TCRAP_Public/050816.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, August 16, 2005, Vol. 8, No. 161

                            Headlines

A U S T R A L I A

ASIA AUSTRALIA: Members Agree to Wind Up
BARRINGTON INVESTMENTS: Enters Voluntary Liquidation
BRISBANE & ADMINISTRATION: To Confirm Level of Debt
C.B.D. INFORMATION: Liquidator to Explain Wind Up Manner
CENTRAL CAR: Appoints Official Liquidator

CHRISTIANSZ, CONWAY: To Distribute Dividend to Creditors
DANISH RE: Members to Convene in Final Meeting
DOLOMITE ALPINE: Members Pass Winding Up Resolution
EG GREEN: Struggles to Avert Collapse
EVANS & TATE: IWI Dumps Substantial Stake

FORTESCUE METALS: Under Attack on Pilbara Native Title Deal
FOSTER'S WINE: Plans Rescue for Ailing Brand
HANSON BUILDING: Begins Winding Up
HOWQUA RIVER: Members Opt for Voluntary Liquidation
JAMES HARDIE: To Miss Asbestos Timetable

JAMES HARDIE: Faces Grilling Over Compensation, New CEO's Past
JAMES HARDIE: Denies Report it is Abandoning Australia
LICOBOST PTY: Members to Review Liquidator's Report
MAGMA ASSOCIATES: Schedules Final Meeting August 23
MULTIPLEX: Wembley Issues Continue to Haunt

N.C.R. & J.O.R.: Members Decide to Close Operations
NYLEX LIMITED: Alliance Snags New Contract
PARJO CONSULTANTS: Anthony Elkerton Named Liquidator
PARRY & MORE: Accountant Gets 10-year Jail Sentence
RL DAVIDSON: Enters Liquidation

STONELAKE HOLDINGS: Creditors Ratify Liquidator's Appointment
STREETWISE GROUP: ASIC Investigates Collapse
TRADE CORE: Set to Close Business
TURISMO ENTERPRISES: Members Decide to Wind Up Firm
UNIWAY PTY: Final Meeting Fixed August 22

VANQUIN PTY: Members to Receive Final Wind Up Report
WINECRAFT PTY: Liquidator to Explain Report at Final Meeting


C H I N A  &  H O N G  K O N G

CHINA SOUTHERN: To Oust Company Director
CO-WINNER ENTERPRISE: 1H/2005 Net Loss Shrinks to HK$2.3 Mln
FIVE TOWNS: Schedules Winding Up Hearing August 31
GUANGDONG KELON: To Hire Professional Firm to Evaluate Loss
GUANGDONG KELON: Three Directors Withdraw Resignations

HENCUS LIMITED: Winding Up Hearing Set September 7
HONGKONG KING: Court to Hear Wind-up Petition August 31
HUNG FUNG: Receives Bankruptcy Order
HUAXIA SECURITIES: Aims to Bring in Foreign Investor
INTERNATIONAL ENTERTAINMENT: Swings to HK$212,000 Profit

KAI FU: Enters Bankruptcy
MAK SHING: Court Issues Winding Up Order
MOULIN GLOBAL: Sells China Assets for HK$100 Mln
PCCW LIMITED: Denies Insider Trading Probe of Chairman
PO WING: Appoints Provisional Liquidators

PROSPERITY INTERNATIONAL: HKSE Orders Submission of Accounts
SATELLITE DEVICES: Clarifies Winding Up Report
SHARP MERIT: Names Provisional Liquidators
SILKMATE INDUSTRIES: Sets Creditors, Contributories Meeting
SO WISE: Begins Winding Up Process

SYSCAN TECHNOLOGY: Net Loss Swells to HK$25 Mln


I N D O N E S I A

ASEAN ACEH: Attracts Interest of Several Oil Firms
GARUDA INDONESIA: Seeks Government Aid to Turn Around
PERTAMINA: Introduces Eco-Friendly Fuel to Reduce Pollution
PERTAMINA: To Sell Unsubsidized Fuel if Subsidy Fails
PERUSAHAAN LISTRIK: Unit Closed for Repairs


J A P A N

JAPAN HIGHWAY: VP Indicted in Bid-rigging Scandal
KANEBO LIMITED: Kose May Bid With Nikko
KANEBO LIMITED: Revlon, Morgan Stanley to Enter Bids
NISHI NIHON: METI Suspends Renovator's Business
SNOW BRAND: Completes Liquidation Process

UFJ HOLDINGS: Delays Bank Merger Until January 1
UFJ HOLDINGS: Submits Progress Report on Revitalization Plan


K O R E A

HANARO TELECOM: To Undergo Major Overhaul Soon
HANARO TELECOM: Installs New Representative Director
SK NETWORKS: Ventures Into High Fashion Business


M A L A Y S I A

ANCOM BERHAD: Buys Back 255,700 Ordinary Shares
BELL & ORDER: Default in Payment Status Unchanged
CEPATWAWASAN GROUP: Given 6 Weeks to File Defense
DUOPHARMA BIOTECH: Issues Additional Shares for Listing
FABER GROUP: Bourse to List Additional Shares

GADANG HOLDINGS: Concludes Rights Issue
GEORGE TOWN: Denies Petitioner's Claim
GEORGE TOWN: Appeals Court Decision
HARVEST COURT: Submits Application for Corporate Exercise
HARVEST COURT: Enters 4th SPA with Wolclass

KRAMAT TIN: Complies with SC's Decision
LEBAR DAUN: Issues 3,000 New Ordinary Shares
MALAYSIA PACIFIC: Counters Wind Up Petition on Taman Bandar
MERCES HOLDINGS: Works Out Plan to Repay Debt
METROPLEX BERHAD: Court Adjourns Summary Judgment Hearing

KRETAM HOLDINGS: Disposal Proceeds Reach MYR2,385,450
PAN PACIFIC: Status of Payment Default Unchanged
POHMAY HOLDINGS: Court Grants 90-Day Restraining-Stay Order
PUNCAK NIAGA: Unveils Summons Served on Unit
SURIA CAPITAL: Court to Hear Appeal on October 20

SYARIKAT KAYU: Wraps Up Rights Issue
TELEKOM MALAYSIA: Bourse Lists 381,000 New Shares
UNITED CHEMICAL: Provides Bourse with Update on Payment Default


P H I L I P P I N E S

AL-AMANAH BANK: Government Moves to Revive Islamic Bank
HACIENDA LUISITA: Closure Threatens Sugar Supply
LEPANTO CONSOLIDATED: Refuses to Rehire 19 Workers
MANILA ELECTRIC: Unaware of SC's Rejection of Price Hike Bid
METRO PACIFIC: Unveils Results of ASM, Board Meeting

NATIONAL BANK: Union Bank Wins Initial Bidding
NATIONAL BANK: Stocks Drop After Auction
PAMINTUAN ENTERPRISES: Wins Court's Favor


S I N G A P O R E

BODUM PTE: Liquidator Sets Deadline for Claims Submission
HOWTECK ENGINEERING: Creditor Files Winding Up Petition
ID CONNECT.COM: Court Orders Winding Up
MYRIAD FORTE: Winding Up Process Initiated
SAKURA MERCHANT: Creditors Must Submit Debt Claims Next Month


T H A I L A N D

MANAGER MEDIA: Net Loss Shrinks to THB32,685,000
MANAGER MEDIA: SET Suspends Securities Trading
THAI AIRWAYS: Undergoes Management Restructuring
THAI WIRE: Releases 2Q Financial Statement
BOND PRICING: For the Week 15 August to 19 August 2005

     -  -  -  -  -  -  -  -

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

ASIA AUSTRALIA: Members Agree to Wind Up
----------------------------------------
Notice is hereby given that the following special resolution was
passed at a general meeting of members of Asia Australia
Financial Research Pty Limited held on July 4, 2005:

That the Company be wound up voluntarily.

Dated this 4th day of July 2005

Jennifer M. Hamley
Liquidator
Castle Corporate Services Pty Ltd
26 Ellingworth Parade, Box Hill
Phone: (03) 9898 6666


BARRINGTON INVESTMENTS: Enters Voluntary Liquidation
----------------------------------------------------
Notice is given that at a Meeting of Members of Barrington
Investments Pty Limited duly convened and held on July 4, 2005,
it was resolved that the Company be wound up voluntarily and
that G. A. Lopez and E. R. Verge be appointed Joint and Several
Liquidators of such winding up.

At a meeting of creditors also held on 4 July 2005, creditors
confirmed the appointment of Messrs. Lopez and Verge as Joint
and Several Liquidators.

Dated this 6th day of July 2005

Barrie Smedley
Director
Jones Condon Chartered Accountants
Colmel House, 241 Stirling Street
Perth WA 6000


BRISBANE & ADMINISTRATION: To Confirm Level of Debt
---------------------------------------------------
Administrators of Brisbane & Administration Services Pty
Limited, formerly Honeycombes Townsville Pty Ltd, confirmed the
collapsed firm had around 100 creditors, Townsville Bulletin
relates.

Gerry Collins of insolvency firm Horwath Brisbane said he was
unsure of the extent of the company's debts.

Mr. Collins said that the failed Company, which is a subsidiary
of Townsville developer Honeycombes Property Group (HPG), has
indicated putting up a deed of company arrangement to ensure the
creditors will be paid.

HPG reportedly pledged it would fund about AU$312,000 of
AU$493,000 being paid to creditors, despite not having the legal
liability to do so.

But Mr. Collins said there were debts admitted as owed and
claims for debts under question. He said there were a couple of
creditors that should not have been listed. An associated
company, owed a substantial amount of money, also had not been
included.

Mr. Collins said they had requested from the director of the
company, Peter Honeycombe, and his advisers information to give
administration staff a better idea of the company's position.

Brisbane Agency & Administration Services was placed in
voluntary administration on August 8. The company was the
builder of Townsville apartment projects including High Point
and Urban Quarter.

CONTACT:

Honeycombes Property Group

Townsville Office
131 Denham Street
TOWNVSVILLE QLD 4810
PO Box 342 Castletown
HYDE PARK QLD 4812
Phone: (07) 4779 9199
Fax: (07) 4760 2999
E-mail: office@honeycombes.com  

Brisbane Office
56 Little Edward Street
SPRING HILL QLD 4000
PO Box 605
SPRING HILL QLD 4003
Phone: (07) 3833 0833
Fax; (07) 3832 9700
E-mail: marnis@bris.honeycombes.com

Web site: http://www.honeycombesproperty.com.au/


C.B.D. INFORMATION: Liquidator to Explain Wind Up Manner
--------------------------------------------------------
Notice is given that the final meeting of the members C.B.D.
Information Technology Pty Limited will be held on Aug. 22,
2005, 10:00 a.m. at the offices of Deloitte Touche Tohmatsu,
Level 3, 225 George Street, Sydney.

AGENDA:

To lay before the meeting an account showing how the winding up
was conducted and the property of the Company disposed of, and
to give any explanation of the account.

Dated this 6th day of July 2005

P. G. Yates
Liquidator
c/o Deloitte Touche Tohmatsu
225 George Street, Sydney NSW 2000


CENTRAL CAR: Appoints Official Liquidator
-----------------------------------------
Notice is hereby given that at a meeting of creditors of Central
Car Radio (Vic) Pty Limited convened and held on July 6, 2005,
it was resolved that the Company be wound up and James Patrick
Downey of Cole Downey & Co., Chartered Accountants, Level 1, 22
William Street, Melbourne Vic 3000 was appointed Liquidator for
such purpose.

Dated this 6th day of July 2005

J. P. Downey
Liquidator
Cole Downey & Co.
Chartered Accountants
Level 1, 22 William Street
Melbourne Vic 3000


CHRISTIANSZ, CONWAY: To Distribute Dividend to Creditors
--------------------------------------------------------
Christiansz, Conway & Co. Pty Limited will declare a first and
final dividend on Aug. 26, 2005.

Creditors whose debts or claims have not already been admitted
are required on or before Aug. 24, 2005 to formally prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Creditors are advised that they are required to provide
documentary evidence to substantiate their debt or claim.

Dated this 6th day of July 2005

Peter Goodin
Liquidator
Brooke Bird & Co. Chartered Accountants
471 Riversdale Road, Hawthorn East Vic 3123
Phone: 9882 6666


DANISH RE: Members to Convene in Final Meeting
----------------------------------------------
Notice is hereby given that the final meeting of members of
Danish Re (Australia) Pty Limited will be held on Aug. 22, 2005,
10:00 a.m. at the offices of Edwards & Co., Suite 10, Level 2,
32 Florence Street, Hornsby, to lay before the meeting the
liquidators' final account and report, and to give any
explanation thereof.

Dated this 12th day of July 2005

Sidney A. Edwards
Trevor C. Edwards
Joint and Several Liquidators
Suite 10, Level 2, 32 Florence Street
Hornsby NSW 2077


DOLOMITE ALPINE: Members Pass Winding Up Resolution
---------------------------------------------------
Notice is hereby given that at a general meeting of members of
Dolomite Alpine Ski Club Pty Limited held on July 5, 2005, it
was resolved that the Company be wound up voluntarily, and that
Peter Goodin, Chartered Accountant, of Brooke Bird & Co.
Chartered Accountants, 471 Riversdale Road, East Hawthorn, 3123,
be appointed Liquidator for the winding up.

Peter Goodin
Liquidator
Brooke Bird & Co. Chartered Accountants
471 Riversdale Road, East Hawthorn 3123
Phone: 9882 6666


EG GREEN: Struggles to Avert Collapse
-------------------------------------
EG Green and Sons admitted it was on the brink of collapse,
endangering the jobs of 750 employees, The West Australia
reports.

The veteran beef processor, which owns the famous Harvey Beef
brand, surprised the market by shutting down its abattoir at
Harvey for to weeks to "allow a complete operational and
financial overview" of the business.

EG Green processes 175,000 cattle a year at its Harvey plant,
150km south of Perth. It accounts for about 90 percent of WA's
beef production and virtually all its beef exports.

Meanwhile, the firm's main banker National Australia Bank (NAB)
has reportedly given the firm until this week to present a
survival plan or go under external administrator.

Rumors abound that the Company is in deep trouble, with reports
farmers who had sold cattle directly to the Company had not been
able to cash checks.

Livestock agents like AWB Landmark and Elders, which guarantee
to pay farmers who sell stock through them, were also understood
to have stopped providing credit.

EG Green Executive Chairman Mark Hughes, who was appointed a
year ago as part of a major restructuring of the company, left
last week.

EG Green's directors said they were aware the decision to
suspend operations could be interpreted as the end, but that was
not the intention. They explained the suspension is intended to
give time to implement a strategic review of all aspects of the
business.

The collapse of the 86-year-old Company would mark the end of
West Australia's oldest family companies.

CONTACT:

EG Green and Sons
Hamilton Hill Office
16 Emplacement Crescent
Hamilton Hill WA 6163
Ph: 08 9433 2000
Fax: 08 9433 2122
Freecall: 1800 017 345
Email: sales@harveybeef.com.au

Harvey Plant
7th Street
Harvey WA 6220
Ph: 08 9729 0000
Fax: 08 9729 1810

Web site: http://www.harveybeef.com.au


EVANS & TATE: IWI Dumps Substantial Stake
-----------------------------------------
The International Wine Investment Fund (IWI) has ceased to be a
substantial shareholder in ailing Western Australian winemaker
Evans & Tate, according to The Advertiser.

The Adelaide-based wine industry investor held 9 percent of the
company but sold 1.17 million shares worth US$1.03 million last
week.

Shares in Evans & Tate slumped from 70cents to 31cents between
June 21 and June 27.

CONTACT:

Evans & Tate
54 Salvado Road,
Wembley WA 6014
PO Box 451
Wembley WA 6913
Telephone: (08) 6462 1799
Facsimile: (08) 6462 1798
E-mail: et@evansandtate.com.au
Web site: http://www.evansandtate.com.au/  


FORTESCUE METALS: Under Attack on Pilbara Native Title Deal
-----------------------------------------------------------
An essential native title agreement over Fortescue Metals
Group's AU$1.95-billion Pilbara iron project collapsed under
confusion, only hours after it was announced on Friday, The
Australian reports.

Fortescue, a firm owned by mining entrepreneur Andrew Forrest,
was bombarded with accusations of intimidation and
unconscionable conduct.

On Wednesday last week, six native title claimants representing
the Nyiyaparli people of the isolated Pilbara region of Western
Australia signed the deal in Fortescue's Perth offices without
any legal representation.

But on Friday, the elders claimed they had not fully understood
the agreement and had felt pressured to sign. They have now
instructed their lawyer, the Pilbara Native Title Service
(PNTS), to have it voided.

Nyiyaparli elder Raymond Drage, chairman of the group and one of
the signatories, said Fortescue had undertaken to pay the
community AU$400,000 immediately on signing. He claimed that
when the elders said they wanted to seek legal advice, Fortescue
chief negotiator Harry Adams had complained that there had
already been many delays and that Fortescue could take the
matter to the National Native Title Tribunal for arbitration.

But Mr. Forrest rejected any suggestion of misconduct. He said
he felt insulted by the "extraordinary" accusations since his
family had relations with the Nyiyaparli going back a
generation.

Mr. Forrest said the Nyiyaparli people had contacted Fortescue
directly to make an agreement after becoming frustrated with
PNTS, which he accused of having a self-serving agenda.

He claimed that Wednesday's agreement was a better deal for the
Nyiyaparli people than the one previously under negotiation
through PNTS.

PNTS has now written to Fortescue demanding that it not attempt
to contact the elders except through it.

CONTACT:

Fortescue Metals Group Limited
Fortescue House
50 Kings Park Road
WEST PERTH
WESTERN AUSTRALIA WA 6005
Phone: +61 8 9266 0111
Fax: +61 8 9266 0188
E-mail: fmgl@fmgl.com.au
Web site: http://www.fmgl.com.au/


FOSTER'S WINE: Plans Rescue for Ailing Brand
--------------------------------------------
Foster's Wine Estates is committed to revitalize its troubled
Rosemount brand, according to The Advertiser.

The winemaker said a turnaround of its struggling flagship label
could take a couple of years. But the Company has set its eyes
on the rescue of Rosemount, which has boasted almost five
percent share of the Australian wine market only two years ago.

However, Southcorp was forced to write down in 2003 AU$240
million of its value after the brand's market share slipped to
under three percent.

Randolph Bowen, Foster's Wine Estate's senior vice-president of
global supply chain, said the company had lost priority and
focus on Rosemount. He said a "Rosemount Summit" held last month
had assessed the brand and where it should go.

"Over the next three months we have to develop the plan as to
how we are going to structure Rosemount moving forward."

