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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, January 3, 2006, Vol. 9, No. 002

                            Headlines

A U S T R A L I A

A&P FASCIA: Appoints Official Liquidator
BIG WARDROBE: Members Resolve to Wind Up Business
BIO PROCESS: Enters Voluntary Liquidation
BRATBY & PARTNERS: Schedules Final Meeting Jan. 10
DONOVANS 77: Liquidator to Distribute Company Assets

EG GREEN: Stark-Harmony Takes Over Abattoir
EMPEROR MINES: Union Tries to Save Workers
FH&E TROLLEYS: Members, Creditors Decide to Close Business
FORTESCUE METALS: Still Running After Elusive AU$2.3 Bln
GABI HOLDINGS: Members, Creditors to Review Liquidator's Report

HIGH SEAS: To Declare First, Final Dividend
INTERNATIO MULLER: Winds Up Operations
JAG PLASTERING: Intends to Distribute Dividend
LASER HOLDINGS: Liquidator to Present Report Jan. 10
MIDDLECROSS PTY: Prepares to Cease Operations

NATIONAL AUSTRALIA: Warns of New Bank Scam Web Sites
ROCK RESEARCH: Members Pass Winding Up Resolution
ROXETER PTY: Liquidator to Explain Wind Up Manner
SADDCO PTY: Placed Under Voluntary Liquidation
SID FOGG'S: Falls Into Administration; Mulls Restructure

STARPLAN HOLDINGS: Creditors Resolve to Wind Up Firm
TEKMAG PTY: Paul Gidley Named Liquidator
T.T.P. RECRUITMENT: Members, Creditors Meet to Discuss Wind Up
WISHARTS PTY: Shuts Down Operations
W AND J FUEL: Members Agree to Wind Up Business


C H I N A  &  H O N G  K O N G

CHINA MERCHANTS: Director Li Xinggui Quits
CHUNG CHAN: Receives Bankruptcy Order
GOLDEN CRYSTAL: Appoints Official Liquidators
FORDCO TEXTILES: Court to Hear Winding Up Petition Feb. 8
K-S SHIPPING: Proofs of Debt, Claims Due Jan. 30

PERFECT HOME: Court Issues Winding Up Notice
PROGRESS CONSTRUCTION: To Undergo Liquidation Process
TAK HING: Enters Bankruptcy
WEALTH FAITH: Court Releases Winding Up Order


I N D I A

DINTEX DYECHEM: Welcomes New CEO; Updates Bodal Merger
HINDUSTAN ANTIBIOTICS: Paswan Throws Lifeline
KORP SECURITIES: SEBI Suspends Certificate of Registration
ROYALE MANOR: Board Approves Scheme of Amalgamation
SHREE RAMA: Court Grants Interim Relief


I N D O N E S I A

GARUDA INDONESIA: Vice President Defends Sale
NEWERA FOOTWEAR: Rating Downgraded to 'idBB+'
PERTAMINA: Government Decides to Replace Company Chief


J A P A N

DAIEI INCORPORATED: December Sales Up 5%
JAPAN AIRLINES: Safety Advisors Issue Report
JAPAN AIRLINES: Confirms Hike in Domestic Fares
KIMMON MANUFACTURING: IRCJ Offloads Entire Equity
KYUSHU TRANSPORATION: IRCJ Receives Debt Payment in Full

MITSUI MINING: IRCJ Disposes Of Entire Equity
MYCAL CORPORATION: Completes Rehab Process Ahead of Schedule


K O R E A

DONG AH CONSTRUCTION: Creditors Want Court Receivership


M A L A Y S I A

AFFIN HOLDINGS: New Shares Up for Listing, Quotation
KILANG PAPAN: Books MYR4,522,000 Net Loss in 3Q
KL INFRASTRUCTURE: Net Loss Widens in 2Q/FY05
K.P. KENINGAU: Updates Default Status
MBF CORPORATION: Unit Cuts Defaulted Amount

MBF HOLDINGS: Issues Update to Unit's Wind Up Petition
MEDIA PRIMA: Issues New Shares for Listing, Quotation
MERCURY INDUSTRIES: Updates Transaction Entered by Unit
NAIM INDAH: Bourse to List, Quote New Shares
PACIFIC & ORIENT: Buys Back Ordinary Shares

