TCRAP_Public/050831.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Wednesday, August 31, 2005, Vol. 8, No. 172

                            Headlines

A U S T R A L I A

A.C.N. 051: Members Decide to Wind Up Firm
AMBIENCE INTERNATIONAL: Set to Declare Dividend September 1
ARIGINISLE LIMITED: Court Orders Liquidation
ATHERTON SHOPFITTING: Creditors Confirm Liquidator's Appointment
BROOKVALE CAR: Brian Silvia Named Liquidator

CARDON PTY: Members Agree to Cease Operations
EG GREEN: Graziers Cry Foul Over Corporate Giants' Tactics
EMARRESS HARVESTING: Inability to Pay Debts Prompts Wind Up
EXICOM AUSTRALIA: Liquidator to Detail Wind Up Manner
G.M.C. CORPORATION: Members Pass Winding Up Resolution

HIH INSURANCE: Williams' Bankruptcy Linked to Collapse
HYDE ENGINEERING: To Pay Dividend to Creditors
ION LIMITED: EPA License Secured, Further Restructuring Required
JAMES HARDIE: SB Downgrades Despite Strong U.S. Outlook
JAMES HARDIE: GSJBW Cuts Rating to Marketperform

JB POKER: Creditors Ratify Appointment of Liquidator
LIME STREET: Members Agree to Wind Up Business
MELREN FARMS: Placed Under Voluntary Liquidation
MORONI TRANSPORT: To Distribute Dividend Soon
OCEANIA AIR: Schedules Final Meeting Sept. 7

OSWALD GREEN: Appoints Official Liquidator
PACIFIC RETAIL: Finance Unit Nears Sale; Execs Leave
QANTAS AIRWAYS: More Jobs at Risk After Loss of SingAir Contract
SANDOW TRANSPORT: Liquidator to Distribute Company Assets
SATURDAY NIGHT: Members, Creditors to Hear Wind-up Report

SONS OF GWALIA: Shareholders Jostle for Share of Assets
STAR CHROME: Prepares to Close Down Business
UPPER HUNTER: Members Set to Discuss Liquidation Matters
VILLAGE ROADSHOW: Suffers 22% Fall in Profit
* Study Shows Family Firms Heading for Crisis


C H I N A  &  H O N G  K O N G

BESTWAY INTERNATIONAL: Executive Yang Ting Resigns
CAPISCES INTERNATIONAL: Court Issues Winding Up Order
CHINA MERCHANTS: Director Wu Shiyue Quits Post
GRACESINO INVESTMENT: Winding Up Hearing Set October 12
GUANGDONG KELON: To Resume Large-Scale Production

HONDELA FINANCE: Issues Debt Claim Notice
KIN MING: Court Issues Winding Up Order
MANSION FIRE: Court Directs Firm to Wind Up
NANJING FIAT: Fiat Appoints Italian Executive to Head China JV
NETEL TECHNOLOGY: FY05 Net Loss Narrows to HK$13 Mln

PARAGON SEARCH: To Undergo Winding Up Process
TC MANUFACTURES: Creditors Meeting Fixed September 6
TRUELY LOVE: Begins Winding Up Process
WEALTHY UNIT: Faces Liquidation Proceedings


I N D O N E S I A

DIRGANTARA INDONESIA: Indonesian Military Eyes 10 Cassa 212s
PERTAMINA: Government Plans to Regulate Oil Distribution
PERTAMINA: To Raise Gasoline Prices, Lower Price of Diesel


J A P A N

FUJITSU MEDIA: METI Approves Restructuring Scheme
JAPAN AIRLINES: To Raise Domestic Fares in January
MITSUBISHI MOTORS: MMPC Delays Export Plan
PARE COMPANY: METI OKs Restructuring Plan
SOFTBANK CORPORATION: To Raise JPY50 Bln Via Bond Issue

* S&P Says Restructuring Has Benefited Japanese Trust Banks


K O R E A

DAEWOO GROUP: Founder to Undergo Heart Surgery
DAEWOO SHIPBUILDING: July Net Income Drops to KRW8.3Bln


M A L A Y S I A

ANTAH HOLDING: Welcomes New Remuneration Committee Member
CONSOLIDATED FARMS: Court Grants RO Extension
CYGAL BERHAD: Creditors Agree to Extend Settlement Agreement
DFZ CAPITAL: Swings to Black in Second Quarter
DFZ CAPITAL: To Pay Creditors Dividend on October

HABIB CORPORATION: Concludes Book Building Exercise
K.P. KENINGAU: Payment Default Totals MYR40,487,909.82
LEBAR DAUN: Releases 2Q Financial Statement
LEBAR DAUN: Unit Terminates Issuance of Commercial Paper
LEBAR DAUN: Unveils Financial Assistance Provision

MENTIGA CORPORATION: Posts MYR4,992,000 Net Loss
MTD CAPITAL: Sees No Developments on MOA
SARAWAK ENTERPRISE: Receives Takeover Offer from Newfields
SETEGAP BERHAD: Net Loss Slides to MYR4,427,000
SUREMAX GROUP: Warrants' Subscription Rights Expires October

TIMBERWELL BERHAD: Back to Black with MYR3,764,000 2Q Net Profit


P H I L I P P I N E S

LEPANTO CONSOLIDATED: Benguet Board Pushes for Peace in Mines
METRO PACIFIC: Seeks Control of Skyway Project
NATIONAL BANK: Allied Bank Denies Merger Talks
NATIONAL TRANSMISSION: Speeds Up Project to Avert Power Crisis
UNITED PARAGON: Capital Restructuring Nears Completion


S I N G A P O R E

ACCORD CUSTOMER: Clarifies 2004 Annual Report
DIGILAND INTERNATIONAL: Court OKs Proposed Scheme to Creditors
DIGILAND INTERNATIONAL: Net Loss Cut by Half
EI-NETS LIMITED: 2005 Net Loss Narrows
HESHE HOLDINGS: Net Loss Widens by 80%

NG CHYE: Intends to Distribute Dividend
SUNWAY BUSINESS: Liquidator to Detail Wind Up Manner
UNITED FIBER: Clarifies Reports on Paper Firm Acquisition
XUNG ASIA: Court Releases Winding Up Order


T H A I L A N D

PICNIC CORPORATION: Details Capital Increase in Units
TONGKAH HARBOUR: Unit Slapped with THB491,531.24 in Claims

     -  -  -  -  -  -  -  -

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

A.C.N. 051: Members Decide to Wind Up Firm
------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of A.C.N. 051 457 071 Pty Limited held on July 20,
2005, it was resolved that the Company be wound up voluntarily,
and Peter Hillig of Smith Hancock Chartered Accountants, Level
4, 88 Phillip Street, Parramatta NSW 2150 was appointed
Liquidator at a creditors' meeting held that same day.

Dated this 20th day of July 2005

Peter Hillig
Liquidator
Smith Hancock
Chartered Accountants
Level 4, 88 Phillip Street
Parramatta NSW 2150


AMBIENCE INTERNATIONAL: Set to Declare Dividend September 1
-----------------------------------------------------------
Ambience International Pty Limited will declare a first and
final dividend on Sept. 1, 2005.

Creditors who were not able to prove their debts or claims will
be excluded from the benefit of the dividend.

Dated this 1st day of July 2005

Philip G. Jefferson
Liquidator
c/o Horwath Jefferson Stevenson
Level 4, 370 Queen Street
Brisbane Qld 4000


ARIGINISLE LIMITED: Court Orders Liquidation
--------------------------------------------
On July 21, 2005, the Supreme Court of New South Wales, Equity
Division ordered the winding up of Ariginisle Limited, and
appointed Deryk Andrew to be Liquidator for such purpose.

Deryk Andrew
Liquidator
Bentleys MRI
Sydney Business Recovery & Insolvency Partnership
PO Box Q1165, QVB Post Office
Sydney NSW 1230


ATHERTON SHOPFITTING: Creditors Confirm Liquidator's Appointment
----------------------------------------------------------------
Notice is hereby given that at a general meeting of members of
Atherton Shopfitting Pty Limited held on July 20, 2005, a
Special Resolution that the Company be wound up voluntarily was
passed by members, and the appointment of M. F. Cooper as the
Company's liquidator was confirmed by creditors at a creditors'
meeting held that same day.

Dated this 27th day of July 2005

M. F. Cooper
Liquidator
Frasers Insolvency Advisory
Level 9, 99 Elizabeth Street
Sydney NSW 2000


BROOKVALE CAR: Brian Silvia Named Liquidator
--------------------------------------------
Notice is hereby given that at a meeting of creditors of
Brookvale Car World Pty Limited held on July 20, 2005, it was
resolved that the Company be wound up, and Brian Raymond Silvia
of Ferrier Hodgson, GPO Box 4114, Sydney NSW 2001, Australia was
appointed Liquidator.

Dated this 27th day of July 2005

Brian R. Silvia
Liquidator
Ferrier Hodgson
GPO Box 4114, Sydney NSW 2001


CARDON PTY: Members Agree to Cease Operations
---------------------------------------------
Notice is hereby given that at a General Meeting of the members
of Cardon Pty Limited held on July 20, 2005, it was resolved
that the Company be wound up voluntarily, and that Duncan Plante
of First Floor, 350 Peel Street, Tamworth be appointed
Liquidator for such purpose.

Dated this 29th day of July 2005

Duncan Plante
Liquidator
1st Floor, 350 Peel Street
Tamworth


EG GREEN: Graziers Cry Foul Over Corporate Giants' Tactics
----------------------------------------------------------
Two of the biggest players in Australia came under fire over
their tactics on West Australian meat processor EG Green and
Sons, The West Australian reports.

A group of cattle producers who are part of a consortium intent
on rescuing Green say they have emerged dismayed after gaining
direct experience of the ruthless world of corporate deal
making.

The group claimed that the consortium, which includes the Green
family and an investment fund, have been poorly treated by its
fully secured-creditor, National Australia Bank (NAB).

Veteran Perth investment banker Charles Fear, of Argonaut
Capital, has also been accused of having a possible conflict of
interest in the matter after advising E.G. Green for most of
this year but more recently helping out Elders, a potential
buyer.

According to the consortium, NAB has given strong indications it
was about to win first option to buy the AU$20 million debt
owned by EG Green to the bank. But later that night, NAB has
advised of another condition, an AU$250,000 fee on top of the
AU$1 million deposit it had assembled.

The consortium refused to pay the fee, angry it had not been
told about it and concerned it was in a bidding war for the debt
NAB is no longer interested in. By Monday, it had reconsidered,
decided it would pay the fee and deal with its ethical outrage
later.

But over the weekend, the bank had struck a deal to give the
option over the debt to farm services giant Elders, also high
among EG Green's AU$44 million of creditors. It is believed
Elders has until early next week to complete due diligence.

It has been confirmed Mr. Fear had been advising EG Green since
early this year on proposals to raise outside capital for the
86-year-old family company, amid a major restructure. But he
withdrew his services just over two weeks ago, before the
company suspended operations and soon after its independent
directors quit. Within days, however, it emerged he was giving
advice to Elders.

The farmers in the consortium say they are concerned by NAB's
behavior and that it has resulted in Elders now being a
frontrunner to control WA's dominant beef processor.

Agricultural consultant David Falconer, an adviser to some of
the producers, said he was concerned about the business ethics
shown by NAB and Elders.