But Mr. Bowen warned that brand turnarounds could take a couple
of years.

"They are not instant fixes. It was one of the great iconic
brands of Australia and was one of the ones that led Australia
in the overseas markets."

CONTACT:

Foster's Wine Estates
77 Southbank Boulevard
Southbank, Victoria 3006
Australia
Telephone: +61 3 8626 3300
Fax: +61 3 8626 3450
Web site: http://www.fosters.com.au/


HANSON BUILDING: Begins Winding Up
----------------------------------
Notice is hereby given that at an Extraordinary General Meeting
of members of Hanson Building Products (Tas) Pty Limited held on
July 3, 2005, it was resolved that the Company be wound up
voluntarily, and that for such purpose Ross Edward Cooke,
Chartered Accountant, of Ross Cooke & Co., 8 Brunel Street, East
Malvern, Vic. 3145, be appointed liquidator.

Dated this 4th day of July 2005

Ross Edward Cooke
ROSS EDWARD COOKE
c/o Ross Cooke & Co.
8 Brunel Street, East Malvern Vic 3145


HOWQUA RIVER: Members Opt for Voluntary Liquidation
---------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Howqua River Road Investments Pty Limited held
on July 1, 2005, it was resolved that the Company would be wound
up voluntarily and that Andrew Stewart Reed Hewitt of Grant
Thornton be appointed liquidator for the winding up.

Dated this 4th day of July 2005

Andrew S. R. Hewitt
Liquidator
Grant Thornton
Rialto Towers, Level 35
South Tower, 525 Collins Street
Melbourne Vic 3000


JAMES HARDIE: To Miss Asbestos Timetable
----------------------------------------
James Hardie Chairman Meredith Hellicar announced the Company
will miss this month's deadline for finalizing agreement with
the New South Wales (NSW) government on funding of its AU$1.68-
billion liabilities.

The Australian Financial Review reported that the delay gas
prompted the building products manufacturer to postpone plans to
give directors a pay rise and make new board appointments.

James Hardie and the government had earlier agreed to timetable
of late July to early August for a final agreement in May.

Ms. Hellicar admitted the Company is still working to have the
deal finalized.

That's the trouble with negotiations; it's always dangerous to
deliver a deadline," she said.

CONTACT:

Investor and Analyst Inquiries:

Steve Ashe
Vice President, Investor Relations
Telephone: 61 2 8247 5246
Mobile: 0408 164 011
E-mail: steve.ashe@jameshardie.com.au
Media Inquiries:

James Richards
Telephone: 61 2 8274 5304
Mobile: 0419 731 371
Facsimile: 61 2 8274 5218
E-mail: media@jameshardie.com.au
Web site: http://jameshardie.com


JAMES HARDIE: Faces Grilling Over Compensation, New CEO's Past
--------------------------------------------------------------
James Hardie Industries' annual shareholders' meeting on Friday
is expected to be stormy, The Australia reveals.

Shareholders are expected to grill the firm on its failure to
finalize an AU$1.7-billion asbestos compensation package and
mystery over why its new chief executive officer (CEO) was
ousted by his only previous employer.

The embattled building products manufacturer will announce its
"upbeat" first-quarter results on Friday. But disgruntled unions
and asbestos victim groups are likely to use the meeting to
query chairwoman Meredith Hellicar on several unresolved
matters.

One may be the refusal of Hardie CEO Louis Gries to reveal why
he lost his job at another former asbestos producer, United
States Gypsum.

Hardie is asking shareholders to approve Mr. Gries' appointment
to the managing board, and grant him 1 million share options.

In February, Mr. Gries, an American, admitted USG had sacked
him, but he has refused calls from unionists, business leaders,
shareholder activists and corporate law experts to reveal the
reason.

James Hardie started off as an Australian company more than a
century ago, and although its main market is now the U.S. and
its corporate seat is in Amsterdam, its share register is still
overwhelmingly Australian.

In part because Hardie had a wide employee share plan, unions
and asbestos victim groups are in a position to place several
members in the information meeting to ask questions, as they did
last year.


JAMES HARDIE: Denies Report it is Abandoning Australia
------------------------------------------------------
James Hardie Industries said speculation it was considering
abandoning Australia rather than paying AU$1.7 billion to
asbestos victims is "untrue and unsupported".

The company told The Australian the report was unjustified and
has caused unnecessary concern for compensation claimants.

On Friday last week, The Australian reported that a source close
to the New South Wales Government claimed the James Hardie board
was split over staying or leaving Australia.

A faction dominated by American board members wants to ditch the
non-binding compensation deal it signed last year and leave
Australia.

But James Hardie stressed it is continuing negotiations with the
NSW Government to achieve a long-term compensation arrangement
in the best interests of claimants and the future growth of the
Company.

Australia now only accounts for a small proportion of the
company's US-dominated profits and makes up about 600 of the
companies 3,000 employees.

Several years ago James Hardie moved its operational
headquarters to California and has transferred its official
corporate seat from Sydney to The Netherlands for tax purposes.


LICOBOST PTY: Members to Review Liquidator's Report
---------------------------------------------------
Notice is given that a final meeting of the members of Licobost
Pty Limited will be held on August 22, 2005, 10:30 a.m. at
INPACT McDonald Carter, Level 6, 31 Queen Street, Melbourne,
Victoria for the following reasons:

To lay before the meeting a final account of the Liquidator's
acts and dealings and the conduct of the winding up.

Dated this 19th day of July 2005

A. D. Cran
Liquidator
INPACT McDonald Carter
Level 6, 31 Queen Street
Melbourne Vic 3000
Phone: 8613 8888
Fax:   8613 8800


MAGMA ASSOCIATES: Schedules Final Meeting August 23
---------------------------------------------------
Notice is hereby given that a final meeting of members and
creditors of Magma Associates Pty Limited will be held on Aug.
23, 2005, 10:00 a.m. at 31 Kimberley Avenue Lane Cove NSW, for
the purposes of laying before the meeting an account of the
Liquidator's acts and dealings and the conduct of the winding
up.

Dated this 6th day of July 2005

G. Sneddon
Liquidator
31 Kimberley Avenue
Lane Cove NSW 2066


MULTIPLEX: Wembley Issues Continue to Haunt
-------------------------------------------
Problems with London's Wembley Stadium project are expected to
haunt building company Multiplex, which has forecast a AU$150
million annual profit in results due on Thursday.

The Australian said investors are still concerned of Multiplex
after it slashed its profit forecasts due to delays and cost
blowouts at its AU$1.2 billion reconstruction of London's iconic
Wembley Stadium.

Shares in Multiplex have plunged since February as the Wembley
problems were revealed and the group downgraded its guidance for
the year to June 30, 2005.

The group now expects net profit to come in at AU$170 million,
excluding the impact of stapling eliminations. However, it has
said that could be up to AU$20 million lower if two sales came
in after the balance date.

Analysts expect Multiplex will deliver pretty much in line with
the AU$150 million guidance when it announces its results on
Thursday. But analysts are frustrated with the lack of
explanation for the guidance for the current year for net profit
of AU$200 million to AU$215 million.

CONTACT:

Multiplex Group
Level 4, 1 Kent Street,
SYDNEY, NSW, AUSTRALIA, 2000
Telephone: (02) 9256 5000
Fax: (02) 9256 5001
Web site: http://www.multiplex.com.au


N.C.R. & J.O.R.: Members Decide to Close Operations
---------------------------------------------------
Notice is hereby given that at an Extraordinary General
Meeting of N.C.R. & J.O.R. (Holdings) Pty Limited held on July
4, 2005, it was resolved that the Company be wound up
voluntarily. Helen Christensen of Howard & Christensen Chartered
Accountants, 550 Smollett Street, Albury, NSW 2640 was appointed
liquidator.

Dated this 5th day of July 2005

Helen Christensen
Chartered Accountant
550 Smollett Street, Albury NSW 2640


NYLEX LIMITED: Alliance Snags New Contract
------------------------------------------
The strategic alliance between Nylex Limited and Fieldfroce
Services Pty Ltd (a Division of UXC Limited) was established in
April to provide a comprehensive range of products and services
in a number of retro-fit contracts being instituted by water
companies and State Governments across Australia.

The strategic alliance provides that Nylex products will be used
by Fieldforce Services Pty Ltd in the provision of tota; water
conservation solution packages for domestic households, schools
and other commercial groups.

Contracts have already been secured by Fieldforce and Nylex with
Gold Coast Water, Hunter Water and Actew/AGL.

The latest project to be developed by Fieldforce and Nylex is a
$20 million contract for the Sydney Water Corporation
Residential Water Efficiency Retrofit Program to provide water
conservation services to up to 230,000 households across the
city o0ver the next two years, with a further one-year option.
Whilst Nylex products would account for approximately $1.5
million of this contract, it provides considerable exposure for
Nylex's broader range of products for future opportunities.

The contract involves Fieldforce conducting water audits and
installing Nylex's extensive range of water saving devices in up
to 400 Sydney households each day. The Sydney Water program
allows annual savings of up to $100 on the water ans energy
bills of the average household.

As part of its water strategy, Nylex has appointed experienced
retail executive and consultant, Mr. Sean Ralphsmith, to the
position of Executive General Manger Water Solutions.

Nylex's domestic products include a range of water conservation
devices, not only including water tanks, but water recycling
systems, flow controls, underground tanks, rainwater diverters
and pumps to complement the Gardena and Nylex products already
on the market, including drip irrigation systems, timers and
pool covers.

Results to June 30, 2005

The full year results of Nylex Limited will be announced in
September. Operating earnings will be in the range previously
advised to the ASX.

CONTACT:

Nylex Limited
Level 2/ 564 St Kilda Rd
Melbourne 3004
Phone:
Phone: (03) 9533 9333
Fax: (03) 9533 9388
Web site: http://www.nylexlimited.com.au
E-mail: contactus@nylexlimited.com.au


PARJO CONSULTANTS: Anthony Elkerton Named Liquidator
----------------------------------------------------
Notice is hereby given that at a general meeting of members of
Parjo Consultants Pty Limited held on July 6, 2005, it was
resolved that the Company be wound up voluntarily and that for
such purpose, Anthony Wayne Elkerton, Chartered Accountant of
William Buck Chartered Accountants, Level 24, 201 Elizabeth
Street, Sydney, NSW, 2000 be appointed Liquidator.

Dated this 7th day of July 2005

Anthony W. Elkerton
Liquidator
William Buvk Chartered Accountants
Level 24, 201 Elizabeth Street
Sydney NSW 2000


PARRY & MORE: Accountant Gets 10-year Jail Sentence
---------------------------------------------------
Commissioner of the Australian Securities and Investments
Commission (ASIC), Professor Berna Collier noted today that Ms
Elizabeth Heather Parry had been jailed for 10 years in the
Cairns District Court following a joint investigation by the
Queensland Police Service and ASIC.

Ms Parry pleaded guilty to fraud charges. She will be eligible
for parole after serving four years.

The Court was told Ms Parry operated a Cairns-based accounting
practice, trading as Parry & More Accountants. From 1997 to
October 2003, Ms Parry obtained approximately $6 million in
loans from private investors who were guaranteed returns in the
range of nine to 15 per cent per annum. Many investors entered
into these unsecured loans by way of promissory notes and deeds.
Ms Parry then used the funds for her own purposes.

"This outcome sends a very strong message that people who misuse
investors funds will be punished," Professor Collier said.

"ASIC will act against those who seek to misrepresent
information and deliberately mislead and deceive investors for
their own personal gain," Professor Collier said.

The matter was prosecuted by the Queensland Director of Public
Prosecutions.

Background

The criminal charges follow civil action taken by ASIC in 30
June 2004, where orders were obtained in the Supreme Court of
Queensland in Cairns appointing a liquidator to the unregistered
managed investment schemes operated by Parry & More Accountants,
Cairns Management Accountants Pty Ltd, CMA Investments Qld. Pty
Ltd and D.G.M.G.E. Pty Ltd.

The Court also ordered that the liquidator continue his
appointment as receiver of the personal assets of Ms Parry


RL DAVIDSON: Enters Liquidation
-------------------------------
Notice is hereby given that at a general meeting of members of
RL Davidson Pty Limited held on July 6, 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 for the winding
up.

Dated this 6th day of July 2005

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


STONELAKE HOLDINGS: Creditors Ratify Liquidator's Appointment
-------------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Stonelake Holdings Pty Limited held on July 4,
2005, it was resolved that the Company be wound up voluntarily
and that for such purpose, Kimberley Andrew Strickland and
Christopher Michael Williamson of SimsPartners, Level 12, 40 St
George's Terrace, Perth WA 6000 be appointed Joint and Several
Voluntary Liquidators. At a meeting of creditors held on the
same day, the liquidators' appointment was ratified.

Dated this 7th day of July 2005

C. M. Williamson
Liquidator
SimsPartners
Level 12, 40 St George's Terrace
Perth WA 6000


STREETWISE GROUP: ASIC Investigates Collapse
--------------------------------------------
The Australian Securities and Investments Commission is
investigating the collapse of the Streetwise group of companies
and its director Mr. Kovelan Bangaru.

Last Friday, following confirmation that Mr Bangaru and his wife
had left Australia, ASIC made an urgent ex parte application in
the Supreme Court of New South Wales and obtained orders
preventing Mr Bangaru, his wife Mrs Shamendree Bangaru and Mr
Trevor Downs, one of Mr Bangaru's business associates, from
transferring money or property out of Australia.

ASIC also obtained the same orders against other companies
associated with Mr Bangaru namely Colosseum Investments Pty Ltd,
Colosseum Motor Holdings Pty Ltd, Streetwise Property
Investments & Developments Pty Ltd, Kelege Pty Ltd and Equity
Investments Pty Ltd.

ASIC also obtained orders preventing Mr Downs from leaving
Australia and requiring him to provide his passport to the court
within one business day.

This matter returns to court on Wednesday 17 August 2005 when
ASIC will be seeking a continuation of these orders and the
winding up of companies in the Streetwise group.

ASIC's investigation is ongoing.


TRADE CORE: Set to Close Business
---------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Trade Core Enterprises 21st Century Market Place
Pty Limited held on July 5, 2005, it was resolved that the
Company be wound up voluntarily and at a meeting of creditors
held on the same day, it was resolved that for such purpose,
Loke Ching Wong and William Bernard Abeyratne of Harrisons
Insolvency, Level 1, 49-51 Stead Street, South Melbourne be
appointed joint and several liquidators.

Dated this 5th day of July 2005

William B. Abeyratne
Loke Ching Wong
Joint and Several Liquidators
c/o Harrisons Insolvency
Level 1, 49-51 Stead Street
South Melbourne Vic 3205
Phone: 9696 2885


TURISMO ENTERPRISES: Members Decide to Wind Up Firm
---------------------------------------------------
Notice is hereby given that at a meeting of members of Turismo
Enterprises Pty Limited held on July 4, 2005, it was resolved
that the Company be wound up voluntarily, and that Nicholas
Crouch of Crouch Insolvency Chartered Accountants, Level 5, 82
Elizabeth Street, Sydney NSW 2000 be appointed Liquidator for
such purpose.

Dated this 4th day of July 2005

Nicholas Crouch
Liquidator
Crouch Insolvency Chartered Accountants
Level 5, 82 Elizabeth Street
Sydney NSW 2000


UNIWAY PTY: Final Meeting Fixed August 22
-----------------------------------------
Notice is given that a final meeting of the members of Uniway
Pty Limited will be held on Aug. 22, 2005, 3:00 p.m. at the
offices of KordaMentha, Level 11, 37 St. Georges Terrace,
Perth, Western Australia for the following reasons:

AGENDA:
(1) To receive the Liquidator's final account of acts and
dealings and the conduct of the winding up, and to hear any
explanations thereof.

(2) To consider any other matters which may properly be brought
before the meeting.

Dated this 6th day of July 2005

Oren Zohar
Liquidator
KordaMentha
Level 11, 37 St. Georges Terrace
Perth, Western Australia
Phone: (08) 9221 6999


VANQUIN PTY: Members to Receive Final Wind Up Report
----------------------------------------------------
Notice is hereby given that a final meeting of the Members and
Creditors of Vanquin Pty Limited will be held on Aug. 22, 2005,
10:00 a.m. at Hall Chadwick Level 29, 31 Market Street, Sydney
NSW.

BUSINESS:

(1) To receive a report from the Liquidator, being an account of
his acts and dealings and of the conduct of the winding up
during the liquidation period, ending on Aug. 22, 2005.

(2) That the Liquidator be empowered to destroy all books and
records of the Company on completion of all duties.

(3) Any other business.

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


WINECRAFT PTY: Liquidator to Explain Report at Final Meeting
------------------------------------------------------------
Notice is hereby given that the final meeting of members of
Winecraft Pty Limited will be held on Aug. 23, 2005, 9:30 a.m.
at the offices of RSM Bird Cameron Partners, Level 1, 103-105
Northbourne Avenue, Turner ACT 2612, to lay before the meeting
the liquidator's final account and report, and to give an
explanation thereof.

Dated this 8th day of July 2005

Frank Lo Pilato
Liquidator
RSM Bird Cameron Partners
Level 1, 103-105 Northbourne Avenue
Turner ACT 2612
Phone: (02) 6247 5988
Fax:   (02) 6247 3703


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

CHINA SOUTHERN: To Oust Company Director
----------------------------------------
The Board of Directors of China Southern Airlines Company
Limited announced that pursuant to article 134 of the articles
of association of the Company, the Board considered and approved
by way of written resolution the following resolutions:

a. The proposed removal of Mr. Peng An Fa as a director of the
Company, in accordance with the relevant rules and regulations,
due to his arrest by the relevant authority of the People's
Republic of China in connection with allegations of unlawful
acts by Mr. Peng An Fa himself; and

b. The proposed submission to the shareholders of the Company to
consider and approve, in accordance with the relevant rules and
regulations, at the next general meeting of the shareholders of
the Company the proposed removal of Mr. Peng An Fa as a director
of the Company.

All 14 directors of the Company entitled to participate have
participated in considering and approving the written
resolutions. The format and procedure for passing the
resolutions was in accordance with the Company Law of the
People's Republic of China and the Company's articles of
association.

The alleged unlawful acts of Mr. Peng An Fa were his own
personal acts, which are unrelated to the Company and do not
materially affect the business and operations of the Company.

