TCRAP_Public/051121.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

             Monday, November 21, 2005, Vol. 8, No. 230

                            Headlines

A U S T R A L I A

618 RECORDS: Falls Into Voluntary Liquidation
ADVANCE FIBERGLASS: Members Resolve to Wind Up Business
ANTOUN ELECTRICAL: Liquidator to Explain Wind Up Manner
A TEAM: Decides to Close Operations
BRUMAC CONCRETE: Intends to Pay Dividend to Creditors

CRIME CHECK: Winding Up Process Initiated
EAGLEVIEW ROOFING: Creditors Confirm Liquidator's Appointment
FLETCHER INVESTMENTS: Declares Final Dividend Today
GP&SJ DAVIS: Members Opt for Voluntary Liquidation
G RETAIL: Gowing Bros Blames Collapse on Rent Demands

G&T PAINTING: Court Appoints Official Liquidator
KEECH PROPERTIES: Members Convene to Review Winding Up
MACPRO PRODUCTIONS: Winds Up Business
MESSIAH CORPORATION: Enters Voluntary Liquidation
OZ DIGITAL: Nicholas Crouch Named Liquidator

POCKETMAIL GROUP: Unveils Restructure, Recapitalization Proposal
PUBLIC EVENT: Schedules Final Meeting Nov. 28
QANTAS AIRWAYS: PM Says Tie-up with Rival a Perfect Match
QANTAS AIRWAYS: May Let Go of Catering Biz
STEWARTS INVESTMENTS: Shuts Down Operations

TELSTRA CORPORATION: Costello Tells Management to Calm Down
TUSKA PTY: Placed Under Voluntary Liquidation
VINEYARD MANAGEMENT: Declares Preferred Dividend
WEARPACT PTY: Members to Get Liquidator's Report
Y.O. INTERNATIONAL: Members Agree to Liquidate Firm


C H I N A  &  H O N G  K O N G

APPLIED INTERNATIONAL: Buys Back 140K Shares
ASIATEX INTERNATIONAL: Receives Winding Up Order
BESTWAY INTERNATIONAL: Notes Unusual Volume Movement
CAREER SERVICES: Creditors Final Meeting Set Dec. 19
E&A NEOPRENE: Creditors to Meet Dec. 12

FIRST DRAGONCOM: Winding Up Hearing Set Nov. 30
GENTFORD TRADING: Set to End Operations
HARVEY TECHNOLOGY: Winding Up Hearing Fixed Dec. 21
INDUSTRIAL AND COMMERCIAL: Eyes Dual HK, China Listing
KSM LIMITED: Winding Up Petition Slated for Dec. 21

MANWIN DEVELOPMENT: Court Issues Winding Up Order
NOBLE VIEW: Enters Winding Up Process
WAI SHUN: Appoints Cosimo Borreli as Liquidator
WELL FAVOUR: Set to Wind Up Operations
WEON LIMITED: Court to Hear Winding Up Petition Dec. 21


I N D I A

BPL LIMITED: Shuts Down NOIDA Operations
ESCORTS LIMITED: Seeks to Appoint New Executives
FOOD CORPORATION: Holds Food Grains Despite Legal Notice
LML LIMITED: Allots Equity Shares at INR10 Each


I N D O N E S I A

KIANI KERTAS: Attracts New Investors Despite Signing Deal
MERPATI NUSANTARA: Seeks to Borrow IDR45 Bln from Deutsche Bank
PERTAMINA: Expects 33% Rise in Fuel Demand
PERTAMINA: Discussions Delaying Government Takeover


J A P A N

MITSUBISHI MOTORS: Unveils 20% Growth in Saudi Market
SANYO ELECTRIC: Exec to Bow Out to Take Blame for Losses
SOFTBANK CORPORATION: JCR Assigns BBB to Bonds
SOFTBANK CORPORATION: Discloses Three-for-One Share Split
SONY CORPORATION: Ties Up With NEC on DVD Drives


K O R E A

MANDO CORPORATION: Halla Engineering Joins Bidding Race


M A L A Y S I A

AMSTEEL CORPORATION: Embarks on Renounceable Rights Trading
ANCOM BERHAD: Purchases Ordinary Shares
APP INDUSTRIES: Books Net Loss in 3Q/FY05
BUKIT KATIL: Releases Qualified Auditors' Report
DFZ CAPITAL: Converts ICPS to Ordinary Shares

DUOPHARMA BIOTECH: Issues New Shares for Listing, Quotation
GULA PERAK: Trading of Warrants A, B Set Dec. 5
HAP SENG: Buys Back 2,100 Ordinary Shares
KRETAM HOLDINGS: Net Loss Reaches MYR3,814,000
LINEAR CORPORATION: Updates Wind Up Petition on Unit

LINEAR CORPORATION: Holds Shares Buy Back
LION FOREST: Net Loss Dips to MYR4,438,000
MAGNUM CORPORATION: Issues Shares Buy Back Notice
PACIFIC & ORIENT: Buys Back Ordinary Shares
PACIFIC & ORIENT: New Shares Up for Listing, Quotation

PACIFICMAS BERHAD: Purchases Pacific Dividend Fund Units
PANTAI HOLDINGS: Bourse to List, Quote New Shares


P H I L I P P I N E S

LEPANTO CONSOLIDATED: Trades Fully Paid Shares
LMG CHEMICALS: Sees Prospective Investor for Petrocorp
MANILA ELECTRIC: VAT to Appear on December Bills
METRO PACIFIC: Confirms Investment Talks with Groupe Egis
NATIONAL BANK: To Trim Bad Loans to Meet 2005 Profit Target

NATIONAL POWER: ERC to Decide on Rate Hike Before Yearend
PHILIPPINE AIRLINES: Cuts Fuel Surcharges on Cargo
PHILIPPINE AIRLINES: To Bid Paper Tickets Goodbye


S I N G A P O R E

CHARTERED SEMICONDUCTOR: Expands Agreement with Infineon
ESPLANADE INVESTMENTS: Intends to Pay Dividend to Creditors
KEPPEL TUAS: Asks Creditors to Submit Debt Claims
MBF DISCOUNT: Receiving Proofs of Debt Until Next Month
ODYSSEY SECURE: Contributory Seeks Winding Up


T H A I L A N D

KRUNG THAI: Fitch Affirms Ratings
SIAM AGRO-INDUSTRY: Clarifies Difference in Sales, Net Profit
THAI NAM: 3Q Result Swings to Black

     -  -  -  -  -  -  -  -

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

618 RECORDS: Falls Into Voluntary Liquidation
---------------------------------------------
At a general meeting of the members of 618 Records Pty Limited
held on Oct. 20, 2005, the following resolutions were passed:

SPECIAL RESOLUTION

That the Company be wound up voluntarily.

ORDINARY RESOLUTION

That Nicholas David Cooper and Andre Janis Strazdins of
SimsPartners, Level 4, 12 Pirie Street, Adelaide SA 5000 be
nominated as Joint & Several Liquidators for the winding up.

Dated this 24th day of October 2005

Nicholas D. Cooper
Andre J. Strazdins
SimsPartners
Level 4, 12 Pirie Street
Adelaide SA 5000


ADVANCE FIBERGLASS: Members Resolve to Wind Up Business
-------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Advance Fiberglass Pty Limited held on Oct.
24, 2005, it was resolved that the Company be wound up
voluntarily, and Messrs Clyde Peter White and Philip Newman of
HLB Mann Judd Chartered Accountants, Level 1, 160 Queen Street,
Melbourne were appointed as Joint and Several Liquidators at a
creditors' meeting held that same day.

Dated this 24th day of October 2005

Philip Newman
Clyde P. White
Joint Liquidators
HLB Mann Judd Chartered Accountants
Level 1, 160 Queen Street
Melbourne 3000


ANTOUN ELECTRICAL: Liquidator to Explain Wind Up Manner
-------------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Antoun Electrical Services Pty Limited will be held
on Nov. 28, 2005, 10:00 a.m. at Hall Chadwick Level 29, 31
Market Street, Sydney, NSW 2000, for the following purposes:

BUSINESS

(1) To receive the Liquidator's report of his acts and dealings
and of the conduct of the winding up during the liquidation
period ending on Nov. 28, 2005.

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

(3) Any other business.

Dated this 11th day of October 2005

Robert Elliott
Liquidator
C/o Hall Chadwick
Level 29, 31 Market Street
Sydney NSW 2000


A TEAM: Decides to Close Operations
-----------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of A Team Concrete (Aust) Pty Limited held on
Oct. 25, 2005, it was resolved that the Company be wound up
voluntarily, and Robert Whitton of Level 7, 1 Margaret Street,
Sydney NSW 2000 was appointed as Liquidator of the Company.

Dated this 25th day of October 2005

Robert W. Whitton
Liquidator
C/o Lawler Partners Chartered Accountants
Level 7, 1 Margaret Street
Sydney NSW 2000


BRUMAC CONCRETE: Intends to Pay Dividend to Creditors
-----------------------------------------------------
Brumac Concrete Pty Limited will declare a first and final
priority dividend today, Nov. 21, 2005.

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

Dated this 20th day of September 2005

Gerald T. Collins
Liquidator
C/o Horwath BRI Brisbane
Level 4, 370 Queen Street
Brisbane Qld 4000


CRIME CHECK: Winding Up Process Initiated
-----------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Crime Check Education Systems Pty Limited held
on Oct. 20, 2005, it was resolved that the Company be wound up
voluntarily, and Wayne Benton of PPB Chartered Accountants,
Level 10, 90 Collins Street, Melbourne, Victoria was appointed
as Liquidator for such purpose.

Dated this 20th day of October 2005

Wayne Benton
Liquidator
PPB Chartered Accountants
Level 10, 90 Collins Street
Melbourne Vic 3000


EAGLEVIEW ROOFING: Creditors Confirm Liquidator's Appointment
-------------------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Eagleview Roofing Trust held on Oct. 28, 2005, it was
resolved that the Company be wound up voluntarily, and that Sule
Arnautovic of Jirsch Sutherland Chartered Accountants be
appointed as Liquidator for the winding up. Creditors confirmed
the Liquidator's appointment at a creditors' meeting held later
that day.

Dated this 31st day of October 2005

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


FLETCHER INVESTMENTS: Declares Final Dividend Today
---------------------------------------------------
Fletcher Investments Pty Limited will declare a first and final
dividend on Nov. 21, 2005.

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

Dated this 27th day of September 2005

Page Kirk & Jennings
Level 2, Garland House
52 Kings Park Road, West Perth WA 6005


GP&SJ DAVIS: Members Opt for Voluntary Liquidation
--------------------------------------------------
Notice is hereby given that at a general meeting of the members
of GP&SJ Davis Pty Limited held on Oct. 21, 2005, it was
resolved that the Company be wound up voluntarily, and that
William Balfour Rangott of Rangott Slaven Hundy, Level 3,
Engineering House, 11 National Circuit, Barton, ACT be appointed
Liquidator for the winding up.

Dated this 1st day of November 2005

William B. Rangott
Rangott Slaven Hundy
Level 3, Engineering House
11 National Circuit, Barton ACT


G RETAIL: Gowing Bros Blames Collapse on Rent Demands
-----------------------------------------------------
Gowing Bros has refuted claims it forced G Retail Limited into
administration, The Australian reports.

