TCRAP_Public/051104.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

             Friday, November 4, 2005, Vol. 8, No. 219
                           
                           Headlines

A U S T R A L I A

A COSTELLO: Enters Voluntary Liquidation
A.E.T. OPERATIONS: Declares Second, Final Dividend
AIR NEW ZEALAND: Filled 74.6% of Seats in September
AUSTRALIAN GAS: Arranges Early Repayment of CUB Facility
AUSTRALIAN GAS: Extends Loan Facility to Sydney Gas

AUSTRALIS MINING: Court Proceedings Postponed Until Nov. 28
BAKKER ENTERPRISES: Members, Creditors to Get Wind Up Report
BLAIRVIEW PTY: Creditors Asked to Submit Proofs of Claim Today
BLUESTONE CABLING: Appoints Official Liquidator
CARTER HOLT: Rank Group Extends Bid Closing Date

CLECO NOMINEES: Court Orders Winding Up
EASTELECTRIC PTY: Creditors Confirm Liquidator's Appointment
FRANCHISE OPERATIONS: Collapse Leaves Creditors Penniless
GREENCLIFF PTY: Schedules Final Meeting November 11
HEATEX PTY: Members Resolve to Wind Up Firm

HELENSBURGH SURVEYING: Creditors OK Liquidator's Appointment
HENRY WALKER: Provides Update on Administration
KS CONSTRUCTIONS: Liquidator Set to Present Report
MASTERCRAFT UPHOLSTERY: Winds Up Business
MCINNES TRADING: Court Appoints Liquidator

MR GLEAM: Members, Creditors Convene to Review Winding Up
MULTIPLEX: Faces Possible Wembley Overrun
NICHELLA PTY: Failure to Pay Debt Prompts Winding Up
NSW EMPLOYMENT: Court Orders Liquidation
ONE.TEL LIMITED: Liquidators Told to Show Proof of Work

PLACER DOME: Responds to Purchase Offer News
PRIMELIFE CORPORATION: Makes Presentations to Analysts,Investors
RICHGARD PTY: Declares Dividend Today
ROBSON DEVELOPMENTS: Members Pass Winding Up Resolution
SEYMOUR PLASTICS: Decides to Close Business

TELSTRA CORPORATION: ACCC Boss Disputes Figures
WEDGE CORP: Intends to Pay Dividend to Creditors


C H I N A  &  H O N G  K O N G

CHINA SCORE: Winding Up Hearing Slated for December 7
COLOR LINK: Prepares to Close Business
DAIMLERCHRYSLER AG: Opens Finance Arm in China
INDUSTRIAL AND COMMERCIAL: Moody's Raises Outlook to 'Positive'
JANKY LIMITED: Winding Up Hearing Set November 23

LAI SUN: Peter Lam Resigns as President, Remains Chairman
LUXE LIMITED: Court Issues Winding Up Order
NEW WORLD TMT: NWD Proposes Unit Tech Privatization
PEOPLELABS LIMITED: High Court Orders Winding Up
SHINE PROFIT: Prepares to Cease Operations

SILLA WON: Court Issues Winding Up Order
* Moody's Clarifies China's State Banks Reform Report


I N D I A

BHARAT PETROLEUM: Bleeds INR203 Crore in Q2
INDIAN OIL: Books Turnaround Profit in Q2


I N D O N E S I A

BANK MANDIRI: Donates Food Parcels to Celebrate Holiday
* Government Hopes to Reap IDR20 Trillion from Dividends


J A P A N

FURUKAWA ELECTRIC: JCR Affirms J-2 Rating
MATSUI SECURITIES: FSA Orders Firm to Shape Up
POKKA CORPORATION: Softdrink Maker Faces Delisting Next Month
SANYO ELECTRIC: S&P Downgrades Rating to 'BBB-'
SEIYU LIMITED: Wal-Mart, Mizuho to Inject JPY115 Bln Capital

SEIYU LIMITED: New CEO is American
SEIYU LIMITED: Widens Net Loss to JPY17.53 Bln


K O R E A

CITIBANK KOREA: Strike Forces Branches to Shut Down
JINRO LIMITED: Barred from Raising Beer, Soju Prices


M A L A Y S I A

ANCOM BERHAD: Issues Notice of Shares Buy Back
ANTAH HOLDING: Fails to Submit Annual Audited Accounts
ASTRO ALL: Unveils Transfer of Shares in Unit
AVANGARDE RESOURCES: Unable to Submit Annual Audited Account
CONSOLIDATED FARMS: Misses Payment to Credit Facilities

GEORGE TOWN: Sees no Changes to Outstanding Financial Statement
KL INFRASTRUCTURE: Seeks Waiver of Compliance to Debt Service
MBF CORPORATION: Unit Fails to Pay Loan Principal
POHMAY HOLDINGS: Aims to Restructure Group's Loans
POS MALAYSIA: Issues New Shares for Listing, Quotation

RHB CAPITAL: Details Conversion of Call Warrants
SETEGAP BERHAD: Bourse to Suspend Trading of Securities
SUREMAX GROUP: Unveils Appointment, Resignation of Directors
SUREMAX GROUP: Explains Failure to Submit Q4 Results on Time
TANJONG PUBLIC: Incorporates New Subsidiary

TANCO HOLDINGS: Posts No Changes to Default Status
TELEKOM MALAYSIA: Bourse to List, Quote New Shares
TRANSOCEAN HOLDINGS: 27th AGM Slated for November 23
WEMBLEY INDUSTRIES: Seeks Extension of Cut-off Date


P H I L I P P I N E S

ABOITIZ TRANSPORT: Incurs Php92.7 Mln Loss
ABOITIZ TRANSPORT: Watchdog Approves Capital Boost
FASTECH SYNERGY: Provides Debt Restructuring Update
LIBERTY TELECOMS: Postpones ASM Until December 2
NATIONAL BANK: Strong Profit, Court Ruling Pull Up Shares

NATIONAL POWER: Mirant Sets Eyes on Assets


S I N G A P O R E

JPV SYSTEM: Receiving Proofs of Debt Until November 28
JURONG ENGINEERING: Sells Core Business, Assets
LOH OPTICAL: Receiving Claims Until Next Month
SINNA SERVICES: Creditors Asked to Submit Proofs of Claim
S.PRITAM: To Pay Dividend Soon


T H A I L A N D

CIRCUIT ELECTRONIC: Submission of Plan Extended to November 21
T.C.J. ASIA: Appoints Members of Audit Committee
THAI PETROCHEMICAL: Court Rules in Favor of Planners
THAI PETROCHEMICAL: Court Extends Plan Implementation Period
Large Companies With Insolvent Balance Sheets

     -  -  -  -  -  -  -  -

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

A COSTELLO: Enters Voluntary Liquidation
----------------------------------------
Notice is hereby given that at a meeting of members of A
Costello Pty Limited held on Oct. 14, 2005, the following
special resolutions were passed:

(1) That the company be wound up voluntarily.

(2) That the Liquidator be and hereby authorized to distribute
(in specie or kind) such assets of the Company as the Liquidator
may deem fit.

At the same meeting, an ordinary resolution was passed
appointing Anthony M. Long of Boyce Chartered Accountants, 19
Montague Street Goulburn, as Liquidator of the Company.

Dated this 14th day of October 2005

Anthony M. Long
Liquidator
c/- Boyce Chartered Accountants
19 Montague Street, Goulburn NSW 2580


A.E.T. OPERATIONS: Declares Second, Final Dividend
--------------------------------------------------
A.E.T. Operations Pty Limited will declare a second and final
dividend today, Nov. 4, 2005.

Creditors who were unable to prove their debts or claims will be
excluded from the benefit of the dividend.

Dated this 5th day of September 2005

Todd Kelly
Peter Morris
Joint Liquidators
c/o Foremans Business Advisors
Suite 1, 29 Lake Street
Cairns Qld 4870


AIR NEW ZEALAND: Filled 74.6% of Seats in September
---------------------------------------------------
The Air New Zealand Group (the Group) carried 1.1 million
passengers in September 2005, an increase of 0.7 percent on the
previous period. Year to date passengers increased 9.3 percent
to 3.1 million.

Group capacity, as measured by Available Seat Kilometres (ASKs),
increased 2.4 percent to 3.2 billion ASKs for the month of
September. Year to date capacity was up 8.9 percent to 8.6
billion ASKs.

Group traffic, as measured by Revenue Passenger Kilometres,
increased 2.2 percent to 2.4 billion RPKs for the month of
September. Year to date traffic increased 9.4 percent to 6.6
billion RPKs.

Group passenger load factor of 74.6 percent was consistent with
the previous period. Year to date Group load factor increased
0.4 of a percentage point to 76.4 percent.

For the month of September, passenger load factor movements for
key regional markets were:
- Domestic passenger load factor was 1.2 percentage points lower
at 74.8 percent. Weather related flight cancellations had a
negative impact on domestic capacity and load factors, with four
times as many cancellations in September 2005 than when compared
to September 2004.
- Tasman and Pacific Islands passenger load factor was 0.8 of a
percentage point lower at 72.4 percent.
- Total short-haul passenger load factor of 73.2 percent was 0.9
of a percentage point lower.
- Asia/Japan passenger load factor increased 0.6 of a percentage
point to 69.5 percent.
- North America and Europe passenger load factor increased 0.4
of a percentage point to 79.2 percent.
- Total long-haul passenger load factor of 75.6 percent was 0.6
of a percentage point higher.

Group yield refers to total passenger revenue (including any
surcharges) divided by the total of all kilometres flown (RPKs).
Adjusted for year on year currency movements, yields for the
three months to September 2005 were as follows:

- Group yield increased 4.8 percent
- Short-haul yields increased 4.8 percent
- Long-haul yields increased 2.8 percent.

FLEET UPDATE

Air New Zealand's first Boeing 777-200ER (B777) aircraft arrived
in Auckland on the 29th of October. The second B777 aircraft is
nearing completion and is expected to arrive on the 10th of
November. Air New Zealand's second Q300 aircraft also entered
the fleet in October.

In addition to the two Boeing 787-8 (B787) aircraft already on
order, in October Air New Zealand placed a firm order for
another two B787 aircraft, at an airframe list price of US$117
million each (as at July 2004). This guarantees firm delivery
slots for the two additional aircraft, with all four aircraft to
be delivered during 2010 / 2011.

CONTACT:

Air New Zealand Limited
Air New Zealand Airpoints Service Centre
Private Bag 4755
Christchurch
New Zealand
Phone: +64 (0)9 488 8777
Fax: +64 (0)9 488 8787
E-mail: enquiry@computershare.co.nz
Web site: http://www.airnz.co.nz/


AUSTRALIAN GAS: Arranges Early Repayment of CUB Facility
--------------------------------------------------------
Following a recent announcement of the strategic joint venture
with the Australian Gas Light Company (AGL), the Company has
arranged for the early repayment of the Chimaera Capital
Committed Underwriting Bond Facility (CUB Facility). Funds for
repayment of the CUB Facility were drawn from funds made
available to Sydney gas under the AGL Joint Venture.

The CUB Facility was established with a 12-month minimum term
and a facility limited of AU$50 million secured against the
Company's Camden Project. The design of the CUB Facility was
specifically structures to meet the Company's needs as it
commenced its production from Stage II of the Camden Project. As
at the announcement of the AGL Joint Venture, the Company had
drawn AU$20 million under the CUB Facility.

Sydney Gas Chairman, Michael Knight said "The CUB Facility
suited the early production phase of Camden. The facility was
structures to enable Sydney Gas to commence the exploitation of
a strategically valuable asset without the pressure to introduce
partners at a stage where the underlying value could not be
properly quantified.

"In particular, the Company could draw down funds as and when
required to meet its production and development schedule and
rely on the fallback position that it could force a redemption
through the issue of equity."

"However, Sydney Gas was required to discharge this Facility,
and the related security over the camden assets, in order to
complete the Joint Venture arrangement with AGL."

"We appreciate Chimaera Capital's co-operation in providing for
an orderly close out of this transaction", Mr. Knight said.

The early repayment of the CUB facility, including the discharge
of all relevant securities, was completed on Wednesday, November
2, 2005.

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

or

Adrew Purcell
Chief Executive Officer/ Managing Director
Sydney Gas Limited
Phone: (02) 9253 5555
Mobile: 0408 032 454

Beth Powell
Manager, Corporate Relations
Sydney Gas Limited
Phone: (02) 9253 5555
Mobile: 0419 266 747


AUSTRALIAN GAS: Extends Loan Facility to Sydney Gas
---------------------------------------------------
Sydney Gas Limited (SGL) advised that its wholly owned
subsidiary, Sydney Gas (Camden) Operations Pty Ltd, has accepted
an offer from The Australian Gas Light Company (AGL) of a
secured short-term loan to fund the early repayment of the
Chimaera Capital CUB Facility, which has been settled Wednesday,
November 2, 2005.

This facility provided by AGL, which is secured over the Camden
Gas Project assets, is a short-term loan that will be repaid out
of the proceeds that will be received from AGL on completion of
the joint venture arrangements.


AUSTRALIS MINING: Court Proceedings Postponed Until Nov. 28
-----------------------------------------------------------
The proceedings in the Supreme Court instigated by the
Australian Securities & Investment Commission have been stood
over until November 28, 2005.

The Administrators of Australis Mining Corporation Limited, Mr.
Robert Elliott and Mr. Richard Albarran of Hall Chadwick, have
arranged for an initial meeting of creditors of that company to
be held at 11:30 a.m. on November 7, 2005 at thier offices
located at Level 29, St Martins Tower 31 market Street, Sydney.

The Administrators of Australis Mining Operations Qld Pty
Limited, Mr. Robert Elliott and Mr. Blair Pleash of Hall
Chadwick, have arranged for an initial meeting of creditors of
that company to be held at 9:30 a.m. on November 7, 2005 at teh
Emerald Memorial Club 10-12 Opal Street Emerald, Queensland.

Notices provided to creditors of both companies are available at
http://bankrupt.com/misc/tcrap_australismining110305.pdf.