CONTACT:

Mr. Jeff Ruffolo Manager
Public Relations Office 1 -909 -734 -6141
Cellular: 1-949-278-6440
Fax: 1 -909 -734 -6144
E-Mail: RuffoloPR@aol.com
Web site: www.cs-air.com/en


CO-WINNER ENTERPRISE: 1H/2005 Net Loss Shrinks to HK$2.3 Mln
------------------------------------------------------------
Co-winner Enterprise Limited (8108) reported a net loss of
HK$2.306 million for the first half of 2005, versus a net loss
of HK$2.692 million a year earlier, Infocast News reports.

Loss per share (LPS) was $0.023. No second quarter dividend was
declared.

The Group is principally engaged in the sale of proprietary ERP
software package, accounting and data application systems,
provision of IT consultancy services, customized software
development services, and computer system integration and system
deployment.  

CONTACT:

Co-Winner Enterprise Limited
Room 4202, Far East Finance Centre
16 Harcourt Road, Admiralty
Hong Kong  
Phone: 23954838  
Fax: 23092948  
Web site: http://www.grandmass.com.hk


FIVE TOWNS: Schedules Winding Up Hearing August 31
--------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Five Towns Development Company Limited by the High Court of Hong
Kong Special Administrative Region was on June 29, 2005
presented to the said Court by Bank of China (Hong Kong) Limited
(the successor banking corporation to Kincheng Banking
Corporation pursuant to Bank of China (Hong Kong) Limited
(Merger) Ordinance (Cap.1167) 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 a.m.
on August 31, 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.

TSANG, CHAN & WONG
Solicitors for the Petitioner
16/F., Wing On House
No. 71 Des Voeux Road Central
Central, Hong Kong

Note:

Any person who intends to appear at the hearing of the said
petition must serve on or send by post to the 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 August 30, 2005.


GUANGDONG KELON: To Hire Professional Firm to Evaluate Loss
-----------------------------------------------------------
The Board of Directors of Guangdong Kelon Electrical Holdings
Company Limited dispatched notice of board meeting to all
directors of the Company by fax, by telephone and by mail on
August 2, 2005 in respect of a board meeting proposed to be held
on August 12, 2005 at 10 a.m. at the Company's headquarters.

Out of the nine Directors, six Directors including executive
Directors, Mr. Liu Cong Meng, Mr. Li Zhen Hua and independent
non-executive Directors, Mr. Chan Pei Cheong, Andy, Mr. Li Kung
Man and Mr. Xu Xiao Lu attended the meeting in person while
executive Director, Mr. Fang Zhi Guo attended the meeting by
telephone.

The meeting was chaired by the Company's Vice Chairman, Mr. Liu
Cong Meng and was convened in accordance with the Company Law of
the People's Republic of China (the PRC) and the articles of
association of the Company. The following matters were
considered:

(1) As disclosed in the Company's announcement dated 1st August,
the Company's chairman, Mr. Gu Chu Jun (Mr. Gu) has been
formally investigated by the PRC police department and is
subject to procedures adopted by the PRC police department in
connection with criminal offences, for alleged economic crime.
As such, Mr. Gu is not in a position to properly fulfill his
duties as chairman of the Company. In order to maintain the
Company's production and operation, in accordance with the
Company Law of the PRC and the articles of association of the
Company and CSRC related documents, the Board of Directors has
resolved to remove Mr. Gu as chairman of the Company. In the
interim, Mr. Liu will be responsible for the duties of the
Company's chairman.

There were six votes in favor of the above resolution with nil
vote against or abstain.

(2) It was resolved that a professional body be appointed to
assess the impact and loss suffered by the Company as a result
of Mr. Gu and others alleged economic crime which has caused the
Company to breach certain securities law of the PRC. The
Company's president will formulate a resolution proposal taking
into account the results of such investigation and assessment.

There were six votes in favor of the above resolution with nil
vote against or abstain.

(3) It was resolved that the Company's president raised the
operation and management proposal of the Company in emergency
situation.

There were six votes in favor of the above resolution with nil
vote against or abstain.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS

Reference is made to the announcement of the Company dated June
28, 2005 in relation to the resignation of the Company's three
independent non-executive Directors. On August 12, 2005, the
Company received declarations from its three independent non-
executive Directors, Mr. Chan Pei Cheong, Andy, Mr. Li Kung Man
and Mr. Xu Xiao Lu withdrawing and amending their resignation.

The principal text of the declaration by Mr. Li Kung Man and Mr.
Xu Xiao Lu as translated into English is as follows:

"I am an independent non-executive director of Guangdong Kelon
Electrical Holdings Company Limited. Due to the violation of
laws and regulations during the operation and management process
by Mr. Gu Chu Jun and others, I have not been able to properly
fulfill my duties as an independent non-executive director. As
Mr. Gu and others have now been formally investigated by the PRC
police department and are subject to procedures adopted by the
PRC police department in connection with criminal offences for
alleged economic crime, the reason for my resignation is
removed. Owing to my responsibilities to the Company, I am
willing to work with the Company together in this difficult
situation and withdraw my resignation and supplemental
information thereof submitted to the Company on 24th and 28th
June, 2005 respectively, and continue to act as an independent
non-executive director of the Company."

The following is the principal text of the declaration by Mr.
Chan Pei Cheong as translated into English: "I am an independent
non-executive director of Guangdong Kelon Electrical Holdings
Company Limited. Due to the violation of laws and regulations
during the operation and management process by Mr. Gu Chu Jun
and others, I have not been able to properly fulfill my duties
as an independent non-executive director. As Mr. Gu and others
have now been formally investigated by the PRC police department
and are subject to procedures adopted by the PRC police
department in connection with criminal offences for alleged
economic crime, the reason for my resignation is removed. Owing
to my responsibilities to the Company, I am willing to work with
the Company together in this difficult situation and amend my
resignation letter and supplemental information thereof
submitted to the Company on 24th and 28th June, 2005
respectively and change the effective time of my resignation
from 23rd August, 2005 to 23rd November, 2005. After 23rd
November, 2005, I shall not be responsible for the duties of the
Company's independent non-executive director."

The Company has been advised by its PRC legal advisers that the
withdrawal and amendment of the resignations above are in
accordance with relevant laws of the PRC and the articles of
association of the Company.

2005 INTERIM RESULTS

The Company noted certain matters, which arose during the
investigation by the CSRC from April 5, 2005. In order to truly,
accurately and completely disclose the Company's 2005 interim
results, the Company is now conducting investigation into such
matters. This has caused the Company not being able to meet the
original time to release the 2005 interim results on 22, 2005 as
previously communicated to the Shenzhen Stock Exchange. The
Company now expects to issue its 2005 interim results on August
31, 2005.

At the request of the Company, trading in shares of the Company
was suspended with effect from 10:00 a.m. on June 16, 2005
pending the release of an announcement in relation to price
sensitive information. Subject to the publication of an
announcement in relation to the financial, production and
trading position of the Group, trading in shares of the Company
will remain suspended until further notice.

By order of the Board of
Guangdong Kelon Electrical Holdings Company Limited
Liu Cong Meng
Vice Chairman

As disclosed in the Company's announcements dated 1st, 4th and
8th August, 2005, Mr. Gu and Mr. Yan You Song (Mr. Yan) are
being formally investigated by the PRC police department and are
subject to procedures adopted by the PRC police department in
connection with criminal offences. Neither of them can be
contacted as at the date hereof. The Company is not aware of
whether Mr. Zhang Hong (Mr. Zhang) is also currently subject to
the same procedures, but the Company is unable to contact him.

As such, Mr. Gu, Mr. Yan and Mr. Zhang Hong do not accept
responsibility for the contents of this Announcement.

Foshan City, Guangdong, the PRC, 12th August, 2005

CONTACT:

Guangdong Kelon Electrical Holdings Company Limited
2502-2505 Harbour Center
25 Harbour Road
Wanchai, Hong Kong
Phone: 25110363
Fax: 28023434
Web site: http://www.kelon.com


GUANGDONG KELON: Three Directors Withdraw Resignations
------------------------------------------------------
The Board of Directors of Guangdong Kelon Electrical Holdings
Company Limited dispatched notice of board meeting to all
directors of the Company by fax, by telephone and by mail on
August 2, 2005 in respect of a board meeting proposed to be held
on August 12, 2005 at 10 a.m. at the Company's headquarters.

Out of the nine Directors, six Directors including executive
Directors, Mr. Liu Cong Meng, Mr. Li Zhen Hua and independent
non-executive Directors, Mr. Chan Pei Cheong, Andy, Mr. Li Kung
Man and Mr. Xu Xiao Lu attended the meeting in person while
executive Director, Mr. Fang Zhi Guo attended the meeting by
telephone.

The meeting was chaired by the Company's Vice Chairman, Mr. Liu
Cong Meng and was convened in accordance with the Company Law of
the People's Republic of China (the "PRC") and the articles of
association of the Company. The following matters were
considered:

(1) As disclosed in the Company's announcement dated 1st August,
the Company's chairman, Mr. Gu Chu Jun has been formally
investigated by the PRC police department and is subject to
procedures adopted by the PRC police department in connection
with criminal offences, for alleged economic crime. As such, Mr.
Gu is not in a position to properly fulfill his duties as
chairman of the Company. In order to maintain the Company's
production and operation, in accordance with the
Company Law of the PRC and the articles of association of the
Company and CSRC related documents; the Board of Directors has
resolved to remove Mr. Gu as chairman of the Company. In the
interim, Mr. Liu will be responsible for the duties of the
Company's chairman. There were six votes in favour of the above
resolution with nil vote against or abstain.

(2) It was resolved that a professional body be appointed to
assess the impact and loss suffered by the Company as a result
of Mr. Gu and others alleged economic crime which has caused the
Company to breach certain securities law of the PRC. The
Company's president will formulate a resolution proposal taking
into account the results of such investigation and assessment.

There were six votes in favour of the above resolution with nil
vote against or abstain.

(3) It was resolved that the Company's president raised the
operation and management proposal of the Company in emergency
situation.

There were six votes in favour of the above resolution with nil
vote against or abstain.

RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTORS

Reference is made to the announcement of the Company dated June
28, 2005 in relation to the resignation of the Company's three
independent non-executive Directors.

On August 12, 2005, the Company received declarations from its
three independent non-executive Directors, Mr. Chan Pei Cheong,
Andy, Mr. Li Kung Man and Mr. Xu Xiao Lu withdrawing and
amending their resignation.

The principal text of the declaration by Mr. Li Kung Man and Mr.
Xu Xiao Lu as translated into English is as follows:

"I am an independent non-executive director of Guangdong Kelon
Electrical Holdings Company Limited. Due to the violation of
laws and regulations during the operation and management process
by Mr. Gu Chu Jun and others, I have not been able to properly
fulfill my duties as an independent non-executive director. As
Mr. Gu and others have now been formally investigated by the PRC
police department and are subject to procedures adopted by the
PRC police department in connection with criminal offences for
alleged economic crime, the reason for my resignation is
removed.

Owing to my responsibilities to the Company, I am willing to
work with the Company together in this difficult situation and
withdraw my resignation and supplemental information thereof
submitted to the Company on 24th and June 18, 2005 respectively,
and continue to act as an independent non-executive director of
the Company."

The following is the principal text of the declaration by Mr.
Chan Pei Cheong as translated into English:

"I am an independent non-executive director of Guangdong Kelon
Electrical Holdings Company Limited. Due to the violation of
laws and regulations during the operation and management process
by Mr. Gu Chu Jun and others, I have not been able to properly
fulfill my duties as an independent non-executive director. As
Mr. Gu and others have now been formally investigated by the PRC
police department and are subject to procedures adopted by the
PRC police department in connection with criminal offences for
alleged economic crime, the reason for my resignation is
removed. Owing to my responsibilities to the Company, I am
willing to work with the Company together in this difficult
situation and amend my resignation letter and supplemental
information thereof submitted to the Company on 24th and 28th
June, 2005 respectively and change the effective time of my
resignation from 23rd August, 2005 to 23rd November, 2005. After
23rd November, 2005, I shall not be responsible for the duties
of the Company's independent non-executive director."

The Company has been advised by its PRC legal advisers that the
withdrawal and amendment of the resignations above are in
accordance with relevant laws of the PRC and the articles of
association of the Company.

2005 INTERIM RESULTS

The Company noted certain matters, which arose during the
investigation by the CSRC from 5th April, 2005. In order to
truly, accurately and completely disclose the Company's 2005
interim results, the Company is now conducting investigation
into such matters. This has caused the Company not being able to
meet the original time to release the 2005 interim results on
August 22, 2005 as previously communicated to the Shenzhen Stock
Exchange. The Company now expects to issue its 2005 interim
results on August 31, 2005.

At the request of the Company, trading in shares of the Company
was suspended with effect from 10:00 a.m. on June 16, 2005
pending the release of an announcement in relation to price
sensitive information. Subject to the publication of an
announcement in relation to the financial, production and
trading position of the Group, trading in shares of the Company
will remain suspended until further notice.

By order of the Board of

Guangdong Kelon Electrical Holdings Company Limited
Liu Cong Meng
Vice Chairman


HENCUS LIMITED: Winding Up Hearing Set September 7
--------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Hencus Limited by the High Court of Hong Kong Special
Administrative Region was on the July 7, 2005 presented to the
said Court by Bank of China (Hong Kong) Limited (the successor
banking corporation to Kincheng Banking Corporation pursuant to
Bank of China (Hong Kong) Limited (Merger) Ordinance (Cap.1167)
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 the September 7, 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; and
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.

MESSRS. LIU, CHAN AND LAM
Solicitors for the Petitioner
Rooms 1710-18
17/F., Hutchison House
10 Harcourt Road
Central, Hong Kong

Note:  Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the 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 6th day of
September 2005.


HONGKONG KING: Court to Hear Wind-up Petition August 31
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
HongKong King Medicine Company Limited by the High Court of Hong
Kong Special Administrative Region was on June 28, 2005
presented to the said Court by Hoe Hin Pak Fah Yeow Manufactory,
Limited whose registered office is situated at 11th Floor, The
Sun's Group Ctr., No. 200 Gloucester Road, Hong Kong.  

The said Petition is to be heard before the Court at 9:30 a.m.
on August 31, 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.

WOO, KWAN, LEE & LO
Solicitors for the Petitioner
Room 2801, Sun Hung Kai Centre
30 Harbour Road,
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 August 30, 2005.


HUNG FUNG: Receives Bankruptcy Order
------------------------------------
Notice is hereby given that the Bankruptcy Order against Chui
Yick Hung trading as Hung Fung Engineering Co. was made on
August 3,2 005. All debts due to the estate should be paid to
its official liquidator.

Dated this 12th day of August 2005.

ET O'Connell
Official Receiver


HUAXIA SECURITIES: Aims to Bring in Foreign Investor
----------------------------------------------------
Huaxia Securities has won final approval to seek a foreign
investor as the broker struggled to finance an internal
overhaul, Xinhua News reports.

"We will choose major domestic investment companies to join our
restructuring plan, and also plan to introduce a strong foreign
investor," the newspaper cited an unidentified Huaxia executive
as saying.

The loss-making Huaxia Securities, also known as China
Securities, was set up in 1992 by the Industrial and Commercial
Bank of China, and then hived off in 1995 when the government
ordered banks to get rid of their securities operations.


INTERNATIONAL ENTERTAINMENT: Swings to HK$212,000 Profit
--------------------------------------------------------
International Entertainment Corporation (8118) posted a net
profit of HK$212,000 for the fiscal first quarter ended June 30,
versus a net loss of HK$4.033 million a year ago, according to
Infocast News. Earnings per share (EPS) were 0.09 cent. No
dividend was declared.

According to Chong Hing Securities Ltd., the company posted a
net loss of HK$19.30 million in the fiscal year ended March 31,
2005 versus a net loss of HK$35.55 million in the same period a
year earlier.

The Group's core business is comprised value-added one-stop
turnkey solutions - project services, network solutions and
application solutions; and interactive online and wireless
multimedia services.

CONTACT:

International Entertainment Corporation
Rooms 1502-05, New World Tower 1
16-18 Queen's Road Central
Hong Kong  
Phone: 27902233  
Fax: 27989900  
Web site: http://www.cyberonair.com


KAI FU: Enters Bankruptcy
-------------------------
Notice is hereby given that the Bankruptcy Order against Chan
Gan Cheung trading as Kai Fu Projects Company was made on August
3, 2005. All debts due to the estate should be paid to its
official liquidator.

Dated this 12th day of August 2005.

ET O'Connell
Official Receiver


MAK SHING: Court Issues Winding Up Order
----------------------------------------
Mak Shing Yue Tong Commemorative Association Limited whose place
of business is located at Room 1101, Yue Xiu Building, Nos 160-
174 Lockhart Road, Wanchai, Hong Kong was issued a winding up
order notice by the High Court of the Hong Kong Special
Administrative Region Court of First Instance on July 28, 2005.

Date of Presentation of Petition: June 5, 2005

Dated this 12th day of August 2005

ET O'Connell
Official Receiver


MOULIN GLOBAL: Sells China Assets for HK$100 Mln
------------------------------------------------
Struggling eyewear maker Moulin Global Eyecare Holdings Ltd has
sold its core China business for HK$100 million (US$12.8
million), according to the South China Morning Post.

The report said the business had been sold to China Enterprise
Capital, a private fund owned by three investors who triggered a
hostile takeover battle for Harbin Brewery Group last year.

The investors have bought Moulin's plant in Zhongshan,
Gsuangdong, and its Shanghai retail chain of about 50 stores,
which they plan to expand to other mainland cities.

CONTACT:

Moulin Global Eyecare Holdings Limited
4/F, Kenning Industrial Building
19 Wang Hoi Road, Kowloon Bay
Kowloon, H.K.
Phone: 27073800
Fax: 21487272
Web site: http://www.moulin.com.hk


PCCW LIMITED: Denies Insider Trading Probe of Chairman
------------------------------------------------------
PCCW Limited received confirmation from the Securities and
Futures Commission that its Chairman, Richard Li, was not being
investigated for insider trading in the Company's shares ahead
of the acquisitions of Sunday Communications, according to
Reuters.

The company bought in June a 60 percent stake in the city's
smallest mobile carrier, Sunday Communications Limited.

Several newspapers had reported that Richard Li, son of Asia
tycoon Li Ka-shing, was being investigated for trading of PCCW
shares ahead of the transaction announcement.

CONTACT:

PCCW Limited
979 King's Road
39th Flr HK Telecom Tower TaiKoo Place
Quarry Bay
Hong Kong
Phone: +852 2888 2888
Fax: +852 2877 8877
Web site: http://www.pccw.com


PO WING: Appoints Provisional Liquidators
-----------------------------------------
Po Wing (International) Construction Limited, located at G/F,
Liven House,61-63 King Yip Street Kwun Tong, Kowloon, hereby
gives notice of apppointment of provisional liquidators in the
High Court of the Hong Kong Special Administrative Region court
of First Instance.