CONTACT:

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


EMARRESS HARVESTING: Inability to Pay Debts Prompts Wind Up
-----------------------------------------------------------
Notice is hereby given that at an Extraordinary General Meeting
of Emarress Harvesting Pty Limited held on July 22, 2005, the
following Special Resolution was duly passed:

That as the Company's directors think that it is unable to pay
its debts within twelve months, the Company be wound up
voluntarily by creditors.

Stephen Jay of Nicholls & Co. Chartered Accountants, Suite 103,
1st Floor, Wollundry Chambers, Johnston Street, Wagga Wagga, NSW
was appointed Liquidator.

Dated this 27th day of July 2005

Stephen Jay
Liquidator
Suite 103, 1st Floor, Wollundry Chambers
Johnston Street, Wagga Wagga NSW 2650


EXICOM AUSTRALIA: Liquidator to Detail Wind Up Manner
-----------------------------------------------------
Notice is given that a final meeting of the creditors and
members of Exicom Australia Pty Limited will be held on Sept. 8,
2005, 10:00 a.m. at Level 9, 10 Shelley Street, Sydney.

The purpose of the meeting is to receive the Liquidator's
account showing how the winding up was conducted and the
property of the Company disposed of, and to receive any
explanation of the account.

Dated this 22nd day of July 2005

A. R. M. Macintosh
Liquidator
McGrathNicol+Partners
Level 9, 10 Shelley Street
Sydney NSW 2000
Phone: (02) 9338 2631,
Web site: http://www.mcgrathnicol.com.au/


G.M.C. CORPORATION: Members Pass Winding Up Resolution
------------------------------------------------------
At a general meeting of G.M.C. Corporation Pty Limited held on
July 22, 2005, the following was resolved:

That the Company be wound up voluntarily and, that Kim David
Holbrook of Holbrook & Associates, Chartered Accountants, Level
2, 19 Pier Street, Perth, Western Australia be appointed
Liquidator for the winding up.

Dated this 22nd day of July 2005

Kim D. Holbrook
Liquidator
Holbrook & Associates
Chartered Accountants
Level 2, 19 Pier Street
Perth, Western Australia


HIH INSURANCE: Williams' Bankruptcy Linked to Collapse
------------------------------------------------------
A former director of failed insurer HIH Insurance Group declared
himself bankrupt on Sunday, the Sydney Morning Herald reports.

Ray Williams fell into bankruptcy while serving a 4 1/2-year
jail term with a two-year nine-month non-parole period, for
filing false statements and being reckless as a director of HIH.

Mr. Williams' bankruptcy was triggered by a claim from HIH
liquidator Tony McGrath demanding the return of an AU$960,000
termination payment made by HIH to Mr. Williams shortly before
he left the Company and just weeks before it became Australia's
biggest corporate collapse. On top of that Mr. McGrath has a
contingent liability claim for hundreds of millions of dollars
linked to Williams's directorship of HIH.

Mr. Williams's former business partner, Rodney Adler, is
pursuing him for half the AU$8 million compensation bill the two
were ordered to pay in May 2002 after the Australian Securities
and Investments Commission successfully sued the duo for breach
of directors' duties. Mr. Adler paid that sum, but said earlier
this year that he would be pursuing Mr. Williams for half the
damages.

The bankruptcy is in sharp contrast to Mr. Williams's high life
as chief of HIH where he was renowned for generous charitable
bequests, lavish staff parties and lavish gifts to executives.

HIH collapsed in 2001 owing creditors AU$5.3 billion.


HYDE ENGINEERING: To Pay Dividend to Creditors
----------------------------------------------
Hyde Engineering Pty Limited will declare a first and final
dividend on Sept. 7, 2005.

Creditors who were not able to prove their debts or claims will
be excluded from the benefit of the dividend.

Dated this 7th day of July 2005

Tracy J. Dare
Liquidator
Level 32, Central Plaza One, 345 Queen Street
Brisbane Qld 4000
Phone: (07) 3333 9804
Web site: http://www.mcgrathnicol.com.au/


ION LIMITED: EPA License Secured, Further Restructuring Required
----------------------------------------------------------------
After extensive negotiations with representatives of the South
Australian EPA and local residents, we are pleased to announce
that the long running legal case between the EPA and ION Limited
Group has been resolved to the satisfaction of all parties. A
new, 10-year license has been issued to ION Group covering the
North Plympton site. Some rectification works will be required
to ensure that the plant is able to meet emissions requirements.

Restructuring of Holden parts production

Holden has been actively involved in ongoing discussions with
ION, and has consistently indicated a strong desire to retain
commercially viable ION business.

However, the North Plympton business is unable to produce Holden
parts at a price that is internationally competitive, and in the
absence of alternatives, Holden part production will be phased
out of the North Plympton plant over the next 6 to 8 months.
This will unfortunately result in the loss of approximately 200
jobs over that timeframe (56 casual positions and 144 permanent
jobs). The plant presently has 620 employees including casuals.

The administrators will work together with AWU representatives
to provide affected employees with counseling and outplacement
services. Consistent with our prior advice and the terms of the
deed of company arrangement supported by creditors, all employee
entitlements including redundancy will be paid in full.

Harley-Davidson

Importantly we are able to advise that, after comprehensive
research into possible alternative sources of supply, Harley-
Davidson representatives have confirmed that they want the North
Plympton and Kilkenny plants to continue to supply them with the
bulk of their global wheel and hub needs. This outcome
demonstrates Harley-Davidson's strong confidence in the
performance of the ION plants and is testimony to the
operational restructuring successfully carried out by the ION
management team and staff since commencement of the
administration in December last year.

Sale

The resolution of the EPA issues, the success of the operational
restructure referred to above, and the recommitment of Harley-
Davidson to an ongoing business at North Plympton and Kilkenny
means that we are able to put the business back on the market as
a viable operation with a long-term future. The sale process is
likely to recommence in the latter half of September with a
number of parties continuing to express interest in the business
and transition to a new owner targeted for the 1st quarter in
2006.

CONTACT:

Melinda Martin
McGrathNicol+Partners
Phone: 03 9038 3113

Nick Maher
Gavin Anderson & Company
Phone: 03 9654 6555


JAMES HARDIE: SB Downgrades Despite Strong U.S. Outlook
-------------------------------------------------------
Citigroup Smith Barney downgrades James Hardie (JHX.AU) to Hold
from Buy after solid FY05 result, despite lifting net profit
forecasts 8.1% in FY06 and 6.3% in FY07 on stronger view on U.S.
fiber cement pricing outlook and improving trends in
construction activity.

Increases target price to A$9.41 from A$7.64, as against JHX
latest down 7 cents at A$9.10, with 68% rise since May the main
driver of recommendation downgrade, despite strong operational
performance.

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: GSJBW Cuts Rating to Marketperform
-------------------------------------------------
Goldman Sachs JBWere downgrades James Hardie (JHX.AU) after
recent share price gains.

The agency cut short-term rating to Marketperform from
Outperform, long-term recommendation to Hold from Buy.

It said that although there is positive resolution to the
asbestos liability issue likely to result in further upside,
uncertainty over the tax deductibility of future asbestos
payments and lack of clarity over timing mean the current
risk/reward is "no longer compelling.


JB POKER: Creditors Ratify Appointment of Liquidator
----------------------------------------------------
Notice is hereby given that at a general meeting of members of
JB Poker Machines Sales & Services Pty Limited held on July 21,
2005, it was resolved that the Company be wound up voluntarily
and that for such purpose, Danny Vrkic of Jirsch Sutherland &
Co., Wollongong, Chartered Accountants be appointed Liquidator
for such purpose.

Creditors confirmed the Liquidator's appointment at a meeting
held later that day.

Dated this 2nd day of August 2005

Danny Vrkic
Liquidator
Jirsch Sutherland & Co Wollongong
Chartered Accountants
PO Box 573, Wollongong NSW 2520


LIME STREET: Members Agree to Wind Up Business
----------------------------------------------
Notice is hereby given that at a general meeting of members of
Lime Street Services Pty Limited duly convened and held on July
21, 2005, a Special Resolution that the Company be wound up
voluntarily was passed by members, and creditors confirmed the
appointment of M. F. Cooper as the Company's liquidator at a
creditors' meeting held that same day.

Dated this 21st day of July 2005

M. F. Cooper
Liquidator
Frasers Insolvency Advisory
Level 9, 99 Elizabeth Street
Sydney NSW 2000


MELREN FARMS: Placed Under Voluntary Liquidation
------------------------------------------------
Notice is hereby given that at a Meeting of Members of Melren
Farms Pty Limited held on July 20, 2005, it was resolved that
the Company be wound up voluntarily, and Barry Keith Taylor of
B.K. Taylor & Co., 8th Floor, 608 St. Kilda Road, Melbourne was
appointed Liquidator for such purpose.

Dated this 21st day of July 2005

Barry K. Taylor
Liquidator
B.K. Taylor & Co.
608 St. Kilda Road, Melbourne


MORONI TRANSPORT: To Distribute Dividend Soon
---------------------------------------------
Moroni Transport Pty Limited will declare a first and final
dividend on Sept. 2, 2005.

Creditors who were not able to prove their debts or claims will
be excluded from the benefit of the dividend.

Dated this 21st day of June 2005

Robyn Erskine
Peter Goodin
Joint Liquidators
Brooke Bird & Co.
Insolvency Practitioners
471 Riversdale Road, Hawthorn East Vic 3123
Phone: (03) 9882 6666


OCEANIA AIR: Schedules Final Meeting Sept. 7
--------------------------------------------
Notice is given that a final meeting of the members and
creditors of Oceania Air Express Pty Limited will be held on
Sept. 7, 2005, 10:00 a.m. at the offices of Currie Biazos
Insolvency Accountants, Level 3 Boardroom, Christie's Corporate
Centre, 320 Adelaide Street, Brisbane, Queensland.

The purpose of the meeting is to table an account indicating the
wind up manner and disposal of Company property, and to give
explanations thereof.

Dated this 2nd day of August 2005

I. A. Currie
Liquidator
C/o Currie Biazos Insolvency Accountants
Level 3 Boardroom, Christie's Corporate Center
320 Adelaide Street
Brisbane, Queensland


OSWALD GREEN: Appoints Official Liquidator
------------------------------------------
Notice is hereby given that at a General Meeting of the members
of Oswalds Green Oaks Pty Limited held on July 20, 2005, members
passed a Special Resolution that the company be wound up
voluntarily, and Nick Orfanos was appointed liquidator for such
winding up.

Dated this 26th day of July 2005

Nick Orfanos
Liquidator
Level 1, 147 Frome Street
Adelaide SA 5000
Phone: 08 8224 0440
Fax:   08 8224 0470
Email: Nick.orfanos@adelaide.on.net


PACIFIC RETAIL: Finance Unit Nears Sale; Execs Leave
----------------------------------------------------
Pacific Retail Group has selected a preferred bidder for its
finance business, Pacific Retail Finance Ltd (PRF), Dow Jones
reports.

The New Zealand-based finance and retail investment firm has not
yet released details of the bidder or the offer price, but a
further announcement will be made early next month.

Pacific Retail Group has been working on a plan to jettison its
finance business since March, and said in June it had abandoned
a proposal to spin-off the division because of uncertain
investor appetite for an initial public offering.

The company has since run a sale process for the business, and
chose the preferred bidder after receiving final bids.

Part of the proceeds from the sale will be used to repurchase
NZ$62.7 million of capital notes still on issue, said Pacific
Retail Group, adding that it also intends to repay a loan
facility it has with its principal bank.

