone: 03-21622155
Fax:   03-21623448
Web site: http://www.lion.com.my


NALURI BERHAD: Regularizes Level of Operations
----------------------------------------------
Naluri Berhad announced that the Company achieved an adequate
level of operations pursuant to Practice Note 10/2001 of the
Listing Requirements of Bursa Malaysia Securities Berhad (PN
10/2001).

Accordingly, the Company no longer triggers any of the criteria
under Paragraph 2 of PN 10/2001.

CONTACT:

Naluri Berhad
161B Jalan Ampang
Kuala Lumpur, 50450
Malaysia
Phone: +60 3 2162 0878
Fax:   +60 3 2162 0676


OMEGA HOLDINGS: To Hold 15th AGM on March 31
--------------------------------------------
Omega Holdings Berhad announced that the Company's Fifteenth
Annual General Meeting (AGM) will be held at Level 2, Wisma
Socfin, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur on
Thursday, March 31, 2005, 10:00 a.m.

The Notice of the 15th Annual General Meeting dated March 8,
2005, is attached.

To view the notice, go to:

http://bankrupt.com/misc/tcrap_omega030805.doc

CONTACT:

Omega Holdings Berhad
Jalan Semantan Damansara Heights
50490 Kuala Lumpur,
Selangor Darul Ehsan 46050
Malaysia
Phone: +60 3 2713 2160
Fax:   +60 3 2713 2170


PAN MALAYSIA: Buys Back 60,000 Shares
-------------------------------------
Pan Malaysia disclosed to the Bursa Malaysia Securities Berhad
details of its shares buy back on March 7, 2005.

Date of buy back: 07/03/2005

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

Total number of shares purchased (units): 60,000

Minimum price paid for each share purchased (RM): 0.380

Maximum price paid for each share purchased (RM): 0.395

Total consideration paid (RM): 23,433.07

Number of shares purchased retained in treasury
(units): 60,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 19,220,000

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


PANTAI HOLDINGS: Repurchases Additional 165,000 Shares
------------------------------------------------------
Pantai Holdings Berhad's additional 165,000 new ordinary shares
of RM1.00 each arising from the Company's Conversion of
RM184,800 nominal value of irredeemable convertible unsecured
loan stocks 2002/2007 into 165,000 new ordinary shares are
granted listing and quotation effective Wednesday, March 9,
2005, 9:00 a.m.

CONTACT:

Pantai Holdings Berhad
3rd Floor, Block B
Pantai Medical Center
No. 8 Jalan Bukit Pantai
59100 Kuala Lumpur
Malaysia
Phone: 03-22879822
Fax:   03-22873822
Web site: http://www.pantai.com.my/


PILECON ENGINEERING: Warrants to be Suspended March 18
------------------------------------------------------
Pilecon Engineering Berhad announced the following:

(i) PILECON's Warrants will expire on Monday, April 4, 2005,
5.00 p.m.

(ii) Trading in PILECON's Warrants will be suspended effective
Friday, March 18, 2005, 9.00 a.m., in order to facilitate the
final exercise of the Warrants.

(iii) PILECON's Warrants will be removed from the Official List
of Bursa Securities effective Tuesday, April 5, 2005, 9:00 a.m.

Please refer to the Company's notice to warrantholders dated
March 4, 2005.

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: Granted Listing of Additional Shares
--------------------------------------------------
Pos Malaysia & Services Holdings Berhad's additional 176,000 new
ordinary shares of RM1.00 each issued pursuant to the Company's
Employee Share Option Scheme are granted listing and quotation
effective Wednesday, March 9, 2005, 9:00 a.m.

CONTACT:

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


UNITED CHEMICAL: Sees No Change in Default Status
-------------------------------------------------
United Chemical Industries Berhad (UCI) announced that further
to the announcement made on Feb. 16, 2005, there are no new
significant developments in relation to the various defaults in
payment.

The Company has provided an update on the details of all
facilities currently in default in compliance with Section 3.1
of Practice Note No.1/2001.