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

Hall Chadwick
Chartered Accountants & Business Advisers
Level 29
St. Morrins Tower
31 Marker Street
Sydney 2000
New South Wales
Phone: (02) 9263 2600
Fax: (02) 9263 2800
E-mail: hcsydinfo@hallchadwick.com.au


BAKKER ENTERPRISES: Members, Creditors to Get Wind Up Report
------------------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Bakker Enterprises Pty Limited will be held on Nov.
14, 2005, 10:00 a.m. at Hall Chadwick Level 29, 31 Market
Street, Sydney, NSW, for the following purposes:

BUSINESS

(1) To receive the Liquidator's account, being an account of his
acts and dealings and of the conduct of the winding up during
the liquidation period ending on Nov. 14, 2005.

(2) That subject to any provisions under the Corporations Act
2001 to the contrary, the Liquidator be empowered to destroy all
books and records of the Company on completion of all duties.

(3) Any other business.

Dated this 27th day of September 2005

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


BLAIRVIEW PTY: Creditors Asked to Submit Proofs of Claim Today
--------------------------------------------------------------
Notice is given that the creditors of Blairview Pty Limited are
required to formally prove their debts or claims to the
Liquidator on Nov. 4, 2005. Failure to do so will exclude
creditors from:

(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 11th day of October 2005

B. A. Secatore
Liquidator
Bentleys MRI
114 William Street, Melbourne Vic 3000


BLUESTONE CABLING: Appoints Official Liquidator
-----------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Bluestone Cabling Solutions held on Oct. 3, 2005,
it was resolved that the Company be wound up voluntarily.

At a creditors' meeting held that same day, Andrew Stewart Reed
Hewitt of Grant Thornton was appointed Liquidator for such
winding up.

Dated this 3rd day of October 2005

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


CARTER HOLT: Rank Group Extends Bid Closing Date
-------------------------------------------------
Rank Group Investments Limited extended its offer for Carter
Holt Harvey Limited by 22 days to November 25, Dow Jones
Newswires reports.

The extension of the offer, which was due to close on November
3, was a formality after Carter Holt independent directors on
Tuesday recommended that shareholders should accept the offer of
New Zealand billionaire Graeme Hart. Mr. Hart owns Rank Group.

Mr. Hart, who already controls Carter Holt after buying
International Paper Co.'s (IP) 50.5% percent stake in August at
NZ$2.50 a share, had increased that to just over 70 percent this
week.

Market watchers say Hart's chances of getting 100% of Carter
Holt have been boosted after the directors' revised
recommendation.

Mr. Hart this week sent a letter to Carter Holt, saying the
NZ$2.50-a-share offer will be extended only if the directors
recommend the bid to shareholders.

The directors have reversed their earlier recommendation not to
accept the offer citing "significantly changed circumstances".

They noted the company's sharp profit downgrade last week, which
came on top of an earlier downgrade as the forest products
exporter struggles with depressed prices for its key exports as
well as the negative effects of a high New Zealand dollar.

CONTACT:

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

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


CLECO NOMINEES: Court Orders Winding Up
---------------------------------------
On Oct. 7, 2005, the Federal Court of Australia, New South Wales
District Registry ordered the winding up of Cleco Nominees No.
212 Pty Limited, and appointed Frank Lo Pilato be the Official
Liquidator of the Company.

Dated this 25th day of October 2005

Frank Lo Pilato
Liquidator
RSM Bird Cameron Partners
Level 1, 103-105 Northbourne Avenue
Turner ACT 2612


EASTELECTRIC PTY: Creditors Confirm Liquidator's Appointment
------------------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Eastelectric Pty Limited held on Oct. 5, 2005, it was
resolved that the Company be wound up voluntarily, and that
Danny Vrkic of Jirsch Sutherland & Co. Wollongong Chartered
Accountants be appointed Liquidator for such purpose.

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

Dated this 25th day of October 2005

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


FRANCHISE OPERATIONS: Collapse Leaves Creditors Penniless
---------------------------------------------------------
The High Court of Auckland has placed Franchise Operations
Limited into liquidation last week, according to The New Zealand
Independent.

Bankrupt Christchurch businessman Mark Taylor has been forced to
wind up the company in the ongoing fallout from last year's
Building Depot collapsed, which had amassed debt of more than
NZ$8.6 million.

Franchise Operations, formerly known as Stirling Sports
Franchises, was put into receivership in December. The
liquidation has left all creditors out of pocket.

The Company and its 88-percent shareholder Lennox Corporation
went into receivership last year when ANZ called in a NZ$2.9-
milion debenture after Lennox defaulted on a loan. Lennox is
also now in liquidation.

Mr. Taylor, who was declared bankrupt in May, was the sole
director and shareholder of Franchise Operations and Lennox.

Receivers Ferrier Hodgson said Franchise Operations' and
Lennox's only asset was the intellectual property, including the
trademarks, emblems and logos, associated with the Stirling
Sports brand. The receivership hasn't affected the ongoing
operations of the Stirling Sports chain.  

Receivers had earlier sold the Stirling side of the business,
including the brands and logos, in July for NZ$850,000 to Lane
Walker Rudkin Industries. The proceeds of the sale of the
business were paid to debenture-holder ANZ, which left creditors
with no money to claim.

CONTACT:

Ferrier Hodgson
Level 16
Tower Centre
45 Queen Street
Auckland 1
NEW ZEALAND
Phone: (64 9) 307 7865
Fax: (64 9) 377 7794
E-mail: fhnz@clear.net.nz
Web site: http://www.ferrierhodgson.com/


GREENCLIFF PTY: Schedules Final Meeting November 11
---------------------------------------------------
Notice is given that a final meeting of the members of
Greencliff (Surry Hills) Pty Limited will be held on Nov. 11,
2005, 10:00 a.m. at Level 9, 10 Shelley Street, Sydney, NSW.

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

Dated this 27th day of September 2005

M. C. Smith
Liquidator
McGrathNicol+Partners
Level 9, 10 Shelley Street
Sydney NSW 2000
Phone: 02 9338 2666,
Web site: http://www.mcgrathnicol.com.au/


HEATEX PTY: Members Resolve to Wind Up Firm
-------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Heatex Pty Limited held on Oct. 4, 2005, it was
resolved that the Company be wound up voluntarily, and Andrew
Stewart Reed Hewitt of Grant Thornton was appointed Liquidator
for the winding up.

Dated this 5th day of October 2005

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


HELENSBURGH SURVEYING: Creditors OK Liquidator's Appointment
------------------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Helensburgh Surveying Services Pty Limited held on Oct. 5,
2005 it was resolved that the Company be wound up voluntarily,
and that Danny Vrkic of Jirsch Sutherland & Co Wollongong
Chartered Accountants be appointed Liquidator.

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

Dated this 25th day of October 2005

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


HENRY WALKER: Provides Update on Administration
-----------------------------------------------
The purpose of this circular is to provide shareholders of Henry
Walker Eltin Group Limited (HWE) with an update on the
Administration of the HWE group of companies and follows on from
the notice to shareholders dated February 16, 2005 made
available on the McGrathNicol +Partners (McN+) web site.

Background

The first notice dealt with issues relevant to our appointment:

(1) An overview of key business operations;

(2) Those activities the Administrators focused on during the
initial stages of the appointment;

(3) The immediate asset realization initiatives;

(4) The longer term objectives of the Administration;

(5) The work the Administrators intended to undertake in
relation to an assessment of HWE's financial position;

(6) Preparation for the second meetings of creditors.

Creditors meeting and reporting

After obtaining Court approval to extend the convening period
for three months, the second meetings of creditors were held on
July 8, 2005. At the meeting, creditors voted in favor of a
resolution to adjourn the meeting for a period of up to 60 days
or, subject to Court approval a period of up to 120 days.

On August 15, 2005, Justice Hely of the Federal Court then
ordered an extension of the adjournment period for the second
creditors meeting up to 120 days. Accordingly, the second
creditors meetings are being reconvened on November 3, 2005.

Further orders have been obtained from the Federal Court
allowing creditors of the various entities involved in the HWE
Mining business to vote for a further extension of the
adjournment period for up to sixty days. These orders were
obtained to align the Voluntary Administration and HWE Mining
sale timelines, to enable execution of a sale agreement during
the Administration period.

In June 2005 a comprehensive report was provided to creditors
which set out the estimated return to creditors, and the results
of our investigations. A Supplementary Report to creditors was
issued on October 20, 2005, updating the estimated return,
taking into account further asset realizations and a better
understanding of its creditor claims.

In those reports, we have recommended creditors vote for a Deed
of Company Arrangement, the proposed terms of which are outlines
in the reports. Both the First and Supplementary Reports are
available on the McN+ web site at
http://www.mcgrathnicol.com.au.

Asset realizations to date

To date the Administrators have, interalia, realized the
following assets:

(1) The Simon Engineering business;

(2) The Indonesian mining operations interests;

(3) Civil Engineering operations in the Northern Territory and
elements of the Western Australian operations; and

(4) The Bridge Autos motor dealership.

There are other assets where the administrators are close to
securing sale arrangements. In general, the administrators most
satisfied with the results of the asset realization program to
date.

HWE Mining

The contract mining business is the most significant of HWE's
businesses. Operations are primarily based in Western Australia,
with substantial operations in New Zealand and Jamaica.

The sale process for the mining business is well advanced. An
Information Memorandum was issued to interested parties,
indicative offers received and short-listed bidders selected.
Preferred bidders have commenced final due diligence which
includes full contract disclosure and will facilitate
negotiations with certain of HWE's customers.

The sale is expected to be completed in the next 6 to 8 weeks.

No return to shareholders

Based on anticipated realizations, it appears certain that there
will be no return to shareholders. As such, the administrators
shortly intend to make an Administrator's Declaration under
section 104-145(1) of the Income Tax Assessment Act 1997, but
will withhold the Declaration until the conclusion of the HWE
Mining business sale process.

Shareholders claiming as creditors

Shareholders may be aware of a recent decision in the Federal
Court in relation to the Sons of Gwalia Limited Administration.
This decision permitted a shareholder to lodge and have admitted
a proof of debt for voting purposes at a meeting of creditors,
not withstanding his claim related to his acquisition of shares.
This decision has been appealed.

There is currently no clear framework for assessing shareholders
claims as creditors. Any shareholders who consider they may have
a provable claim in the administration of the HWE group should
obtain thier own legal advice. Any claim made will be considered
by the Administrators and adjudicated upon in the usual way.

A sufficient level of detail in relation to any claim will need
to be provided by any shareholder seeking to prove as a creditor
to allow the Administrator to consider the claim for voting
purposes, or to adjudicate on the claim once the Voluntary
Administration ends and formal proofs of debt are adjudicated
upon.

Conclusion

The immediate priorities for the Administration are:

(1) Reconvening the adjourned second meeting of creditors
meeting and seeking approval of the proposed DOCA's for certain
entities;

(2) Completing the sale of the HWE Mining Assets and progressing
to a DOCA for those entities;

(3) Adjudication of creditors claims and, in time, payment of
dividend distributions to creditors; and

(4) Making of the Administrator's Declaration to shareholders
for tax purposes.

Shareholders should contact Computershare Investor Services Pty
Limited on 1300 855 080 if they have any queries in relation to
the above, or with queries relating to shareholdings.

J D Hayes
Joint Administrator

S B Kershaw
Joint Administrator

CONTACT:

Henry Walker Eltin Group Limited
33 Paul Street North
North Ryde, New South Wales 2113
Australia
Phone: +61 02 9887 6400
Fax: +61 02 9805 0945
Web site: http://www.hwe.com.au/  


KS CONSTRUCTIONS: Liquidator Set to Present Report
--------------------------------------------------
Notice is hereby given that the final meeting of the members and
creditors of KS Constructions Pty Limited will be held on Nov.
11, 2005, 12:00 p.m. at the offices of Bentleys MRI Sydney
Business Recovery & Insolvency Partnership, Level 8, 50
Carrington Street, Sydney NSW, to present the Liquidator's final
account and report, and to give any explanation thereof.

Dated this 28th day of September 2005

Ozem Kassem
Liquidator
C/0 Bentleys MRI Sydney Business Recovery & Insolvency
Partnership
Level 8, 50 Carrington Street
Sydney NSW
Phone: 02 8221 8433
Fax:   02 8221 8422


MASTERCRAFT UPHOLSTERY: Winds Up Business
-----------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Mastercraft Upholstery Co (Aust) Pty Limited
held on Oct. 3, 2005, it was resolved that the Company be wound
up voluntarily.

At a creditors' meeting held that same day, Nicholas Giasoumi
and Roger Darren Grant, Registered Liquidators of Suite 8 260
Auburn Road, Hawthorn 3122 were appointed Joint and Several
Liquidators for the winding up.

Dated this 3rd day of October 2005

Nicholas Giasoumi
Roger D. Grant
Joint Liquidators
Dye & Rennie Chartered Accountants
Suite 8, 260 Auburn Road
Hawthorn 3122


MCINNES TRADING: Court Appoints Liquidator
------------------------------------------
Pursuant to an order of the Federal Court of Australia on Oct.
7, 2005, Jamieson Louttit was appointed as the Official
Liquidator for the winding up of Mcinnes Trading Australia Pty
Limited.

Jamieson Louttit
Liquidator

Jamieson Louttit & Associates
Level 15, 88 Pitt Street
Sydney NSW 2000
Phone: 02 9231 0505
Fax:   02 9231 0303


MR GLEAM: Members, Creditors Convene to Review Winding Up
---------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of MR Gleam (Aust) Pty Limited will be held on Nov.
11, 2005, 10:15 a.m. at Ngan & Co., Level 5, 49 Market Street,
Sydney NSW 2000.

AGENDA:

(1) To receive the Liquidator's account showing how the winding
up was conducted and the property of the Company disposed of,
and to receive any explanation required thereof.

(2) To consider any other business brought before the meeting.

Dated this 26th day of September 2005

P. Ngan
Liquidator
Ngan & Co.
Level 5, 49 Market Street
Sydney NSW 2000


MULTIPLEX: Faces Possible Wembley Overrun
-----------------------------------------
The board of Multiplex Limited has warned of a possible cost
overrun of GBP5 million (AU$59 million) on its Wembley Stadium
project in London, according to The Sydney Morning Herald.