PANTAI HOLDINGS: Issues Shares Buy Back Notice
PILECON ENGINEERING: Sees No Changes to Default Status
TAKASO RESOURCES: Net Loss Shrinks in 1Q/FY05
PUNCAK NIAGA: Unveils Agreement to Effect Terms, Conditions
TAMADAM BONDED: Enters Into SPA to Dispose of Share Capital

UNITED CHEMICAL: SC Extends Deadline to Complete Restructuring
WONG ENGINEERING: Results Swing to Black in 4Q/FY05


P H I L I P P I N E S

CAWC INCORPORATED: Axe Hovers Over 25 Workers
DMCI HOLDINGS: Unveils Number of Outstanding Preferred Shares
LAFAYETTE MINING: Government Official Comes to Defense
MAYNILAD WATER: Water Rates Up This Month
NATIONAL FOOD: Central Bank OKs Loan

PHILIPPINE AIRLINES: May Fund NAIA 3 Annex Construction


S I N G A P O R E

ACCORD CUSTOMER: Ex-Finance Chief Seeks to Reduce Charges
BELL & ORDER: Winding Up Process Initiated
CHESUYAN INTERIOR: Court Orders Winding Up
NEWCALL COMMUNICATIONS: Declares Dividend Today
STARTECH MANUFACTURING: Winds Up Business

STARTECH POWER: Enters Provisional Liquidation
VILCO LIMITED: Requires Creditors to Submit Debt Claims


T H A I L A N D

NFC FERTILIZER: To Review Factory Shutdown
PAE THAILAND: Unveils Result of Board Meeting
PREMIER ENGINEEERING: SET Resumes Trading of Securities
BOND PRICING: For the Week 2 January to 6 January 2006

     -  -  -  -  -  -  -  -

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

A&P FASCIA: Appoints Official Liquidator
----------------------------------------
Notice is hereby given that at a general meeting of the members
of A&P Fascia & Guttering Pty Limited held on Dec. 8, 2005, a
special resolution was passed that the Company be wound up
voluntarily, and that Mr. Gregory Stuart Andrews of 22 Drummond
Street, Carlton 3053 be appointed as Liquidator for such
purpose.

Dated this 8th day of December 2005

G. S. Andrews
Liquidator
G. S. Andrews & Associates
Certified Practicing Accountants
22 Drummond Street, Carlton Vic 3053
Phone: 03 9662 2666
Fax:   03 9662 9544


BIG WARDROBE: Members Resolve to Wind Up Business
-------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of The Big Wardrobe Pty Limited held on Dec. 8,
2005, it was resolved that the Company be wound up voluntarily,
and Mr. Michael John Morris Smith of Smith Hancock Chartered
Accountants, Level 4, 88 Phillip Street, Parramatta
NSW 2150 was appointed as Liquidator at a creditors' meeting
held that same day.

Dated this 8th day of December 2005

Michael J. M. Smith
Liquidator
Smith Hancock Chartered Accountants
Level 4, 88 Phillip Street
Parramatta NSW 2150


BIO PROCESS: Enters Voluntary Liquidation
-----------------------------------------
At a general meeting of the members of Bio Process Laboratories
Pty Limited held on Dec. 9, 2005, a Special Resolution was
passed to voluntarily wind up the Company.

David Clement Pratt
Timothy James Cuming
Liquidators
Level 15, 201 Sussex Street
Sydney NSW 1171


BRATBY & PARTNERS: Schedules Final Meeting Jan. 10
--------------------------------------------------
Notice is given that the final meeting of the members and
creditors of Bratby & Partners Pty Limited will be held on Jan.
10, 2006, 10:00 a.m. at Level 1, 32 Martin Place, Sydney, for
the following purposes:

AGENDA

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

(2) Proxies to be used at the meeting should be lodged prior to
the start of the meeting.