To view the attachment, go to:

http://bankrupt.com/misc/tcrap_unitedchem030805.xls

CONTACT:

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

This announcement is dated 7 March 2005.


WCT ENGINEERING: Issues Warrants Expiry Update
----------------------------------------------
WCT Engineering Berhad announces the following:

(i) WCT's Warrants will expire on Wednesday, April 6, 2005, 5.00
p.m.

(ii) Trading in WCT's Warrants will be suspended effective
Tuesday, March 22, 2005, 9:00 a.m., in order to facilitate the
final exercise of the Warrants.

(iii) WCT's Warrants will be removed from the Official List of
the Securities Exchange effective Thursday, April 7, 2005, 9:00
a.m.

Please refer to the Company's notice to warrantholders dated
March 3, 2005.

CONTACT:

WCT Engineering Berhad
12, Jalan Majistret U1/26
Seksyen U1, Lot 44,
Hicom-Glenmarie Industrial Park
40150 Shah Alam, Selangor Darul
Ehsan, Malaysia
Phone: 603-7805 2266


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

COLLEGE ASSURANCE: Planholders Respond to Mayor's Call
------------------------------------------------------
Around nine College Assurance Plans Philippines (CAP)
policyholders in Angeles City have decided to accept Mayor
Carmelo Lazatin's offer to help solve their dilemma, SunStar
reports.

Mayor Lazatin reportedly issued an announcement calling on CAP
scholarship planholders to determine the effect of CAP's alleged
capital deficiencies on local citizens. He invited CAP
policyholders to register at the city hall and vowed to take
necessary action to protect them and find ways to ensure
continued education for the beneficiaries.

In line with this, Mr. Lazatin also started coordinating with
concerned agencies of the National Government to prevent the
deprivation of the CAP scholars of their right to continuous
education.

The city information officer, Irish C. Calaguas, announced that
city officials welcome all CAP policyholders who may report and
register at the Office of the Mayor at City Hall.

CONTACT:

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


MANILA ELECTRIC: To Continue Sourcing Power from Napocor
--------------------------------------------------------
Manila Electric Company (Meralco) has received an order from the
Energy Regulatory Commission (ERC) to continue sourcing power
from the National Power Corporation until a new transition
supply contract (TSC) is inked, says The Philippine Star.

Since the two power firms have not yet entered into another TSC
after their 10-year contract expired in December, the ERC is
mandating Napocor not to charge Meralco any penalties until a
TSC agreement is reached.

Napocor is required to submit a TSC with ERC under Republic Act
9136 or the Electric Power Industry Reform Act (EPIRA).

Napocor was supposed to file with the ERC for approval TSCs duly
negotiated with the distribution utilities, including Meralco,
within six months from the effectivity of the Act or in December
2001.

The ERC did not require Napocor and Meralco then to enter into a
TSC since they have a pending application for a settlement
agreement under a 10-year supply contract which expired last
December 2004. The ERC has yet to approve the proposed
settlement agreement by the two power firms.

Meralco is now sourcing the bulk of its power requirement from
its independent power producers (IPPs) which resulted to a 37.5
centavo rate reduction in the electricity being paid in
Meralco's franchise areas.

CONTACT:

Manila Electric Co.
Lopez Building
Ortigas Avenue, Pasig City
Phone:  16220 (TL); 633-4553 (Corp. Sec.)
Fax:  (0632) 631-5572
E-mail Address: corcom@meralco.com.ph
Web site: http://www.meralco.com.ph


MANILA ELECTRIC: ERC Suspends Implementation of Directives
----------------------------------------------------------
The Energy Regulatory Commission (ERC) take notes of the "Motion
to Further Suspend Implementation Indefinitely" filed by
applicant Manila Electric Company (Meralco) on January 31, 2005
praying that the implementation of the directive for it to
charge its customers franchise taxes based only on its
distribution wheeling and captive market supply revenues be
further deferred and/or held in abeyance in view of the absence
of the Department of Finance (DOF) guidelined to implement the
same.