This means Multiplex investors could face another round of
potential profit downgrades, the fourth since February this
year.

Multiplex chief executive Andrew Roberts and chairman Allan
McDonalds stuck by the profit guidance of AU$215 million after
tax but issued in August, but warned any further cost blowouts
would "have a material and adverse impact on earnings".

Mr. McDonald told the group's second annual general meeting
since its listing in December 2003 that Multiplex was in the
midst of negotiations with Hollandia, the subcontractor at
Wembley, to cap any more losses at the project to a "maximum
value of GBP25 million". But Mr. McDonald noted it is possible
an agreement would not be concluded.

Mr. McDonald later told journalists that Hollandia had the upper
hand in negotiations and if an agreement were not reached to cap
the costs, there was potential for much higher cost pressures on
the annual profit.

Since winning the AU$1.1-billion Wembley project, Multiplex has
made provisions of about AU$109 million for unexpected cost
blowouts. Mr. Roberts and Mr. McDonald apologized profusely for
the stadium's problems.

CONTACT:

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


NICHELLA PTY: Failure to Pay Debt Prompts Winding Up
----------------------------------------------------
Notice is hereby given that at an Extraordinary General Meeting
of Nichella Pty Limited held on Oct.6, 2005, the following
Special Resolution was passed:

That as it will not be able to pay its debts within 12 months,
the Company be wound up by a Creditors' Voluntary Winding Up.

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

Dated this 11th day of October 2005

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


NSW EMPLOYMENT: Court Orders Liquidation
----------------------------------------
On Oct. 6, 2005, the Supreme Court of New South Wales, Equtiy
Division ordered that NSW Employment Services Pty Limited be
wound up, and appointed R. J. Porter to be the Company
Liquidator.

R. J. Porter
Liquidator
Moore Stephens Chartered Accountants
Level 6, 460 Church Street
Parramatta NSW 2150


ONE.TEL LIMITED: Liquidators Told to Show Proof of Work
-------------------------------------------------------
The NSW Supreme Court has directed the joint liquidators of
failed One.Tel Limited to give proof of their service, Sydney
Morning Herald says.

Justice William Windeyer ordered the liquidators to give details
of the work they've performed since September 2004 before they
could claim a further AU$676,000 plus GST in fees.

Liquidators Steve Sherman and Peter Walker have been paid
AU$10.34 million for their work as liquidators of One.Tel since
the company collapsed in May 2001.

Liquidator's fees until September 30 last year were fixed by the
committee of inspection but it has failed to agree on paying for
work done since then.

In March this year, the committee was reduced to three members.
At the One.Tel creditors' annual meeting two months ago four
more were appointed to the committee and a vote was taken on
fees. However, a subsequent meeting to vote on a resolution for
fixing or approving the fees became deadlocked.

Justice Windeyer noted that although the liquidators provided a
summary of fees and work done they did not show "the particular
work or area of work for each fee earned in respect of the
summary of work for the period".

It was suggested to the court that a cost consultant should be
employed to report back to creditors, but this was rejected.
Justice Windmeyer said he had "great reservations" about a cost
consultant.

Justice Windmeyer issued draft orders directing the liquidators
to provide by November 21 details of work done, persons doing
such work, time taken and rates claimed in respect of each of
the periods for which a remuneration claim is made.

Messrs Sherman and Walker are due to give evidence today in a
case where the corporate regulator is suing former One.Tel
managing director Jodee Rich and former finance director Mark
Silberman.


PLACER DOME: Responds to Purchase Offer News
--------------------------------------------
Placer Dome Inc. has been informed that Barrick Gold Corporation
intends to make an unsolicited offer to purchase all of the
outstanding publicly traded shares of Placer Dome and that
Barrick has entered into arrangements with Goldcorp Inc. in
relation to the subsequent on-sale by Barrick of certain assets
owned by Placer Dome.

Placer Dome's Board of Directors will be meeting to consider
this unsolicited proposal, and will make a statement in due
course. Until the Company receives the offer and completes its
review, it will not comment on the offer or its content and will
not speculate as to any future course of action it might take.

Placer Dome is a global gold mining company employing more than
13,000 people at 16 mining operations in seven countries. The
Vancouver-based company's shares trade on the Toronto, New York,
Swiss and Australian stock exchanges and Euronext-Paris under
the symbol PDG.

CONTACT:

Placer Dome Limited
Suite 1600, Bentall IV
1055 Dunsmuir Street
(PO Box 49330,
Bentall Postal Station)
Vancouver, B.C. Canada V7X 1P1
Phone: (604) 682-7082
Web site: http://www.placerdome.com


PRIMELIFE CORPORATION: Makes Presentations to Analysts,Investors
----------------------------------------------------------------
Primelife Corporation announced that it will commence making
presentations to analysts and institutional investors to assist
them in the development of their own financial models of
Primelife.

An amended copy of the presentation is available at  
http://bankrupt.com/misc/tcrap_primelifecorporation110305.pdf   
(earlier version had some minor formatting issues).

The information in the presentation expands upon the
presentation made by Primelife to institutional investors and
disclosed to the market on December 17, 2004.

The presentation to analysts will include detailed spreadsheets
of Primelife's business and its components. These spreadsheets
will be available to analysts and other interested parties on
request. The presentation does not purport to provide a value
for Primelife, forecast the future income or earnings of the
company, or list all the assumptions or risks that may influence
the valuation of assets of the business.

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/


RICHGARD PTY: Declares Dividend Today
-------------------------------------
Richgard (No. 47) Pty Limited will declare a first dividend
today, Nov. 4, 2005.

Creditors who were not able to prove their debts or claims will
be excluded from the benefit of the dividend.
Dated this 7th day of September 2005

Dean R. McVeigh
Liquidator
Foremans Business Advisors (Southern) Pty Limited
Suite 8, 56-60 Bay Road
Sandringham Vic 3191


ROBSON DEVELOPMENTS: Members Pass Winding Up Resolution
-------------------------------------------------------
At a general meeting of Robson Developments Pty Limited held on
Oct. 10, 2005, the following special resolution was passed:

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

Dated this 10th day of October 2005

Mark Crowther
Liquidator
Tait Miller McIntyre & Co. Accountants
53 Junction Street, Nowra NSW 2541


SEYMOUR PLASTICS: Decides to Close Business
-------------------------------------------
Notice is hereby given that at a meeting of the members and
creditors of Seymour Plastics Pty Limited held on Oct. 6, 2005,
creditors resolved that the Company be wound up, and appointed
R. A. Sutcliffe to be Liquidator for such purpose.

Dated this 6th day of October 2005

R. A. Sutcliffe
Liquidator
Ground Floor, 192-198 High Street
Northcote Vic 3070
Phone: 03 9482 6277


TELSTRA CORPORATION: ACCC Boss Disputes Figures
-----------------------------------------------
Australian Competition and Consumer Commission (ACCC) boss
Graeme Samuel has raised eyebrows on recent claims by Telstra
Corporation chairman Donald McGauchie, The Age reveals.

Mr. Samuel refutes Mr. McGauchie's claim that ACCC's new price
regime would cost the company AU$800 million a year in lost
revenue.

The ACCC boss recently told a federal parliamentary committee
that Mr. McGauchie's AU$800-million figure has no basis.

The ACCC has enraged Telstra executives with its decision to set
four different wholesale prices for access to Telstra's
residential copper phone lines, known as the "unbundled local
loop".

The battle between Telstra and the ACCC escalated after Mr.
Samuel said nothing Telstra did to protect itself from
competition would surprise him.

Last month, Mr. McGauchie said the new wholesale price
structures set by the ACCC would severely damage Telstra. He
said the ACCC was "almost hysterical" in its determination to
drive down prices.

Telstra has been working to get a committee of senior government
officials from several departments to recommend that the ACCC
wholesale prices be overturned. But Mr. Samuel said there was no
proof of Telstra's cost claims, and said he had his own scoring
system for Telstra.

Mr. Samuel stressed that it was the telco that had been
complaining about the rules imposed on it, not the ACCC. He said
the ACCC had not raised any major concerns about regulation
since Parliament passed legislation paving the way for Telstra's
sale in September.

Meanwhile, Telstra spokesman Rod Bruem later rejected Mr.
Samuel's claims about how the company had come up with the
AU$800 million figure, claiming Mr. Samuel "was not letting the
facts get in the way of its determination to cripple Telstra".

"The ACCC is actively undermining the Government's stated
policy, which is for pricing parity."

CONTACT:

Telstra Corporation
Level 41 - Telstra Centre, 242 Exhibition Street,
Melbourne , Victoria, Australia, 3000
Telephone: (03) 9634 6400
Fax: (03) 9632 3215
Web site: http://www.telstra.com.au/


WEDGE CORP: Intends to Pay Dividend to Creditors
------------------------------------------------
Wedge Corp Australia Pty Limited will declare a final dividend
today, Nov. 4, 2005.

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

Dated this 28th day of September 2005

Gerry Farlanga
Voluntary Liquidator
Arnold Stevens Finlay Chartered Accountants
6th Floor, 410 Church Street
North Parramatta NSW 2151
Phone: 02 9890 2555


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

CHINA SCORE: Winding Up Hearing Slated for December 7
-----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
China Score Investments Limited, by the High Court of Hong Kong
Special Administrative Region was on October 5, 2005 presented
to the said Court by Yukio Takahashi and San Marino Trading
Company Limited whose registered office are both situated at P.
O. Box No. 957, Offshore Incorporations Centre, Road Town,
Tortola, British Virgin Islands.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 7, 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.

MESSRS. CHAN AND CHENG
Solicitors for the Petitioner
Room 703 Hang Seng Building
No. 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 6, 2005.


COLOR LINK: Prepares to Close Business
--------------------------------------
Color Link & Associates Limited whose place of business is
situated at Blk B 1/F Kam Sing Mansion 151-161 Jaffe Road
Wanchai Hong Kong was issued a winding up order notice by the
High Court of the Hong Kong Special Administrative Region Court
of First Instance on October 19, 2005.

Date of Presentation of Petition: August 26, 2005

Dated this 28th day of October 2005

Lee Mei Yee May
Acting Official Receiver


DAIMLERCHRYSLER AG: Opens Finance Arm in China
----------------------------------------------
DaimlerChrysler is the first automotive company in China to
provide customer and dealer financing for both passenger cars
and commercial vehicles. DaimlerChrysler Financial Services
started its business operations in China with the official
opening of the new company DaimlerChrysler Auto Finance (China)
Ltd. (DCAFC).  

DaimlerChrysler Financial Services began making preparations to
do business in the People's Republic of China earlier this year
and received its business license on September 21, after having
been granted the final approval from the China Banking
Regulatory Commission (CBRC).

In October, the new company, DaimlerChrysler AutoFinance (China)
Ltd., began offering customer and dealer financing and insurance
services for its passenger cars and commercial vehicles in
China. DCAFC, headquartered in Beijing with approximately 50
employees, will work closely with dealers first in Beijing,
Shanghai and Guangzhou to provide "One-Stop-Solutions" to their
customers.  

"DaimlerChrysler Financial Services wants to make it as
convenient as possible for customers to purchase any of the
broad range of passenger cars and commercial vehicles we offer
in China," said Juergen Walker, Chairman of the Board of
Management of DaimlerChrysler Financial Services AG in Beijing.

"Just as we do in other markets, DCAFC will offer competitive
rates and insurance services for passenger car customers and
commercial vehicle owners from one source."  

DaimlerChrysler is investing US$1.5 billion in China for its
ongoing and future projects to realize Mercedes-Benz passenger
car and van production, relocate the former Beijing Jeep
Corporation and realize the production of heavy-duty and medium-
duty trucks. The Chrysler Group also recently announced its
intention to build the Chrysler 300C in Beijing, and license
minivan production in Fuzhou (PRC) and Yangmei (Taiwan). The
Company imports passenger cars and commercial vehicles to China
under the Mercedes-Benz, Chrysler, Jeep brands.

This is a company press release.

CONTACT:

DaimlerChrysler AG
70546 Stuttgart
Germany
Phone: +49 711 17 0
Fax: +49 711 17 22244


INDUSTRIAL AND COMMERCIAL: Moody's Raises Outlook to 'Positive'
---------------------------------------------------------------
Moody's Investors Service has raised its outlook on the E+ Bank
Financial Strength Rating (BFSR) for Industrial and Commercial
Bank of China's (ICBC) to positive from stable, AFX News
reports.

The A2 long-term deposit rating and P-1 short-term deposit
ratings are unaffected, with a stable outlook.

The positive outlook reflects the considerable progress ICBC has
achieved in its restructuring process and the resultant
significant improvements in its balance sheet and capital
position.

CONTACT:

Industrial and Commercial Bank of China (Asia) Limited
ICBC Tower, 3 Garden Road
Central, Hong Kong
Phone: 25343333
Fax: 28051166
Web site: http://www.icbcasia.com


JANKY LIMITED: Winding Up Hearing Set November 23
-------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Janky Limited, whose registered office is located at Room 1206,
12th Floor, Shun Tak Centre, West Wing, 168-200 Connaught Road
Central, Hong Kong by the High Court of Hong Kong Special
Administrative Region was on September 26, 2005 presented to the
said Court by China Will Investment Limited whose registered
office is situate at Unit 17, 7th Floor, Concordia Plaza, No. 1
Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong.  

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

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

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

Messrs. George Tung, Jimmy Ng & Valent Tse
Solicitors for the Petitioner
Reco Grand Limited
Units 05-06, 25th Floor, Vicwood Plaza
199 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 November 22, 2005.


LAI SUN: Peter Lam Resigns as President, Remains Chairman
---------------------------------------------------------
The Board of Directors of Lai Sun Development Company Limited
announces that effective from 1st November, 2005, Mr. Lam Kin
Ngok, Peter has relinquished his position as President but will
remain as Chairman of the Board of the Company. Mr. Lau Shu Yan,
Julius has been appointed Chief Executive Officer of the Company
on the same date.

