TCRAP_Public/051101.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, November 1, 2005, Vol. 8, No. 216

                            Headlines

A U S T R A L I A

AIRSIY PTY: Members Opt for Voluntary Liquidation
ALU-TECH SHOPFITTERS: Declares First, Final Dividend
APM HOME: Members Decide to Wind Up Business
ASSET TEMPORARY: Placed Under Voluntary Liquidation
AUSTRALIAN GAS: Splits Into Two Major Firms

AUSTRALIAN GAS: Acquires Southern Hydro Assets
AUSTRALIS MINING: ASIC Obtains Undertakings to Preserve Assets
CAPE LEVEQUE: Creditors Asked to Submit Proofs of Debt
CROSS FOUNDATION: Intends to Pay Dividend to Creditors
DMT CONSTRUCTIONS: Appoints Official Liquidator

ERG GROUP: Shares Hit New Low
EVANS & TATE: Welcomes New CEO
EXPILE PTY: Enters Liquidation
GLENELG BACKPACKERS: Schedules Final Meeting Nov. 8
GOURMET PIE: Creditors Confirm Liquidator's Appointment

HARGO INVESTMENTS: Liquidator to Distribute Company Assets
HIH INSURANCE: Bradley Cooper Found Guilty of Corruption
ION GROUP: Sale of Transmission Ops Hits Snag
KANNIS HOLDINGS: Members, Creditors to Get Liquidator's Report
LANDON PTY: Winds Up Business

LEADING CUSTODIANS: Court Issues Winding Up Order
LIHIR GOLD: Mine Landslide to Trim Output Gains
PEGASUS LEVERAGED: Ex-director Jailed for Fraud, Forgery
PERSONAL PROTECTIVE: Final Meeting Fixed Nov. 8
PRIMELIFE CORPORATION: To Hold AGM November 28

PWA PRINTING: Set to Declare Dividend Tomorrow
QANTAS AIRWAYS: Closes Door on Singaporean Merger
STOCKMANS AUSTRALASIA: Inability to Pay Debt Prompts Wind Up
THINK SYSTEMS: Creditors Resolve to Wind Up Firm
TRIM PERFECT: Court Orders Winding Up

VALIANT CAIRNS: Liquidator to Explain Winding Up to Members


C H I N A  &  H O N G  K O N G

GEEWING COMPANY: Court Hearing Set November 15
GUANGDONG KELON: Expects Wider Loss in FY/2005
GUANGDONG KELON: Approves Disclosure of Financial Statements
HONG KONG SUN: Court Issues Winding Up Order
HO YEE: Set to Wind Up Operations

JILIN CHEMICAL: Posts Another Net Loss in Q3/FY05
QUALISUN INDUSTRIAL: Prepares to Wind Up Operations
SEA HONEY: Set to End Operations
MANRISE LIMITED: Issues Debt Claim Notice
SEYMOUR PACIFIC: Winding Up Hearing Slated for December 14

SUNBO CREATION: Creditors Meeting Set November 16


I N D I A

ANAND PEOPLE'S: Losses License on Insolvency


I N D O N E S I A

KIANI KERTAS: Deutsche Bank Consortium to Take Over Firm


J A P A N

HITACHI LIMITED: Incurs JPY10.9-Bln Loss in First Half
HITACHI LIMITED: To Set Up Outsourcing Bases in India
HITACHI LIMITED: Integrated Company Appoints New CEO
MEIJI YASUDA: S&P Affirms Rating, Outlook Negative
PIONEER CORPORATION: Cuts Plasma Shipment Forecast by 20%

SEIBU RAILWAY: Tsutsumi Brothers Keen on Stake
TOMEN CORPORATION: Merger Plan Hurts Toyota Tsusho's Ratings


K O R E A

CITIBANK KOREA: Workers Union to Stage Strike this Week
CITIBANK KOREA: Mulls LG Card Purchase


M A L A Y S I A

CHG INDUSTRIES: Court Extends Restraining Order
HUME INDUSTRIES: Buys Back Ordinary Shares
INTAN UTILITIES: Releases Default Summary
JIN LIN: Seeks Revision of Proposed Restructuring Scheme
KIG GLASS: Terminates 141 Employees  

K.P. KENINGAU: Default Figure Hits MYR40,957,459.87
KRETAM HOLDINGS: Unit Disposes of Dormant Subsidiary
LITYAN HOLDINGS: Submission of Restructuring Scheme Nears
MAGNUM CORPORATION: Purchases Ordinary Shares
MAXBIZ CORPORATION: Unit Served with Summons

MBF HOLDINGS: Summary Judgment Fixed for Mention December 7
OLYMPIA INDUSTRIES: Unlikely to Submit Rehab Plan on Time
PANTAI HOLDINGS: New Shares Up for Listing, Quotation
POH KONG: Bourse to List, Quote ICULS
PROMTO BERHAD: RO Extended for 90 Days

SAAG CONSOLIDATED: SC OKs Private Placement of Shares
SBBS CONSORTIUM: Posts No Changes to Payment Default Status
TA ENTERPRISE: Drops Proposed Shares Buy Back
TAP RESOURCES: Sets Out Resolutions Passed at AGM
TENCO BERHAD: Still No Development on Payment Default Status



P H I L I P P I N E S

ATLAS CONSOLIDATED: Raising US$170 Mln for Carmen Project
BAYAN TELECOMMUNICATIONS: Teams Up with ePLDT
FASTECH SYNERGY: Results Remain in the Red
NATIONAL POWER: JBIC Gives Green Light to Masinloc Sale
RFM CORPORATION: SEC Approves Amendment to By-Laws


S I N G A P O R E

CREATIVE TECHNOLOGY: Pays Dividend to Creditors
EI-NETS LIMITED: Increases Shares Capital
EI-NETS LIMITED: Clarifies Auditor's Report on Financial Results
GREATRONIC LIMITED: Primepartners Demands SG$49,066 Payment
JIL COMPONENTS: Court Orders Winding Up

LINDETEVES-JACOBERG: Court OKs Proposed Restructuring Scheme
NATSTEEL LIMITED: Sells Shares in Unit
PKA INTERNATIONAL: Court to Hear Winding Up Petition Nov. 4
UNITED FIBER: Indonesian Court Upholds Unit's Concession Right


T H A I L A N D

DATAMAT: Seeks SC Approval to Extend 3Q FS Submission
PRASIT PATANA: Unveils Shareholder Structure
THAI PETROCHEMICAL: Creditors Vote for Implementation Extension
BOND PRICING: For the Week 31 October to 4 November 2005

     -  -  -  -  -  -  -  -

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

AIRSIY PTY: Members Opt for Voluntary Liquidation
-------------------------------------------------
Notice is hereby given that at a general meeting of members of
Airsiy Pty Limited held on Sept. 27, 2005, it was resolved that
the Company be wound up voluntarily, and that John Maxwell Casey
of 35 Barrett Drive, Lennox Head NSW 2478 be appointed
Liquidator for such purpose.

Dated this 28th day of September 2005

John M. Casey
35 Barrett Drive, Lennox Head NSW 2478


ALU-TECH SHOPFITTERS: Declares First, Final Dividend
-----------------------------------------------------
Alu-Tech Shopfitters Pty Limited will declare a final dividend
on Nov. 3, 2005.

Creditors whose debts or claims have not already been admitted
are required on or before Nov. 2, 2005 to formally prove their
debts or claims. If they do not, they will be excluded from the
benefit of the dividend.

Dated this 11th day of October 2005

David L. McEvoy
Level 23, Freshwater Place
2 Southbank Boulevard, Southbank Vic 3001


APM HOME: Members Decide to Wind Up Business
--------------------------------------------
Notice is hereby given that at a general meeting of members of
APM Home Additions Pty Limited held on Sept. 29, 2005, it was
resolved that the Company be wound up voluntarily, and that
Schon Condon and Bruce Gleeson of Jones Condon Chartered
Accountants, Level 1 34 Charles Street Parramatta NSW, be
appointed Joint Liquidators for such winding up.

Dated this 30th day of September 2005

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


ASSET TEMPORARY: Placed Under Voluntary Liquidation
---------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members and creditors of Asset Temporary Personnel Pty
Limited held on Oct. 3, 2005, it was resolved that the Company
be wound up voluntarily, and that Joseph Loebenstein, Chartered
Accountant and Registered Liquidator of Loebenstein Insolvency
Services Pty Limited, 203 Balaclava Road, Caulfield North,
Victoria, be appointed Liquidator for the winding up.

Dated this 3rd day of October 2005

Joseph Loebenstein
Liquidator
Loebenstein Insolvency Services Pty Limited
203 Balaclava Road, Caulfield North Vic 3161


AUSTRALIAN GAS: Splits Into Two Major Firms
-------------------------------------------
The Australian Gas Light Company (AGL) announced a plan to
demerge into two new major listed businesses by separating its
retail and merchant energy assets from its infrastructure
assets.

AGL Chairman Mark Johnson said: "The Board believes there is
likely to be greater long-term value for shareholders by
separating AGL into an energy business and an infrastructure
business.

"Each business will be able to focus clearly on its strategic
direction and core activities and both will be large and
important operators in their sectors.

"After the demerger of the energy business, the two companies
will each have a capital structure suitable to its industry,
with funding capacity for growth and efficient Shareholder
distribution policies.

"Both companies solid have good growth prospects. Opportunities
will each have a capital structure suitable to its industry,
with funding capacity for growth and efficient Shareholder
distribution policies.

"Both companies should have good growth prospects. Opportunities
in hand for the energy business including integrating the newly
acquired AU$1.425 billion power-generation portfolio of Southern
Hydro, the recently announced Townsville 350 megawatt power
station, the equity investment in the PNG Gas Project, as well
as further organic growth. Building and owning the Papua New
Guinea to Australia pipeline is a key opportunity for the
infrastructure business", Mr. Johnson added.

As a true national energy market emerges, other opportunities
should arise as rationalization occurs and new facilities are
built to provide energy security for Australians.

In light of the changes to AGL's capital structure as a result
of the demerger, and the debt-funded acquisition of Southern
Hydro, the Board has decided to immediately cancel the remaining
$140 million of the on-market share buy-back program.

Energy and Infrastructure Businesses

The energy business will retain the AGL retail brand and will be
one of Australia's largest energy companies. It will focus on
earnings growth and total Shareholder returns, paying a fully
franked dividend.

Its assets will include AGL's gas and electricity retail
businesses, hydro electricity generator Southern Hydro, Somerton
and Hallett gas-fired power generators, investments in Loy Yang
A, Elgas, ActewAGL retail, and the proposed investments in the
Townsville power station, the PNG Gas Project as well as the
Sydney Gas Joint Venture.

The infrastructure business will have quality assets and stable
cash flows. It will focus on cash flow growth and should pay a
high proportion to Shareholders as fully franked distributions.

It will comprise AGL's remaining assets, including the NSW gas
network, the Victorian electricity network, the Agility
infrastructure management business, GasValpo in Chile, Southern
Hydro's Wattle Point wind farm, the 30 per cent stake in the
Australian Pipeline Trust and the 50 per cent holding in the
ActewAGL distribution network. It will be a 50 per cent partner
with Petronas in developing the PNG natural gas pipeline subject
to the option for APT to acquire a minimum interest of 20 per
cent.

Board and management

Mark Johnson will be the Chairman of the energy business and
Graham Reaney will be the Chairman of the infrastructure
business. Mr. Reaney is currently a Director on the AGL Board
and is Chairman of the Audit and Risk Management Committee. All
existing AGL Board members are expected to become a Director of
one or other of the two new companies. Additional directors will
be appointed consistent with the commitment to board renewal.

New Chief Executives will be appointed to run the energy and
infrastructure businesses. The process for recruitment has
commenced and both internal and external candidates will be
considered. These appointments will be announced as soon as
possible.

Managing Director Greg Martin has led the company for the past
five years as it has developed into one of Australia's largest
public energy companies. In light of these new circumstances, Mr
Martin has informed the Board that he intends to leave AGL. He
will continue to lead AGL while the new chief executives are
appointed to both new businesses.

"Greg Martin joined AGL in 1981. As Managing Director, he has
strengthened AGL to the point where it can create two separate,
sector-leading businesses. We thank him for his significant
contributions, for his full support for the demerger proposal,
and we wish him all the best for the future."

Mr. Martin said: "Now is the right time to proceed with the
demerger of AGL.

"Following the acquisition of hydro electricity generator
Southern Hydro each business has the critical mass required to
successfully operate on a stand-alone basis. Southern Hydro
gives the energy business substantial fast-start power
generation capacity in its core retail electricity markets and a
number of additional growth opportunities.

"The previously announced investment in the PNG Gas Project will
provide long term supplies of competitively priced energy, with
expansion potential beyond the current contracts".

Energy business

The energy business will be one of Australia's largest energy
companies with a significant dual fuel retail and business
customer base across NSW, South Australia and Victoria.

The newly acquired Southern Hydro assets will give a better
balance between generating capacity controlled by the energy
business and peak demand in its markets. The mix of AGL's
generation assets across base load, intermediate and peaking
plants will ensure its ongoing competitiveness and growth.

The demerger allows a focus on earnings growth and total
Shareholder returns, enhanced by Southern Hydro and the proposed
investment in the PNG Gas Project.

The initial capital structure will provide it with the funding
capacity to make further investments. These include power
generation assets in all states in which AGL currently operates
and retail assets in NSW and Queensland, including the proposed
power station in Townsville.

Infrastructure business

The demerger will allow the infrastructure business to be
focused on strong cash flow generation. Its capital structure
and operating characteristics should allow it to pay a high
proportion of cash flow to Shareholders in the form of fully
franked dividends.

Mr. Johnson said: "With opportunities like the PNG gas pipeline
and the continued growth of Agility, cash flows are expected to
grow."

The infrastructure company will be fully managed internally,
with deep operating competence and experience. Agility, AGL's
existing utility services and management business, will be a
core component of the infrastructure business. Agility will
continue to provide its capability and expertise to the
infrastructure company as well as to third party clients.