Finding said motion to be meritorious, the same is hereby
GRANTED. Accordingly, the implementation of the said directive
is hereby suspended until further notice.

SO ORDERED.

FOR AND BY AUTHORITY
OF THE COMMISSION:

ALEJANDRO Z. BARIN
Commissioner


NATIONAL STEEL: New Owner Vows to Start Operations This Year
------------------------------------------------------------
National Steel Corporation will finally begin commercial
operations in June or July, five years after it was closed in
1999, according to Business World.

National Steel's new owner, Global Steelworks International
Inc., has reportedly informed government officials its intention
to go full-blast in about three months.

The start National Steel's full operation is expected to prompt
the imposition of the approved tariff rate increase on hot and
cold rolled coils that will be produced by the Company.

The Cabinet-level Tariff and Related Matters committee is
expected to soon "validate" Global Steelwork's performance to
see if it deserves to be given tariff cover.

A special committee of experts has been gathered to establish
parameters that will indicate whether or not Global Steelworks
is operating commercially.

Global Steelworks acquired National Steel under a Php13.25-
billion deal and has so far spent Php900 million for the
rehabilitation of the steel plant and equipment.

National Steel has a capacity of 1.5 million metric tons per
annum and at a price of US$500 per ton in the world market. The
facility is expected to generate US$750 million in revenues
annually.


PHILIPPINE LONG: Pioneers Wireless Broadband Mobility Solution
--------------------------------------------------------------
Philippine Long Distance Telephone Company (PLDT) has broken new
ground in wireless Internet access through a new service that
offers cost-effective wireless connectivity for small and medium
enterprises and large corporations with remote offices and road
warriors.

Called PLDT WeRoam, the new service allows for unmatched
mobility for a Company's workforce while ensuring reliable local
area network (LAN) and Internet connectivity without the burden
of unwieldy wires.

"For a Company with mobile employees, this service could
potentially redound to increased efficiency and consequently
improved revenues," said Senior Vice President and Head of the
Corporate Business Group Eric R. Alberto.

"Even for a Company that has not given mobility much thought,
PLDT WeRoam opens up possibilities. All this without having to
depend on and get tied down by a wired network," he added.

"The big idea is that with PLDT WeRoam, you are not just in
control of your business. More importantly, you are in control
of your life, " Mr. Alberto further said.

The service offers four packages that will cater to various
needs of the client. These are PLDT WeRoam Mobile (with
Internet), PLDT WeRoam Mobile (with VPN-Virtual Private
Network), PLDT WeRoam Direct (with LAN connection to the global
Internet), and PLDT WeRoam Direct (with LAN to LAN connection).

PLDT WeRoam Mobile will employ GPRS (General Packet Radio
Service) and EDGE (Enhanced Data for Global Evolution)
technologies, providing speeds of up to 170 kilobits per second
(kbps) and nationwide cellsite-to-cellsite handover for a
seamless connection while on the move.

To view the entire release, click on:
http://bankrupt.com/misc/tcrap_pldt030805.pdf

CONTACT:

Philippine Long Distance Telephone Co.
Ramon Cojuangco Building
Makati Avenue, Makati City
Telephone Numbers:  814-3552; 888-0188
Fax Number:  813-2292
Web site: http://www.pldt.com.ph


UNIWIDE HOLDINGS: New Directors Issue Copies of SEC Form 23-A
-------------------------------------------------------------
Further to Circular for Brokers No. 773-2005 dated February 11,
2005, Ms. Carolyne V. Gow-Yap, a newly elected director of
Uniwide Holdings Incorporated, furnished the Exchange a copy of
her SEC Form 23-A (Initial Statement of Beneficial Ownership of
Securities).