Mr. Lam Kin Ngok, Peter, Chairman, aged 48, has been an
Executive Director of the Company since June, 1977. He is also a
deputy chairman of Lai Sun Garment (International) Limited
(LSG), chairman of Lai Fung Holdings Limited, and an executive
director of eSun Holdings Limited and Crocodile Garments
Limited. eSun and LSG are substantial shareholders of the
Company.

eSun, LSG, Crocodile and Lai Fung are companies listed on the
Main Board of The Stock Exchange of Hong Kong Limited.

Mr. Lam has extensive experience in property and investment
business. He is also a director of the Real Estate Developers
Association of Hong Kong, a member of the Hong Kong Hotel Owners
Association, a council member of the Anglo-Hong Kong Trust and a
non-official member of the Film Development Committee.

Mr. Lam is interested, or deemed to be interested, within the
meaning of Part XV of the Securities and Futures Ordinance, in
3,056,795,165 shares in the Company, representing approximately
23.98% of the issued share capital of the Company. Mr. Lam is
the son of Madam U Po Chu and is the younger brother of Mr. Lam
Kin Ming, both being Non-Executive Directors of the Company.

Mr. Lam has entered into a service contract with the Company in
which he will receive remuneration and discretionary bonus, to
be determined by the Board with reference to the performance of
the Company, duties and responsibilities of the director
concerned and prevailing market conditions. He will be subject
to retirement by rotation and will also be eligible for re-
election at future annual general meetings of the Company, in
accordance with the provisions of the articles of association of
the Company.

Mr. Lau Shu Yan, Julius, Chief Executive Officer, aged 49, has
been an Executive Director of the Company since July 1991. Mr.
Lau has over 20 years' experience in the property and securities
industries in Hong Kong. Prior to his appointment in the
Company, he was a director of Jones Lang Wootton Limited and
subsequently Jardine Fleming Broking Limited. Mr. Lau is also an
executive director of Lai Fung Holdings Limited and a director
and a member of the executive committee of Real Estate
Developers Association of Hong Kong.

Mr. Lau does not have any relationship with any other Directors,
senior management, substantial or controlling shareholders of
the Company. Mr. Lau is interested, within the meaning of Part
XV of the Securities and Futures Ordinance, in 1,200,000 shares
in the Company, representing 0.0094% of the issued
share capital of the Company and 500,000 shares in eSun Holdings
Limited, an associated corporation of the Company, representing
0.067% of the issued share capital of the aforesaid company.

Mr. Lau has entered into a service contract with the Company in
which he will receive remuneration and discretionary bonus, to
be determined by the Board with reference to the performance of
the Company, duties and responsibilities of the director
concerned and prevailing market conditions. He will be subject
to retirement by rotation and will also be eligible for re-
election at future annual general meetings of the Company, in
accordance with the provisions of the articles of association of
the Company.

Save as disclosed in this announcement there are no other
matters relating to the aforesaid changes in the directorate of
the Company that need to be brought to the attention of the
shareholders of the Company.

CONTACT:

Lai Sun Development Company Ltd.
International public company
11/F Lai Sun Commercial Centre,
680 Cheung Sha Wan Rd., Kowloon
Hong Kong
Phone: 852 2741 0391
Fax: 852 2785 2775
Web site: http://www.laisun.com.hk


LUXE LIMITED: Court Issues Winding Up Order
-------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Luxe Limited by the High Court of Hong Kong Special
Administrative Region was on October 12, 2005 presented to the
said Court by Bank of China (Hong Kong) Limited (the successor
banking corporation to Kincheng Banking Corporation pursuant to
Bank of China (Hong Kong) Limited (Merger) Ordinance (Cap.1167)
whose registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 7, 2005.

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

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

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

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of December 6, 2005.


NEW WORLD TMT: NWD Proposes Unit Tech Privatization
---------------------------------------------------
The respective directors of New World Development Company
Limited (NWD) and New World TMT Limited (NWTMT) jointly announce
that on November 1, 2005, NWD requested the board of directors
of NWTMT to put forward a proposal to the Scheme Shareholders
regarding a proposed privatization of NWTMT by way of a scheme
of arrangement under Section 86 of the Companies Law.

NWD proposes that the Scheme Shares will be cancelled in
exchange for HK$0.75 in cash for each Scheme Share. Under the
Scheme, the total consideration payable for the Scheme Shares
will be payable by NWD. The Cancellation Price will not be
increased, and NWD does not reserve the right to do so.

The Cancellation Price represents a premium of approximately
78.6% over the closing price of HK$0.42 per Share as quoted on
the Stock Exchange on 1 November 2005 (being the last full
trading day in the Shares prior to the suspension of trading in
the Shares pending the issue of this announcement), a premium of
approximately 76.1% over the average closing price of
approximately HK$0.426 per Share based on the daily closing
prices as quoted on the Stock Exchange for the 10 trading days
up to and including 1 November 2005 and equal to the audited
consolidated net asset value per Share of approximately HK$0.75
as at 30 June 2005. The Proposal will be implemented by way of
the Scheme.

The listing of the Shares on the Stock Exchange will be
withdrawn following the effective date of the Scheme upon which
NWTMT will become an indirect wholly owned subsidiary of NWD.
The Proposal is conditional upon the fulfillment or waiver, as
applicable, of the conditions as described in the section headed
"Conditions of the Proposal" below. All of the conditions will
have to be fulfilled or waived, as applicable, on or before 31
May 2006 (or such later date as NWD and NWTMT may agree or, to
the extent applicable, as the Grand Court may direct), failing
which the Scheme will lapse.

As at the Announcement Date, the Scheme Shareholders were
interested in 435,618,522 Shares, representing approximately
45.75% of the issued share capital of NWTMT.

As at the Announcement Date, there were no options, warrants or
convertible securities in respect of the Shares held by NWD or
parties acting in concert with it or outstanding derivatives in
respect of the Shares entered into by NWD or parties acting in
concert with it. As at the Announcement Date, the authorized
share capital of NWTMT is HK$2,000,000,000 divided into
2,000,000,000 Shares and the issued share capital of NWTMT is
HK$952,180,007 divided into 952,180,007 Shares. Apart from the
Shares, NWTMT does not have any warrants, options, derivatives,
convertible securities or other securities in issue.

The amount of cash required for the Proposal is approximately
HK$326.7 million. NWD intends to finance the cash required for
the Proposal from bank borrowings. Standard Chartered, the
financial adviser to NWD, is satisfied that sufficient financial
resources are available to NWD for the implementation of the
Proposal.

SHAREHOLDING IN NWTMT

As at the Announcement Date, NWD held through an indirect wholly
owned subsidiary 516,561,485 Shares, representing approximately
54.25% of the issued share capital of NWTMT. Such Shares will
not form part of the Scheme Shares and will not be voted at the
Court Meeting. As at the Announcement Date, FCIL is interested
in 3,357,600 Shares, representing approximately 0.35% of the
issued share capital of NWTMT, Mrs. Cheng is interested in
1,000,000 Shares, representing approximately 0.11% of the issued
share capital of NWTMT, Dr. Sin Wai-Kin, David is interested in
5,594 Shares and his spouse is interested in 53 Shares and Mr.
Liang Chong-Hou, David is interested in 262 Shares. FCIL is a
wholl yowned subsidiary of NWS, which in turn is a non wholly-
owned subsidiary of NWD; Mrs. Cheng is the spouse of Dr. Cheng
Kar-Shun, Henry, managing director of NWD and Chairman of NWTMT;
Dr. Sin Wai-Kin, David and Mr. Liang Chong-Hou, David are
executive directors of NWD; accordingly, they are presumed to be
parties acting in concert with NWD under the Takeovers Code.

As at the Announcement Date, and subject to Note 1 to Rule 3.5
of the Takeovers Code, Standard Chartered and other members of
its group are deemed to be acting in concert with NWD under the
Takeovers Code and Standard Chartered and other members of its
group were interested in 13 Shares.

DESPATCH OF SCHEME DOCUMENT

A scheme document of NWTMT containing, inter alia, further
details of the Proposal and the Scheme, the expected timetable,
an explanatory memorandum as required under the Companies Law
and the Rules of the Grand Court, information regarding NWTMT,
recommendations from the independent board committee
of NWTMT with respect to the Proposal and the Scheme and the
advice of the independent financial adviser to the independent
board committee of NWTMT, a notice of the Court Meeting and a
notice of an extraordinary general meeting of NWTMT, together
with proxies in relation thereto, will be despatched to the
Shareholders as soon as practicable and in compliance with the
requirements of the Takeovers Code and the Grand Court.

SUSPENSION AND RESUMPTION OF TRADING

At the request of NWTMT, trading in the Shares on the Stock
Exchange was suspended from 9:30 a.m. on 2 November 2005,
pending the issue of this announcement. Application has been
made by NWTMT to the Stock Exchange for the resumption of
trading in the Shares on the Stock Exchange with effect from
9:30 a.m. on 3 November 2005. Shareholders of NWTMT and/or
potential investors should be aware that the implementation of
the Proposal and the Scheme is subject to the conditions as set
out below being fulfilled or waived, as applicable, and thus the
Proposal and the Scheme may or may not become effective. They
should therefore exercise caution when dealing in the Shares.

Infocast News reported that New World TMT reported combined net
losses of more than HK$6.4 billion in the past two fiscal years.

For a copy of the press release, go to
http://bankrupt.com/misc/tcrap_newworldtmt110305.pdf

CONTACT:

New World TMT Limited
21/F, Office Tower
Convention Plaza
1 Harbour Road
Wanchai, Hong Kong
Phone: (852) 3181 6357
Fax: (852) 3181 1357


PEOPLELABS LIMITED: High Court Orders Winding Up
------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Peoplelabs Limited by the High Court of Hong Kong Special
Administrative Region was on September 30, 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 7, 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 times 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.

FORD, KWAN & COMPANY
Solicitors for the Petitioner
Suites 1505-1508, 15th Floor
Chinachem Golden Plaza
77 Mody Road
Kowloon, Hong Kong
Phone: 2366 0688   
Fax: 2722 0736

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 6, 2005.


SHINE PROFIT: Prepares to Cease Operations
------------------------------------------
Shine Profit Holdings Limited whose place of business is
situated at Shop 317B 404B and 511 Tsui Chuk Garden No 8 Chui
Chuk Street Wong Taisin 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 19, 2005.

Date of Presentation of Petition: August 26, 2005

Dated this 28th day of October 2005

Lee Mei Yee May
Acting Official Receiver


SILLA WON: Court Issues Winding Up Order
----------------------------------------
Silla Won Korean Restaurant Limited whose place of business is
situated at 2nd Floor Southland Building 47-49 Connaught Road
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 19, 2005.

Date of Presentation of Petition: August 26, 2005

Dated this 28th day of October 2005

Lee Mei Yee May
Acting Official Receiver


* Moody's Clarifies China's State Banks Reform Report
-----------------------------------------------------
Moody's Investors Service, in a new report, says that reform of
China's state banks has accelerate d these last two years and
produced tangible results.

Three of the Big four have undergone recapitalizations, and have
either begun or are on track for initial public offerings, the
just-released Moody's report says. The Big 4 state banks are
Agricultural Bank of China, Bank of China Limited, China
Construction Bank Corporation, and Industrial and Commercial
Bank of China Limited.

The report is entitled Reform of China's State Banks: Moving
Beyond IPOs; Positive Rating Actions Likely, and is authored by
May Yan, a Vice President / Senior Analyst at Moody's Hong Kong
office.

The report says that banking reform could positively impact the
bank financial strength ratings (BFSR) of the reformed banks,
but such improvements will be gradual.

In terms of positive results so far, "financial profiles,
particularly asset quality and capital positions, have
significantly improved post-restructuring, largely thanks to the
government injections," Yan says. "The state banks are also in
the early stages of establishing corporate governance mechanisms
and credit processes resembling those in the developed world,"
adding Yan, "Moreover, the government has significantly
strengthened the regulatory environment."

"It is envisioned that through the introduction of strategic
investors and IPOs, the banks will move faster towards adopting
international banking practices," she says, adding, "They will
also experience further pressure to improve transparency and
governance."

The Moody's report also notes the determination of the Chinese
government and the industry regulators to push ahead with
reform.

However, Moody's says the positive impacts to the fundamental
competitive dynamics of a banking system through minority
strategic investments and partial public floatations of equity
shares remains to be seen.

Moreover, "the state banks needs to be transformed into
competitive commercial entities, which requires much more than
just fixing the balance sheets through recapitalization and
IPOs," the report says. "For success, the banks need to change
their business models to become more commercially-oriented."

As international experiences indicate, the transformation is
likely to follow several stages. First, there is "improving
solvency". Afterwards, there is a "shift towards increasing
efficiency, developing a credit culture, strengthening
governance, becoming more innovative, and improving
profitability." These two phases could overlap, resulting in
some banks staying in a transition stage for a long time.

And as banking reform continues, it may become constrained by
the pace of macro-economic reform. For example, the development
of capital markets and market infrastructures, and corporate/SOE
reforms, particularly the bankruptcy regime must move hand in
hand with banking reforms. Liberalization of interest and
exchange rate regimes adds more complexity to the reform
process.

The report also sees continued government participation in the
state banks as a mixed blessing. The government is likely to
retain majority ownership of the banks, maintaining its support
- a positive for state-bank credit ratings. However, such
involvement may also become an obstacle for further reform,
which will center on forging autonomous commercial practices to
increase profitability.

CONTACT:

Hong Kong
May Yan
Vice President - Senior Analyst
Financial Institutions Group
Moody's Asia Pacific Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (852) 2916-1121

Hong Kong
Wei S. Yen
Managing Director
Financial Institutions Group
Moody's Asia Pacific Ltd.
JOURNALISTS: (852) 2916-1150
SUBSCRIBERS: (852) 2916-1121


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

BHARAT PETROLEUM: Bleeds INR203 Crore in Q2
-------------------------------------------
Bharat Petroleum Corporation Limited (BPCL) has incurred a net
loss of INR203 crore for the second quarter ended September 30,
2005 as against a net profit of INR321.40 crore for the
corresponding quarter last year, according to The Financial
Express.

Total income rose to INR16,353.60 crore from INR13,574.80 crore
last year. The company had made a net loss of INR431.3 crore on
net sales of INR 16,015.7 crore for the quarter ended June 30,
2005.