Joint & Several Provisional Liquidators' Names: The Nicholas
Hill and Stephen Briscoe both of Alvarez & Marsal Asia Limited

Provisional Liquidators' Address: 5/F, Allied Kajima Building,
138,
Gloucester Road, Wanchai, Hong Kong

Date of Appointment: July 27, 2005

Dated this 12th day of August 2005

E T O'CONNELL
Official Receiver


PROSPERITY INTERNATIONAL: HKSE Orders Submission of Accounts
------------------------------------------------------------
The Stock Exchange of Hong Kong hereby publicly criticizes
Prosperity International Holdings (H.K.) Limited for breaches of
Rules 18.03 and 18.49 of the GEM Listing Rules (Note 1) in
failing to dispatch and publish on time its accounts for the
year ended 31 March 2003; and for a breach of Rule 20.26 of the
GEM Listing Rules (Note 2) in failing to issue an announcement
and publish a circular on time and failed to obtain prior
independent shareholders' approval for Transactions conducted
during the period from September 12, 2002 to November 26, 2002.

LATE DISPATCH AND PUBLICATION OF ANNUAL ACCOUNTS FOR THE
FINANCIAL YEAR ENDED MARCH 31, 2003

The Company was required to dispatch and publish its annual
accounts for the financial year ended 31 March 2003 within three
months of the end of its financial year, i.e. on or before 30
June 2003.

By an announcement dated June 17, 2003, the Company announced
that it would require additional time to complete the audited
accounts for the Group.  The Company's annual results and annual
report (including audited accounts) for the financial year ended
March 31, 2003 were subsequently published and sent to
shareholders on July 28, 2003 and July 31, 2003 respectively,
being 28 days and one month after the prescribed deadlines.

As a consequence of a settlement, the Company agreed not to
contest the Exchange's allegation that the Company has breached
Rules 18.03 and 18.49 of the GEM Listing Rules (Note 1).

Failure to comply with the reporting, announcement and
shareholders' approval requirements in relation to Transactions
conducted during the period from September 12, 2002 to November
26, 2002

CONTACT:

Prosperity International Holdings (H.K.) Limited
10th Floor, Prosperity Industrial Building
89 Wai Yip Street, Kwun Tong
Kowloon, Hong Kong  
Phone: 27592618  
Fax: 27564884  


SATELLITE DEVICES: Clarifies Winding Up Report
----------------------------------------------
The Company refers to a press article appearing in the Oriental
Daily News on August 12, 2005 relating to a winding-up petition
presented against Satellite Devices Corporation on August 10,
2005 by ICEA Capital Limited (the Petitioner) in respect of a
statutory demand which was purportedly served on the Company
over a judgment debt of a sum of HK$511,475.41 together with the
interest thereon (Debt).

The Company and its lawyer advising on the legal proceedings
confirmed they have received a court order in relation to the
Debt but have never been served the statutory demand in respect
of the judgment Debt as mentioned in the Petition.

FULL PAYMENT

The Company has today paid the Petitioner through its lawyers
the full principal amount of the Debt. The Company will keep the
public informed as to the progress of the legal proceedings in
respect of the Petition as it is expected to be withdrawn and
further announcement(s) will be made when appropriate.

The Petition is scheduled to be heard on October 5, 2005 at 9:30
a.m. before Master at the Court of First Instance but is
expected to be withdrawn before such date following full payment
of the Debt today.

CURRENT LIABILITIES OF THE GROUP AS AT MARCH 31, 2005

With reference to the qualification in the accounts of the
Group, as at 31 March 2005, the Company has current liabilities
of which an aggregate of HK$12.7 million is owing to a director
of the Company and its holding company, both of which have
agreed not to pursue repayment prior to March 31, 2006.

The Company confirms that the payment of the Debt has no
material adverse effect on the working capital of the Group, and
that it has sufficient working capital to meet its short-term
financial obligations based on recurring income from its
operations.

OPERATIONS

The profit margin of the Group has remained low since 2002,
which resulted in a change of strategy since early 2004. With a
view to building a more stable recurring income, the Group
increased its promotional efforts and focus on its subscription
service of car monitoring system which promotion was ultimately
unsuccessful and led to a decrease in the turnover of the Group.
To address this issue going forward, the Group will change its
strategy to actively work with other car dealers on joint
promotional efforts rather than solely promoting its own
products.

Shareholders of the Company and potential investors are advised
to exercise caution when dealing in the shares of the Company.

By Order of the Board
Satellite Devices Corporation
Tsoi Siu Ching Leo
Chairman
Hong Kong, 12 August 2005

CONTACT:

Satellite Devices Corporation
Unit 5, 20/F, Jupiter Tower
No. 9 Jupiter Street
North Point, Hong Kong  
Phone: 24983180  
Fax: 24292895  
Web site: http://www.satellite-devices.com


SHARP MERIT: Names Provisional Liquidators
------------------------------------------
Sharp Merit International Limited, located at Trustnet Chambers
P.O. Box 3444 Road Town Tortola British Virgin Islands, hereby
gives notice of the appointment of provisional liquidators in
the High Court of the Hong Kong Special Administrative Region
court of First Instance.

Joint & Several Provisional Liquidators' Names: Desmond Chung
Seng Chiong and Roderick John Sutton both of Ferrier Hodgson
Limited

Provisional Liquidators' Address: 14/F Hong Kong Club Building,
3A Chater
Road Central, Hong Kong

Date of Appointment:  July 29, 2005

Dated this 12th day of August 2005

E T O'CONNELL
Official Receiver


SILKMATE INDUSTRIES: Sets Creditors, Contributories Meeting
-----------------------------------------------------------
Notice is hereby given that the meetings of creditors and
contributories of Silkmate Industries Limited will be held at
the official Receiver's Office, 10th Floor, Queensway Government
Offices, 66 Queensway, Hong Kong on September 6, 2005 at the
following times:

(1) Meeting of Creditors: 10:30 a.m.
(2) Meeting of Contributories: 11:30 a.m.

Dated this 12th day of August 2005

ET O'Connell
Official Receiver & Provisional Liquidator


SO WISE: Begins Winding Up Process
----------------------------------
Notice is hereby given that a Petition for the Winding up of So
Wise Company Limited by the High Court of Hong Kong Special
Administrative Region was on the June 29, 2005 presented to the
said Court by Bank of China (Hong Kong) Limited (the successor
banking corporation to Kincheng Banking Corporation pursuant to
Bank of China (Hong Kong) Limited (Merger) Ordinance (Cap.1167)
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 a.m.
on August 31, 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.

TSANG, CHAN & WONG
Solicitors for the Petitioner
16/F., Wing On House
No. 71 Des Voeux Road Central
Central, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the 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 August 30, 2005.


SYSCAN TECHNOLOGY: Net Loss Swells to HK$25 Mln
-----------------------------------------------
Syscan Technology Holdings Limited (8083) posted a net loss of
HK$25.061 million for the first half of 2005, versus a net loss
of HK$2.823 million a year earlier, according to Infocast News.

Loss per share (LPS) was $0.245. No second quarter dividend was
declared.

The Group is engaged in the design, research, development,
manufacture and distribution of optical image capturing devices
and related components including CMOS sensor chips, optical
image capturing modules & scanners.

CONTACT:

Syscan Technology Holdings Limited
Unit C, 21/F, Seabright Plaza
9-23 Shell Street
North Point, Hong Kong  
Phone: 27975223  
Fax: 25109662  
Web site: http://www.syscaninc.com


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

ASEAN ACEH: Attracts Interest of Several Oil Firms
--------------------------------------------------
Several oil and gas firms and an Australian fertilizer firm are
interested in acquiring dormant fertilizer firm PT Asean Aceh
Fertilizer (AAF), Asia Pulse reports.

AAF, which was founded in 1979 by ASEAN members including
Indonesia, Malaysia, Philippines, Singapore & Thailand, stopped
operations in 2003 after energy firm ExxonMobil Oil Indonesia
Inc. cut off gas supplies to a nearby gas block in Arun.
ExxonMobil had decided to supply liquefied natural gas (LNG)
overseas, as the gas reserves in the Arun block had declined.

According to Company sources, an acquisition of AAF is feasible
as the prices of urea fertilizer range from IDR2.34 million to
IDR2.47 million per ton. AAF's liquidation value is expected to
be IDR395.64 billion.

Whoever buys AAF can enjoy great profits if it ensures a
continuous supply of gas for the Company, according to AAF
finance director Daud Sentahnu, as AAF is slated to produce gas
output by 2008.

AAF is set to be liquidated by the Indonesian government, which
holds 60% stake in the Company.

CONTACT:

PT ASEAN Aceh Fertilizer (AAF)
Jl. Medan Banda Aceh
Krueng Geukueh PO. BOX No. 09
Lhokseumawe, Aceh Utara
Indonesia
Phone: 0645-56933
Fax:   0645-56660
Email: aaf@aaf.co.id
Web site: http://www.aaf.co.id/


GARUDA INDONESIA: Seeks Government Aid to Turn Around
-----------------------------------------------------
State-owned airline PT Garuda Indonesia is seeking a government
bailout in order to continue operations, after posting a loss
due to increasing fuel costs and debt, reports Bloomberg News.

In order to pay a whopping IDR17.74 trillion debt incurred for
wages, maintenance, cover costs and other expenses, the Company
would need IDR1.13 trillion each year in order to repay such
debt.

According to Parliament member and head of transportation
affairs Enggartiasto Lukita, the government can handle the
Company's assets and liabilities and let Garuda Indonesia stay
on as operator. Details of the proposed bailout plan have not
been disclosed pending shareholders' approval.

Garuda Indonesia posted a IDR811.3 billion last year, compared
to a profit of IDR2.81 billion in 2003. The Company is expected
to incur a loss of up to IDR197.15 billion due to higher costs
of airplane fuel. As of April 29, 2005, the Company's debts
totaled IDR8.15 trillion.

The Company is suffering from heavy competition due to its high
production costs and a market targeted toward leisure and not
business. The government has banned several overseas budget
carriers from landing in Jakarta to protect the Company.

As the government also owns two other domestic airlines that
compete with Garuda Indonesia, and so it will have to decide
whether it should merge all its three airlines in order to
eliminate unnecessary competition.

CONTACT:

PT Garuda Indonesia
Garuda Indonesia Bldg.,
Jalan Merdeka Selatan No. 13
Jakarta, 10110, Indonesia
Phone: +62 21 231 0082
Fax:   +62 21 231 1679
Web site: http://www.garuda-indonesia.com


PERTAMINA: Introduces Eco-Friendly Fuel to Reduce Pollution
-----------------------------------------------------------
In response to Indonesia's air pollution problem, state-owned
oil and gas company PT Pertamina has come up with an
environment-friendly diesel fuel for vehicles, Dow Jones
reports.

According to Pertamina Processing Director Suroso Atmomartoyo,
the diesel was created in support of President Susilo Bambang
Yudhoyono's upcoming Blue Sky program, aimed at reducing air
pollution. The program is set to launch later this month.

The eco-friendly diesel fuel, which is manufactured at the
Company's Balongan refinery, emits less carbon dioxide than
regular diesel, thus reducing air pollution. It can also reduce
engine noise, and may lower fuel consumption by as much as 13%,
according to tests.

The eco-friendly fuel will be sold at IDR6,300 per liter, almost
three times the price of regular diesel fuel, which sells
atIDR2,400 per liter. It will be initially available in Jakrta,
and will be available across Bali, Batam and Java later this
year.

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


PERTAMINA: To Sell Unsubsidized Fuel if Subsidy Fails
-----------------------------------------------------
State oil and gas firm PT Pertamina will sell unsubsidized fuel
oil if it doesn't receive its fuel subsidy from the Indonesian
government, reports Asia Pulse.

According to Pertamina Finance Director Alfred Rohimone, it is
the government that would decide whether to give the fuel
subsidy or not the Company must abide by that decision. He added
that if the government decides to scrap Pertamina's fuel
subsidy, the Company's moveto raise fuel prices would cause the
public to be more efficient in fuel use/consumption.

Coordinating Minister for Economic Affairs Aburizal Bakrie said
that the government would maintain the planned IDR76.5 trillion
fuel subsidy despite an increase in fuel prices, as a subsidy
increase would violate the revised state budget.

Pertamina President Widya Purnama said that he believes that the
government will help Pertamina, and has prepared funds for the
Company to deal with ever-increasing fuel prices.


PERUSAHAAN LISTRIK: Unit Closed for Repairs
-------------------------------------------
A 600-megawatt power unit of state power firm PT Perusahaan
Listrik Negara (PLN) located in Suralaya, West Java, was shut
down last Aug. 11 and Aug. 12, 2005, in order to repair a boiler
leak, the Jakarta Post reports.

Due to the temporary shutdown of the Suralaya Unit VII, there
was a five-hour power shortage in the Java-Bali grid. The
Suralaya power plant produces a total of 3,400 megawatts, with
four units producing 400 megawatts each, and three units
producing 600 megawatts each.

The Suralaya unit was slated to resume normal operations as of
Aug. 14, 2005.

PLN plans to start operating three power plants in Java with a
total capacity of 2,000 megawatts in order to secure additional
power supply to the islands of Bali and Java later this year.

CONTACT:

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


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

JAPAN HIGHWAY: VP Indicted in Bid-rigging Scandal
-------------------------------------------------
Prosecutors filed charges on Monday against Mr. Michio Uchida,
Vice President of Japan Highway Public Corporation, over alleged
bid rigging involving the company, Kyodo News reports.

Mr. Uchida is suspected of helping rig bids on Company-ordered
bridge projects, in violation of the Antimonopoloy Law and
causing unnecessary payments for JH in a breach of trust.

CONTACT:

Japan Highway Public Corporation
3-3-2 Kazumigaseki Chiyoda-ku,
Tokyo,100-8979, Japan
Phone: +81-3-3506-267
Fax: +81-3-3506-8870
Web site: http://www.jhnet.go.jp


KANEBO LIMITED: Kose May Bid With Nikko
---------------------------------------
Cosmetics maker Kose Corporation has been in talks with a unit
of brokerage house Nikko Cordial Corporation to jointly bid for
Kanebo Limited, according to Reuters.

Both parties were likely to launch a consortium to take part in
the first round of bidding for Kanebo, set to take place on
Monday.

The two are believed to be among tens of firms bidding for
Kanebo, now being rehabilitated under the state-owned turnaround
body, Industrial Revitalization Corp. of Japan (IRCJ).

CONTACT:

Kanebo Limited
Fukuoka, Sapporo
3-20-20 Kaigan Minato Tokyo
108-8080 Japan
Web site: http://www.kanebo.co.jp/english/Index.htm


KANEBO LIMITED: Revlon, Morgan Stanley to Enter Bids
----------------------------------------------------
U.S. investment bank Morgan Stanley and cosmetics firm Revlon
Inc. are expected to enter a tender offer for Kanebo Ltd and
Kanebo Cosmetics Inc. to be held shortly by the Industrial and
Revitalization Corporation of Japan, reports Kyodo News.  

Acquisition costs for the shares of Kanebo group now being held
by the Industrial Revitalization Corp. of Japan are estimated to
be about JPY400 billion (US$3.7 billion).


NISHI NIHON: METI Suspends Renovator's Business
-----------------------------------------------
The Economy, Trade and Industry Ministry on Friday ordered Nishi
Nihon Kiso Co., Ltd., a company engaged in door-to-door sales of
home repair services, to suspend its business for a period of
six months for violating the Specific Commercial Transactions
Law.

In addition, given the importance of the Specific Commercial
Transactions Law as enforced by relevant authorities at all
levels of government, METI has issued a revised directive
clarifying the extent of the law, in order to contribute to
strengthening its application.

CONTACT:

Ministry of Economy, Trade and Industry (METI)
3-1 Kasumigaseki 1-Chome
Chiyoda-ku, Tokyo
Phone: 81-3-3501-1511
Email: webmail@meti.go.jp
Web site: http://www.meti.go.jp/english/index.html


SNOW BRAND: Completes Liquidation Process
-----------------------------------------
Snow Brand Milk Products Co. has completed the liquidation of
one of its units, Snow Brand Foods Co., over a beef fraud
scandal.

Snow Brand Milk forgave JPY19.79 billion in short-term loans to
the unit for its liquidation, but the debt forgiveness was
covered by loan-loss reserves and will have no effect on
earnings projections for the current fiscal year.

The Company's principal activities are the manufacture and sale
of meat products. Operations are carried out through the
following divisions: Meat Products (processed meat, ham,
sausages, beef cattle, restaurant business), Foods (canned
foods, imported foodstuffs, other food products).

CONTACT:

Snow Brand Food Co. Ltd.
9-2-8, Honmachi 1jo
Sapporo-shi, Hokkaido 103-8203
Japan
Phone: + 81 3 780 2080
Fax: + 81 3 56408612
Web site: http://www.snowfoods.co.jp/


UFJ HOLDINGS: Delays Bank Merger Until January 1
------------------------------------------------
Mitsubishi Tokyo Financial Group, Inc. (MTFG; President and CEO:
Nobuo Kuroyanagi) and UFJ Holdings, Inc. (UFJ; President and
CEO: Ryosuke Tamakoshi) and their respective subsidiaries have
been pursuing preparations for their management integration on
October 1, 2005, subject to the approval of relevant
authorities. We have decided today, however, to change the
scheduled date of the planned merger of our respective bank
subsidiaries, The Bank of Tokyo-Mitsubishi, Ltd. (BTM;
President: Nobuo Kuroyanagi) and UFJ Bank Limited (UFJ Bank;
President: Takamune Okihara) to January 1, 2006.

The companies sincerely apologize to all concerned for any
inconvenience caused by this postponement, and especially to all
the customers of BTM and UFJ Bank, who have been making
necessary preparations for the planned merger of BTM and UFJ
Bank.

To achieve a secure and stable merger, we continue to pursue
thorough preparations for the integration, and we would
appreciate your understanding and cooperation.

There will be no change in the scheduled date of October 1, 2005
for the respective mergers between MTFG and UFJ, between The
Mitsubishi Trust and Banking Corporation (President: Haruya
Uehara) and UFJ Trust Bank Limited (President: Shintaro Yasuda)
and between Mitsubishi Securities Co., Ltd. (President: Koichi
Kane) and UFJ Tsubasa Securities Co., Ltd. (President:
Kimisuke Fujimoto).