Likewise, in reference to Circular for Brokers No. 823-2005 date
February 16, 2005, the following newly appointed officers of the
Company furnished the Exchange copies of their SEC Form 23-A
(Initial Statement of Beneficial Ownership of Securities):

(1) Ms. Myracris G. Galang        - Chief Financial Officer
(2) Atty. Romarico I. Gatchalian  - Corporate Secretary
(3) Mr. Julius P. Maling          - Chief Compliance Officer

Copies of the said documents shall be made available at the PSE
web site: http://www.pse.com.ph(under Listed Companies).

For your information.

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

Noted by:

(Original Signed)
JURISITA M. QUINTOS
Senior Vice President

CONTACT:

Uniwide Holdings, Inc.
Upper Ground Floor Pearl Plaza Bldg.
0165 Quirino Avenue, Brgy. Tambo
Paranaque City
Telephone Number: (632)-851-12-58


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

ACCORD CUSTOMER: Inks Investment Agreement With Singapore Post
--------------------------------------------------------------
The Board of Directors of Accord Customer Care Solutions Limited
announced in a disclosure to the Singapore Stock Exchange that
it has entered into an investment agreement dated March 7, 2005
with Singapore Post Limited (Investor) for the proposed
subscription by the Investor of new ordinary shares of S$0.025
each in the capital of the Company.

Information About The Investor

The Investor is Singapore's dominant provider of domestic and
international postal services, with a history, through its
predecessors, dating back to 1819.

Pursuant to a license granted by the Info-communications
Development Authority of Singapore, the Investor is granted the
exclusive provider of basic mail services with respect to
letters and postcards (excluding express letters) in Singapore
until March 31, 2007, and a non-exclusive provider of these
services until March 31, 2017.

The Investor provides mail business, local and international
express delivery services, warehousing, fulfillment and
distribution services and retail services through its
distribution channels.

To view a full copy of the press release, click
http://bankrupt.com/misc/ACCORDCUSTOMER030805.pdf

CONTACT:

Accord Customer Care Solutions Limited
20 Toh Guan Road #07-00
Accord Distri Centre
Singapore 608839
Telephone: 65 64102600
Fax: 65 64102610
Web site: http://www.accordccs.com


CAPRICORN HOLDINGS: Receiving Proofs 30 Days as of Notice Date
--------------------------------------------------------------
Notice is hereby given that the creditors of Capricorn Holdings
Pte Limited (Members' Voluntary Liquidation) are required within
thirty days thereof to send in their names and addresses and the
particulars of their debts or claims and the names and addresses
of their solicitors (if any) to the Liquidator of the said
Company c/o 2 Mistri Road, #12-01 HMC Building, Singapore
079624.

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

Teh Kwang Hwee
Liquidator
28th February 2005


CHARTERED SEMICONDUCTOR: Offers USB Comprehensive Portfolio
-----------------------------------------------------------
Chartered Semiconductor Manufacturing, Chipidea and Solid
Silicon Technology L.L.C. (SST) advised the Singapore Stock
Exchange of an immediate availability of a comprehensive
portfolio of USB 2.0 and USB 2.0 On-The-Go (OTG) intellectual
property (IP) solutions based on Chartered's 0.13-micron nominal
and high-performance processes, and 0.18-micron processes.

The portfolio of USB 2.0 IP solutions developed for Chartered's
processes are tuned to products requiring high-speed
connectivity such as digital set-top boxes, digital still
cameras and a range of multi-media consumer, computer and
communication products.

The USB 2.0 and USB 2.0 OTG IP solutions integrate Chipidea's
UTMI+ compliant physical layer (PHY) with SST's five-volt
tolerant input/output (I/O) pads with primary electrostatic
discharge (ESD) protection. Silicon results are available and
demonstrate outstanding performance based on silicon validation
of the high-speed 480Mbps USB 2.0 test chip on Chartered's 0.13-
micron high-performance process1.