BPCL blamed the high crude and product prices that could not be
fully passed on to the consumers to cover the losses. However,
the softening of crude prices in the international market is
likely to help the company recover in the third quarter.

CONTACT:

Bharat Petroleum Corp. Ltd.
Bharat  Bhavan,
4 & 6 Currimbhoy Road,
Ballard Estate,
Mumbai 400001
Phone: 022-22713000/ 022-22714000
Fax: 022-22713874
E-mail: info@bharatpetroleum.com
Web site: http://www.bharatpetroleum.com/  


INDIAN OIL: Books Turnaround Profit in Q2
-----------------------------------------
Indian Oil Corporation's (IOC) financials have recovered in the
second quarter of the current fiscal year, The Telegraph
reports.

The oil firm recorded a net profit of INR949.72 crore for the
July-September period, reversing a first quarter net loss of
INR54 crore.

The first quarter losses were blamed on the government's mandate
to sell kerosene, liquefied petroleum gas (LPG), petrol and
diesel way below market rates.

Meanwhile, IOC Chairman S. Behuria said IOC's net profit for the
first six months at INR895 rore is much lower than INR2,712
crore earned last year. He said this is primarily due "to the
non-realization of market-related prices for LPG, kerosene,
petrol and diesel".

CONTACT:

Indian Oil Company
G, Indian Oil Bhavan, 9, Ali Yavar Jung Marg,
Bandra E, Mumbai
400051 Maharashtra
Phone: 26427363
Fax: 26443880


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

BANK MANDIRI: Donates Food Parcels to Celebrate Holiday
-------------------------------------------------------
State lender PT Bank Mandiri distributed food packets totaling
IDR1.7 billion to its various branches, regional offices and
headquarters in Indonesia, reports the Jakarta Post.

According to Bank Mandiri director Sasmita, the food packets
were distributed in order for the people to celebrate the Muslim
holiday, Idul Fitri, which signifies the end of the fasting
period for Muslims.

Up to 20,000 households in the bank's headquarters and branches
received food packets containing 5 kilograms of rice, 1 kilo of
flour, a bottle of syrup, biscuits, 1 kilo of sugar, 1 liter of
cooking oil, 1 can of condensed milk, and five packets of
instant noodles.

An amount from the bank's 2004 net earnings was allotted to
finance such distribution, as part of the bank's community
development program.

CONTACT:

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


* Government Hopes to Reap IDR20 Trillion from Dividends
--------------------------------------------------------
The Indonesian government expects to receive up to IDR20
trillion in dividend payments from state enterprises next year,
the Jakarta Post reports.

According to Ministry of State Enterprises staff expert Aries
Mufti, the government is optimistic that it can increase its
revenues by almost 50% through dividend payments and
privatization of some state enterprises, in efforts to finance
the 2006 state budget.

This year, the government is expecting IDR8.9 trillion in
dividend payments and IDR3.5 trillion from privatization sales,
while it hopes tog arner IDR12.5 trillion in payments and IDR4.5
trillion from privatization next year.

State-owned companies such as telecommunications giant PT
Telekomunikasi Indonesia and state oil and gas firm PT Pertamina
are expected to reel in substantial net profits totaling at
least IDR30 trillion.

The state ministry hopes to reduce the number of its
unprofitable/loss-making enterprises to under 22 this year, and
hopes to reduce its sales of state enterprises to private firms
with higher dividends.


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

FURUKAWA ELECTRIC: JCR Affirms J-2 Rating
-----------------------------------------
Japan Credit Rating Agency (JCR) has affirmed the J-2 rating on
the CP program of Furukawa Electric Co Ltd.

Furukawa Electric is Japan's major manufacturer of electric
wires and cables. It expects a year-on-year 35% increase in the
operating profit for fiscal year through March 31, 2006 thanks
primarily to reduction in loss of communication business,
although there are concerns about delay in recovery of demand
for IT related products, which entered into an adjustment phase
in the last half of fiscal year through March 31, 2005, as well
as rise in fuel cost.

The communication operation is now beginning to turn into the
black. However, it is unlikely that the profitability of this
business will rise to a level as high as before. JCR will pay
close attention to the future developments as to how the Company
can increase the revenue and earnings and can improve the
financial health.

CONTACT:

Furukawa Electric Co. Ltd.
6-1, Marunouchi 2-chome, Chiyoda-ku
Tokyo 100-8322, Japan  
Phone: +81-3-3286-3001
Fax: +81-3-3286-3747


MATSUI SECURITIES: FSA Orders Firm to Shape Up
----------------------------------------------
The Financial Services Agency has issued an order for Matsui
Securities Co. Ltd. to improve its business operation in light
of the company's improper brochures, which did not provide
sufficient explanation about margin trading, Japan Today
reports.

The agency ordered the securities company to reinforce its
management of in-house controls on advertising review.

CONTACT:

Matsui Securities Co. Ltd.
1-4, Kojimachi
Chiyoda-ku, Tokyo
102-8516 Japan


POKKA CORPORATION: Softdrink Maker Faces Delisting Next Month
-------------------------------------------------------------
Pokka Corporation will be delisted from the Tokyo Stock Exchange
and Nagoya Stock Exchange on December 5 as a Japanese investment
fund in cooperation with Pokka has secured an overwhelming
stake, Japan Today reports.

The soft drink maker decided earlier this year to turn itself
into an unlisted company through a tender offer bid so it could
carry out longer-term strategies for raising its corporate value
without worrying about potential hostile takeover bids.

CONTACT:

Pokka Corporation
Nagoya Hirokoji Place
4-2-29, Sakae
Naka-ku, Nagoya
Japan 460-8415


SANYO ELECTRIC: S&P Downgrades Rating to 'BBB-'
-----------------------------------------------
Standard & Poor's Ratings Services (S&P) has lowered its long-
term corporate credit and senior unsecured debt ratings on Sanyo
Electric Co. Ltd. by one notch to 'BBB-' from 'BBB'.

The ratings remain on CreditWatch with negative implications,
where they were placed on Sept. 28, 2005, following the
company's downward revision of its profit forecast for fiscal
2005 (ending March 31, 2006).

"The downgrade reflects weakened debt servicing ability through
internal cash flow and deterioration in Sanyo Electric's
financial profile as a result of stagnant profits in the current
fiscal year," said Standard & Poor's credit analyst Katsuyuki
Nakai.

Standard & Poor's estimates the company's ratio of net debt to
capital, excluding Sanyo Electric Credit Co. Ltd., may
deteriorate to over 70% at the end of March 2006, from 63% as of
March 31, 2005, mainly due to the erosion of capital in fiscal
2005. As such, the ratings remain on CreditWatch, reflecting
growing concerns over the delayed recovery of Sanyo Electric's
operating profitability and financial profile.

Key issues in resolving the CreditWatch status are:

  --  The effectiveness of the business restructuring plan,
particularly whether the plan will enhance the company's
competitiveness and facilitate recovery of its profitability and
cash flow in the electronics devices, audio-visual and
telecommunications equipment, and home appliances segments;

  --  Any additional restructuring costs from the plan to
streamline its business;

  --  Improvement in earnings and balance sheet from current
restructuring measures including reduction of the number of
employees and sales and liquidation of assets; and

  --  Details of the debt reduction plan.

If Sanyo Electric decides to remove businesses from its balance
sheet, the effectiveness of reducing risk and improved
profitability will be critical as the company is expected to
continue to incur the business and financial risks of the off-
balance-sheet businesses as long as the company remains a major
shareholder.

The ratings may be lowered further if Sanyo Electric is unable
to achieve recovery in the performance of its businesses, and
ultimately its financial profile, in the near term. At this
point, Standard & Poor's considers another downgrade of more
than one notch a possibility. Future rating actions will
incorporate any progress in business restructuring, future
support from the company's major creditor banks, its efforts to
enhance capital, and the impact of the newly appointed vice
president, Mr. Koichi Maeda, who was formerly a managing
director at the Sumitomo Mitsui Banking Corporation.

CONTACT:

Sanyo Electric Co Ltd
5-5 Keihan-Hondori 2-Chome
Moriguchi 570-8677, Osaka 570-8677
JAPAN  
Phone: +81 6 6991 1181
Fax: +81 6 6991 6566
Web Site: http://www.sanyo.co.jp/koho/index_e.html


SEIYU LIMITED: Wal-Mart, Mizuho to Inject JPY115 Bln Capital
------------------------------------------------------------
Wal-Mart Stores Inc. and Mizuho Financial Group will infuse
about JPY115 billion ($986 million) of capital into the U.S.
retail giant's Japanese affiliate Seiyu Limited, according to
Reuters.

Seiyu will issue JPY35 billion in new shares to Wal-Mart and
Mizuho. As a result of the deal, Wal-Mart will take a voting
stake of 53.56 percent in Seiyu, up from the current 42.48
percent.

CONTACT:

Seiyu Ltd (the)
1-1 Akabane 2-Chome
Sunshine 60 Building
Kita-Ku 115-0045, Tokyo 170-6071
JAPAN
Phone: +81 3 3598 7639
Fax: +81 3 3598 7763
Web site: http://www.seiyu.co.jp


SEIYU LIMITED: New CEO is American
----------------------------------
Seiyu Limited announced that its board has approved the
appointment of a Wal-Mart executive Edward Kolodzieski to be its
new President and Chief Executive as of December 15, Japan Today
reports.

Mr. Kolodzieski has been a board member of Seiyu, which is soon
to become a subsidiary of Wal-Mart Stores Inc, since 2004.

Seiyu will hold an extraordinary shareholders meeting on
December 15 to seek approval of the new share issues and the
management changes.

Wal-Mart will become its parent company on December 21 through
Wyoming Holding GmbH, a subsidiary wholly owned by Wal-Mart, by
third-party allotment of new shares.


SEIYU LIMITED: Widens Net Loss to JPY17.53 Bln
----------------------------------------------
Seiyu Limited posted a net loss of JPY17.53 billion for the
January-September period, versus a net loss of JPY9.04 billion
in the previous year due to sluggish store sales, according to
AFX News.

In the nine months to September, Seiyu incurred operating losses
of JPY5.74 billion, reversing a JPY2.32 billion operating profit
in the previous year as revenue fell 4.8 pct to 727.95 billion
yen.

The retailer now forecasts a larger-than-expected net loss of
JPY13.5 billion for the year to December, against its earlier
estimate of a net loss of JPY7.5 billion.


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

CITIBANK KOREA: Strike Forces Branches to Shut Down
---------------------------------------------------
About one-third of Citibank Korea's branches were shut down
Wednesday when unionized workers staged a walkout, Digital
Chosunilbo reveals.

Out of Citibank's 253 branches only 86 conducted business
normally.  ATM's and online banking also operated normally.  The
only inconvenience caused to customers was the malfunctioning
machines for there was no one to fix it.

The 2,500 workers composed of KorAm Bank union members rallied
at Jangchundan Park on Wednesday to protest against claims that
management's approach to negotiations is insincere.

"We'll return to work on Thursday but go slow by refusing to
sell investment products such as mutual funds and insurances to
customers and to draw up internal reports," the union said. It
vowed to step up industrial action if management remains
insincere.

In an apology posted on the bank's web page, Citibank Korea
president Ha Yung-ku vowed to normalize operation of branches as
soon as possible through arbitration with the union.

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


JINRO LIMITED: Barred from Raising Beer, Soju Prices
----------------------------------------------------
The Fair Trade Commission (FTC) has barred Hite Brewery Co. and
Jinro Ltd. from raising their beer and soju prices above the
level of consumer price gains for the next five years, Asia
Pulse relates.

The move was to prevent the two companies from hurting consumers
and competitors. Both companies dominate the market.  They are
the number manufacturers of beer and soju in South Korea.  The
beer maker holds a roughly 57 per cent market share, while
Jinro's portion of the soju market stands at around 55 per cent.

"There were prolonged discussions on the merits of the
government intervening in price setting, and it has been
determined that such a move is needed to preempt any moves to
raise prices," said Lee Byung-ju, the head of the FTC's
antitrust bureau.

The price cap was already imposed in July following the merger
of Hite and Jinro.  The cap will take effect from the date Hite
receives the orders. Failure to follow the new rules would put
let Hite and Jinro face fines and administrative actions.

But the new brands of beer and soju that the companies may
release are not included in the order.  The same rules may only
apply once the new brands are marketed, so any price hikes will
have to stay below the rise in consumer prices.  

Mr. Lee said the rules will not apply to wine or any other
alcoholic beverage besides beer and soju produced by either
company.

The watchdog also asked Hite and Jinro to submit a detailed plan
for approval, pledging they will not use their dominant market
positions to hurt rivals, and they should adhere to it for the
next five years.

The two firms are also required to submit a report on their
shipments to wholesalers every six months to the corporate
regulatory authority so it can keep track of any sharp increases
in sales that could be construed as distorting the market.

Hite took over Jinro in July with conditions from the FTC.

CONTACT:

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


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

ANCOM BERHAD: Issues Notice of Shares Buy Back
----------------------------------------------
Ancom Berhad issued to Bursa Malaysia Securities Berhad a notice
of shares buy back with the following details:  
   
Date of buy back from: October 17, 2005

Date of buy back to: October 25, 2005

Total number of shares purchased (units): 746,500

Minimum price paid for each share purchased (MYR): 0.665

Maximum price paid for each share purchased (MYR): 0.690

Total amount paid for shares purchased (MYR): 508,215.18

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

Number of shares purchased retained in treasury (units): 746,500

Total number of shares retained in treasury (units): 15,875,900

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

Total issued capital as diminished:  

Date lodged with registrar of companies: October 31, 2005

Lodged by:

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

CONTACT:

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


ANTAH HOLDING: Fails to Submit Annual Audited Accounts
------------------------------------------------------
Antah Holding Berhad (Antah) issued an announcement pursuant to
Paragraph 9.26(3)(a) of the Bursa Securities Listing
Requirements (Bursa Securities LR).

On September 29, 2005, Bursa Malaysia Securities Berhad made
amendments to the Bursa Securities LR which give effect to a new
policy for enforcement in relation to delays in issuance of
financial statements which is incorporated under paragraph 9.26
of the Bursa Securities LR.