The proposal

The demerger will take place through a Scheme of Arrangement,
which will demerge the energy business from AGL's other assets.
The proposal will require court approval, and Shareholders will
also be required to vote on the demerger.

Once the Scheme is approved and becomes effective, AGL's
existing Shareholders will hold one share in each of the energy
and infrastructure businesses for each AGL share held at the
time of the demerger. Both companies will be listed on the ASX
and shares in either entity can then be traded freely.

There should be no adverse Australian income tax or capital
gains tax implications for Australian resident Shareholders
associated with the implementation of the demerger. The
Australian Taxation Office has issued a draft Class Ruling
indicating this.

Indicative timetable

Scheme documents sent to Shareholders   February 2006
Shareholder meeting to vote on Scheme   March 2006
Expected listing date for AGL Energy   April 2006

The material sent to Shareholders will include an independent
expert's report on the proposed demerger. The Scheme will be
conditional on a number of matters including obtaining all
necessary third party consents and regulatory approvals. Further
details will be released over coming weeks as they become
available.

CONTACT:

Australian Gas Light Company
Locked Bag 1837
St. Leonards
NSW 2065
General Inquiries: 02 9921 2999
General Fax: 02 9921 2552
Share Registry: 02 9921 2259
Share Registry Fax: 02 9921 2465


AUSTRALIAN GAS: Acquires Southern Hydro Assets
----------------------------------------------
The Australian Gas Light Company (AGL) announced that it has
expanded its power generation portfolio with the acquisition of
Southern Hydro, the largest privately owned, renewable hydro and
wind electricity generation portfolio in Australia, for AU$1.425
billion from New Zealand energy company Meridian Energy Limited
(Meridian).

This follows the announcement earlier today1 by AGL of a plan to
demerge into two new major listed businesses by separating its
retail and merchant energy assets from its infrastructure
assets. The establishment of the energy business and the
infrastructure business will result in two separate, sector-
leading businesses.

The Southern Hydro assets consist of 11 hydro power stations
located in Victoria and New South Wales and Australia's largest
wind farm located at Wattle Point in South Australia. The total
generating capacity of the portfolio is 736 megawatts (MW).

The hydro assets will be a key part of the energy business. The
Wattle Point Wind Farm will be part of the infrastructure
business.

"Southern Hydro is one of a limited number of pure renewable
energy companies available anywhere in the world," AGL Managing
Director Greg Martin said. "These are long life assets and have
been purchased on an 11 times EBITDA multiple based on long term
average hydrology and full capture of portfolio benefits which
is expected to occur from 2009.

"The power generating characteristics of Southern Hydro will
provide greater flexibility to the wholesale electricity
portfolio through the quick start-up capabilities of the hydro
generation assets. This will assist AGL in delivering lower
average wholesale energy costs at times of peak electricity
demand and enhance the company's retail market competitiveness.

"The Southern Hydro business has long-life generation assets and
an experienced management team," Mr Martin added.

All of Southern Hydro's power stations are accredited under the
Australian Federal Government's Mandatory Renewable Energy
Target (MRET) scheme. The Southern Hydro assets will
progressively supply more of AGL's Renewable Energy Certificate
(RECs) requirements over time. Between now and 2020, when the
MRET scheme is due to conclude, Southern Hydro will supply
approximately 30 per cent of AGL's total REC requirements
representing approximately 55 per cent of AGL's uncontracted REC
requirements.

"These hydro and wind generation assets will help reduce the
carbon intensity of AGL's power generation portfolio. This will
provide the company with a competitive advantage as governments
and customers increasingly seek to reduce greenhouse gas
emissions.

"There are also opportunities for future expansion of both wind
and hydro generation with development projects included in the
Southern Hydro portfolio. These are in addition to AGL's
existing development projects at Townsville (370MW of gas-fired
power generation), Hallett (250MW of gas-fired) and the Hallett
Wind Farm (90-135MW).

AGL expects to complete the acquisition by the end of November.

Outlook

Excluding the impact of Southern Hydro, and barring unforseen
circumstances, there is no change to the FY2006 earnings per
share outlook provided with AGL's FY2005 results in August.

The EPS impact for AGL on fully debt funding the purchase of
Southern Hydro is expected to be 2 cents per share decretive for
the seven months to 30 June 2006.

CONTACT:

Media
Jane Counsel, Media Relations Manager
Mobile: 0416 275 273
AGL Media Line
Direct: 02 9921 2220

Investors
Graeme Thompson, Head of Investor Relations
Direct: 02 9921 2789
Mobile: 0412 020 711


AUSTRALIS MINING: ASIC Obtains Undertakings to Preserve Assets
--------------------------------------------------------------
The Australian Securities and Investments Commission (ASIC) has
obtained undertakings, by consent, from Australis Mining
Corporation Limited and Australis Mining Operations Qld Pty
Limited (collectively referred to as Australis) to preserve the
assets of the company, prior to the hearing of ASIC's
application to appoint a provisional liquidator.

Australis has undertaken not to take, send or transfer, directly
or indirectly money, financial products or other property out of
Australia without first obtaining the written consent of ASIC,
up to 2 November 2005.

The orders were sought to protect the interests of the public
and creditors, prior to the hearing of ASIC's application to
wind up in insolvency the companies. ASIC has sought the winding
up orders due to concerns that both companies appear to be
trading whilst insolvent.

The application has been stood over before the Supreme Court of
NSW for a hearing on Wednesday 2 November 2005.

Australis Mining Corporation Limited has been voluntarily
suspended from trading on the Australian Stock Exchange since 4
October 2005.

CONTACT:

Australis Mining Corporation Limited
Level 35, 3504 100 Miller Street
North Sydney, NSW 2060
Phone: +612 8908 5988
Fax: +612 8908 5977
E-mail: w.kember@australismining.com.au
Web site: http://www.australismining.com.au


CAPE LEVEQUE: Creditors Asked to Submit Proofs of Debt
------------------------------------------------------
Notice is given that the creditors of Cape Leveque Holdings Pty
Limited, whose debts or claims have not already been admitted,
are required on or before Nov. 4, 2005 to submit particulars of
their debts or claims and of any security held by them to the
Company Liquidator.

If subsequently required by notice in writing from the said
liquidator, they must formally prove their debts or claims and
establish any title they may have to priority by statement in
writing. Failure to comply will exclude creditors from the
following:

(a) the benefit of any distribution made before their debts or
claims are proved or their priority is established; and

(b) objecting to the distribution.

Dated this 5th day of October 2005

P. Vrsecky
Liquidator
Draper Dillon
499 St Kilda Road, Melbourne Vic 3004


CROSS FOUNDATION: Intends to Pay Dividend to Creditors
------------------------------------------------------
Cross Foundation Limited will declare a first and final dividend
on Nov. 2, 2005.

Creditors who were not able to prove their debts or claims will
be excluded from the benefit of the dividend.
Dated this 16th day of September 2005

R. L. Duggan
Joint Liquidator
c/- Ferrier Hodgson
Level 17/2 Market Street, Sydney NSW 2000


DMT CONSTRUCTIONS: Appoints Official Liquidator
-----------------------------------------------
At a meeting of the members of DMT Constructions Pty Limited
held on Sept. 30, 2005, it was unanimously resolved that the
Company be wound up, and that Stephen Gower Baker be appointed
Liquidator.

Stephen G. Baker
Liquidator
Stephen Baker & Co. Chartered Accountants
Suite 2, 98 Woolwich Road
Woolwich NSW 2110
Phone: 9817 6427
Fax:   9879 0964


ERG GROUP: Shares Hit New Low
-----------------------------
The latest plunge in ERG Group shares prompted the company to
request suspension from trading, Sydney Morning Herald reports.

The troubled smartcard firm requested a trading halt on
Thursday, then a suspension from trading on Friday night. It is
expected to make an announcement this week.

Since posting an AU$6.1 million net profit in 2001, ERG's losses
have totaled AU$506 million.

The company has been forced to go back to the market on several
occasions to raise extra capital.

Since replacing Peter Fogarty in 2004, chief executive Allan
Sullivan has had little luck turning around the company whose
market capitalization is now worth just AU$100 million. It was
valued around five times that in 2000 and, on a per share basis
much less, thanks to the repeated capital raisings the company
has undertaken.

ERG will hold its annual meeting in Melbourne on November 24.
Shareholders will be asked to approve a restructure of the
company's debts to two major creditors, and now shareholders,
Utilico and Ingot Capital.

CONTACT:

ERG Group
247 Balcatta Road
Balcatta WA 6021 Australia
Phone: +61 8 9273 1100
ERG Group: +61 8 9273 1208
Cards Systems: +61 8 9273 1127
Transit Systems: +61 8 9344 3686
E-mail: enquiries@erggroup.com
Web site: http://www.erggroup.com/


EVANS & TATE: Welcomes New CEO
------------------------------
Evans & Tate Limited announced the appointment of Mr. Martin
Johnson as its new Chief Executive Officer.

Mr. Johnson was most recently the Chief Executive Officer of
Peju Winery, one of the Napa Valley's most respected wineries.
Prior to joining Peju Winery, Mr. Johnson was Executive Vice-
President of Marketing for Jackson Wine Estates and Senior Vice
President, Marketing for Robert Mondavi, two of California's
largest wine makers.

Evans & Tate Chairman John Hopkins said Mr. Johnson was the
Company's first choice as CEO and the BOard was looking forward
to working with him.

"We are thrilled to appoint someone with Martin's extensive wine
industry knowledge and experience to help lead us into the
future," he said.

"Martin has a thorough understanding of premium wine production
and marketing in all major wine regions in the world and I am
sure that he will bring a fresh perspective to Evans & Tate from
day one".

With Martin's appointment and the recent appointments of Rob
Scott and Peter Wallace as Non-Executive Directors the Company
now has the Board and management team in place to pursue its
turnaround strategy."

Mr. Johnson said he eagerly looked forward to joining Evans &
Tate.

"I am looking forward to moving to Perth and leading the
turnaround," he said.

"Evans & Tate is one of Australia's leading premium branded wine
companies, and the opportunity to lead the Company was too good
an opportunity to pass up."

"There has been a difficult wine market in recent months,
however the Company has strong brand awareness and I believe its
future is bright."

Mr. Jonhson will commence with the Company on November 10, 2005.

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/


EXPILE PTY: Enters Liquidation
------------------------------
Notice is hereby given that at a meeting of creditors of Expile
Pty Limited held on Sept. 29, 2005, it was resolved that the
Company be wound up, and Martin John Green of GHK Green Krejci,
Level 9, 179 Elizabeth Street, Sydney NSW 2000 was appointed
Liquidator for such purpose.

Dated this 2nd day of September 2005

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


GLENELG BACKPACKERS: Schedules Final Meeting Nov. 8
---------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Glenelg Backpackers Resort Pty Limited will be held
on Nov. 8, 2005, 9:30 a.m. in the offices of PPB Chartered
Accountants, 10th Floor, 26 Flinders Street, Adelaide SA, for
the following purposes:

AGENDA

To receive the Liquidator's account showing how the winding up
was conducted and the property of the Company disposed of, and
explanations thereof.

Dated this 28th day of September 2005

M. C. Hall
T. J. Clifton
Joint Liquidators
PPB Chartered Accountants
10th Floor, 26 Flinders Street
Adelaide SA 5000.
Phone: 8211 7800


GOURMET PIE: Creditors Confirm Liquidator's Appointment
-------------------------------------------------------
Notice is hereby given that at a general meeting of members of
The Gourmet Pie Company Pty Limited held on Oct. 7, 2005, it was
resolved that the Company be wound up voluntarily, and that
Roderick Mackay Sutherland of Jirsch Sutherland Chartered
Accountants be appointed Liquidator.

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

Dated this 7th day of October 2005

R. M. Sutherland
Liquidator
Jirsch Sutherland
GPO Box 4256, Sydney NSW 2001
Phone: 02 9233 2111
Fax:   02 9233 2144


HARGO INVESTMENTS: Liquidator to Distribute Company Assets
----------------------------------------------------------
At a General Meeting of Hargo Investments Pty Limited held on
Sept. 29, 2005, the following Special Resolution was passed:

That the Company be wound up as a Member's Voluntary
Liquidation, and that Douglas John Farram of Carruthers Farram &
Co. Services Pty Limited be appointed Liquidator, with the power
to distribute the Company assets (in specie) for the winding up.

Dated this 5th day of October 2005

Douglas J. Farram
c/o Carruthers Farram & CO Services Pty Limited
Suite 4, Level 4, 105 Pitt Street
Sydney NSW 2000


HIH INSURANCE: Bradley Cooper Found Guilty of Corruption
--------------------------------------------------------
Mr. Jeffrey Lucy, Chairman of the Australian Securities and
Investments Commission (ASIC), on Monday said the successful
prosecution Mr. Bradley Cooper was a further important step in
bringing those associated with the failure of HIH to account.

Mr. Cooper, a former Chairman of the FAI Home Security group,
has been found guilty in the Supreme Court of New South Wales
Monday of 6 charges of corruptly giving a cash benefit to
influence an agent of HIH Insurance Limited (HIH) under s249B of
the Crimes Act. He was also found guilty of 7 charges of
publishing false or misleading statements with intent to obtain
a financial advantage under s178BB of the Crimes Act.

The verdict followed a 44-day jury trial before Justice Bruce
James.

The convictions relate to Mr. Cooper paying approximately
$120,000 to Mr. William Howard, a former Finance General Manager
of HIH, to facilitate payments to Mr. Cooper, or entities
associated with him, totaling $4.9 million, plus the forgiveness
of a further debt owed to HIH of $1.79 million. The charges
regarding the misleading statements relate to various occasions
where HIH or its agents were induced into making payments to Mr.
Cooper or associated companies.

Mr. Cooper was remanded in custody and will appear for
sentencing on 2 December 2005.