Gowing Bros denied the main reason of G Retail's collapse was
its refusal to agree with potential buyer Lowes Menswear on
terms for use of the century-old retailing name.

Gowing chairman Tony Salier said it was demand for major rent
reduction at the stores Gowing owned that had lead to the
breakdown of talks.

Mr. Salier explained the requested rental cut, in excess of a
20-percent annual reduction in rental receipts, would equate to
a reduction in the market value of Gowing's market share value
of its Market Street property of more than AU$8 million, or
about 20 percent if its share.

The Gowing family split the business in 2001 into two separately
listed firms. One business was listed under the property and
business name. The other, G Retail, spread around four Sydney
sites.

Gowing Bros has a 19.4 percent stake in G Retail.

"The decision to place G Retail into administration was that of
the board of G Retail and not the decision of Gowing Bros," Mr.
Salier stressed.

Gowing Bros, which started the menswear business 137 years ago,
has written to G Retail terminating the use of the Gowings name
in its license agreement. However, administrators are contesting
the family's position regarding the Gowings brand. About 300
creditors and suppliers are owed AU$4.5 million.

CONTACT:

G Retail Ltd
Level 6, 15 Castlereigh Street
Sydney NSW 2000
Web site: http://www.gowings.com/


G&T PAINTING: Court Appoints Official Liquidator
------------------------------------------------
On Oct. 25, 2005, the Supreme Court of New South Wales, Equity
Division ordered that Christopher J. Palmer be appointed as
Official Liquidator for the winding up of G&T Painting Services
Pty Limited.

Dated this 8th day of November 2005

Christopher J. Palmer
Liquidator
O'Brien Palmer
Level 4, 23-25 Hunter Street
Sydney NSW 2000


KEECH PROPERTIES: Members Convene to Review Winding Up
------------------------------------------------------
Notice is hereby given that the final meeting of the members of
Keech Properties Pty Limited will be held on Nov. 28, 2005,
10:00 a.m. at the offices of Capricorn Business Services, Suite
4, Level 5, 56 Station Street, Parramatta NSW, to lay before the
meeting the Liquidator's final account and report, and to give
any explanation thereof.

Dated this 17th day of October 2005

Frank A. Mason
Liquidator
Suite 4, Level 5, 56 Station Street
Parramatta NSW


MACPRO PRODUCTIONS: Winds Up Business
-------------------------------------
Notice is given that at a general meeting of the members of
Macpro Productions Pty Limited held on Oct. 21, 2005, Susan
Carter and Jason Bettles of Downie Insolvency, Level 6, Fifty
Cavill Avenue, Surfers Paradise, Queensland were appointed as
Liquidators in the winding up of the Company.

Dated this 27th day of October 2005

Jason Bettles
Susan Carter
Joint Liquidators
Downie Insolvency
Web site: http://www.downieinsolvency.com.au/


MESSIAH CORPORATION: Enters Voluntary Liquidation
-------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Messiah Corporation Pty Limited held on Oct.
21, 2005, it was resolved that the Company be wound up
voluntarily, and William Bernard Abeyratne and Loke Ching Wong
of Harrisons Insolvency, Level 5, 150 Albert Road, South
Melbourne were appointed as Joint and Several Liquidators for
such winding up.

Dated this 21st day of October 2005

William B. Abeyratne
Loke Ching Wong
Joint Liquidators
C/o Harrisons Insolvency
Level 5, 150 Albert Road
South Melbourne Vic 3205
Phone: 03 9696 2885


OZ DIGITAL: Nicholas Crouch Named Liquidator
--------------------------------------------
Notice is hereby given that at a meeting of the members of Oz
Digital Australia Pty Limited held on Oct. 24, 2005, it was
resolved that the Company be wound up voluntarily, and Nicholas
Crouch of Crouch Insolvency Chartered Accountants, Level 28, 31
Market Street, Sydney NSW 2000 was appointed as Liquidator for
such purpose.

Dated this 24th day of October 2005

Nicholas Crouch
Liquidator
Crouch Insolvency Chartered Accountants
Level 28, 31 Market Street
Sydney NSW 2000


POCKETMAIL GROUP: Unveils Restructure, Recapitalization Proposal
----------------------------------------------------------------
Following a recent review of the operations and financial
position of PocketMail Group Limited (the Company), and in
particular the Company's working capital position, it has been
determined that the Company is in need of a restructure and
recapitalization.

To this end, the Company is pleased to announce that it has
agreed with a proposal presented by Arthur Phillip Pty Limited
(Arthur Phillip) for the restructure and recapitalization of the
Company. This proposal is subject to completion of due diligence
and the requotation (lifting of suspension) of the Company's
shares on the Australian Stock Exchange (ASX).

The proposed restructure and recapitalization will involve the
following:

(a) a consolidation of capital of the Company on a one for 20
basis;

(b) the Company entering into a share sale agreement, pursuant
to which it will sell its various subsidiary entities which hold
the existing business of the Company in consideration for the
assumption by the purchaser of all liabilities relating to the
business insofar as these liabilities are the obligation of the
Company, including all lease arrangements, rental agreements,
employee liabilities and the transfer of loans made by Bindera
Pty Ltd and Kelly Group Holdings Pty Ltd to the company other
than an amount of AU$555,000. The purchaser of the subsidiaries
is to be an independent third party or in the event final
agreement cannot be reached an entity associated with Andrew
Kelly;

(c) the Company retaining an exclusive license to the PocketMail
technology in Australia for a period of 10 years and continuing
with its Australian operations;

(d) the Company undertaking a five for one non-renounceable
fully underwritten rights issue at one cent per share, subject
to ASX approval to raise approximately AU$1,384,281;

(e) the Company making a placement of 50,000,000 shares at an
issue price of one cent per share (post consolidation) to raise
an additional AU$500,000; and

(f) a restructure of the board of directors of the Company as
determined by Arthur Phillip.

The Company will also arrange to finalize its annual report for
the financial year ended June 30, 2005, deliver a copy of that
report to the ASX and seek a lifting of the suspension of its
shares.

The Company will continue operating the PocketMail business in
Australia (through a new entity) and will maintain its
Australian subscriber base of approximately 4,000 subscribers.
The restructure and recapitalization will also allow the Company
to seek out a new opportunities as and when they arise and any
such opportunity will be placed before shareholders.

To cover the expenses of the restructure and recapitalization,
the Company will:

(a) undertake an immediate placement of 15% of the capital of
the Company being 72,000,000 pre consolidation shares at 0.05
cents per share (this will represent 3,600,000 post
consolidation shares at one cent each) to raise AU$36,000; and

(b) subsequently issue a convertible note with a face value of
AU150,000 a term of three years and a conversion price of
AU$0.0025 per post consolidation share. The notes will be issued
to Arthur Phillip or its nominees. The shares when issued will
have an attaching one for one option.

A notice of meeting with an independent expert's report will be
dispatched to shareholders in the coming weeks to seek
shareholder approval to give effect to the above and will
contain detailed information on the Company, the proposed
restructure and recapitalization and the future direction of the
Company.

CONTACT:

PocketMail Group Limited
Level 3, 275 Alfred Street
North Sydney, NSW 2060
Phone: (02) 9955 0500
Fax: (02) 8904 9943
Web site: http://www.pocketmail.com


PUBLIC EVENT: Schedules Final Meeting Nov. 28
---------------------------------------------
Notice is given that a meeting of the creditors of Public Event
Group Pty Limited will be held on Nov. 28, 2005, 10:00 a.m. at
the offices of Ferrier Hodgson, Level 17, 2 Market Street,
Sydney, NSW, to present the Liquidator's account showing the
manner of the winding up and disposal of the property of the
Company, and to hear any explanations that may be given by the
Liquidator.

Dated this 25th day of October 2005

Steven Sherman
Liquidator
Ferrier Hodgson
Level 17, 2 Market Street
Sydney NSW 2000


QANTAS AIRWAYS: PM Says Tie-up with Rival a Perfect Match
---------------------------------------------------------
Prime Minister John Howard and Singaporean counterpart Lee Hsien
Loong met last week to discuss the fate of Qantas Airways and
Singapore Airlines, Sydney Morning Herald reveals.

During a 40-minute meeting between the two leaders at the Asia-
Pacific Economic Co-operation forum, Mr. Lee pressed Mr. Howard
to give Singapore Airlines access to Qantas routes.

Mr. Howard told Mr. Lee that the Government was studying options
for deregulating the aviation market in Australia.

He said that Qantas and Singapore Airlines should merge into a
"great regional airline", but added the decision on whether the
two airlines would merge was ultimately a commercial one.

He did not say whether the Government would encourage more
foreign ownership in Qantas.

The Cabinet is due to examine options next month to allow other
airlines, such as Singapore, Emirates and Virgin Blue, to
compete against Qantas as well as reducing the limit on foreign
ownership of the national carrier.

Qantas Chief Executive Geoff Dixon, declined to comment. But he
recently said the moment had probably passed for a tie-up
between the two. Singapore Airlines hinted it might have plans
to merge with Qantas in future.

CONTACT:

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


QANTAS AIRWAYS: May Let Go of Catering Biz
------------------------------------------
Qantas Airways Limited is considering selling its catering
division for AU$400 million, as part of cost-cutting efforts,
The Australian reveals.

Investment bank UBS is running a sale process aimed at private
equity firms as well as trade buyers for Qantas Flight Catering
(QFCL), which provides meals for passengers flying on Qantas,
British Airways, Emirates and Singapore Airlines.

The sales process is understood to have attracted a relatively
small number of interested parties, partially because Qantas
wants buyout firms either to have experience in the area or to
partner with a trade buyer.

QFCL performed well in the half year to last February,
generating a 27.3 percent increase in earnings to AU$46.6
million, but the full-year result was depressed by a number of
one-off factors in the second half of the year. Even after those
were taken out of the equation, full-year earnings before
interest and tax fell 13 per cent to AU$77.8 million.


STEWARTS INVESTMENTS: Shuts Down Operations
-------------------------------------------
Notice is hereby given that at a general meeting of the members
of Stewarts Investments Pty Limited held on Oct. 24, 2005, it
was resolved that the Company be wound up voluntarily, and that
Robert Eugene Murphy, Chartered Accountant of R. E. Murphy & Co.
Chartered Accountants, Level 9, 46 Edward Street, Brisbane Qld
4000 be appointed as Liquidator for such purpose.

Dated this 24th day of October 2005

Robert E. Murphy
Liquidator
R. E. Murphy & Co. Chartered Accountants
Level 9, 46 Edward Street
Brisbane Qld 4000


TELSTRA CORPORATION: Costello Tells Management to Calm Down
-----------------------------------------------------------
Treasurer Peter Costello warned Telstra Corporation's new
management to stop whining and start running the telco within
the rules, The Advertiser reports.

Mr. Costello said the new management, led by Sol Trujillo,
needed to realize the regulatory framework governing them.

"There has been a lot of talk from the company about the
regulatory regime (which) is set by the Government to make
services competitive and the company has to work within that,"
he said.

"There is no point in complaining all the time."

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/


TUSKA PTY: Placed Under Voluntary Liquidation
---------------------------------------------
Notice is hereby given that on Oct. 25, 2005, the following
special resolution was passed:

That Tuska Pty Ltd be wound up voluntarily relating to a
Creditors' Voluntary Winding Up, and that B.J. Marchesi,
Chartered Accountant of Level 5, 332 St. Kilda Road, Melbourne
be appointed as Liquidator for the winding up.

