TCRAP_Public/051004.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, October 4, 2005, Vol. 8, No. 196

                            Headlines

A U S T R A L I A

AJ ROSE: Appoints Official Liquidator
BERNARD HASTIE: Liquidator to Distribute Company Assets
BROADWATER BUILDING: Schedules Final Meeting October 10
CADIZ PTY: Enters Liquidation on Failure to Pay Debt
CARLYALL MASONRY: Members Decide to Close Operations

CARTER HOLT: Completes Forest Sale
EVANS & TATE: Defends Big Cash Payouts
FELTEX CARPETS: Officially Terminates Chief Executive
FELTEX CARPETS: Details Ops Review; May Import More Carpets
FINMEDIA LIMITED: Applies for NZSX Delisting

FULL SYSTEM: To Declare First, Final Dividend
INALA PTY: Members Resolve to Wind Up Firm
J&S SHOPFITTERS: Declares Dividend Today
JENBAR INVESTMENTS: Members Pass Winding Up Resolution
K&J WHOLESALE: Members, Creditors Review Winding Up

MYER LIMITED: David Jones Willing to Pay Premium
NARAMELLA PTY: Angela Gaffney Named Liquidator
NATIONAL AUSTRALIA: Chairman's Banking Choice a Mystery
NESSCO PTY: Creditors OK Liquidator's Appointment
PASDONNAY PTY: Intends to Pay Preferential Dividend

PLACATE PTY: Placed Under Voluntary Liquidation
POLARTECHNICS LIMITED: Spends Past 19 Years in Losses
RP DEVELOPMENTS: Winds Up Business
SANTOS LIMITED: Laden with Growth Prospects
SOUTHERN CROSS: Liquidator to Detail Wind Up Manner

TAMASEK PTY: Members Pass Winding Up Resolution
TONY'S BAR: Inability to Pay Debts Prompts Winding Up
WEIDNER & BEASTLEY: Liquidator to Explain Wind Up to Members
WESTBUS: Cabcharge Completes Acquisition of Assets
YORK THERMFRESH: Members Opt for Voluntary Liquidation


C H I N A  &  H O N G  K O N G

ARCHITACTICS COMPANY: Winding Up Hearing Set November 16
CECIL DEVELOPMENT: Court to Hear Winding Up Petition Next Month
CHOY PUI: Receives Bankruptcy Order
GUANGDONG KELON: Updates Share Transfer Agreement
KAI LAI: To Exit Bankruptcy Next Year

MULTILINK (HK) DEVELOPMENT: Court Releases Winding Up Order
PLENITUDE CONTAINER: Set to Cease Operations
RNA HOLDINGS: Appoints Joint, Several Liquidators
SHARP MERIT: Prepares to Wind Up Business
SHINE BRIGHT: Poised to Exit Bankruptcy

TJIN SIONG: Discharge from Bankruptcy Looms
WORLD WIPE: Begins Bankruptcy Process


I N D I A

ESCORTS LIMITED: NCD Programme Gets Default Rating
FOOD CORPORATION: Congress MP Wants Firm Wound Up
GOLDEN FORESTS: RRBs Advised to Submit Bank Statements


I N D O N E S I A

PERUSAHAAN LISTRIK: May Raise Power Rates Next Year
SEMEN GRESIK: Government Hopes Mexican Firm Drops Lawsuit
TELEKOMUNIKASI INDONESIA: Wants to Buy Back Shares from Market


J A P A N

DAIEI INCORPORATED: Store Closures to Hit 55th
DAIEI INCORPORATED: Launches Remodeled Store
JAPAN AIRLINES: Appoints New Board Member
KOKURA ENTERPRISE: To Start Business Restructuring
SANYO ELECTRIC: R&I Places Rating on Monitor

SOFTBANK CORPORATION: Unit Sells Club iT Shares
TOSHIBA CORPORATION: Sues Hynix Over Patents
TOWA CORPORATION: R&I Places BB- Rating on Monitor


K O R E A

SAMYANG FOODS: Nissin Joins Race for 27.66 Stake
* Seoul Government to Unload Stake in 6 Restructured Firms


M A L A Y S I A

ANCOM BERHAD: To Convene AGM October 25
DENKO INDUSTRIAL: Unveils Resolutions Passed at AGM
FABER GROUP: Denies Merger Plans with Pharmaniaga
HAP SENG: Buys Back 23,900 Shares
KIG GLASS: Plans to Undertake Restructuring Exercise

KILANG PAPAN: Net Loss Down to MYR4,625,000
K.P. KENINGAU: Default Status Still the Same
KUMPULAN EMAS: Net Loss Slightly Increases
LITYAN HOLDINGS: Awaits Outcome of Proposed Restructuring Scheme
MAGNUM CORPORATION: Issues New Shares for Listing, Quotation

MYCOM BERHAD: Unveils Timeline of Scheme Implementation  
PAN PACIFIC: Receives Sanction from Court
PANTAI HOLDINGS: Court to List, Quote New Shares
PILECON ENGINEERING: Default Status Remains Unchanged
POHMAY HOLDINGS: Negotiates with Lenders to Restructure Loans

POHMAY HOLDINGS: Board Processes Outline of Reorganization Plan
PUNCAK NIAGA: Court Moves Summary Judgment Hearing to October 20
TENCO BERHAD: Status of Payment Default Still Unchanged  


P H I L I P P I N E S

COLLEGE ASSURANCE: Mulls Criminal Raps vs SEC Execs, Politicians
COLLEGE ASSURANCE: SEC Exec Refutes Graft Charges
FASTECH SYNERGY: Updates on Financial Status, Debt Restructuring
NATIONAL POWER: YNN Says It Can Fulfill Part of Masinloc Deal
NATIONAL POWER: Inks EUR17.5-Mln Project with French Group

PLATINUM PLANS: Watchdog Contests Fund Changes


S I N G A P O R E

CITIRAYA INDUSTRIES: May Have to Pay SGD500 Million in Claims
CITIRAYA INDUSTRIES: Provides Financial Status Update
ELITE MANUFACTURING: Set to Distribute Dividend
ETAC PTE: Court Issues Winding Up Order
FIRSTLINK INVESTMENTS: New Management Focuses on Salt Business

HAI XIANG: Creditors Meet to Review Liquidation Process
WEE POH: Bourse Approves Planned Shares Listing


T H A I L A N D

DAIDOMON GROUP: Shareholders Cancel Annual Ordinary Meeting
PAE THAILAND: Unveils Board of Executive Committee
TPI POLENE: Court Dismisses Creditors' Objection
BOND PRICING: For the Week 3 October to 7 October 2005

     -  -  -  -  -  -  -  -

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

AJ ROSE: Appoints Official Liquidator
--------------------------------------
Notice is hereby given that at an extraordinary general meeting
of AJ Rose Pty Limited held on Aug. 29, 2005, it was resolved
that the Company be wound up voluntarily.

At a creditors' meeting held on the same day, it was resolved
that Michael William Crowley of 65 Sale Street, Orange, New
South Wales be appointed Liquidator for such purpose.

Dated this 30th day of August 2005

Michael W. Crowley
Liquidator
65 Sale Street
Orange NSW 2800


BERNARD HASTIE: Liquidator to Distribute Company Assets
-------------------------------------------------------
Notice is hereby given that at a meeting of the members of
Bernard Hastie (Australia) Pty Limited held on Aug. 26, 2005,
the following special resolutions were passed:

1) That the Company be wound up, and that Ian James Purchas be
appointed Liquidator;

2) That the Company assets may be distributed (in whole or in
part) to the members in specie, should the Liquidator so desire.

Dated this 29th day of August 2005

Ian J. Purchas
Liquidator
Star Dean-Willcocks
GPO Box 3969, Sydney NSW 2001
Phone: 02 9223 2944


BROADWATER BUILDING: Schedules Final Meeting October 10
-------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Broadwater Building Services Pty Limited will be
held on Oct. 10, 2005, 11:00 a.m. at the office of Nicholls &
Co. Chartered Accountants, Suite 6, 459 Peel Street, Tamworth
NSW 2340, to receive the Liquidator's account showing the manner
of the winding up and disposal of the property of the Company,
and to hear any explanation that may be given by the Liquidator.

Dated this 19th day of August 2005

A. R. Nicholls
Liquidator
Nicholls & Co.
Chartered Accountants
Suite 6, 459 Peel Street
Tamworth NSW 2340


CADIZ PTY: Enters Liquidation on Failure to Pay Debt
----------------------------------------------------
At a general meeting of the members of Cadiz Pty Limited duly
convened and held on Aug. 29, 2005, the following special
resolutions were passed:

That on the winding up of the Company subject to the payment of
its debts, liabilities and liquidation costs, its assets be
distributed (in whole or in part) among the members in specie,
according to their rights and interest in the company;

That the Company be wound up voluntarily; and

That Ross Musolino, Chartered Accountant, Suite 2, 4-8 Angas
Street, Kent Town SA be appointed Liquidator for such winding
up.

Ross Mulino
Liquidator
Suite 2, 4-8 Angas Street
Kent Town SA


CARLYALL MASONRY: Members Decide to Close Operations
----------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Carlyall Masonry Pty Limited held on Aug. 29, 2005, it was
resolved that the Company be wound up voluntarily, and that
Schon Condon & Bruce Gleeson of Jones Condon Chartered
Accountants, Level 1, 34 Charles Street, Parramatta NSW be
appointed Liquidator for the winding up.

Dated this 30th day of August 2005

Schon G. Condon RFD
Bruce Gleeson
Joint Liquidators
c/o Jones Condon
Chartered Accountants
Phone: 02 9893 9499


CARTER HOLT: Completes Forest Sale
----------------------------------
On 15 July 2005 Carter Holt Harvey Limited advised the market
that it had entered into an agreement to sell 94,300 hectares of
forests to a consortium comprising Rayonier Inc. and RREEF
Infrastructure, the global infrastructure arm of Deutsche Asset
Management for $435 million.

Carter Holt Harvey is pleased to confirm that Completion of the
sale has now occurred.

The sale was conditional on approval of the Overseas Investment
Commission and other normal commercial conditions.

Carter Holt Harvey confirmed that the conditions precedent have
now been satisfied and the sale to the consortium was
unconditional.

CONTACT:

NEW ZEALAND
Carter Holt Harvey Limited
640 Great South Road
Manukau City
Auckland 1020
Phone: +64 9 262 6000
Facsimile: +64 9 262 6099

AUSTRALIA
Carter Holt Harvey Limited
Como Office Tower
Level 16, 644 Chapel Street
South Yarra
Melbourne, VIC 3141
Telephone: +61 3 9823 1600
Facsimile: +61 3 9823 1620
Web site: http://www.chh.com


EVANS & TATE: Defends Big Cash Payouts
--------------------------------------
Embattled wine maker Evans & Tate (E&T) has defended a move to
boost the remuneration of Franklin and Heather Tate, the husband
and wife directors who floated the iconic Margaret River company
in 1999, The West Australian has learned.

E&T has admitted on Friday that Mr. and Mrs. Tate were given
higher salaries despite the winemaker's financial crisis and
AU$50-million loss in the previous financial year.

Mr. Tate, who was fired as chief executive in July, was paid an
AU$30,000 bonus last year, lifting his salary to AU460,000.

Mrs. Tate, an alternate director for her husband, was also paid
almost AU$9000 more than the previous year with a package worth
AU$86,402 without attending any of the company's 18 board
meetings.

An E&T executive defended the payments to the Tates, as well as
AU$172,000 in combined bonuses paid to the company's top six
executives.

He explained that Mr. Tate actually works full-time for the
company. He said the remuneration is not received in her
capacity as alternate director, it is received in her capacity
as an executive.

Prior to the 2003-04 annual report, Mrs. Tate was also listed as
the company's general manager public affairs, though accounts
for the last two financial years list her only as an alternate
director and shareholder.

The spokesman also said all bonuses outlined in the latest
accounts related to E&T's record profit in 2003-04.

But Gerry Pauley, WA branch president of the Australian
Shareholders' Association, said no E&T directors should be paid
bonuses in light of the company's woeful performance.

"I think Franklin Tate should be invited by shareholders to put
money back in, a-la John Roberts," he said, referring to the
Multiplex founder's pledge to personally cover at least AU$50
million in losses booked on the Wembley Stadium redevelopment in
London.

CONTACT:

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


FELTEX CARPETS: Officially Terminates Chief Executive
-----------------------------------------------------
On 24 August 2005 Feltex announced that Mr. Sam Magill had
stepped down as Chief Executive Officer and that Mr. Peter
Thomas had assumed the role of Executive Director until a new
Chief Executive Officer is appointed.

The Board of Directors has been seeking to agree final severance
terms with Mr. Magill.

Unfortunately the Board has been unable to reach a final
agreement with Mr. Magill on terms that it believes are in the
best interests of Feltex's shareholders and consistent with his
employment contract. The Board has therefore terminated Mr
Magill's employment with immediate effect. The Board's view is
that the provision made in the 2005 audited accounts for the
severance payment for Mr. Magill's departure remains adequate.

The Board has also invited Mr. Magill to resign as a director of
Feltex Carpets Limited.

Mr. Thomas will continue to act as Executive Director until the
new Chief Executive Officer is appointed.