The Commonwealth Director of Public Prosecutions prosecuted the
matter.

Background

On 3 December 2000, Mr. William Howard, a former General Manager
of HIH Insurance Limited, met with Mr. Cooper at the Unity Hall
Hotel, Balmain to discuss various outstanding claims Mr. Cooper
indicated were outstanding by HIH. At this meeting, Mr. Cooper
offered Mr. Howard an undisclosed cash incentive and future
employment at Home Security International Inc. (a company
controlled by Mr. Cooper) as an inducement to fast track these
claims.

At the time, HIH was in a significantly difficult financial
position.

The evidence has shown that on or about the 22 December 2000,
Mr. Howard received approximately $20,000 in cash after a
meeting at Mr. Cooper's office in North Sydney.

On this same day, Mr. Howard opened a safe deposit box at George
Street in Sydney.

In early January 2001, Mr. Howard received a further $30,000
while attending the Ritz Carlton Hotel. Mr. Cooper had the money
in a leather bag and they proceeded to transfer the money into
another bag in Mr. Howard's possession.

On 18 January 2001, Mr. Howard was on holidays at Noosa
Queensland and Mr. Cooper arranged for the delivery of $9,000 in
cash by a Mr. Allan who lived in Brisbane.

In February 2001, Mr. Cooper and Mr. Howard again met, this time
at the Sheraton on the Park Hotel, and Mr. Cooper handed Mr.
Howard an envelope containing $40,000 in cash.

The final payment of approximately $20,000 occurred at Mr.
Cooper's Balmoral penthouse the week before the collapse of HIH
in March 2001.

On and after 15 December 2000, Mr. Cooper published a series of
statements to HIH which recorded that HIH owed Vision Publishing
Pty Limited, a company controlled by Mr. Cooper, $1.2 million
after this commitment had already been satisfied in full.

On or after 8 January 2001, Mr. Cooper published a statement to
HIH which recorded that HIH owed The Goodwill Group Pty Limited,
a company controlled by Mr. Cooper, $825,000 and $375,000 for a
Sponsorship Package and Consulting Fees which were neither
overdue nor due and payable.

On 30 January 2001, Mr. Cooper published a statement to HIH
which had attached a letter dated 2 August 1999 signed by Mr
Rodney Adler, addressed to Mr. Bradley Cooper approving an
undisclosed debt when in fact the approval letter had not been
created on that date.

On or about 7 February 2001, the same letter dated 2 August 1999
was forwarded to Mr. Cooper's then solicitors who relied upon
the letter for subsequent advice to HIH.

In March 2001, Mr. Cooper published a statement to HIH which
recorded that HIH owed The Goodwill Group Pty Limited
reimbursement of a exchange rate difference in shares sold to Mr
Cooper, in Publicard Inc, listed on the NASDAQ.


ION GROUP: Sale of Transmission Ops Hits Snag
---------------------------------------------
The Deed Administrator, Mr. Colin Nicol of
McGrathNicol+Partners, announced that the sale of ION
Transmissions is delayed until November 30, 2005 to give the
purchaser more time to finalize its capital structure.

The purchaser, Powertrain Products International Pty Ltd (PPI),
represents a consortium of local businessmen together with
Marubeni Corporation of Japan.

The Administrators have completed all of the steps required to
finalize the sale, however it has been necessary for PPI to
restructure its bid as a consequence of concerns in financial
markets about the state of the global automotive industry.

PPI is committed to the transaction and is working through the
changes required in its bid vehicle so the sale can be
completed.

There is no change to the price agreed with PPI.

The delay is disappointing, however the Administrators do not
anticipate any disruptions to manufacturing operations or to
customer supply.

The ION Transmissions plant has contracts to supply Ford until
2008 and is making steady progress in winning export business
for its new 6 speed product range.

Further updates will be issued during November.

CONTACT:

Colin Nicol
Deed Administrator
McGrathNicol and Partners
Level 9, 10 Shelley Street,
Sydney NSW 2000
Australia
Phone: +61 2 9338 2600
Fax: +61 2 9338 2699
E-mail: cnicol@mcnp.com.au
Web site: http://www.mcgrathnicol.com.au


KANNIS HOLDINGS: Members, Creditors to Get Liquidator's Report
--------------------------------------------------------------
Notice is hereby given that a general meeting of the members of
Kannis Holdings Pty Limited will be held on Nov. 8, 2005, 9:00
a.m. at the offices of Dickson Carrello Insolvency
Practitioners, Level 1, 216 St. Georges Terrace, Perth, WA 6000,
to present the Liquidator's account showing the manner in which
the winding up was conducted and the property of the Company
disposed of, and to hear any explanations that may be given by
the Liquidator.

Dated this 28th day of September 2005

G. M. Carrello
Liquidator
Dickson Carrello Insolvency Practitioners
Level 1, 216 St. Georges Terrace
Perth WA 6000


LANDON PTY: Winds Up Business
-----------------------------
At a General Meeting of Landon (Holdings) Pty Limited held on
Sept. 27, 2005, the following resolutions were passed:

SPECIAL RESOLUTION

That the Company be wound up voluntarily.

ORDINARY RESOLUTION

That David Robinson be appointed Liquidator for the winding up.

Dated this 27th day of September 2005

David Robinson
Liquidator
Harveys Chartered Accountants
Level 3, 2 Bulletin Place
Sydney NSW 2000


LEADING CUSTODIANS: Court Issues Winding Up Order
-------------------------------------------------
On Sept. 27, 2005, the Supreme Court of New South Wales, Equity
Division ordered the winding up of Leading Custodians Pty
Limited, and appointed Steven Nicols to be Liquidator fo the
Company.

Steven Nicols
Liquidator
Level 2, 350 Kent Street
Sydney NSW 2000


LIHIR GOLD: Mine Landslide to Trim Output Gains
-----------------------------------------------
Lihir Gold Limited expects its gold production for the quarter
to be reduced as a result of some lost production from a
landslide at its Papua New Guinea mine, Reuters reports.

The Company, however, still projected a 5 percent increase in
fourth quarter gold production despite the 175,000 ounces in
lost production for the current quarter.

Before the accident that killed two miners, the company had
predicted 2005 production would exceed 700,000 ounces and
continue at that rate over the next several years.  

The landslide occurred on Oct. 9, cutting the road between the
township and the mine, rupturing a water pipeline supplying the
process plant and preventing further gold processing.

Full operations should resume early in 2006.

CONTACT:

Lihir Gold Limited
Papua New Guinea
Head Office
Level 7, Pacific Place
Cnr. Champion Parade & Musgrave Street
Port Moresby
Phone:  (+675) 321 7711
Fax:  (+675) 321 4705

Australia
Level 14, 12 Creek Street
Brisbane
Queensland 4000
Phone: (+617) 3229 5483
Fax: (+617) 3229 5950
E-mail: Joe.Dowling@lihir.com.pg  
Web site: http://www.lihir.com.pg


PEGASUS LEVERAGED: Ex-director Jailed for Fraud, Forgery
--------------------------------------------------------
The Chairman of the Australian Securities and Investments
Commission (ASIC), Mr. Jeffrey Lucy has welcomed the eight-year
jail sentence imposed on Mr. Craig John McKim, of Labrador,
Queensland, in the Sydney District Court today.

Mr. McKim was sentenced to eight years jail with a non-parole
period of five years, which means he will not be eligible for
parole until 19 October 2010.

This followed a sentencing hearing held on 20 October 2005,
during which Justice Norrish remanded Mr. McKim in custody to be
formally sentenced Monday.

Mr. McKim, a former director of the Sydney financial services
business, Pegasus Leveraged Options Group Pty Ltd had earlier
pleaded guilty, on 3 June 2005, to seven charges, under the
Crimes Act 1900, following an investigation by ASIC.

Mr. McKim pleaded guilty to fraudulently taking funds totaling
$2,187,963 for his own use.

ASIC alleged that the funds taken by Mr. McKim were withdrawn
from an account that Pegasus held with the National Australia
Bank, which Mr. McKim allegedly deposited into three gaming
accounts.

Mr. McKim also pleaded guilty to making and using false
documents, or copies of false documents, as part of the
promotion of an illegal managed investment scheme. The false
documents included letters claiming to be from a representative
of a financial institution. These offences occurred between 25
July 2000 and 1 March 2001.

In addition, on 20 October 2005, Mr. McKim pleaded guilty to a
further two charges brought by ASIC, under the Corporations Act
2001, of inducing people on the Gold Coast, Queensland, to deal
in financial products and carrying on an unlicensed financial
services business.

ASIC alleged that Mr. McKim induced six people to give him money
by promising he would use the funds to trade in foreign currency
and make a profit for them. These people provided him with over
$135,000, most of which Mr. McKim allegedly used for gambling
and other personal expenses, rather than trading in foreign
currency. Investors' funds totaling $107,168.40 remain
outstanding.

Also on 20 October 2005, Mr. McKim pleaded guilty to an
additional two charges brought by the Australian Federal Police
(AFP) under the Commonwealth Criminal Code Act 1995, of forgery
and using a forged document on the Gold Coast, Queensland.

The AFP alleged that Mr. McKim used a letter, sent to him by
ASIC, to prepare a forged ASIC document stating that his funds
had been frozen by ASIC. The AFP alleged that Mr. McKim sent the
document to a business broker to whom he owed payment of a
deposit on the purchase of a company so as to delay making the
payment. These offences occurred between 14 July 2003 and about
20 November 2003.

"ASIC will strive to ensure that anyone who entices people to
invest in unlicensed investment schemes, and then engages in
reckless and dishonest conduct to fraudulently take investors
money for their own use, is brought before the Courts. As this
case demonstrates, the consequences of such actions can be very
serious, including imprisonment," Mr. Lucy said.

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

Background

Pegasus was an unlicensed financial services business, based in
Crows Nest, New South Wales.

ASIC had previously taken civil action against Mr. McKim and
Pegasus in relation to the management of an illegal managed
investment scheme, and the offer of securities without a
securities dealer's license. On 24 April 2002, ASIC obtained
orders in the Supreme Court of New South Wales winding up
Pegasus and the scheme.

Mr. McKim was also banned from being involved in the management
of a company for 30 years during these proceedings.

ASIC alleged that the funds taken by Mr. McKim were withdrawn
from an account that Pegasus held with the National Australia
Bank, which Mr. McKim allegedly deposited into three gaming
accounts.

Mr. McKim also pleaded guilty to making and using false
documents, or copies of false documents, as part of the
promotion of an illegal managed investment scheme. The false
documents included letters claiming to be from a representative
of a financial institution. These offences occurred between 25
July 2000 and 1 March 2001.

In addition, on 20 October 2005, Mr. McKim pleaded guilty to a
further two charges brought by ASIC, under the Corporations Act
2001, of inducing people on the Gold Coast, Queensland, to deal
in financial products and carrying on an unlicensed financial
services business.

ASIC alleged that Mr. McKim induced six people to give him money
by promising he would use the funds to trade in foreign currency
and make a profit for them. These people provided him with over
$135,000, most of which Mr. McKim allegedly used for gambling
and other personal expenses, rather than trading in foreign
currency. Investors' funds totaling $107,168.40 remain
outstanding.

Also on 20 October 2005, Mr. McKim pleaded guilty to an
additional two charges brought by the Australian Federal Police
(AFP) under the Commonwealth Criminal Code Act 1995, of forgery
and using a forged document on the Gold Coast, Queensland.

The AFP alleged that Mr. McKim used a letter, sent to him by
ASIC, to prepare a forged ASIC document stating that his funds
had been frozen by ASIC. The AFP alleged that Mr. McKim sent the
document to a business broker to whom he owed payment of a
deposit on the purchase of a company so as to delay making the
payment. These offences occurred between 14 July 2003 and about
20 November 2003.

"ASIC will strive to ensure that anyone who entices people to
invest in unlicensed investment schemes, and then engages in
reckless and dishonest conduct to fraudulently take investors
money for their own use, is brought before the Courts. As this
case demonstrates, the consequences of such actions can be very
serious, including imprisonment," Mr. Lucy said.

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

Background

Pegasus was an unlicensed financial services business, based in
Crows Nest, New South Wales.

ASIC had previously taken civil action against Mr. McKim and
Pegasus in relation to the management of an illegal managed
investment scheme, and the offer of securities without a
securities dealer's license. On 24 April 2002, ASIC obtained
orders in the Supreme Court of New South Wales winding up
Pegasus and the scheme.

Mr. McKim was also banned from being involved in the management
of a company for 30 years during these proceedings.


PERSONAL PROTECTIVE: Final Meeting Fixed Nov. 8
-----------------------------------------------
Notice is given that the final meeting of members and creditors
of Personal Protective Service Pty Limited will be held on Nov.
8, 2005, 10:00 a.m. at Level 1, 32 Martin Place, Sydney NSW.

AGENDA:

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

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

Dated this 28th day of September 2005

I. J. Purchas
Liquidator
C/o Level 1, 32 Martin Place
Sydney NSW


PRIMELIFE CORPORATION: To Hold AGM November 28
----------------------------------------------
The Annual General Meeting for Primelife Corporation Limited
will be held at 2:00 p.m. on Monday, November 28, 2005 at the
Wesley Conference Centre, 220 Pitt Street, Sydney, New South
Wales.

The Notice of Meeting, Explanatory Memorandum, and Proxy Form
are available at:
http://bankrupt.com/misc/tcrap_primelifecorporation103105.pdf

CONTACT:

Primelife Corporation Limited
Melbourne
Victoria, Victoria 3000
Australia
Phone: +61 3 9618 5500
Fax: +61 3 9618 5599
Web site: http://www.primelife.com.au/


PWA PRINTING: Set to Declare Dividend Tomorrow
----------------------------------------------
PWA Printing Services Pty Limited will declare a first and final
dividend to its priority creditors on Nov. 2, 2005.