Dated this 25th day of November 2005

Adam Shepard
Liquidator
Level 1, 32 Martin Place
Sydney


DONOVANS 77: Liquidator to Distribute Company Assets
----------------------------------------------------
At a general meeting of Donovans 77 Esp Pty Limited held on Dec.
9, 2005, the following Special Resolution was passed:

SPECIAL RESOLUTION

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

Dated this 9th day of December 2005

Sinclair Wilson
Accountants & Business Advisors
177 Koroit Street, Warrnambool Vic 3280


EG GREEN: Stark-Harmony Takes Over Abattoir
-------------------------------------------
An international syndicate has won the right to take over EG
Green and Son's Harvey Meatworks, according to ABC Premium News.

The Stark-Harmony consortium has won the bidding for West
Australia's largest beef processor with an AU$27-million offer
and a guarantee of at least 93 cents in the dollar for secured
creditors.

EG Green and Sons has operated Harvey Meatworks for 86 years,
before it fell into administrators' hands with massive debts.

The new owners have promised to beef up production and boost
export sales into Asia.

Administrator Martin Jones said the abattoir's new owners
represent the best chance for the embattled meatworks industry
in West Australia to flourish.

The deal will see secured creditors getting back all of their
money returned or in the case of unsecured creditors,
approximately 94 cents in the dollar.

WA Farmers Federation spokesman Mike Norton says the deal also
comes as a relief to producers, some owed hundreds of thousands
of dollars.

CONTACT:

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


EMPEROR MINES: Union Tries to Save Workers
------------------------------------------
The Mine Workers Union has made attempts to convince Emperor
Mines to retain some 374 workers, Fiji Village reports.

The union has proposed that the employees be retained on a 20-
percent pay cut and that the 20 percent be paid back to them
after three months.

The second proposal is to pay the 20 percent after six months
and the third was that the employees work six days a week but
receive pay for five days and the balance to be paid after three
months.

The Union had earlier threatened to stage a strike if the
workers are laid off.

CONTACT:

Emperor Mines Limited
Level 1 WBM Building
490 Upper Edward Street
Spring Hill QLD 4004
E-mail: emperor@emperor.com.au
Web site: http://www.emperor.com.au


FH&E TROLLEYS: Members, Creditors Decide to Close Business
----------------------------------------------------------
Notice is now given that at a meeting of the members and
creditors of FH&E Trolleys Pty Limited held on Dec. 9, 2005,
creditors resolved to wind up the Company, and Mr. R. A.
Sutcliffe was appointed as Liquidator for the winding up.

Dated this 9th day of December 2005

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


FORTESCUE METALS: Still Running After Elusive AU$2.3 Bln
--------------------------------------------------------
Mining entrepreneur Andrew Forrest has claimed Fortescue Metals'
AU$2.3-billion Pilbara iron ore project had been "almost
completely de-risked", The Sydney Morning Herald reveals.

Mr. Forrest's statement was deemed very bold because he is just
two months from his self-imposed March deadline to dig up AU$2.3
billion needed for Fortescue to construct a mine, port and
railway in time to deliver iron ore to Chinese customers by late
2007 or early 2008.

Fortescue has already postponed twice the targeted shipping date
to China, which was originally scheduled for late 2006.

Market observers raise their eyebrows at Mr. Fortescue's claim,
as even global giants BHP Billiton and Rio Tinto have suffered
cost overruns due to higher steel and wage prices associated
with the commodities boom.

The December newsletter, Fortescue also made vague statements
about its successes in mining the global financial markets. The
company claimed it had "positioned itself for a successful
financial close over the next several months", making no mention
of the March 1 deadline Mr. Forrest insisted he would meet
during a presentation at Fortescue's annual meeting in November.

CONTACT:

Fortescue Metals Group
Fortescue House
50 Kings Park Road
WEST PERTH
WESTERN AUSTRALIA WA 6005
Phone: +61 8 9266 0111
Fax: +61 8 9266 0188
E-mail: fmgl@fmgl.com.au
Web site: http://www.fmgl.com.au


GABI HOLDINGS: Members, Creditors to Review Liquidator's Report
---------------------------------------------------------------
Notice is given that a joint final meeting of the members and
creditors of Gabi Holdings Pty Limited will be held on Jan. 10,
2006, 10:30 a.m. at the offices of Horwath BRI (Vic) Pty
Limited, Level 30, Rialto North Tower, 525 Collins Street,
Melbourne, Victoria, for the following purposes:

AGENDA

(1) To receive an account of the Liquidators' acts and dealings
and the conduct of the Company's winding up;

(2) To consider the early destruction of the Company's books and
records; and

(3) Any other business that may be lawfully brought forward.