Pacific Retail Group also announced a new executive management
structure at its annual meeting Tuesday, saying it will have two
executive directors instead of one chief executive when current
acting CEO Steve Smith steps down Tuesday.

The company said Mr. Smith indicated some time ago his intention
to step down when the finance business sale is completed,
although he will stay on as an adviser for another three months.

After the sale of its finance business, Pacific Retail Group's
main assets will be lingerie company Bendon, and U.K. retailer
PowerHouse.


CONTACT:

Pacific Retail Finance Limited
Federal Street, Auckland
PO Box 90317, Auckland
Phone: 0800 366 388
Fax: 00 64 3 371 5848
E-mail: prfsinfo@prf.co.nz
Web site: http://prf.co.nz/

Pacific Retail Group Limited
1 Nelson St.
Auckland, New Zealand
Phone: +64-9-359-4400
Fax: +64-9-359-4307


QANTAS AIRWAYS: More Jobs at Risk After Loss of SingAir Contract
----------------------------------------------------------------
National flag carrier Qantas Airways may slash another 200 jobs,
if Air New Zealand drops it as the ground-handling and check-in
services provider, the Sydney Morning Herald has learned.

Air NZ has confirmed it is "reviewing the cost effectiveness of
our long-standing ground-handling arrangements in Australia",
just days after Singapore Airlines cancelled its ground-handling
contract with Qantas.

Qantas confirmed the loss of contract would result in the loss
of 200 jobs. But it declined to provide any details of the
possible impact from the loss of the Air NZ contract.

The Australian Services Union estimates it could result in 200
more job losses in Sydney, Melbourne, Brisbane, Perth and
Cairns. Qantas has 6000 ground staff and provides check-in,
baggage, load control, cargo and engineering services for Air NZ
in Australia.

The move comes despite Air NZ and Qantas vowing to find ways to
co-operate more closely after the Australian Competition and
Consumer Commission rejected their planned alliance in 2003.

But Air NZ said fierce competition over the Tasman, which will
intensify with the entry of Jetstar in December, had left it no
choice but to reconsider its arrangement with Qantas.

CONTACT:

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


SANDOW TRANSPORT: Liquidator to Distribute Company Assets
---------------------------------------------------------
At a General Meeting of Sandow Transport Pty Limited held on
July 25, 2005, the following Special Resolution was passed:

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

Dated this 25th day of July 2005

Peter J. Carnell
Liquidator
Darcy Kennedy
Accountants and Advisors
157 Brisbane Street
Dubbo NSW 2830


SATURDAY NIGHT: Members, Creditors to Hear Wind-up Report
---------------------------------------------------------
Notice is given that the final meeting of members and creditors
of Saturday Night Accessories Pty Limited will be held on Sept.
7, 2005, 11:00 a.m. at Level 1, 32 Martin Place, Sydney, NSW for
the following reasons:

AGENDA

To consider the liquidator's account on the conduct of the
winding up and the disposal of Company property.

Proxies to be used at the meeting should be lodged prior to the
commencement of the meeting.

Dated this 1st day of August 2005

N. C. Malanos
Liquidator
C/o Level 1, 32 Martin Place
Sydney NSW


SONS OF GWALIA: Shareholders Jostle for Share of Assets
-------------------------------------------------------
Administrators of failed Sons of Gwalia have stepped up efforts
to fend off disgruntled shareholders from getting their hands on
the collapsed miner's assets, The West Australian relates.

Barrister Bret Walker SC told a Sydney Court Monday that the law
protected the rights of creditors to be paid ahead of
shareholders. The Corporations Act restricted a company's share
capital being returned to shareholders if such a payment in
creditors being denied their due payments.

Mr. Walker explained that companies acts have ardently guarded
the rights of creditors because shareholders, unlike creditors,
enjoy rights and privileges by reason of their membership in the
Company.

Mr. Walker made the submissions in a test case on whether Sons
of Gwalia shareholders, who claim to have bought shares in a
market not properly informed about the company's financial
affairs, should be able to claim for their alleged damages
against the failed miner's pool of creditor funds.

Litigation funder IMF (Australia) has agreed to fund claims by
400 Sons of Gwalia shareholders who bought shares in the year
Gwalia collapsed under the weight of loss-making gold hedging
and foreign exchange contracts.

The shareholders are planning to make claims against the company
for its alleged failure to tell the share market about its true
financial position in the face of mounting liabilities relating
to its treasury operations and trouble with its gold reserves.

Sons of Gwalia faces creditor claims exceeding AU$1 billion,
while the amount available to creditors depends on how much
administrators reap from the sale or re-float of its lucrative
tantalum operations.

CONTACT:

Sons of Gwalia Limited
16 Parliament Place
West Perth, Western Australia 6005
Australia
Phone: +61 8 9263 5555
Fax: +61 8 9481 1271
Web site: http://www.sog.com.au/


STAR CHROME: Prepares to Close Down Business
--------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Star Chrome Pty Limited held on July 27, 2005, it
was resolved that the Company be wound up voluntarily, Peter
Paul Krejci of GHK Green Krejci, Level 9, 179 Elizabeth Street,
Sydney NSW 2000 was appointed Liquidator by creditors at a
creditors' meeting held later that day.

Dated this 27th day of July 2005

Peter P. Krecji
Liquidator
GHK Green Krejci
Level 9, 179 Elizabeth Street
Sydney NSW 2000


UPPER HUNTER: Members Set to Discuss Liquidation Matters
--------------------------------------------------------
Notice is hereby given that the final meeting of members of
Upper Hunter Timbers Pty Limited will be held on Sept. 8, 2005
at the offices of Davies, Thompson & Wright, 60 Brook Street,
Muswellbrook to present the liquidator's final account and
report, and to give any explanation thereof.

Dated this 25th day of July 2005

T. G. Looby
Liquidator
Davies, Thompson & Wright
Chartered Accountants
60 Brook Street, Muswellbrook NSW 2333


VILLAGE ROADSHOW: Suffers 22% Fall in Profit
--------------------------------------------
Village Roadshow Limited has reported a 22 percent drop in net
profit to AU$40.69 million for 2004/05, according to the Sydney
Morning Herald.

The profit decline was blamed on the poor performance of the
entertainment group's cinema exhibition division, which has been
experiencing fewer blockbuster movies.

Managing director Graham Burke said the cinema exhibition
division could not match the exceptional product from the 2004
financial year, which included such blockbusters as Lord of the
Rings: Return of the King, Finding Nemo and Harry Potter and the
Prisoner of Azkaban, and consequently the result was down on
last year.

The division posted a 38-percent decline in earnings before
interest, tax, depreciation and amortization (EBITDA) to AU$36.1
million.

The cinema production business booked a 68 percent fall in
profit before tax, excluding specific items and discontinuing
businesses, to AU$8.9 million for 2004/05.

Village Roadshow's group revenues from ordinary activities
totaled AU$1.57 billion for the year to June 30, down 30
percent.

Strong DVD sales boosted the performance of the film
distribution operation, which reported a nine percent
improvement in net profit to Au$15.8 million.

At the film production operation, operating profit before tax
and specific items was AU$13.4 million, up from a loss of AU$0.8
million in the previous year.

Film explorations, on the other hand, were lower than the
previous year due primarily to the poor performance of Catwoman.
But this was offset by significantly lower interest costs and
higher producer and overhead fees.

In 2005/06, the release of Charlie and the Chocolate Factory and
Dukes of Hazzard has provided a "strong start" to the financial
year.

Strong trading at Sea World boosted the theme park operation's
full-year operating profit before tax by 45 percent to AU$16.7
million.

Radio business Austereo grew sales revenue by AU$7.9 million to
AU$247.9 million in the year to June 30, buoyed by the
popularity of Triple M on the eastern seaboard, 2Day FM in
Sydney and Fox FM in Melbourne.

The board did not declare a dividend.

CONTACT:

Village Roadshow Limited
206 Bourke Street
Melbourne Vic 3000
Australia
Phone: 61 3 9667 6666
Fax: 61 3 9639 1540
Web site: http://www.village.com.au/


* Study Shows Family Firms Heading for Crisis
---------------------------------------------
A study suggests that most family companies in Australia shut
down due to lack of planning and preparation for the succeeding
generation, The Advertiser has learned.

Research reveals that up to three-quarters of family businesses
either die out or are sold by the founding family during the
first generation. Only five to 15 percent continue into the
third generation.

A study by the University of Adelaide's Labour Research Centre
shows the need for adequate succession planning is becoming more
pressing with an estimated half of all families intending to
sell their business within the next 10 years.

Family Business Australia SA executive member Alan Reddrop said
the study was designed to investigate the outcome of family
business closures.

"The most important message out of the report is that such a
large number of family businesses will be offered for sale,
people selling them may not be able to achieve their financial
expectations," he said.


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

BESTWAY INTERNATIONAL: Executive Yang Ting Resigns
--------------------------------------------------
Bestway International Holdings Limited received a notice on
August 29, 2005 from Mr. Yang Ting that he has sold his 100
percent wholly privately owned in Wealthguard Investment Limited
to a third party (Mr. Andy Hsiao-An Yuan) on August 25, 2005.

Wealthguard is a substantial shareholder of Bestway
International Holdings Limited. It currently owned 1,052,073,520
shares in the Company and represent approximately 20.45 percent
of the existing issued share capital.

Mr. Andy Hsiao-An Yuan is an independent third party and an
American investor not connected or acting in concert with the
directors, chief executive or substantial shareholders of the
company or any of its subsidiaries or any of their respective
associates (as defined in the Listing Rules). Mr. Yuan will
become a single largest substantial shareholder and he may join
the Board as Director. Following Mr. Yuan's acquisition, no
shareholders or party acting in concert with it will hold 30
percent or more of the voting rights of the total existing
issued share capital.

CONTACT:

Bestway International Holdings Limited
18/F, Tesbury Centre
28 Queen's Road East
Wanchai, Hong Kong
Phone: 28151199
Fax: 28541076


CAPISCES INTERNATIONAL: Court Issues Winding Up Order
-----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Capisces International (H.K.) Limited by the High Court of Hong
Kong Special Administrative Region was on August 12, 2005
presented to the said Court by Law Wing Chi, of Room 2118, Po
Ning House, Po Lam Estate, Tseung Kwan O, Kowloon, Hong Kong and
Wan Siu King, of Room 3008, 30th Floor, Shing Chiu House, Tin
Shing Court, Tin Shun Wai, New Territories, Hong Kong.

The said Petition is to be heard before the Court at 9:30 a.m.
on October 12, 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.

EDMUND CHEUNG & CO
Solicitors for the Petitioner
13th Floor, Regent Centres
No. 88 Queen's 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 the 11th day of
October 2005.


CHINA MERCHANTS: Director Wu Shiyue Quits Post
----------------------------------------------
The Board of Directors of China Merchants DiChain (Asia) Limited
hereby announce that Mr. Wu Shiyue will resign as an executive
director of the company with effect from August 30, 2005 due to
his own personal reasons.

There is no disagreement between Mr. Wu and the BOard and Mr. Wu
has confirmed to the Company that there is no matter which needs
to be brought to the attention of the shareholders of the
Company in relation to his resignation. The Board would like to
express his gratitude to Mr. Wu for his valuable contribution
and services to the Company.

China Merchants Dichain (Asia) Limited incurred a net loss of
HK$18.421 million in the year ended March 31, versus a net
profit of HK$14.262 million a year earlier, Infocast News
reports.