As a complete solution ready for chip integration, Chipidea
provides system designers with an integrated macro-cell with PHY
and I/O pads, enabling them to use the I/O pad ring of their
choice. The deliverables include a full set of documentation
with testing and integration guidelines, a comprehensive design
kit and a dedicated support team from Chipidea to facilitate
implementation. Alternatively, designers can separately license
Chipidea's PHY or SST's I/O pad as stand-alone cells to build
custom solutions. SST also offers I/O libraries that are
compatible with the integrated USB 2.0 IP solutions to ensure
robust ESD performance.

"Chartered is pleased to extend our open access IP portfolio
with USB 2.0 solutions from Chipidea and SST, both having
demonstrated excellent track records in on-time delivery and
first-pass silicon success for their IP solutions," said Walter
Ng, senior director of Design Services at Chartered. "We are
actively working with customers who are integrating the USB 2.0
solutions into their high-speed connectivity products for
manufacturing at Chartered, reflecting the market demand as well
as customer confidence in the combined solutions to enable a
reliable path to volume production."

"SST's innovative I/O pad architectures and robust ESD solutions
have been utilized by system design teams worldwide. Our
collaboration with Chipidea and Chartered further extends a
complete portfolio of integrated high-performance analog pad set
solutions tuned to products with USB and other high-speed
connectivity interfaces," said Robert L. Veal, Business
Operations at SST.

"As these solutions leverage a uniform pad set, designers would
also benefit from the ability to adapt their products across a
range of process technologies available from Chartered."

"Chipidea understands the added value of supplying complete USB
solutions to the market through complementing our core
competencies with quality third-party IPs and proven foundry
manufacturing capabilities," said Milton Sousa, Business
Development Manager of IP Connectivity Solutions Division at
Chipidea.

"We are therefore pleased to have qualified our solutions with
Chartered across multiple process generations and selected SST
to be our I/O pad supplier of choice based on quality standards,
support level and reputation."

For more information, visit the following Web sites:

http://www.charteredsemi.com/design/analog_ms_ip.asp
http://www.chipidea.com
http://www.solidsitech.com

To view a full copy of the press release, click
http://bankrupt.com/misc/charteredsemiconductor030805.pdf

CONTACT:

Chartered Semiconductor Manufacturing Ltd
60 Woodlands Industrial Park D Street 2
Singapore 738406
Telephone: 65 63622838
Fax: 65 63622938
Web site: http://www.charteredsemi.com


CHINA AVIATION (S): Deutsche Bank Willing to Buy Debt
-----------------------------------------------------
Deutsche Bank AG is planning to buy China Aviation Oil (S)
Corp.'s (CAO) $530 million debt from creditors, Reuters relates.
The bank plans to take over CAO's total debt by paying 40
percent of the amount owed.

According to an e-mail sent by Deutshe Bank to a creditor, it is
willing to pay for the purchase up front.  But the bank's Hong
Kong-based spokesman, Mike West, did not give out a comment.

CAO offered creditors 41.5 cents for every dollar owed in
January, including $100 million cash and $120 million over eight
years as part of its move to stay afloat.

"What would you rather have, the money today or over time?"
Reuters quoted Michael Preiss, senior investment adviser at
Coutts Bank (Schweiz) AG in Singapore as saying.

"Deutsche Bank is probably taking the view that their assets are
worth more. Somewhere in their books, there might be some hidden
gems." Mr. Preiss added.

CAO is currently battling a judicial management petition filed
by SK Energy in the Singapore High Court.

CONTACT:

China Aviation Oil (S) Corp.
Phone: (65)6334 8979
Fax: (65)6333 5283
Web site: http://www.caosco.com/


ELOGICITY INTERNATIONAL: Lays Out Meeting Agenda
------------------------------------------------
Take notice that a meeting of creditors in eLogicity
International Pte Ltd (In Liquidation) will be held at 18 Cross
Street, #08-01 Marsh & McLennan Centre (China Square Central),
Singapore 048423 on March 23, 2005 (Wednesday), at 11:00 a.m.