Antah informed the Exchange that it is not able to comply with
Paragraph 9.23(b) of the Bursa Securities LR to issue and submit
its annual audited accounts (AAA) for the FYE June 30, 2005 to
shareholders and the Exchange within the stipulated timeframe,
ie by October 31, 2005.

In compliance with the paragraph 9.26 (3)(a) of the Bursa
Securities LR, the Company makes this announcement on the
aforesaid failure to issue and submit its AAA for the FYE June
30, 2005.

The failure to issue and submit its AAA for the FYE June 30,
2005 is due to the following:

(1) The Company's AAA for the FYE 30 June 2004 has yet to be
finalized as at to date as the Company's Auditors, Messrs. BDO
Binder is seeking confirmation on additional queries, to which
the Company is currently addressing.

To this effect, the Company had on October 17, 2005 made an
announcement on its failure to submit its AAA for the FYE 30
June 2004, pursuant to paragraph 9.26(3)(a).

(2) Messrs. BDO Binder has indicated their intention not to seek
for re-appointment at the forthcoming Annual General Meeting
(AGM) of Antah. Consequent to this, Antah has received a notice
of nomination from a shareholder on August 24, 2005 for the
nomination of Messrs. Lean Chin & Co., a member firm of Russell
Bedford International, as the new Auditors of Antah in place of
Messrs. BDO Binders.

It is a statutory requirement that the appointment of the new
Auditors for Antah can only be formalized upon the approval of
the shareholders of Antah at its forthcoming Annual General
Meeting, which is pending the finalization of the AAA for the
FYE June 30, 2004. This statutory requirement is pursuant to
Section 172 of the Companies Act, 1965.

The tentative timeline in respect of the steps taken or proposed
to be taken to achieve the issuance of the AAA for the financial
year ended June 23, 2005 is as follows:

Description Timeline Status

(1) Issuance of notice of General Meeting (including AAA) for
FYE June 30, 2004 and appointment of new Auditors at the General
Meeting Early December 2005:  To be achieved

(2) Finalizing and signing of AAA for financial year ended 30
June 2005 Mid December 2005:  To be achieved

(3) Issuance of notice of Annual General Meeting (including AAA)
End December 2005: To be achieved

Pursuant to paragraph 9.26(2) of the Bursa Securities LR, Antah
had on October 14, 2005 made an application to the Exchange to
grant an extension of time of two months to furnish the AAA for
the FYE June 30, 2005. However, the Exchange had on October 24,
2005 rejected the Company's application.

As a consequence of the non-compliance with the Bursa Securities
LR under paragraph 9.23, the Company's shares have been
suspended effective from February 2, 2005.

This announcement is dated 31 October 2005.

CONTACT:

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


ASTRO ALL: Unveils Transfer of Shares in Unit
---------------------------------------------
Astro All Asia Networks Plc (Astro) issued to Bursa Malaysia
Securities Berhad details of the Transfer of wholly owned
subsidiaries pursuant to Internal Reorganization.

The Board of Directors of ASTRO advised the following transfers
of its wholly owned subsidiaries on October 31, 2005 pursuant to
an internal reorganization (Transfers):

(1) Global Entertainment and Management Systems (BVI) Limited
(GEMS)

- Transfer of the entire share capital of 1 share of USD1.00 in
GEMS from Celestial Pictures Limited (CPL) to Celestial
Enterprises Limited (CEL) for a cash consideration of US$1.00.
Both CPL and CEL are wholly owned subsidiaries of ASTRO through
ASTRO Overseas Limited.

(2) Celestial Productions Limited (CPRL)

- Transfer of the entire share capital of two shares of HKD1.00
each in CPRL from Celestial Filmed Entertainment Limited (a
wholly-owned subsidiary of CPL) to CPL for a cash consideration
of HK$2.00.

The internal reorganization is for the purpose of re-aligning
CPL's lines of businesses to allow for greater operational
efficiency of the group.

The Transfers do not have any material effect on the
consolidated net tangible assets for the financial year ended
January 31, 2005 and are not expected to have any material
effect on the consolidated earnings of the ASTRO group for the
financial year ending January 31, 2006.

As the Transfers are between wholly owned subsidiaries of ASTRO,
none of the directors or major shareholders of the Company
and/or persons connected to them has any interest, direct or
indirect, in the Transfers.

This announcement is dated 31 October 2005.


AVANGARDE RESOURCES: Unable to Submit Annual Audited Account
------------------------------------------------------------
Avangarde Resources Berhad issued to Bursa Malaysia Securities
Berhad a monthly announcement on the status of issuance of the
outstanding prescribed financial statements.  

(1) Introduction

In compliance with the obligations pursuant to Paragraph 9.26 of
the Listing Requirements (LR) Bursa Malaysia Securities Berhad,
the Board of Directors of Avangarde Resources Berhad (ARB),
advised that the Company has failed to issue the Annual Audited
Accounts (AAA) and the Annual Reports (AR) (Prescribed Financial
Statements) from the respective due dates as required under
paragraph 9.23 of the LR.

(2) Obligation of ARB, pursuant to Paragraph 9.26 of the LR

Pursuant to Paragraph 9.26 of the LR, ARB is required to make a
periodic announcement on a monthly basis on the status of the
issuance of the outstanding Prescribed Financial Statements.

The Company is still waiting for the company's auditor Messrs.
KPMG Desa Megat & Co. to issue the AAA for the year ending
December 31, 2002. The AAA for the year ending December 31,
2003, 2004 and the AR for 2002, 2003 & 2004 can only be prepared
after the issuance of the AAA for the year ending December 31,
2002.

The issuance of the AAA for the year ending December 31, 2002 is
expected to be approximately two months from the date of this
announcement. The AAA for 2003 & 2004 and the AR for 2002, 2003
& 2004 will be followed soon after.

(3) Consequences of non-compliance with the obligations

In the event ARB fails to comply with all the provisions under
paragraph 9.23, subject to any extension of time granted by the
Bursa Malaysia Securities Berhad, Bursa Malaysia Securities
Berhad may take action against ARB including the possibility of
de-listing.

This announcement is dated 31 October 2005.

CONTACT:

Avangarde Resources Berhad
2nd Floor, 17 & 19, Jalan Brunei Barat,
Pudu 55100, Kuala Lumpur Malaysia
Telephone: (60) 3 242 6689
Fax: (60) 3 244 1854


CONSOLIDATED FARMS: Misses Payment to Credit Facilities
-------------------------------------------------------
The Board of Consolidated Farms Berhad (Confarm) submitted to
Bursa Malaysia Securities Berhad the following announcements:

(1) Monthly Status Announcement: Practice Note No. 1/2001

The Confarm Group has been unable to pay the amount of principal
and/or interest in respect of its credit facilities as at
October 31, 2005 as set out in Table 1.

To view a full copy of Table 1, click
http://bankrupt.com/misc/ConsolidatedFarmsTable1110305.pdf

(2) Monthly Status Announcement: Practice Note No. 4/2001

On October 10, 2005, Avenue Securities Sdn Bhd, on behalf of
Confarm, advised that Confarm together with Wong Kian Teck, Wong
Kin Sang, Yap Yee Huat, Wong Kian Wah, Tay Chun Yong, Tang Kam
Har and Yap Sun Hian, agreed to extend the period for the
fulfillment of the conditions precedent as set out in the Heads
of Agreement dated October 11, 2004 (as amended and supplemented
by the Re-stated Heads of Agreement dated December 31, 2004 and
the Supplemental Heads of Agreement dated March 30, 2005) from
October 10, 2005 to April 10, 2006 or such later date(s) as the
parties may mutually agree in writing.

As a consequence of this, the cut-off date for the fulfillment
of the conditions precedent as set out in the Share Sale
Agreement dated December 31, 2004 (as amended and supplemented
by the Re-Stated Share Sale Agreement dated March 30, 2005), the
Share Sale Agreement dated December 31, 2004 (as amended and
supplemented by the Re-Stated Share Sale Agreement dated March
30, 2005) and the Sale of Shares Agreement dated March 30, 2005
are also extended from October 10, to April 10, 2006 or such
later date(s) as the parties may mutually agree in writing.

Please refer to the Company's announcement dated October 10,
2005 for further details.

On October 12, 2005, Avenue Securities Sdn Bhd, on behalf of
Confarm, announced that the Company and the Bun Seng Group
Shareholders have agreed to revise certain terms of the Proposed
Restructuring Scheme and the Company had on the same day
submitted an appeal (Appeal) against the decision of the
Securities Commission (SC) of not approving the Proposed
Restructuring Scheme of Confarm.

As at the date of this announcement, the decision of the SC on
the Appeal is still pending.

This announcement is dated 31 October 2005.

CONTACT:

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


GEORGE TOWN: Sees no Changes to Outstanding Financial Statement
---------------------------------------------------------------
George Town Holdings Berhad disclosed to Bursa Malaysia
Securities Berhad that other than previously announced, there
has been no further development on the status of its outstanding
financial statements.

CONTACT:

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


KL INFRASTRUCTURE: Seeks Waiver of Compliance to Debt Service
-------------------------------------------------------------
In compliance with Paragraph 3.1(b) of PN17/2005 of the Listing
Requirements of Bursa Malaysia Securities Berhad, the Board of
Directors of KL Infrastructure Group Berhad (KLINFRA) announced
the following development since the last announcement on October
28, 2005 relating to the Company's plan to regularize its
condition.

The Directors of the subsidiary company is still in the process
of preparing the formal application to the lenders to waive
compliance with the debt service ratio requirement for repayment
of interest due on December 29, 2005.

This announcement is dated 31 October 2005.


MBF CORPORATION: Unit Fails to Pay Loan Principal
-------------------------------------------------
MBF Corporation Berhad unveiled to Bursa Malaysia Securities
Berhad the Loan Repayment Default by MBf Leasing Sdn Bhd.

MBf Corporation Berhad (MBf Corp) informed the Exchange that its
wholly owned subsidiary, MBf Leasing Sdn Bhd (MBfL) was unable
to repay a loan principal sum of MYR24,478,317 on October 21,
2005 to its Scheme B Creditors, due to certain assumed planned
assets disposals and non-performing loans recoveries failing to
materialize. In addition, there was a shortfall of MYR236,616.99
in interest repayment to all Scheme Creditors for the month of
October 2005.

Measures taken to address default

MBfL had circulated an Information Memorandum to all its Scheme
Creditors to seek agreement on some proposed variations on the
settlement of the outstanding obligations as well as a reduction
on the interest rate. Negotiations with the Scheme Creditors are
ongoing.

Financial and Legal Implications

Scheme B Creditors are secured against the Trust Assets of MBfL.
The Scheme Creditors have not formally exercise their right to
call an Event of Default as provided under the existing terms of
the Scheme of Arrangement, which also provides that the Majority
Creditors may direct and take possession and control of landed
property and premises and all Trust Assets of MBfL and to
realise and dispose of such Trust Assets.

MBf Corp has provided a guarantee in respect of a MYR40 million
Guaranteed Recovery Sum to Scheme C Creditors. Under the
existing terms of the Scheme of Arrangement, MBfL is required to
distribute the recovery proceeds from the Non-Performing Assets
on a quarterly basis in order to settle this obligation by the
fifth anniversary of the Effective Date which falls on October
22, 2007.

Event of Default/Cross Default

Under the existing terms of the Scheme of Arrangement, the above
default in repayment is an event of default.

Yours faithfully,

MBf Corporation Berhad
Lau Cheong Koon
Company Secretary


POHMAY HOLDINGS: Aims to Restructure Group's Loans
--------------------------------------------------
In relation to the status of default in payment pursuant to
PN1/2001, the Board of Directors of Pohmay Holdings Berhad
informed Bursa Malaysia Securities Berhad that there is no
change to the status of default in payments of interest and
principal sums to the Lenders since the last announcement on
September 30, 2005.

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

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

This announcement is dated 31 October 2005.

CONTACT:

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


POS MALAYSIA: Issues New Shares for Listing, Quotation
------------------------------------------------------
POS Malaysia & Services Holdings Berhad advised that its
additional 91,000 new ordinary shares of MYR1.00 each issued
pursuant to the Employee Share Option Scheme will be granted
listing and quotation by Bursa Malaysia Securities Berhad with
effect from 9:00 a.m., Monday, November 7, 2005.

CONTACT:

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


RHB CAPITAL: Details Conversion of Call Warrants
------------------------------------------------
RHB Capital Berhad submitted to Bursa Malaysia Securities Berhad
details of the conversion of its call warrants issued by Rashid
Hussain Berhad (Call Warrants 2003/2007).
   
On behalf of Rashid Hussain Berhad, RHB Capital disclose to the
Exchange the movement of the Call Warrants 2003/2007 up to
October 31, 2005, pursuant to paragraph 5.11(2) of the Bursa
Securities LR:

Particulars                    Number of Call Warrants 2003/2007

The number of Call
Warrants 2003/2007
exercised during the
month of October 2005                       Nil

The cumulative number
of Call Warrants
2003/2007 exercised
up to October 31, 2005                     Nil

The number of Call
Warrants 2003/2007
outstanding as at
October 31, 2005                        340,438,934

This announcement is dated 31 October 2005.

CONTACT:

RHB Capital Bhd   
Level 8, Tower Three RHB Centre,
Jalan Tun Razak,
Kuala Lumpur Wilayah
Persekutuan 50400 Malaysia
Telephone: 03-92806777   
Fax: 03-92806507


SETEGAP BERHAD: Bourse to Suspend Trading of Securities
-------------------------------------------------------
On March 4, 2005, Setegap Berhad (SB) advised Bursa Malaysia
Securities Berhad that the Company is an affected listed issuer
pursuant to Practice Note 17/2005 of Bursa Malaysia Securities
Berhad (Bursa Securities) Listing Requirements (PN 17/2005) and
is accordingly required to comply with the requirements of PN
17/2005 (First Announcement).

Pursuant to PN 17/2005, SB as an affected listed issuer is
required to submit a regularization plan to the relevant
authorities for approval within eight (8) months from the date
of the First Announcement, and to implement the regularization
plan within the timeframe stipulated by the relevant authorities
or where no timeframe has been stipulated or allowed by the
relevant authorities, within the timeframe as imposed by Bursa
Securities.