Proxies to be used at the meeting should be lodged at the
Liquidator's office by 4:00 p.m. on the day prior to the
meeting.

In accordance with Regulation 5.6.23(1) of the Corporations
Regulations, creditors will not be entitled to vote at this
meeting unless they have previously lodged particulars of their
claim against the Company with the Liquidator.

Dated this 24th day of November 2005

Laurence A. Fitzgerald
Liquidator
Horwath BRI (Vic) Pty Limited Chartered Accountants
Level 30, Rialto North Tower
525 Collins Street, Melbourne Vic 3000


HIGH SEAS: To Declare First, Final Dividend
-------------------------------------------
High Seas Electrical Service Pty Limited will declare a first
and final dividend on Jan. 10, 2006.

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

Dated this 22nd day of November 2005

John L. Greig
Liquidator
Deloitte Touche Tohmatsu Chartered Accountants
Riverside Centre, 123 Eagle Street
Brisbane Qld 4001


INTERNATIO MULLER: Winds Up Operations
--------------------------------------
Notice is hereby given that at a general meeting of the members
of Internatio Muller Chemicals Pty Limited held on Dec. 7, 2005,
a Special Resolution was passed to voluntarily wind up the
Company, and Messrs. Robyn Beverley McKern and C. M. Nicol were
appointed as Joint and Several Liquidators for such purpose.

Dated this 9th day of December 2005

Robyn B. McKern
C. M. Nicol
Liquidator
C/o McGrathNicol+Partners
Level 1, 161 Collins Street
Melbourne Vic 3000
Phone: 03 9038 3100
Web site: http://www.mcgrathnicol.com.au


JAG PLASTERING: Intends to Distribute Dividend
----------------------------------------------
JAG Plastering & Carpentry Pty Limited will declare a first and
final dividend on Jan. 10, 2006.

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

Dated this 14th day of November 2005

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


LASER HOLDINGS: Liquidator to Present Report Jan. 10
----------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Laser Holdings Limited will be held on Jan. 10,
2006, 10:30 a.m. at the offices of Cole Downey & Co, Level 1,
22 William Street, Melbourne Vic, to present the Liquidator's
account showing the manner of the Company's winding up and the
disposal of its property, and to hear any explanations that may
be given by the Liquidator.

Dated this 23rd day of November 2005

R. M. H. Cole
Liquidator
Cole Downey & Co. Chartered Accountants
Level 1, 22 William Street
Melbourne Vic 3000


MIDDLECROSS PTY: Prepares to Cease Operations
---------------------------------------------
Notice is hereby given that at a general meeting of the members
of Middlecross Pty Limited held on Dec. 13, 2005, a Special
Resolution was passed to voluntarily wind up the Company, and
Messrs. Robyn B. McKern and Colin McIntosh Nicol were appointed
as Joint and Several Liquidators for such purpose.

Dated this 13th day of December 2005

Robyn B. McKern
Colin M. Nicol
Liquidators
C/o McGrathNicol+Partners
Level 1, 161 Collins Street
Melbourne Vic 3000
Phone: 03 9038 3100
Web site: http://www.mcgrathnicol.com.au


NATIONAL AUSTRALIA: Warns of New Bank Scam Web Sites
----------------------------------------------------
National Australia Bank (NAB) warned that new web sites have
already appeared to replace those shut down for their
involvement in e-mail scam, according to ABC News Online.

More than 6,000 customers targeted by an email banking scam have
contacted NAB.

The bank has worked with Australian Federal Police (AFP) to shut
down eight overseas web sites involved in the scam, which began
around Boxing Day. The sites have operated from Germany, China,
Turkey and Korea.

The AFP and NAB have already dissolved eight web sites.

NAB spokeswoman Mikala Sabin said negotiations to get more
closed in China Korea and Turkey are continuing.

The hoax e-mails often include a letterhead and ask for
confirmation of banking details for security or software
upgrades. Clicking on the link to bogus bank web sites allows
the scammers to steal customers' details.