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

Dated this 9th day of September 2005

Peter J. Lanthois
Liquidator
KordaMentha (SA & NT)
Level 4, 70 Pirie Street
Adelaide SA 5000


QANTAS AIRWAYS: Closes Door on Singaporean Merger
-------------------------------------------------
Qantas Airways has given up on its pursuit to tie-up with
Singapore Airlines to create an Asia-Pacific mega carrier,
according to the Sydney Morning Herald.

Chief Executive Officer Geoff Dixon said he agrees with
Singapore Airlines Chief Executive CSChew that, "the moment has
passed".

Mr. Dixon's repeated statements about the need for consolidation
in the global airline industry in the past 18 months have often
been interpreted as an expression of his dream to team up with
the Singaporean carrier.

Even the Prime Minister, John Howard, and Singapore's Transport
Minister, Yeo Cheow Tong, said earlier in the year that such a
deal would make sense.

Singapore Airlines has repeatedly said it has no interest in
merging, despite the scale benefits such a deal could bring from
maintenance pooling and rationalization of services out of
Singapore, Qantas's largest overseas hub.

Mr. Dixon, however, dismissed suggestions a deal had been
stopped by the deterioration in relations with Mr. Chew, sparked
when Singapore Airlines ramped up its attempts to gain access to
Qantas's most lucrative route, Sydney to Los Angeles.

He said the failure to merge with Singapore Airlines and the
recent scuttling of his proposal to align with Air New Zealand
had not dampened his enthusiasm for another alliance.

CONTACT:

Qantas Airways Limited
Qantas Centre, Level 9,
Building A, 203 Coward Street,
Mascot, NSW, Australia, 2020
Head Office Telephone: (02) 9691 3636
Head Office Fax: (02) 9691 3339


STOCKMANS AUSTRALASIA: Inability to Pay Debt Prompts Wind Up
------------------------------------------------------------
Notice is hereby given that at a meeting of Stockmans
Australasia Pty Limited held on Oct. 6, 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 Geoffrey Reidy be
appointed Liquidator for such winding up.

Goeffrey Reidy
Liquidator
c/o Rodgers Reidy
Level 8, 333 George Street
Sydney NSW 2000


THINK SYSTEMS: Creditors Resolve to Wind Up Firm
------------------------------------------------
Notice is hereby given that at a creditors' meeting of Think
Systems Pty Limited held on Sept. 29, 2005, it was resolved that
the Company be wound up voluntarily, and Sule Arnautovic of
Jirsch Sutherland Chartered Accountants was appointed Liquidator
for the winding up.

Dated this 29th day of September 2005

Sule Arnautovic
Liquidator
Jirsch Sutherland Chartered Accountants
Level 2, 84 Pitt Street
Sydney NSW 2000
Phone: 02 9233 2111
Fax:   02 9233 2144


TRIM PERFECT: Court Orders Winding Up
-------------------------------------
On Sept. 28, 2005, the Supreme Court of New South Wales ordered
that Trim Perfect Australia Pty Limited be wound up, and
appointed Gregory Winfield Hall to be Liquidator of the Company.

Dated this 30th day of September 2005

Gregory W. Hall
c/o PricewaterhouseCoopers
Level 15, Darling Park Tower 2
201 Sussex Street, Sydney NSW 1171


VALIANT CAIRNS: Liquidator to Explain Winding Up to Members
-----------------------------------------------------------
Notice is hereby given that the final meeting of members of
Valiant Cairns Pty Limited will be held on Nov. 8, 2005, 9:00
a.m. at the offices of Charman Partners, Suite 4, 10-12 Chapel
Street, Blackburn, to lay before the meeting the liquidator's
final account and report, and to give any explanation thereof.

Dated this 4th day of October 2005

Paul Anton Tierney
Liquidator
Charman Partners
Suite 4, 10-12 Chapel Street
Blackburn 3130


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

GEEWING COMPANY: Court Hearing Set November 15
----------------------------------------------
Geewing Company Limited hereby gives notice that an application
by the Official Receiver and Provisional Liquidator will be
heard before Master S. Kwang of the High Court for consideration
of the resolutions and determinations (if any) of the adjourned
first meetings of creditors and contributories held on August 2,
2005, deciding the differences (if any), and making such order
of appointments as the court may think fit.

Date and Time of Hearing: November 15, 2005 at 11:30 a.m.

Place of hearing: High Court Building, No. 38 Queensway, Hong
Kong

Any creditor or contributory of the Company is entitled to
attend and be heard at the above hearing.

Dated this 28 October 2005

LEE MEI YEE MAY
Acting Official Receiver & Provisional
Liquidator


GUANGDONG KELON: Expects Wider Loss in FY/2005
----------------------------------------------
In view of the substantial unaudited loss of Guangdong Kelon
Electrical Holdings Company Limited and its subsidiaries for the
nine months ended September 30, 2005 as reported in the Third
Quarterly Report (as defined below), it is expected that the
audited consolidated results for the Group for the year ending
31 December 2005 may record a loss.

In a disclosure to the Hong Kong Stock Exchange, it is estimated
that the Loss will increase by over 50% as compared to the
amount as recorded in the Group's audited financial statements
for the year ended December 31, 2004 (subject to the Group's
audited financial statements for the year ending December 31,
2005) for the following reasons.

During the financial year of 2005, Mr. Gu Chu Jun, the former
chairman of the Company, was suspected of having committed
economic crime. This has affected the confidence in the Company
of those financial institutions, suppliers and distributors,
which have business relationships with the Company, and in turn
has a serious impact on the Company's normal production and
operation. The Company therefore also failed to participate in
this year's high season for the production and sales of
refrigerators and air conditioners. As a result of the above
adverse factors, it is expected that the Company will report a
loss for the financial year of 2005.

The Group's net loss and earnings per share for the year ended
December 31, 2004 amounted to RMB64,160,206 and RMB (0.0647),
respectively.

As the Group recorded a loss for the financial year ended
December 31, 2004 and in the event that the Group continues to
record a loss for the financial year ending 31 December 2005,
the Company may have to issue warning relating to delisting of
the shares of the Company on the Shenzhen Stock Exchange (ST)

The Company has made this announcement in accordance with The
Rules Governing the Listing of Stocks on Shenzhen Stock
Exchange. This announcement has not been reviewed by the
auditors of the Group and is prepared based on the Group's
quarterly financial statements for the three months ended 30
September 2005, which is expected to be published on October 31,
2005 (the Third Quarterly Report).

Suspension of Trading of H Shares

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, among 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


GUANGDONG KELON: Approves Disclosure of Financial Statements
------------------------------------------------------------
The board of directors of Guangdong Kelon Electrical Holdings
Company Limited held a board meeting on October 28, 2005 at the
Company's headquarters, and notice of the Board Meeting was
dispatched to all directors of the Company by mail and by fax on
October 14, 2005.

Out of the nine Directors, four Directors attended the Board
Meeting in person, while independent non-executive Directors Mr.
Xu Xiao Lu and Mr. Chan Pei Cheong, Andy attended the Board
Meeting by telephone.

The Board Meeting was convened in accordance with the Company
Law of the People's Republic of China (the PRC) and the articles
of association of the Company.

It was resolved at the Board Meeting that the quarterly
financial statements of the Company and its subsidiaries for the
three months ended September 30, 2005 (the Third Quarterly
Report) be approved.

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

At the request of the Company, trading in H Shares of the
Company was suspended with effect from 10:00 a.m. on June 16,
2005 pending the release of an announcement in relation to price
sensitive information. Subject to the publication of 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.

For a copy of the results for the third quarter ended September
30, 2005, go to
http://bankrupt.com/misc/tcrap_guangdong103105.pdf


HONG KONG SUN: Court Issues Winding Up Order
--------------------------------------------
Hong Kong Sun Wah Finance Holdings Limited whose place of
business is situated at Rm 1301 13/F 10 Pottinger St Central,
Hong Kong was issued a winding up order notice by the High Court
of the Hong Kong Special Administrative Region Court of First
Instance on October 17, 2005.

Date of Presentation of Petition: July 20, 2005

Dated this 21st day of October 2005

ET O'Connell


HO YEE: Set to Wind Up Operations
---------------------------------
Ho Yee Kee & Company Limited whose place of business is situated
at Rm 1008 10/F Parkpolee Commercial Ctr 1A Sai Yeung Choi
Street South Mongkok Kowloon was issued a winding up order
notice by the High Court of the Hong Kong Special Administrative
Region Court of First Instance on October 17, 2005.

Date of Presentation of Petition: July 20, 2005

Dated this 21st day of October 2005

ET O'Connell


JILIN CHEMICAL: Posts Another Net Loss in Q3/FY05
-------------------------------------------------
Jilin Chemical Industrial Company Limited announced the
highlights of the results of the company for the nine months
ended September 30, 2005:

From January 1 to September 30, 2005, the company recorded sales
revenue from its principal operations of RMB23,129,520,751,
representing an increase of 14.09% as compared with the
corresponding period of the previous year, and a net loss of
RMB151,431,414.

This quarterly report of the Company is prepared in accordance
with the information disclosure requirement on quarterly report
of listed companies issued by China Securities Regulatory
Commission and Shenzhen Stock Exchange.

All the financial information set out in this quarterly report
has been prepared in accordance with the applicable PRC
accounting standards.

This quarterly report of the Company is unaudited.

This quarterly report of the Company is published pursuant to
the disclosure obligation under Paragraph 2(2) of the Listing
Agreement between the Company and The Stock Exchange of Hong
Kong Limited.

Meanwhile, Infocast News reported that under the PRC accounting
standard, the company said it had a net loss of RMB275.4 million
for the third quarter of 2005, compared with a net profit of
RMB1.648 billion a year earlier.

Chong Hing Securities said that Jilin Chemical has current
assets of HK$3.11 billion in the year ended December 31, 2004,
while current liabilities stood at HK$7.13 billion.

For more details, go to
http://bankrupt.com/misc/tcrap_jilin103105.pdf

CONTACT:

Jilin Chemical Industrial Company Limited
No. 9 Longtan Rd., Longtan District
Jilin 132021, China  
Phone: +86-432-390-3912
Fax: +86-432-302-8126


QUALISUN INDUSTRIAL: Prepares to Wind Up Operations
---------------------------------------------------
Qualisun Industrial Limited whose place of business is situated
at Units 226-227 2nd Floor Blk 1 Sui Fai Factory Est 5-13 Shan
Mei Street Fotaon, 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 October 17, 2005.

Date of Presentation of Petition: July 26, 2005

Dated this 21st day of October 2005

ET O'Connell


SEA HONEY: Set to End Operations
--------------------------------
Sea Honey Limited whose place of business is situated at Rm 2303
Office Tower Convention Plaza 1 Harbour Wanchai Hong Kong was
issued a winding up order notice by the High Court of the Hong
Kong Special Administrative Region Court of First Instance on
October 19, 2005.

Date of Presentation of Petition: July 25, 2005

Dated this 21st day of October 2005

ET O'Connell


MANRISE LIMITED: Issues Debt Claim Notice
-----------------------------------------
Notice is hereby given that the creditors of Manrise Limited (In
Members' Voluntary Liquidation), which is being voluntarily
wound up, are required on or before November 28, 2005, to send
in their names, addresses and particulars of their debts or
claims, and the name and address of their solicitors, if any, to
the liquidators of the company.

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

In default thereof, they will be excluded from the benefit of
any distribution before such debts are proved.

Dated this 28th day of October, 2005

STEPHEN LIU YIU KEUNG
ROBERT ARMOR MORRIS
Joint and Several Liquidators


SEYMOUR PACIFIC: Winding Up Hearing Slated for December 14
----------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Seymour Pacific Limited by the High Court of Hong Kong Special
Administrative Region was on October 17, 2005 presented to the
said Court by Bank of China (Hong Kong) Limited (the successor
banking corporation to Kincheng Banking Corporation pursuant to
Bank of China (Hong Kong) Limited (Merger) Ordinance (Cap.1167)
whose registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, Hong Kong.

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 14, 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.

CHOW, GRIFFITHS & CHAN
Solicitors for the Petitioner
Rooms 1902-4, 19th Floor
Hang Seng Building
77 Des Voeux Road Central
Central, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of December 13, 2005.


SUNBO CREATION: Creditors Meeting Set November 16
-------------------------------------------------
Notice is hereby given that pursuant to Section 241 of the
Companies Ordinance (Cap 32) that a meeting of the creditors of
Sunbo Creation Company Limited will be held at Rooms 501-3,
5/F., Hang Seng Building, 77 Des Voeux Road Central, Hong Kong
on November 16, 2005 at 11:00 a.m. for the purposes of
considering matters in relation to Sections 241, 242, 243 244
and 255A of the Companies Ordinance.  

Creditors may vote either in person or by proxy.

Proxies to be used at the meetings must be duly completed and
lodged at Rooms 501-3, 5/F., Hang Seng Building, 77 Des Voeux
Road Central, Hong Kong, not later than 48 hours before the time
appointed for holding the meeting or adjourned meeting.

Dated this 28th day of October 2005

By Order of the Board
ZHONG WEIGUO
Director


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

ANAND PEOPLE'S: Losses License on Insolvency
--------------------------------------------
The Reserve Bank of India has on October 26, 2005 cancelled the
license granted to The Anand People's Co-operative Bank Ltd.,
Anand, Gujarat, in view of the fact that it had ceased to be
solvent.

All efforts to revive it in close consultation with the
Government of Gujarat had failed and the depositors were being
inconvenienced by continued uncertainty.

The Registrar of Cooperative Societies, Gujarat has also been
requested to issue an order for winding up the bank and appoint
a liquidator for the bank. It may be highlighted that on
liquidation every depositor is entitled to repayment of his
deposits up to a monetary ceiling of INR1,00,000 from the
Deposit Insurance and Credit Guarantee Corporation (DICGC).