Dated this 26th day of October 2005

B. J. Marchesi
Liquidator
Bent & Cougle Pty Limited Chartered Accountants
Level 5, 332 St Kilda Road
Melbourne Vic 3004


VINEYARD MANAGEMENT: Declares Preferred Dividend
------------------------------------------------
Vineyard Management & Services Pty Limited will declare a first
and final preferred dividend today, Nov. 21, 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

Richard G. Freer
Liquidator
Freer Parker & Associates
40 Sturt Street, Adelaide SA 5000
Phone: 08 8211 7177
Fax:   08 8212 4677


WEARPACT PTY: Members to Get Liquidator's Report
------------------------------------------------
Notice is hereby given that the final meeting of the members of
Wearpact Pty Limited will be held on Nov. 28, 2005, 10:00 a.m.
at the offices of Capricorn Business Services, Suite 4, Level 5,
56 Station Street, Parramatta NSW, to present the Liquidator's
final account and report, and to give any explanation thereof.

Dated this 17th day of October 2005

Frank A. Mason
Liquidator
Suite 4, Level 5, 56 Station Street
Parramatta NSW


Y.O. INTERNATIONAL: Members Agree to Liquidate Firm
---------------------------------------------------
Notice is hereby given that at meeting of the members of Y.O.
International Pty Limited held on Oct. 24, 2005, a Special
Resolution was passed that the Company be wound up voluntarily,
and R., J. May was appointed as Liquidator for the winding up.

Dated this 24th day of October 2005

R. J. May
Liquidator
C/o KPMG
Level 30, Central Plaza One
345 Queen Street, Brisbane Qld 4000


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

APPLIED INTERNATIONAL: Buys Back 140K Shares
--------------------------------------------
Applied International Holdings Limited (0519) bought back
140,000 shares at the prices ranging from $0.415-0.425, or at a
total of $58,600 on November 17, Infocast News reports.  

The company has current assets of HK$63.05 million in the first
half of 2005 while current liabilities stood at HK$102.64
million, Chong Hing Securities relates.

The Group is engaged in the manufacture, design, marketing and
distribution of consumer electronic products, manufacture and
distribution of health care products, property investment and
property development.

CONTACT:

Applied International Holdings Limited
Unit 3402, 34th Floor
China Merchants Tower
Shun Tak Centre, 168-200
Connaught Road Central
Hong Kong  
Phone: 25538267  
Fax: 28734676  
Web site: http://www.appliedintl.com


ASIATEX INTERNATIONAL: Receives Winding Up Order
------------------------------------------------
Asiatex International Limited, whose office address is located
on the 13th & 14th Floors Rays Industrial Building 71 Hung to
Road Kowloon, issued a winding up order notice in the High Court
of the Hong Kong Special Administrative Region Court of First
Instance on November 2, s2005.

Date of Presentation of Petition: September 7, 2005

Dated this 11th day of November 2005

ET O'Connell
Official Receiver


BESTWAY INTERNATIONAL: Notes Unusual Volume Movement
----------------------------------------------------
The Stock Exchange has received a message from Bestway
International Holdings Limited, which is reproduced as follows:

The company has noted today's increases in the trading volume of
the shares of the Company and wishes to state that we are not
aware of any reasons for such increases.

The company also confirm that, save as the interim result
announcement dated on November 15, 2005, there are no
negotiations or agreements relating to intended acquisitions or
realizations which are discloseable under rule 13.23, neither is
the Board aware of any matter discloseable under the general
obligation imposed by rule 13.09, which is or may be of a price-
sensitive nature.

Made by the order of the Board of Bestway International Holdings
Limited the directors (save for Mr. Chang Bin Lin, who is the
executive director, is at present out of town and cannot be
contacted) of which individually and jointly accept
responsibility for the accuracy of this statement.

CONTACT:

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


CAREER SERVICES: Creditors Final Meeting Set Dec. 19
----------------------------------------------------
Notice is hereby given that the Annual Meeting of the Members
and Creditors of Career Services Limited (In Creditors'
Voluntary Liquidation) will be held at 18th Floor, Two
International Finance Centre, 8 Finance Street, Central, Hong
Kong on December 19, 2005 at 11:00 a.m. for the purpose of
receiving an accounts laid before them, showing the manner in
which the winding-up has been conducted and the property of the
Company has been disposed of, and of hearing any explanation
that may be given by the Liquidators, and also of determining by
resolution of the creditors the manner in which the books,
accounts and documents of the Company, and of the Liquidators
thereof, shall be disposed of.

Dated this 18th day of November 2005

YEO BOON ANN
STEPHEN LIU YIU KEUNG
Joint and Several Liquidators


E&A NEOPRENE: Creditors to Meet Dec. 12
---------------------------------------
Notice is hereby given that a meeting of the creditors of E&A
Neoprene Products Manufacturing Limited will be held at Room C,
2/F., Wing Tat Commercial Building, 121-125, Wing Lok Street,
Central, Hong Kong on Monday, December 12, 2005 at 10:00 a.m.
for the purposes of considering matters in relation to Sections
241, 242, 243, 244, 255A and 283 of the Companies Ordinance.  

Creditors may vote either in person or by proxy.

Proxies to be used at the meetings must be duly completed and
lodged at Room C, 2/F., Wing Tat Commercial Building, 121-125,
Wing Lok Street, Central, Hong Kong, not later than 4:00 p.m. on
Friday, 9th December 2005.

Dated this 14th day of November 2005

HUI KI HUNG SELINE
Director


FIRST DRAGONCOM: Winding Up Hearing Set Nov. 30
-----------------------------------------------
Notice is hereby given that a Petition for the Winding up of
First Dragoncom Agro-Strategy Holdings Limited by the High Court
of Hong Kong Special Administrative Region was on September 30,
2005 presented to the said Court by Tsun & Partners whose
registered office is situated at Suites 1002-3, Aon China
Building, 29 Queen's Road Central, Hong Kong.  

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

TSUN & PARTNERS
Solicitors for the Petitioner
Suites 1002-3, Aon China Building
29 Queen's Road Central
Central, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of November 29, 2005.


GENTFORD TRADING: Set to End Operations
---------------------------------------
Notice is hereby given that a Petition for the Winding up of
Gentford Trading Limited by the High Court of Hong Kong Special
Administrative Region was on October 24, 2005 presented to the
said Court by Bank of China (Hong Kong) Limited (the successor
banking corporation to Kincheng Banking Corporation pursuant to
Bank of China (Hong Kong) Limited (Merger) Ordinance (Cap.1167)
whose registered office is situated at 14th Floor, Bank of China
Tower, 1 Garden Road, Hong Kong.

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 14, 2005.

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

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

TSANG, CHAN & WONG
Solicitors for the Petitioner
16th Floor, Wing On House
71 Des Voeux Road Central
Central, Hong Kong

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


HARVEY TECHNOLOGY: Winding Up Hearing Fixed Dec. 21
---------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Harvey Technology Limited by the High Court of Hong Kong Special
Administrative Region was on October 26, 2005 presented to the
said Court by Success Race Limited, whose registered office is
situate at Room 602, 6th Floor, Hanson House, Nos. 794-802
Nathan Road, Kowloon, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 21, 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. WAT & CO.
Solicitors for the Petitioner
12th Floor, Chuang's Tower
30 & 32 Connaught Road Central
Central, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so. The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of December 20, 2005.


INDUSTRIAL AND COMMERCIAL: Eyes Dual HK, China Listing
------------------------------------------------------
Industrial and Commercial Bank of China is considering selling
shares in both Hong Kong and the mainland when it goes public in
the second half of 2006, Dow Jones Newswires reports.

A simultaneous dual listing by ICBC would be a first and is an
"idea that has been floated," one source said.

A number of international investment banks are in talks with
ICBC and the lender is expected to decide which bank or banks
will arrange the offering, which could raise as much as US$10
billion.

Meanwhile, Xinhuanet News reported that ICBC's business profits
reached JPY64.4 billion (US$8 billion) in the period of January-
September 2005. The Chinese lender was restructured into a
joint-stock company last month.

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


KSM LIMITED: Winding Up Petition Slated for Dec. 21
---------------------------------------------------
Notice is hereby given that a Petition for the Winding up of KSM
Limited by the High Court of Hong Kong Special Administrative
Region was on October 25, 2005 presented to the said Court by
KSM Limited, whose registered office is situate at Unit A, 22nd
Floor, Prince Industrial Building, No. 706 Prince Edward Road
East, Kowloon, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 am on December 21, 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.

KNIGHT & HO
Solicitors for the Petitioner
Rooms 2207-2210, 22nd Floor
World-Wide House
19 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 20, 2005.


MANWIN DEVELOPMENT: Court Issues Winding Up Order
-------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Manwin Development Limited by the High Court of Hong Kong
Special Administrative Region was on November 3, 2005 presented
to the said Court by China Point Finance Limited of Room 504-
506, China Insurance Group Building, 141 Des Voeux Road,
Central, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on the December 21, 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.

AU-YEUNG, CHENG, HO & TIN
Solicitors for the Petitioner
14th Floor, Far East Consortium Building
121 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 the December 20,
2005.


NOBLE VIEW: Enters Winding Up Process
-------------------------------------
Noble View Limited, whose office address is located at 13th
Floor Universal House 229-230 Gloucester Road Wanchai Hong Kong,
issued a winding up order notice in the High Court of the Hong
Kong Special Administrative Region Court of First Instance on
November 2, 2005.

Date of Presentation of Petition: September 7, 2005

Dated this 11th day of November 2005

ET O'Connell
Official Receiver


WAI SHUN: Appoints Cosimo Borreli as Liquidator
-----------------------------------------------
By order of the High Court of the Hong Kong Special
Administrative Region Court of First Instance, dated October 31,
2005, Mr. Cosimo Borrelli of 5/F Allied Kajima Building, 138
Gloucester Road, Wanchai, Hong Kong has been appointed as Joint
and Several Liquidator of Wai Shun Construction Company Limited
in place of Mr. David John Kennedy to act jointly and severally
with Mr. Stephen Briscoe who will continue as Joint and Several
Liquidator.

Dated this 18th day of November 2005.

Cosimo Borrelli
Joint and Several Liquidator

Presentd by Alvarez & Marsal Asia Limited


WELL FAVOUR: Set to Wind Up Operations
--------------------------------------
Well Favour Properties Limited, whose office address is located
at Rm 1811 Shui (Sui) Shing House Siu Sai Wan Est Chai Wan Hong
Kong, issued a winding up order notice in the High Court of the
Hong Kong Special Administrative Region Court of First Instance
on November 2, 2005.

Date of Presentation of Petition: September 7, 2005

Dated this 11th day of November 2005

ET O'Connell
Official Receiver


WEON LIMITED: Court to Hear Winding Up Petition Dec. 21
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Weon Limited by the High Court of Hong Kong Special
Administrative Region was on October 25, 2005 presented to the
said Court by Weon Limited, whose registered office is situate
at Unit A, 22nd Floor, Prince Industrial Building, No. 706
Prince Edward Road East, Kowloon, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 21, 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.

KNIGHT & HO
Solicitors for the Petitioner
Rooms 2207-2210, 22nd Floor
World-Wide House
19 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 20, 2005.