AGENDA

(1) To consider and if thought fit to appoint a committee of
inspection; and

(2) Any other business

Dated this 7th day of March 2005

Chee Yoh Chuang
Lim Lee Meng
Liquidators
c/o Chio Lim & Associates
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423


EPIC INTERNATIONAL: Receiving Proofs of Debt Until March 21
-----------------------------------------------------------
Epic International Pte Ltd (In Creditors' Voluntary Winding Up)
of 138 Cecil Street #15-00 Cecil Court Singapore 069538 posted a
notice of intended dividend to the Government Gazette,
Electronic Edition with the following details:

Last day of receiving proofs: March 21, 2005

Name and address of Joint Liquidators:

Ong Lee Wha/Ong Soo Hwa
c/o S.H.Ong & Company
545 Orchard Road #11-07
Far East Shopping Centre,
Singapore 238882
March 7, 2005


KISMIS PROPERTIES: Dissolved on March 7
---------------------------------------
Description Oversea-Chinese Banking Corporation Limited 9OCBC
Bank) advised the Singapore Stock Exchange that Kismis
Properties Private Limited (in Members' Voluntary Liquidation),
a wholly owned dormant subsidiary of OCBC Bank, is dissolved on
March 7, 2005.

Kismis Properties Private Limited ceased to be a wholly owned
subsidiary of OCBC Bank effective March 7, 2005.


NOBLE INTERIORS: Creditors Proofs of Claims Due April 15
--------------------------------------------------------
Notice is hereby given that the creditors of Noble Interiors Pte
Ltd (In Liquidation), which is being wound up voluntarily, are
required on or before April 15, 2005 to send in their names and
addresses and the particulars of their debts or claims, and the
names and addresses of their solicitors (if any) to the
Liquidator at 300 Beach Road, #38-05 The Concourse, Singapore
199555.

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

Heng Lee Seng
Liquidator
March 4, 2005


W&P MANAGEMENT: Gives Creditors Until April 5 to Submit Proofs
--------------------------------------------------------------
Notice is hereby given that the creditors of W&P Management
Services Co Pte Ltd (In Member's Voluntary Liquidation), which
is being wound up voluntarily are required on or before April 5,
2005 to send in their names and addresses and particulars of
their debts or claims, and the names and addresses of their
solicitors (if any) to the undersigned, the Liquidator of the
said Company.

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

Dated 4th day of March 2005

Timothy James Reid
Liquidator
50 Raffles Place
#16-06 Singapore Land Tower
Singapore 048623


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

CIRCUIT ELECTRONIC: To Be Listed Under Rehabco Sector
-----------------------------------------------------
The Stock Exchange of Thailand (SET) subjected Circuit
Electronic Industries Public Company Limited (CIRKIT) to be
listed under the category "Companies Under Rehabilitation
(REHABCO)" of the exchange due to a negative shareholders'
equity on its financial statements for the period ended December
31, 2004.

The Stock Exchange of Thailand (SET) has established procedures
and guidelines for listed Company to be transferred to the
category named Companies Under Rehabilitation (REHABCO) by
considering Listed Company's financial statements showing
negative shareholders' equity on its balance sheet.

However, it should be noted that any unrealized losses that
occurred as a result of the Asian financial crisis of 1997
change in the exchange rate system could be used to adjust its
shareholders' equity.

In addition, in case the auditor has issued a qualified opinion,
or a disclaimer, or an adverse opinion on the financial
statements, the SET may consider the financial condition of the
listed Company by including the adjusted condition from the
auditor's report. If Company shareholders' equity is less than
zero, the SET will transfer the listed Company to the REHABCO
category.

The Company's shareholders' equities are now negative, based
upon its audited annual financial statements ending 31 December
2004. Therefore, as required by the Rule Governing Delisting of
Securities (1999):

(1) As noted above, the SET announced that CIRKIT must bring its
condition up to standard in order to be reinstated, and hereby
suspends their securities effective from the second trading
session on 7 March 2005.