CONTACT:

Feltex Carpets Ltd
Feltex Centre
145 Symonds Street
PO Box 2884
Auckland
Telephone: +64 9 379 1900
Fax: +64 9 379 1911
E-mail: feedback@feltex.com
Web site: http://www.feltex.com/


FELTEX CARPETS: Details Ops Review; May Import More Carpets
-----------------------------------------------------------
The Board of Feltex Carpets anticipates that the initial
announcements relating to restructuring arising from the
operations review will be made to the market in the week
commencing 17 October.

The 2005 Annual Report has been mailed to shareholders today and
an electronic version is available on the Feltex website
(www.feltex.com). This report includes an analysis of the down-
turn in earnings and the actions taken to date to address this,
including a comprehensive operations review. The restructuring
arising from the operations review is the next major step by the
Board to enhance the profitability of the business.

The operations review is identifying excess operating capacity
within Feltex that will be reduced by the restructuring, thereby
achieving substantial savings for the company. Following the
restructuring, the company will still be in a position to meet
current demand for carpet in Australia and New Zealand, and to
participate in any increase in demand.

The restructuring following the operations review is targeted to
produce significant cost savings for Feltex. This is in addition
to the savings of over $4m per year on an annualized basis from
the reduction in management overheads already announced. The
combined impact of the reduction in costs will have a material
positive impact on the profitability of the business. One-off
restructuring costs of each initiative is projected to be
recouped over a 9 to 18 month period.

The company has commenced initial consultation with staff and
their representatives concerning some of the proposed
restructuring initiatives. Consultation is being planned with
respect to other key restructuring initiatives. Implementation
will immediately follow such consultations and the respective
announcements.

It is the Board's view that the net benefits of the series of
restructuring initiatives undertaken since the market downturn
in late March and proposed to be implemented should benefit
Feltex's shareholders through the improved profitability of the
company.


FINMEDIA LIMITED: Applies for NZSX Delisting
--------------------------------------------
The New Zealand Stock Exchange (NZSX) advised that it has
received an application from FinMedia Limited (FML) to delist
pursuant to NZSX Listing Rule 5.4.1(b).

NZX has approved the delisting of FML ordinary shares from the
NZSX Market effective from close of business on Friday 28th
October 2005, subject to shareholders passing the special
resolutions at the Special Meeting to be held at 2pm on Friday
28 October 2005.

The purpose of the Special Meeting is for shareholders to
consider whether to place FML into voluntary liquidation and
cease to be Listed.

CONTACT:

FinMedia Limited
Level 4, 89 The Terrace
PO Box 10808
Wellington
Telephone: 04 473 2399
Web site: http://www.finmedia.com


FULL SYSTEM: To Declare First, Final Dividend
---------------------------------------------
Full System Technology Pty Limited will declare a first and
final dividend on Oct. 6, 2005.

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

Dated this 29th day of August 2005

G. J. Mier
Liquidator
KPMG
Level 13, Cairns Corporate Tower
15 Lake Street, Cairns Qld 4870
Phone: 07 4046 8888


INALA PTY: Members Resolve to Wind Up Firm
------------------------------------------
At an Extraordinary General Meeting of Inala Pty Limited held on
Aug. 31, 2005, members resolved to voluntarily wind up the
Company and to appoint Justin Denis Walsh and Richard John
Dennis of Ernst & Young, Level 5, Waterfront Place, 1 Eagle
Street, Brisbane, Qld, 4000 as Liquidators of the Company.

Dated this 31st day of August 2005

Justin Denis Walsh
Liquidator
Ernst & Young
Level 5, Waterfront Place
1 Eagle Street, Brisbane Qld 4000
Phone: 07 3243 3607


J&S SHOPFITTERS: Declares Dividend Today
----------------------------------------
J&S Shopfitters (Australia) Pty Limited will declare a first and
final dividend today, Oct. 4, 2005.

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

Dated this 30th day of August 2005

Martin J. Green
Liquidator
GHK Green Krejci
Level 9, 179 Elizabeth Street
Sydney NSW 2000


JENBAR INVESTMENTS: Members Pass Winding Up Resolution
------------------------------------------------------
Notice is hereby given that at a general meeting of Jenbar
Investments Pty Limited held on Sept. 1, 2005, it was resolved
that the Company be wound up voluntarily, and that Roger Penman
of Level 15, 309 Kent Street, Sydney be appointed Liquidator for
such purpose.

Dated this 6th day of September 2005

Roger Penman
Liquidator
WHK Greenwoods Pty Ltd
Level 15, 309 Kent Street
Sydney NSW 2000


K&J WHOLESALE: Members, Creditors Review Winding Up
---------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of K&J Wholesale Blinds Pty Limited will be held on
Oct. 10, 2005, 11:15 a.m. at the offices of Bent & Cougle,
Chartered Accountants, Level 5, 332 St. Kilda Road, Melbourne
Vic 3004, for the following purposes:

BUSINESS:

To receive the Liquidator's accounts.

Dated this 17th day of August 2005

H. A. MacKinnon
Liquidator
Bent & Cougle
Chartered Accountants
Level 5, 332 St. Kilda Road
Melbourne Vic 3004


MYER LIMITED: David Jones Willing to Pay Premium
------------------------------------------------
Department store chain David Jones (DJ) is poised to pay a
premium for the Myer stores it wants to acquire and is open to a
private equity partnership, Sydney Morning Herald reports.

DJ boss Mark McInnes believes that his company would be able to
create more value from certain stores owned by Myer Limited than
other potential purchasers.

"I think we'd bring our business model to those stores, we'd
also bring our credit card operations to those stores and, as a
result of that, those stores are more than likely to be more
valuable in our hands than anybody else's," Mr. McInnes said.

David Jones is not looking particularly at Myer's capital city
stores or its major stores at Bondi and Chatswood in Sydney, or
Chadstone in Melbourne.

David Jones last month announced a 19 percent jump in its annual
net profit to US$77.86 million for 2004-05, in line with
expectations.

Myer reported a US$15 million net loss in the second half of
2004-05, prompting its parent Coles Myer to put it up for sale.

CONTACT:

Myer Limited
295 Lonsdale Street
Melbourne Vic 3000
Telephone: (61 3) 9661 1111
Facsimile: (61 3) 9661 3770
Web site: http://www.myer.com.au

or

Coles Myer Limited
800 Toorak Road
Tooronga Vic 3146
Telephone: (61 3) 9829 3111
Facsimile: (61 3) 9829 6787
Web site: http://www.colesmyer.com.au


NARAMELLA PTY: Angela Gaffney Named Liquidator
----------------------------------------------
At a general meeting of the members of Naramella Pty Limited
held on Aug. 23, 2005, the following special resolution was
passed:

That the Company be wound up voluntarily, and that Angela Ann
Gaffney be and is hereby appointed as Liquidator for such
purpose; and

That the Liquidator be and is hereby authorized to distribute
the Company assets in specie as she sees fit, and on such
conditions as she deems necessary to any one or more of the
members.

Dated this 23rd day of August 2005

R. L. Clarke
Director
c/o RSM Bird Cameron
1st Floor, 8 St Georges Terrace
Perth WA 6000


NATIONAL AUSTRALIA: Chairman's Banking Choice a Mystery
-------------------------------------------------------
A revelation made by National Australia Bank (NAB) chairman
Michael Chaney about his banking preference came as a shock to
the bank's customers, The Advertiser reports.

Mr. Chaney admitted that despite being satisfied with NAB's
corporate recovery plans, he prefers to do his personal banking
at another institution for the time being.

He explained he felt obligated to use a competitor for corporate
disclosure reasons.

"I haven't been a customer (of NAB). I've banked with another
bank and I'll probably leave my banking there," Mr. Chaney said.

The latest revelation baffled clients of NAB, which is
struggling to get back on its feet after a terrible 2004.

Last year, NAB saw a very public boardroom spat and AU$380
million of losses from the bank's foreign trading arm, after
which charges were laid against a number of its employees.

NAB announced last week it would spend AU$1.8 billion rebuilding
its Australian business.

It said it would target keeping underlying cost growth in the
Australian business under three percent per annum on average
over the next three years.

CONTACT:

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


NESSCO PTY: Creditors OK Liquidator's Appointment
-------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
Nessco Pty Limited held on Aug. 29, 2005, it was resolved that
the Company be wound up voluntarily, and that M. F. Cooper be
appointed Liquidator for such purpose.

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

Dated this 30th day of August 2005

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


PASDONNAY PTY: Intends to Pay Preferential Dividend
---------------------------------------------------
Pasdonnay Pty Limited will declare a first and final
preferential dividend on Oct. 14, 2005.

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

Dated this 30th day of August 2005

K. A. Strickland
Liquidator
SimsPartners
Level 12, Dwyer Durack House
40 St. George's Terrace, Perth WA 6000


PLACATE PTY: Placed Under Voluntary Liquidation
-----------------------------------------------
At an Extraordinary General Meeting of Placate Pty Limited held
on Aug. 23, 2005, members resolved to voluntarily wind up the
Company and appoint John Gibbons and Keiran Hutchison of Ernst &
Young, Level 37, 680 George Street Sydney NSW 2000 as
Liquidators for such winding up.

Dated this 13th day of September 2005

John Gibbons
Keiran Hutchison
Liquidators
Ernst & Young
Level 37, 680 George Street
Sydney NSW 2000
Phone: 02 9248 4121


POLARTECHNICS LIMITED: Spends Past 19 Years in Losses
-----------------------------------------------------
Polartechnics Limited has again capped a difficult year with
hefty losses of AU$8.4-million loss, up almost 40-percent than
last year's AU$6.06 million, according to the Sydney Morning
Herald.

The medical device company said the loss was earned on a 25-
percent increase in revenue to AU$6.3 million from AU$5.02
million and brings the company's accumulated losses over the
past 19 years to AU$61.7 million.

But non-executive directors agreed to have their remuneration
slashed by 25 percent from AU$37,500 to AU$28,125 to share the
shareholders' burden.

Polartechnics' bank assets have now deflated to AU$1.7 million,
well down from the previous year's AU$7.7 million. Research and
development expenditure has also dropped from AU$3.1 million to
AU$1.1 million.

The Company blamed its current loss can be attributed to the
"significant restructuring and redundancy costs" associated with
a change in focus.

On Friday, chief executive Victor Skladnev said Polartechnic's
sales revenue had soared from about AU$500,000 to almost AU$6
million in two years.

About 40 percent of the company's sales came from EnergistUltra,
a "cash cow" specifically introduced to help fund the other
products.

Solarscan and Mediscan each accounted for about one quarter of
the sales, with the remainder coming from Truscreen, he said.

A recent cost-reduction program had sharply cut the company's
cash-burn, Mr. Skladnev said

A copy of the Company's Financialo Report is available for
downloading free of charge at:
http://bankrupt.com/misc/tcrap_polartechnics100305.pdf.

CONTACT:

Polartechnics Limited
Level One, 140 William Street
(between Bourke St and Forbes St)  
Sydney NSW 2011  
AUSTRALIA  
Phone: +61-2-9358 3276  
Fax: +61-2-9368 1070
Web site: http://www.polartechnics.com.au


RP DEVELOPMENTS: Winds Up Business
----------------------------------
At an Extraordinary General Meeting of RP Developments Pty
Limited held on Aug. 23, 2005, members passed a special
resolution to voluntarily wind up the Company, and John Gibbons
and Keiran Hutchison of Ernst & Young, Level 37, 680 George
Street Sydney NSW 2000 were appointed Liquidator's of the
Company.

Dated this 13th day of September 2005

John Gibbons
Keiran Hutchison
Liquidators
Ernst & Young
Level 37, 680 George Street
Sydney NSW 2000
Phone: 02 9248 4121


SANTOS LIMITED: Laden with Growth Prospects
-------------------------------------------
Santos Limited claims it has a "full bucket" of growth
opportunities from 2006 and the years to come, according to Asia
Pulse.

The Oil and gas producer's Managing Director John Ellice-Flint
is confident the firm will grow and boost performance beyond
2006.

Mr. Ellice-Flint said Santos has a growing production profile
and a very active development portfolio, with four new projects
expected to come on stream in the next 15 months.

Santos last week announced the discovery of a new gas field off
the coast of the Northern Territory. It said drilling at its
Caldita 1 exploration well in 137 metres of water, 265
kilometres north of Darwin had encountered a "significant
hydrocarbon column in a high quality reservoir interval".

The company is now assessing the potential to develop the new
field, in which it has a 40 percent stake in along with partner
US energy giant ConocoPhillips, which has a 60 percent interest.

Santos has lifted its production forecast for the 2005 calendar
year to 55 million barrels of oil equivalent (mmboe), compared
to its previous estimate of 54 mmboe and the 47 mmboe recorded
in 2004.

It expects at least a 10 percent increase in production in 2006.

CONTACT:

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


SOUTHERN CROSS: Liquidator to Detail Wind Up Manner
---------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Southern Cross Interiors Pty Limited will be held
on Oct. 10, 2005, 10:00 a.m. at the Liquidator's office, to have
an account laid before them showing how the winding up was
conducted and the property of the Company disposed of, and to
hear any explanation that may be given by the Liquidator.

Dated this 6th day of September 2005

Christopher J. Palmer
Liquidator
O'Brien Palmer
Level 4, 23-25 Hunter Street
Sydney NSW 2000
Phone: 9232 3322
Fax:   9232 3388


TAMASEK PTY: Members Pass Winding Up Resolution
-----------------------------------------------
At a general meeting of the members of Tamasek Pty Limited held
on Aug. 26, 2005, the following special resolutions were passed:

That the Company be wound up voluntarily.