SB had on October 14, 2005 sought an extension of time of up to
six (6) months, i.e. up to May 3, 2006, for the Company to
submit a regularization plan to the relevant authorities (the
Extension).

Bursa Securities via its letter dated October 31, 2005 rejected
the Extension. Pursuant to paragraph 8.14C (4) of the Listing
Requirements of Bursa Securities, a suspension shall be imposed
on the trading of the securities on the Company on the fifth
market day after the expiry of the eight (8) months from the
date of the First Announcement. The trading of the securities of
the Company shall be suspended with effect from 9:00 a.m.,
Friday, November 11, 2005.

In respect of the above, the Company is working towards a
regularization plan soonest possible.

This announcement is dated 31 October 2005.

CONTACT:

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


SUREMAX GROUP: Unveils Appointment, Resignation of Directors
------------------------------------------------------------
Suremax Group Bhd. (Suremax) issued to Bursa Malaysia Securities
Berhad details of the resignation and appointment of Directors
in SUREMAX's subsidiary companies.

The company informed the Exchange that Encik Izhan Goh Bin
Abdullah @ Eng Tew has resigned as Director of the following
subsidiary companies of SUREMAX with effect from October 31,
2005 and Encik Jeefri Bin Muhamad Yusup was appointed as
Director in replacement thereof with effect from the same date
thereof:

(1) Julang Permai Sdn. Bhd.

(2) Palm Leisure Sdn. Bhd.

(3) Suremax Builders Sdn. Bhd.

(4) Suremax Land Sdn. Bhd.

The company further informed that Encik Ahmad Zaidi Bin Zainal
has been appointed as Director of Palm Leisure Sdn. Bhd. with
effect from the same date thereof.


SUREMAX GROUP: Explains Failure to Submit Q4 Results on Time
------------------------------------------------------------
Suremax Group Berhad furnished Bursa Malaysia Securities Berhad
an update to the Interim Financial Report for the Fourth
Financial Quarter ended August 31, 2005 (Fourth Quarter 2005
Results).

(1) Introduction

In compliance with Paragraph 9.26(3)(a) of the Listing
Requirements (LR) of Bursa Malaysia Securities Berhad (Bursa
Securities), the Board of Directors of SUREMAX advised that
SUREMAX has not submitted the Fourth Quarter 2005 Results within
a period of not later than two (2) months after the end of the
fourth quarter of the financial year ended August 31, 2005 i.e.
not later than October 31, 2005 (Relevant Timeframe) as there
was a change in the personnel in charge of the finance of
SUREMAX and this caused some backlog in the preparation of
accounts and subsequently delayed the preparation of SUREMAX's
Fourth Quarter 2005 Results.

(2) Tentative timeline in respect of steps taken to achieve
submission of Fourth Quarter 2005 Results.

SUREMAX is in the midst of finalizing the Fourth Quarter 2005
Results.

(3) Expected date of submission of Fourth Quarter 2005 Results

The expected date of submission of the Fourth Quarter 2005
Results will be on November 11, 2005.

(4) Consequences of non-compliance with Suremax's obligations
under Paragraph 9.22

The consequences of SUREMAX's non-compliance with Paragraph 9.22
of the LR of Bursa Securities are as follows:

(a) SUREMAX must make an immediate announcement to the Exchange
on the date of expiry of the Relevant Timeframe on SUREMAX's
failure to issue the outstanding Fourth Quarter 2005 Results on
or before the expiry of the Relevant Timeframe including the
reasons for such failure; and

(b) Announce the status of the issuance of the outstanding
Fourth Quarter 2005 Results on or before the last market day of
each month following the date of expiry of the Relevant
Timeframe until the issuance of the outstanding Fourth Quarter
2005 Results;

which shall, in addition, include the information contained in
Part I of Appendix 9A of the LR of Bursa Securities.

If SUREMAX fails to issue the Fourth Quarter 2005 Results within
3 months from the expiry of the Relevant Timeframe (Suspension
Deadline), in addition to any enforcement action that the
Exchange may take, the Exchange shall suspend trading in the
securities of SUREMAX.

The suspension shall be effected on the market day following the
expiry of the Suspension Deadline and shall be uplifted on the
market day following the issuance of the outstanding Fourth
Quarter 2005 Results unless otherwise determined by the
Exchange.

If SUREMAX fails to issue the outstanding Fourth Quarter 2005
Results on or before the Seventh day prior to the expiry of the
Suspension Deadline (the Said Day), SUREMAX must make an
immediate announcement to the Exchange on the Said Day or in the
event that the Said Day is not a market day, on the market day
preceding the Said Day. Such announcement shall include the
information contained in Part J of Appendix 9A of the LR of
Bursa Securities.

If SUREMAX fails to issue the outstanding Fourth Quarter 2005
Results within six months from the expiry of the Relevant
Timeframe, in addition to any enforcement action that the
Exchange may take, de-listing procedures shall be commenced
against SUREMAX.

This announcement is dated 31 October 2005.

CONTACT:

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


TANJONG PUBLIC: Incorporates New Subsidiary
-------------------------------------------
Tanjong Public Limited Company (Tanjong) advised Bursa Malaysia
Securities Berhad on the incorporation of a subsidiary company.

The Board of Directors of Tanjong advised the Exchange that
Tanjong has incorporated a new company known as Pendekar Energy
(L) Ltd (PEL) under the Labuan Offshore Companies Act, 1990 on
October 31, 2005.

PEL is wholly owned by Tanjong Energy Holdings Sdn Bhd, which in
turn is wholly owned by Tanjong Power Holdings Sdn Bhd, a wholly
owned subsidiary of Tanjong.

The authorized share capital of PEL is USD10,000 divided into
10,000 ordinary shares of USD1.00 each while the issued and
paid-up share capital is USD1.00 comprising 1 ordinary share.

The above incorporation is not expected to have a material
effect on the earnings or net tangible assets of the Tanjong
Group for the year ending January 31, 2006.

PEL is intended for future use by Tanjong Group.

CONTACT:

Tanjong Public Limited Co.
Principal Office in Malaysia
Level 30, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
Telephone: 03-23813388
Fax: 03-23813399


TANCO HOLDINGS: Posts No Changes to Default Status
--------------------------------------------------
Tanco Holdings Berhad issued to Bursa Malaysia Securities Berhad
the following announcements:

(1) Monthly announcement on default in payment of interest and
principal sums by the company and certain of its subsidiaries
(The Group) pursuant to Practice Note 1/2001(PN1/2001)

(2) Monthly announcement on the status of plan to regularize its
financial condition pursuant to Practice Note 17/2005
(PN17/2005)

In relation to the status of default in payment pursuant to PN
1/2001, the Board of Directors of the Company informed the
Exchange that there is no change to the status of default in
payments of interest and principal sums to the Lenders since the
last announcement made on October 3, 2005.

In compliance with the requirements of Paragraph 3.2 of PN1/2001
and Paragraph 3.1(b) of PN17/2005, the Company informed the
Exchange that there is no new development since the last
announcement.

This announcement is dated 31 October 2005.

CONTACT:

Tanco Holdings Berhad
Jalan Desa Bandar Country Homes
48000 Rawang, Selangor Darul Ehsan 48000
Malaysia
Telephone: +60 3 6092 8333
Fax: +60 3 6091 3188


TELEKOM MALAYSIA: Bourse to List, Quote New Shares
--------------------------------------------------
Telekom Malaysia Berhad advised that its additional 123,000 new
ordinary shares of MYR1.00 each issued pursuant to the Employee
Share Option Scheme will be granted listing and quotation by
Bursa Malaysia Securities Berhad with effect from 9:00 a.m.,
Monday, November 7, 2005.

CONTACT:

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


TRANSOCEAN HOLDINGS: 27th AGM Slated for November 23
----------------------------------------------------
Notice is hereby given that the Twenty-seventh Annual General
Meeting (AGM) of Transocean Holdings Bhd will be held at Cititel
Penang (Level 3), No. 66, Jalan Penang, 10000 Penang on
Wednesday, November 23, 2005 at 10:30 a.m.

The full text of the Notice of AGM together with the Statement
accompanying the said Notice are attached herewith for your
attention.
http://bankrupt.com/misc/TransoceanHoldingsNoticeofAGM.pdf


WEMBLEY INDUSTRIES: Seeks Extension of Cut-off Date
---------------------------------------------------
Wembley Industries Holdings Berhad (WIHB) issued to Bursa
Malaysia Securities Berhad an announcement on Default in Payment
pursuant to Practice Note No. 1/2001.

In relation to the status of default in payment pursuant to
PN1/2001, the Board of Directors of the Company informed the
Exchange that there is no change to the status of default in
payments of interest and principal sums to the Lenders since
then.

In compliance with Paragraph 3.2 of PN1/2001, the Company
advised that it is in the process of taking steps to secure an
extension of the said cut-off date to fulfill the conditions
precedent stipulated in the DRA and thereafter to implement the
restructuring therein.

The Board of Directors of the Company will make available to
Bursa Malaysia Securities Berhad any updates on the
restructuring of the DRA.

This announcement is dated 31 October 2005.


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

ABOITIZ TRANSPORT: Incurs Php92.7 Mln Loss
------------------------------------------
Aboitiz Transport System Corp. suffered a net loss of Php92.7
million in the January-September period as against a net income
of Php213.72 million in the same period last year, The
Philippine Daily Inquirer reports.

The losses were blamed on increased costs and expenses,
including financial costs.

The company saw its revenues rise to Php6.3 billion from Php6.2
billion but costs and expenses grow seven percent to Php6.1
billion. Depreciation of ships and improvements rose 19 percent
year-on-year to Php699 million. It added there was a 13-percent
increase in terminal expenses and a six-percent rise in
operating costs because of higher fuel prices.

The company said it was working on several plans to bring costs
down.

End-September total assets amounted to Php9.2 billion and total
liabilities, Php5.1 billion.

Total bank debt was roughly Php2.6 billion, with no additional
borrowings made during the period.

Stockholders' equity was Php4.1 billion. Cash generated from
operations amounted to Php1.1 billion.

Aboitiz Transport said it funded capital expenditures of Php664
million with internally generated cash.

The company aims to cut debt by Php362 million during the nine-
month period.

CONTACT:

Aboitiz Transport System Corp.
12/F Times Plz. Bldg.,
United Nations Ave. cor Taft Ave.,
Ermita, Manila PH-1000, Philippines
Phone: 63 2 528 7501
Fax: 63 2 528 7618 fax
Web site: http://www.wgasuperferry.com


ABOITIZ TRANSPORT: Watchdog Approves Capital Boost
--------------------------------------------------
The Securities and Exchange Commission (SEC) has approved an
increase in the authorized capital of shipping concern Aboitiz
Transport System Corp. to Php4.07 billion, Dow Jones Newswires
reports.

The capital increased will be raised from Php2.45 billion from
Php4.07 billion, divided into four billion common shares and
74.91 million redeemable preferred shares each with a par value
of Php1.

The SEC also approved the issuance of 414.1 million new common
shares of Aboitiz Transport in exchange for 100% of Aboitiz One
Inc., 62.5 percent of Aboitiz Jebsen Bulk Transport Corp., 62.5
percent of Aboitiz Jebsen Manpower Solutions Inc., 62.5 percent
of Jebsen Maritime Inc. and 50 percent of Jebsen Management Ltd.

The new shares to be issued to the five non-listed companies
represent about 18 percent of Aboitiz Transport's outstanding
capital stock after their issuance.

The entire transaction will consolidate the transport and
logistics businesses of the Aboitiz Group, and is expected to
streamline operations and backroom processes.


FASTECH SYNERGY: Provides Debt Restructuring Update
---------------------------------------------------
The Board of Directors of the Fastech Synergy Ltd (Group) is
pleased to update its shareholders and the general public on its
financial position and ongoing discussions with its creditor
banks for the restructuring of its loans.

As previously announced, the Group has recently reached an
agreement with some of its creditor banks for a restructuring of
its principal loan amounting to approximately US$1.6Million out
of the total US$6.7Million outstanding bank loans. The terms of
the restructured loan agreement provides for a five-year
repayment period with a 1-year grace period on principal
payment. A similar restructuring proposal is currently under
discussion with the remaining creditor banks.

As of 31 October 2005, the Group is still in a net current
liability position.

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

CONTACT:

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


LIBERTY TELECOMS: Postpones ASM Until December 2
------------------------------------------------
Notice is hereby given that at the Special Meeting of the Board
of Directors of Liberty Telecoms Holdings Inc. (LTHI), held at
4:00 p.m. on October 28, 2005 at the principal place of business
of the corporation, the following matters were discussed and
resolved:

(a) Approval and adoption of the Minutes of the Special Meeting
of the Board of Directors held on August 11, 2005 at the
principal place of business of the corporation;

(b) Postponement of the Annual Regular Stockholders Meeting from
December 2, 2005 to a suitable date, time and place within Metro
Manila to be determines by the President;

Details of the above actions are manifested in the respective
official minutes thereof, copies of which shall be submitted to
the Exchange together with SEC Form 17-C within the prescribed
period.

CONTACT:

Liberty Telecoms Holdings Inc.
Technology Centre
2298 Pasong Tamo Ext.,
Makati City 1231
Philippines
Phone:  813-0377; 815-9801/8831 to 35
Fax:  816-0049


NATIONAL BANK: Strong Profit, Court Ruling Pull Up Shares
---------------------------------------------------------
Shares of Philippine National Bank (PNB) climbed 5 percent
Thursday from Php1.50 to Php31.50 on 153,000 shares, according
to The Philippine Daily Inquirer.

The surge was a result of PNB's robust profits in the first nine
months of the current fiscal year and a Supreme Court ruling
allowing the bank to claim Php73.3 million in tax credits.

PNB, the country's sixth largest lender, said it posted a net
profit of Php454 million in the first nine months of the year,
more than triple the Php142 million it recorded the year
earlier, with earnings driven by a double-digit rise in interest
income. Its nine-months earnings already topped its full year
net profit last year of Php315 million.

Also on Wednesday, the Supreme Court affirmed a Court of Appeals
decision in 2003 allowing PNB to seek Php73.3 million in tax
credits from an advanced income tax payment made in 1991.