1. Reason for change of the Scheduled Date of the Planned Merger

BTM and UFJ Bank have been preparing assiduously for the
integration of their computer systems and other matters, in
order to complete their merger and start business under the name
'The Bank of Tokyo- Mitsubishi UFJ, Ltd.' on October 1, 2005.

However, due to the tremendous social impact of the planned
merger of the two banks, we have been thoroughly examining all
possible risk reduction measures from every angle, in order to
minimize any risks arising from the integration of the banks and
their business systems. As a result of this examination, we have
concluded that we should engage in additional tests, rehearsals
and training sessions for the integration of the systems of the
two banks in order to achieve the highest possible level of
safety and stability in the new post- integration systems of the
new merged bank.

For example, in addition to the test, rehearsals and training
sessions presently scheduled, we will increase the number of
rehearsals at all branches under circumstances similar to those
of actual operation, expand the number of connection tests with
our customers, and increase the number of training sessions for
unexpected contingencies. In order to complete these tests,
rehearsals and training sessions and secure the highest possible
level of safety and stability, we have concluded that it is
appropriate to postpone the scheduled date of the planned merger
of the subsidiary banks by three months.

2. Further Announcement and Requests to Customers with Respect
to the Change of the Scheduled Date

The changes in the names of the banks, names of the branches and
various fees scheduled for October 1, 2005 will be postponed
until January 1, 2006. However, some previously announced
suspensions of ATM services and other online services will take
place as scheduled as part of the system tests.

Both parties will further announce to its customers the
necessary information due to the postponement of the merger of
the two banks through posters at our head offices and branches,
advertisements, direct mailings and other appropriate measures.

Because the management integration of the MTFG Group and the UFJ
Group are to take place as scheduled, the postponement of the
merger of the two bank subsidiaries will not lead to any change
in the previously announced consolidated earnings projections
for the fiscal year ending March 31, 2006, or the consolidated
financial targets for the fiscal year ending March 31, 2009, of
the new group.

CONTACT:

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

This is a company press release.


UFJ HOLDINGS: Submits Progress Report on Revitalization Plan
------------------------------------------------------------
UFJ Holdings, Inc. submitted the progress report for the fiscal
year ended March 2005, regarding the plan to revitalize
management formulated according to the Law relating to Emergency
Measures for Early Reconstruction of Financial Systems, to the
Financial Services Agency.

Overview of Operations

1. Summary of Financial Results for the Fiscal Year Ended March
31, 2005

Subsidiary banks posted net losses again in the fiscal year
ended March 31, 2005 ('FY2004') mainly due to the fundamental
actions for revitalizations of large borrowers in order to
resolve the problem loan issue. As a result of the net losses
posted at subsidiary banks, the fair value of stocks of the
subsidiary banks held by UFJ Holdings, Inc. ('UFJ Holdings') was
further reduced and UFJ Holdings posted impairment losses on
these stocks. Therefore, UFJ Holdings reported net loss even on
a non-consolidated basis and was unable to secure surplus
available for dividend. As a result, as was announced on the
Plan to Revitalize Management (the 'Plan') submitted on
September 24, 2004, UFJ Holdings was obliged to suspend
dividends on common shares, preferred shares and preferred
securities. We deeply regret that we were unable to distribute
not only dividends on common shares but also on preferred
shares. We take such issues very seriously. We also decided to
suspend dividends on preferred securities issued by
subsidiaries.

- Banking Subsidiaries Combined -

Financial results for FY2004 on a combined basis of UFJ Bank and
UFJ Trust are as follows.

(Gross Operating Profit)

Gross operating profit was JPY1,282.5 billion, a decline of
JPY54.8 billion compared to FY2003 and Yen 0.5 billion below the
target announced in the Plan. Gains and losses on bonds
decreased by JPY45.6 billion to JPY75.7 billion, but earnings of
core business lines were steady.

In retail banking, non-interest income increased mainly due to
good sales of variable annuities. In addition, steady increase
in housing loans contributed to the gross operating profit.

In corporate banking, interest income decreased due to decline
in loan balance and stagnant loan spread. However, non-interest
income remained at a high level mainly thanks to fee income from
derivatives and investment banking businesses.

In global banking & trading, steady income from forex related
derivatives and structured finance business was secured even
though market related income decreased.

(Expenses)

Total expenses in FY2004 were JPY528.5 billion, a reduction of
JPY36.3 billion compared to FY2003. Particularly personnel
expenses decreased by JPY44.7 billion due to reduction in
workforce and employee bonuses.

(Business Profit)

As a result, business profit before net transfer to general
reserve was JPY767.2 billion, a decline of JPY27.4 billion
compared to FY2003 but JPY21.8 billion above the target.
However, if gains and losses on bonds are excluded, business
profit was Yen691.5 billion (up by Yen 18.2 billion compared to
FY2003) as a result of a steady profit from each business line
and a reduction of personnel expenses.

(Credit Related Expenses)

Credit related expenses (sum of net transfer to general reserve,
credit costs and credit costs to trust accounts) decreased by
JPY329.0 billion to JPY1,062.2 billion compared to FY2003.
Considering extraordinary gains such as reversal from reserve,
collection of written-off claims and trust account loss
indemnified, credit related expenses were JPY789.0 billion (down
by JPY522.5 billion compared to FY2003). Credit related expenses
decreased because we had already posted enough reserves for
large borrowers by the end of previous fiscal year. On the other
hand, increase in historical loss ratio caused by downgrading of
certain large borrowers in FY2003 and first half of FY2004
resulted in increase in net transfer to general reserve. As a
result, decrease in credit related expenses remained Yen 522.5
billion.

Having taken drastic actions to resolve non-performing loan
(NPL) issue which is one of the most important issues to the
management, NPL balance and NPL ratio (under the Financial
Reconstruction Law) significantly decreased to Yen 1.72 trillion
and 4.12% respectively at the end of March 2005. Those were Yen
2.23 trillion and 4.38 points reduction from the end of March
2004 and Yen 2.44 trillion and 5.3 points reduction from the end
of September 2004. Decisive and intensive measures to resolve
NPL issue have been already implemented. Although we couldn't
achieve the original targets of Yen 1.6 trillion NPL balance and
less than 4% NPL ratio at the end of March 2005, we believe we
have substantially achieved the targets considering we have
completed all necessary measures to ensure a problem loan
reduction in the first half of FY2005 with the assistance of the
Industrial Revitalization Corporation of Japan.

As mentioned above, we have completed the necessary measures for
large troubled borrowers and achieved significant reduction in
NPL balance and ratio. Credit related expenses are expected to
decrease significantly in the years ahead. Therefore, we believe
we have finally solved the NPL issue which troubled us for a
long time. We also believe we have established a foundation for
improving profitability and financial soundness.

(Gains/Losses on Stocks)

Gains/Losses on stocks were net loss of Yen 269.5 billion (down
by Yen 599.4 billion compared to FY2003). This was mainly due to
decrease in gains on sales and increase in revaluation losses.
We incurred impairment losses on preferred shares, which we had
subscribed for as part of providing financial assistance to some
large borrowers. Revaluation losses including these impairment
losses were Yen 406.5 billion (up by Yen 394.1 billion compared
to FY2003). In addition, net transfer for investment losses was
posted.

(Deferred Tax Asset)

Net balance of deferred tax assets as of the end of March 2005
was Yen 1.1 trillion, decreased by Yen 280.0 billion compared to
the end of previous fiscal year. We posted deferred tax assets
in accordance with accounting rules while estimating future
earnings conservatively.

(Net Profit/Loss)

We posted a net loss of JPY677.0 billion for FY 2004, which was
within the target of JPY823.3 billion loss announced on the
Plan.

(Holding company - Non-consolidated basis)

Because of impairment losses on subsidiary banks' stocks
resulted from their significant net losses in the fiscal year,
UFJ Holdings posted net loss of JPY2.8 trillion.

As a result, UFJ Holdings was obliged to suspend dividends on
common shares, preferred shares and preferred securities.

In accordance with the initiatives to solve problem loan issue
at subsidiary banks, the holding company posted impairment
losses on subsidiary banks' stocks which value had decreased due
to the disposal of NPLs. As a result the group made a big
progress in balance sheet restructuring and was able to lay the
foundation for the future.

Realization of the losses on stocks of subsidiary banks is
offset in consolidation process. Thus it has no effect on
consolidated performance and capital ratio, etc. of UFJ
Holdings.

(Capital Ratio)

The consolidated BIS capital ratio as of the end of March 2005
was 10.39%. As a result of capital raising including JPY700
billion preferred shares issued by UFJ Bank to Mitsubishi Tokyo
Financial Group, Inc. (MTFG) in September 2004, consolidated BIS
capital ratio improved by 1.15 points from March 2004.

The net loss we incurred in FY2004 mentioned above was mainly
due to a large amount of credit expenses, which we posted as a
result of our active support for revitalizations of large
borrowers in order to achieve our utmost goal of restoring
assets' quality.

As a result of these measures, the problem loans were
substantially reduced and the foundation was laid for the
restoration of sound balance sheet and the further profitability
enhancement.

2. State of Implementation of Plan to Revitalize Management

(1) Response to Business Improvement Administrative Order for
the FY 3/2004

UFJ Group has implemented measures to support business
revitalization of borrowers, promote final disposals by off-
balancing and improve quality of its loan portfolio so that it
will resolve NPL issue and thereby secure financial soundness.
In that process, due to off-balancing to reduce NPL balance and
increased reserves for loans extended to large borrowers, credit
related expenses exceeded the initial plan in FY 2003 and the
group posted net loss of JPY372.3 billion on subsidiary banks,
UFJSP, UFJEI and UFJTE combined basis, which was JPY507.4
billion less than planned net profit.

For this reason, in addition to the Business Improvement Order
based on the financial results for fiscal 2002, UFJ Group
received another Business Improvement Order, since profit for
fiscal 2003 largely undershot the target stated in the Plan. In
response to the order, UFJ Group prepared a Business Improvement
Plan and announced the Plan to Revitalize Management on
September 24, 2004. UFJ Group takes the administrative action
very seriously and makes a strong commitment to improve its
business operations.

UFJ Group concluded a basic agreement with regard to management
integration with MTFG on August 12, 2004, and signed merger
agreement on April 20, 2005. The integration is scheduled on
October 1, 2005 subject to receiving approval from relevant
authorities.

In the Plan to Revitalize Management released on September 24,
2004, we couldn't incorporate merger effect such as synergies
and cost reductions because we were still at a stage of merger
preparation. Therefore, we have formulated the Plan for the
period before the management integration. (For FY 2004 and 2005)

We position the period before the management integration with
MTFG as the time period for fundamental management reforms.

Through actions to achieve the final solution of NPL issues in
FY2004, UFJ Group improved its financial position. We will
ensure the repayment of public funds through enhancement of
corporate value and further improvement in profitability by the
management integration with MTFG.

After the management integration we will further improve
profitability as a new group. Thus as the management integration
progresses, we will formulate revised plan to revitalize
management by incorporating integration affect such as synergies
and cost reductions.

This is a company press release.


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

HANARO TELECOM: To Undergo Major Overhaul Soon
----------------------------------------------
Wide reforms are expected to take place at Hanaro Telecom Inc.
following the election of a new acting chief executive officer,
The Korea Herald reveals.

Former Vice President of the company Kwon Soon-yup was appointed
as acting CEO in place of Yoon Chang-bun who stepped down a year
before his term expired.  Mr. Kwon was appointed to carry out a
possible restructuring at the company.

Mr. Kwon will carry out the duties of the CEO until the board
convenes to schedule a shareholders meeting.  But industry
watchers expect Mr. Kwon to stay on until the company revives
itself.

There are speculations of Mr. Yoon's early departure from the
company as he was accused this year of not measuring up to
shareholders demand.

Mr. Yoon was reportedly under mounting criticism for the
purchase of Thrunet Co., a money-losing local broadband
operator.

Hanaro reported slides in sales and profit this year. Operating
profit shrank more than 30 percent compared to the previous
quarter as sales dipped 2.1 percent.  Prospects for the second
quarter profit do not look so bright, according to analysts who
predict a net loss of up to KRW30 billion.

In November 2003, American International Group Inc. and San
Francisco-based Newbridge Capital Ltd. completed acquiring a
controlling stake in Hanaro for US$500 million.

The AIG-led consortium has been constantly calling for stronger
restructuring, citing worsening market conditions, namely a
rapidly saturating industry coupled with intensifying
competition.

Dacom a high-speed Internet affiliate of LG Telecom is
considered a likely candidate to merge with Hanaro.  The entry
of LG Telecom's new Internet operator, Powercomm Corp. next
month is lending further support to voices suggesting
Hanarotelecom should find a partner soon.

"With the entrance of Powercomm, competition will heat up, and a
merger may come sooner than expected," said Yang Jong-in, a
researcher at Korea Investment & Securities Co.

CONTACT:

Hanaro Telecom, Inc. (NASDAQ: HANA)
Shindongah Fire & Marine Insurance Bldg. 43,
Taepyeongno2-Ga, Jung-Gu
Seoul, 100-733, South Korea
Phone: +82-106
Fax: +82-2-6266-4399
Website: http://www.hanaro.com


HANARO TELECOM: Installs New Representative Director
----------------------------------------------------
Hanaro Telecom Inc. informed the U.S. Securities and Exchange
Commission that on August 12, 2005, Dr. Chang Bun Yoon resigned
from the role of Representative Director at Hanaro Telecom
Incorporated and Mr. David Yeung, who was appointed the
designated replacement representative director at the 69th BOD
meeting on November 11, 2003, will now perform the
responsibilities of the Company's Representative Director.

Name: Mr. David Yeung

Relationship to the largest shareholder: Not applicable

Professional background:

MBA (The University of Chicago)
Head of AIG Infrastructure Investments in Emerging Markets
Managing Director, AIG Global Investment Corp.


SK NETWORKS: Ventures Into High Fashion Business
------------------------------------------------
SK Networks Co. entered into the fashion business by acquiring a
women's clothing label based in Paris, Asia Pulse reports,
citing Yonhap News.

The company acquired EKJO, which is established by South Korean
fashion designer Cho Eun-kyung, and renamed it "SK-EKJO
Creation", a wholly owned French subsidiary.

"The designer's creativity and our global marketing skills will
boost the brand's reputation worldwide," SK Networks said.

The company mulls of launching the brand in Seoul, New York,
London and Beijing.  It plans to pour in KRW20 billion worth of
investments a year for the next three years.

"We plan to expand into the fashion business and have at least
10 globally recognized brands by 2010," the company added.

SK Networks has been under a debt workout program following a
$1.2 billion accounting scandal in 2003 that put in on the brink
of bankruptcy.

CONTACT:

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


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

ANCOM BERHAD: Buys Back 255,700 Ordinary Shares
-----------------------------------------------
Ancom Berhad issued to Bursa Malaysia Securities Berhad a notice
of shares buy back with the following details:
   
Date of buy back from: July 28, 2005

Date of buy back to: August 5, 2005

Total number of shares purchased (units): 255,700

Minimum price paid for each share purchased (MYR): 0.655

Maximum price paid for each share purchased (MYR): 0.700

Total amount paid for shares purchased (MYR): 174,009.84

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

Number of shares purchased retained in treasury (units): 255,700

Total number of shares retained in treasury (units): 12,132,100

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

Total issued capital as diminished:  

Date lodged with registrar of companies: August 10, 2005

Lodged by:

PFA Corporate Services S/B
Level 14, Uptown 1, D'sara Uptown
47400 PJ

CONTACT:

Ancom Berhad
Level 14, Uptown 1
No. 1 Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor
Telephone: 03-77252888
Fax: 03-77257791
Website: http://www.ancom.com.my


BELL & ORDER: Default in Payment Status Unchanged
-------------------------------------------------
The Board of Directors of Bell & Order Berhad (B&O) informed
Bursa Malaysia Securities Berhad that there is no change in the
status of the default payments of the interest and repayment of
principal to financial institutions in respect of various credit
facilities granted to B&O.

B&O through the Court Convened Scheme Creditors Meeting held on
June 17, 2005 had obtained approval for the Proposed Composite
Scheme of Arrangement pursuant to Section 176 of the Companies
Act, 1965.

Currently, the Company is preparing the application to Court for
approval of the Proposed Composite Scheme of Arrangement and for
other consequential orders.

This announcement is dated 10 August 2005

CONTACT:

Bell & Order Berhad
28 & 30 Jalan Pjs 11/14
Bandar Sunway
Petaling Jaya 46150
Malaysia
Phone: 03 - 56336966
Fax: 03 - 56345081


CEPATWAWASAN GROUP: Given 6 Weeks to File Defense
-------------------------------------------------
Cepatwawasan Group Berhad issued to Bursa Malaysia Securities
Berhad an update on Sandakan Sessions Court, Summons No: 52-203
of 2005 between:

Tsen Thau Tet
Foo Kon Chen
Lim Su Leong
Phang Wai Jye

and

Cepatwawasan Group Berhad (536499-K)
Syarikat Melabau Sdn. Bhd. (161144-T)
Kovusak Sdn. Bhd. (73286-M)
Prolific Yield Sdn. Bhd. (354781-H)

Further to the announcement on July 18, 2005 regarding the
Summons No. 52-203 of 2005 and the statement of claim by the
following former employees:

(1) Tsen Thau Tet (1st Plaintiff);
(2) Foo Kon Chen (2nd Plaintiff);
(3) Lim Su Leong (3rd Plaintiff); and
(4) Phang Wai Jye (4th Plaintiff),

against the Company (1st Defendant) and its three subsidiaries,
namely,

(1) Syarikat Melabau Sdn. Bhd. (2nd Defendant);
(2) Kovusak Sdn. Bhd. (3rd Defendant); and
(3) Prolific Yield Sdn. Bhd. (4th Defendant),

for the stop payment of cheques which were issued by the former
directors of the Company, who were removed by the shareholders
in an EGM on August 6, 2004, for the following payments:

- Gratuity payment of MYR82,619.62 and reimbursement of expenses
of MYR1,063.28 to the 1st Plaintiff;

- Gratuity payment of MYR14,159.85 and reimbursement of expenses
of MYR47.83 to the 2nd Plaintiff;

- Gratuity payment of MYR15,058.40 to the 3rd Plaintiff; and

- Payment in lieu of notice of termination of employment of
MYR14,370.71 to the 4th Plaintiff,

The Board of Directors of Cepatwawasan Group Berhad disclosed
that the said Summons had been heard before the Sandakan
Sessions Court and the Company and its three subsidiaries had
been granted six weeks to file and serve their defences.