That Andre Janis Strazdins and Nicholas David Cooper of
SimsPartners, Level 4, 12 Pirie Street, Adelaide 5000, be
nominated Joint & Several Liquidators for such purpose.

Dated this 26th day of August 2005

Nicholas D. Cooper
Andre Janis Strazdins
Joint Liquidators
SimsPartners
Level 4, 12 Pirie Street
Adelaide 5000


TONY'S BAR: Inability to Pay Debts Prompts Winding Up
-----------------------------------------------------
Notice is hereby given that at a meeting of the members and
creditors of Tony's Bar & Grill Pty Limited held on Aug. 29,
2005, the following Special Resolution was passed:

That as it is unable to pay its debts as and when they fall due,
the Company be wound up voluntarily, and that Blair Pleash and
Richard Albarran be appointed Liquidators for the wind up.

Dated this 31st day of August 2005

Richard Albarran
Blair Pleash
Liquidators
Hall Chadwick
HSBC Building, Level 20
300 Queen Street
Brisbane Qld 4000


WEIDNER & BEASTLEY: Liquidator to Explain Wind Up to Members
------------------------------------------------------------
Notice is given that a final meeting of members of Weidner &
Beastley Pty Limited will be held on Oct. 10, 2005, 10:00 a.m.
at 491 Smollett Street, Albury NSW 2640.

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.

Accounts are available for inspection at the Liquidator's office
during normal business hours.

Dated this 31st day of August 2005

Noel R. Willis
Liquidator
KPMG
491 Smollett Street, Albury NSW 2640
Phone: 02 6021 1111


WESTBUS: Cabcharge Completes Acquisition of Assets
--------------------------------------------------
Further to Cabcharge Australia Limited (Cabcharge's)
announcement on August 22, 2005 in relation to the joint venture
with ComfortDelGro Corporation Limited (ComfortDelgro) for the
acquisition of the assets of the Westbus Group, Cabcharge
announced that the acquisition was successfully completed on
September 30, 2005.

Cabcharge and ComfortDelGro have established the following
subsidiaries of the joint venture company, ComfortDelGro
Cabcharge Pty Ltd, in Australia and United Kingdom to operate
the business and hold the assets from the Westbus Group:

Australia

(1) Westbus Region 1 Pty Ltd
(2) Westbus Region 3 Pty Ltd
(3) Hillsbus Co Pty Ltd
(4) Hunter Valley Buses Pty Ltd (operating as Bluse Ribbon
Buses)

United Kingdom

(1) Westbus Coach Services Limited

Executive Chairman of Cabcharge, Reg Kermode said: "This is an
extremely important step for Cabcharge in both strengthening our
relationship with our important joint venture partner,
ComfortDelGro, the second largest listed land transport company
in the world and broadening the base of the Cabcharge Group of
Companies.

Our appreciation is also expressed to Deloitte Touche Tohmatsu
in their professionalism in their administration of this very
complex acquisition".

CONTACT:

Westbus Pty Ltd
Level 12, 100 George Street
Parramatta, NSW 2150
Web site: http://www.westbus.com.au


YORK THERMFRESH: Members Opt for Voluntary Liquidation
------------------------------------------------------
Notice is hereby given that at a General Meeting of Members of
York Thermfresh Pty Limited duly convened and held on Aug. 31,
2005, members passed a special resolution to voluntarily wind up
the Company, and William James Harris and J. P. Cronin were
appointed joint and several Liquidators.

Dated this 31st day of August 2005

J. P. Cronin
William J. Harris
Liquidator
c/o McGrathNicol+Partners
Level 32, Central Plaza One
345 Queen Street, Brisbane Qld 4000
Phone: (07) 3333 9812
Web site: http://www.mcgrathnicol.com.au/


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

ARCHITACTICS COMPANY: Winding Up Hearing Set November 16
--------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Architactics Company Limited by the High Court of Hong Kong
Special Administrative Region was on September 12, 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 November 16, 2005.

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

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

SIGNED: K. W. NG & CO.
Solicitors for the Petitioner
11/F., Wings Building
110 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 November 15, 2005.


CECIL DEVELOPMENT: Court to Hear Winding Up Petition Next Month
---------------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Cecil Development Limited by the High Court of Hong Kong Special
Administrative Region was on September 21, 2005 presented to the
said Court by Cecil Development Limited whose registered office
is situate at Room 1906, Empress Plaza, 17-19 Chatham Road
South, Tsim Sha Tsui, Kowloon, Hong Kong.  

The said Petition is to be heard before the Court at 9:30 a.m.
on November 23, 2005.

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

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

TSANG, CHAN & WOO
Solicitors for the Petitioner
12th Floor, Grand Building
15-18 Connaught Road Central
Central, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the 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 November 22, 2005.


CHOY PUI: Receives Bankruptcy Order
-----------------------------------
Notice is hereby given that the bankruptcy order against Choy
Pui Wai formerly trading as Ngai Lun Construction Company were
made on September 30, 2005.

All debts due to the estates should be paid to official
receiver.

ET O'Connell
Official Receiver


GUANGDONG KELON: Updates Share Transfer Agreement
-------------------------------------------------
Reference is made to the announcement of Guangdong Kelon
Electrical Holdings Company Limited dated September 14, 2005
(the Transfer Announcement) relating to the share transfer
pursuant to the transfer agreement dated September 9, 2005
entered into between Guangdong Greencool Enterprise Development
Company Limited and Qingdao Hisense Air-Conditioner Company
Limited (the Transfer Agreement).

The Company was informed on September 30, 2005 that Guangdong
Greencool and Hisense had on September 28, 2005 entered into a
supplemental agreement to the Transfer Agreement. The amendments
made in the Supplemental Agreement are briefly summarized as
follows:

(1) CLAUSE 3.1 OF THE TRANSFER AGREEMENT

Clause 3.1 of the Transfer Agreement relates to the
determination of the consideration of the Sale Shares and the
payment method.

As stated in the Transfer Announcement, the consideration of the
Sale Shares was determined based on the audited net asset value
of the Sale Shares. Based on the 2005 interim report of the
Company, the consideration was determined as RMB900 million
(equivalent to approximately RMB3.432 per share) subject to
adjustment. The reference to the audited net asset value of the
Sale Shares was taken out under the Supplemental Agreement.

It was stated in the Transfer Announcement that an initial
deposit in the amount of RMB500 million is to be paid within 7
business days of the Transfer Agreement taking effect, of which
RMB20 million is to be paid within 7 business days of the date
of the Transfer Agreement. Pursuant to the Supplemental
Agreement, an initial deposit in the amount of RMB500 million is
to be paid within 7 business days of the Transfer Agreement
taking effect, of which RMB20 million is to be paid within 10
business days of the date of the Transfer Agreement. The
Supplemental Agreement also contained payment instructions in
respect of the payment of such initial deposit.

(2) CLAUSE 3.2 OF THE TRANSFER AGREEMENT

Clause 3.2 of the Transfer Agreement relates to adjustment of
consideration of the Sale Shares and the related payment
schedule.

It was stated in the Transfer Announcement that Hisense is
required to pay the balance of the adjusted consideration to
Guangdong Greencool within seven business days of the transfer
of the Sale Shares.

Pursuant to the Supplemental Agreement, Hisense is required to
pay the balance of the adjusted consideration to Guangdong
Greencool within 7 business days of the transfer of the Sale
Shares and RMB20 million out of such balance is to be paid
within 6 months after the transfer of the Sale Shares.

(3) CLAUSE 2.2 OF THE TRANSFER AGREEMENT

Clause 2.2 of the Transfer Agreement relates to transfer of the
Sale Shares. Pursuant to the Transfer Agreement, both Guangdong
Greencool and Hisense agree to handle and complete matters
relating to the transfer of the Sale Shares to Hisense. Pursuant
to the Supplemental Agreement, Guangdong Greencool is to be
responsible for the handling and completion of matters relating
to the transfer of the Sale Shares to Hisense and that the
transferred Sale Shares shall be free from any encumbrances and
charges (except required by laws).

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

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

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


KAI LAI: To Exit Bankruptcy Next Year
-------------------------------------
Notice is hereby given that under the provisions of section 30 A
of the Bankruptcy Ordinance (Chapter 6), Yuen Mi Chuin trading
as Kai Lai Records Co. (the bankrupt), will be discharged from
bankruptcy on January 2, 2006, in the absence of any objections
from their trustee in bankruptcy or creditors.

The bankrupts' creditors have the right to object to their
discharge on any of the following grounds:

(i) In the case of a discharge to which section 30A(2)(a) of the
Bankruptcy Ordinance (Chapter 6) applies, that the bankrupt is
likely within 5 years of the commencement of the bankruptcy to
be able to make a significant contribution to its estate;

(ii) That the discharge of the bankrupt would prejudice the
administration of its estate;

(iii) That the bankrupt has failed to co-operate in the
administration of its estate;

(iv) That the conduct of the bankrupt, either in respect of the
period before or the period after the commencement of the
bankruptcy, has been unsatisfactory;

(v) Without limiting section 30A(4)(c) or (d) of the Bankruptcy
Ordinance (Chapter 6)(i.e. ground (iii) or (iv)), that the
bankrupt has departed from Hong Kong and has failed forthwith to
return to Hong Kong following a request to do so from the
trustee;

(vi) That the bankrupt has continued to trade after knowing to
be insolvent;

(vii) That the bankrupt has committed an offence under section
129 or any of sections 131 to 136 of the Bankruptcy Ordinance
(Chapter 6); and

(viii) That the bankrupt has failed to prepare an annual report
of his/her earnings and acquisitions for the trustee.

Dated this 26th day of September 2005.

ET O'Connell
Official Receiver
10th Floor, Queensway Government Offices,
66 Queensway, Hong Kong
Phone: 2867 2448
Fax: 3105 1814
Web site: http://www.info.gov.hk/oro/


MULTILINK (HK) DEVELOPMENT: Court Releases Winding Up Order
-----------------------------------------------------------
Multilink (HK) Development Limited whose place of business is
located at Rm B6 & B7, 8th Floor, Lladro Centre, 72-80 Hoi Yuen
Road, Kwun Tong, Kowloon was issued a winding up order notice by
the High Court of the Hong Kong Special Administrative Region
Court of First Instance on September 21, 2005.

Date of Presentation of Petition: July 20, 2005

Dated this 30th day of September 2005

ET O'Connell
Official Receiver


PLENITUDE CONTAINER: Set to Cease Operations
--------------------------------------------
Plenitude Container Transportation Company Limited whose place
of business is located at Shop B43, Basement U-Town Shopping
Arcade, Tung Wai Court, 3 Tsing Ling Path, Tuen Mun, 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 September 21, 2005.

Date of Presentation of Petition: July 22, 2005

Dated this 30th day of September 2005

ET O'Connell
Official Receiver


RNA HOLDINGS: Appoints Joint, Several Liquidators
-------------------------------------------------
By order of the High Court of the Hong Kong Special
Administrative Region, dated September 27, 2005, Mr. Cosimo
Borrelli and Mr. Kelvin Edward Flynn of 5/F Allied Kajima
Building, 138 Gloucester Road, Wanchai, Hong Kong have been
appointed Joint and Several Liquidators of RNA Holdings Limited
with a committee of inspection.

Dated this 30th day of September 2005

COSIMO BORRELLI
KELVIN EDWARD FLYNN
Joint and Several Liquidators

Presented by: Alvarez and Marsal Asia Limited


SHARP MERIT: Prepares to Wind Up Business
-----------------------------------------
Sharp Merit International Limited whose place of business is
located at Trustnet Chambers P.O. Box 3444 Road, Twon Tortola
British Virgin Islands was issued a winding up order notice by
the High Court of the Hong Kong Special Administrative Region
Court of First Instance on September 21, 2005.

Date of Presentation of Petition: July 18, 2005

Dated this 30th day of September 2005

ET O'Connell
Official Receiver


SHINE BRIGHT: Poised to Exit Bankruptcy
---------------------------------------
Notice is hereby given that under the provisions of section 30 A
of the Bankruptcy Ordinance (Chapter 6), Chan Yuen Sheung
formerly trading as Shine Bright Engineering Co. (the bankrupt),
will be discharged from bankruptcy on January 9, 2006, in the
absence of any objections from their trustee in bankruptcy or
creditors.

The bankrupts' creditors have the right to object to their
discharge on any of the following grounds:

(i) In the case of a discharge to which section 30A(2)(a) of the
Bankruptcy Ordinance (Chapter 6) applies, that the bankrupt is
likely within 5 years of the commencement of the bankruptcy to
be able to make a significant contribution to its estate;

(ii) That the discharge of the bankrupt would prejudice the
administration of its estate;

(iii) That the bankrupt has failed to co-operate in the
administration of its estate;

(iv) That the conduct of the bankrupt, either in respect of the
period before or the period after the commencement of the
bankruptcy, has been unsatisfactory;

(v) Without limiting section 30A(4)(c) or (d) of the Bankruptcy
Ordinance (Chapter 6)(i.e. ground (iii) or (iv)), that the
bankrupt has departed from Hong Kong and has failed forthwith to
return to Hong Kong following a request to do so from the
trustee;

(vi) That the bankrupt has continued to trade after knowing to
be insolvent;

(vii) That the bankrupt has committed an offence under section
129 or any of sections 131 to 136 of the Bankruptcy Ordinance
(Chapter 6); and

(viii) That the bankrupt has failed to prepare an annual report
of his/her earnings and acquisitions for the trustee.