(2) The SET will transfer the securities to REHABCO sector
on March 9, 2005 and temporarily post an SP (suspension) sign
for 30 days from the date of announcement to 5 April 2005 to
suspend further trading. This is to give the Company's
management time to make prudent decisions that benefit all
parties concerned.

(3) CIRKIT must inform the SET by 5 April 2005
Whether it will;

(a) Proceed with their rehabilitation plans under the Bankruptcy
Act,

(b) Ask for voluntary delisting, or

(c) Try other options, which will benefit all stakeholders
involved. The Company must also provide the SET with a schedule
for implementing their decisions.

(4) After the CIRKIT disseminates its decisions, the SET will
allow trading of these securities under the REHABCO category
from April 7, 2005 to May 6, 2005. This is to allow all
shareholders to trade the securities before further suspension
while the firm implement the Company's rehabilitation plans.

(5) The SET will post SP (suspension) signs to prohibit the
trading of CIRKIT from May 9, 2005 until the problems have been
solved.

The SET requests that all shareholders and general investors
study the firms' complete set of financial statements and follow
up the progress of their rehabilitation through the SET
information system.

CONTACT:

Circuit Electronic Industries Public Company Limited
45 Moo 12,Rojana Industrial Park, Amphoe Uthai Ayutthya
Telephone: 0-3533-0556-9, 0-3522-6280-9, 0-3522-6711
Fax: 0-3533-0560, 0-3522-6710
Web site: http://www.cei.co.th


EMC: Snags THB323,000,000 Contract from Thirty Nine Tower
---------------------------------------------------------
EMC Public Company Limited (the Company) informed the Stock
Exchange of Thailand (SET) that it has been employed by Thirty
Nine Tower Co. Ltd. for a Building Construction and System Work
Fabrications of the Thirty Nine Tower Project. The contract
value is totally THB323,000,000 including VAT. Completion date
is July 15, 2006.

Please be informed accordingly.

Yours faithfully,
Lt. Gen.Samang Thongpan
Director

CONTACT:

EMC Public Company Limited
Rasa Tower, Floor 22, 555 Phaholyothin Road,
Chatu Chak Bangkok
Telephone: 0-2937-0333
Fax: 0-2937-0329
Web site: http://www.emc-group.co.th


NEW PLUS: SET Transfers Securities to Rehabco Sector
----------------------------------------------------
The Stock Exchange of Thailand (SET) subjected New Plus Knitting
Public Company Limited (NPK) to be listed under the category
"Companies Under Rehabilitation (REHABCO)" of the exchange due
to a negative shareholders' equity on its financial statements
for the period ended December 31, 2004.

The Stock Exchange of Thailand (SET) has established procedures
and guidelines for listed Company to be transferred to the
category named Companies Under Rehabilitation (REHABCO) by
considering Listed Company's financial statements showing
negative shareholders' equity on its balance sheet.

However, it should be noted that any unrealized losses that
occurred as a result of the Asian financial crisis of 1997
change in the exchange rate system could be used to adjust its
shareholders' equity.

In addition, in case the auditor has issued a qualified opinion,
or a disclaimer, or an adverse opinion on the financial
statements, the SET may consider the financial condition of the
listed Company by including the adjusted condition from the
auditor's report. If Company shareholders' equity is less than
zero, the SET will transfer the listed Company to the REHABCO
category.

The Company's shareholders' equities are now negative, based
upon its audited annual financial statements ending 31 December
2004. Therefore,as required by the Rule Governing Delisting of
Securities (1999):

(1) As noted above, the SET announced that CIRKIT must bring its
condition up to standard in order to be reinstated, and hereby
suspends their securities effective from the second trading
session on March 7, 2005.

(2) The SET will transfer the securities to REHABCO sector
on March 9, 2005 and temporarily post an SP (suspension) sign
for 30 days from the date of announcement to April 5, 2005 to
suspend further trading. This is to give the Company's
management time to make prudent decisions that benefit all
parties concerned.