CONTACT:

China Merchants Dischain (Asia) Limited
Units 3611, 36/F, West Tower
Shun Tak Centre, 168-200 Connaught Road Central
Hong Kong
Phone: 22550688
Fax: 28513660
Web site: http://www.dichainasia.com


GRACESINO INVESTMENT: Winding Up Hearing Set October 12
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Gracesino Investment Limited by the High Court of Hong Kong
Special Administrative Region was on August 11, 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 October 12, 2005.

Any creditor or contributory of the said company desirous to
support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose.

A copy of the petition will be furnished to any creditor or
contributory of the said company requiring the same by the
undersigned on payment of the regulated charge for the same.

ANTHONY CHIANG & PARTNERS
Solicitors for the Petitioner
3903 Tower 2, Lippo Centre
89 Queensway
Central, Hong Kong

Note: Any person who intends to appear on 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 October 10, 2005.


GUANGDONG KELON: To Resume Large-Scale Production
-------------------------------------------------
The board of directors of the Company announced that the
Company's principal production lines have resumed operation
since August 20, 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. Reference is made to the announcement of Guangdong Kelon
Electrical Holdings Company Limited dated August 1, 2005, in
relation to, amongst other things, the investigation of Mr. Gu
Chu Jun and certain members of the senior management for alleged
economic crimes. This incident affected the financing, the
suppliers and customers' confidence in the Company.

The net amount of banking facilities of the Company decreased
from RMB3 billion as at April 30, 2005 to RMB2.35 billion as at
July 31, 2005. As at the date of this announcement, the net
amount of banking facilities of the Company is approximately
RMB2.36 billion, i.e. the total amount of banking facilities
minus the amount of monies pledged/deposited in relation to such
facilities.

The Company was unable to settle the amounts due to certain
suppliers and about 40 percent of the suppliers decreased or
stopped supplying raw materials for the production of air-
conditioners to the Company since May 2005. However, none of the
suppliers expressed that they would terminate the business
relationship with the Company. Due to the shortage of raw
materials, about 70 percent of the production lines of air-
conditioners were interrupted during the period from May to
August 2005.

Regarding the production of refrigerators and freezers, about
20% of the suppliers decreased or stopped supplying raw
materials to the Company since May 2005. About 50 percent of its
production lines of freezers and refrigerators were interrupted
during the period from May to August 2005. Subsequent to the
incident and to date, the Company has received a significant
amount of orders from international customers, thereby enabling
the Company to resume some production. The board of directors of
the Company is now pleased to announce that the Company's
principal production lines have resumed operations gradually
since August 20, 2005 and production levels are expected to be
back to normal shortly.

In order to maintain the Company's production and operation, the
Company had at the beginning of August, established a relevant
working unit with an aim to strengthen and improve the Company's
operation management. The working unit comprises of the
Company's vice chairman and president, Mr. Liu Cong Meng and
five other members of the Company's principal management. The
special unit is responsible for the Company's daily operation
and the management of workers so as to maintain the production
of the Company. The Company will use funding from the Company's
existing banking facilities, payments from customers for goods
sold and deposits for new orders from customers in order to
conduct its day to day operations, including production.

The Company refers to certain press articles in early August
2005 stating that Mr. Liu Cong Meng has said that the courts of
the PRC and the Company's banks gave support to the Company by
deferring process of relevant cases and by withholding demands
for repayment of loans. Mr. Liu Cong Meng has confirmed to the
Company that these statements represented what Mr. Liu Cong Meng
hoped will happen, but not statements of fact. As at the date of
this announcement, the Company is also involved in pending
litigation where claims of approximately RMB552,000,000 have
been made against the Company.

This amount includes: (i) claims by certain suppliers in
relation to contractual disputes for an aggregate amount of
approximately RMB189,000,000; (ii) disputes with banks in
relation to loan agreements for an aggregate amount of
approximately RMB236,000,000; (iii) disputes over invoices for
an aggregate amount of approximately RMB39,000,000; and (iv)
miscellaneous claims for an aggregate amount of approximately
RMB88,000,000. It was stated in certain press articles that
there are a number of companies, which intended to acquire from
Guangdong Greencool Enterprise Development Company Limited, the
single largest shareholder of the Company, all its interests in
the Company. The Company confirmed that it has made written
enquiry to Guangdong Greencool in relation to this but it has
not received, as at to date, any notification or reply from
Guangdong Greencool in relation to any proposed transfer or sale
of its shares in the Company.

At the request of the Company, trading in shares of the Company
was suspended with effect from 10:00 a.m. on 16th June 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.

CONTACT:

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


HONDELA FINANCE: Issues Debt Claim Notice
-----------------------------------------
Notice is hereby given that the creditors of Hondela Finance
Limited (In Members' Voluntary Liquidation), which is being
voluntarily wound up, are required on or before September 13,
2005, to send in their names, addresses and particulars of their
debts or claims, and the name and address of their solicitors,
if any, to the undersigned liquidators.

If so required by notice in writing from the said Liquidators,
they are to personally or by their solicitors to come in and
prove their said debts or claims at such time and place as shall
be specified in such notice.

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

Dated this 26th day of August, 2005

DARACH E. HAUGHEY
LO KIN CHING, JOSEPH
Joint and Several Liquidators
26th Floor, Wing On Centre
111 Connaught Road Central
Hong Kong


KIN MING: Court Issues Winding Up Order
---------------------------------------
Kin Ming E&M Works Limited whose place of business is located at
Rm 9, 11th Floor Lucida Industrial Building, 43-47 Wang Lung
Street, Tsuen Wan, New Territories was issued a winding up order
notice by the High Court of the Hong Kong Special Administrative
Region Court of First Instance on August 17, 2005.

Date of Presentation of Petition: June 16, 2005

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver


MANSION FIRE: Court Directs Firm to Wind Up
-------------------------------------------
Mansion Fire Engineering Company Limited whose place of business
is located at Workshop A2, 2/F, Tai Chi Factory Building, 25-290
Kok Cheung Street, Taikoktsui, Kowloon was issued a winding up
order notice by the High Court of the Hong Kong Special
Administrative Region Court of First Instance on August 17,
2005.

Date of Presentation of Petition: June 16, 2005

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver


NANJING FIAT: Fiat Appoints Italian Executive to Head China JV
--------------------------------------------------------------
Fiat SpA has appointed Italian Executive Paulo Massi as the
Chief Executive of struggling Nanjing Fiat, its China joint
venture with Nanjing Auto, AFX News reports.

The report also noted that the Fiat appointment follows Nanjing
Auto's decision to acquire failed UK carmaker MG Rover, which
may point to Nanjing Auto push to sell cars independently.

Mr. Massi was on the board of Nanjing Fiat for three years.

CONTACT:

Fiat S.p.A.
250 Via Nizza
10126 Turin, Italy
Phone: +39-011-006-1111
Fax: +39-011-006-3798

Najing Fiat
Rm. 1058 Jinling Hotel,
n. 2 Hangzhong Rd.
Jiangsu city, Nanjing
210005
Telephone\Fax: 4722020: 4728484
E-mail: fiatauto@public.bta.net.cn


NETEL TECHNOLOGY: FY05 Net Loss Narrows to HK$13 Mln
----------------------------------------------------
Netel Technology (Holdings) Limited (8256) incurred a net loss
of HK$13.289 million for the business year ended May 31, versus
a net loss of HK$18.481 million a year earlier, Infocast News
reports.

Loss per share (LPS) was 3.5 cents. No final dividend was
declared.

CONTACT:

Netel Technology (Holdings) Limited
Room 4102, 41/F, Manulife Plaza
The Lee Gardens, 33 Hysan Avenue
Causeway Bay, Hong Kong
Phone: 25768826
Fax: 25760730
Web site: http://www.neteltech.com.hk


PARAGON SEARCH: To Undergo Winding Up Process
---------------------------------------------
Paragon Search Limited whose place of business is located at
Workshop Rm 2301, 23/F, Asia Pacific Centre, 8 Wyndham Street
Central, 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 August 17, 2005.

Date of Presentation of Petition: June 16, 2005

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver


TC MANUFACTURES: Creditors Meeting Fixed September 6
----------------------------------------------------
TC Manufactures Limited issued a notice of first meetings of
creditors and contributories in the High Court of the Hong Kong
Special Administrative Region Court of First Instance at the
Official Receivers Office, 10th Floor, Queensway Government
Offices, 66 Queensway, Hong Kong on September 6, 2005 at 2:30
p.m and 3:30 p.m. respectively.

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver & Provisional Liquidator


TRUELY LOVE: Begins Winding Up Process
--------------------------------------
Truely Love Bridal Photo Services Company Limited whose place of
business is located at 15th Floor, Ginza Square, 565-567 Nathan
Road, Yau Ma Tei, Kowloon was issued a winding up order notice
by the High Court of the Hong Kong Special Administrative Region
Court of First Instance on August 17, 2005.

Date of Presentation of Petition: June 17, 2005

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver


WEALTHY UNIT: Faces Liquidation Proceedings
-------------------------------------------
Wealthy Unit International Enterprises Limited whose place of
business is located at Rm 902-3, SHun Kwong Commercial Centre, 8
Des Voeux Road West, Sheung Wan, 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 August 15,
2005.

Date of Presentation of Petition: June 10, 2005

Dated this 26th day of August 2005

Lee Mei Yee May
Acting Official Receiver


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

DIRGANTARA INDONESIA: Indonesian Military Eyes 10 Cassa 212s
------------------------------------------------------------
Indonesia's military forces (TNI) is planning to order ten (10)
light transport planes (Cassa 212) from state aircraft
manufacturer PT Dirgantara Indonesia (DI), reports Xinhua News.

Minister of State Enterprises Sugiharto confirmed the purchase
plan, saying that the government prioritizes the local arms
industry in military spending.

According to PT DI acting president Nuril Fuad, the TNI has
already bought 80 aircraft (both Cassa 212 and CN-235)from PT
DI. The Cassa 212, which can carry 12 passengers and can be
modified for military and medical use, costs USD4 million (IDR

Dirgantara Indonesia also manufactures aircraft for Malaysia,
South Korea and Thailand on a regular basis.

CONTACT:

PT Dirgantara Indonesia
Jl. Pajajaran no. 154 Bandung 40174,
Indonesia
Phone: 62-22-6034562, 62-22-6010754, 62-22-6010759
Fax:   62-22-6019538, 62-22-6075671, 62-22-6031696
Email: infosales@indonesian-aerospace.com
Web site: http://www.indonesian-aerospace.com


PERTAMINA: Government Plans to Regulate Oil Distribution
--------------------------------------------------------
The Indonesian government is planning to divide the country into
four (4) trading zones so as to ensure proper distribution of
fuel products, reports the Jakarta Post.


According to oil and gas regulator BPH Migas fuel products
director Adi Subagyo Subono, Indoneia will be divided into the
following:

1st Zone: Java, Bali
2nd zone: Sumatra
3rd zone: Kalimantan, Maluku, Papua, Sulawesi
4th zone: East & West Nusa Tenggara provinces

The zones were marked according to fuel supply points, and each
zone will be assigned a developed, less-developed or
underdeveloped area. Zones that wanted to distribute subsidized
fuel to a developed area would have to build gas stations in the
lesser-developed/underdeveloped areas.

In order to protect local oil refineries, state oil firm PT
Pertamina would sell fuel products that were processed in the
country's nine refineries, which can produce up to 1 million
barrels of oil, or 70% of local fuel needs, on a daily basis.