Dated this 26th day of September 2005.

ET O'Connell
Official Receiver
10th Floor, Queensway Government Offices,
66 Queensway, Hong Kong
Phone: 2867 2448
Fax: 3105 1814
Web site: http://www.info.gov.hk/oro/


TJIN SIONG: Discharge from Bankruptcy Looms
-------------------------------------------
Notice is hereby given that under the provisions of section 30 A
of the Bankruptcy Ordinance (Chapter 6), Yap King Fai also known
as Yap King Fai Franky trading as Tjin Siong Trading Company
(HK) (the bankrupt), will be discharged from bankruptcy on
January 10, 2006, in the absence of any objections from their
trustee in bankruptcy or creditors.

The bankrupts' creditors have the right to object to their
discharge on any of the following grounds:

(i) In the case of a discharge to which section 30A(2)(a) of the
Bankruptcy Ordinance (Chapter 6) applies, that the bankrupt is
likely within 5 years of the commencement of the bankruptcy to
be able to make a significant contribution to its estate;

(ii) That the discharge of the bankrupt would prejudice the
administration of its estate;

(iii) That the bankrupt has failed to co-operate in the
administration of its estate;

(iv) That the conduct of the bankrupt, either in respect of the
period before or the period after the commencement of the
bankruptcy, has been unsatisfactory;

(v) Without limiting section 30A(4)(c) or (d) of the Bankruptcy
Ordinance (Chapter 6)(i.e. ground (iii) or (iv)), that the
bankrupt has departed from Hong Kong and has failed forthwith to
return to Hong Kong following a request to do so from the
trustee;

(vi) That the bankrupt has continued to trade after knowing to
be insolvent;

(vii) That the bankrupt has committed an offence under section
129 or any of sections 131 to 136 of the Bankruptcy Ordinance
(Chapter 6); and

(viii) That the bankrupt has failed to prepare an annual report
of his/her earnings and acquisitions for the trustee.

Dated this 26th day of September 2005.

ET O'Connell
Official Receiver
10th Floor, Queensway Government Offices,
66 Queensway, Hong Kong
Phone: 2867 2448
Fax: 3105 1814
Web site: http://www.info.gov.hk/oro/


WORLD WIPE: Begins Bankruptcy Process
-------------------------------------
Notice is hereby given that the bankruptcy order against Ng Fuk
Mun trading as World Wipe P.S. Company were made on September
30, 2005.

All debts due to the estates should be paid to official
receiver.

ET O'Connell
Official Receiver


=========
I N D I A
=========


ESCORTS LIMITED: NCD Programme Gets Default Rating
--------------------------------------------------
Escorts Limited (Escorts) has an outstanding rating of LD
assigned by ICRA for its INR958 million Non Convertible
Debenture programme (NCD). The rating indicates default.

ICRA has taken note of the sale of Escort's entire stake in
Escorts Heart Institute & Research Center (EHIRC), which is
expected to result in a cash inflow of INR6.5 billion into
Escorts books.

The company's plans to deploy these sale proceeds towards
reducing its high debt levels as well as support the working
capital needs of its tractor and other group operations, are
expected to aid Escorts in improving its financial risk profile.

ICRA, however, has noted the legal issues involving members of
the Escorts promoter family, which could impact the execution of
the deal. ICRA is watching these developments closely and would
take a rating decision as more clarity is obtained on the
certainty and timing of these cashflows.

Escorts is a leading manufacturer of tractors in the country and
reported revenues of INR11.21 billion with a net loss of INR3.14
billion in the 15 month period ended June 2005. The company has
a significant amount of debt outstanding of INR9.8 billion as on
June 30, 2005, a part of which is overdue for repayment. EHIRC
is among the country's leading specialty hospitals, with a
turnover of INR3.3 billion and PAT of INR97.7 million in 2003-
04. EHIRC's doctors and top management team hold 10% of its
equity with the balance being held by Escorts (80%) and the
promoter family.

CONTACT:

Mr. Vivek Mathur,
ICRA Delhi
Phone: +91-11-2335 7940-50
Web site: http://www.icraratings.com


FOOD CORPORATION: Congress MP Wants Firm Wound Up
-------------------------------------------------
A Congress MP demanded the closure of ailing public sector
organizations like Food Corporation of India (FCI) and use their
assets for other fruitful endeavors, Web India reports.

Andhra Pradesh MP K S Rao suggested to Prime Minister Manmohan
Singh that there should be an assessment of the functioning of
various public sector units and their contributions to society
in various parts of the country.

He said the subsidy for distribution of foodgrains through
public distribution system (PDS) had hit INR24,177 crore in
2003-04 from INR2,450 crore in 1990-91 and there was
multiplicity of agencies involved in the supply of foodgrains.

He said although Agriculture Minister Sharad Pawar had stated
that steps were taken to improve the operational efficiency of
the FCI and reduce the subsidy outgo, many states had difficulty
in lifting allotted foodgrains because of financial constraints
resulting in irregular offtake.

"The country can ill afford to bear huge subsidies," he added

CONTACT:

North Zone
Food Corporation of India
A-2a,2b Sector -24
Noida - 201301

East Zone
10A, Middleton Row,
Kolkata - 700071
Phone: 2229-8928 / 8742 / 8723 / 8754,
2246-2559 / 2562
E-mail: zmeast@fci.delhi.nic.in

South Zone
Zonal Office 3, Haddows Road,
Chennai - 600 006
Phone : +91-44-28276423, +91-44-28276463  
Fax : +91-44-28276623

Web site: http://fciweb.nic.in/


GOLDEN FORESTS: RRBs Advised to Submit Bank Statements
------------------------------------------------------
Golden Forests (India) Ltd. has advised that as per the
directions of the Supreme Court of India, the committee had
invited claims from all the investors and other creditors of
Golden Forests (India) Ltd., and received over 12 lakh claims.

The committee has observed that some of the agents of the
company had been receiving deposits and issuing Provisional
Receipts/Acknowledgement even after the company had stopped
working and the Provisional Liquidator had taken over the
company with effect from July 3, 2003.

These agents knew that the company had stopped doing business
since December 2000 and no payments were being made by it. Even
then, they got receipts printed similar to those issued by the
company and continued to receive deposits and issue receipts.
Therefore, there is likelihood of many bogus claims being
received.

In order to verify whether the amounts covered by the receipts
issued after December 1, 2000 were actually deposited in the
accounts of the company or not, it is necessary to verify the
copies of bank statements after December 1, 2000 til the
accounts were finally closed.

The committee has, therefore, directed that the banks which
had/have the bank accounts of Golden Forests (India) Ltd.,
and/or any of subsidiary/associate companies (list enclosed),
should send the statement in respect of those accounts from
December 1, 2000 till the accounts were finally closed. The
statement of accounts may be sent to the following address:

Office of the Chairman,
Committee-Golden Forest (I) Ltd
(Appointed by the Hon'ble Supreme Court of India),
Bungalow No. 60, Sector 4,
Chandigarh.(Tel.No.0172-2740134).

Please refer to circular RPCD.RRB.CO.No.BC.52/03.05.33/2004-05
(RBI/2004-05/260) dated November 1, 2004 on the above subject:
http://bankrupt.com/misc/TCRAP_GOLDENFOREST100305.pdf.


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

PERUSAHAAN LISTRIK: May Raise Power Rates Next Year
---------------------------------------------------
State electricity firm PT Perusahaan Listrik Negara (PLN) is
expecting its power generation costs to increase 50% next year,
which means it may have to raise power rates, reports the
Jakarta Post.

According to PLN power plants & primary energy generation
director Ali Herman Ibrahim, power costs may go up as hi gh as
IDR$5 trillion next year, from a projected IDR30 trillion this
year, even as petroleum usage is expected to drop by three
million kiloliters.

PLN President Eddie Widiono said that the Company would request
a bigger subsidy from the government and improve efficiency in
order to cover the increase in costs, but if such is impossible,
then they may have to increase rates, as well.

Oil-based fuels are a major part of PLN's power generation
costs, while costs for alternative power sources reach up tp
IDR10 trillion a year. The Company is slated to reduce its fuel
consumption next year as producers shift to natural gas, and
will cosume 2.5 million kiloliters of marine fuel oil and 5.5
million kiloliters of high-speed diesel to generate power, said
director Ibrahim.

PLN expects to spend up to IDR33.32 trillion for petroleum-based
fuel next year, while it would shell out IDR6 trillion for coal
and IDR6 trillion for gas, bringing its total expenses to
IDR45.32 trillion.

While the government and House of Representatives have yet to
determine next year's subsidy for the Company, it is expected to
be lower than this year. This year, PLN will receive a IDR12.5
trillion subsidy, according to the revised 2005 state budget,
but could receive less than IDR5 trillion next year. The
commission will deliberate on PLN's 2006 subsidy later this
month.

CONTACT:

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


SEMEN GRESIK: Government Hopes Mexican Firm Drops Lawsuit
---------------------------------------------------------
The Indonesian government is expecting that Mexican cement firm
Cemex Asia Holdings to withdraw its lawsuit against state-owned
cement maker PT Semen Gresik, Asia Pulse reports.

Cemex Asia had bought a 25.4% stake in Semen Gresik on the
condition that the Indonesian government would sell its
remaining shares in the Company to Cemex. But when the
government failed to do so, Cemex filed a lawsuit against the
government and Semen Gresik in the International Center for
Settlement of Investment Disputes (ICSID) with a claim for
USD400 million (IDR4 trillion) in compensation, after failing to
reach an agreement through arbitration.

However, both parties agreed to seek an out-of-court settlement
on the dispute, according to Minister of State Enterprises
Sugiharto, who also added that since the agreement, relations
between both firms had improved, with proposals to conduct a
study on the possibilty of building a new plant underway.

CONTACT:

PT Semen Gresik (Persero) Terbuka
Jalan Veteran
Gresik 61122
Indonesia
Phone: +62 31 398 1731-2/1745
Fax:   +62 31 398 3209/3972 2264


TELEKOMUNIKASI INDONESIA: Wants to Buy Back Shares from Market
--------------------------------------------------------------
State-owned telecommunications firm PT Telekomunikasi Indonesia
Tbk (Telkom) wants to buy back Idr 2 trillion to IDR3 trillion
in shares from the market, reports Reuters News.

Telkom CEO Arwin Rasyid said that the plan, which has yet to be
approved by the Company's shareholders, reflects the Company's
efforts to increase its domestic stronghold in the market before
investing abroad.

Last Aug. 16, Mr. Rasyid said that Telkom expected a net profit
increase of IDR7.4 trillion due to strong growth in its mobile
phone business.

Telkom believes that there is promise in the local market, and
buying back shares would reduce the number of its outstanding
shares, hence resulting in higher earnings per share for
shareholders.  

CONTACT:

P.T. Telekomunikasi Indonesia (Persero)
Jalan Japati No 1
Bandung 40133
Indonesia
Phone: +62 22 452 1108
Fax:   +62 22 452 1408
Web site: http://www.telkom.co.id/


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

DAIEI INCORPORATED: Store Closures to Hit 55th
----------------------------------------------
Daiei Incorporated is set to shut down 15 money-losing stores in
November 30, bringing the total number of closed outlets under
its restructuring plan to 55, reports the Asahi Shimbun.

The company is also planning to cut its work force from the
roughly 9,600 it employed in February 2005 to about 7,300 by
February 2006.

In addition to natural attrition, the company will have to let
go about 1,500 workers, and the company plans to seek about
1,000 workers willing to participate in an early retirement
program by year-end.

Through August, Daiei's same-store sales fell on a year-on-year
basis for 18 straight months.

CONTACT:

Daiei Incorporated
4-1-1, Minatojima Nakamachi,, Chuo-ku
Kobe 650-0046, Japan
Phone: +81-78-302-5001
Fax: +81-3-3433-9226


DAIEI INCORPORATED: Launches Remodeled Store
--------------------------------------------
Daiei Inc. on Friday opened in Toyonaka, Osaka Prefecture its
first store remodeled under its rehabilitation program led by
the Industrial Revitalization Corporation of Japan, Kyodo News
reports.

The outlet was remodeled to upgrade the food department, whose
interior got a wood-tone finish and brighter lighting to create
a more elegant atmosphere.

The store has expanded prepared food sections with a variety of
local produce to appeal to women in their 30s and older, who
constitute Daiei's main customer base.

Daiei also plans to remodel 30 outlets by the end of February,
including stores in Takikawa, Hokkaido, and in Fujisawa,
Kanagawa Prefecture.


JAPAN AIRLINES: Appoints New Board Member
-----------------------------------------
The Japan Airlines Group has appointed a new board member,
Katsuhiko Nawano, to serve on the boards of JAL International
and JAL Domestic. He will be responsible for JAL's China
business activities for JAL International and will handle
special assignments at the direction of the president, Toshiyuki
Shinmachi in both JAL International and JAL Domestic.

Mr. Nawano, 58, a former senior official at the Ministry of
Land, Infrastructure and Transport (MLIT), joins these JAL Group
boards at managing director level. He retired from the MLIT in
July 2003 as deputy director-general and joined the JAL
Foundation that year as deputy chairman. In 2004 the Foundation
appointed him special advisor.