Dated this 9th day of August 2005

CONTACT:

Cepatwawasan Group Bhd.
Malaysia
Phone: 60 89 272 773
Fax: 60 89 272 772
E-mail: cptgrp@tm.net.my


DUOPHARMA BIOTECH: Issues Additional Shares for Listing
-------------------------------------------------------
Duopharma Biotech Bhd advised that its additional 255,000 new
ordinary shares of MYR0.50 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation with effect from 9:00 a.m., Friday, August 12, 2005.


FABER GROUP: Bourse to List Additional Shares
---------------------------------------------
Faber Group Berhad advised that its additional 106,363 new
ordinary shares of MYR1.00 each arising from the conversion of
MYR212,727 Nominal Value of 2000/2005 Irredeemable Convertible
Unsecured Loan Stocks into 106,363 New Ordinary Shares will be
granted listing and quotation with effect from 9:00 a.m.,
Friday, August 12, 2005.

CONTACT:

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


GADANG HOLDINGS: Concludes Rights Issue
---------------------------------------
Gadang Holdings Berhad (GHB) issued to Bursa Malaysia Securities
Berhad details of the private placement of new ordinary shares
of MYR1.00 each in GHB representing not more than 10 percent of
the issued and paid-up share capital of GHB (Private Placement).

The company refers to the announcements dated April 29, 2005,
June 6, 2005 and June 14, 2005 in relation to the Private
Placement.

On behalf of the Board of Directors, the company advised that
the placement of 9,600,000 new ordinary shares of MYR1.00 each
in GHB (GHB Shares) to be issued pursuant to the Private
Placement to several identified placees at an issue price of
MYR1.00 per GHB Share was completed by Commerce International
Merchant Bankers Berhad, as the Placement Agent, on August 10,
2005. The identified placees are not connected to the Directors
or substantial shareholders of the Company and/or any persons
connected to them.

This announcement is dated 10 August 2005.
    
CONTACT:

Gadang Holdings Berhad
Wisma Gadang 52, Jalan Tago 2
Off Jalan Persiaran Utama
Sri Damansara 52200 Kuala Lumpur
Telephone: 03-6275 6888
Fax: 03-6275 2136


GEORGE TOWN: Denies Petitioner's Claim
--------------------------------------
A winding-up petition was served on March 2, 2005 against Super
Departmental Stores (George Town) Sdn Bhd (Super Departmental
Stores), a subsidiary of George Town Holdings Berhad, under
Section 218 of the Companies Act, 1965 by Larrie Corporation (M)
Sdn Bhd (the Petitioner).

The winding-up petition was presented on February 4, 2005 at the
High Court of Malaya at Shah Alam (the Petition).

The Petition was initially served on the Company on March 2,
2005 followed by an advertisement of the same on March 8, 2005.
However, as the Company had on March 9, 2005, obtained a
Restraining Order pursuant to Section 176(10) of the Companies
Act 1965, all further proceedings were stayed by the High Court.

The Court had on July 26, 2005 ordered the Company to
readvertise and regazette the petition as the 1st advertisement
was done during the validity of the Restraining Order. The
Petitioner had on August 5, 2005 caused the Petition to be
advertised again.

The Petitioner has claimed for the sum of MYR485,536.42 being
the amount allegedly due and owing by Super Departmental Stores
to the Petitioner for goods allegedly sold and delivered on a
consignment basis.

The Company states that the Petition is ERRONEOUS as the claim
is genuinely disputed by Super Departmental Stores.

Circumstances leading or related to the filing of the Petition
are as follows:

- Super Departmental Stores had on December 20, 2004 received a
Section 218 Notice dated December 20, 2004 from the Petitioner's
solicitors claiming for the sum of MYR485,536.42 being the
balance allegedly due and owing by Super Departmental Stores to
the Petitioner for goods allegedly sold and delivered on a
consignment basis.

- Our solicitors had on January 7, 2005 and January 14, 2005
disputed the Petitioner's claims as the Petitioner had not taken
into account the discount to be given to Super Departmental
Stores. Super Departmental Stores further claimed that the
Petitioner had breached the arrangement agreed between the
parties that the Petitioner will be paid once the goods have
been sold. The Petitioner had been requested to withdraw the
Section 218 Notice.

- However, instead of withdrawing the Section 218 Notice, the
Petitioner has filed the Petition. The Company contends that the
Petition was filed to exert pressure on Super Departmental
Stores to pay the disputed sums claimed by the Petitioner.

The Company and its subsidiary will take all necessary action to
protect our rights. The Company Solicitors has applied to
restrain all proceedings under the winding-up Petition and have
also applied to strike out the winding-up Petition.

The cost of investment of the Company in Super Departmental
Store is MYR20,866,473.00.

As the Company has applied to the Court of Appeal for an
extension of time to the Restraining Order following the
expiration of the said Restraining Order on July 15, 2005 and
pending the outcome from the Court, the winding-up proceeding
has no financial or operational impact on the Company or its
group of companies and there is no expected loss arising
therefrom as at the date hereof.

CONTACT:

George Town Holdings Berhad
Jalan 14/20 Section 14
46100 Petaling Jaya, Selangor Darul Ehsan 50300
Malaysia
Telephone: +60 3 7958 8166
Fax: +60 3 7957 8471


GEORGE TOWN: Appeals Court Decision
-----------------------------------
Further to the announcement made to Bursa Malaysia Securities
Berhad on July 27, 2005 in respect of the Restraining Order for
George Town Holdings Berhad and 22 subsidiary companies, the
company disclosed that it has filed an appeal to the Court of
Appeal on July 29, 2005.


HARVEST COURT: Submits Application for Corporate Exercise
---------------------------------------------------------
Harvest Court Industries Berhad (HCIB) issued to Bursa Malaysia
Securities Berhad details of the proposed corporate exercise.

Further to the announcement dated August 2, 2005, Public
Merchant Bank Berhad, on behalf of the Board of Directors of
HCIB, advised that the applications to the relevant authorities,
namely, the Securities Commission, Foreign Investment Committee
and Ministry of International Trade and Industry on the Proposed
Corporate Exercise were submitted on August 9, 2005.

CONTACT:

Harvest Court Industries Sdn Bhd
111, Pusat Perniagaan NBC
Jalan Menu 41050
Klang Selangor
Telephone: +603-3165 2218/345/1150
Fax Number: +603-3168 1336/345 /1151


HARVEST COURT: Enters 4th SPA with Wolclass
-------------------------------------------
Harvest Court Industries Berhad (HCIB) issued to Bursa Malaysia
Securities Berhad an update on the following proposals:

- Proposed acquisition of four (4) parcels of land (Proposed
Land Acquisition)

- Proposed acquisition of machineries (Proposed Machineries
Acquisition)

- Proposed settlement of debts owing to the bank lenders of HCIB
and its subsidiaries amounting to RM27.97 million as at 30
September 2004 (Proposed Debt Settlement)

- Proposed private placement of up to 15,000,000 ordinary shares
of MYR1.00 each in HCIB to investors to be identified (Proposed
Private Placement)

- Proposed special issue of up to 5,000,000 ordinary shares of
Myr1.00 each in HCIB to Bumiputera investors to be identified
(Proposed Special Issue)

- Proposed listing of and quotation for the new HCIB Shares to
be issued pursuant to the Proposed Land Acquisition, the
Proposed Machineries Acquisition, the Proposed Private Placement
and the Proposed Special Issue, and the new HCIB Shares to be
issued pursuant to the conversion of RCSLS, on the second board
of Bursa Malaysia Securities Berhad

(collectively referred to as the Proposed Corporate Exercise)

On behalf of HCIB, Public Merchant Bank Berhad disclosed that
HCIB together with its wholly owned subsidiary, Timbeck Sdn Bhd,
had on August 8, 2005 entered into a Fourth Supplementary Sale
and Purchase Agreement with the vendor of the machineries,
namely Wolclass Sdn Bhd, to extend the period to submit the
Proposed Corporate Exercise to the Securities Commission (SC) to
October 18, 2005.

This announcement should be read in conjunction with the
Company's announcements dated December 19, 2003, July 23, 2004,
November 8, 2004 and April 20, 2005.

Save as disclosed above, there are no further variations to the
Proposed Machineries Acquisition.


KRAMAT TIN: Complies with SC's Decision
---------------------------------------
Kramat Tin Dredging Berhad (KTD) updates Bursa Malaysia
Securities Berhad on the following proposals:

- The Proposed Acquisition of SPJ;

- The Proposed Acquisition of Land;

- The Proposed Acquisition of KTD;

- The Proposed Placement; and

- The Proposed Transfer of Listing Status

(collectively referred to as the proposals)

As announced on July 28, 2005, the Securities Commission (SC)
had not approved the application by KTD for a waiver for both
Putrajaya Holdings Sdn Bhd (PJH) and Abad Kilat Sdn Bhd (AKSB)
from the need to subject 50 percent of their respective
securities to be received under the Proposals to a moratorium.

On behalf of KTD, the bourse announced that both PJH and AKSB
have informed KTD that they have accepted the SC's decision on
the above.

This announcement is dated 10 August 2005.

CONTACT:

Kramat Tin Dredging Berhad
No 12 Jalan Gelenggang Bukit Damansara
50490 Kuala Lumpur, 50490
Malaysia
Telephone: +60 3 2092 5588
Fax: +60 3 2093 9917


LEBAR DAUN: Issues 3,000 New Ordinary Shares
--------------------------------------------
Lebar Daun Berhad advised that its additional 3,000 new ordinary
shares of MYR0.50 each issued pursuant to the conversion of
MYR3,000 Irredeemable Convertible Unsecured Loan Stocks
2004/2007 into 3,000 new ordinary shares (Conversion) will be
granted listing and quotation with effect from 9:00 a.m.,
Thursday, August 11, 2005.

CONTACT:

Lebar Daun Berhad
No 2 Jalan Tengku Ampuan Zabedah J9/J
Seksyen 9, 40000 Shah Alam, Selangor Darul Ehsan
Malaysia
Telephone: +60 3 5511 1333
Fax: +60 3 5511 1888


MALAYSIA PACIFIC: Counters Wind Up Petition on Taman Bandar
-----------------------------------------------------------
As already previously disclosed in the Company's Third Quarterly
Report dated May 25, 2005 under item Material Litigation B11
(1b), the Board of Directors of Malaysia Pacific Corporation
Berhad (MPCB) advised that as anticipated, a formal Petition for
Winding Up under Section 218 of the Companies Act, 1965 has now
been served on Taman Bandar Baru Masai Sdn Bhd (formerly known
as Bandar Baru Masai Sdn Bhd) (TBBM), a wholly owned subsidiary
of Creative Ascent Sdn Bhd which is a wholly owned subsidiary of
the company on August 9, 2005 by Asnah Binti Mohd Salleh (the
Petitioner).

The details are:

(A) Date of Petition Served

The Winding-Up Petition was presented at the High Court of
Malaya at Kuala Lumpur on July 22, 2005 and the Petition was
served on TBBM vide Companies (Winding-Up) No. D2-28-534-05 at
its registered office in Kuala Lumpur on August 9, 2005. The
hearing date of the Petition has been fixed on September 13,
2005.

(B) Particulars of Claim

(1) The Petitioner is claiming for the sum of MYR186,455.10
being the balance amount allegedly due and payable as at May 11,
2005 relying on a Consent Judgement dated January 10, 2005
obtained against TBBM vide the Kuala Lumpur High Court
Commercial Division Suit No. S1-22-1257-2004. The Company later,
upon obtaining legal advice, instructed the Company's Bank to
stop payment of the said sum owing to discovery that the Consent
Judgement was obtained by fraudulent means which the Company's
legal advisor is confident it can set-aside.

(2) The Company strenuously and vigorously opposes the Petition
inter alia on the grounds that:

(a) The Petition is found on a Consent Judgement that was
procured due to fraud and/or conspiracy between the Petitioner
and the Petitioner's spouse (one Chut Nyak Isham Bin Nyak Ariff)
who was the substantial shareholder and Director of MPCB; and

(b) There was a failure on the part of the Petitioner and the
Petitioner's spouse to comply with the provisions of Section
132E of the Companies Act, 1965.

(C) The financial and operational impact on the Group

There will be no adverse financial and operational impact on the
Group as TBBM has agreed to deposit with its Solicitors or the
Court a sum exceeding the amount stated pursuant to the Winding-
Up Petition.

(D) Expected losses, if any

The expected losses are limited to the claimed amount of
MYR186,455.10 (if any) and the corresponding legal costs.

(E) Steps taken or proposed to be taken by TBBM

The Company and TBBM have instructed its Solicitors to file
immediately the action to set aside the Consent Judgement,
oppose and/or strike out the Winding-Up Petition and to file
suit to recover whatever monies paid pursuant to the Consent
Judgement.


MERCES HOLDINGS: Works Out Plan to Repay Debt
---------------------------------------------
The Board of Directors of Merces Holdings Berhad advised Bursa
Malaysia Securities Berhad that there has been no further
development or changes in status with respect to the default in
payment.

The Company continues to seek ways and negotiate with the Banker
to work out a satisfactory solution for the repayment of the
banking facilities.

This announcement is dated 9th August 2005.

CONTACT:

Merces Holdings Bhd
Malaysia
Phone: 60 3 2072 8100
Fax: 60 3 2072 8101


METROPLEX BERHAD: Court Adjourns Summary Judgment Hearing
---------------------------------------------------------
Metroplex Berhad (MB) informed Bursa Malaysia Securities Berhad
that the Kuala Lumpur High Court has on August 8, 2005 adjourned
the hearing on MB's appeal to Judge in Chambers against the
Summary Judgement to October 24, 2005.

This announcement is dated 9 August 2005.

CONTACT:

Metroplex Berhad
Level 10, Grand Seasons Avenue,
No. 72, Jalan Pahang,
53000 Kuala Lumpur
Telephone: 03-2931828, 03-4431828
Fax: 03-2912798


KRETAM HOLDINGS: Disposal Proceeds Reach MYR2,385,450
-----------------------------------------------------
The Board of Directors of Kretam Holdings Berhad (KHB) disclosed
to Bursa Malaysia Securities Berhad that it has redeemed MYR70
million nominal amount of RCSLS-A which were issued to the
Lenders pursuant to the Debt Restructuring Scheme that was
announced on April 5, 2002.

The said redemption was from the proceeds received from the
disposal of KHB Group's interest in Yunnan Dehong Husong He
Power Development Co. Ltd. as announced on July 26, 2005. The
balance of the disposal proceeds amounting to MYR2,385,450 will
be utilized to defray the expenses incurred in connection with
the disposal, subject to consent of the RCSLS-A holders.

Nominal amount of RCSLS-A       (RM)

Outstanding balance           127,564,921

Redeemed on 9 August 2005     (70,000,000)

Balance after Redemption       57,564,921

CONTACT:

Kretam Holdings Berhad   
Lot 6, Block 44, Leboh Tiga,
Sandakan Sabah 90000
Malaysia
Telephone: 089-218999   
Fax: 089-275111   


PAN PACIFIC: Status of Payment Default Unchanged
------------------------------------------------
On behalf of the Board of Directors of Pan Pacific Asia Bhd
(PPAB), the company advised Bursa Malaysia Securities Berhad the
Default in Payment as at July 31, 2005 of PPAB and its
subsidiaries in accordance with the Practice Note 1/2001.

The company also informed that there are no material changes in
PPAB's status of default from the date of the last announcement
until July 31, 2005.

For more information, click
http://bankrupt.com/misc/PanPacificAsia081505.xls

CONTACT:

Pan Pacific Asia Bhd
5 Jalan SS 21/39 Damansara Uptown
Unit No. 602b Level 6, Tower B, Uptown 5
47400 Petaling Jaya, Selangor Darul Ehsan 47400
Malaysia
Telephone: +60 3 7727 8168 / +60 3 7727 1622  
Web site: http://www.dno.no


POHMAY HOLDINGS: Court Grants 90-Day Restraining-Stay Order
-----------------------------------------------------------
Pohmay Holdings Berhad (Pohmay) notified Bursa Malaysia
Securities Berhad (Bursa Securities) that the Company and its
following subsidiary companies:

(1) Pohmay Craft Sdn Bhd (101175-U)

(2) Steamer Furniture Industries Sdn Bhd (219006-P)

(3) Pohmay Resources Sdn Bhd (346227-H)

(4) Pohmay Furniture Industries Sdn Bhd (202323-H)

(5) Denverange Sdn Bhd (252814-A)

(6) Patent Collection Sdn Bhd (323642-P)

(7) Decorplus Sdn Bhd (192184-X)

(8) Homeline Marketing Sdn Bhd (436227-V)

(9) Naturest Industries Sdn Bhd (382544-A)

(10) Pohmay Contract Furnishing Sdn Bhd (499617-U)

(11) Pohmay Development Sdn Bhd (499600-X)
(Formerly known as Pohmay East Malaysia Sdn Bhd)

(12) Calamus Plantation Sdn Bhd (377130-K)

(13) Calamus Bukit Kuamas Sdn Bhd (377131-U)

collectively to be referred as (the Group) have been granted a
restraining and stay order (the Order) for a period of 90 days
effective from August 10, 2005 to November 7, 2005 by the Kuala
Lumpur High Court pursuant to Section 176(10) of the Companies
Act 1965. The Court order was given on the August 10, 2005.

The Company furnished the Exchange herewith the following
information for public release;

(1) The Company does not expect the Order to have any material
effect on the financial and operational matters of the Group.

(2) The details and sequence of the events leading to the grant
of the Order are set out in Appendix "A".

(3) The Company is in the midst of finalizing the details of the
Proposed Restructuring Scheme (PRS). A brief summary of the PRS
is as follows:

(a) Proposed Scheme of Arrangement

The Company proposes to seek the indulgence of the lenders and
creditors to restructure the terms and the repayment schedule of
the borrowings of the Group.
(b) Proposed Acquisition, Expansion and Rationalization (the
Proposals)

(i) The Company proposes to rationalize and reorganize the
existing furniture manufacturing operations in order to create a
critical mass so that the Group is able to enjoy economies of
scale.

(ii) The Company proposes to acquire related and synergistic
upstream operations to diversify and widen its existing earning
base of the Group.

(iii) The proposals will be financed through the issuance of
shares of the Company subject to the approval of the relevant
authorities.

The full details of the PRS will be announced to Bursa
Securities upon the finalization/execution of the relevant
agreements.

Appendix "A"

(1) The Group faced numerous suits filed by lenders and trade
creditors who have alleged that outstanding debts are owed to
them.

(2) In an effort to settle the debts and come to an agreement
with the lenders and creditors, the Group had prepared an
initial scheme for the purposes of a debt-restructuring scheme
under Section 176(1) of the Companies Act, 1965.