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

BPL LIMITED: Shuts Down NOIDA Operations
----------------------------------------
Bpl Limited has informed the Exchange that the Company has
decided to close the operations at its NOIDA factory, in view of
the proposed transfer of the Company's Colour Television
business to the joint venture Company with Sanyo.

This closure is subject to necessary clearances as applicable.

CONTACT:

BPL Limited
238, 3rd Phase Bommasandra Industrial Area
Bangalore, BG-562158
India
Phone: + 80 27832328
Fax: + 80 27833375


ESCORTS LIMITED: Seeks to Appoint New Executives
------------------------------------------------
Escorts Ltd has informed the Exchange that pursuant to Section
192A of the Companies Act, 1956 read with the Companies (Passing
of the Resolution by Postal Ballot) Rules, 2001, the Company is
seeking consent of the shareholders through postal ballot for
the following resolutions:

(1) To appoint Mr. Nikhil Nanda, as a Director of the Company
not liable to retire by rotation and

(2) To appoint Mr. Nikhil Nanda as Executive Director and Chief
Operating Officer (COO) of the Company for a period of five
years w.e.f. October 17, 2005.

The Company has appointed Mr. P.L. Pahwa, retired Deputy Excise
& Taxation Commissioner, Haryana, as Scrutinizer for conducting
the postal ballot process in a fair and transparent manner.

The duly completed Postal Ballot form should reach the
Scrutinizer on or before December 22, 2005.

CONTACT:

Escorts Limited
15/5, Mathura Road
Faridabad - 121003
Telephone: 0129-2250057/58/2250222/2276303 EXTN 4275
Fax 2250060
E-mail: corpsect@ndb.vsnl.net.in
Web site: http://www.escortsgroup.com


FOOD CORPORATION: Holds Food Grains Despite Legal Notice
--------------------------------------------------------
The Food Corporation of India (FCI) still did not disburse food
grain (rice) components to selected beneficiaries of Chandel
district for unknown reasons, The Imphal Free Press reveals.

The failure to distribute the grains caught the attention of one
advocate of Gauhati High Court who then filed a case on behalf
of the deprived villagers of Chandel district. A legal notice
was served Monda last week to the district manager, FCI, and
Chandel district office.

The legal notice asked the concerned district office to comply
with the demands of people of Chandel district within 15 days
from the receipt of the notice by distributing the food grains
or otherwise make immediate alternative arrangements.

One copy each of the legal notice were also furnished to the
state chief secretary and DC concern of the district who is also
the chairman of DRDA, Chandel district.

The concerned implementing agency of the centrally sponsored
scheme, SGRY, 2005-06 had selected some villagers of Chandel
district living below the poverty line, as beneficiaries of the
scheme. Accordingly, the first installment in the form of cash
component had already been disbursed in the early part of
September this year.

However, the second installment of the same scheme, in the form
of food grains components are yet to be disbursed to the
selected beneficiaries.

The non-disbursement of the said second installment under the
SGRY 2005-06 has not only caused enormous hardships to the
selected beneficiaries but also put a hindrance to the proper
functioning of the DRDA, Chandel district in sending claim
proposals and further processes to the government of India for
other similarly situated schemes to be taken up by the DRDA,
advocate RT Rebirthson Anal stated in his legal notice served to
the district manager, FCI, district office, Imphal.

CONTACT:

Food Corporation of India

North Zone
A-2a,2b Sector -24
Noida - 201301

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

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

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


LML LIMITED: Allots Equity Shares at INR10 Each
-----------------------------------------------
Lml Ltd. has informed the Exchange that the Company at its
Financial Restructuring Committee of the Board of Directors held
on November 16, 2005 has allotted 8,19,723 equity shares of INR
10/- each at a price of INR 49.30 which includes the premium of
INR 39.30 per share on preferential basis as per SEBI Guidelines
to its existing lenders as a part satisfaction of their existing
dues in terms of negotiated settlement, as already approved by
Company's shareholders at its meeting held on March 15, 2005,
and SEBI's letter no. CFD/DIL/EB/NB/53535/2005 dated November
09, 2005.

The details of allotment are as under:

(1) State Bank of India has been allotted 4,61,885 shares and

(2) Stressed Assets Stabilization Fund has been allotted
3,57,838 shares.

The Company has further informed the Exchange that the above
shares shall rank pari-passu with the existing Equity Shares of
the Company in all respects.

CONTACT:

LML Limited
Flat No. 131-140 Ansal Chambers I
3 Bhikaji Cama Place
New Delhi - 110066
Telephone: 11-6110633
Fax: 6876803


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

KIANI KERTAS: Attracts New Investors Despite Signing Deal
---------------------------------------------------------
After withdrawing from a consortium to acquire troubled paper
firm PT Kiani Kertas, JP Morgan is bidding again to acquire the
heavily indebted Company, reports AFX News Limited.

Bisnis Indonesia reports that JP Morgan has formed a consortium
with two investors in order to acquire the Company, but did not
provide further details on the new group.

JP Morgan had previously formed a consortium with local
investment firm Kingsclere Finance to acquire Kiani Kertas for
IDR2 trillion, and assume  part of its debt (IDR5.01 trillion);
it withdrew from the consortium last August 2005.

Another firm interested in acquiring Kiani Kertas is state
lender PT Bank Mandiri, who is searching for a reputable
investor to bid for the Company, which has a IDR1.7 trillion
debt to the bank.

Kiani Kertas has already signed an acquisition agreement with
Singaporean firm United Fiber Systems Limited for a purchase
price of IDR2 trillion, as well as the settlement of its debt to
Bank Mandiri.

CONTACT:

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


MERPATI NUSANTARA: Seeks to Borrow IDR45 Bln from Deutsche Bank
---------------------------------------------------------------
Ailing budget airline PT Merpati Nusantara is currently
negotiating with Deutsche Bank AG for a IDR450 billion loan in
order to repay its debts, AFX News reports.

The Company had previously hoped that the government would
provide the loan, since it had said it was cosidering injecting
funds to aid in a debt restructuring scheme.

As of March 31, 2005, Merpati Nusantara owed a total of 1.6
trillion to the government, its creditors and other vendors,
with a IDR164.5 billion debt to state-owned lender PT Bank
Mandiri and a IDR95.1 billion debt owed to PT Bank Danamon,
according to Minister of State Enterprises Sugiharto.

Other sources cited Finance Minister Jusuf Anwar as approving a
IDR75 billion cash injection to Merpati, in order to restructure
a IDR1.3 trillion debt that it owes to Bank Mandiri, national
carrier PT Garuda Indonesia and PT PANN Multifinance.

CONTACT:

Merpati Nusantara Airlines
PO Box 323, Jln. Angkasa
Block 815 Kav 2-3
Jakarta 10720 Indonesia
Phone: +61 (0) 8 8941 1606
Fax:   +62 21 654 6789
Web site: http://www.merpati.co.id


PERTAMINA: Expects 33% Rise in Fuel Demand
------------------------------------------
Despite the recent oil price hike, fuel demand is expected to
rise again to 160,000 kiloliters or 33% for the month of
November, Dow Jones reports.

According to Pertamina fuel division head Achmad Faisal,
economic activities have risen to normal levels. Thus, average
daily fuel consumption is expected to rise to 160,000 kiloliters
this month, from a 120,000-kiloliter average last month.

He did not explain the reason for the increase, but officials
say that consumers are quick to adjust to higher prices. Mr.
Faisal said that daily fuel consumption is expected to go down
next month due to the holidays.

If demand continues to rise, this means that Pertamina will
delay the arrival of only three cargoes or 600,000 barrels of
gasoline; it would also mean that the Company may import lesser
gasoline for December than in the last month.

CONTACT:

PT Pertamina Tbk
Jalan Merdeka, Timur No. 1 A
Jakarta 10110
Indonesia
Phone: (62)(21) 3815111
Fax:   3846865/ 3843882
Web site: http://www.pertamina.com


PERTAMINA: Discussions Delaying Government Takeover
---------------------------------------------------
Due to the ongoing negotiations between state-owned oil firm PT
Pertamina and its U.S.-based partner, ExxonMobil Corp. on the
operation of an oil-rich block in Cepu field, it seems that the
government cannot take the reins if both firms do not come to an
agreement, reports the Jakarta Post.

According to chairman of the Oil & Gas Regulatory Agency (BP
Migas) Kardaya Warnika, the production-sharing contract signed
by the government and the contractors stipulates that the
government will have control over the Cepu block if it remains
undeveloped for five or six years, as the contract would be
automatically terminated if the deadline expires without any
development on the block.

Development of the oil-rich Cepu block has been delayed due to
the fact that both Pertamina and ExxonMobil can't agree on who
would operate the block. Pertamina had offered that both firms
take turns in the block's operations, but ExxonMobil rejected
the proposal, saying that it was appointed as operator of the
block, according to a Memorandum of Understanding (MOU) that it
had signed with a government-led negotiating team last June
2005.

The Cepu block is expected to produce up to 170,000 barrels per
day at its peak. This would increase Indonesia's current output
level of 1.075 million barrels per day by almost 20%.


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

MITSUBISHI MOTORS: Unveils 20% Growth in Saudi Market
-----------------------------------------------------
Mitsubishi Motors Corporation pledged to further consolidate its
presence in Saudi Arabia based on an extraordinary 20 percent
market growth in the Kingdom, AME Info reports.

Strong demand was especially witnessed in the passenger cars,
truck and bus segments, where the company continues to be a
market leader.

Alesayi Motors, the exclusive distributor of Mitsubishi Motors
vehicles in the Kingdom's leading markets, said the company's
Pajero, Lancer, L200, Fuso and Canter vehicles were among the
best-selling brands.

CONTACT:

Mitsubishi Motors Corporation
Address:  2-16-4 Konan, Minato-ku
Tokyo 108-8410, Japan
Phone: +81-3-6719-2111
Fax: +81-3-6719-0014


SANYO ELECTRIC: Exec to Bow Out to Take Blame for Losses
--------------------------------------------------------
Sanyo Electric Co. Chairman Satoshi Iue is expected to resign as
the company's executive director to take responsibility for the
firm's poor earnings, Japan Times reports.

The consumer electronics maker expects to incur a net loss of
JPY230 billion the fiscal 2005 to next March due to a stricter
valuation of the company's assets.

Mr. Iue served as Sanyo's President and Chairman for about 20
years, starting in 1986. He quit the chairmanship in June when
his oldest son, Toshimasa, became the new President, but stayed
on as an executive director. The chairman's post was taken over
by former journalist Tomoyo Nonaka.

The company will negotiate with banks on measures to cope with
its deteriorated business, including capital reinforcement and
the timing of Iue's resignation.

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


SOFTBANK CORPORATION: JCR Assigns BBB to Bonds
----------------------------------------------
Japan Credit Rating Agency (JCR) has assigned a BBB rating to
the bonds to be issued under the shelf registration of Softbank
Corporation.

The operating profit of Softbank's ADSL business has been on the
rise thanks to increase in the number of subscriptions and
cutback on the costs to acquire customers. As a result, Softbank
turned profitable on an operating profit basis for the first
half of fiscal year through September 30, 2005. The operating
profit will likely increase further for the full fiscal year
through March 31, 2006.