CONTACT:

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


ROCK RESEARCH: Members Pass Winding Up Resolution
-------------------------------------------------
At a general meeting of the members of Rock Research (No. 2) Pty
Limited held on Dec. 9, 2005, a Special Resolution was passed to
voluntarily wind up the Company.

David Clement Pratt
Timothy James Cuming
Liquidator
Level 15, 201 Sussex Street
Sydney NSW 1171


ROXETER PTY: Liquidator to Explain Wind Up Manner
-------------------------------------------------
Notice is hereby given that the final meeting of the members of
Roxeter Pty Limited will be held on Jan. 10, 2006, 10:00 a.m. at
the offices of Short Kenyon & Co. Proprietary, 54 Sailors
Bay Road, Northbridge, to receive the Liquidator's report
showing how the Company's winding up was conducted and its
property disposed of, and to hear any explanations that may be
given by the Liquidator.

Dated this 6th day of December 2005

G. D. Short
Liquidator
C/o Short Kenyon & Co. Proprietary Chartered Accountants
54 Sailors Bay Road, Northbridge NSW 2063


SADDCO PTY: Placed Under Voluntary Liquidation
----------------------------------------------
Notice is hereby given that at a general meeting of the members
of Saddco Pty Limited held on Dec. 7, 2005, a special resolution
was passed that the Company be wound up voluntarily, and that
Mr. Vernon James Robinson of Deloitte Touche Tohmatsu, Level 9
ANZ Centre, 22 Elizabeth Street, Hobart, Tasmania, be appointed
as Liquidator for such purpose.

Dated this 14th day of December 2005

Vernon J. Robinson
Liquidator
Deloitte Touche Tohmatsu
Level 9, ANZ Centre
22 Elizabeth Street, Hobart Tas 7000
Phone: 03 6237 7000
Fax:   03 6237 7001


SID FOGG'S: Falls Into Administration; Mulls Restructure
--------------------------------------------------------
Private coach firm Sid Fogg's Coachlines has entered
administration, Daily Telegraph reports.

The directors of parent Sid Fogg and Sons Pty resolved last week
to appoint Sturat Ariff Insolvency Administrators.

However, the 50-year old New Castle-based firm will continue to
trade in an attempt to prevent closure and save jobs of 30 to 35
employees.

The first creditors' meeting was held at Level 11, 50 Clarence
Street, Sydney on Friday last week.

Started in 1958 as Sid Fogg and Sons Pty Ltd, the original
owners Phillip and Pam Fogg sold the company in 1989 and are now
retired.

The company's headquarters is at Fullerton Cove, north of
Newcastle, and it also has a travel office at Jesmond. About 30
to 35 casual and permanent staff work at the offices.

CONTACT:

Sid Fogg's Coachlines
RMB 2324 Main Rd,
Fullerton Cove
NSW, Australia 2318
Phone: +61 2 4928 1088
Fax: +61 2 4928 1385
E-mail: info@sidfoggs.com.au


STARPLAN HOLDINGS: Creditors Resolve to Wind Up Firm
----------------------------------------------------
At a meeting of the creditors of Starplan Holdings Pty Limited
held on Dec. 9, 2005, it was resolved that the Company be wound
up voluntarily.

Dated this 12th day of December 2005

Oren Zohar
OREN ZOHAR
Liquidator
KordaMentha
Phone: 08 9221 6999


TEKMAG PTY: Paul Gidley Named Liquidator
----------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Tekmag Pty Limited held on Dec. 12, 2005, it
was resolved that the Company be wound up voluntarily, and Mr.
Paul William Gidley of Lawler Partners Chartered Accountants,
763 Hunter Street, Newcastle West NSW 2302 be appointed as
Liquidator for the wind up.

Dated this 13th day of December 2005

Paul W. Gidley
Liquidator
Lawler Partners Chartered Accountants
763 Hunter Street, Newcastle West NSW 2302


T.T.P. RECRUITMENT: Members, Creditors Meet to Discuss Wind Up
--------------------------------------------------------------
Notice is given that a final combined meeting of the members and
creditors of T.T.P. Recruitment Pty Limited will be held on Jan.
10, 2006, 9:30 a.m. at Level 24, 264 George Street, Sydney, for
the following purposes:

AGENDA

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

(2) Any other business that may be lawfully considered with the
foregoing.