(3) On the basis of the proposed scheme, the Group had filed an
application under Section 176(10) of the Companies Act, 1965 on
July 29, 2005.

(4) The Group had on 10 August 2005 obtained a restraining and
stay order under Section 176(10) of the Companies Act which in
effect refrains all pending and future proceedings by any
creditor from being proceeded upon or commenced against the
Company and/or its subsidiaries for a period of 90 days.

(5) The restraining and stay order is for the Group to finalize
its scheme of arrangement.

Click for more information
http://bankrupt.com/misc/PohMayHoldings081505.pdf

CONTACT:

Pohmay Holdings Berhad   
No. 23, Jalan Maharajalela,
Kuala Lumpur Wilayah
Persekutuan 50150 Malaysia
Telephone: 03-21419500   
Fax: 03-21417730


PUNCAK NIAGA: Unveils Summons Served on Unit
--------------------------------------------
Puncak Niaga Holdings Berhad (Puncak) provided Bursa Malaysia
Securities Berhad an update on the following Civil Suits:

(1) Kuala Lumpur High Court Civil Suit No.: S2-22-725-2005
Premier Ayer Sdn Bhd v Perbadanan Urus Air Selangor Berhad

(2) Kuala Lumpur High Court Civil Suit No.: S3-22-878-2005
Premier Ayer Sdn Bhd & another v perbadanan urus air selangor
Berhad & two others.

The company informed the Exchange that Puncak's sub-subsidiary,
Perbadanan Urus Air Selangor Berhad (PUAS Berhad) and
subsidiary, Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS) had
been served with the following writs from the solicitors acting
for Premier Ayer Sdn Bhd (Premier Ayer):

(1) Kuala Lumpur High Court Civil Suit No.: S2-22-725-2005
Premier Ayer Sdn Bhd v PUAS Berhad;

(2) Kuala Lumpur High Court Civil Suit No.: S3-22-878-2005
Premier Ayer Sdn Bhd & Another v PUAS Berhad & 2 Others;

(collectively the Suits).

(A) Background

The Contract for Non-Revenue Water Reduction for the State of
Selangor - Phase 2 Works at a total contract sum of
MYR391,500,000.00 (the NRW Contract) was executed between the
State Government of Selangor and Premier Ayer on June 29, 2000.

Pursuant to the Government of Selangor Gazette dated September
25, 2003, all rights and liabilities of the State Government of
Selangor under the NRW Contract had been transferred and vested
upon PUAS Berhad retrospectively on March 15, 2002.

Pursuant to the Concession Agreement dated December 15, 2004
between SYABAS, the State Government of Selangor and the
Government of Malaysia and the Sale & Purchase of Assets and
Shares in PUAS Berhad dated December 8, 2004 between the State
Government of Selangor, Kumpulan Darul Ehsan Berhad, SYABAS and
PUAS Berhad, the management and control of PUAS Berhad and the
management and supervision of the NRW Contract had, inter alia,
been taken over by SYABAS effective from January 1, 2005.

(B) Salient Details of the Suits

The salient details of the Suits are as follows:

(1) Kuala Lumpur High Court Civil Suit No.: S2-22-725-2005
Premier Ayer Sdn Bhd v PUAS Berhad.

Premier Ayer has commenced legal action against PUAS Berhad vide
Kuala Lumpur High Court Suite No.: S2-22-725-2005 Premier Ayer
Sdn Bhd v PUAS Berhad wherein the Writ of Summons and the
Statement of Claim dated June 23, 2005 was served on PUAS
Berhad's solicitors, Messrs. Sivananthan on July 12, 2005 for
the following:

(a) The sum of MYR19,575,000.00;

(b) Interest thereon at 8% per annum from June 23, 2005 until
full realization;

(c) Costs;

(d) Such further and other relief as deemed fit by the High
Court.

Premier Ayer has filed an application to enter judgment
summarily, for which the application has not been fixed for
hearing.

Steps Taken By PUAS Berhad

PUAS Berhad has taken the position that it would retain moneys
due to Premier Ayer under the NRW Contract to account for PUAS
Berhad's right of set-off and counter-claim against Premier Ayer
and has instructed its solicitors, Messrs. Sivananthan to defend
the above claim and to initiate a counter-claim against Premier
Ayer.

(2) Kuala Lumpur High Court Civil Suit No.: S3-22-878-2005

Premier Ayer has filed a legal suit in the Kuala Lumpur High
Court Suit No.: S3-22-878-2005 against, amongst others, PUAS
Berhad and SYABAS, for an account and profits and damages from
alleged infringements of confidential information, copyright and
for the tort of inducing a breach of contract.

Premier Ayer had on August 1, 2005, obtained an ex-parte
injunction restraining PUAS Berhad and SYABAS from inter alia,
using its confidential information, infringing with its
copyright, interfering with the performance of its contractual
obligations and terminating the NRW Contract.

Steps Taken By PUAS Berhad and SYABAS

PUAS Berhad and SYABAS deny the allegations by Premier Ayer and
had instructed its solicitors, Messrs. Sivananthan to initiate
the necessary legal recourse to set aside the injunction.

(C) Financial Effects

The Suits are not expected to have any material effect on the
retained earnings and net tangible assets of Puncak Group for
the financial year ending December 31, 2005.

(D) Further Development

Puncak will make the necessary announcement to the Exchange on
any material developments arising from the Suits.

This announcement is dated 9 August 2005.

CONTACT:

Puncak Niaga Holdings Berhad
Suite 1401-1406, 14th Floor
Plaza See Hoy Chan
Jalan Raja Chulan
50200 Kuala Lumpur
Tel: 03-20318648
Fax: 03-20784386
Web site: http://www.puncakniaga.com.my


SURIA CAPITAL: Court to Hear Appeal on October 20
-------------------------------------------------
Suria Capital Holdings Berhad furnished Bursa Malaysia
Securities Berhad an update on the Kuala Lumpur High Court Suit
No. S1-22-38-04 Times Educational Co. Sdn. Bhd. Vs. Suria
Capital Holdings Berhad (SURIA).

(a) The Court had on August 9, 2005 adjourned the decision on
SURIA's application to adduce fresh evidence relating to the
abovementioned case to August 12, 2005; and

(b) That the hearing of the appeal against judgment dated
January 7, 2005 under Order 14 of the High Court Rules 1980 has
been fixed for mention on October 20, 2005.

Announcement Authorized By:

HJ. Abu Bakar @ Wahab Hj. Abas
Group Managing Director

CONTACT:

Suria Capital Holdings Berhad
Karamunsing, Km 2.4 Jalan Tuaran
88300 Kota Kinabalu, Sabah 88300
Malaysia
Telephone: +60 8 8257 788
Fax: +60 8 8256 410


SYARIKAT KAYU: Wraps Up Rights Issue
------------------------------------
Syarikat Kayu Wangi Berhad (SKW) provided Bursa Malaysia
Securities Berhad an update on Rights Issue.

- Two-call rights issue of 16,276,454 new ordinary shares of
MYR1.00 each in SKW (Rights Shares) together with 8,138,227 free
detachable warrants 2005/2015 at an issue price of MYR1.00 per
rights share, of which the first call of MYR0.70 was payable in
cash upon application and the second call of MYR0.30 was
capitalised from the Revaluation Reserve Account of SKW, on a
renounceable basis of two (2) Rights Shares with one (1) free
warrant 2005/2015 for every two (2) existing ordinary shares of
MYR1.00 each in SKW held by the entitled shareholders of SKW at
5:00 p.m. on June 16, 2005 (Rights Issue with new warrants)

- Issuance of 10,000,000 new ordinary shares of MYR1.00 each
(Settlement Shares) in SKW at an issue price of MYR1.00 per
settlement share, as part settlement of the indebtedness owing
by SKW to a financial institution (Debt Settlement).

On behalf of the Board of Directors of SKW, PM Securities Sdn
Bhd advised the bourse that the Rights Issue with New Warrants
and Debt Settlement of SKW have been completed on August 5,
2005, being the date of the listing and quotation of the Rights
Shares, Warrants 2005/2015, additional Warrants 1997/2007 and
Settlement Shares on the Second Board of Bursa Malaysia
Securities Berhad.

This announcement is dated 9 August 2005.

CONTACT:

Syarikat Kayu Wangi Bhd   
Wisma Ng Hoo Tee, 79,
Jalan Muar, Parit Sulong,
Batu Pahat Johor 83500
Telephone: 07-4186230,07-4186236   
Fax: 07-4187519


TELEKOM MALAYSIA: Bourse Lists 381,000 New Shares
-------------------------------------------------
Telekom Malaysia Berhad advised that its additional 381,000 new
ordinary shares of MYR1.00 each issued pursuant to the Employee
Share Option Scheme will be granted listing and quotation with
effect from 9:00 a.m., Friday, August 12, 2005.

CONTACT:

Telekom Malaysia Berhad
Level 51, North Wing, Menara Telekom,
Off Jalan Pantai Baharu
50672 Kuala Lumpur, Malaysia  
Phone: +60-3-2240-9494
Fax: +60-3-2283-2415S


UNITED CHEMICAL: Provides Bourse with Update on Payment Default
---------------------------------------------------------------
The Board of Directors of United Chemical Industries Berhad
(UCI) informed Bursa Malaysia Securities Berhad that further to
the announcement made on July 6, 2005, there are no new
significant developments in relation to the various default in
payment.

The Board of Directors of UCI would like to further provide an
update on the details of all facilities currently in default in
compliance with Section 3.1 of Practice NoteNo.1/2001.

To view a full copy of Table A, click
http://bankrupt.com/misc/UnitedChemical081505.xls

This announcement is dated 10 August 2005.


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

AL-AMANAH BANK: Government Moves to Revive Islamic Bank
-------------------------------------------------------
The Department of Finance (DoF) will pursue the rehabilitation
of Al-Amanah Bank (formerly Philippine Amanah Bank) and erase
its liabilities and bad loans, The Manila Bulletin has learned.

The DoF, which is handling the state privatization program, is
seeking the help of government financial institutions including
Land Bank of the Philippines and the Development Bank of the
Philippines (DBP) to eliminate its Php500 million in
liabilities.

While Al-Amanah's privatization program is still being mapped
out, the DoF is focusing on cleaning up the bank's debt burden.

Al-Amanah Bank, the only recognized Islamic bank in the country
since 1973, is supervised by the Bangko Sentral ng Pilipinas
(BSP). Al-Amanah Bank's board includes the National Government,
DBP and the Social Security System.

With the amendment of the law that created the Islamic bank,
private groups are now allowed to own the majority of the bank.
But the DoF is still cleaning up its liabilities before being
placed on the auction block.

In the past a number of groups have expressed interest in
purchasing controlling interests in Al-Amanah Bank including the
Islamic Development Bank of Jeddah.

In 1990, Al-Amanah Bank had an authorized capital stock of P1
billion. At least three administrations tried to privatize the
bank, first in 1998 under the government of President Fidel
Ramos, then again in the Estrada and now Arroyo mantle.

In 1998 President Ramos approved the rehabilitation of the
Islamic bank as recommended by the BSP Monetary Board.

CONTACT:

Al-Amanah Islamic Investment Bank of The Philippines

Makati Executive Office
G/F - NDC Building
116 Tordesillas St., Salcedo Village,
Makati City
Phone: 816-42-58/893-43-50
Fax: 819-52-49

Head Office
G/F Mindpro Bldg., La Purisima St,
Zamboanga City.
Phone: (062) 991-4158
Fax : (062) 991-2030

Web site: http://www.islamicbank.com.ph/


HACIENDA LUISITA: Closure Threatens Sugar Supply
------------------------------------------------
The impending closure of Hacienda Luisita sugar mill posed a
threat to the sugar supply in Luzon, according to The Philippine
Daily Inquirer.

The Sugar Regulatory Authority (SRA) noted that the long-
standing labor row that led to the temporary closure of Hacienda
Luisita has a direct and negative impact on sugar supply, as the
mill processes 80,000 tons of sugar annually.

With the closure of Luisita, the sugar mills in neighboring
Pampanga province could not accommodate the sugarcanes being
harvested in Tarlac and Pampanga.

The closure also affects total Philippine sugar production this
year, which has dropped to 2.15 million metric tons from 2.2
million metric tons from last year's cropping season.

As a result, farm-gate prices have surged to Php800-Php900 per
50-kilogram bag from Php740 last year.


LEPANTO CONSOLIDATED: Refuses to Rehire 19 Workers
--------------------------------------------------
The labor dispute at Lepanto Consolidated Mining Company is far
from over after the miner refused to agree to settlement
proposals, SunStar Daily reports.

The multi-sectoral group (MSG) tasked to end the labor row
proposed the he reinstatement of the 19 union officials who
spearheaded the strike that started June 2 and were subsequently
dismissed.

The MSG, composed of 46 sectoral representatives of Mankayan,
was formed to come up with recommendations to help end the labor
problem, which is claimed to have crippled Lepanto's underground
operations for more than two months now.

But the Lepanto management said it cannot accede to the body's
recommendations because the 19 union officers were the same
(individuals) who went on illegal strike in 2003. Instead, the
mining firm advised the union officials to file illegal
dismissal case before the National Labor Relations Commission
(NLRC).

Other proposals made by the MSG were for the picketing miners to
submit a letter of apology to the Department of Labor and
Employment (Dole) and the company for their misgivings, and to
convince their colleagues to go back to work, and for management
not to take any retaliatory actions against the returning
workers.

The striking employees, meanwhile, are yet to come up with a
stand on the MSG suggestions, although they already manifested
in previous statements they would remain at the picket line
pending the reinstatement of their officials.

CONTACT:

Lepanto Consolidated Mining Co.
21st Floor, Lepanto Building
8747 Paseo de Roxas
1226 City of Makati
Telephone No. 815-9447
Fax: 63 (2) 812-0451/63 (2) 810-5583
E-mail: mis@lepantomining.com
Web site: http://www.lepantomining.com


MANILA ELECTRIC: Unaware of SC's Rejection of Price Hike Bid
------------------------------------------------------------
The Manila Electric Company (Meralco) issued this announcement
in reference to the news article entitled "Supreme Court rejects
Meralco plea" published in the August 12, 2005 issue of the
Philippine Daily Inquirer (Internet Edition).

The article reported in part that:

"The Supreme Court has rejected with finality a bid of power
retailer Manila Electric Co. to raise its rate by Php0.12 per
kilowatt-hour, saying a decision of the Energy Regulatory
Commission (ERC) to approve the increase in 2004 constituted
'grave abuse of discretion'. In a resolution dated Aug. 9
denying the motions for reconsideration filed by Meralco and the
ERC, the Supreme Court said Meralco's petition became a non-
issue when it opted to use ERC's new guidelines on power rate
increases."

In relation to Circular for Borkers No. 2675-2005 dated June 1,
2005, Manila Electric Company, in its letter dated August 12,
2005, informed the Exchange that:

"As of this writing, Meralco has not received a copy of the
alleged Supreme Court denial.

"The article apparently refers to Merlaco's rate application,
docketed as ERC Case No. 2003-480, which was earlier withdrawn
by the Company with the approval of the Energy Regulatory
Commission (ERC) per Order dated May 25, 2005. in said case, the
ERC granted the Company a provisional authority for a 12
centavos average increase but was restrained by the Supreme
Court's status quo order.

"On May 31, 2005, the Company filed a new application for an
average rate adjustment of 14.76 centavos per kWh before the
ERC, consistent with the pronouncement of the High Court in its
Decision dated June 15, 2004 for the Company to 'begin again on
a clean slate'.

"Proper disclosure will be made upon receipt of an official copy
of the Supreme Court's ruling."

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


METRO PACIFIC: Unveils Results of ASM, Board Meeting
----------------------------------------------------
In compliance with the continuing disclosure requirements of the
Exchange, Metro Pacific Corporation submitted a copy of SEC Form
17-C concerning the matters taken up during the annual meeting
of the stockholders and the organizational meeting of the Board
of Directors of Metro Pacific Corporation both held Friday, 12
August 2005.

Election of Directors and Officers

a. At the annual meeting of the stockholders of the Corporation
held on 12 August 2005, following were elected as directors of
the Corporation for the ensuing fiscal year:

Manuel V. Pangilinan
Jose Ma. K. Lim
Edward A. Tortorici
Alfred Xerez-Burgos, Jr.
Edward S. Go - Independent Director
Enrique P. Esteban - Independent Director
Augusto P. Palisoc, Jr.
Amado R. Santiago III
Sulficio O. Tagud, Jr.
E. Gemma M. Santos
Antonio A. Picazo

b. At the organizational meeting which followed the
aforementioned annual meeting of stockholders, the following
were elected as officers of the Corporation for the ensuing
fiscal year:

Manuel V. Pangilinan - Chairman
Jose Ma. K. Lim - President
Vivian S. Liban - Treasurer
Antonio A. Picazo - Corporate Secretary
Gemma M. Santos - Assistant Corporate Secretary

Other Matters

a. Appointment of External Auditors

At the annual meeting of the stockholders of the Corporation
held on August 12, 2005, SGV & Co. was re-appointed as the
external auditors of the Corporation.

b. Approval of Executive Stock Option Plan

At the annual meeting of the stockholders of the Corporation
held on August 12, 2005, the stockholders representing at least
two-thirds (2/3) of the outstanding capital stock of the
Corporation approved the Executive Stock Option Plan (ESOP).
Under the ESOP, the maximum number of shares that may be issued
upon exercise of all options to be granted under the ESOP and
other stock option plans of the Corporation must not exceed ten
percent (10%) of the outstanding common shares of the
corporation. Stock options may be granted to individuals, who,
at the time of the grant, are full time senior management
officers of the Corporation (including the Company's
subsidiaries) and/or directors.

The Compensation Committee, whose members shall be appointed by
the Corporation's Board of Directors, shall administer the ESOP.
The ESOP shall be valid for a period of ten (10) years from its
adoption.

CONTACT:

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


NATIONAL BANK: Union Bank Wins Initial Bidding
----------------------------------------------
Union Bank of the Philippines has on Friday outbid tycoon Lucio
Tan for a 67-percent stake in semi-private Philippine National
Bank (PNB), Reuters reports.

Mr. Tan's group was given 15 days to match Union Bank's bid of
Php43.77 per share in the country's fourth largest bank.

The government and Mr. Tan, jointly owning the 67-percent stake
up for sale, had set a floor price of Php43 per share. The price
values the bank at around Php16.5 billion (US$295 million).

The PNB stake sale is the country's biggest privatization since
1997 and is expected to help plug the state's budget deficit and
speed up the reform of the bad loan-ridden baking sector.