Pertamina has asked that the government pay the Mid Oil Plastts
Singapore (MOPS) price for fuel products, plus added costs for
storage, transoprtation and distribution, and value-added tax,
but the government is still looking into the Company's request.

As more and more fuel companies enter the country, the
government hopes for lower prices, as the procurement and
distribution of subsidized fuel would be carried out through
tenders, in which Pertamina and other companiesd would be able
to participate.

Analysts are skeptical as to whether such regulations could be
implemented on time, as many of them are still in the drafting
stage, but BPH Migas is confident that the drafts will be ready
soon.

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 Raise Gasoline Prices, Lower Price of Diesel
----------------------------------------------------------
State-owned oil and gas firm PT Pertamina plans to raise the
prices of kerosene and premium gasoline that is being sold to
major industries, but will lower the price of diesel next month,
Dow Jones reports.

According to Pertamina marketing chief A. Faisal, the price
adjustments indicate recent global market developments.

With the government's approval for the Company to raise oil
prices to that of the global market, Pertamina will increase the
price of premium gasoline it sells to big industries by 10%-12%
to IDR5,160-IDR5,200 per liter, while the price of kerosen will
go up 3.8% to IDR5,700 per liter.

However, the Company will lower the price of diesel oil to
IDR5,150 per liter from IDR5,240 per liter. Though it did not
give a reason for the price reduction.


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

FUJITSU MEDIA: METI Approves Restructuring Scheme
-------------------------------------------------
The Ministry of Trade and Industry (METI) has approved the
business-restructuring plan of Fujitsu Media Devices Ltd. under
the Law on Special Measures for Industrial Revitalization on
August 25, 2005.

The restructuring plan was evaluated pursuant to Article 3,
Paragraph 6 of the Law on Special Measures for Industrial
Revitalization, and found to fulfill the requirements.

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


JAPAN AIRLINES: To Raise Domestic Fares in January
--------------------------------------------------
Japan Airlines plans to raise domestic fares as early as January
after oil prices surged to a record above US$70 a barrel, Kyodo
News reports, citing JAL President Toshiyuki Shinmachi.

The rises in fuel costs caused by higher crude oil prices are
"far beyond our self-help efforts," Mr. Shinmachi told a press
conference. "We have started practical studies to raise fares."

The airline reported in July an operating loss of JPY32 billion
($291 million) for the April-June first quarter, widening from
JPY30 billion in loss a year earlier.

CONTACT:

Japan Airlines Corporation
Telephone: 81-3-5460-3109
Fax: 81-3-5769-6487
Web site: www.jal.com/en/corporate


MITSUBISHI MOTORS: MMPC Delays Export Plan
------------------------------------------
Mitsubishi Motors Philippines Corporation (MMPC) has decided to
defer its plan to start sport utility vehicle (SUV) production
to 2007 instead of next year, The Business World reports.

The Japanese automaker has committed to produce SUVs for export
to the Southeast Asian market last year. Mitsubishi chose the
Philippines as the manufacturing hub for the SUVs.

Mitsubishi plans to export over 200,000 units in six to seven
years beginning 2006. Exports of the new Mitsubishi SUV are
estimated to reach $200 million to $240 million annually.

The setback is reportedly due to falling sales, huge losses and
defects in Mitsubishi's vehicular line-up in Japan.

CONTACT:

Mitsubishi Motors Philippines Corporation (MMPC)
Ortigas Avenue Extention, Cainta Rizal
P.O. Box 4592, Manila, Philippines
Phone: 63-2-658-0109
Fax: 63-2-658-0006


PARE COMPANY: METI OKs Restructuring Plan
-----------------------------------------
The management-restructuring plan submitted by Pare Co. Ltd. was
examined by the Ministry of Trade and Industry (METI) pursuant
to Article 6, Paragraph 5 of the Law on Special Measures for
Industrial Revitalization, and found to fulfill requirements
stipulated in Article 2, Paragraph 4, concerning management
resource reutilization, and Paragraph 2.2, concerning business
innovation.

The restructuring scheme was consequently approved on August 25,
2005.

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


SOFTBANK CORPORATION: To Raise JPY50 Bln Via Bond Issue
-------------------------------------------------------
Softbank Corporation will issue about JPY50 billion (US$452
million) in three- and five-year domestic straight bonds as
early as September to repay variable-rate loans, the Nihon
Keizai business daily reported.

With the issuance, the company's fixed-rate borrowings would
increase to about 75 percent of funds raised from about 70
percent, the paper said.

The company issued JPY40 billion in three-year and five-year
bonds in January and JPY12.5 billion in three-year bonds in
June.

Daiwa Securities SMBC Co. and Mizuho Securities Co. are lead
managing the deal, the report said.


* S&P Says Restructuring Has Benefited Japanese Trust Banks
-----------------------------------------------------------
Japan's trust banks have changed dramatically as a result of
recent industry restructuring, leading to an overall improvement
in asset quality and capital, according to a report published
today by Standard & Poor's Ratings Services. The five major
domestic trust banks have been upgraded three times since June
2004, except for Mitsubishi Trust & Banking Corp. (A/Stable/A-
1), which was upgraded twice.

"The industry is continually evolving, with larger trust banks
merging and spinning off their asset management and
administration divisions. As a result, risk characteristics for
the industry are becoming less uniform," said Yuri Yoshida, a
credit analyst at Standard & Poor's and author of the report.

Three main business types have emerged: traditional general
trusts, asset management trusts, and asset administration
trusts.

Asset management fees in the industry have fallen in recent
years, as an increasing number of companies transfer part of
their pension funds to the government. Going forward, individual
investors are expected to shift more of their holdings from
standard deposits into risk assets, such as investment trusts
and pension funds, so the potential for growth in the asset
management sector is high. The recovery in land prices is
driving a rise in real estate brokerage fees, and real estate
securitization is also booming.

But in the markets for asset administration and trust agency
services, fee margins are low because services are commoditized
and require considerable economies of scale. In the savings and
loan business, general trust banks are capitalizing on their
strengths in real estate-related business, particularly in
offering non-recourse loans. They are also finding success in
sales of trusts and insurance products, leveraging their
relationship with a relatively affluent client base. As loan
demand falters, the banks are seeking to divert excess capital
into products like investment trusts in order to increase fee
revenue.

Traditional general trust banks have striven to resolve bad
loans and liquidate cross-shareholdings, improving the quality
of assets and capital. In order to further boost their credit
quality, general trust banks will need to improve their lending
operations and offer more customer-focused services.

They will also need to ramp up their asset management operations
and strengthen their financial profiles by improving profit
margins and capitalization.

Trust banks specializing in asset administration have very low
asset risk and maintain adequate capitalization relative to
operational risk. Their strong customer bases deliver relatively
stable fee income, but profitability is low, making efficiency a
priority.

Most foreign trust banks in Japan specialize in asset management
and administration, though many have withdrawn from
administration because of its low margins. They do not hold
principle-guaranteed trust assets and rarely hold risk assets.
Foreign trust banks maintain adequate capitalization relative to
their operational risk. Some have closed their Japanese
subsidiaries as recent deregulation has made redundant the
operation of both trust and investment advisory companies.


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

DAEWOO GROUP: Founder to Undergo Heart Surgery
----------------------------------------------
Daewoo Group founder Kim Woo-Choong will undergo heart surgery
this week, Agence France Presse.  Mr. Kim will have a coronary
artery bypass surgery.  Severance Hospital told the court that
Mr. Kim will have to take a three to six months rest in order to
fully recover from the surgery.

Mr. Kim was arrested upon his return to the country on charges
of fraud after six years of hiding abroad.  He was sent from
prison to hospital on August 13.

If convicted Mr. Kim would be imprisoned for life, however there
may be a chance that he will receive clemency in recognition of
his role in the country's economic growth.

Daewoo Group collapsed under debts estimated at 80 billion
dollars, an amount that dwarfs more recent corporate collapses
such as those of US giants WorldCom and Enron.


DAEWOO SHIPBUILDING: July Net Income Drops to KRW8.3Bln
--------------------------------------------------------
Daewoo Shipbuilding & Marine Engineering Co. reported a 34
percent slide in net income in July or KRW8.3 billion compared
last year, Business Times relates, citing Bloomberg.

Operating profit also declined 58 percent to KRW10 billion,
while sales moved 30 percent to KRW322.3 billion.

Daewoo Shipbuilding, Hyundai Heavy Industries Co and Samsung
Heavy Industries Co, the world's three largest shipbuilders, are
building ships ordered in 2002 and 2003 when the price of
tankers fell to a 10-year low.

The companies are paying as much as 70 percent higher for steel
to build the ships.  Since year 2002, vessel prices have
increased more than double.

Daewoo has total backlog of orders worth US$15.61 billion as of
July 31.  In the first seven months of the year, Daewoo received
orders for 32 ships and offshore plants worth US$4.97 billion.

CONTACT:

Daewoo Shipbuilding & Marine Engineering Co.
140, Da-dong, Jung-Gu, Seoul
100-180 Korea
Telephone: 82 2 2129
Fax: 82 2 756 4390


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

ANTAH HOLDING: Welcomes New Remuneration Committee Member
---------------------------------------------------------
The Board of Directors of Antah Holding Berhad (Antah) informed
Bursa Malaysia Securities Berhad that Encik Jaleeludeen bin Abu
Baker has been appointed as a member of the Remuneration
Committee with effect from August 26, 2005. Consequent thereto,
the Remuneration Committee of the Company is comprised of the
following members:

Remuneration Committee

(1) Mr. Ong Lai @ Ong Kong Lai (Chairman)
(2) Y. Bhg. Dato' Mohd Shahar bin Abdul Hamid
(3) Encik Jaleeludeen bin Abu Baker

This announcement is dated 26 August 2005.

CONTACT:

Antah Holding Berhad
9577 Jalan SS16/1 Subang Jaya
47500 Petaling Jaya Selangor
Telephone: 03-5632 8668
Fax: 03-5635 1234


CONSOLIDATED FARMS: Court Grants RO Extension
---------------------------------------------
Avenue Securities Sdn Bhd, on behalf of Consolidated Farms
Berhad, disclosed to Bursa Malaysia Securities Berhad that, on
August 25, 2005, ConsFarm and its subsidiaries have been granted
an extension of the RO for a further period of ninety (90) days
effective from August 29, 2005 to November 26, 2005 by the High
Court of Malaya at Kuala Lumpur pursuant to Section 176(10) of
the Companies Act, 1965.

This announcement is dated 26 August 2005.

CONTACT:

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


CYGAL BERHAD: Creditors Agree to Extend Settlement Agreement
------------------------------------------------------------
Cygal Berhad (Cygal) furnished Bursa Malaysia Securities Berhad
details of the following proposals:

- Proposed Share Exchange;

- Proposed Debt Restructuring Comprising:

(I) Proposed Financial Institutions Scheme;

(II) Proposed Non Financial Institutions Scheme; and

(III) Proposed part settlement of amount owing to an offshore
financial institution;

- Proposed additional issue to Commerce International Merchant
Bankers Berhad;

- Proposed rights issue of shares together with warrants;

- Proposed acquisition of property development companies; and

- Proposed delisting of Cygal and the listing of a new
investment holding company, Active Accord Sdn Bhd (Newco)

(Hereinafter collectively referred to as the proposals)

On behalf of Cygal Berhad, Commerce International Merchant
Bankers Berhad advised that Cygal has obtained the consent of
the majority of its financial institution creditors for an
extension of time to December 31, 2005 for Cygal to meet the
conditions precedent as stipulated in the Settlement Agreement
dated November 19, 2001 entered into between Cygal and the
financial institution creditors of Cygal, Cygal Concrete pump
Sdn Bhd (CCS) and C.T.A. Reality Sdn Bhd (CTA).