With this new appointment, the JAL International board of
directors increases from 13 members to 14. The number of
executive officers remains unchanged at 10. The JAL domestic
board increases from 11 to 12 members. There is no change to the
number of executive officers (8).

CONTACT:

Japan Airlines
Telephone: 81-3-5460-3109
Fax: 81-3-5769-6487
E-mail: geoffrey.tudor@jal.com
        stephen.pearlman@jal.com
Web site: www.jal.com/en/corporate/


KOKURA ENTERPRISE: To Start Business Restructuring
--------------------------------------------------
The Ministry of Trade and Industry (METI) has approved the
changes to the business-restructuring plan of Kokura Enterprise
Co. Ltd. on September 29, 2005.

The changes were consequently approved pursuant to Article 7,
Paragraph 1 of the said law on Special Measures for Industrial
Revitalization, and found to fulfill the requirements.

CONTACT:

Kokura Enterprise CO. Ltd.
15-1 Asano 2-Chome
Kokura-Kitano 802-8543, Kita-Kyushu 802-8543
JAPAN  
Phone: +81 93 511 4101
Fax: +81 93 521 3012
Web site: http://www.sun-ip.or.jp/


SANYO ELECTRIC: R&I Places Rating on Monitor
--------------------------------------------
On September 28, Sanyo Electric announced a downward revision on
its consolidated business results for the year ending in March
2006. The net loss is estimated to drop to JPY140 billion from
its previous estimation of JPY92 billion.

The company is currently proceeding with a drastic structural
reform including revision of unprofitable businesses; however,
there has been an intense competition and drop in prices in the
digital appliances markets.

The prospect for recovery is scarce. Its net worth dropped to
JPY288.2 billion (equity ratio 11%) at the end of March 2005,
yet, it is expected to worsen in the following year due to
posting of further significant losses. The business environment
surrounding the electronics appliances business is harsh and
there are also concerns over fiscal 2006 results.

Therefore, R&I have placed the rating on the Rating Monitor with
a view to downgrading. R&I will announce a new rating after the
company's announcement of half-year results ending in September
2005.

ISSUER RATING: (A); Placed on the Rating Monitor with a view to
downgrading

LONG-TERM ISSUE RATING: Issue Date Redemption Issue Amount (mn)
Unsec. Str. Bonds No. 8 May 20, 1997 May 18, 2007 Yen 20,000
Unsec. Str. Bonds No. 9 May 20, 1997 May 20, 2009 Yen 30,000
Unsec. Str. Bonds No. 12 Jun 17, 1998 Jun 17, 2008 Yen 20,000
Unsec. Str. Bonds No. 14 Aug 08, 2000 Aug 08, 2007 Yen 30,000
Unsec. Str. Bonds No. 15 May 22, 2002 May 22, 2007 Yen 30,000
Unsec. Str. Bonds No. 16 May 22, 2002 May 22, 2009 Yen 20,000
Unsec. Str. Bonds No. 17 Jun 17, 2003 Jun 17, 2010 Yen 20,000
Unsec. Str. Bonds No. 18 Jun 17, 2003 Jun 17, 2013 Yen 10,000
Unsec. Str. Bonds No. 19 Aug 26, 2004 Aug 26, 2011 Yen 30,000
Unsec. Str. Bonds No. 20 Aug 26, 2004 Aug 26, 2014 Yen 30,000
R&I RATING: (A); Placed on the Rating Monitor with a view to
downgrading

CONTACT:

Sanyo Electric Co. Ltd.
5-5 Keihan-Hondori, 2-chome
Moriguchi, Osaka 570-8677, Japan
Phone: +81-6-6991-1181
Fax: +81-6-6991-2086


SOFTBANK CORPORATION: Unit Sells Club iT Shares
-----------------------------------------------
Softbank Corporation announces that Club iT Holdings Corporation
(head office: Minato-ku, Tokyo, representative: Makoto
Matsumoto), a wholly owned subsidiary of Softbank Broadmedia
Corporation (our wholly-owned subsidiary, head office: Minato-
ku, Tokyo, representative: Taro Hashimoto), sold its shares held
in Club
iT Corporation.

1. Outline of sale

(1) Shares for sale:  2,000,000 shares held in Club iT
Corporation

(2) Sale price:  Approximately 4.6 billion yen

2. Change in share ownership by SOFTBANK Group due to the
selling

               Number                     Share ownership ratio
           of shareholdings

Before the selling   13,598,400 shares         0.06%
After the selling    11,598,400 shares         68.29%

3. Effect on consolidated financial results

Gain on sale of investment securities would be recognized
approximately JPY4.4 billion on a consolidated basis in the 2nd
quarter for the fiscal year ending March 31, 2006.

This is a company press release.

CONTACT:

Softbank Corporation
24-1, Nihonbashi-Hakozakicho,
Chuo-ku, Tokyo 103-8501, JAPAN
Phone: 81-3-5642-8000
Web site: http://www.softbank.co.jp/english/index.html


TOSHIBA CORPORATION: Sues Hynix Over Patents
--------------------------------------------
Toshiba Corporation has sued South Korea's Hynix Semiconductor
Inc. and its U.S. unit, for allegedly infringing its flash
memory patents, Japan Today reports.

The suit filed with the International Trade Commission, a quasi-
judicial federal agency, calls for an injunction against imports
of infringing products.

CONTACT:

Toshiba Corporation
1-1-1 Shibaura, Minato-ku, Tokyo, Japan
Contact: Naoto Hasegawa, General Manager
Corporate Communication Office
Phone: 81 3 3457 2096


TOWA CORPORATION: R&I Places BB- Rating on Monitor
--------------------------------------------------
Rating and Investment Information, Inc. (R&I), has placed the
BBB- rating of Towa Corporation on the Rating Monitor with a
view to downgrading.

RATIONALE:

On September 28, Towa Corporation announced a downward revision
of the half-year result ending in September 2005 and the
replacement of the C.E.O. The consolidated net loss for the
half-year result is expected to drop to JPY4.7 billion compared
to the previous projection of JPY3.9 billion.

The company has been working on a management reform, however, it
could not secure adequate earnings during 2004 (calendar year)
due to delay in the starting up of the Chinese plant in which it
invested as a manufacturing base.

The company had been striding to improve its operating margin
since 2005 through improvement in profitability and by
outsourcing.

However, the financial composition is deteriorating since the
company has cancelled several projects carried over from the
previous term. Therefore, R&I have placed Towa on the Rating
Monitor with a view to downgrading.

CONTACT:

Towa Corporation
227 Tsubukuhoncamhi
Kurume, Fukuoka
830-0047, Japan
Web Site: www.towagloves.com     


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

SAMYANG FOODS: Nissin Joins Race for 27.66 Stake
------------------------------------------------
Nissin Food Products Co. Ltd. of Japan intends to buy a 27.66
percent stake in Samyang Foods Co. Ltd., Reuters reveals, citing
Korea Economic Daily.

Nissin has submitted a letter of intent for the stake.  Shinhan
Financial Group currently holds the largest stake with a market
value of KRW61.8 billion ($59 million).  

The auction for the stake would take place October 18.  


* Seoul Government to Unload Stake in 6 Restructured Firms
----------------------------------------------------------
The Seoul government mulls of selling six companies bailed out
with public funds, The Korea Herald relates.
  
The six companies partly owned by state agency, Korea Asset
Management Corp. (KAMCO), include Daewoo Engineering and
Construction Co., Daewoo International Co., Daewoo Shipbuilding
and Marine Engineering Co., Daewoo Electronics Co., Daewoo
Precision Industries Co., Ssangyong Engineering and Construction
Co.

KAMCO holds a 44.36 stake in Daewoo Engineering, worth KRW1.513
trillion and in Daewoo Shipbuilding, it holds a 19.1 percent
stake, valued at KRW788.2 billion.

It also has shares valued at KRW620.9 billion in Daewoo
International, KRW305.6 billion worth of stocks in Daewoo
Electronics, KRW103.8 billion worth of stake in Ssangyong
Engineering and KRW56.3 billion worth of shareholding in Daewoo
Precision.

The six companies have a combined market value of KRW3.39
trillion.

The state agency is unloading its stake in the said companies
after taking a full consideration on how the sale would affect
the local industry, a KAMCO official said.

Since the companies are in good financial condition, the agency
expects premiums on top of the normal market price of the
stocks.  Therefore, there is a possibility that KAMCO may
generate a higher sum than the firm's listed stock price.

The Seoul government targets the sale by the end of 2006.


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

ANCOM BERHAD: To Convene AGM October 25
---------------------------------------
Ancom Berhad (Ancom) advised Bursa Malaysia Securities Berhad
that the 36th Annual General Meeting of the Company will be held
at Kristal Ballroom 1, 1st Floor, West Wing, Hilton Petaling
Jaya, No.2 Jalan Barat, 46200 Petaling Jaya, Selangor Darul
Ehsan on October 25, 2005 at 2:30 p.m.

The Notice of Annual General Meeting, which is dated October 3,
2005, is enclosed in the file attached.

To view a full copy of the Notice of AGM, click
http://bankrupt.com/misc/AncomAGMnotice093005.pdf

The Company also advised that subject to the approval of its
members, a final dividend by way of distribution of One (1)
treasury share for every Twenty (20) existing ordinary shares of
MYR1.00 each held, fractions of treasury shares to be
disregarded, in respect of the financial year ended May 31,
2005, will be made by the Company.

The Notice of Book Closure and Entitlement / Notice to Warrant
Holders, which is dated October 3, 2005, is enclosed in the file
attached.

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

This announcement is dated 30 September 2005.

File for Upload

CONTACT:

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


DENKO INDUSTRIAL: Unveils Resolutions Passed at AGM
---------------------------------------------------
The Board of Directors of Denko Industrial Corporation Berhad
disclosed the following to Bursa Malaysia Securities Berhad:

(i) All the resolutions as described in the Notice of AGM dated
September 6, 2005 have been duly passed at the Sixteenth Annual
General Meeting held on September 30, 2005 with the exception of
Resolution No. 2 which was not carried.

CONTACT:

Denko Industrial Corp. Berhad
Lot 4.21, 4th Floor, Plaza Prima
4 1/2 Miles, Jalan Klang Lama
58200 Kuala Lumpur
Telephone: 03-7983 9099
Fax: 03-7981 7629


FABER GROUP: Denies Merger Plans with Pharmaniaga
-------------------------------------------------
Faber Group Berhad refers to Bursa Malaysia Securities Berhad's
query dated September 29, 2005 in particular to the following
sentence in the article entitled "UEM stocks back in the
spotlight" appearing in The Star, Thursday, September 29, 2005:

"...Faber may be merged with Pharmaniaga Bhd."

The company have made due enquiries with all relevant persons
and informed the bourse that they do not have any plan for
merger with Pharmaniaga Bhd.

To view a full copy of the bourse's query letter content, click
http://bankrupt.com/misc/FaberGroupBerhad100205.pdf

This announcement is dated 30 September 2005.

CONTACT:

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


HAP SENG: Buys Back 23,900 Shares
---------------------------------
Hap Seng Consolidated Berhad issued to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:  
   
Date of buy back: September 30, 2005

Description of shares purchased: Ordinary shares of MYR1.00 each

Total number of shares purchased (units): 23,900

Minimum price paid for each share purchased (MYR): 2.170

Maximum price paid for each share purchased (MYR): 2.190

Total consideration paid (MYR): 52,468.25

Number of shares purchased retained in treasury (units): 23,900

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

Cumulative net outstanding treasury shares as at to-date
(units): 33,410,200

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

CONTACT:

Hap Seng Consolidated Berhad
No. 1A, Jalan 205
46050 Petaling Jaya
Selangor
Telephone: 03-7783 9888
Fax: 03-7781 6305
   

KIG GLASS: Plans to Undertake Restructuring Exercise
----------------------------------------------------
KIG Glass Industrial Berhad (KIG) issued to Bursa Malaysia
Securities Berhad an update announcement pursuant to Practice
Note 1/2001 (PN 1) of the Bursa Malaysia Securities Berhad's
Listing Requirement (LR)

The Board of Directors made an announcement in relation to
defaults of all principals and interests set out in Table 1 as
at August 31, 2005.

(1) Reasons for default in payments.

KIG and its subsidiaries are unable to service the loan
repayments to the banks/financial institutions, as the cash flow
of KIG from operations was only able to meet operational needs.
Furthermore, the Company has ceased its operations as announced
on May 25, 2005.

(2) Measures taken to address the default in payments:

KIG is still negotiating with the banks/financial institutions
to address and resolve this issue. The Company and the Group as
a whole is in the process of exploring the possibility of
undertaking a restructuring exercise, which would address all
the defaults, faced by the Company.

(3) The financial and legal implications in respect of the
default in payments including the extent of the listed issuer's
liability in respect of the obligations incurred under the
agreements for the indebtedness:

Details of the financial implications on the default are given
in Table 1.

Click to view a full copy of Table 1
http://bankrupt.com/misc/KIGGlass100105.pdf

KIG was served with a Statutory Notice Pursuant to Section 218
of the Companies Act, 1965 (Act) by United Overseas Bank
(Malaysia) Berhad.

KIG has been served with an Originating Summons in the High
Court of Malaya at Johor Bahru in the matter of Section 4 of the
Reciprocal Enforcement of Judgments Act 1958 and in the matter
of Order 67 of the Rules of the High Court 1980 and in the
matter of judgment dated July 20, 2005 granted under Suit No.
217 of 2005/J by the High Court in the Republic of by United
Overseas Bank Ltd (Shenzen Branch) (Judgment Creditor).