The fixed-line telecommunications business has been incurring
operating loss due to burden for its own telecommunications
network. JCR believes, however, that the earnings of this
business will increase gradually thanks to revision of the
sales. JCR considers that the Company's interest-bearing debt
will be reduced in the future with the capital spending peaking
out in the last fiscal year.

The Company retains unrealized gains on the equities held by it.
There has been no change in buffer against financial risk. The
Company's application for its plan to open base station for
mobile phone business was authorized. The details of the plan
will be disclosed in the future. JCR considers it necessary for
Softbank as a newcomer to add characteristically attractive
price and services in order to seize market share from the
existing companies. The entry might require large amount of
capital spending.

Although Softbank plans to limit financial burden for the entry,
JCR may revise the rating depending on the way of entry into the
mobile phone market.

CONTACT:

Softbank Corporation
1-9-1 Higashi Shinbashi, Minato-ku
Tokyo 105-7303, Japan
Phone: +81-3-5642-8000
Fax: +81-3-5543-0431


SOFTBANK CORPORATION: Discloses Three-for-One Share Split
---------------------------------------------------------
Softbank Corporation announced that its Board of Directors on
November 17 authorized the splitting of the Company's common
stock as described below.

I. Purpose of the share split

The Company will conduct the share split aiming to reduce the
investment unit and further improve the liquidity of the
Company's shares, resulting in an environment where investors
can find it easier to make investments.

II. Outline of the share split

The shares resulting from the authorized splitting of the
Company's common stock will be payable after market close on
Thursday January 5, 2006. Such share split is based on a new
rule of the Tokyo Stock Exchange, and investors, who use the
securities custody and book-entry transfer system, will be able
to sell shares from the next day of share split record date.
Therefore, any imbalance in the supply and demand of shares due
to the share split can be avoided.

(1) Number of shares to be increased upon the share split

The aggregate number of issued and outstanding shares as of
Wednesday January 4, 2006 multiplied by two.

(2) Method of the share split

The Company's stock will be split on a three-for-one basis for
shareholders recorded as of January 4, 2006.

III. Schedule

Record date of share split:          Wednesday January 4, 2006
Effective date:                      Thursday January 5, 2006
Issue date:                          Thursday February 23, 2006

Commencement date for calculation of dividends: Saturday October
1, 2005

IV. Other

Other factors relating to such authorized share split will be
finalized at a future meeting of the Board of Directors.

V. Adjustment of exercise prices

As adjustments for the share split, the Company will reset: 1)
the exercise price of preemptive rights pursuant to Article 280-
19 of the former Commercial Code; 2) the exercise price of stock
options pursuant to Articles 280-20 and 280-21 of the Commercial
Code; 3) the conversion price of bonds with stock options, as of
January 5, 2006 as follows:

            Name    Exercise Price after  (Exercise Price before
                   Adjustment)               Adjustment

Preemptive rights pursuant to Article 280-19   JPY996  JPY2,986
of the former Commercial Code (Based on the
resolution of the Annual General Meeting of
Shareholders held on June 21, 2001)               


Stock options pursuant to Articles 280-20 and  JPY1,440 JPY4.320
280-21 of the Commercial Code (Based on the
resolution of the Annual General Meeting of
Shareholders held on June 24, 2003)


Stock options pursuant to Articles 280-20 and  JPY1,827 JPY5,480
280-21 of the Commercial Code(Based on the
resolution of the Annual General Meeting of
Shareholders held on June 24, 2004)


Stock options pursuant to Articles 280-20 and JPY 1,837 JPY5,511
280-21 of the Commercial Code (Based on the
resolution of the Annual General Meeting of                     
Shareholders held on November 30, 2004)

(Name)    (Conversion Price after    (Conversion Price before
               Adjustment)                Adjustment

Euro-yen convertible bonds with stock options
due 2013 (issued in December 30, 2003)      2,164.50yen  
6,493.50yen

Euro-yen convertible bonds with stock options
due 2014 (issued in December 30, 2003)      1,984.30yen  
5,952.90yen

Euro-yen convertible bonds with stock options
due 2015 (issued in December 30, 2003)      1,828.10yen  
5,484.20yen

References

1. The number of shares to be increased upon the share split is
not determined, because the aggregate number of issued and
outstanding shares may increase upon exercise of preemptive
rights and/or stock options, and/or conversion of convertible
bonds with stock options until the record date of the share
split (January 4, 2006), and the aggregate number of issued and
outstanding shares as of the record date of the share split will
not be fixed at this point.

2. The total number of issued and outstanding shares following
the share split, when computed based on the total number of
issued and outstanding shares as of November 10, 2005 and the
new shares to be issued on January 5, 2006, is as follows:

Number of shares issued and outstanding                            
351,504,326

Increase in the number of shares upon the share split              
703,008,652

Number shares issued and outstanding following the share split   
1,054,512,978

3.  There will be no increase in the amount of stated capital to
adjust for such share split.

Capital  (as of November 10, 2005) 162,410,678,101 yen

4.  The Board of Directors today authorized, along with such
share split, an increase in the number of shares authorized,
described in Article 5 of the Articles of Incorporation, from
the current 1.2 billion shares to 3.6 billion shares as of
January 5, 2006 pursuant to Paragraph 2 of Article 218 of the
Commercial Code.

5.  Notice on stock certificates of new shares to be issued due
to the share split and shares held is to be dispatched to
registered addresses of shareholders on February 23, 2006
(Thursday). For shareholders using the securities custody and
book-entry transfer system, new shares can be sold from January
5, 2006 (Thursday).

6.  The amount of dividend for the end of fiscal year 2006 has
not been decided at this point; however, this share split will
not influence our dividend policy. In principal, one-third of
the dividend per share may be paid to shareholders according to
the three-for-one share split.


SONY CORPORATION: Ties Up With NEC on DVD Drives
------------------------------------------------
Sony Corporation and NEC Corporation have concluded a Memorandum
of Understanding (MOU) aiming to establish a Joint Venture
company in the optical disc drive business. Sony and NEC will
work together from now to reach agreement on a final contract.
The new company will aspire to become the leading company in the
optical disc drive sector.

Sony will hold a 55% stake in the new company while NEC's stake
will be 45%. Sony and NEC will make preparations to transfer
their respective optical disc drive operations to the Joint
Venture, targeting a business start on April 1, 2006. The Joint
Venture will focus on the planning, design, manufacturing and
marketing to manufacturers of optical disc drives (DVD and CD
drives) for integration into products such as PCs. The company
will operate on a global basis.

The new company will pool the best in optical disc drive
technology (e.g. NEC's strengths in LSIs and Sony's expertise in
optical pickups) to deliver high quality and reliable products
to consumer electronics and PC makers on a timely basis.

Sony's President and Electronics CEO, Ryoji Chubachi commented,
"Optical disc drives are key components for a broad range of
devices and we are strategically focusing our development
resources in this sector. By teaming with NEC which has
excellent technology in areas such as DVD drives, I believe we
can work effectively to enhance our product lineup and quality
on a global scale."

NEC's President Akinobu Kanasugi, stated, "The market for high
value-added drives to be integrated into PCs and consumer
electronics products is rapidly expanding. I believe we have
made the best choice in partnering with Sony with whom we can
build a total value chain covering procurement of key
components, production and marketing. This will allow us to
realize the aim of becoming the top vendor in this sector."

Outline of JV

Capital: Amount to be determined (Sony will have a 55% stake,
NEC will have a 45% stake)

Operational Start: Planned for April 1, 2006

Scale of Business: In FY04, the optical disc drive businesses of
both companies combined generated about 220 billion yen.

Executives: Sony will designate the President while NEC will
designate the Vice President of the company.

Inquiries:

Sony Corporate Communications
Phone: 03-5448-2200
NEC Public Relations Division
Phone: 03-3798-6511


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

MANDO CORPORATION: Halla Engineering Joins Bidding Race
-------------------------------------------------------
Halla Engineering & Construction Corp. will join the race to bid
for Mando Corp., reports Reuters.

Hyundai Motor became the sole bidder for Mando after Siemens of
Germany and U.S.-based TRW Automotive Holdings Corp. dropped out
from the race.

Halla was a former affiliate of bankrupt Halla Group, Mando's
one-time partner.  Halla Engineering has a market value of $285
million.  It would have priority in purchasing the stake of
Mando as the second-largest shareholder with an 18.5 percent
stake.

According to Halla, it could review Hyundai Motor's final offer
and decide whether to match it or not.

Hyundai is keen on buying Mando because it would pave the way
for a strategic alliance with foreign and local auto parts maker
to bolster competitiveness and improve auto quality.

Hyundai also joined with Siemens in July to acquire a
controlling stake in another local auto parts maker, Hyundai
Autonet for $231 million.

Hyundai and its affiliate Kia Motors Corp. accounts for some 70
percent of Mando's total sales, according to the car parts firm.

Mando, a maker of brake and steering systems, was put up for
sale early this year by a consortium of buyout firms, JP Morgan
Partners and Affinity Equity Partners, which paid $446 million
in 2000 for a 72.3 percent stake.

"Our chairman recently ordered top management to begin
preparations to buy Mando," a Halla spokesman said by telephone.

"We have already set aside KRW200 billion-KRW300 billion ($193
million-$289 million) for the takeover and will secure more
money from domestic investors."

Mando's woes began in 1997 after the Asian financial crisis.


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

AMSTEEL CORPORATION: Embarks on Renounceable Rights Trading
-----------------------------------------------------------
Amsteel Corporation Berhad unveiled to Bursa Malaysia Securities
Berhad important relevant dates for trading of Renounceable
Rights.

Lion Corporation Berhad (LCB)

Renounceable restricted offer for sale of up to 67,613,573
ordinary shares of MYR1.00 each in Amsteel Corporation Berhad
(ACB) (ROFS SHARES) by LCB to the eligible shareholders of ACB
at the offer price of MYR1.00 per ROFS share payable in full
upon acceptance, on the basis of 964 ROFS shares for every
10,000 ACB shares held at 5:00 p.m. on November 14, 2005 (ROFS).

Dispatch date: November 21, 2005

Last date and time for:

Sale of provisional allotment of rights: December 2, 2005 at
5:00 p.m.

Transfer of provisional allotment of rights: December 7, 2005 at
4:00 p.m.

Acceptance and payment: December 15, 2005 at 5:00 p.m.

No ROFS Shares shall be made available for excess application by
the eligible shareholders of ACB.

This announcement is dated 16 November 2005.

CONTACT:

Amsteel Corporation Berhad   
Level 46, Menara City Bank, 165,
Jalan Ampang, Kuala Lumpur
Wilayah Persekutuan 50450 Malaysia
Telephone:  03-21622155   
Fax: 03-21623448


ANCOM BERHAD: Purchases Ordinary Shares
---------------------------------------
Ancom Berhad issued to Bursa Malaysia Securities Berhad details
of its shares buy back.
   
Date of buy back: November 16, 2005

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

Total number of shares purchased (units): 88,000

Minimum price paid for each share purchased (MYR): 0.675

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

Total consideration paid (MYR):  

Number of shares purchased retained in treasury (units): 88,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 17,086,400

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

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


APP INDUSTRIES: Books Net Loss in 3Q/FY05
-----------------------------------------
APP Industries Berhad furnished Bursa Malaysia Securities Berhad
with a copy of its Third Quarter report for the financial period
ended September 30, 2005.