The Settlement Agreement was entered into for the proposed
settlement of indebtedness amounting to MYR229,627,109 of Cygal,
CCS and CTA to the financial institution creditors.

On behalf of Cygal, disclosed that parties to the Subscription
Agreement dated August 22, 2001 for the proposed subscription of
Laudable Invention Sdn Bhd (Proposed LISB Subscription) and the
Sale and Purchase Agreement dated January 30, 2002 for the
proposed acquisition of Cygal Properties Sdn Bhd (Proposed CPSB
Acquisition) have also mutually agreed to extend the last date
to meet all the conditions precedent under the respective
agreements to December 31, 2005.

The parties have also agreed to revise the aggregate purchase
consideration for the Proposed LISB Subscription and the
Proposed CPSB Acquisition to MYR6,450,999 and MYR21,031,000
respectively, as approved by the Securities Commission on
December 11, 2002.

This announcement is dated 26 August 2005.

CONTACT:

Cygal Berhad
Lot 4.21, 4th Floor,
Plaza Prima, 4 1/2 Mile,
Jalan Klang Lama,
Kuala Lumpur
Wilayah Persekutuan 58200
Telephone: 03-79839099
Fax: 03-79817629


DFZ CAPITAL: Swings to Black in Second Quarter
----------------------------------------------
DFZ Capital Berhad furnished Bursa Malaysia Securities Berhad a
copy of its unaudited financial statement for the financial
period ended June 30, 2005.

Summary of Key Financial Information
June 30, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    MYR'000       MYR'000     MYR'000        MYR'000
    30/06/2005    30/06/2004      30/06/2005     30/06/2004

(1) Revenue

    60,280        41,600           113,117        83,819

(2) Profit/(loss) before tax

    5,463           404             10,052         -4,787

(3) Profit/(loss) after tax and minority interest

    4,507           -85              8,559         -5,680

(4) Net profit/(loss) for the period

    4,507           -85              8,559         -5,680

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

    4.10             -3.50           9.10           -234.30

(6) Dividend per share (sen)

    6.00              0.00            6.00           0.00

        As at end of               As at Preceding
        Current Quarter            Financial Year End

(7) Net tangible assets per share (MYR)

        0.4230                     0.1360

Remarks:

The adjusted net tangible assets per share for the current
financial year is calculated assuming all potential ordinary
shares, i.e. Irredeemable Convertible Preference Shares (ICPS)
which are mandatory convertible in between 3 to 5 years, will be
fully converted.

The Directors have approved the declaration of first interim
dividend of 6 percent less 28 percent income tax in respect of
the financial year ending December 31, 2005, to be paid on
October 13, 2005 to depositors registered in Record of
Depositors at the close of business on September 15, 2005.

To view a full copy of the financial results, click
http://bankrupt.com/misc/DFZCapital082905.xls

To view a full copy of the notes to financial statement, click
http://bankrupt.com/misc/DFZCapitalB082905.doc


DFZ CAPITAL: To Pay Creditors Dividend on October
-------------------------------------------------
The Board of Directors of DFZ Capital Berhad (DFZ) advised Bursa
Malaysia Securities Berhad that a first interim dividend of 6
percent less 28 percent income tax in respect of the financial
year ending December 31, 2005 has been declared by the Company,
which shall be paid on October 13, 2005 to depositors registered
in Records of Depositors at the close of business on September
15, 2005.

This announcement is dated 26th day of August 2005.


HABIB CORPORATION: Concludes Book Building Exercise
---------------------------------------------------
Habib Corporation Berhad (Habib) issued to Bursa Malaysia
Securities Berhad details of the:

(I) Proposed Acquisitions;

(II) Fund Raising Proposals;

(III) Proposed authorized share capital increase; and

(IV) Proposed amendments to the memorandum and articles of
association of Habib.

(collectively known as the proposals)

The Fund Raising Proposal comprises, inter-alia, a proposed
placement of up to 96,000,000 new Habib shares (Placement
Shares) at a minimum issue price of MYR1.25 each to
institutional and selected investors (Proposed Placement) by way
of a book building exercise.

Commerce International Merchant Bankers Berhad (CIMB) and CLSA
Singapore Pte Ltd have been appointed by the Company as Joint
Global Coordinators and Joint Bookrunners for the Proposed
Placement.

CIMB, on our behalf, advised that the book building exercise for
the Proposed Placement has been successfully completed.

The placement price for the Placement Shares (Placement Price)
has been determined on August 25, 2005. The Placement Price has
been fixed at MYR1.55 per Placement Share.

This announcement is dated 26 August 2005.

CONTACT:

Habib Corporation Berhad
1st Floor, Bangunan Habib Corporation,
Lot 106, Lorong Mamanda 2, Ampang Point,
68000 Ampang, Selangor
Malaysia
Telephone: (60) 3 452 7777
Fax: (60) 3 452 2143


K.P. KENINGAU: Payment Default Totals MYR40,487,909.82
------------------------------------------------------
In compliance with Bursa Malaysia Securities Berhad Practice
Note 1/2001, K.P. Keningau Bhd (KPK) provided Bursa Malaysia
Securities Berhad an update on its default in payments status as
at July 31, 2005 per attachment in Appendix A.

Click to view a full copy of Appendix A
http://bankrupt.com/misc/KPKeningauBerhad083005.pdf

Total defaults by KPK and its subsidiaries on principal sums
plus accrued interest as at July 31, 2005 amounted to
MYR40,487,909.82. The defaulted amounts owing to financial
institutions are in respect past banking facilities, which
comprised of trade financing, term loans, revolving creditors
and overdrafts.

Current status of legal claims is as follows:

There is no change in status with regard to RHB Suit No: K22-32-
2005 and also on UOB Writ of Summons and Statement of Claims re
Suit No: K22-165-2004 and K22-169-2004 respectively. On UOB Suit
No: K22-164-2004, the mention date has been postponed to
December 9, 2005.

Save for the above, there is no new development on the default
in payments and status of legal suits since the previous
announcement made pursuant to this Practice Note.

This announcement is dated 26 August 2005.

CONTACT:

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


LEBAR DAUN: Releases 2Q Financial Statement
-------------------------------------------
Lebar Daun Berhad provided Bursa Malaysia Securities Berhad a
copy of its unaudited second quarter report for the financial
period ended June 30, 2005.

Summary of Key Financial Information
June 30, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceeding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    MYR'000       MYR'000     MYR'000        MYR'000
    30/06/2005    30/06/2004      30/06/2005     30/06/2004

(1) Revenue

    33,099        77,565          79,885         142,144

(2) Profit/(loss) before tax

    4,703         14,444          10,611         23,022

(3) Profit/(loss) after tax and minority interest

    3,333         10,074           7,243         16,097

(4) Net profit/(loss) for the period

    3,333         10,074           7,243         15,597

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

    2.44          8.50              5.33         13.16

(6) Dividend per share (sen)

    0.00          0.00              2.00         0.00


        As at end of               As at Preceding
        Current Quarter            Financial Year End

(7) Net tangible assets per share (MYR)

        0.6814                     0.5897

To view a full copy of the financial results, click
http://bankrupt.com/misc/LebarDaun082905.xls
http://bankrupt.com/misc/LebarDaun082905.doc

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


LEBAR DAUN: Unit Terminates Issuance of Commercial Paper
--------------------------------------------------------
Lebar Daun Berhad issued to Bursa Malaysia Securities Berhad
details of the termination of the proposed issuance of
Commercial Paper Programme of up to MYR70.0 million.

The company refers to its announcement made on May 25, 2004 and
the amended announcement made on May 26, 2004 that LDAUN's
wholly owned subsidiary, Lebar Daun Construction Sdn Bhd (LDCSB)
had on May 24, 2004 appointed Malaysian International Merchant
Bankers Berhad (MIMB) as the Lead Arranger for the Proposed
Issuance of Commercial Paper Programme of up to MYR70.0 Million
(the Proposed Facility).

LDAUN advised that due to certain terms and conditions of the
MIMB's offer letter dated May 20, 2004 not fulfilled, LDCSB
wishes to terminate the Proposed Facility.


LEBAR DAUN: Unveils Financial Assistance Provision
--------------------------------------------------
Pursuant to Paragraph 8.23(1)(ii) and Practice Note No. 11/2001
of the Bursa Malaysia Securities Berhad Listing Requirements,
the Board of Lebar Daun Berhad (LDAUN) unveiled to Bursa
Malaysia Securities Berhad the financial assistance provided as
at June 30, 2005 to facilitate the ordinary course of business
of LDAUN Group is set out below:

Financial assistance    Type of financial    Aggregate Amount
provided by the         assistance           MYR'000
Company/subsidiary
company

(1) Lebar Daun         Performance Guarantees   20,259
    Construction       in the form of Advance
    Sdn Bhd            Payment Bonds and
    - a wholly owned   Performance Bonds
    subsidiary of
    LDAUN


(2) Lebar Daun          Payment Guarantees
    Construction        in the form of
    Sdn Bhd - a         Bank Guarantees             100
    wholly owned
    subsidiary of
    LDAUN

The provision of the financial assistance did not have any
material effect on the earnings and net tangible assets of LDAUN
Group, and did not have any effect on the share capital of
LDAUN.


MENTIGA CORPORATION: Posts MYR4,992,000 Net Loss
------------------------------------------------
Mentiga Corp. Berhad unveiled to Bursa Malaysia Securities
Berhad its unaudited second quarter financial statement for the
financial period ended June 30, 2005.

Summary of Key Financial Information
June 30, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceeding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    MYR'000       MYR'000     MYR'000        MYR'000
    30/06/2005    30/06/2004      30/06/2005     30/06/2004

(1) Revenue

    1,580         758             3,170          1,624

(2) Profit/(loss) before tax

    -4,992        -3,734          -9,185         -7,053

(3) Profit/(loss) after tax and minority interest

    -4,992        -3,734          -9,185         -7,053

(4) Net profit/(loss) for the period

    -4,992        -3,734          -9,185         -7,053

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

    -13.31         -9.96          -24.49          -18.81

(6) Dividend per share (sen)

    0.00           0.00            0.00           0.00


      As at end of               As at Preceding
      Current Quarter            Financial Year End

(7) Net tangible assets per share (MYR)

      -1.5900                    -1.3600

Click to view a full copy of the financial statement
http://bankrupt.com/misc/MentigaCorpB082905.xls

CONTACT:

Mentiga Corporation Berhad
Peramu Jaya
26607 Pekan, Pahang Darul Makmur 50400
Malaysia
Telephone: +60 443 9411
Fax: +60 443 1233


MTD CAPITAL: Sees No Developments on MOA
----------------------------------------
MTD Capital Berhad disclosed to Bursa Malaysia Securities Berhad
details of the Memorandum of Agreement (MOA) pertaining to the
contracts for the proposed construction and completion of 25,000
units of housing for public servants in Sri Lanka from Wincon
Development Ceylon (Private) Limited.

The company refers to the announcements dated November 29, 2004,
February 28, 2005 and May 27, 2005.