Dated this 21st day of November 2005

Bill Cotter
Liquidator
Level 24, 264 George Street
Sydney NSW 2000


WISHARTS PTY: Shuts Down Operations
-----------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Wisharts Pty Limited held on Dec. 9, 2005, it
was resolved that the Company be wound up voluntarily, and
Messrs. William Bernard Abeyratne and Loke Ching Wong of
Harrisons Insolvency, Level 5, 150 Albert Road, South Melbourne
were appointed as Joint and Several Liquidators at a creditors'
meeting held later that day.

Dated this 9th day of December 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


W AND J FUEL: Members Agree to Wind Up Business
-----------------------------------------------
Notice is hereby given that at a general meeting of the members
of W AND J Fuel Pty Limited held on Dec. 8, 2005, it was
resolved that the Company be wound up voluntarily, and Mr.
William John Fletcher and Ms. Katherine Elizabeth Barnet of
Bentleys MRI Chartered Accountants, Level 26, AMP Place, 10
Eagle Street, Brisbane, were appointed as Joint & Several
Liquidators for such purpose.

Dated this 12th day of December 2005

Katherine E. Barnet
William J. Fletcher
Liquidator
C/o Bentleys MRI Chartered Accountants
Level 26, AMP Place
10 Eagle Street, Brisbane Qld
Phone: 07 3222 9777


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

CHINA MERCHANTS: Director Li Xinggui Quits
------------------------------------------
The Board of Directors of China Merchants DiChain (Asia) Limited
announced that Mr. Li Xinggui has tendered his resignation as an
executive director of the company with effect from December 31,
2005 due to personal reasons.

There is no disagreement between Mr. Li and Board and Mr. Li has
confirmed to the company that there is no matter which needs to
be brought to the attention of the shareholders of the Company
in relation to his resignation.

The Board would like to express its gratitude to Mr. Li for his
valuable contribution and services to the Company.

By Order of the Board
China Merchants DiChain (Asia) Limited
Dr. Fan Di
Chairman
Hong Kong December 30, 2005

CONTACT:

China Merchants Dichain (Asia) Ltd.
Unit 3611 36/F W Twr.
Shun Tak Centre
168-200 Connaught Rd. Central
Hong Kong
Phone: 852 2255 0688
Fax: 852 2851 3660 fax
Web site: http://www.dichainasia.com


CHUNG CHAN: Receives Bankruptcy Order
-------------------------------------
Notice is hereby given that the bankruptcy order against Ngo Kam
Hoi trading as Chung Chan China Hong Kong Transportation Co. was
made on December 14, 2005.

All debts due to the estate should be paid to the receiver.

Dated this 23rd day of December 2005

ET O'Connell
Official Receiver


GOLDEN CRYSTAL: Appoints Official Liquidators
---------------------------------------------
Golden Crystal Development Limited, whose registered office is
located at 5 Suffolk Road, Kowloon Tong, Kowloon, issued a
notice of appointment of liquidators in the High Court of The
Hong Kong Special Administrative Region Court of First Instance.

Joint and Several Liquidators' Names: Messrs. Lai Kar Yan
(Derek) and Yeung Lui Ming (Edmund)

Liquidators' Address: 26th Floor, Wing On Centre, 111 Connaught
Road Central, Central, Hong Kong.

Date of Appointment: December 7, 2005

Dated this 30th day of December 2005

LAI KAR YAN (DEREK)
YEUNG LUI MING (EDMUND)
Joint and Several Liquidators
26th Floor, Wing On Centre
111 Connaught Road Central
Central, Hong Kong


FORDCO TEXTILES: Court to Hear Winding Up Petition Feb. 8
---------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Fordco Textiles (Mfg) Limited by the High Court of Hong Kong
Special Administrative Region was on December 19, 2005 presented
to the said Court by East Hong Industrial Company Limited whose
correspondence address in Hong Kong is situate at Unit B, 13th
Floor, Trust Tower, No. 68 Johnston Road, Wanchai, Hong Kong.

The said Petition is directed to be heard before the Court at
9:30 a.m. on February 8, 2006.