Summary of Key Financial Information
June 30, 2005
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  
    30/09/2005    30/09/2004     30/09/2005      30/09/2004
    MYR'000       MYR'000    MYR'000        MYR'000

(1) Revenue  

    3,964         5,014          21,308          31,668

(2) Profit/(loss) before tax  

    -2,024        -2,283         -2,408          -29

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

    -1,706        -1,656         -2,117          -147

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

    -1,706         -1,656        -2,117          -147

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

    -2.13           -2.07        -2.65           -0.18

(6) Dividend per share (sen)  

    0.00            0.00          0.00            0.00

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

(7) Net tangible assets per share (MYR)  

        0.6290                     0.6550

To view a full copy of the financial statement, click
http://bankrupt.com/misc/APPIndustries111505.pdf

To view a full copy of the notes to financial statement, click
http://bankrupt.com/misc/APPIndustriesnotestoaccounts3rdQ2005.pd
f


BUKIT KATIL: Releases Qualified Auditors' Report
------------------------------------------------
Bukit Katil Resources Berhad advised Bursa Malaysia Securities
Berhad that the following points were reported in the Auditors'
Report for the years ended June 30, 2004 and June 30, 2005:

(1) Insufficient Accounting Records and Supporting Documents

There are insufficient accounting records and/or supporting
documents of the Company and its subsidiary companies, which
require to be made available to the Auditors to enable them to
carry out all the auditing procedures. The Auditors also not
able to obtain all the information and explanations they
considered necessary in their audit of the financial statements
of the Company including the appropriate disclosures and overall
presentation of the financial statements.

(2) Financial Statements of Subsidiary Companies

The financial statements for the Group have not been presented
as the financial statements of all subsidiary companies are not
available for consolidation.

(3) Going Concern Consideration

The Company's financial statements have been prepared on the
going concern basis as the Company will be able to generate
sufficient cash flows to sustain future operations. Note 2(a) to
the financial statements also states that subsequent to
financial year end, the Company announced that it had entered
into a conditional restructuring agreement with various third
parties to undertake the proposed restructuring scheme, inter-
alia involving the injection of new viable business, a capital
restructuring exercise and debt restructuring exercise.

The Auditors have not been able to obtain sufficient appropriate
documentary evidence regarding plans for the generation of
adequate positive cash flows.

There also remains uncertainty at the date of this report of the
successful and timely completion of the proposed restructuring
scheme, including obtaining the support and approval from the
creditors and source of new funds.

Consequently, the lack of evidence cast significant doubt on the
Company's ability to continue as going concern and, therefore,
the Company may be unable to realize their assets and discharge
their liabilities in the normal course of business.

In the event that the Company is not able to continue as going
concern, adjustments would have to be made to reduce the values
of assets to their recoverable amounts, to provide for any
further liabilities which might arise and to reclassify non-
current assets and non-current liabilities as current assets and
current liabilities.

(4) In view of the significant effects of the matters mentioned
in items (1) to (3), the Auditors were unable to form an opinion
as to whether the financial statements are properly drawn up in
accordance with the provisions of the Companies Act, 1965 and
applicable approved accounting standards in Malaysia so as to
give a true and fair view of:

(i) The state of affairs of the Company as at 30th June 2004 and
30th June 2005 and of the results and cash flows of the Company
for the years ended on that date; and

(ii) The matters required by Section 169 of the Companies Act,
1965 to be dealt with in the financial statements of the
Company.

(5) In view of the matters mentioned in item (1) above, the
Auditors were unable to form an opinion that the accounting and
other records required by the Companies Act, 1965 to be kept by
the Company have been properly kept in accordance with the
provisions of the said Act.

(6) The auditors' report on the financial statements of all the
subsidiary companies are not available and accordingly the
Auditors were unable to determine whether these report were not
subject to any qualification and include any comment made under
subsection (3) of Section 174 of the Companies Act, 1965

CONTACT:

Bukit Katil Resources Berhad
Damasara Town Centre
Jalan Damanlela, Pusat Bandar
Damansara, Damansara Heights
Kuala Lumpur, 50490 Malaysia
Phone: +60 3 2095 7077
Fax: +60 3 2094 9940


DFZ CAPITAL: Converts ICPS to Ordinary Shares
---------------------------------------------
DFZ Capital Berhad advised that its additional 18,600 new
ordinary shares of MYR1.00 each arising from the conversion of
204,600 Irredeemable Convertible Preference Shares - A
(2005/2010) of MYR0.10 Each into 18,600 New Ordinary Shares will
be granted listing and quotation by Bursa Malaysia Securities
Berhad with effect from 9:00 a.m., Friday, November 18, 2005.


DUOPHARMA BIOTECH: Issues New Shares for Listing, Quotation
-----------------------------------------------------------
Duopharma Biotech Bhd advised that its additional 25,500 new
ordinary shares of MYR0.50 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation by Bursa Malaysia Securities Berhad with effect from
9:00 a.m., Friday, November 18, 2005.


GULA PERAK: Trading of Warrants A, B Set Dec. 5
-----------------------------------------------
Gula Perak Berhad (GPB) issued to Bursa Malaysia Securities
Berhad a notice to warrant holder's in relation to the expiry
and last date for exercise of the Warrants A and/or warrants B.

The Board of Directors of GPB forwarded the Notice to Warrant
Holders in relation to the expiry and last date for exercise of
Warrants A and/or Warrants B.

To view a full copy of the Notice to Warrant Holders, go to
http://bankrupt.com/misc/GulaPerak111605.pdf

CONTACT:

Gula Perak Berhad
Level 7, Dynasty Hotel
Kuala Lumpur 218, Jln Ipoh,
51200 Kuala Lumpur
Telephone: 03-4044 2828
Fax: 03-4044 6688


HAP SENG: Buys Back 2,100 Ordinary Shares
-----------------------------------------
Hap Seng Consolidated Berhad issued to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:
   
Date of buy back: November 16, 2005

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

Total number of shares purchased (units): 2,100

Minimum price paid for each share purchased (MYR): 2.040

Maximum price paid for each share purchased (MYR): 2.080

Total consideration paid (MYR): 4,380.84

Number of shares purchased retained in treasury (units): 2,100

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

Cumulative net outstanding treasury shares as at to-date
(units): 33,760,700

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

CONTACT:

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

KRETAM HOLDINGS: Net Loss Reaches MYR3,814,000
----------------------------------------------
Kretam Holdings Berhad submitted to Bursa Malaysia Securities
Berhad its Third Quarter Report for the financial period ended
September 30, 2005.

Summary of Key Financial Information
September 30, 2005
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  
    30/09/2005    30/09/2004     30/09/2005      30/09/2004
    MYR'000       MYR'000    MYR'000        MYR'000   

(1) Revenue  

    15,820        19,038         48,557          52,400

(2) Profit/(loss) before tax  

    -3,572         3,434         -6,947          6,567

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

    -3,814          1,351         -8,490          1,495

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

    -3,814          1,351         -8,490          1,495

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

    -3.26            1.16           -7.27          1.28

(6) Dividend per share (sen)  

    0.00             0.00            0.00           0.00

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

(7) Net tangible assets per share (MYR)  

     0.3730                     0.5100

CONTACT:

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


LINEAR CORPORATION: Updates Wind Up Petition on Unit
----------------------------------------------------
Linear Corporation Berhad (LCB) issued to Bursa Malaysia
Securities Berhad the details of the notice of winding-up
petition pursuant to Section 218 of the Companies Act, 1965.

Reference is made to the Company's first announcement of the
notice of winding petition pursuant to Section 218 of the
Companies Act, 1965 which was served on Linear Cooling
Industries Sdn Bhd (LCI), a wholly owned subsidiary of the
Company on May 26, 2005.

The Board of Directors advised that on November 14, 2005, the
hearing of LCI's application for an injunction to prevent
Syarikat Success Construction Sdn Bhd (SSC) (petitioner) to
proceed with the winding-up petition as it was filed premised on
a disputed debt.

LCI's solicitors had submitted their written submission in
respect of the said application to court and the Judge had
directed SSC's solicitors to file their written submission. The
matter is now fixed on January 24, 2006 for the clarifications
on the submission.

On November 11, 2005, LCI's solicitors had filed a suit against
SSC for liquidated damages of MYR530,000-00 for rectification
works and unspecified damages in respect of their failure to
satisfactorily complete works awarded to SSC in respect of
erecting a district cooling plant located at Bandar Perda,
Seberang Prai, which is the subject matter of SSC's winding-up
petition.

As has been updated in the past, the winding-up petition will
not have any significant financial and operational impact on the
Group and LCI. The Company has taken and will take all necessary
action to protect the interest of the Company.

This announcement is dated 16 November 2005.


LINEAR CORPORATION: Holds Shares Buy Back
-----------------------------------------
Linear Corporation Berhad issued to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:  
   
Date of buy back: November 16, 2005

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

Total number of shares purchased (units): 12,200

Minimum price paid for each share purchased (MYR): 0.435

Maximum price paid for each share purchased (MYR): 0.440

Total consideration paid (MYR): 5,407.13

Number of shares purchased retained in treasury (units): 12,200

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

Cumulative net outstanding treasury shares as at to-date
(units): 2,870,100

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

LION FOREST: Net Loss Dips to MYR4,438,000
------------------------------------------
Lion Forest Industries Berhad furnished Bursa Malaysia
Securities Berhad a copy of its First Quarter financial report
for the financial period ended September 30, 2005.

Summary of Key Financial Information
June 30, 2005
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  
    30/09/2005    30/09/2004      30/09/2005     30/09/2004
    MYR'000       MYR'000     MYR'000        MYR'000   

(1) Revenue  
    
    118,530       178,613         118,530        178,613

(2) Profit/(loss) before tax  

    -3,891         16,708          -3,891         16,708
(3) Profit/(loss) after tax and minority interest  

    -4,438         14,409          -4,438        14,409

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

    -4,438         14,409          -4,438        14,409

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

    -2.11           7.09            -2.11        7.09

(6) Dividend per share (sen)  

    0.00            0.00             0.00        0.00

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

(7) Net tangible assets per share (MYR)  

     6.5700                     6.5800

To view a full copy of the financial statement, click
http://bankrupt.com/misc/LionForestIndustries111605.xls


MAGNUM CORPORATION: Issues Shares Buy Back Notice
-------------------------------------------------
Magnum Corporation Berhad unveiled to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:  

Date of buy back: November 16, 2005

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

Total number of shares purchased (units): 415,900

Minimum price paid for each share purchased (MYR): 1.830

Maximum price paid for each share purchased (MYR): 1.890

Total consideration paid (MYR):  

Number of shares purchased retained in treasury (units): 415,900

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

Cumulative net outstanding treasury shares as at to-date
(units): 75,050,400

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

CONTACT:

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


PACIFIC & ORIENT: Buys Back Ordinary Shares
-------------------------------------------
Pacific & Orient Berhad submitted to Bursa Malaysia Securities
Berhad a copy of its shares buy back with the following details:  
Date of buy back: November 16, 2005

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

Total number of shares purchased (units): 4,000

Minimum price paid for each share purchased (MYR): 1.800

Maximum price paid for each share purchased (MYR): 1.810

Total consideration paid (MYR): 7,264.15

Number of shares purchased retained in treasury (units): 4,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 7,689,289

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

PACIFIC & ORIENT: New Shares Up for Listing, Quotation
------------------------------------------------------
Pacific & Orient Berhad advised that its additional 3,000 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.,
Friday, November 16, 2005.