(3) New Plus must inform the SET by April 5, 2005
Whether it will;

(a) Proceed with their rehabilitation plans under the Bankruptcy
Act,

(b) Ask for voluntary delisting, or

(c) Try other options, which will benefit all stakeholders
involved. The Company must also provide the SET with a schedule
for implementing their decisions.

(4) After New Plus disseminate its decisions, the SET will allow
trading of these securities under the REHABCO category from
April 7, 2005 to May 6, 2005. This is to allow all shareholders
to trade the securities before further suspension while the firm
implement the Company's rehabilitation plans.

(5) The SET will post SP (suspension) signs to prohibit the
trading of New Plus from May 9, 2005 until the problems have
been solved.

The SET requests that all shareholders and general investors
study the firms' complete set of financial statements and follow
up the progress of their rehabilitation through the SET
information system.

CONTACT:

New Plus Knitting Public Company Limited
34 Moo 20, Saladang, Ban Num Priao,
Chacherngsao
Telephone: 0-3859-3126
Fax: 0-3859-3125


THAI-DENMARK: To Trade Under Rehabco Sector
-------------------------------------------
The Stock Exchange of Thailand (SET) subjected Thai-Denmark
Swine Breeder Public Company Limited (D-MARK) to be listed under
the category "Companies Under Rehabilitation (REHABCO)" of the
exchange due to a negative shareholders' equity on its financial
statements for the period ended December 31, 2004.

The Stock Exchange of Thailand (SET) has established procedures
and guidelines for listed Company to be transferred to the
category named Companies Under Rehabilitation (REHABCO) by
considering Listed Company's financial statements showing
negative shareholders' equity on its balance sheet.

However, it should be noted that any unrealized losses that
occurred as a result of the Asian financial crisis of 1997
change in the exchange rate system could be used to adjust its
shareholders' equity.

In addition, in case the auditor has issued a qualified opinion,
or a disclaimer, or an adverse opinion on the financial
statements, the SET may consider the financial condition of the
listed Company by including the adjusted condition from the
auditor's report. If Company shareholders' equity is less than
zero, the SET will transfer the listed Company to the REHABCO
category.

The Company's shareholders' equities are now negative, based
upon its audited annual financial statements ending 31 December
2004. Therefore, as required by the Rule Governing Delisting of
Securities (1999):

(1) As noted above, the SET announced that CIRKIT must bring its
condition up to standard in order to be reinstated, and hereby
suspends their securities effective from the second trading
session on 7 March 2005.

(2) The SET will transfer the securities to REHABCO sector
on March 9, 2005 and temporarily post an SP (suspension) sign
for 30 days from the date of announcement to 5 April 2005 to
suspend further trading. This is to give the Company's
management time to make prudent decisions that benefit all
parties concerned.

(3) Thai-Denmark must inform the SET by 5 April 2005
Whether it will;

(a) Proceed with their rehabilitation plans under the Bankruptcy
Act,

(b) Ask for voluntary delisting, or

(c) Try other options, which will benefit all stakeholders
involved. The Company must also provide the SET with a schedule
for implementing their decisions.

(4) After Thai-Denmark disseminates its decisions, the SET will
allow trading of these securities under the REHABCO category
from 7 April 2005 to 6 May 2005. This is to allow all
shareholders to trade the securities before further suspension
while the firm implement the Company's rehabilitation plans.

(5) The SET will post SP (suspension) signs to prohibit the
trading of Thai-Denmark from May 9, 2005 until the problems have
been solved.

The SET requests that all shareholders and general investors
study the firms' complete set of financial statements and follow
up the progress of their rehabilitation through the SET
information system.

CONTACT:

Thai-Denmark Swine Breeder Public Company Limited
Bangnathanee Building, Floor 17,
119/34 Bangna-Trad Road,Km.3
Bang Na Bangkok
Telephone: 0-2361-4041-9
Fax: 0-2361-4050





                            *********


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, 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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