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, 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 February 7, 2006.


K-S SHIPPING: Proofs of Debt, Claims Due Jan. 30
------------------------------------------------
Notice is hereby given that the creditors of K-S Shipping
Limited, which is being voluntarily wound up, are required on or
before January 30, 2006 to send in their names, addresses and
particulars of their debts or claims, and the name and address
of their solicitors, if any, to the undersigned and Mr. John
James Toohey, the Joint and Several Liquidators of the company.

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

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

Dated this 30th day of December, 2005.

RAINIER HOK CHUNG LAM
Joint and Several Liquidator
22/F., Prince's Building
Central, Hong Kong


PERFECT HOME: Court Issues Winding Up Notice
--------------------------------------------
Perfect Home Design Limited has received a notice of winding up
order in the High Court of the Hong Kong Special Administrative
Region Court of First Instance dated Dec. 14, 2005.

The company's registered office is located at Flat A 14/F Ming
Wah Industrial Building 17-33 Wang Lung Street Tsuen Wan New
Territories.

Date of Presentation of Petition: October 24, 2005

Dated this 23rd day of December 2005

E T O'CONNELL
Official Receiver


PROGRESS CONSTRUCTION: To Undergo Liquidation Process
-----------------------------------------------------
Progress Construction Limited has received a notice of winding
up order in the High Court of the Hong Kong Special
Administrative Region Court of First Instance dated Dec. 14,
2005.

The company's registered office is located at Flat H 1/F Yuen
Fat Building No. 1 Nelson Street Mongkok Kowloon.

Date of Presentation of Petition: October 24, 2005

Dated this 23rd day of December 2005

E T O'CONNELL
Official Receiver


TAK HING: Enters Bankruptcy
---------------------------
Notice is hereby given that the bankruptcy order against Sung
Chi Ming trading as Tak Hing Construction Co. was made on
December 14, 2005.

All debts due to the estate should be paid to the receiver.

Dated this 23rd day of December 2005

ET O'Connell
Official Receiver


WEALTH FAITH: Court Releases Winding Up Order
---------------------------------------------
Wealth Faith Asia Limited has received a notice of winding up
order in the High Court of the Hong Kong Special Administrative
Region Court of First Instance dated Dec. 14, 2005.

The company's registered office is located at Shop No. 15 Lung
Cheung Mall 136 Lung Cheung Road Kowloon.

Date of Presentation of Petition: October 24, 2005

Dated this 23rd day of December 2005

E T O'CONNELL
Official Receiver


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

DINTEX DYECHEM: Welcomes New CEO; Updates Bodal Merger
------------------------------------------------------
Dintex Dyechem Ltd has informed Bombay Stock Exchange (BSE) that
the Board of Directors of the Company at its meeting held on
December 30, 2005, inter alia, has appointed Mr. Sevantilal P
Shah, Chairman & Managing Director of the Company as Chief
Executive Officer (CEO) of the Company.

The Company has adopted code of conduct for the board members
and other senior members of the Company and risk management
policy for the board members.

The Board also noted that the process of Amalgamation of Bodal
Chemicals Pvt Ltd with the Company is an advance stage and the
Company is awaiting approval of High Court of Gujarat for said
amalgamation.

CONTACT:

Dintex Dyechem Ltd
GIDC Estate, Plot No 110, Phase II, Vatva
Ahmedabad 382445
Gujarat
Phone: 25831684 25834223 25835437
Fax: 25835245


HINDUSTAN ANTIBIOTICS: Paswan Throws Lifeline
---------------------------------------------
State-owned penicillin maker Hindustan Antibiotics is likely to
keep its nearly INR1,500 crore in assets, The Financial Express
reports.

Union chemical and fertilizers minister Ramvilas Paswan has
promised to shell out INR136 crore to rescue the ailing firm.

Mr. Paswan said there was no need to sell the company's 250 acre
of land to raise funds. He vowed the get the Union cabinet's
approval of the bailout package within two weeks.

Hindustan Antibiotics has been embroiled in financial crisis for
the past decade and was referred to the Board for Industrial &
Financial Reconstruction (BIFR) for winding up operations in
2003. But Union agriculture minister Sharad Pawar has intervened
and promised a rehabilitation proposal for the revival of the
company last year.