CONTACT:

Pacific & Orient Bhd   
11th Floor, Wisma Bumi Raya,
No 10, Jalan Raja Laut,
PO Box 10953,
Kuala Lumpur Wilayah
Persekutuan 50730
Malaysia
Telephone: 03-26985033   
Fax: 03-26944209


PACIFICMAS BERHAD: Purchases Pacific Dividend Fund Units
--------------------------------------------------------
Pacificmas Berhad details to Bursa Malaysia Securities Berhad
the purchase of unit trusts in Unit Trust Fund managed by
Pacific Mutual Fund Bhd.

The company informed Bursa Malaysia Securities Berhad that on
November 15, 2005, PacificMas Berhad purchased 769,230.77 units
of Pacific Dividend Fund at MYR0.5200 per unit for a total cash
consideration of MYR400,000 for investment purpose.

Pacific Dividend Fund is a unit trust fund managed by Pacific
Mutual Fund Bhd (Pacific Mutual), a subsidiary of PacificMas
Berhad. The principal business activities of Pacific Mutual are
establishment and management of unit trust funds. The principal
business activities of PacificMas Berhad are investment holding
and provision of management services to companies within the
Group.

None of the directors and substantial shareholders of PacificMas
Berhad and persons connected to such directors and substantial
shareholders has any interest in the abovesaid transaction save
for the following:

(i) Mr. Choi Siew Hong is a director of PacificMas Berhad and
Pacific Mutual. He has a direct interest of 0.12 percent in the
share capital of PacificMas Berhad.

(ii) Y. Bhg. Tan Sri Dato' Wong Kum Choon is a director of
PacificMas Berhad and Pacific Mutual. He does not have any
interest in the share capital of PacificMas Berhad and Pacific
Mutual.

(iii) Koperasi Angkatan Tentera Malaysia Berhad is a substantial
shareholder of PacificMas Berhad and Pacific Mutual.

The abovesaid transaction is not subject to the approval of the
shareholders and the relevant government authorities.

This announcement is dated 16 November 2005.


PANTAI HOLDINGS: Bourse to List, Quote New Shares
-------------------------------------------------
Pantai Holdings Berhad issued the following announcement to
Bursa Malaysia Securities Berhad:

The Bourse advised that Pantai Holdings additional:

(i) 701,600 new ordinary shares of MYR1.00 each arising from the
aforesaid Conversion; and

(ii) 5,000,000 new ordinary shares of MYR1.00 each issued
pursuant to the aforesaid Scheme

will be granted listing and quotation by Bursa Malaysia
Securities Berhad with effect from 9:00 a.m., Friday, November
18, 2005.

CONTACT:

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


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

LEPANTO CONSOLIDATED: Trades Fully Paid Shares
----------------------------------------------
This is in connection with Circular for Brokers No. 4864-2005,
dated Nov. 3, 2005 pertaining to the listing of 4,264,671,951
common shares of Lepanto Consolidated Mining Company, divided
into 2,558,803,769 Class "A" shares and 1,705,868,182 Class B
shares, with a par value of Php0.10 per share, to cover its 1:5
pre-emptive rights offering to all stockholders of record as of
September 21, 2005 at an offer price of Php0.20 per share.

In a letter dated Nov. 17, 2005, the Company advised that
further to the 278,857,793 fully paid shares, an additional
13,684,596 shares were fully paid as of November 15, 2005,
broken down as follows:

         Class "A" shares     7,340,576
         Class "B" shares     6,344,020
         TOTAL               13,684,596

This brings the number of fully paid shares to a total of
292,542,389 common shares and the number of partially paid
shares to 3,972,129,562 common shares.

In view thereof, the additional fully paid 13,684,596 common
shares may be traded starting Friday, November 18, 2005. Actual
trading of the remaining 3,972,129,562 partially paid shares
shall commence upon full payment of such shares.

The designated stock transfer agent is authorized to record and
register in its books the additional fully paid 13,684,596
shares. The transfer agent shall be authorized to record and
register the remaining 3,972,129,562 partially paid shares only
upon full payment of the same by the concerned subscribers.

CONTACT:

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


LMG CHEMICALS: Sees Prospective Investor for Petrocorp
------------------------------------------------------
LMG Chemicals Corporation refers to Note 7 Investment (a) of our
Audited Consolidated Financial Statements as of December 31,
2004 relative to its investment in Petrochemicals Corporation of
Asia Pacific (Petrocorp), as follows:

"7. Investment in shares of stock
    Investment in shares of stock carried at cost include:

a. Investment in Petrocorp amounts to Php216,607,775
representing 9.11% ownership which was provided for full
allowance for decline in value"

The company has been made ware that a prospective investor in
negotiating with the creditors of Petrocorp to purchase their
respective debt papers; and, are open to paying a nominal amount
to Petrocorp shareholders for their respective shares.

CONTACT:

LMG Chemicals Corp.
Chemphi Bldg., 1851 Arnaiz Ave.,
Makati City, Philippines
Phone: 818-6228,818-8711


MANILA ELECTRIC: VAT to Appear on December Bills
------------------------------------------------
Manila Electric Company's (Meralco) billing for December will
include the 10-percent value-added tax (VAT), according to The
Philippine Star.

Customers whose 30-day billing cycles start on Nov. 1 and end on
Dec. 1 will be billed for electric consumption during such
period, plus the VAT thereon in their December bills.

But power users whose billing cycles start after Nov. 1 and end
30 days after in December will be billed in their December bills
for electric consumption plus the VAT thereon during their
billing cycle. The VAT on consumption for the period from Nov. 1
to the start of the billing cycle less the two percent national
franchise tax paid during the same period.

The backbilling of VAT in the December bills is unavoidable for
some customers due to their billing cycles and the fact that
customers are billed only once a month and not on a daily basis.

Meralco stressed that the VAT is revenue neutral to Meralco and
that all VAT collections will accrue to the government.

The new tax measure took effect Nov. 1.

CONTACT:

Manila Electric Co.
Lopez Building
Ortigas Avenue, Pasig City
Phone:  16220 (TL); 633-4553 (Corp. Sec.)
Fax:  (0632) 631-5572
E-mail Address: corcom@meralco.com.ph
Web site: http://www.meralco.com.ph


METRO PACIFIC: Confirms Investment Talks with Groupe Egis
---------------------------------------------------------
Metro Pacific Corporation clarified a news article published in
the 17th November 2005 issue of The Manila Times and entitled,
"MetroPac, French Firm In Talks Over SLEX".

The article reported in part that:

"Meto Pacific Corp., the Philippine unit of Hong Kong-listed
conglomerate First Pacific, and French infrastructure firm
Groupe Egis are in talks for a possible partnership for the
rehabilitation and extension of the South Luzon Expressway
(SLEX) projects, a source told the Manila Times. The $200-
million SLEX project involves the repair pf the Alabang viaduct
and the extension of the expressway from Calamba, Laguna to
Santo Tomas, Batangas.

"The sources said that of the $200-million cost of the SLEX
project, $140 million will be secured through bank borrowings
while the balance of $60million would be in the form of equity
to be finance by the company that Metro Pacific and Groupe Egis
plans to establish. The source said 60 percent of the $60
million will come from Metro Pacific and the remaining 40
percent from Groupe Egis."

Metro Pacific confirms that it is engaged in discussions with
Groupe Egis regarding possible purchase and investment
opportunities.

CONTACT:

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


NATIONAL BANK: To Trim Bad Loans to Meet 2005 Profit Target
-----------------------------------------------------------
The Philippine National Bank (PNB) is working out measures to
reduce its bad loan portfolio to meet its profit target for this
year, The Manila Times relates.

PNB president Omar Byron Mier said the lender aims to cut its
bas loans to Php12 billion this year from its current Php37-
billion level.

The bank's restructuring efforts brought down its bad loan
ratio, as well as its past due level, Mr. Mier said, adding, "We
hope to hit well our Php605-million (profit) target (this
year)."

Besides the reduction of its bad loans, PNB is banking on
improved revenues from its remittances business, restructured
loans, interest and treasury income.

The bank posted profits of Php454 million for the first three
quarters, exceeding last year's net income by Php139 million.
The improvement was fueled by a 26-percent increase in interest
income to Php7.731 billion by end-September, from Php6.116
billion last year. Interest income from regular loans also
increased by Php1.06 billion to reach Php3.57 billion.

The lender's profit performance comes after the Lucio Tan Group
secured control of the bank when it exercised its right to match
the Php43.77-a-share bid offered by rival Union Bank of the
Philippines.

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: ERC to Decide on Rate Hike Before Yearend
---------------------------------------------------------
The Energy Regulatory Commission (ERC) is expected to make a
final decision by yearend regarding National Power Corporation's
(Napocor) petition to recover Php19 billion in additional costs
via the Generation Rate Adjustment Mechanism (GRAM), reports The
Philippine Daily Inquirer.

The GRAM allows utilities to pass on to their customers costs or
savings passed on to them by independent power producers.

Napocor is seeking tariff hikes of Php0.45 per kilowatt-hour in
Luzon, php0.64 per kWh in the Visayas, and Php0.51 per kWh in
Mindanao.

The government is privatizing Napocor assets as part of
structural reforms pledged to foreign creditors.

ERC Chairman Rodolfo Albano announced approval of implementing
guidelines for implementation of the expanded value-added tax
(VAT) law in the power sector.

He said imposition of the 10 percent VAT on the sector would
raise electricity rates by seven to eight percent.

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/


PHILIPPINE AIRLINES: Cuts Fuel Surcharges on Cargo
--------------------------------------------------
Philippine Airlines (PAL) will cut its fuel surcharge for
international cargo starting this week, The Philippine Star
reports.

The move to cut surcharges came after an easing of global oil
prices.

The surcharge would be reduced by 0.05 cents per kilogram to
0.50 cents for cargo from Manila, Cebu City, General Santos city
and Davao City bound for the United States, Canada and South
Korea.

Last week, PAL also lowered its passenger fuel surcharge by
Php100 on round-trip domestic flights.

CONTACT:

Philippine Airlines
Mabuhay Miles Service Center
Ground Floor, Philippine Airlines Center
Legazpi Street, Legaspi Village
Makati City 0750, Philippines
Phone : Manila (632) 817-8000
       USA/CANADA 1-800-747-1959
Fax : (632) 818-4921 ; 893-6884
E-mail : mabuhaymiles@pal.com.ph
Web site: www.philippineairlines.com


PHILIPPINE AIRLINES: To Bid Paper Tickets Goodbye
-------------------------------------------------
National flag carrier Philippine Airlines (PAL) will eliminate
paper tickets by the end of 2007, according to BusinessWorld.

PAL will shift to e-ticketing to meet global requirement set by
the biggest international association of airlines and cut
operational expenses swayed by rising fuel costs.

Members of Switzerland-based International Air Transport
Association (IATA) agreed in June 2004 to eliminate paper
tickets issued by airlines before January 2008.

IATA members process 340 million paper tickets every year. Each
paper ticket costs $10 to process while it only costs $1 to
process an e-ticket.

IATA expects e-tickets to generate $3 billion in savings for the
global airline industry each year. Savings can partly offset the
estimated $7.4 billion in losses from high fuel costs this year.