The Reserve Bank of India decided to cancel the license of the
Anand People's Co-operative Bank Ltd., Anand, Gujarat as a final
step after examining all the options for revival of the bank and
in order to protect the interest of the depositors. The bank had
been classified as 'sick' based on the findings of the
inspection with reference to its financial position as on March
31, 2002 and was placed under directions with effect from August
30, 2002 restricting its operations. The bank's position,
however, continued to worsen. The latest inspection with
reference to its position as on June 30, 2004 revealed further
deterioration in its financial condition and its deposits were
getting eroded as realizable value of paid-up capital and
reserve was in the negative. As the bank did not have a viable
plan of action for revival and the chances of its revival were
remote, the Reserve Bank of India took the extreme measure of
canceling license of the bank in the interest of the bank's
depositors.

Consequent to the cancellation of its license, the Anand
People's Co-operative Bank Ltd., Anand is prohibited from
carrying on `banking business' as defined in Section 5(b) of the
Banking Regulation Act, 1949 (AACS) including acceptance and
repayment of deposits.

CONTACT:

Shri S.Rajgopal,
General Manager, Urban Banks Department,
Reserve Bank of India, Ahmedabad

Postal Address:
Urban Banks Department,
Reserve Bank of India, La Gajjar Chambers,
Ashram Road, P. B. No. 1,
Ahmedabad - 380 009

Telephone: (079) 2658-5184
Fax: (079) 2658-4853
E-mail: ubdahmedabad@rbi.org.in


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

KIANI KERTAS: Deutsche Bank Consortium to Take Over Firm
--------------------------------------------------------
The sale of troubled pulp and paper firm PT Kiani Kertas has
been finalized, with a consortium led by Deutsche Bank to
acquire a 100% stake in the Company as well as the repayment of
its debts, reports Dow Jones.

According to the Indonesian newspaper Bisnis Indonesia, the
consortium will pay IDR2.02 trillion to acquire the Company, and
will also repay its IDR1.72 trillion debt to state lender PT
Bank Mandiri.

Kiani Kertas President Luhut Pandjaitan was quoted as saying
that the takeover agreement would be signed after the Muslim
Idul Fitri holdiay. Bank Mandiri has reportedly asked the
Company to repay its debt by November 2007.

CONTACT:

PT Kiani Kertas
Bidakara Building, 9th Floor
Jl. Gatot Subroto Kav. 71-73
Jakarta, 12870
Indonesia
Phone : +62(021)8379-3211
Fax:    +62(21)8379-3215
Web site: http://www.kiani.com


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

HITACHI LIMITED: Incurs JPY10.9-Bln Loss in First Half
------------------------------------------------------
Hitachi Limited reported a net loss of JPY10.9 billion in the
six months ended September 30, compared with a profit a year
earlier, Bloomberg News reports.

Sales fell to JPY4.413 trillion from JPY4.33 trillion the
previous year.

For a copy of the consolidated financial statements for the
half-year ended September 30, 2005, go to
http://bankrupt.com/misc/tcrap_hitachi103105.pdf

CONTACT:

Hitachi Limited
6-6 Marunouchi 1-Chome
Chiyoda-Ku 100-8280, Tokyo 101-8010
Japan
Phone: +81 3 3258 1111
Fax: +81 3 3258 5480
Web site: http://www.hitachi.com


HITACHI LIMITED: To Set Up Outsourcing Bases in India
-----------------------------------------------------
Hitachi Limited plans to open outsourcing offices in India to
provide software development and systems maintenance services
for corporate clients, AFX News reports.

The company will merge with Satyam, an IT business based in the
south central Indian city of Secunderabad, and Intelligroup, an
Indian-owned U.S. company.

It will open offices in Bangalore and Hyderabad, where the
Indian partners operate, with a combined staff of 200, hoping to
expand to 1,000 workers in 2007.


HITACHI LIMITED: Integrated Company Appoints New CEO
----------------------------------------------------
Hitachi, Ltd., Hitachi Plant Engineering & Construction Co.,
Ltd., Hitachi Kiden Kogyo, Ltd. and Hitachi Industries Co., Ltd.
today announced the appointment of Hitachi Executive Vice
President and Executive Officer Masaharu Sumikawa as the
President and Chief Executive Officer of the new integrated
company to be formed on April 1, 2006.

The new company is being established with the purpose of
strengthening the Hitachi Group's social and industrial
infrastructure systems business. Specifically, plans call for
part of the Public & Municipal Systems Division (machinery-
related systems business) and the majority of the Industrial
Systems Division in Hitachi's Industrial Systems Group to be
separated and transferred to Hitachi Plant.

At the same time, Hitachi Kiden and Hitachi Industries will be
merged into Hitachi Plant, which will continue to operate.
Hitachi, Hitachi Plant, Hitachi Kiden and Hitachi Industries
have also agreed to rename Hitachi Plant, which will continue to
operate, Hitachi Plant Technologies, Ltd., with effect from
April 1, 2006 (the date of the corporate split and merger).

Starting operations on April 1, 2006, Hitachi Plant Technologies
will leverage the combined monozukuri (manufacturing),
engineering and work-site capabilities of the Hitachi Group by
bringing together the engineering, design and production,
construction, service and other functions of the social and
industrial infrastructure systems business, which includes
industrial machinery, large-scale air-conditioning systems,
water treatment systems, industrial plants, cranes and
environmental facilities and systems.

A further announcement will be made concerning other top
executive appointments and matters as soon as they are
determined.

Hitachi, Ltd. (NYSE:HIT/TSE:6501), Hitachi Plant
Engineering & Construction Co., Ltd. (TSE:1970), Hitachi Kiden
Kogyo, Ltd. (TSE:6354) and Hitachi Industries Co., Ltd. today
announced the appointment of Hitachi Executive Vice President
and Executive Officer Masaharu Sumikawa as the President and
Chief Executive Officer of the new integrated company to be
formed on April 1, 2006. The new company is being established
with the purpose of strengthening the Hitachi Group's social and
industrial infrastructure systems business. Specifically, plans
call for part of the Public & Municipal Systems Division
(machinery-related systems business) and the majority of the
Industrial Systems Division in Hitachi's Industrial Systems
Group to be separated and transferred to Hitachi Plant. At the
same time, Hitachi Kiden and Hitachi Industries will be merged
into Hitachi Plant, which will continue to operate.

Hitachi, Hitachi Plant, Hitachi Kiden and Hitachi Industries
have also agreed to rename Hitachi Plant, which will continue to
operate, Hitachi Plant Technologies, Ltd., with effect from
April 1, 2006 (the date of the corporate split and merger).
Starting operations on April 1, 2006, Hitachi Plant Technologies
will leverage the combined monozukuri (manufacturing),
engineering and work-site capabilities of the Hitachi Group by
bringing together the engineering, design and production,
construction, service and other functions of the social and
industrial infrastructure systems business, which includes
industrial machinery, large-scale air-conditioning systems,
water treatment systems, industrial plants, cranes and
environmental facilities and systems.

A further announcement will be made concerning other top
executive appointments and matters as soon as they are
determined.


MEIJI YASUDA: S&P Affirms Rating, Outlook Negative
--------------------------------------------------
Standard & Poor's Ratings Services on Friday affirmed its 'A-'
financial strength and long-term counterparty credit ratings and
'A-1' short-term rating on Meiji Yasuda Life Insurance Co.,
following the Financial Supervisory Agency's (FSA) announcement
of regulatory action against the company for nonpayment of death
and insurance benefits. The outlook is negative.

At the same time, the 'BBB+' financial strength and long-term
counterparty credit ratings on Pacific Guardian Life Insurance
Co. Ltd., the company's U.S. subsidiary, were also affirmed, as
were the respective 'BBB+' and 'BBB-' ratings on FLY 21 Funding
Tokutei Mokuteki Kaisha's Series 1 class A and class B notes.
The notes are supported by kikin funding (a form of subordinated
debt) from Meiji Yasuda and Fukoku Mutual Life Insurance Co. (A-
/Stable/--).

The ratings were removed from CreditWatch, where they were
placed with negative implications on July 6, 2005, following the
insurer's disclosure of improper nonpayment of insurance
benefits.

The FSA on Friday suspended the insurer from selling insurance
policies for two weeks and prohibited it from launching new
products until the insurer reforms its corporate governance
adequately. This is the second administrative penalty imposed by
the FSA this year (the first came in February), and it will
inevitably damage the company's performance over the medium
term. In addition, the suspension of new product launches is
expected to leave the company in a difficult competitive
position. But due to the insurer's strong financial profile, the
FSA's actions will not lead immediately to a downgrade.

The new management of Meiji Yasuda Life Insurance is now pressed
to recover customer confidence in a timely manner. The rating
could come under pressure if the insurer's weakened competitive
position leads to lower performance and profitability. On the
other hand, the outlook could be revised to stable if the
company can reform its compliance and governance, such as
through the appointment of external directors and committee
members.

CONTACT:

Meiji Yasuda Life Insurance Company
1-9-1 Nishi-Shinjuku, Shinjuku-ku
Tokyo 169-8701, Japan
Phone: +81-3-3342-7111
Fax: +81-3-3215-8123


PIONEER CORPORATION: Cuts Plasma Shipment Forecast by 20%
---------------------------------------------------------
Pioneer Corporation has halted two production lines, or 15
percent of its output capacity, for plasma displays and cut its
2005/06 plasma display shipment forecast by 20 percent,
according to Reuters.

The ailing electronics maker is expected to ship 640,000 units
of plasma displays in the year to March 2006, down from its
initial projection of 800,000 units.

The company posted a half-year net loss of JPY12.26 billion
($105.9 million), against a profit of JPY4.81 billion yen a year
earlier.

CONTACT:

Pioneer Corporation, Tokyo
Phone: +81-3-3494-1111
Fax: +81-3-3495-4431
Web site: http://www.pioneer.co.jp/ir-e/


SEIBU RAILWAY: Tsutsumi Brothers Keen on Stake
----------------------------------------------
Two members of the Seibu group founding family plans to acquire
Seibu Railway Co. in a bid to prevent efforts by former Seibu
Railway President Takashi Goto to move the group toward a
holding company structure, Japan Today reports.

Mr. Goto is working with Mr. Yoshiaki Tsutsumi, former Chairman
of Kokudo Corporation, to restructure the Seibu group.

Mr. Yuji Tsutsumi and Mr. Seiji Tsutsumi will bid as much as
JPY560 billion ($4.8 billion) for Seibu Railway Co., challenging
a plan by creditors to sell a stake to Cerberus Capital
Management LP and Nikko Principal Investments Japan Ltd.

CONTACT:

Seiby Railway Co. Ltd.
11-1 Kusunokidai 1-Chome
Tokorozawa 359-8520, Saitama 359-8520
JAPAN  
Phone:+81 42 926 2081
Fax: +81 42 926 2237  
Web site: http://www.seibu-group.co.jp/


TOMEN CORPORATION: Merger Plan Hurts Toyota Tsusho's Ratings
------------------------------------------------------------
Standard & Poor's Ratings Services on Monday placed its 'A-'
long-term corporate credit and senior unsecured debt ratings on
Toyota Tsusho Corp. on CreditWatch with negative implications,
after the company reached a basic agreement to merge with Tomen
Corp. on April 1, 2006.

On October 28, 2005, Toyota Tsusho and Tomen announced their
plan to merge with a share ratio of one Tomen share to 0.069
Toyota Tsusho share. Toyota Tsusho will be the surviving
company.

Toyota Tsusho will purchase all of Tomen's preferred stock, the
bulk of which is currently held by institutions including UFJ
Bank Ltd., by the merger date at a cost of up to JPY80 billion.

"Given Tomen's weak capital structure and the additional
financial burden on Toyota Tsusho for purchase of preferred
stock and writing off goodwill, Toyota Tsusho's financial
profile will inevitably deteriorate, which will have a negative
impact on the ratings," said Standard & Poor's credit analyst
Osamu Kobayashi.

Toyota Tsusho and Tomen have been capital and business tie-up
partners since 2000. Currently, Toyota Tsusho is the largest
shareholder of Tomen, with a 19.71% stake in the company. Under
this partnership, business consolidation measures have already
been made in some areas, including transferring Tomen's
nonferrous metals business to Toyota Tsusho and consolidation of
insurance and other segments. Therefore, business consolidation
on a full scale following the merger is likely to proceed
relatively smoothly. Toyota Tsusho, as a trading firm within the
Toyota group, generates about 80% of sales from automobile-
related business. The merger with Tomen, which has broader lines
such as chemical products, foodstuffs, textiles, and
electronics, will expand Toyota Tsusho's business scope and
diversify profit sources. However, Toyota Tsusho will be
challenged to establish a risk management system to deal with a
wider range of businesses than in the past.

After the merger, Toyota Tsusho's sales from automobile-related
business is expected to drop to 50%-60%. However, there will be
no substantial change in the company's important position as the
trading company within the Toyota group, or its business
structure, which has intermediary businesses as its pillar.
Meanwhile, it is still uncertain how the merged company will
improve its financial profile, which will likely deteriorate
following the merger.

"The key issues in resolving the CreditWatch placement following
the merger will be the extent of deterioration in Toyota
Tsusho's capital structure, the financial burden, the prospects
for improvement in its financial profile, and its growth
strategy after consolidating Tomen's business franchise," said
Mr. Kobayashi. "The ratings on Toyota Tsusho have already
incorporated the risk from consolidation with Tomen to a certain
extent, and although the company's financial profile is expected
to be hit relatively hard from the merger, the ratings will be
supported by the position and importance of Toyota Tsusho as a
trading company within the Toyota group. As such, any downgrade
is likely to be within one notch."

CONTACT:

Tomen Corporation
8-1, Marunouchi 3-chome
Chiyoda-ku, Tokyo
100-8320, Japan
Phone: 81-3-5288-2111
Fax: 81-3-5288-9100


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

CITIBANK KOREA: Workers Union to Stage Strike this Week
-------------------------------------------------------
Unionists at Citibank Korea Inc. decided to launch a one-day
strike this week to warn against the bank's alleged
discrimination against former KorAm Bank Employees, Asia Pulse
relates citing Yonhap News Agency.