The government is keen to sell assets to cut its budget deficit,
and said it wants to use the proceeds of the PNB sale to plug
the estimated Php5 billion it is losing every month as a result
of the Supreme Court's freeze on an expanded sales tax.

In 2002 the government bailed out PNB with Php25 billion after
the bank suffered massive withdrawals on worries about its hefty
bad loans, which still make up 25 percent of its total loans.

As part of the bailout agreement, the government had the
prerogative to trigger the joint sale. It expects to get about
Php2 billion from the sale of its stake with the rest going to
the Philippine Deposit Insurance Corp. (PDIC), which extended
the emergency assistance together with the central bank.

PNB has more than 300 branches across the country and is the
leading provider of remittance services for millions of
Filipinos working abroad.

CONTACT:

Philippine National Bank
Pres Diosdado P Macapagal Boulevard
PNB Financial Center
Pasay 1300
Philippines
Phone: +63 2 891 6040
Fax: +63 2 551 5187
Web site: http://www.pnb.com.ph/


NATIONAL BANK: Stocks Drop After Auction
----------------------------------------
Shares in Philippine National Bank (PNB) dipped 15.79 percent to
Php40 after the auction of a 67-percent stake in the bank held
by the government and the group pf tycoon Lucio Tan, Reuters
reveals.

The market was reportedly disappointed that the bids came in
just slightly over the floor price of Php43 per share, after
expectations of a higher selling price had fuelled buying in the
stock last week.

Union Bank of the Philippines, which won the initial bidding for
PNB, slid 3.03 percent to Php32.


PAMINTUAN ENTERPRISES: Wins Court's Favor
-----------------------------------------
Pamintuan Enterprises (Davao) Inc., the holding Company of Apo
View Hotel, recently won its battle against its creditors,
BusinessWorld reports.

The Court of Appeals has upheld a lower court decision
suspending all claims by Banco Filipino and other creditors
against the holding firm.

Earlier, Banco Filipino questioned the ruling of Judge Carpio,
who ordered the creditors, including the bank, to stop pursuing
their claims despite the hotel's failure to settle its debt.

Apo View management's lawyer Jesus Zozobrado Jr. said that the
ruling will allow the hotel management to strengthen its
rehabilitation program for Apo View, which is among the
landmarks in Davao City.

The hotel issue stemmed from the Php211-million loan of the
hotel from the bank that it has failed to settle for over nine
years.

The hotel was nearly taken over by Banco Filipino in the past,
if not for court rulings, which prevented such action.

Japanese investors were even believed to have signified interest
in acquiring the hotel.

Aside from the legal dispute against creditors, the hotel
several years ago was beset by the struggle among members of the
Pamintuan family on who should run the hotel. This was resolved
when the family patriarch, Mariano Pamintuan, died.


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

BODUM PTE: Liquidator Sets Deadline for Claims Submission
---------------------------------------------------------
Notice is hereby given that the creditors of Bodum (Singapore)
Pte Limited, whose debts or claims have not already been
admitted, are required on or before Sept. 12, 2005 to submit
particulars of their debts or claims and any security held by
them to the Liquidator of the Company.

This should be done by delivering or sending through the post a
formal Proof of Debt, in accordance with Form 77, containing
their respective debts or claims to the Liquidator's office.
Failure to do so would exclude creditors from the benefit of any
distribution made before their debts or claims are proved or
their priority is established, and from objecting to the
distribution.

Dated this 12th day of August 2005

Lim Say Wan
Liquidator
c/o 6 Shenton Way
#32-00 DBS Building Tower Two
Singapore 068809


HOWTECK ENGINEERING: Creditor Files Winding Up Petition
-------------------------------------------------------
Notice is hereby given that United Overseas Bank Limited, a
creditor of Howteck Engineering Pte Limited, filed a winding up
petition against the Company on Aug. 3, 2005.

The petition is to be heard before the Court sitting at the High
Court of Singapore on Aug. 26, 2005, 10:00 a.m.

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

The Petitioner's address is at 80 Raffles Place, UOB Plaza,
Singapore 048624.

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

Messrs Shook Lin * Bok
Solicitors for the Petitioner

Note:

Any person who intends to appear the hearing of the petition
must serve on or send by post to the Petitioner's solicitors,
notice in writing of his intention to do so. The notice must
state the name and address of the person, or if a firm, the name
and address of the firm, and must be signed by the person, firm,
or his or their solicitors (if any) and must be served, or, if
posted, must be sent by post in sufficient time to reach the
solicitors not later than 12:00 p.m. of Aug. 25, 2005 (the day
before the day appointed for the hearing of the petition).


ID CONNECT.COM: Court Orders Winding Up
---------------------------------------
In the matter of ID Connect.com Pte Limited, the Singapore High
Court issued a winding up order against the Company on July 29,
2005, with the following details:

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

Dated this 4th day of August 2005

Messrs. Guan Teck & Lim
Solicitors for the Petitioners

Note:

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

(a) All debts due to the Company should be forwarded to the
liquidator.

CONTACT:

ID Connect.com Pte Limited
Orchard Service Center
68 Orchard Road
#04-06 Plaza Singapura
Singapore 238839
Phone: 65 6337 0055
Email: cs@idconnect.com
Web site: http://www.idconnect.com/


MYRIAD FORTE: Winding Up Process Initiated
------------------------------------------
In the matter of Myriad Forte Projects Pte limited, the
Singapore High Court issued a winding up order against the
Company on Aug. 5, 2005, with the following details:

Name and address of the Liquidator: Lau Chin Huat
Lau Chin Huat & Co.
Blk 150A, Mei Chin Road #02-00
Singapore 140150

UNILEGAL LLC
Solicitors for the Petitioners

Note:

(a) All creditors of the company should file their proof of debt
with the liquidator who will be administering all affairs of the
company.

(b) All debts due to the Company should be forwarded to the
liquidator.

CONTACT:

Myriad Forte Projects Pte Limited
30 Penjuru Road
Hong Lim Industries SG
Singapore 609135
Phone: 65 6561 3928
Fax:   65 6561 3928


SAKURA MERCHANT: Creditors Must Submit Debt Claims Next Month
-------------------------------------------------------------
Notice is hereby given that the creditors of Sakura Merchant
Bank Limited, whose debts or claims have not already been
admitted, are required on or before Sept. 12, 2005 to submit
particulars of their debts or claims and any security held by
them to the Company Liquidator.

This should be done by delivering or sending through the post a
formal Proof of Debt, in accordance with Form 77, containing
their respective debts or claims to the Liquidator's office.

In default thereof, creditors will be excluded from the benefit
of any distribution made before their debts or claims are proved
or their property is established, and from objecting ot the
distribution.

Dated this 12th day of August 2005

Lim Say Wan
Liquidator
c/o 6 Shenton Way
#32-00 DBS Building Tower Two
Singapore 068809


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

MANAGER MEDIA: Net Loss Shrinks to THB32,685,000
------------------------------------------------
Manager Media Group Public Co. Ltd. furnished the Stock Exchange
of Thailand (SET) a summary of its Reviewed Quarterly Financial
Statements for the second quarter for the period ended June 30,
2005.
              
Manager Media Group Public Company Limited
Reviewed Ending June 30
(In thousands)

                         Quarter 2             For 6 Months
Year                2005        2004        2005        2004

Net profit (loss)  (32,685)    6,657      (83,402)      12,150

EPS (baht)        (0.25000)    0.06000    (0.56000)    0.12000

Type of report: Unable to reach any conclusion

Comment: Please see details in financial statements, auditor's
report and remarks from SET SMART.

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

Saowaluck Teeranujunyong
Position Plan Adminstrator
Authorized to sign on behalf of the company

CONTACT:

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


MANAGER MEDIA: SET Suspends Securities Trading
----------------------------------------------
Manager Media Group Public Company Limited (MGR) has submitted
to the Stock Exchange of Thailand (SET) its reviewed financial
statements for the period ending June 30, 2005.

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

The SET, then, informs shareholders and investors of the above-
matter to scrutinize the auditor 's report on its financial
statements.

The SET has still suspended trading on the securities of MGR in
view of the fact that MGR must prepare a rehabilitation plan.


THAI AIRWAYS: Undergoes Management Restructuring
------------------------------------------------
Thai Airways International Public Company Limited unveiled in
company news that the Board of Directors concluded that due to
the current fuel crisis and in order to operate effectively
during this situation, the airlines' Board issued the company's
regulation for administrative issue (No.3) 2005.

Therefore, Thai Airways' Board of Directors granted management
authorities to Mr. Somchainuk Engtrakul, Member of the company's
Board of Directors, effective August 11, 2005.  Mr. Kanok
Abhiradee remains in his position as THAI's President overseeing
general activities.

Mr. Kaweepan Raungpaka, Executive Vice President for Finance and
Accounting, was appointed Executive Vice President, Human
Resources Development & Management Department. Mrs. Ngamnit
Sombutpibool, Executive Vice President, System Audit Department,
was appointed Executive Vice President for Finance and
Accounting.

CONTACT:

Thai Airways International Plc   
Suite 30.01, 30th Floor, Wisma Goldhill,
67 Jalan Raja Chulan, Kuala Lumpur
Wilayah Persekutuan 50200
Malaysia
Telephone: 03-20312900,03-20311900   
Fax: 03-20325805  


THAI WIRE: Releases 2Q Financial Statement
------------------------------------------
Thai Wire Public Co. Ltd. issued to the Stock Exchange of
Thailand (SET) a summary of its second quarter Reviewed
Quarterly Financial Statements for the period ended June 30,
2005.

Thai Wire Products Public Company Limited
Reviewed Ending June 30
(In thousands)

                         Quarter 2           For 6 Months
Year                 2005        2004        2005        2004

Net profit (loss)   61,395    68,444    114,915    104,377

EPS (baht)            2.27    3.11         4.26    4.74

Type of report: Unqualified Opinion

Comment: Please see details in financial statements, auditor's
report and remarks from SET SMART.

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

Mr. Siva Nganthavee
Director
Authorized to sign on behalf of the company

CONTACT:

Thai Wire Products Public Company Limited   
Zeer Street Bldg, Fl7, 99/2 Moo 8,
Phaholyothin Road Pathum Thani    
Telephone: 0-2992-6867   
Fax: 0-2992-6870-1   





BOND PRICING: For the Week 15 August to 19 August 2005
------------------------------------------------------

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


AUSTRALIA
---------
Advantage Group Ltd                  10.000%     4/15/06     1
Ainsworth Game                        8.000%    12/31/09     1
Amcom Telecommunications Ltd         10.000%    10/28/07     2
APN News & Media Ltd                  7.250%    10/31/08     5
A&R Whitcoulls Group                  9.500%    12/15/10     8
Arrow Energy NL                      10.000%     3/31/08     1
Babcock & Brown Pty Ltd               8.500%    12/31/49     8
Becton Property Group                 9.500%     6/30/10     1
BIL Finance Ltd                       8.000%    10/15/07     9
BIL Finance Ltd                       8.750%    10/15/05     9
BIL Finance Ltd                       9.250%    10/15/06     8
Capital Properties NZ Ltd             8.500%     4/15/07     8
Capital Properties NZ Ltd             8.500%     4/15/09     8
CBH Resources                         9.500%    12/16/09     1
Chrome Corporation Ltd               10.000%     2/28/08     1
Djerriwarrh Investments Ltd           6.500%     9/30/09     4
Evans & Tate Ltd                      8.250%    10/29/07     1
Fletcher Building Ltd                 7.550%     3/15/11     8
Fletcher Building Ltd                 7.800%     3/15/09     8
Fletcher Building Ltd                 7.900%    10/31/06     8
Fletcher Building Ltd                 8.300%    10/31/06     8
Fletcher Building Ltd                 8.600%     3/15/08     7
Fletcher Building Ltd                 8.750%     3/15/06     8
Fletcher Building Ltd                 8.850%     3/15/10     8
Fernz Corp Ltd                        8.560%    10/15/06     8
Futuris Corporation Ltd               7.000%    12/31/07     2
GPS Online Ltd                       10.000%     6/30/06     1
Gympie Gold Ltd                       8.500%     9/30/07     1
Hy-Fi Securities Ltd                  7.000%     8/15/08     7
Hy-Fi Securities Ltd                  8.750%     8/15/08    10
Hudson Timber Products Ltd            7.000%    12/31/10     1
Hutchison Telecoms Australia          5.500%     7/12/07     1
Infrastructure & Utilities NZ Ltd     8.500%     9/15/13     8
Infrastructure & Utilities NZ Ltd     8.500%    11/15/15     8
Kagara Zinc Ltd                       9.750%     5/06/07     1
Nuplex Industries Ltd                 9.300%     9/15/07     8
Pacific Print Group Ltd              10.250%    10/15/09    11
Primelife Corporation                 9.500%    12/08/06     1
Primelife Corporation                10.000%     1/31/08     1
Riversdale Mining Ltd                 8.000%    12/31/05     1
Salomon SB Australia                  4.250%     2/01/09     8
Sapphire Securities Ltd               7.410%     9/20/35     7
Sherlock Bay Nickel                  12.000%     9/01/07     1
Silver Chef Ltd                      10.000%     8/31/08     1
Software of Excellence                7.000%     8/09/07     1
Strathfield Group                    11.000%    12/31/05     1
Sunshine Gas Company Ltd             12.000%     9/30/06     1
Sydney Gas Company                   12.000%     4/01/06     1
Tower Finance Ltd                     8.650%    10/15/09     8
Tower Finance Ltd                     8.750%    10/15/07     8
TrustPower Ltd                        8.300%     9/15/07     7
TrustPower Ltd                        8.300%    12/15/08     7
TrustPower Ltd                        8.500%     9/15/12     8
TrustPower Ltd                        8.500%     3/15/14     8
Vision Systems Ltd                    9.000%    12/15/08     2

  KOREA
  -----

Korea Electric                        7.950%     4/01/96    48



MALAYSIA
--------

Aliran Ihsan Resources Bhd            5.000%    11/29/11     1
Artwright Holdings Bhd                5.500%     3/06/07     1
Asian Pac Holdings Bhd                4.000%    12/22/05     1
Berjaya Group Bhd                     5.000%    10/17/09     1
Berjaya Land Bhd                      5.000%    12/30/09     1
Berjaya Sports Toto Bhd               8.000%      8/04/12    4
Camerlin Group Bhd                    5.500%      7/15/07    1
Crescendo Corporation Bhd             3.000%      8/25/07    1
Crest Builder Holdings Bhd            7.000%      2/24/06    1
Dataprep Holdings Bhd                 4.000%      8/06/07    1
Denko Industrial Corporation Bhd      5.000%      3/15/07    1
Eden Enterprises (M) Bhd              2.500%     12/02/07    1
EG Industries Bhd                     5.000%      6/16/10    1
Fountain View Development Sdn Bhd     3.500%     11/03/06    1
Furqan Business Organization          2.000%     12/19/05    1
Greatpac Holdings Bhd                 2.000%     12/11/08    1
Gula Perak Bhd                        6.000%      4/23/08    1
Hong Leong Industries Bhd             4.000%      6/28/07    1
Huat Lai Resources Bhd                5.000%      3/28/10    1
I-Berhad                              5.000%      4/30/07    1
Insas Bhd                             8.000%      4/19/09    1
Integrax Bhd                          3.000%     12/24/05    1
Kamdar Group Bhd                      3.000      11/09/09    1
Killinghall Bhd                       5.000%      4/13/09    1
Konsortium Lebuhraya                  4.000%      7/15/19   70
Konsortium Lebuhraya                  4.000%      1/15/20   69
Konsortium Lebuhraya                  4.000%      7/15/20   68
Konsortium Lebuhraya                  4.000%      1/15/21   67
Konsortium Lebuhraya                  4.000%      7/15/21   66
Konsortium Lebuhraya                  4.000%      1/14/22   64
Konsortium Lebuhraya                  4.000%      7/15/22   63
Kosmo Technology Industrial Bhd       2.000%      6/23/08    1
Kretam Holdings Bhd                   1.000%      8/10/10    1
Kumpulan Jetson                       5.000%     11/27/12    1
LBS Bina Group Bhd                    4.000%     12/29/06    1
LBS Bina Group Bhd                    4.000%     12/31/07    1
LBS Bina Group Bhd                    4.000%     12/31/08    1
LBS Bina Group Bhd                    4.000%     12/31/09    1
Lebar Daun Bhd                        2.000%      1/06/07    3
Lion Diversified Holdings Bhd         2.000%      6/01/09    1
Media Prima Bhd                       2.000%      7/18/08    1
Mithril Bhd                           3.000%      4/05/12    1
Mithril Bhd                           8.000%      4/05/09    1
Mutiara Goodyear Development Bhd      2.500%      1/15/07    1
Naim Indah Corporation Bhd            0.500%      8/24/06    1
Nam Fatt Corporation Bhd              2.000%      6/24/11    1
Pantai Holdings Bhd                   5.000%      3/28/07    1
Pantai Holdings Bhd                   5.000%      7/31/07    1
Patimas Computers Bhd                 6.000%      2/19/06    1
Poh Kong Holdings Bhd                 3.000%      1/20/07    1
Prinsiptek Corporation Bhd            2.000%     11/20/06    1
Puncak Niaga Holdings Bhd             2.500%     11/18/16    1
Ramunia Holdings                      1.000%     12/20/07    1
Rashid Hussain Bhd                    0.500%     12/24/12    1
Rashid Hussain Bhd                    3.000%     12/24/12    1
Rhythm Consolidated Bhd               5.000%     12/17/08    1
Silver Bird Group Bhd                 1.000%      2/15/09    1
Southern Steel                        5.500%      7/31/08    1
Tanah Emas Corporation Bhd            2.000%     12/09/06    1
Talam Corporation Bhd                 7.000%      4/19/06    1
Tap Resources Bhd                     2.000%      6/29/06    1
Tenaga Nasional Bhd                   3.050%      5/10/09    1
Time Engineering Bhd                  2.000%     12/25/05    1
Tradewinds Corporation Bhd            2.000%      2/8/12     1
VTI Vintage Bhd                       4.000%      8/22/06    1
WCT Land Bhd                          3.000%      8/02/09    1
Wah Seong Corp                        3.000%      5/21/12    3


SINGAPORE
---------

Sengkang Mall                         8.000%     11/20/12    1
Structural System Singapore          11.000%      6/30/07    1
Tampines Assets Ltd                   5.625%     12/07/06    1
Tincel Limited                        7.400%      6/13/11    1





                            *********


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

Troubled Company Reporter -- Asia Pacific is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan, Reiza
Dejito and Erica Fernando, Editors.

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

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