The hearing in Chambers will be on November 16, 2005. The
Company's lawyer is addressing the matters.

(4) In the event of default is in respect of secured loan stocks
or bonds, the lines of action available to the guarantors or
security holders against the listed issuer:

Not applicable.

(5) In the event the default is in respect of payment under a
debenture, to specify whether the default will empower the
debenture holder to appoint a receiver or manager:

As earlier announcements, some of the defaults will empower the
debenture holders to appoint a receiver and/or manager under the
debenture.

(6) Whether the default in payment constitute an event of
default under a different agreement for indebtedness (cross
default and details thereof, where applicable):

All indebtedness as stipulated in Table 1 as such does not have
any cross default.

(7) Any other information:

None.

CONTACT:

KIG Glass Industrial Berhad
PLO 340 Jalan Perak 4
81707 Pasir Gudang, Johor Darul Ta'zim 80400
Malaysia
Telephone: +60 7 251 5282 / +60 7 251 5278


KILANG PAPAN: Net Loss Down to MYR4,625,000
-------------------------------------------
Kilang Papan Seribu Daya Berhad issued to Bursa Malaysia
Securities Berhad a copy of its unaudited second quarter report
for the financial period ended July 31, 2005.  

Summary of Key Financial Information
July 31, 2005
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  
    06/07/2005    06/07/2004      06/07/2005     06/07/2004
    MYR'000       MYR'000     MYR'000        MYR'000    

(1) Revenue  

    243           803             446            1,850

(2) Profit/(loss) before tax  

    -4,625        -5,376          -8,994         -9,736

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

    -4,625        -5,376          -8,994         -9,736

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

    -4,625        -5,376          -8,994         -9,736

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

    -23.00        -27.00          -45.00         -49.00

(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)  

     -10.2700                   -9.8200

CONTACT:

Kilang Papan Seribu Daya Berhad
Lot 1, Harmoni Industrial Estate Inanam
88100 Kota Kinabalu, Sabah
Telephone: 088-423385
Fax: 088-423287


K.P. KENINGAU: Default Status Still the Same
--------------------------------------------
K.P. Keningau Berhad advised Bursa Malaysia Securities Berhad
that there has been no new development since the date of the
previous announcement made pursuant to PN4/2001 of the Listing
Requirements.

The company is still in the midst of pursuing its options
working towards regularizing of its distressed financial
condition. Once a new restructuring plan is confirmed, the
appropriate announcement will be made accordingly.

This announcement is dated 30 September 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


KUMPULAN EMAS: Net Loss Slightly Increases
------------------------------------------
Kumpulan Emas Berhad furnished Bursa Malaysia Securities Berhad
a copy of its unaudited fourth quarter financial report for the
financial period ended July 31, 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  
    31/07/2005    31/07/2004      31/07/2005     31/07/2004
    MYR'000       MYR'000     MYR'000        MYR'000   

(1) Revenue  

    20,336        20,039          58,167        47,867

(2) Profit/(loss) before tax  

    -169,189      -173,032        -178,610     -174,503

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

    -169,629      -165,523       -180,900     -168,725

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

    -169,629      -165,523       -180,900     -168,725

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

    -26.09           -27.88         -28.65      -33.09

(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)  

        0.5171                     0.7496

To view a full copy of the financial statement, click
http://bankrupt.com/misc/KumpulanEmas100105.xls

CONTACT:

Kumpulan Emas Berhad
17th Floor, Menara Summit
Persiaran Kewajipan USJ 1
47600 UEP Subang Jaya
Selangor Darul Ehsan
Malaysia
Phone: 603-80248899
Fax: 603-80248998
Email: (investor relations) maria@keb.com.my
       (business opportunities) nfwong@keb.com.my
Web site: http://www.keb.com.my


LITYAN HOLDINGS: Awaits Outcome of Proposed Restructuring Scheme
----------------------------------------------------------------
Further to the announcement on August 30, 2005, Lityan Holdings
Berhad (LHB) issued to Bursa Malaysia Securities Berhad an
update on the details of the various credit facilities in
default by the Company and its subsidiaries to the financial
institutions as at September 30, 2005, as detailed in Table A
below:

To view a full copy of Table A, click
http://bankrupt.com/misc/LityanHoldings100205.doc

LHB is in the midst of submitting its Proposed Restructuring
Scheme to the authorities for approval, looking into other
business opportunities within its core activities and also
actively taking steps to dispose the Group's non-core
investments and non-operating assets to address its current
financial position and to generate cashflow for settlement of
defaults and redemption of loans.

CONTACT:

Lityan Holdings Berhad
Bangunan Lityan,
Peremba Square Saujana Resort,
Section U2, 40150 Shah Alam
Selangor Darul Ehsan, Malaysia
Phone: + 603-7622-1188
Fax: +603-7666-6870
E-mail: enquiry@lityan.com.my


MAGNUM CORPORATION: Issues New Shares for Listing, Quotation
------------------------------------------------------------
Magnum Corporation Berhad advised that its additional 12,000 new
ordinary shares of MYR0.50 each issued pursuant the Employees'
Share Option Scheme will be granted listing and quotation with
effect from 9:00 a.m., Tuesday, October 4, 2005.

CONTACT:

Magnum Corporation Berhad
No 8 Jalan Munshi Abdullah
50100 Kuala Lumpur, 50100
Malaysia
Telephone: +60 3 2698 8033
Fax: +60 3 2698 9885


MYCOM BERHAD: Unveils Timeline of Scheme Implementation  
-------------------------------------------------------
Reference is made to the announcement of Mycom Berhad made to
Bursa Malaysia Securities Berhad dated August 30, 2005 and the
subsequent announcement dated September 16, 2005 on the
Securities Commission's approval for an extension of time for
three (3) months up to December 31, 2005 for the implementation
of the Restructuring Scheme (Extension of Time).

In view of the Extension of Time, the Board of Directors of
Mycom Berhad (Mycom)(Board) set out the major outstanding events
and the proposed new timeline to complete the implementation of
the Restructuring Scheme by December 31, 2005.

To view a full copy of the Timeline, click
http://bankrupt.com/misc/MycomBerhad100205.doc

Barring any unforeseen circumstances, the Board is of the
opinion that the implementation of the Restructuring Scheme by
December 31, 2005 is achievable subject to the condition that
the major outstanding events as outlined in items (i) and (ii)
in the Timeline are carried out by October 2005.

This announcement is dated 30 September 2005.

CONTACT:

Mycom Berhad
No 8 Jalan Raja Chulan
Kuala Lumpur, 50200
Malaysia
Telephone: +60 3 2072 3993
Fax:  +60 3 2072 3996


PAN PACIFIC: Receives Sanction from Court
-----------------------------------------
Pan Pacific Asia Berhad (PPAB) issued to Bursa Malaysia
Securities Berhad an update to the following proposals:

- Proposed Acquisition;

- Proposed Exemption;

- Proposed Scheme of Arrangement with Creditors;

- Proposed Scheme of Arrangement with Shareholders;

- Proposed Restricted Issue;

- Proposed Listing Transfer; and

- Proposed Disposal/Liquidation
(Collectively, the Proposed Restructuring Scheme)

The company refers to the announcement dated August 30, 2005
wherein it was announced that the shareholders and creditors of
PPAB have approved the Proposed Scheme of Arrangement with
Shareholders and Proposed Scheme of Arrangement with Creditors
respectively at the court convened meetings.

On behalf of PPAB, Avenue Securities Sdn Bhd the company advised
that it has been informed by its solicitors that the High Court
of Malaya had on September 29, 2005 granted an order to
sanction:

(a) The Proposed Scheme of Arrangement with Shareholders and
Proposed Scheme of Arrangement with Creditors under Section
176(3) of the Companies Act 1965 (Act); and

(b) The reduction in the issued and paid-up share capital of
PPAB which forms part of the Proposed Scheme of Arrangement with
Shareholders under Section 64 of the Act.

This announcement is dated 30 September 2005.

CONTACT:

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


PANTAI HOLDINGS: Court to List, Quote New Shares
------------------------------------------------
Pantai Holdings Berhad advised that its additional additional
557,000 new ordinary shares of MYR1.00 each arising from the
conversion of MYR583,400 Nominal Value of Irredeemable
Convertible Unsecured Loan Stocks 2002/2007 into 557,000 New
Ordinary Shares will be granted listing and quotation with
effect from 9:00 a.m., Tuesday, October 4, 2005.

CONTACT:

Pantai Holdings Berhad
8 Jalan Damansara Endah
Damansara Heights Kuala Lumpur, Malaysia 50490
Malaysia
Telephone: +60 3 2713 2282
Fax: +60 3 2094 4528


PILECON ENGINEERING: Default Status Remains Unchanged
-----------------------------------------------------
Further to the announcement made by Pilecon Engineering Berhad
on August 30, 2005 with regards to the status of default in
payment pursuant to Practice Note 1/2001, the Company informed
Bursa Malaysia Securities Berhad that there have not been any
changes to the status of default since then.

CONTACT:

Pilecon Engineering Berhad
No 2 Jalan U1/26 Seksyen U1
40150 Shah Alam, Selangor Darul Ehsan 40150
Malaysia
Telephone: +60 3 7804 1888 / +60 3 7804 3888


POHMAY HOLDINGS: Negotiates with Lenders to Restructure Loans
-------------------------------------------------------------
In relation to the status of default in payment pursuant to
PN1/2001, the Board of Directors of Pohmay Holdings Bhd informed
Bursa Malaysia Securities Berhad that there is no change to the
status of default in payments of interest and principal sums to
the Lenders since the last announcement on September 1, 2005.

In compliance with Paragraph 3.2 of PN1/2001, the Company
advised that the Company is in the process of negotiation with
its lenders to restructure the Group's loans and is actively
working on various schemes to alleviate the Group from its
current financial predicament.

The Board of Directors of the Company will make available to
Bursa Malaysia Securities Berhad its plan to regularize once
completed.

This announcement is dated 30 September 2005.

CONTACT:

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


POHMAY HOLDINGS: Board Processes Outline of Reorganization Plan
---------------------------------------------------------------
In compliance with Paragraph 1.3(b) of PN17/2005, Pohmay
Holdings Berhad informed Bursa Malaysia Securities Berhad the
following development since the last announcement on September
1, 2005 relating to the Company's plan to regularize its
condition.

The Board of Directors of the Company is still in the process of
outlining the Regularization Plan and will be made available to
Bursa Malaysia Securities Berhad once completed.

This announcement is dated 30 September 2005.


PUNCAK NIAGA: Court Moves Summary Judgment Hearing to October 20
----------------------------------------------------------------
Reference is made to Puncak Niaga Holdings Berhad's (Puncak)
earlier announcement issued to Bursa Malaysia Securities Berhad
dated September 6, 2005 in relation to the Kuala Lumpur High
Court Civil Suit No.: S2-22-725-2005 Premier Ayer Sdn Bhd versus
Perbadanan Urus Air Selangor Berhad.

The company informed the Exchange that the plaintiff's
application for Summary Judgment which was fixed for hearing on
September 30, 2005 has been postponed by the Court to October
20, 2005.

This announcement is dated 30 September 2005.

CONTACT:

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


TENCO BERHAD: Status of Payment Default Still Unchanged  
-------------------------------------------------------
The Board of Directors of Tenco Berhad informed Bursa Malaysia
Securities Berhad that there is no material development to the
status of default payment to Lenders as announced previously on
August 25, 2005.

CONTACT:

Tenco Berhad
No. 5, Jalan Pelabur 23/1
40000 Shah Alam, Selangor
Malaysia
Phone: (60) 3 541 0612
Fax: (60) 3 541 0132


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

COLLEGE ASSURANCE: Mulls Criminal Raps vs SEC Execs, Politicians
----------------------------------------------------------------
College Assurance Plans Philippines Inc. (CAP) is suing top
officials of the Securities and Exchange Commission (SEC) and
some politicians, The Philippine Star has learned.

The ailing pre-need firm said it will file criminal charges with
the Office of the Ombudsman next week against the SEC officials
and politicians for allegedly conspired to tarnish CAP's
reputation eventually leading to its collapse.

CAP legal counsel and former solicitor General Frank Chavez
confirmed the firm's plan but refused to identify the
individuals involved in the charges. But he stressed he has
sufficient evidence to "pin these people down". The SEC
officials, he said, may include directors and associate
commissioners.

On Thursday last week, CAP filed before the Ombudsman Office a
criminal complaint against SEC general accountant Roberto
Manabat, who was appointed chairman of CAP's oversight board,
for violation of Sec. 3 of the Anti-Graft and Corrupt Practices
Act.

In its complaint, CAP alleged that Manabat's decision to grant a
Php100,000 monthly compensation to CAP comptroller Mario Aguas
unduly aggravated the company's financial standing. It said the
compensation was grossly excessive and unreasonable, as compared
to the monthly salaries of CAP officers.

The SEC earlier filed before the Department of Justice a
criminal complaint against the directors and officers of CAP for
unauthorized sale of pre-need plans in violation of the
Securities Regulation Code (SRC).

It also sought the issuance of a hold-departure order against
the respondents to prevent them from fleeing the country and
evading criminal liabilities.

In its complaint, the SEC said CAP sold pre-need educational
plans despite the fact that it knew it had no more registered
plans to sell in violation of Sec. 16 of the SRC. CAP had used
up all its registered plans as early as June 2004.