Citibank Korea, launched in November last year, is a merger
between the local banking unit of U.S.-based financial giant
Citigroup and KorAm, then the country's seventh-largest lender.

About 2,600 unionized workers will take part in the walkout on
Wednesday.  The participants account for about two-thirds of
Citibank Korea's workforce of slightly over 2,900, the union
representing former KorAm workers said.

The union will ask the bank to eliminate promotion
discrimination against former KorAm employees.

The union also calls for reducing a gap in severance payments
with employees of the now defunct banking unit and improving
working conditions for temporary workers.

The merger of the two banks did not integrate the unions.  
Citibank Korea recognizes the former KorAm union as an
independent labor group.

CONTACT:

Citigroup PAO Office
Citibank Korea Inc.
39, Da-Dong, Chung-gu
Seoul, Korea 100-180
Telephone: 82-2-3455-2114
Fax: 82-2-3455-2966

Media Matters
Sun-Oh Park
Telephone: 82-2-3455-2340

Administrative Matters
Kun-Sang Kim
Telephone: 82-2-3705-0609


CITIBANK KOREA: Mulls LG Card Purchase
--------------------------------------
Citibank Korea Inc. has expressed interest to buy LG Card Co.
from Korea Exchange Bank, Asia Pulse reveals.

According to Ha Yung-gu, head of Citibank Korea, it is not
closing its doors on acquiring LG Card, especially it the
takeover aids Citibank's growth.  

Citibank Korea reported a third-quarter net profit of KRW370
billion, which constitutes 86 percent of its 2005 target of
KRW430 billion.

LG Card had KRW9.6 trillion worth of assets, accounting for 18.7
per cent of those of domestic card firms, as of the end of June
and a customer base of 9.5 million.

South Korean lenders such as Shinhan Financial Group Co. and
Woori Finance Holdings Co. have shown intentions to buy a 51-
percent stake from creditors such as state-run Korea Development
Bank as the card company's businesses are slowly getting back on
track.

LG Card was rescued from bankruptcy in early 2004 through a KRW5
trillion debt-for-equity swap.  Creditors are aiming to sell LG
Card for at least KRW4.5 trillion.


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

CHG INDUSTRIES: Court Extends Restraining Order
-----------------------------------------------
CHG Industries Berhad (CHG), CHG Plywood Sdn Bhd and Cheng Hin
Timber Industries Sdn Bhd (collectively known as CHG GROUP)
issued to Bursa Malaysia Securities Berhad an update to the
Kuala Lumpur High Court Ex-Parte Originating Summons No. D7-24-
181-2004 Restraining Order pursuant to Section 176(10) of the
Companies Act, 1965.

Further to the announcement dated July 28, 2005 in respect of
the above matter, the Company advised that the Kuala Lumpur High
Court has extended the Restraining Order pursuant to Section
176(10) of the Companies Act, 1965 for a further period of
ninety (90) days from October 26, 2005 to January 23, 2006 to
facilitate the implementation of the Proposed Debt and Corporate
Restructuring Scheme.

CONTACT:

CHG Industries Berhad
8th Mile Jalan Cheras
Cheras, Selangor Darul Ehsan 43200
Malaysia
Telephone: +60 3 907 58811
Telephone: +60 3 907 66215


HUME INDUSTRIES: Buys Back Ordinary Shares
------------------------------------------
Hume Industries (Malaysia) Berhad furnished Bursa Malaysia
Securities Berhad a notice of shares buy back with the following
details:  

Date of buy back from: October 24, 2005

Date of buy back to: October 26, 2005

Total number of shares purchased (units): 264,000

Minimum price paid for each share purchased (MYR): 4.780

Maximum price paid for each share purchased (MYR): 4.800

Total amount paid for shares purchased (MYR): 1,267,020.00

The name of the stock exchange through which the shares were
purchased: The Main Board of Bursa Securities

Number of shares purchased retained in treasury (units): 264,000

Total number of shares retained in treasury (units): 7,448,000

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

Total issued capital as diminished: Not applicable

Date lodged with registrar of companies: October 28, 2005

Lodged by: HLI-HUME Management Co Sdn Bhd

CONTACT:

Hume Industries (Malaysia) Berhad
18 Jalan Perak
Level 8, Wisma Hong Leong
Kuala Lumpur 50450
Malaysia  
Telephone: +60 3 2164 2631
Fax: +60 3 2164 2514  


INTAN UTILITIES: Releases Default Summary
-----------------------------------------
Further to the announcement dated September 28, 2005 and
pursuant to Paragraphs 9.02 and 9.04 (1) of the Listing
Requirements and Practice Note No. 1/2001, the Board of
Directors of Intan Utilities Berhad furnished Bursa Malaysia
Securities Berhad a summary of the borrowings in default and the
steps taken to address the defaults by IDS Electronics Sdn. Bhd.
and IDS Technology Sdn Bhd, 70 percent effectively owned
subsidiaries of Intan Utilities Berhad.

Click to view details of borrowings in default
http://bankrupt.com/misc/IntanUtilitiesDefaultOct05.xls

CONTACT:

Intan Utilities Berhad
11th Floor Menara Berjaya,
KL Plaza, 179 Jalan Bukit Bintang,
55100 Kuala Lumpur
Telephone: 03-2935 8888
Fax: 03-29358043
Web site: http://www3.jaring.my/intan


JIN LIN: Seeks Revision of Proposed Restructuring Scheme
--------------------------------------------------------
In compliance with PN4 paragraph 4.1 (b) of the Bursa Securities
Listing Requirements which requires an affected listed issuer to
announce the status of its plan to regularize its financial
condition on a monthly basis until further notice from Bursa
Securities, Jin Lin Wood Industries Berhad (JLWIB) informed
Bursa Malaysia Securities Berhad that Avenue Securities Sdn Bhd,
on behalf of JLWIB and the White Knight involved in the Proposed
Restructuring Scheme of JLWIB, had on October 11, 2005 submitted
an appeal letter to the Securities Commission (SC) for revision
of certain conditions contained in SC's letter of approval of
the Proposed Restructuring Scheme.

This announcement is dated 28 October 2005.

CONTACT:

Jin Lin Wood Industries Bhd
Phone: 60 3 2710 5555
Fax: 60 3 2710 3108
E-mail: jlwood@po.jaring.my


KIG GLASS: Terminates 141 Employees  
-----------------------------------
The Board on behalf of KIG Glass Industrial Berhad advised Bursa
Malaysia Securities Berhad that it has terminated with effect
from October 26, 2005, 141 employees save for 36 clerical,
technical and management staff.

This announcement is essentially to inform the public of a
material development in the Company's operations.

CONTACT:

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


K.P. KENINGAU: Default Figure Hits MYR40,957,459.87
---------------------------------------------------
In compliance with Bursa Malaysia Securities Berhad Practice
Note 1/2001, K.P. Keningau Bhd (KPK) provided an update on its
default in payments status as at September 30, 2005 per
attachment in Appendix A.

To view a full copy of Appendix A, click
http://bankrupt.com/misc/K.P.Keningau103105.doc

Total defaults by KPK and its subsidiaries on principal sums
plus accrued interest as at September 30, 2005 amounted to
MYR40,957,459.87. The defaulted amounts owed to financial
institutions are in respect of past banking facilities, which
comprised of trade financing, term loans, revolving creditors
and overdrafts.

Current status of legal claims is as follows:

On RHB Suit No: K22-32-2005, the Court has given direction for
written submissions and fixed the date for ruling/decision on
February 17, 2006. On UOB Writ of Summons and Statement of
Claims re Suit No: K22-165-2004 and K22-169-2004 respectively,
the Defendants' appeals will be heard and for decision on
October 16, 2006. Also, re the above two UOB cases, the
Defendants' Stay Applications have been fixed on 30 December
2005 for decision. Lastly, on UOB Suit No: K22-164-2004 the
Plaintiff's summary judgment application has been set for a
decision hearing on December 9, 2005.

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

This announcement is dated 28 October 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


KRETAM HOLDINGS: Unit Disposes of Dormant Subsidiary
----------------------------------------------------
Kretam Holdings Berhad (KHB) informed Bursa Malaysia Securities
Berhad that Innosabah Securities Berhad (ISB), a wholly owned
subsidiary of KHB, has disposed Innosabah Properties Sdn Bhd
which is a wholly owned dormant subsidiary of ISB, for a cash
consideration of MYR2.00.

The above disposal will not have any material effect on the
share capital, earnings and net tangible assets of KHB.

None of KHB's Directors nor substantial shareholders has any
interest, direct or indirect in the above disposal.

CONTACT:

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


LITYAN HOLDINGS: Submission of Restructuring Scheme Nears
---------------------------------------------------------
Further to the announcement on September 30, 2005, Lityan
Holdings Berhad (LHB) furnished 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 October 31, 2005, as detailed in Table A
below:

Click to view a full copy of Table A
http://bankrupt.com/misc/LityanHoldingsTableA311005.doc

LHB is in the midst of submitting its Proposed Restructuring
Scheme to the authorities for approval and had commenced
discussion with the lenders on the Scheme of Arrangement.

LHB is concurrently also 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 cash flow for settlement of defaults and
redemption of loans.

File for upload

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: Purchases Ordinary Shares
---------------------------------------------
Magnum Corporation Berhad submitted to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:  

Date of buy back: October 28, 2005

Description of shares purchased: Ordinary shares of MYR0.50 each

Total number of shares purchased (units): 108,300

Minimum price paid for each share purchased (MYR): 1.940

Maximum price paid for each share purchased (MYR): 1.970

Total consideration paid (MYR):  

Number of shares purchased retained in treasury (units): 108,300

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

Cumulative net outstanding treasury shares as at to-date
(units): 70,151,700

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

CONTACT:

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

MAXBIZ CORPORATION: Unit Served with Summons
--------------------------------------------
On October 28, 2005, Mayford Garments Sdn. Bhd. (MGSB), a
subsidiary of Maxbiz Corporation Berhad (Maxbiz), has been
served with a Summon and Statement of Claim by Nikko Enterprise
Sdn. Bhd. (Nikko).

Nikko (Plaintiff) is claiming from MGSB (Defendant) for the
following:

(a) The sum of MYR10,933.20 being the purchase price of goods
sold and delivered to the Defendant;

(b) Interest on the sum of MYR10,933.20 at the rate of 8 percent
per annum from August 1, 2005 until the date of full settlement;

(c) Cost; and

(d) Other relief that the Honourable Court deems fit and
reasonable.

The Company will make payment to the Plaintiff in respect of the
claims in due course.

This announcement is dated 28 October 2005.


MBF HOLDINGS: Summary Judgment Fixed for Mention December 7
-----------------------------------------------------------
MBf Holdings Berhad (MBfH) advised Bursa Malaysia Securities
Berhad that on October 27, 2005, MBf Leasing Sdn Bhd's (the
Defendant) application for summary judgement against MBf
Printing Industry Sdn Bhd and MBfH via Kuala Lumpur High Court
Suit No.D6-22-1599-2004 had been further fixed for mention on
December 7, 2005.

Yours faithfully,

For and on behalf of
MBf Holdings Berhad
Ding Lien Bing
Company Secretary
28 October 2005

CONTACT:

Mbf Holdings Berhad
No 8 Jalan Yap Kwan Seng
50450 Kuala Lumpur, Selangor Darul Ehsan 46150
Malaysia
Telephone: +60 2167 8000
Fax: +60 2164 6985


OLYMPIA INDUSTRIES: Unlikely to Submit Rehab Plan on Time
---------------------------------------------------------
In view of the delay in response from the lenders, the Board of
Directors (Board) of Olympia Industries Berhad (OIB) informed
Bursa Malaysia Securities Berhad it is of the opinion that the
Company may not be able to complete the Restructuring Scheme by
December 31, 2005.

In relation thereto, the Board set out below the current status
of the major outstanding events.

Click to view detail of the current status of major outstanding
events
http://bankrupt.com/misc/OlympiaIndustriesBerhad103105.doc

The Company plans to seek the SC's approval for an extension of
time upon execution of the trust deeds/deed poll, other
creditors' agreements and the underwriting agreement.

Subject to the completion of items (i) and (ii) by November 30,
2005, the Board will work towards completing the Restructuring
Scheme before March 31, 2006.

This announcement is dated 28 October 2005.

CONTACT:

Olympia Industries Bhd.
Malaysia
Phone: 60 3 2070 0033
Fax: 60 3 2070 0011
E-mail: olympia@oib.com.my


PANTAI HOLDINGS: New Shares Up for Listing, Quotation
-----------------------------------------------------
Pantai Holdings Berhad advised that its additional 883,600 new
ordinary shares of MYR1.00 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation by Bursa Malaysia Securities Berhad with effect from
9:00 a.m., Wednesday, November 2, 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


POH KONG: Bourse to List, Quote ICULS
-------------------------------------
Poh Kong Holdings Berhad advised that its additional 3,100 new
ordinary shares of MYR1.00 each arising from the conversion of
MYR4,960 Nominal Value Irredeemable Convertible Unsecured Loan
Stocks 2004/2007 will be granted listing and quotation by Bursa
Malaysia Securities Berhad with effect from 9:00 a.m.,
Wednesday, November 2, 2005.


PROMTO BERHAD: RO Extended for 90 Days
--------------------------------------
The Board of Directors of Promto Berhad informed Bursa Malaysia
Securities Berhad that the Company was on October 28, 2005
granted an extension for a further period of 90 days effective
October 25, 2005 to January 23, 2006 for the Restraining Order
(RO) pursuant to Section 176(10) of the Companies Act, 1965.

The Company does not expect the RO to have any material effect
on the financial and operational matters of the Company.

This announcement dated 28 October 2005.