Pursuant to Paragraph 9.28 of the Listing Requirements of Bursa
Malaysia Securities Berhad, MTD Capital Bhd unveiled that there
is no update on the MOA entered between Wincon Development
Ceylon (Private) Limited and MTD Construction Ceylon (Private)
Limited since the announcement on May 27, 2005.

This announcement is dated 26 August 2005.

CONTACT:

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


SARAWAK ENTERPRISE: Receives Takeover Offer from Newfields
----------------------------------------------------------
Sarawak Enterprise Corporation Berhad (SECB) unveiled to Bursa
Malaysia Securities Berhad the unconditional takeover offer by
SECB to acquire the remaining 17,148,000 ordinary shares of
MYR1.00 each (shares) in Syarikat Sesco Berhad (Syarikat Sesco)
not already owned by SECB (offer shares) at an offer price of
MYR4.00 per share (Offer).

The company refers to the announcement dated July 1, 2005 where
it was announced that AmMerchant Bank Berhad (a member of
AmInvestment Group) (AmMerchant Bank) and Newfields Advisors Sdn
Bhd had on even date served a Notice of Takeover Offer on the
Board of Directors of Syarikat SESCo, and the offer document in
relation to the Offer dated August 4, 2005 (Offer Document).

In this respect, on behalf of SECB, AmMerchant Bank advised that
the Offer has closed at 5:00 p.m. (Malaysian time) on August 25,
2005 (Closing Date).

Pursuant to Section 25(1) of the Malaysian Code on Take-Overs
and Mergers, 1998 (Code), AmMerchant Bank, on behalf of SECB,
advised that the position and level of acceptances of the Offer
as at 5:00 p.m. on the Closing Date, as set out in Table 1.

This announcement has also been sent to the Securities
Commission and released to the press in accordance with the
provisions of the Code.

This announcement is dated 25 August 2005.

CONTACT:

Sarawak Enterprise Corporation Berhad
Lot 2679 Jalan Rock
93200 Kuching, Sarawak 93673
Malaysia
Telephone: +60 82 244 000
Fax: +60 82 248 588


SETEGAP BERHAD: Net Loss Slides to MYR4,427,000
-----------------------------------------------
Setegap Berhad furnished Bursa Malaysia Securities Berhad a copy
of its unaudited second quarter report for the financial period
ended June 30, 2005.

Summary of Key Financial Information
June 30, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    MYR'000       MYR'000     MYR'000        MYR'000
    30/06/2005    30/06/2004      30/06/2005     30/06/2004

(1) Revenue

    17,390        24,660            30,694        50,956

(2) Profit/(loss) before tax

    -5,445        -4,096           -12,165        -7,041

(3) Profit/(loss) after tax and minority interest

    -4,427        -3,832           -10,814        -6,773

(4) Net profit/(loss) for the period

    -4,427        -3,832           -10,814        -6,773

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

    -8.91          -7.71            -21.76        -13.63

(6) Dividend per share (sen)

    0.00            0.00              0.00          0.00


      As at end of               As at Preceding
      Current Quarter            Financial Year End

(7) Net tangible assets per share (MYR)

    -1.4500                      -1.1800

To view a full copy of the financial results, click
http://bankrupt.com/misc/SetegapBerhad082905.xls

CONTACT:

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


SUREMAX GROUP: Warrants' Subscription Rights Expires October
------------------------------------------------------------
Suremax Group Bhd. (Suremax) furnished Bursa Malaysia Securities
Berhad a notice to warrant holders in relation to the expiry and
last date to exercise Suremax's Warrants 2000/2005.

Suremax informed the bourse that the subscription rights of
Warrants 2000/2005 will expire at 5:00 p.m. on Monday, October
3, 2005 (the Expiry Date) in accordance with the terms and
conditions of the Deed Poll dated June 9, 2000.

In order to facilitate the expiry and final exercise of Warrants
2000/2005, the last day for trading of Warrants 2000/2005 shall
be no later than 5:00 p.m. on Thursday, September 15, 2005.

Warrants 2000/2005 will be suspended from quotation with effect
from 9:00 a.m. on Friday, September 16, 2005 until the Expiry
Date. A copy of the Notice is attached for your kind attention.

Your attention is also drawn to Suremax's Notice to Warrant
holders in relation to the Expiry and Last Date to Exercise
Suremax's Warrants 2000/2005 dated August 29, 2005.

To view a full copy of the notice, click
http://bankrupt.com/misc/SuremaxGroup082905.pdf

CONTACT:

Suremax Group Bhd
No. 7-1, Faber Imperial Court,
Sheraton Imperial Hotel,
Jalan Sultan Ismail,
Kuala Lumpur Wilayah
Persekutuan 50250
Malaysia
Telephone: 03-76606080
Fax: 03-76606090


TIMBERWELL BERHAD: Back to Black with MYR3,764,000 2Q Net Profit
----------------------------------------------------------------
Timberwell Berhad issued to Bursa Malaysia Securities Berhad a
copy of its unedited second quarter report for the financial
period ended June 30, 2005.

Summary of Key Financial Information
June 30, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    30/06/2005    30/06/2004      30/06/2005     30/06/2004
    MYR'000       MYR'000     MYR'000        MYR'000

(1) Revenue

    9,724         7,291           18,724         12,846

(2) Profit/(loss) before tax

    8,867        -1,050           9,432          -1,823

(3) Profit/(loss) after tax and minority interest

    3,764        -1,050           5,581          -1,823

(4) Net profit/(loss) for the period

    3,764        -1,050           5,581          -1,823

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

    6.20          -1.91            9.19          -3.32

(6) Dividend per share (sen)

    0.00           0.00            0.00          0.00

        As at end of               As at Preceding
        Current Quarter            Financial Year End

(7) Net tangible assets per share (MYR)

        1.1800                     1.0900

To view a full copy of the financial statement, click
http://bankrupt.com/misc/Timberwell2QFS083005.xls

To view a full copy of the notes to financial statement, click
http://bankrupt.com/misc/TimberwellBerhadQtr2005Notes.doc


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

LEPANTO CONSOLIDATED: Benguet Board Pushes for Peace in Mines
-------------------------------------------------------------
Despite failure of the government and management of Lepanto
Consolidated and Mining Company to settle the miner's labor
issues, the Benguet Provincial Board (PB) vowed to exert extra
effort to resolve the problem, SunStar Daily reports.

The PB said dialogues between the Lepanto Employees Union (LEU)
and members of the police would still push through as he
expressed optimism that the labor union would soon give in to
requests of the police to quit barricading the Company's gates.

Benguet Provincial Board (PB) Member and peace and order chair
William Esteban begged the union to comply with all the
agreements they earlier entered into, to fend off police from
the area and prevent further tension in the area.

The LEU is asking the police to leave the mine premises,
accusing the latter of causing the problem, by being abusive in
the implementation of their duties.

Members of the Lepanto Task Force assigned by the Benguet
Provincial Police Office (BPPO) there however denied committing
human rights abuses against picketers, explaining they were
deployed there only to ensure peace and order in Lepanto.

The Department of Labor and Employment (Dole) ordered the police
to keep peace and order in Lepanto by assuring that all the
gates of the firm will be open when employees remain on strike.

Members of the police task force earlier said they are willing
to leave the premises of the mining company, provided the union
would allow workers to return to their duties.

Although an agreement was signed earlier, where the union agreed
to keep the gates open, the same is being defied as picketers
continue to block the portals leading to the mine facilities.

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


METRO PACIFIC: Seeks Control of Skyway Project
----------------------------------------------
Metro Pacific Corp. wants a bigger stake if not full control of
Skyway in Metro Manila, The Philippine Daily Inquirer says.

Metro Pacific, the Philippine holding company of Hong Kong-based
conglomerate First pacific Co. Ltd., hopes to turn around the
finances of the ailing highway venture controlled by Indonesian
investors.

Early this year, the Company made an offer to restructure
Skyway's finances, including loans that have gone sour, in
exchange for bigger stake in the project.

The Skyway is a 9.3-kilometer overhead highway running from the
Magallanes subdivision in Makati City to the Bicutan area of
Para¤aque City to the south. Its owner, Citra Metro Manila
Tollways Corp., is a joint venture of Indonesian firm P.T. Citra
Lamtoro Gung Persada and the government-controlled Philippine
National Construction Corp.

Metro Pacific owns 10 percent of Citra Metro Manila Tollways
through Metro Strategic Infrastructure Holdings Inc.

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: Allied Bank Denies Merger Talks
----------------------------------------------
Allied Banking Corporation issued this announcement in reference
to a letter from the Philippine Stock Exchange (PSE) dated
August 29, 2005, regarding the news article entitled "Lucio Tan
to merge PNB & Allied Bank" published in the August 27, 2005
issue of the Philippine Star.

The article reported in part that:

"Tobacco and beer tycoon Lucio Tan may merge Philippine National
Bank and Allied Bank, a Tan representative said.

'A merger seems to be quite logical,' Domingo Chua, Tan's
representative on the Philippine National Bank board, told
reporters at a briefing in Manila.

'Mr. Tan has always said we need big and strong banks,' Tan will
retain the bank's officials and board Chua said."

Allied Bank informed PSE that no such discussion of merger has
been taken up at Allied Bank.

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 TRANSMISSION: Speeds Up Project to Avert Power Crisis
--------------------------------------------------------------
National Transmission Corp. (TransCo) is looking to accelerate
the commissioning of the Leyte-Mindanao Interconnection project
which was earlier deferred to 2011, Today News reveals.

TransCo is keen on fast tracking the project to 2008 to avoid a
potential power crisis in Mindanao.

TransCo president Alan Ortiz said that while the costs entailed
in constructing the line remains high, building the line is
economical considering that the cables to be used will last for
30 to 50 years.

Building the 500-megawatt Leyte-Mindanao cable has been
estimated to have an initial investment of between US$350
million and US$500 million to cover for the installation of a
45-kilometers of about 250-kilovolt line, a 20-kilometer of 230
kilovolt system, a 23-kilometer submarine cable, a 500-megawatt
converter stations at Ormoc in Leyte and Kirahon in Misamis
Oriental, and a two by 300 megavolt ampere (MVA) Alternate
Current station in Kirahon. The 500-MW LMIP is considered to be
the last stage in the power industry's bid to link all three the
Luzon, Visayas and Mindanao grids.

CONTACT:

National Transmission Corporation
Power Center BIR Road, cor. Quezon Avenue
Diliman, Quezon City
Telephone: (02) 9812100
Web site: https://www.transco.ph


UNITED PARAGON: Capital Restructuring Nears Completion
------------------------------------------------------
United Paragon Mining Corporation is working to wrap up its
capital restructuring this year, according to BusinessWorld.

The restructuring is likely to be concluded very soon after the
firm completed negotiations with affiliated and associated
companies for the conversion of debts into equity.

In a filing, United Paragon said applications to the Securities
and Exchange Commission (SEC) and the Philippine Stock Exchange
(PSE) are currently being prepared for the implementation of the
capital restructuring program to improve its current ratio, debt
ratio, debt-to-equity ratio and capital deficit.

Under the plan, the Php1.5 billion due to affiliated and
associated companies which includes loans, advances, interests
and financing charges will be converted into equity at par value
in accordance with the company's capital restructuring which was
approved by the board of directors and stockholders at their
meetings held last year.

Due to the suspension of mining and milling operations and
limited sources of funds, the company failed to meet payments
within the stated terms to majority of its suppliers,
contractors and creditors. However, the company had reduced
significantly the balance of its outstanding accounts with
suppliers, contractors and other creditors from Php248.3 million
in 1999 to Php93.66 million as of June 30, 2005.