Roberto B. Diaz De Rivera, PAL senior assistant vice-president
for corporate e-business, said the country's flag carrier will
roll out e-tickets in all its domestic destinations before the
end of 2006.

He said that PAL has already fully adopted e-ticketing in all
its international routes.

International airlines that would fail to comply with the
agreement may lose interline agreements with other carriers and
suffer from lower sales and high costs of processing paper
tickets.


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

CHARTERED SEMICONDUCTOR: Expands Agreement with Infineon
--------------------------------------------------------
Chartered Semiconductor Manufacturing Limited announced on Nov.
17, 2005 that it signed an agreement with Infineon Technologies
AG, to manufacture 65 nanometer (nm) logic products. Infineon
will have the Company make lowpower mobile-phone products, with
initial prototypes expected in the first quarter of 2006 and
production scheduled to begin in the fourth quarter next year.

This announcement builds on the joint 65nm technology
development efforts between IBM, Infineon, Chartered and
Samsung. The agreement with Chartered enables Infineon to
participate at the cutting-edge of technological development in
the semiconductor industry without having to invest in new
manufacturing capacity. Infineon retains the flexibility to
evolve its production skills in response to future market
developments.

According to Infineon CEO DR. Wolfgang Ziebart, "Infineon has
decided to have the 65nm technology, developed together with
Chartered, IBM and Samsung, produced by Chartered in order to
further expand its leading position in customized products while
achieving profitable growth. The traditional positioning of
semiconductor companies along the entire value chain from
development through to production and sales for logic products
is in the process of changing and is therefore subject to
optimizing capital investment and business development."

Chartered Semiconductor President Chia Song Hwee said,
"Chartered and Infineon already have a strong development and
manufacturing alliance, and this is an exciting next step. As a
joint development alliance, Chartered, Infineon, IBM and Samsung
are realizing significant economical and technological
advantages by pooling resources and broad expertise. In this
latest step, Infineon will benefit from a seam- less transition
from development to manufacturing with one of its development
partners, leveraging the manufacturing flexibility Chartered
offers. Infineon can continue to focus on differentiating itself
through development of low-power and customized products, while
Chartered provides a reliable and cost-effective outsourcing
solution to address Infineon's manufacturing needs."

During the next few months, employees from Infineon sites in
Europe and the U.S. will deploy to Chartered Semiconductor to
ensure the seamless integration of the process technology into
its 300-millimeter facility, Fab 7. Meanwhile, more than 200
engineers from the four participating joint development
companies continue to work together on the development of next-
generation technologies, including 45nm, in East Fishkill, New
York.

CONTACT:

Chartered Semiconductor Manufacturing Ltd
60 Woodlands Industrial Park D Street 2
Singapore 738406
Phone: 65 63622838
Fax:   65 63622938
Web site: http://www.charteredsemi.com


ESPLANADE INVESTMENTS: Intends to Pay Dividend to Creditors
-----------------------------------------------------------
Esplanade Investments Pte Limited of 10 Collyer Quay, #19-08
Ocean Building, Singapore 049315, posted a notice of intended
dividend at the Government Gazette, Electronic Edition with the
following details:

Name of Company: Esplanade Investments Pte Limited
Last day for receiving proofs: Dec. 11, 2005
Name  & address of Liquidators: Neo Ban Chuan and Bob Yap Cheng
Ghee
C/o KPMG
16 Raffles Quay, #22-00 Hong Leong Building
Singapore 048581

Dated this 18th day of November 2005


KEPPEL TUAS: Asks Creditors to Submit Debt Claims
-------------------------------------------------
Notice is hereby given that the creditors of Keppel Tuas Pte
Limited, which is being wound up voluntarily, are required on or
before Dec. 15, 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, and, if so required by notice in writing by the
said Liquidators are, by their solicitors or personally, to come
in and prove their debts or claims at such time and place as
shall be specified in such notice; in default thereof, they will
be excluded from the benefit of any distribution made before
such debts are proven.

Dated this 15th day of November 2005

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


MBF DISCOUNT: Receiving Proofs of Debt Until Next Month
-------------------------------------------------------
Notice is hereby given that the creditors of MBF Disocunt Card
Pte Limited, which is being wound up voluntarily, are required
on or before Dec. 16, 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
Liquidators.

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

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

Dated this 16th day of November 2005

Chia Soo Hien
Ng Geok Mui
Liquidators
C/o BDO Raffles
5 Shenton Way
#07-01 UIC Building
Singapore 068808


ODYSSEY SECURE: Contributory Seeks Winding Up
---------------------------------------------
Notice is hereby given that Odyssey Techonolgies Limited, a
contributory of Odyssey Secure Commerce Pte Limited, filed a
winding up petition against the Company at the Singapore High
Court on Nov. 7, 2005.

The Petition is directed to be heard before the Singapore High
Court on Dec. 2, 2005, 10:00 a.m.

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

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

The Petitioner's address is at Arjay Apex Centre, 2nd Floor, Old
No. 24, New No. 51, College Road, Chennai 600006, India.

The Petitioner's solicitors are Messrs Sant Singh Partnership of
No. 11 Collyer Quay, #05-06 The Arcade, Singapore 049317.

Messrs Sant Singh Partnership
Solicitors for the Petitioner

Note:

Any person who intends to appear at the hearing of the said
Petition must serve on or send by post to solicitors Messrs Sant
Singh Partnership a written notice of his intention so to do.
The notice must state the name and address of the person, or, if
a firm, the name and address of the firm and must be signed by
the person or firm, or his or their solicitor (if any) and must
be served, or, if posted, must be sent by post in sufficient
time to reach the solicitors not later than 12:00 p.m. of Dec.
1, 2005 (the day before the day appointed for the hearing of the
Petition).

CONTACT:

Odyssey Secure Commerce Pte Limited
C/o 10 Collyer Quay
#11-03A Ocean Building
Singapore 049315
Phone: 65 6532 4223   
Fax:   65 6532 4046


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

KRUNG THAI: Fitch Affirms Ratings
---------------------------------
Fitch Ratings has affirmed Krung Thai Bank Public Company
Limited's (KTB) International ratings at Long-term foreign
currency 'BBB+', Short-term foreign currency 'F2', Individual
'D' and Support '2'. KTB's foreign currency subordinated debt
rating was also affirmed at 'BBB'. At the same time, Fitch
Ratings (Thailand) Limited has affirmed KTB's National ratings
at Long-term 'AA+(tha)', Short-term 'F1+(tha)' and National
subordinated debt rating at 'AA(tha)'. The Outlook on all the
ratings is Stable.

Fitch notes that KTB's ratings are underpinned by strong
government ownership and support, as well as improving financial
strength. Although government ownership and control provide
support to the Long-term debt ratings, these factors have tended
to weaken KTB's stand-alone financial performance. KTB is the
second-largest Thai bank with a 19% market share with the FIDF
holding 56.4% of its shares.

Given KTB's size and importance to the financial system and
economy, as well as its state ownership and control, Fitch
believes that there is a high probability that the bank would
receive state support should the need arise. KTB's debt ratings
were upgraded in May 2005 owing to the sovereign upgrade then
and Fitch's reassessment of the likelihood of long-term
government support as it appears probable that government
ownership will remain at at least 51% for the foreseeable
future.

The Bank of Thailand's ("BOT") direction to KTB to improve its
loan classification criteria in mid-2004 resulted in a sharp
increase in impaired loans in 2Q04, although the impact on
profitability was not material. This prompted KTB to review its
risk management systems and resulted in a management shake-up.
Management is now more focused on improving risk management, as
well as the bank's culture and organization to be more
commercially-oriented, and shifting to a retail banking focus.

After a solid 2004, in the first nine months of 2005 ("9M05"),
net profit continued to rise to THB12.2 billion from THB10.6bn
in 9M04 and net interest margin to about 3.3%, despite more
moderate loan growth. With rising funding costs and moderating
loan growth due to a weakening in the Thai economy, the outlook
for the next year is more challenging.

The large loan reclassification in 2Q04 highlighted Fitch's
concerns about disclosure and asset quality weakness at KTB. Due
to bad loan write-offs in 2H04 and the sale of impaired loans to
the government's Asset Management Corporation ("AMC") in 1H05,
KTB's impaired loans have since fallen to THB116.8bn or 13.2% at
end-June 2005, although new impaired loans are still rising. The
loan reclassification saw KTB's reserve coverage fall from 72.4%
at end-March 2004 to 51.4% at end-2004. Due mainly to the
transfer of loan loss reserves alongside the sale of impaired
loans to AMC, the bank's reserve coverage has declined further
to 44% at end-June 2005, which appears low, implying further
provisioning risk. This is underlined by KTB's high net impaired
loans to equity ratio of 84.2% at end-June 2005.

At end-June 2005, KTB's Tier 1 capital ratio stood at 7.9% of
risk-weighted assets while its total capital ratio stood at
11.5%. Earnings recovery should help underpin capital adequacy,
although further provisioning, dividend payouts and asset growth
may see capital adequacy ratios fall over the next two years.

CONTACT:

Krung Thai Bank Public Company Limited   
35 Sukhumvit Road, Khlong Toei Nua, Wattana Bangkok    
Telephone: 0-2255-2222   
Fax: 0-2255-9391-6   
Web site: http://www.ktb.co.th


SIAM AGRO-INDUSTRY: Clarifies Difference in Sales, Net Profit
-------------------------------------------------------------
Siam Agro-Industry Public Co. Ltd. submitted to the Stock
Exchange of Thailand (SET) a comparison between the sales and
net profit of the third quarter financial statement for this
year and the same period last year.

(Thousand Baht)

              Q3-2005   Q3-2004   Diff. (Baht)    Diff. (%)

Sales - net   265,302     269,155        (3,853)       (1.43)

Net losses    (1,478)     (3,113)          1,635        52.52

Net losses decreased by 52.52 percent during the year 2005
compared to the year 2004 due mainly to:

- Lower fruit costs offset by increased packaging and energy
costs coupled with significantly higher interest expense arising
from default on restructured loans.

For your information

Yours sincerely,
Mr. Praful Shah
Mr. Wacharin Piyarat
Mr. Mark Christopher Chewter
Plan Preparers of
The Siam Agro Industry Pineapple and Others Public Co. Ltd

CONTACT:

Siam Agro-Industry Pineapple And Others Pcl   
Ocean Tower 2, Floor38,
75/105 Sukhumvit Road,
Watthana Bangkok    
Telephone: 0-2661-7878   
Fax: 0-2661-7865   
Web site: http://www.saico.co.th


THAI NAM: 3Q Result Swings to Black
-----------------------------------
Thai Nam Plastic Public Co. Ltd. furnished the Stock Exchange of
Thailand (SET) with a summary of its Third Quarter and
Consolidated Financial Statement for the period ending September
30, 2005.  
  
Reviewed
Ending September 30
(In thousands)

                       Quarter 3         For 9 Months
Year                   2005        2004        2005        2004

Net profit (loss)   41,424      (14,164)    65,390      (36,162)

EPS (baht)         1.96000    (0.67000)    3.09000    (1.71000)

Type of report: Qualified Opinion with an emphasis of matters

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

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

Mrs. Siriphorn Mangkornkarn
Deputy Managing Director
Authorized to sign on behalf of the company




                            *********


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
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USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan, Reiza
Dejito and Erica Fernando, Editors.

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

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