CONTACT:

Promto Berhad
Lot 13A-2, Level 13A
Menara Milenium
Jalan Damanlela
Damansara Heights
50490 Kuala Lumpur
Telephone: 03-271 02332
Fax: 03-271 02662
Web site: http://www.promto.com


SAAG CONSOLIDATED: SC OKs Private Placement of Shares
-----------------------------------------------------
Further to our announcement dated October 18, 2005, Hwang-DBS
Securities Berhad (Hwang-DBS), on behalf of the Board of
Directors of SAAG Consolidated (M) Bhd (SAAG), advised Bursa
Malaysia Securities Berhad that the Securities Commission (SC)
has, via its letter dated October 26, 2005 (which was received
on October 28, 2005), approved the:

(i) Proposed private placement of up to 4,467,500 new ordinary
shares of MYR1.00 each in SAAG (SAAG Shares), representing 10%
of the issued and paid-up share capital of SAAG (Proposed
Private Placement); and

(ii) Listing of and quotation for the new SAAG Shares to be
issued pursuant to the Proposed Private Placement on the Second
Board of the Bursa Malaysia Securities Berhad (Bursa
Securities).

The approval of the SC in respect of the Proposed Private
Placement is subject to the following conditions:

(i) SAAG should submit information on the placees to the SC;

(ii) At least 30 percent of the placement shares should be
placed out to Bumiputera investors;

(iii) Hwang-DBS should inform the SC upon the completion of the
Proposed Private Placement; and

(iv) Hwang-DBS/SAAG should fully comply with the Policies and
Guidelines on Issue/Offer of Securities issued by the SC in
implementing the Proposed Private Placement.

This announcement is dated 28 October 2005.

CONTACT:

SAAG Consolidated (M) Berhad
Unit 19-5, Block C1, Dataran Prima, Jalan PJU 1/41
47301 Petaling Jaya, Selangor Darul Ehsan
Telephone: 603 7884 8200
Fax: 603 7880 7958
Media Inquiries: rraveena@commsuite.com.my


SBBS CONSORTIUM: Posts No Changes to Payment Default Status
-----------------------------------------------------------
Further to the announce made by SBBS Consortium Berhad on
September 30, 2005 in relation to the status of default in
payment pursuant to PN 1/2001, the Board of Directors of the
Company informed Bursa Malaysia Securities Berhad that there is
no significant change in the status of default in payment to
lenders since then.

The Company had already taken steps towards rectifying the
default in payment by working on a debt-restructuring scheme
(the Scheme) under Section 176 of the Companies Act, 1965. The
Board of Directors of the Company will make available to Bursa
Malaysia Securities Berhad the current status of the Scheme from
time to time.

CONTACT:

SBBS Consortium Berhad   
No. 1 - 4, Jalan 1/114,
Kuchai Business Centre, Jalan Kuchai Lama,
Kuala Lumpur Wilayah Persekutuan 58200
Malaysia
Telephone: 03-79825188   
Fax: 03-79813551


TA ENTERPRISE: Drops Proposed Shares Buy Back
---------------------------------------------
Ta Enterprise Berhad (TAE) provided Bursa Malaysia Securities
Berhad with an update to the proposed share buy back of up to 10
percent of the issued and paid-up share capital of the company.

The Company had on June 2, 2005 announced that it will seek the
approval of its shareholders to adopt and to implement a share
buy back scheme where the Company shall be authorized to
allocate an amount not exceeding the total audited share premium
reserve and retained profits of the Company to undertake the
purchase of TAE shares on Bursa Malaysia Securities Berhad
(Bursa Malaysia) of up to ten percent (10 percent) of the issued
and paid-up share capital of TAE (Proposed Share Buy Back).

Following the announcement on the Proposed Share Buy Back, the
Company had on July 20, 2005 announced the proposed acquisition
of eight (8) adjoining lots of freehold land in Selangor by Indo
Aman Bina Sdn Bhd (Indo Aman), a wholly owned subsidiary of TAE
from Sri Damansara Sdn Bhd (Sri Damansara) for a total cash
consideration of MYR109,887,735.00.

Subsequently, the Company had on September 16, 2005 announced
the proposed acquisition of fourteen (14) pieces of freehold
land and three (3) pieces of adjoining state land to be
alienated in Kuala Lumpur by Astra Dinamik Sdn Bhd (Astra
Dinamik), a wholly owned subsidiary of TAE from Ambang Vista Sdn
Bhd for a total cash consideration of MYR61,268,750.00 and the
proposed acquisition of five (5) pieces of freehold land in
Kuala Lumpur by Astra Dinamik from Sze Choon Holdings Sdn Bhd
for a total cash consideration of MYR22,448,125.00.

The Company had earlier announced on May 20, 2005, the proposed
acquisition of two (2) parcels of freehold land in Selangor by
Indo Aman from Sri Damansara for a total cash consideration of
MYR79,657,835.00.

In view of the above proposed acquisitions of land that are
pending completion and are expected to utilize a significant
portion of the Company's excess funds, the Board of Directors of
TAE (The Board) opine that it is not practical to implement the
Proposed Share Buy Back at this juncture.

The Board therefore announced that the Company will not proceed
with the Proposed Share Buy Back.

This announcement is dated 28 October 2005.

CONTACT:

TA Enterprise Berhad
No 22 Jalan P Ramlee
50250 Kuala Lumpur, 50250
Malaysia
Telephone: +60 3 2072 1277
Fax: +60 3 2031 6608

  
TAP RESOURCES: Sets Out Resolutions Passed at AGM
-------------------------------------------------
Tap Resources Berhad unveiled to Bursa Malaysia Securities
Berhad the resolutions passed at the Tenth Annual General
Meeting (AGM).

The company informed the Exchange that all the Ordinary
Resolutions including the following resolution (Special
Business) as set out in the notice of the AGM dated October 6,
2005, were passed at the meeting held this morning, Friday,
October 28, 2005:

Approval for issuance of shares pursuant to Section 132D of the
Companies Act, 1965

"THAT pursuant to Section 132D of the Companies Act, 1965, and
subject always to the approvals of the relevant governmental
and/or regulatory authorities, the Directors be and are hereby
empowered to issue shares in the Company at any time, at such
price, upon such terms and conditions and for such purposes and
to such person or persons whomsoever as the Directors may, in
their absolute discretion deem fit, provided that the aggregate
number of shares to be issued does not exceed 10% of the issued
share capital of the Company for the time being AND THAT the
Directors be also empowered to obtain the approval from the
Bursa Malaysia Securities Berhad for the listing and quotation
for the additional shares so issued AND THAT such authority
shall continue to be in force until the conclusion of the next
Annual General Meeting of the Company."

This announcement is dated 28 October 2005.

CONTACT:

Tap Resources Berhad
No. 18, Block B,
Jalan 1/89B (Seksyen 92A),
Batu 3 1/2 Off Jalan Sungei Besi,
57100 Kuala Lumpur
Malaysia
Phone: 03-79823388
Fax: 03-79811329


TENCO BERHAD: Still No Development on Payment Default Status
------------------------------------------------------------
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
September 30, 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
=====================

ATLAS CONSOLIDATED: Raising US$170 Mln for Carmen Project
---------------------------------------------------------
Atlas Consolidated Mining and Development Corporation is now
working to raise around US$170 million to expand and develop its
Carmen copper project, The Manila Bulletin relates.

Atlas is reportedly stepping up efforts to develop its once idle
projects because of the recent change in the prospects for the
country's mining industry.

The mining firm's wholly owned subsidiary Carmen Copper Corp.
recently announced plans to go public. Its application to list
is still pending with the Philippine Stock Exchange.

Atlas Mining, on the other hand, was established through the
merger of assets and equities of three Soriano-controlled pre-
war mines, the Masbate Consolidated Mining Company, IXL Mining
Company and the Antamok Goldfields Mining Company.

The company is engaged in mineral and metallic mining and
exploration that primarily produces copper concentrates and gold
with silver and pyrites as major by-products. Its subsidiary,
ACMDC Ventures, Inc. (AVI) is 79 percent-owned and is engaged in
construction and engineering works.

The Company's copper mining operations, which started commercial
operations in 1955, are centered in Toledo City, Cebu where two
open pit mines, two underground mines and milling complexes
(concentrators) are located.

The Cebu copper mine ceased operations in 1994. Activities after
the shutdown have been limited to safeguarding and maintaining
the property, plant and equipment at the mine site. The Masbate
gold mine, meanwhile, was sold to Base Metal Minerals Resources
Corporation in 1996.

CONTACT:

Atlas Consolidated Mining and Development Corporation
7/F, Quad Alpha Centrum
125 Pioneer St., Mandaluyong City
Phone No:  635-2387/4495
Fax No:  633-3759; 634-2312
E-mail: acmdcmla@info.com.ph


BAYAN TELECOMMUNICATIONS: Teams Up with ePLDT
---------------------------------------------
Lopez-owned Bayan Telecommunications (BayanTel) has forged an
alliance with PLDT's information and communications technology
firm EPLDT, in a bid to enhance their respective services, The
Philippine Star has learned.

The partnership will pave the way for BayanTel to expand its
menu-added services by offering some of the mobility solutions
of ePLDT such as Hosted Exchange and Mobile Exchange.

Hosted Exchange is a hosted e-mail solution that not only allows
end-users to send and receive their corporate e-mail from
practically any Internet-connected computer, but also enables
them to access their calendar and share schedules and contact
lists with other team members.

Mobile Exchange is a push-based mobile e-mail solution that
provides the ability to conveniently access desktop e-mail from
a mobile device, in real-time. It allows easy, fast, and highly
secure access to ones existing corporate e-mail account through
a compatible mobile phone or PDA.

ePLDT, on the other hand, expands the nationwide coverage of
their content by expanding their Internet peering with BayanTel.
Additionally, e-PLDT customers gain more choices in selecting
their Telecom connectivity provider.

The contract signing ceremony was participated in by top
executives from ePLDT led by President and CEO Ray Espinosa, COO
and First Vice President Helen Marquez and Partner Management
Group Head Gina Nebrida. BayanTel was represented by Chief
Executive Consultant Tunde Fafunwa, Vice President for Product
Development and Management Joevel Rivera, and Vice President for
Corporate and Business Markets Sherry Ann Supelana.

CONTACT:

Bayan Telecommunications Inc.
Investor Relations
3/F BayanTel Corporate Center
Maginhawa corner Malingap Streets
Teacher's Village East, Diliman
Quezon City 1101, Philippines
Fax: (632) 449-2174
Web site: http://www.bayantel.com.ph


FASTECH SYNERGY: Results Remain in the Red
------------------------------------------
Fastech Synergy Ltd announced its financial results for the
Quarter ending 30 September 2005.

The Group registered a turnover of US$3.1 million for the
quarter ending 30 September 2005, compared to US$3.7 million
turnover in the sequential quarter, and US$5.7 million in same
quarter last year, primarily due to lower volume in the current
period.

Gross loss of US$605,000 was registered for the third quarter
2005, compared to gross loss of US$422,000 for the previous
quarter and gross profit of US$290,000 for the same period last
year. The higher gross loss for Q3 2005 was mainly due to the
lower revenue registered during the period.

Net loss after tax for Q3 2005 was registered at US$1.4 million,
compared to the net loss after tax of US$1.6 million for the
sequential quarter, and net loss after tax of US$940,000 for the
same period last year.

A copy of the firm's third quarter results is available at:
http://bankrupt.com/misc/tcrap_fasttechsynergy103105.pdf

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: JBIC Gives Green Light to Masinloc Sale
-------------------------------------------------------
The Japan Bank for International Cooperation (JBIC) has finally
authorized the sale of National Power Corporation's (Napocor)
Masinloc facility, reports The Philippine Daily Inquirer.

It took around one year for JBIC to issue its consent to the
sale. The Asian Development Bank and the World Bank issued their
consents in July and September, respectively.

The lender likewise gave its nod to the transfer of the power
plant to YNN Pacific, which won the auction with a US$561.7-
million bid.

The completion of all required creditor consents for the sale of
the 600-megawatt coal-fired power plant meant that the
government could already request the transfer of the required
40-percent upfront payment of AU$222.8 million to the national
government.

The Power Sector Assets and Liabilities Management Corp.
(PSALM), which is tasked to handle Napocor's privatization, is
now working on getting the three major creditors to issue
"universal consents" for the transfer of Napocor's assets to
winning bidders in the future.

Under the current set-up, PSALM has to seek the Napocor
creditors' consent before it can transfer each of the sold
assets to their respective winning bidders.

With a universal consent, however, winning bidders would not
have to wait that long, enabling them to immediately take charge
of the asset they had bought.

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/


RFM CORPORATION: SEC Approves Amendment to By-Laws
--------------------------------------------------
This in reference to Circular for Brokers No. 4015-2005 dated
September 1, 2005, pertaining to the approval by the Board of
Directors and stockholders of RFM Corporation of the amendments
to its amendments to its Articles of Incorporation and By-Laws.

In relation thereto, the Company, in a letter dated October 27,
2005 advised the Exchange that:

"On October 26, 2005, the Securities and Exchange Commission
approved the Amendment of the Articles of Incorporation of RFM
Corporation, particularly, Articles (sic) Sixth reducing the
number of the Board of Directors from Fifteen (15) to Eleven
(11) and the Amendment of By-Laws, particularly, Article XVII.
COMMITTEES, to comply with the Manual of Corporate Governance of
RFM Corporation."

Copies of the Certificates of Filing of Amended Articles of
Incorporation and Amended By-Laws issued by the Securities and
Exchange Commission (SEC) may be viewed at:
http://bankrupt.com/misc/tcrap_rfmcorp103105.pdf.

CONTACT:

RFM CORPORATION
RFM Corporate Center,
Pioneer corner Sheridan Streets,
Mandaluyong City 1550,
Metro Manila, Philippines
Telephone: (63-2) 631-8101
Facsimile: (63-2) 631-5094
Web site: http://www.rfm.com.ph


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

CREATIVE TECHNOLOGY: Pays Dividend to Creditors
-----------------------------------------------
Creative Technology announced that for the current financial
year ending June 30, 2006, an ordinary tax-expemt dividend of
USD0.25 per ordinary share has been declared.