CONTACT:

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


COLLEGE ASSURANCE: SEC Exec Refutes Graft Charges
-------------------------------------------------
A senior executive at Securities and Exchange Commission (SEC)
refuted graft charges hurled against him by College Assurance
Plans Philippines inc. (CAP), according to BusinessWorld.

Roberto Manabat was shocked that CAP filed such issues against
him with the Office of the Ombudsman. Mr. Manabat said he has
not yet received a copy of the complaint.

The case primarily involves the monthly salary given to a
comptroller recommended by the SEC. CAP had said the
comptroller's monthly pay of P100,000 was "grossly excessive,
unreasonable and exorbitant."

He said he was surprised that the matter is being brought two
years after CAP started paying the salary in question.

Mr. Manabat said the CAP board was the one that appointed the
comptroller through a formal resolution that specified his
salary.

The Sobrepena-led pre-need firm on Thursday filed a criminal
charge against Mr. Manabat for alleged violation of the Anti-
Graft and Corrupt Practices Act. The filing came two weeks after
the regulator filed criminal cases against CAP officials,
holding them responsible for the inability of the company to
service its obligations to almost 700,000 planholders. The SEC
had also sought the issuance of a hold-departure order against
the officials.


FASTECH SYNERGY: Updates on Financial Status, Debt Restructuring
----------------------------------------------------------------
The Board of Directors of the Fastech Synergy Ltd (Group)  
updated its shareholders and the general public on its financial
position and its ongoing discussion with its creditor banks.

As of 30 September 2005, the Group remains in a net current
liability position, and has approximately $6.7 million bank
borrowings to be repaid within the year. As of this date, the
Group is still in continuing discussions with its creditor banks
for the restructuring of its loans, and as such, believes that
it will be able to meet its debt payments.

The Group will continue to make monthly updates on this matter
and will make an immediate announcement if any material
development occurs between the monthly updates.

CONTACT:

FASTECH SYNERGY PHILIPPINES INC
Fastech Manufacturing Complex
West Road cor Ampere Street
Light Industry and Science Park I,
Cabuyao, Laguna, Philippines 4025
Phone: 6349 543-0351/54
Telefax: 632 843-4155
Web site: http://www.fastechsynergy.com


NATIONAL POWER: YNN Says It Can Fulfill Part of Masinloc Deal
-------------------------------------------------------------
YNN Pacific Consortium gave assurance it will fulfill its share
in the purchase deal for National Power Corporation's (Napocor)
Masinloc power facility, BusinessWorld reports.

YNN, the winning bidder for the 600-megawatt coal-fired power
plant, said it was just waiting for the government's go signal
to take over the operations of the Masinloc plant.

The group, comprised of the Great Pacific Financial Group of
Australia and Duracom Mobile Power Corp., assured it will
fulfill its part in the US$561.7-million deal amid reports it
will not be able to do so because its Australian partner Great
Pacific has left the venture.

YNN's representative Gary Makasiar declared the group remains
stable and complete and is in fact "entertaining the idea of
larger participation".

Laemakers and industry analysts have criticized YNN's capacity
to run Masinloc, saying the group is financially unstable. The
consortium, however, claimed that it has already posted a US$9-
million security - an irrevocable letter of credit that the
government could forfeit if it fails to post an US$11-million
performance bond or pay the "upfront fee" of about $223 million
upon the signing of the sale contract.

Under the deal with YNN, the government has to secure the
consent of Napocor's creditors on the transfer of the plant so
that it can forward its upfront fee. The power generation firm
owns the Masinloc plant, which it built using borrowed funds
from multilateral agencies.

The government, through the Power Sector Assets and Liabilities
Management Corp., has yet to get the consent of the Japan Bank
for International Cooperation. It has also secured the approval
of the World Bank and the Asian Development Bank.

The government has 270 days from the bid award and effectively
of the sale agreement to obtain the consent. YNN won the bidding
for the Masinloc plant on Dec. 3, 2004, and was formally awarded
the sale contract on March 2005.

CONTACT:

National Power Corporation
Quezon Ave., East Triangle, Diliman
Quezon City, Metro Manila, Philippines
Phone: +63-2921-3541
Fax:   +63-2921-2468
Web site: http://www.napocor.gov.ph/


NATIONAL POWER: Inks EUR17.5-Mln Project with French Group
----------------------------------------------------------
The National Power Corporation (Napocor) signed last September
21 a EUR17.5-million contract with the French consortium of
Paris-Manila Technology Corporation (PAMATEC) and ETDE of
Bouygues Construction for the electrification of 128 barangays
in Masbate under the Philippine Rural Electrification Service
(PRES) Project.

The PRES Project is in line with the government's twin goals of
attaining 100-percent barangay electrification by the year 2008
and 90-percent household co9nnection by 2017. Funding for the
project was made possible through the EUR22.5-million Frech
Financial Protocol signed in November 2004 between France and
the Philippine government.

The electrification project is considered to be the single-
biggest investment in Masbate. Based on the prevailing exchange
rate of EUR1:Php68.20, financing for the Masbate project could
amount to as much as Php1.19 billion.

The project is expected to benefit 18,000 households in 128
barangays in Masbate through adequate and reliable electricity
supply. The electrification of the said barangays is expected to
be completed in about two years' time.

Once operational, the PRES Project will provide a big boost to
Masbate, which has the lowest electrification level in the
country. Government data indicate that as of July 2005, only
56.18 percent of the province has been energized.

At present, Masbate's electricity supply is provided by
Napocor's Small Power Utilities Group, which operates three
power plants in the province: the 2.5-MW Masbate Diesel Power
Plant I; the 14.4-MW Power Barge 105; and the 1.4-MW Ticao
Diesel Power Plant. Peak demand in the province has been
estimated at roughly 10 MW.

The contract was signed by Napocor President Cyril C. del
Callar, ETDE Business Development manager Patrick Canton, and
PAMATEC President Hubert D'Aboville. The ceremonial contract-
signing was witnessed by Energy Secretary Raphael P.M. Lotilla
and other top officials of NPC and PAMATEC.


PLATINUM PLANS: Watchdog Contests Fund Changes
----------------------------------------------
The Securities and Exchange Commission (SEC) questioned the
legality of adjustments made on Platinum Plan Inc.'s trust fund,
Manila Times says.

Aside from contesting the fund changes, the corporate watchdog
also claimed resorted to fraudulent buy-back agreements to hike
the value of its assets.

In its supplemental position presented to the Makati Regional
Trial Court on September 29, the SEC said it is firm on its bid
to request the dismissal of Platinum Plan's petition for
rehabilitation for lack of merit.

With the adjustments, the pre-need firm's total equity posted a
deficit of Php209.88 million as opposed to Platinum's
computation of Php861.95 million. Similarly, its total assets
were calculated at Php2.95 billion, which is significantly lower
than the firm's figures of Php3.98 billion.

Meanwhile, Platinum's other assets including cash, other
investment contracts, receivables, property and equipment, among
others, is valued at Php2.29 billion instead of Php2.77 billion.

The code's provision stated that the commission had the
authority to "make, amend and rescind" accounting rules and
regulations within the bounds of law.

This included the commission's authority to prescribe even the
methods to be followed in the preparation of accounts,
appraisal, or valuation of assets and liabilities.

CONTACT:

Platinum Plans Philippines Inc.
10/F The World Center
330 Sen. Gil Puyat Avenue
Makati City
E-mail: els@platinumplans.com


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


CITIRAYA INDUSTRIES: May Have to Pay SGD500 Million in Claims
-------------------------------------------------------------
Troubled recycler Citiraya Industries Limited may have to pay
SGD500 million mae either by legal proccedings or letters of
demand from creditors, Dow Jones reports.

Earleir, the Singapore Stock Exchange asked the Company to
clarify its financial records so as to indicate its current
(financial) position. The Company's biggest claim comes from
Advanced Micro Devices Singapore and Advanced Micro Devices Inc.
(AMD) - over SGD423.44 million in damages.

Citiraya also owes SGD30.2 million to DBS Bank, SGD10.33 to UOB
Limited, and SGD3.4 million to SMSingapore. Some claims,
however, have yet to be admitted.

In the Company's recent financial update, the Company's net
assets amount to SGD110.8 million in cash, property plants,
equipment and receivables. The Company also included its
projected monthly expenses, assuming that judicial management
would allow it to continue operations. It revealed how much it
had paid its financial and legal advisers to date.

The Company hopes to avoid bankruptcy with an agreed SGD20
million investment from investors Heshe Holdings Limited and
tycoon Oei Hong Leong. It has been given until Oct. 14, 2005 to
settle claim from creditor UOB Limited, and until early November
to come up with a repayment plan for its other creditors.

Citiraya Industries has been the subject of a recent bribery
scandal that has led to the arrest and charge of several top
Company officials, after an investigation conducted by the
Commercial Affairs Department and independent auditors.

CONTACT:

Citiraya Industries Limited
65 Tech Park Crescent
Singapore 637787
Phone: 65 62644338
Fax:   65 62666731
Web site: http://www.citiraya.com


CITIRAYA INDUSTRIES: Provides Financial Status Update
-----------------------------------------------------
Citiraya Industries issues an update on its financial position,
after filing a judicial management order on Sept. 2, 2005. The
Company's financial records/affairs are still being investigated
by the Commercial Affairs Department (CAD) and Corruption
Prevention Investigation Bureau (CPIB), aside from its own
appointed independent financial advisors.

The Company has now released the information in support of its
petition to seek judicial management, in order to avoid
bankruptcy.

To view the Company's update, click on:

http://bankrupt.com/misc/tcrap_citirayaindustries100305.pdf


ELITE MANUFACTURING: Set to Distribute Dividend
-----------------------------------------------
Elite Manufacturing Company Pte Limited, formerly of 3015 Ubi
Road 1, #04-214 Singapore 408704, posted a notice of intended
dividend at the Government Gazette, Electronic Edition with the
following details:

Name of Company: Elite Manufacturing Company Pte Limited
Court: Supreme Court, Singapore
Number of Matter: Companies Winding Up No. 160 of 2000
Last day for receiving proofs: Oct. 14, 2005
Name  & address of Liquidators: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Moey Weng Foo
Assistant Official Receiver


ETAC PTE: Court Issues Winding Up Order
---------------------------------------
In the matter of Etac (S) Pte Limited, the Singapore High Court
issued a winding up order against the Company on Sept. 16, 2005,
with the following details:

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

Dated this 19th day of September 2005

Messrs. Toh Tan & Partners
Solicitors for the Petitioner

Note:

(a) All Company creditors 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.


FIRSTLINK INVESTMENTS: New Management Focuses on Salt Business
--------------------------------------------------------------
Firstlink Investment announces that since new management took
over the Company in May this year, the Company's various
businesses were reviewed with the aim of refocusing its
financial resources and expertise in its high-growth businesses.

The Company's new management believes that its salt division
will continue to improve revenues, and it is well -positioned to
ride the engine of growth in the salt business with its
strategic stakes in 2 salt lakes Qinghai, China.

For more details on the Company's salt division, go to:

http://bankrupt.com/misc/tcrap_firstlinkinvestments100305.pdf

CONTACT:

Firstlink Investments Corporation Limited
6 Battery Road
Singapore 049909
Phone: 65 6448 6211
Fax:   65 6445 2506


HAI XIANG: Creditors Meet to Review Liquidation Process
-------------------------------------------------------
Notice is hereby given that the adjourned first meeting of the
creditors of Hai Xiang Investment International Pte Limited will
be held on Oct. 11, 2005, 2:30 p.m. at 10 Ubi Crescent, #02-07
Ubi Techpark (Lobby A), Singapore 408564 for the following
purposes:

AGENDA

1. To receive the liquidator's report on the progress of the
Company liquidation;

2. Update on the status of the liquidation;

3. Any other matters.

To entitle a creditor to vote thereat, his proof must be lodged
with the Liquidator not later than 5:00 p.m. on Oct. 7, 2005.
Proxies to be used at the meeting must also be lodged with the
Liquidator not later than 5:00 p.m. of Oct. 7, 2005.

Dated this 30th day of September 2005.

Ong Wei Leng
Liquidator
10 Ubi Crescent
#03-46 Ubi Techpark (Lobby C)
Singapore 408564
Phone: 65 6745 5433
Fax:   65 6746 0688


WEE POH: Bourse Approves Planned Shares Listing
-----------------------------------------------
Wee Poh Holdings Limited announces that on Sept. 30, 2005, the
Singapore Exchange Securities Trading Limited (SGX-ST) gave its
in-principle approval for the Acquisition and the Company's
application for the listing and quotation of the Consideration
Shares subject to, inter alia, the following conditions:

(a) Shareholders' approval at the extraordinary general meeting
to be convened;

(b) Compliance with the shareholdings spread and distribution
requirements under Rule 210(1) of the Listing Manual;

(c) Submission of an undertaking by the Company that its Audit
Committee will

   (i) commission the external auditor or a suitable accounting
firm to conduct a full review of the Enlarged Group's internal
controls, (ii) ensure that all internal control weaknesses are
satisfactorily and properly rectified and (iii) update the SGX-
ST on any findings of the external auditor or accounting firm
and any follow-up action taken by the Audit Committee, for a
period of two years after Completion of the Acquisition. The
Company is required to undertake that subsequent to the 2 years
period, the Audit Committee will regularly review if there is a
need to undertake another review of the internal controls of the
Enlarged Group; and

(d) Submission of an undertaking by the Company that it will (i)
seek the Company's board approval for entering into any foreign
exchange hedging transactions and (ii) put in place adequate
procedures which must be reviewed and approved by the Audit
Committee.