The company paid in full its loans with Land Bank of the
Philippines in October 2004 while the amount of Php8.2 million
due to Rizal Commercial Banking Corp. will mature this year.

Early this month, United Paragon offered to settle Php51.73
million in liabilities to Vulcan Industrial & Mining Corp. via
shares.

United Paragon will decrease outstanding capital stock by half
or Php460.48 million for the purpose of reducing its current
deficit, by cutting the par value of each type of share to 50
percent and accordingly decrease its authorized capital stock to
Php1.44 billion from Php1.90 billion.

The company will issue Php1.5 billion worth of common shares
with a par value of Php0.50 per share to be paid by way of
conversion of existing liabilities to affiliated and associated
companies and amend the company's articles of incorporation to
reflect the decrease and then the increase in the authorized
capital stock.

Chairman and President Alfredo C. Ramos said the company's
turnaround will have to come from the start-up of its mining
operations, as investors require the co0mpletion of the capital
restructuring before they could help finance the rehabilitation
of the project.

United Paragon's principal asset is the Longos gold mine. In its
annual report, the company said it needs an estimated US$18
million to US$25 million in capital for the dewatering,
rehabilitation and further development of Longos.

CONTACT:

United Paragon Mining Corporation
8/F, Quad Alpha Centrum
125 Pioneer St., Mandaluyong City
Phone:  636-5133 to 34
Fax:  636-4923
E-mail Address: longos@vasia.com


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

ACCORD CUSTOMER: Clarifies 2004 Annual Report
---------------------------------------------
Accord Customer Care Solutions Limited announces that the
Company has relased an announcement in response to the Singapore
Exchange Securities Trading Limited's (SGX-ST) queries,
regarding certain items in its 2004 annual report.

Attached below is the Company's response to SGX-ST query:

http://bankrupt.com/misc/tcrap_accordcustomer083005.pdf

CONTACT:

Accord Customer Care Solutions Limited
20 Toh Guan Road #07-00
Accord District Center
Singapore 608839
Phone: 65 6410 2600
Fax:   65 6410 2610
Web site: http://www.accordccs.com


DIGILAND INTERNATIONAL: Court OKs Proposed Scheme to Creditors
--------------------------------------------------------------
Digiland International Limited announced that the Singapore High
Court approved the Company's proposed scheme of arrangement on
July 21, 2005, and a copy of the court order approving such
scheme was lodged with the Registrar of Companies on Aug. 29,
2005.

Accordingly,  the Scheme takes effect on and from Aug. 29, 2005.

BY ORDER OF THE BOARD
Lim Koon Hock
Company Secretary
Aug. 29, 2005

To view a copy of the Company's scheme of arrangement, go to:

http://bankrupt.com/misc/tcrap_digiland1083005.pdf

CONTACT:

Digiland International Limited
31 Ubi Road 1
#02-00 Aztech Building
Singapore 408694
Telephone: 65 67889898
Fax: 65 63691613
Web site: http://www.digiland.com.sg


DIGILAND INTERNATIONAL: Net Loss Cut by Half
--------------------------------------------
Digiland International Limited announced that the Company
reported a 56% decrease in its net loss for the financial year
ended June 30, 2005.

The Company posted a net loss of SGD20.08 million, compared to
its reported SGD45.24 million net loss for the same period last
year.

Digiland International Limited is engaged in the trading and
manufacture of computers, computer peripherals and related
accessories.

To view the Company's financial statements, click on:

http://bankrupt.com/misc/tcrap_digiland2083005.pdf


EI-NETS LIMITED: 2005 Net Loss Narrows
--------------------------------------
Ei-Nets Limited announced that the Company reported a 28.3%
decrease in its net loss for the financial year ended June 30,
2005.

The Company posted a net loss of SGD2.14 million, while its net
loss for the same period last year was SGD3 million.

ei-Nets Limited provides electronic commerce solutions to the
mechanical and electrical engineering and building industries.

To view the Company's financial statements, go to:

http://bankrupt.com/misc/tcrap_einets083005.pdf

CONTACT:

Ei-Nets Limited (Singapore)
152 Ubi Avenue 4 #03-00
ArmorCoat Technologies Building
Singapore 408826
Phone: 65 6846 8826
Fax:   65 6846 8827
Email: enquiry@ei-nets.com
Web site: http://www.ei-nets.com/


HESHE HOLDINGS: Net Loss Widens by 80%
--------------------------------------
Heshe Holdings Limited announced that the Company reported a
significant 81.7% increase in its net loss for the financial
year ended June 30, 2005.

The Company posted a net loss of SGD9.58 million for 2005,
comapred to a reprted net loss of SGD5.5 million for the same
period last year.

Heshe Holdings Limited is engaged in the manufacture, import,
export and wholesale of garments and apparel, operation of
restaurants and retailing of wine products and related products.

A copy of the Company's financial statements can be found at:

http://bankrupt.com/misc/tcrap_hesheholdings083005.pdf

CONTACT:

Heshe Holdings Limited
78 Shenton Way
#20-01 MCL Land Building
Singapore 079120
Phone: 65 6372 4300
Fax:   65 6220 4327
Email: contacts@heshe.com.sg
Web site: http://www.heshe.com.sg


NG CHYE: Intends to Distribute Dividend
---------------------------------------
Ng Chye Mong Pte Limited, formerly of 4 Toh Tuck Link
Singapore 596226, posted a notice of intended dividend at the
Government Gazette, Electronic Edition with the following
details:

Name of Company: Ng Chye Mong Pte Limited
Court: Supreme Court, Singapore
Number of Matter: Companies Winding Up No. 55 of 1999
Last day for receiving proofs: Sept. 9, 2005
Name  & address of Liquidators: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Kamala Ponnampalam
Assistant Official Receiver


SUNWAY BUSINESS: Liquidator to Detail Wind Up Manner
----------------------------------------------------
Notice is hereby given that the Final General Meeting of the
Members of Sunway Business Systems Pte Limited will be held on
Sept. 26, 2005, 11:00 a.m. at 1 North Bridge Road, #13-03 High
Street Center, Singapore 179094 for the following purposes:

1. To receive the Liquidator's account showing the manner of the
winding up and disposal of Company property, and to hear any
explanation that may be given by the Liquidator.

2. To determine by Resolution the manner in which the books,
accounts and documents of the Company and of the Liquidator,
shall be disposed of.

Dated this 26th August 2005

Tay Joo Sun
Liquidator
C/o 1 North Bridge Road
#13-03 High Street Center
Singapore 179094

Note:

A member entitled to attend and vote at the meeting is entitled
to appoint a proxy to attend and vote in his stead, and a proxy
need not be a member of the Company.

The instrument appointing a proxy must be deposited at the
Liquidator's office not less than 48 hours before the time
appointed for the Meeting.


UNITED FIBER: Clarifies Reports on Paper Firm Acquisition
---------------------------------------------------------
United Fiber System Limited (UFS) clarifies that the Company is
not part of the consortium comprising JP Morgan and Kingsclere
Finance Limited to acquire Indonesian pulp and paper firm PT
Kiani Kertas (PT KK) and/or its saw mill.

UFS entered into a Letter of Intent with Kingsclere, pursuant to
which Kingsclere proposes to sell, and the Company proposes to
buy from Kingsclere, a majority stake of the issued shares in PT
KK. The Proposed Acquisition involved the acquisition of a
majority stake of PT KK from Kingsclere, and not from the
consortium comprising JP Morgan and Kingsclere, and the Company
has no direct relationship with JP Morgan. Accordingly, the
Company is not in a position to make any comments about the
Article or the information set out therein.

The Company wishes to reiterate that discussions with Kingsclere
in relation to the Proposed Acquisition are still on-going and
the terms of the Proposed Acquisition have not been finalized.
As mentioned in the Company's earlier announcement, the Company
is currently performing all the necessary due diligence review
on PT KK for the purpose of deriving the final purchase price
for the shares of PT KK.

The Company will make necessary announcements at the appropriate
time, if and when the terms of the Proposed Acquisition are
finalized and a definitive sale and purchase agreement relating
to the Proposed Acquisition is entered into between the Company
and the Vendor.

By order of the Board
Kishore Dass
Chief Executive Officer
Aug. 29 2005

CONTACT:

United Fiber System Limited
103 Defu Lane 10
Poh Lian Building 1
Singapore 539223
Phone: 65 62846006
Fax:   65 62840074
Web site: http://www.ufs.com.sg


XUNG ASIA: Court Releases Winding Up Order
------------------------------------------
In the matter of Xung Asia Pte Limited, the Singapore High Court
issued a winding up order against the Company on Aug. 19, 2005,
with the following details:

Name and Address of Liquidator: The Official Receiver
URA Centre (East Wing)
45 Maxwell Road #05-11/#06-11
Singapore 069118

Dated this 26th day of August 2005

Messrs Tommy Choo Mark Go & Partners
Solicitors for the Petitioner

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:

Xung Asia Pte Limited
5 Shenton Way
#37-02 UIC Building
Singapore 068808
Phone: 65 6737 8077
Fax :  65 6737 9182


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

PICNIC CORPORATION: Details Capital Increase in Units
-----------------------------------------------------
Picnic Corp. Public Co. Limited disclosed to the Stock Exchange
of Thailand (SET) the resolution passed at the board of
directors' meeting to increase the capital in two subsidiaries
namely, World Gas (Thailand) Co. Ltd. (World Gas) and S.C.T.
(Vietnam) Gas Co. Ltd. (SCT), which is held through S.S.C. Petro
Development Co. Ltd.

Click to view a full copy of the announcement
http://bankrupt.com/misc/PicnicCorporation083005.pdf

CONTACT:

Picnic Corporation Public Company Limited
805 Srinakarin Road, Suan Luang Bangkok
Telephone: 0-2721-3600-59
Fax: 0-2721-3571
Web site: http://www.picniccorp.com


TONGKAH HARBOUR: Unit Slapped with THB491,531.24 in Claims
----------------------------------------------------------
Tongkah Harbour Public Company Limited (THL) informed the Stock
Exchange of Thailand (SET), shareholders and investors on the
resolutions passed during the directors meeting on August 26,
2005.

(1) Acknowledged and approved the resignation of Mr. Chaleo
Wanasawat as the Independent Director and Audit Committee Member
due to work requirements, which involves frequent travel aboard
as a Consultant.  His resignation is effective August 26, 2005.

The Company's Audit Committee therefore now consists of two
members:

(1) Mr. Prakit Pradipasen    Independent Director and
                             Chairman of Audit Committee

(2) Mr. Tiwa Sukumoljantra   Independent Director and
                             Audit Committee Member

(2) Acknowledged the THB491,531.24 that has been filed against
Sky Cliff Ltd (SCL), a subsidiary of THL by Construction Cost
Consultants Limited Partnership for full payment of service.

SCL rejected the claim as not all services have been rendered
pursuant to agreement.  SCL shall declare all information and
information and the evident to the Civil Court accordingly.

Please be informed accordingly.

Yours faithfully,
Mr. Chalermchai Martmuang
Secretary to the Executive Board of Directors

CONTACT:

Tongkah Harbour Public Company Limited
Muang Thai Phatra Office Tower 1,
Floor 7, 252/11 Rachadapisek Road,
Huai Khwang Bangkok
Telephone: 0-2695-4912-28
Fax: 0-2695-4901





                            *********


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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