Based on the Oct. 27, 2005 exchange rate of SGD1.62 to USD1.00
and a par value of SGD0.25 per ordinary share, the dividend rate
is 169.2% for the ordinary dividend.

Creditors must prove their debts or claims by Nov. 16, 2005, in
order to benefit from the dividend payment, to be made on Dec.
2, 2005.

Ng Keh Long
Company Secretary
Oct. 28, 2005

CONTACT:

Creative Technology Limited
Phone: 65 6895 4100
Web site: http://www.creative.com


EI-NETS LIMITED: Increases Shares Capital
-----------------------------------------
Ei-Nets Limited refers to its announcements on Oct. 13, 2005 and
Oct. 25, 2005 on the placement and in-principle approval of the
Singapore Exchange Securities Trading Limited for the listing
and quotation of 38,000,000 new ordinary shares of SGD0.01 each
in the Company's Capital.

The Company announces that it completed the shares placement on
Oct. 27, 2005; the share capital of Ei-Nets Limited has
therefore increased from SGD7.42 million divided into 742
million shares of SGD0.01 par value to SGD7.8 million divided
into 780 million shares. The additional shares were listed and
quoted on the Singapore Exchange on Oct. 28, 2005.

BY ORDER OF THE BOARD
Ngo Gim Kang
Executive Chairman
Dated: Oct. 28, 2005

CONTACT:

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


EI-NETS LIMITED: Clarifies Auditor's Report on Financial Results
----------------------------------------------------------------
Ei-Nets Limited refers its auditor's report for the financial
year ended June 30, 2005.

At the request of the Audit Committee, the auditors perofrmed
additional audit work after its audit report on Oct. 14, 2005,
on the Company's financial statements for the year ended June
30, 2005 in respect of the matter set out in Paragraph 3 of
their audit report and Note 7 to the financial statements with
regards to RMB2,500,000 received from a related party, who is
also a potential investor in the shares of the Company which was
paid into the personal bank account of a director of the
Company.

In conjunction with the additional audit work performed, the
auditors have been provided with adequate documentary evidence
and explanations in relation to the transactions mentioned in
Paragraph 3 of their audit report. At the conclusion of the
additional audit work performed, the auditors have reported to
the Audit Committee that they are now satisfied with the
validity, accuracy and completeness of the transactions
mentioned in Paragraph 3 of their audit report. Adjustments
arising from the above required to be made to the financial
statements have also been determined to be insignificant.

By Order of the Board
Liau Beng Chye
Deputy Executive Chairman
Dated: Oct. 29, 2005


GREATRONIC LIMITED: Primepartners Demands SG$49,066 Payment
-----------------------------------------------------------
Greatronic Limited announced that on Oct. 28, 2005, the Company
collected a statutory notice of demand dated Oct. 17, 2005 sent
by Infinitus Law Corporation ("Infinitus") to the Company.

The Company was notified in the Notice of Demand that Infinitus
is acting on behalf of PrimePartners Corporate Finance Pte
Limited.

The Notice of Demand was for the payment of sums amounting to
SGD49,066.50 for professional fees charged by PrimePartners for
the period from March 2005 to June 2005.

The Company was also notified that if payment of the aforesaid
amount was not made to Infinitus within 21 days from the date of
the Notice of Demand, the Company will be deemed to be unable to
pay the debt under Section 254(2) of the Companies Act.

Infinitus further stated in the Notice of Demand that
PrimePartners may present a petition to the Singapore High Court
of the Republic of Singapore under Section 254(1)(e) of the
Companies Act, pursuant to which the Company may be compulsorily
wound up.

The Company's directors are currently negotiating a settlement
with its major creditors, whereby the repayment of debt will be
in the form of new shares in the Company. Shareholders will be
notified of any further material development in the matters.

By Order of the Board
James Hong Gee Ho
Chairman
Oct. 28, 2005

CONTACT:

Greatronic Limited
101 Cecil Street
#10-07 Tong Eng Building
Singapore 069533
Phone: 65 6225 0560
Fax:   65 6225 0562


JIL COMPONENTS: Court Orders Winding Up
---------------------------------------
In the matter of JIL Components Singapore Pte Limited, the
Singapore High Court issued a winding up order against the
Company on Oct. 21, 2005, with the following details:

Name and address of Liquidator: Mr. Teh Tatt Wah
Ong Teh & Co.
89 Short Street
#10-02 Golden Wall Centre
Singapore 188216

Dated this 25th day of October 2005


LINDETEVES-JACOBERG: Court OKs Proposed Restructuring Scheme
------------------------------------------------------------
Lindeteves-Jacoberg Limited announced that the Court sanctioned
its Scheme of Arrangement (relating to a proposed investment by
ATB Austria Antriebstechnik AG and the Company's proposed debt
restructuring exercise) on Oct. 28, 2005.

Subject to lodgment of a copy of the Court Order of Court with
the Accounting and Corporate Regulatory Authority of Singapore,
the Scheme of Arrangement will become effective upon
satisfaction of the conditions precedent thereunder.

Once the Scheme is effected, the Company will release a further
announcement to update on the matter.

CONTACT:

Lindeteves-Jacoberg Limited
238A Thomson Road
Singapore 307684
Phone: 65 6383 4248
Fax:   65 6383 4068


NATSTEEL LIMITED: Sells Shares in Unit
--------------------------------------
Natsteel Limited announced that on Oct. 28, 2005, the Company
entered into a sale and purchase agreement with Mr. Lee Lin Poey
and Mr. Lee Heng Thiam in connection with the sale of 60 million
shares in the capital of Lee Metal Group Ltd (representing
16.67% of the issued share capital of Lee Metal Group Ltd) to
the Purchasers at an aggregate consideration of SGD6 million
(the "Sale").

Completion of the Sale is scheduled to take place in two equal
tranches of 30 million shares each, the first tranche expected
to be completed by the end of 2005, and the second tranche six
months thereafter. Of the 60 million shares, Mr. Lee Lin Poey
will be acquiring 55 million shares and Mr. Lee Heng Thiam will
be acquiring 5 million shares.

The shares sale is not expected to affect the Company's net
tangible assets/earnings per share.

By Order of the Board

Lim Su-Ling
Company Secretary
28 October 2005

CONTACT:

Natsteel Limited
77 Robinson Road
#27-00 SIA Building
Singapore 068896
Phone: 65 6536 1000
Fax:   65 6536 1008
Web site: http://www.nsl.com.sg/


PKA INTERNATIONAL: Court to Hear Winding Up Petition Nov. 4
-----------------------------------------------------------
Notice is hereby given that Or Shiet Teng Jocelyn, a creditor of
PKA International Pte Limited presented a winding up petition
against the Company to the Singapore High court on Oct. 7, 2005.

The Petition is directed to be heard before the Court sitting at
Singapore on Nov. 4, 2005, 10:00 a.m.

Any Company creditor or contributory desiring to support or
oppose the making of an order on the Petition may appear at the
time of hearing by himself or his counsel for that purpose.

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

The Petitioners' address is at c/o 10 Anson Road, #16-16
International Plaza, Singapore 079903.

The Petitioners' solicitors are Messrs Genesis Law Corporation
of 112 Robinson Road, #07-02 HB Robinson, Singapore 068902.

Genesis Law Corporation
Solicitors for the Petitioners

Note:

Any person who intends to appear at the hearing of the said
Petition must serve on or send by post to the solicitors Genesis
Law Corporation notice in writing of his intention to do so. The
notice must state the name and address of the person, or, if a
firm, the name and address of the firm, and must be signed by
the person or firm, or his or their solicitor (if any) and must
be served, or, if posted, must be sent by post in sufficient
time to reach the solicitors not later than 12:00 p.m. of Nov.
3, 2005 (the day before the appointed date for the hearing of
the Petition).

CONTACT:

PKA International Pte Limited
80 Genting Lane, #10-04 Genting Block
Singapore 349565
Phone: 65 6844 0218
Fax:   65 6844 0216


UNITED FIBER: Indonesian Court Upholds Unit's Concession Right
--------------------------------------------------------------
United Fiber System Limited refers to its previous announcements
in relation to the forest concession right held by PT Hutan
Rindang Banua (PT HRB) (previously known as PT Menara Hutan
Buana), an indirect subsidiary of the Company, for the pulp
industrial timber estate on approximately 268,585 hectares
forest area in South Kalimantan, Indonesia.

The Company announces that the Supreme Court of the Republic of
Indonesia rejected the application by the former Minister of
Forestry to uphold the decree issued by the Minister to revoke
the Concession Right.

By Order of the Board
Kishore Dass
Chief Executive Officer
Oct. 28, 2005

CONTACT:

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


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

DATAMAT: Seeks SC Approval to Extend 3Q FS Submission
-----------------------------------------------------
Datamat Public Co. Ltd. informed the Stock Exchange of Thailand
(SET) that it requested the Securities and Exchange Commission
Office for the extension of submission of the Second Quarter
Financial Statement of year 2005 from October 31, 2005 to
November 21, 2005.

In this respect, if there is new information, the Company will
inform the SET further.

For your kind consideration

Yours faithfully,
Bhana Sawasdibutara
Chief Executive Officer and Managing Director

CONTACT:

Datamat Public Company Limited   
Asoke Towers, Floor 17, 18 And 19,
219 Soi Asoke (Sukhumvit 21),
Sukhumvit Road, Klongtoey Nua,
Watthana Bangkok    
Telephone: 0-2310-5111   
Fax: 0-2319-8208   
Web site: http://www.datamat.co.th


PRASIT PATANA: Unveils Shareholder Structure
--------------------------------------------
Prasit Patana Public Company Limited notified the Stock Exchange
of Thailand (SET) that Mr. Wichai Thongtang, Chairman of the
Board of Directors purchased shares from outside the Stock
Exchange of Thailand from WestLB AG, Singapore Branch, on
October 27, 2005 for 384,090,960 shares or 22.18 percent from
the total 1,732,047,520 shares outstanding.

The purchase resulted in the change of the shareholder's
structure as follows:

Item         Name-Last Name      # of Shares   % of Total Shares
                                               Outstanding

(1) Mr. Wichai Thongtang           384,090,960      22.18 %

(2) Bank of Ayudhaya PLC.          273,038,948      15.76 %

(3) Health Care Capital
    Investments Limited            223,490,004      12.90 %

(4) Sukhumvit Asset
    Management Co. Ltd.            147,260,852       8.50 %

(5) Bangkok Bank PLC.              146,291,556       8.45 %

For your kind acknowledgement

Respectfully Yours,

Mrs. Sakara Punyashthiti
Executive Director, Finance and Accounting

CONTACT:

Prasit Patana Public Company Limited   
943 Phahonyotin Road, Samsennai, Phaya Tai Bangkok    
Telephone: 0-2617-2444
Fax: 0-2617-2463   
Web site: http://www.pyathai.com
  

THAI PETROCHEMICAL: Creditors Vote for Implementation Extension
---------------------------------------------------------------
Thai Petrochemical Industry Public Co. Ltd. informed the Stock
Exchange of Thailand (SET) that the Official Receiver, on
October 28, 2005 held the creditors meeting to vote for the
extension of plan implementation period.  

The result of the vote is that 90.26 percent of the votes cast
in favor of the extension of the plan implementation expiry date
from December 31, 2005 to June 30, 2006. In addition, the court
will have a ruling on November 1, 2005.
        
Your acknowledgement of the above matter is highly appreciated.
        
Yours sincerely,
Suwit Nivartvong
for the Plan Administrator
Thai Petrochemical Industry Pcl

CONTACT:

Thai Petrochemical Industry Pcl   
TPI Tower, Floor 8, 26/56
New Jun Road, Thungmahamek, Sathon Bangkok    
Telephone: 0-2678-5000, 0-2678-5100   
Fax: 0-2678-5001-5   
Web site: http://www.tpigroup.co.th



BOND PRICING: For the Week 31 October to 4 November 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     9
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                       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             8.000%     4/15/10     8
Cardno Limited                        9.000%     6/30/08     3
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
eBet Limited                         10.000%    11/29/06    25
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     8
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     8
Hy-Fi Securities Ltd                  8.750%     8/15/08     9
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
Longreach Group Ltd                  10.000%    10/31/08     1
MacArthur Coal                       10.000%    12/11/05     6
Minerals Corporation Ltd             10.500%     9/30/07     1
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               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
Speirs Group Ltd                     10.000%     6/30/49     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
Sydney Gas Limited                   12.000%     6/01/06     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     8
TrustPower Ltd                        8.300%    12/15/08     8
TrustPower Ltd                        8.500%     9/15/12     8
TrustPower Ltd                        8.500%     3/15/14     8
Vision Systems Ltd                    9.000%    12/15/08     2


INDONESIA
---------

Indonesia Government Bond             9.500%     6/15/15    73
Indonesia Government Bond            10.000%     7/15/17    74


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     2
Konsortium Lebuhraya                  4.000%     1/15/16    72
Konsortium Lebuhraya                  4.000%     7/15/20    74
Konsortium Lebuhraya                  4.000%     1/15/21    73
Konsortium Lebuhraya                  4.000%     7/15/21    72
Konsortium Lebuhraya                  4.000%     1/14/22    70
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     3
Lion Diversified Holdings Bhd         2.000%     6/01/09     1
Media Prima Bhd                       2.000%     7/18/08     1
Mithril Bhd                           3.000%     4/05/12     1
Mithril Bhd                           8.000%     4/05/09     1
Mutiara Goodyear Development Bhd      2.500%     1/15/07     1
Naim Indah Corporation Bhd            0.500%     8/24/06     1
Nam Fatt Corporation Bhd              2.000%     6/24/11     1
Pantai Holdings Bhd                   5.000%     3/28/07     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
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                 *** End of Transmission ***