The Supreme Court denied, for lack of merit, the petition filed
by the Bureau of Internal Revenue seeking to overturn the Court
of Appeals ruling.

CONTACT:

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


NATIONAL POWER: Mirant Sets Eyes on Assets
------------------------------------------
Mirant Philippines Inc. has signifies its interest in bidding
for National Power Corporation (Napocor), The Philippine Star
has learned.

Mirant, the largest private power producer in the country, is
interested in the privatization of Napocor's power plants.

According to Mirant Philippines president J.R. Harris, Mirant
might consider the coal or natural gas power facilities of the
state-owned power firm.

Vice president for external affairs Paul Flake, on the other
hand, said their bid for any Napocor power plant would depend on
asset valuation and market forces.

Mirant Philippines, a wholly owned subsidiary of Atlanta-based
Mirant Corp., has been aggressively expanding its operations in
the country in preparation for its planned initial public
offering (IPO).

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/


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

JPV SYSTEM: Receiving Proofs of Debt Until November 28
------------------------------------------------------
Notice is hereby given that creditors of JPV System Furniture
Pte Limited, which was wound up on Oct. 21, 2005, are required
on or before Nov. 28, 2005 to send in their names and addresses
with particulars of their debts or claims, and the names and
addresses of their solicitors (if any), to the Company
Liquidator.

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

Dated this 28th day of October 2005

John Thong How Ley
Liquidator
27 Cantonment Road
Singapore 089745


JURONG ENGINEERING: Sells Core Business, Assets
-----------------------------------------------
Jurong Engineering Limited (JEL) announced that on May 31, 2005,
it received a proposal from Ishikawajima-Harima Heavy Industries
Co. Limited (IHI) to purchase selected businesses, undertakings
and assets of the Company, for a consideration of SGD51,588,280.

The Company has agreed to sell its core business to IHI. Its
major stockholder, Chip Lian Investments Pte Limited has also
made a general offer for shares in the Company (that it already
owns) at a price of SGD2.62 per share, once the Company's
Capital Reduction Exercise takes effect.

In connection therewith, the Company entered into a sale and
purchase agreement with IHI dated June 30, 2005 to sell its
construction and engineering business, its subsidiaries and
associated companies in Thailand, India, Singapore,
Malaysia, Vietnam, Indonesia, the Middle East and elsewhere
under the name "Jurong Engineering Limited," including the
assets subsisting at completion. IHI will also be assuming all
liabilities of JEL in respect of or in connection with the
Business and the Transferred Assets.

The Company's core business is tough and competitive and, in
recent years, it has been difficult to achieve an adequate
return on capital to shareholders of the Company from the
Business. IHI's offer, which was based on the net tangible asset
value of the Group, represents an opportunity for the Company to
convert a substantial part of its assets into cash at a fair
value and exit from the Business.

In addition, the General Offer, which will take place upon the
Capital Reduction Exercise taking effect, will provide all JEL
minority shareholders with the option to exit at a price higher
than the recent historical trading price of the Company, or
continue as shareholders of the Company with Chip Lian as the
principal controlling shareholder.

The Company further announces that on Oct. 20, 2005, the
Singapore High Court confimed its Capital Reduction Exercise.

To view JEL's proposed sale of core businesses and assets, go
to:

http://bankrupt.com/misc/tcrap_jurongengineering110305.pdf

CONTACT:

Jurong Engineering Limited
25 Tanjong Kling Road
Jurong Town
Singapore 628050


LOH OPTICAL: Receiving Claims Until Next Month
----------------------------------------------
Notice is hereby given that the creditors of Loh Optical
Machinery (Singapore) Pte Limited, which is being wound up
voluntarily are required on or before Dec. 2, 2005 to send in
their names and addresses and particulars of their debts or
claims, and the names and addresses of their solicitors (if any)
to the Company Liquidators.

If so required by notice in writing by the said Liquidators,
they are to come in by their solicitors or personally and prove
their debts or claims at such time and place as shall be
specified in such notice. Failure to do so will exclude
creditors from the benefit of any distribution made before such
debts are proven.

Dated this 2nd day of November 2005

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


SINNA SERVICES: Creditors Asked to Submit Proofs of Claim
---------------------------------------------------------
Notice is hereby given that the creditors of Sinna Services Pty
Limited, which is being wound up voluntarily, are required on or
before Nov. 28, 2005 to send in their names and addresses and
the particulars of their debts or claims and the names and
addresses of their solicitors (if any) to the Company
Liquidator.

If so required by notice in writing by the said Liquidators,
they are to come in by their solicitors or personally and prove
their debts or claims at such time and place as shall be
specified in such notice. Failure to do so will exclude
creditors from the benefit of any distribution made before such
debts are proven.

Dated this 28th day of October 2005

Leow Quek Shiong
Liquidator
c/o 30 Robinson Road, #04-01 Robinson Towers
Singapore 048546


S.PRITAM: To Pay Dividend Soon
------------------------------
S. Pritam Singh Company (Private) Limited, formerly of 135 Cecil
Street, #06-03, LKN Building, Singapore 069536, posted a notice
of intended dividend at the Government Gazette, Electronic
Edition with the following details:

Name of Company: S. Pritam Singh Company (Private) Limited
Court: Singapore High Court
Number of Matter: Companies Winding Up No. 301 of 1992
Last day for receiving proofs: Nov. 11, 2005
Name  & address of Liquidators: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Dated : 28th Day of October 2005

Moey Weng Foo
Assistant Official Receiver


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

CIRCUIT ELECTRONIC: Submission of Plan Extended to November 21
--------------------------------------------------------------
Circuit Electronic Industries Public Co., Ltd. issued to the
Stock Exchange of Thailand (SET) a progress report of its
reorganization process.

March 30, 2005:

Submitted the notice of request to enter into reorganization
process to the Central Bankruptcy Court.

May 9, 2005:

The Central Bankruptcy Court ordered the company to enter into
reorganization processes according to the Bankruptcy Law
including the appointment of the company to process the
reorganization plan.  The plan is to be submitted to the Central
Bankruptcy Court within three months from the Government Gazette
announcement. The court also appointed Dharmniti Law Office to
be the Legal adviser and Phum Tasna Consultants Limited to be
the Financial adviser.

June 21, 2005:

Announced in the Government Gazette to approve the company's
entrance to the reorganization process and submit the
reorganization plan within three months from the date hereof or
on September 20, 2005.

September 20, 2005:

The reorganization plan could not be submitted to the Central
Bankruptcy Court because it is still under review and the
company is still in the process of amending the Proforma
Financial Statements.  The company submitted the notice to
extend the due date for another one month and the Central
Bankruptcy Court approved to extend the due date to October 21,
2005.

October 21, 2005:

Submitted the notice to extend the time to submit the
reorganization plan to November 21, 2005 for the reason that it
is still under review and Proforma Financial Statements still
needs to be amended, which the Central Bankruptcy Court approved
as requested.

Presently, the company is still running the business normally
with limited working capital which came from the collection from
accounts receivables.  The capacity of the company has run to
approximately 50 percent. For the first six months of year 2005,
the company's sales reached THB639.7 million and posted an
operating profit of THB29.58 million with the Net Cash of THB2
million.

Please be informed.

Yours sincerely,
Mr. Somboon Kritchanchai
Executive Vice President Finance

CONTACT:

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


T.C.J. ASIA: Appoints Members of Audit Committee
------------------------------------------------
T.C.J. Asia PLC (TCJ) informed the Stock Exchange of Thailand
(SET) that the Central Bankruptcy Court granted an order to
appoint the following Audit Committee Members:

(1) Mr. Nibhat Bhukkanasut: Chairman, Chairman of audit
committee, Independent Director

(2) Mr. Tada Phutthitada: Audit Committee, Director and the
Independent Director.

(3) Mr. Surachai Chompoopaisorn: Audit Committee, Director and
the Independent Director.

Mr. Apinun Ratchatasombat Independent Director and Audit
Committee has sent the resignation letter to TCJ which is
effective on November 30, 2005

TCJ has submitted to the Central Bankruptcy Court for
Termination of Business Reorganization on October 31, 2005.  The
court had set the hearing on November 14, 2005

Please be informed accordingly.

Yours Faithfully,
Ms. Srivilai Chatjuthamard
Plan Administrator

To view a full copy on the names of Members and Scope of
Performance of the Audit Committee, click
http://bankrupt.com/misc/TCJAsiaPublicCoLtd110305.pdf

CONTACT:

T.C.J. Asia Pcl   
89/169 Moo 7, Vibhavadi Rangsit Road,
Don Muang Bangkok    
Telephone: 0-2552-6611, 0-2552-6622   
Fax: 0-2552-7185-6   
Web site: http://www.tcj.co.th


THAI PETROCHEMICAL: Court Rules in Favor of Planners
----------------------------------------------------
The Central Bankruptcy Court ruled in favor of the plan
administrators of Thai Petrochemical Industry Public Co. Ltd.
(TPI) petition to hold an extraordinary shareholders' meeting as
soon as the company exits court rehabilitation, according to
Bangkok Post.

The court also ruled Tuesday in favor of another request from
the administrators to extend the firm's rehabilitation process
for six months to June 2006.

The court rulings benefit the creditors and the TPI planners.  
It clears the way for the new strategic partners to take
management control by appointing their own directors to the TPI
board.

Judge Ongarj Ngarmmeesee, in his ruling Wednesday, said while
the planner would end its authority over TPI once the company
exits court rehabilitation, it should have the right to call an
extraordinary shareholders' meeting to ensure the success of the
firm's debt restructuring.

"It is a normal practice in doing business that the new
investors, who will have invested nearly THB60 billion, be
concerned about their right to closely manage their investment,"
Mr. Ongarj said.

But the court junked the planners' request to bypass the
existing 12-member TPI board.  The court argued that it would
create a hostile takeover by the new investors and would be
unfair to the debtor.

According to Mr. Ongarj, any appointments of new directors must
follow the Public Company Act, which states that at least two-
thirds of the existing directors should be retained.  The new
board can have a maximum of 25 directors, including independent
directors.

"The new investors can appoint a new board. There is no need to
change the board selection rule," the judge said.

With the ruling, PTT and its strategic allies are now ready to
invest in TPI. They confirmed Wednesday their intention to buy a
combined 61.5 percent in TPI.

The restructuring plan calls for 17.55 billion new and existing
TPI shares, accounting for 90 percent of the total share
capital, to be sold at THB3.30 a share to PTT and its strategic
allies, existing shareholders and creditors. The THB57.9 billion
raised from the issue, expected to be paid in mid-December, will
be used for debt repayment to TPI creditors.

The Chairman of the planner team Gen Mongkol Ampornpisit is
positive that the Company could exit court rehabilitation before
next June.

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
  

THAI PETROCHEMICAL: Court Extends Plan Implementation Period
------------------------------------------------------------
Thai Petrochemical Industry Public Co. Ltd. (TPI) advised the
Stock Exchange of Thailand (SET) that the Central Bankruptcy
Court, ruled in favor to petitions regarding the extension of
the plan implementation period for another six months ended June
30, 2006 and the amendment of the company's Article of
Associations.
          
The company shall notify the Exchange of further details once it
receives the formal court rulings.
          
Yours sincerely,
Suwit Nivartvong
The Plan Administrator for
Thai Petrochemical Industry Pcl





Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                         Total
                                         Shareholders   Total
                                         Equity         Assets
  Company                      Ticker    ($MM)          ($MM)
  ------                       ------    ------------   ------


CHINA & HONG KONG
-----------------
Guangdong Meiya Group Co. Ltd. 000529      27.43      178.19
Guangdong Sunrise Group Co. Ltd 000030    -182.94      35.98
Hainan Dadong-A                000613     (-6.63)      17.81
Hainan Dadong-B                200613     (-6.63)      17.81
Heilongjiang Black Dragon      600187     (-29.45)    153.92
Co. Ltd.
Informatics Holdings Ltd         INFO      -6.73       27.59
Shenz China Bi-A               000017      -206.9      50.08
Shenz China Bi-B               200017      -206.9      50.08
Sichuan Topsoft Investment     000583     (-45.54)    228.05
Xinjiang Tunhe Investment      600737      47.57      476.47
Co. Ltd.

INDONESIA
---------
Barito Pacific Timber Tbk Pt    BRPT       -62.86     360.72
     
MALAYSIA
--------

Kemayan Corp Bhd                KOP      (-353.12)      84.89
Panglobal Bhd                   PGL       (-50.36)     189.92

PHILIPPINES
-----------

Pilipino Telephone Co.          PLTL     (-159.78)     280.22
Benpres Holdings Corp.          BPCP       35.72       1139.63


SINGAPORE
---------

Pacific Century Regional          PAC      -145.53    1289.71

THAILAND
--------

Asia Hotel PCL                  ASIA       (-30.12)     101.17
Asia Hotel PCL                  ASIA/F     (-30.12)     101.17
Bangkok Rubber PCL              BRC        (-57.11)      78.78
Bangkok Rubber PCL              BRC/F      (-57.11)      78.78
Central Paper Industry PCL      CPICO      (-37.02)      40.41
Central Paper Industry PCL      CPICO/F    (-37.02)      40.41
Circuit Elect PCL               CIRKIT     (-25.89)      61.3
Circuit Elect PCL               CIRKIT/F   (-25.89)      61.3
Datamat PCL                     DTM        (-1.72)       17.55
Datamat PCL                     DTM/F      (-1.72)       17.55
National Fertilizer PCL         NFC          70.66       142.61
National Fertilizer PCL         NFC/F        70.66       142.61
Siam Agro-Industry Pineapple
And Others PCL                  SAICO      (-14.71)      13.38
Siam Agro-Industry Pineapple
And Others PCL                  SAIC0/F    (-14.71)      13.38
Thai Wah Public
Company Limited-F               TWC        (-47.01)     158.87
Thai Wah Public
Company Limited-F               TWC/F      (-47.01)     158.87



                            *********


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

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

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

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
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contained herein is obtained from sources believed to be
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delivered via e-mail. Additional e-mail subscriptions for
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information, contact Christopher Beard at 240/629-3300.

                 *** End of Transmission ***