SGX-ST's in-principle approval is not an indication of the
merits of the Acquisition.

The Company will distribute a circular to shareholders and make
further announcements in due course.

By Order of the Board
Oct. 1, 2005

CONTACT:

Wee Poh Holdings Limited
213 Upper Thomson Road
Singapore 574348
Phone: 65 6452 1210
Fax:   65 6453 6310
Web site: http://www.weepoh.com.sg


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

DAIDOMON GROUP: Shareholders Cancel Annual Ordinary Meeting
-----------------------------------------------------------
Daidomon Group Public Co. Ltd. informed the Stock Exchange of
Thailand (SET) that on September 30, 2005, the Central
Bankruptcy Court issued an order for the business rehabilitation
of the company.  

The Court appointed the Company as the planner responsible of
preparing a business rehabilitation plan (the Planer).

Therefore, the power and duties in managing the business and
assets of the Company and all legal rights of the Company's
shareholders, except for the right to receive dividends, shall
be vested in the Planer.

In relation to this, the Company therefore cancels the annual
ordinary meeting of shareholder for the year 2005 which will be
held on October 14, 2005 in order that the Company shall carry
out its duties in its capacity as the Planer.

Please be informed accordingly.

With kind regards,
Pudhimate Lterdwiriyasate
Executive Director

CONTACT:

Daidomon Group Public Company Limited   
144 Soi Thong-Lo, Sukhumvit 55,
North Klongton, Wattana Bangkok    
Telephone: 0-2381-5529-31,0-2381-6876-9   
Fax: 0-2381-1931   
Web site: http://www.daidomon.co.th


PAE THAILAND: Unveils Board of Executive Committee
--------------------------------------------------
PAE (Thailand) Public Co. Ltd. advised the Stock Exchange of
Thailand (SET) on the highlights of the Board of Directors
meeting held on September 29, 2005 at 2:00 p.m.

(1) The Meeting resolved to appoint Board of Executive Committee
as follows:

(i) Mr. Somchai Sakulsurarat: Chairman, Board of Executive
Director.

(ii) Mrs. Chintana Kaweewong: Executive Director

(iii) Mr. Sumon Surathin: Executive Director

(iv) Mr. Kobsak Chinawongwatana: Executive Director

(2) The Meeting resolved to hire KPMG to study due diligence in
the account of Financial and legal matters.

The company will report the result to the SET accordingly.  

(3) The Meeting resolved to mortgage land and building at Soi
Ramkhamhaeng 125 (Reungtana) Sukhaphibal 3 Road, Huamark
subdistrict, Bangkapi district Bangkok area 3 Ngan 32 Sq.Wah.
title deep No. 82397 for a leverage SCIB s credit line.

Sincerely Yours,

Soradej Choothesa
Director of Finance & Accounting
PAE (Thailand) Public Company

CONTACT:

PAE (Thailand) Pcl   
69 Sinakharin Road, Suan Luang, Bangkok    
Telephone: 0-2322-0222   
Fax: 0-2322-2970-1   
Web site: http://www.pae.co.th


TPI POLENE: Court Dismisses Creditors' Objection
------------------------------------------------
As TPI Polene Public Company Limited has conducted the voluntary
Debt Repurchase Program (DRP) process participated by the scheme
creditors in compliance with the Business Reorganization Plan of
the Company.

TPI Polene advised that it has utilized the proceeds from the
equity raising to repay the DRP debts to the creditors
participating in the DRP by filing the Motion and depositing the
cashier cheques and/or drafts with the Central Bankruptcy Court
on February 24, 2004, which most of the DRP participating
creditors have already collected the cashier cheques and/or
drafts under the Court's proceedings.  

However, 11 DRP-participating creditors have filed objections
against the Company's Motion to pay the DRP debts under the
Court proceedings.
          
The Company notified the SET that on September 30, 2005, the
Court issued an order dismissing the objections of the 11
objecting creditors against the Company's Motion to pay the DRP
debts.

According to the Court's order, the 11 objecting creditors are
not entitled to terminate the DRP contracts with the Company.  

Therefore, the debt settlement of the Company under the Court
proceedings is legally biding and thereby resulting in the
Company being able to make repayment of the balance of the DRP
debts to the 11 objecting creditors.  

In effect, the Company receives the discount of the principal
debts of approximately THB1,200 million and waiver of the
accrued interest of approximately THB1,500 million, making the
total amount of the discount of approximately THB2,700 million.
          
Please therefore kindly be informed.
        
Very truly yours,
Mrs. Orapin Leophairatana
Senior Executive Vice President

CONTACT:

TPI Polene Public Company Limited   
26/56 New Jun Road,
Thungmahamek, Sathon Bangkok    
Telephone: 0-2678-5100, 0-2678-5000   
Fax: 0-2678-5001-5   
Web site: http://www.tpipolene.com
          


BOND PRICING: For the Week 3 October to 7 October 2005
------------------------------------------------------

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


AUSTRALIA
---------
Advantage Group Ltd                  10.000%     4/15/06     1
Ainsworth Game                        8.000%    12/31/09     1
Amcom Telecommunications Ltd         10.000%    10/28/07     2
APN News & Media Ltd                  7.250%    10/31/08     5
A&R Whitcoulls Group                  9.500%    12/15/10     8
Arrow Energy NL                      10.000%     3/31/08     1
Babcock & Brown Pty Ltd               8.500%    12/31/49     8
Becton Property Group                 9.500%     6/30/10     1
BIL Finance Ltd                       8.000%    10/15/07     8
BIL Finance Ltd                       8.750%    10/15/05     9
BIL Finance Ltd                       9.250%    10/15/06     9
Capital Properties NZ Ltd             8.500%     4/15/07     8
Capital Properties NZ Ltd             8.500%     4/15/09     8
Capital Properties Nz Ltd             8.500%     4/15/10     8
CBH Resources                         9.500%    12/16/09     1
Chrome Corporation Ltd               10.000%     2/28/08     1
Djerriwarrh Investments Ltd           6.500%     9/30/09     4
Evans & Tate Ltd                      8.250%    10/29/07     1
Fletcher Building Ltd                 7.550%     3/15/11     8
Fletcher Building Ltd                 7.800%     3/15/09     8
Fletcher Building Ltd                 7.900%    10/31/06     8
Fletcher Building Ltd                 8.300%    10/31/06     8
Fletcher Building Ltd                 8.600%     3/15/08     7
Fletcher Building Ltd                 8.750%     3/15/06     8
Fletcher Building Ltd                 8.850%     3/15/10     8
Fernz Corp Ltd                        8.560%    10/15/06     8
Futuris Corporation Ltd               7.000%    12/31/07     2
GPS Online Ltd                       10.000%     6/30/06     1
Gympie Gold Ltd                       8.500%     9/30/07     1
Hy-Fi Securities Ltd                  7.000%     8/15/08     7
Hy-Fi Securities Ltd                  8.750%     8/15/08    10
Hudson Timber Products Ltd            7.000%    12/31/10     1
Hutchison Telecoms Australia          5.500%     7/12/07     1
Infrastructure & Utilities NZ Ltd     8.500%     9/15/13     8
Infrastructure & Utilities NZ Ltd     8.500%    11/15/15     8
Investa Property Group Ltd            6.000%     5/28/08     6
Kagara Zinc Ltd                       9.750%     5/06/07     2
Nuplex Industries Ltd                 9.300%     9/15/07     8
Pacific Print Group Ltd              10.250%    10/15/09    10
Primelife Corporation                 9.500%    12/08/06     1
Primelife Corporation                10.000%     1/31/08     1
Riversdale Mining Ltd                 8.000%    12/31/05     1
Salomon SB Australia                  4.250%     2/01/09     8
Sapphire Securities Ltd               7.410%     9/20/35     7
Sapphire Securities Ltd               9.150%     9/20/35     9
Sherlock Bay Nickel                  12.000%     9/01/07     1
Silver Chef Ltd                      10.000%     8/31/08     1
Software of Excellence                7.000%     8/09/07     1
Strathfield Group                    11.000%    12/31/05     1
Sunshine Gas Company Ltd             12.000%     9/30/06     1
Sydney Gas Company                   12.000%     4/01/06     1
Tower Finance Ltd                     8.650%    10/15/09     8
Tower Finance Ltd                     8.750%    10/15/07     8
TrustPower Ltd                        8.300%     9/15/07     7
TrustPower Ltd                        8.300%    12/15/08     8
TrustPower Ltd                        8.500%     9/15/12     7
TrustPower Ltd                        8.500%     3/15/14     8
Vision Systems Ltd                    9.000%    12/15/08     2


INDONESIA
---------

Indonesia Government Bond             9.500%     6/15/15    73
Indonesia Government Bond            10.000%     7/15/17    75

MALAYSIA
--------

Aliran Ihsan Resources Bhd            5.000%    11/29/11     1
Artwright Holdings Bhd                5.500%     3/06/07     1
Asian Pac Holdings Bhd                4.000%    12/22/05     1
Berjaya Group Bhd                     5.000%    10/17/09     1
Berjaya Land Bhd                      5.000%    12/30/09     1
Berjaya Sports Toto Bhd               8.000%      8/04/12    4
Camerlin Group Bhd                    5.500%      7/15/07    1
Crescendo Corporation Bhd             3.000%      8/25/07    1
Dataprep Holdings Bhd                 4.000%      8/06/07    1
Eden Enterprises (M) Bhd              2.500%     12/02/07    1
EG Industries Bhd                     5.000%      6/16/10    1
Equine Capital Bhd                    3.000%      8/26/08    1
Fountain View Development Sdn Bhd     3.500%     11/03/06    1
Furqan Business Organization          2.000%     12/19/05    1
Gadang Holdings Bhd                   2.000%     12/24/08    1
Greatpac Holdings Bhd                 2.000%     12/11/08    1
Gula Perak Bhd                        6.000%      4/23/08    1
Hong Leong Industries Bhd             4.000%      6/28/07    1
Huat Lai Resources Bhd                5.000%      3/28/10    1
I-Berhad                              5.000%      4/30/07    1
Insas Bhd                             8.000%      4/19/09    1
Integrax Bhd                          3.000%     12/24/05    1
Kamdar Group Bhd                      3.000      11/09/09    1
Killinghall Bhd                       5.000%      4/13/09    1
Konsortium Lebuhraya                  4.000%      7/15/22   72
Kosmo Technology Industrial Bhd       2.000%      6/23/08    1
Kretam Holdings Bhd                   1.000%      8/10/10    1
Kumpulan Jetson                       5.000%     11/27/12    1
LBS Bina Group Bhd                    4.000%     12/29/06    1
LBS Bina Group Bhd                    4.000%     12/31/07    1
LBS Bina Group Bhd                    4.000%     12/31/08    1
LBS Bina Group Bhd                    4.000%     12/31/09    1
Lebar Daun Bhd                        2.000%      1/06/07    4
Lion Diversified Holdings Bhd         2.000%      6/01/09    1
Media Prima Bhd                       2.000%      7/18/08    1
Mithril Bhd                           3.000%      4/05/12    1
Mithril Bhd                           8.000%      4/05/09    1
Mutiara Goodyear Development Bhd      2.500%      1/15/07    1
Naim Indah Corporation Bhd            0.500%      8/24/06    1
Nam Fatt Corporation Bhd              2.000%      6/24/11    1
Pantai Holdings Bhd                   5.000%      3/28/07    2
Pantai Holdings Bhd                   5.000%      7/31/07    2
Patimas Computers Bhd                 6.000%      2/19/06    1
Pelikan International Corp Bhd        3.000%      4/08/10    1
Poh Kong Holdings Bhd                 3.000%      1/20/07    1
Prinsiptek Corporation Bhd            2.000%     11/20/06    1
Puncak Niaga Holdings Bhd             2.500%     11/18/16    1
Ramunia Holdings                      1.000%     12/20/07    1
Rashid Hussain Bhd                    0.500%     12/24/12    1
Rashid Hussain Bhd                    3.000%     12/24/12    1
Rhythm Consolidated Bhd               5.000%     12/17/08    1
Silver Bird Group Bhd                 1.000%      2/15/09    1
Southern Steel                        5.500%      7/31/08    1
Tanah Emas Corporation Bhd            2.000%     12/09/06    1
Talam Corporation Bhd                 7.000%      4/19/06    1
Tap Resources Bhd                     2.000%      6/29/06    1
Tenaga Nasional Bhd                   3.050%      5/10/09    1
Time Engineering Bhd                  2.000%     12/25/05    1
VTI Vintage Bhd                       4.000%      8/22/06    1
WCT Land Bhd                          3.000%      8/02/09    1
Wah Seong Corp                        3.000%      5/21/12    3


SINGAPORE
---------

Sengkang Mall                         8.000%     11/20/12    1
Structural System Singapore          11.000%      6/30/07    1
Tincel Limited                        7.400%      6/31/11    1





                            *********


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

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.  Information
contained herein is obtained from sources believed to be
reliable, but is not guaranteed.

The TCR -- Asia Pacific subscription rate is $575 for 6 months
delivered via e-mail. Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are $25 each.  For subscription
information, contact Christopher Beard at 240/629-3300.