As per the original proposal, the Centre was to provide INR80
crore for resurrection of the company while the remaining amount
of INR56 crore was to be raised by selling off company's assets.

Mr. Paswan said the delay was caused by his disapproval to sell
company's assets. He insisted on providing the entire amount of
INR136 crore under a special package.

CONTACT:

Hindustan Antibiotics Limited,
Pimpri, Pune - 411 018, India
Phone: +91-20-776511
Fax: +91-20-772327
E-mail: ha.pune@vsnl.com
Web site: http://www.hindantibiotics.com


KORP SECURITIES: SEBI Suspends Certificate of Registration
----------------------------------------------------------
Securities and Exchange Board of India (SEBI) has passed an
order dated December 27, 2005, suspending the certificate of
registration of M/s. Korp Securities Ltd. (SEBI Reg.
No.INB230905936), Member of the National Stock Exchange for a
period of six months with effect from January 17, 2006.

The penalty is imposed for indulging in fund based activity,
dealt with un-registered sub-brokers, non maintenance of Order
book, non segregation of clients funds and own funds,
discrepancies in Contract Notes, delayed delivery/transfer of
securities from pool account, failed to maintain "Know Your
Client" (KYC) database, failed to maintained Unique Client Code,
undertook Trade Transfers, Saudas are being punched in the back
office, without actual transactions being carried out on the
Terminal, changed the shareholding pattern in violation of Rule
4 (c) of the SEBI (Stock Brokers and Sub-brokers) Rules, 1992
etc.

M/s. Korp Securities Ltd. will not be entitled to carry on the
business as a broker with effect from January 17, 2006 to July
16, 2006.

The full text of the order is available at
http://bankrupt.com/misc/tcrap_korpsecurities010206.pdf.


ROYALE MANOR: Board Approves Scheme of Amalgamation
---------------------------------------------------
Royale Manor Hotels & Industries Ltd announced that the Board of
Directors of the Company at its meeting held on December 29,
2005, has approved the share exchange ratio and Scheme of
Amalgamation of M/s. Shore Products Ltd, a Company having its
registered office at Jodhpur (Rajasthan) with the Company,
subject respective Hon'ble High Courts of Gujarat and Rajasthan
and financial institutions.

CONTACT:

Royale Manor Hotels & Industries Ltd
International Airport Circle
Ahmedabad 382475
Gujarat
Phone: 22868641 22868642 22868643
Fax: 2868641


SHREE RAMA: Court Grants Interim Relief
---------------------------------------
Shree Rama Multi-Tech Limited advised that Honorable High Court
of Gujarat has granted interim relief and directed the Company
not to issue further equity shares upon conversion of Warrants
to the parties narrated in the Company application No. 424 of
2005 viz. Mr. Vikram R. Patel, Mr. Sharad C. Patel, Pan Emami
Cosmed Ltd. and Vimpsan Investment Pvt. Limited

The said order has been communicated vide the letter No. Nil
dated December 31, 2005, received by the Company from Mr. Tushar
P. Hemani, the Advocate of the Company.

The above-mentioned application was filed in the Company
Petition No. 111 of 2005 (the petition filed by the Company for
sanction of the Scheme of Compromise and Arrangement u/s 391 of
the Companies Act, 1956).

CONTACT:

Shree Rama Multi-Tech Limited
Ram Nivas - 1,
Khanpur,
Ahmedabad - 380001
Phone: 079-5503690/1980
Fax: 5503645
Web site: http://www.shreeramamulti-tech.com


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

GARUDA INDONESIA: Vice President Defends Sale
---------------------------------------------
Indonesia's Vice President Jusuf Kalla defended the government's
plan to sell troubled state airline PT Garuda Indonesia, saying
there is little pride in owning an ailing airline, reports the
Jakarta Post.

Vice President Kalla said that in the 1950's, owning an airline
was a metter of national pride, as the airline represented the
country itself. But today, he said,  an airline is not
everything for a country.

He added that Garuda Indonesia should also be healthy
commercially, and that it is good for the country if it makes a
profit, but if it always suffers losses, then investors should
be welcomed.

Minister of State Enterprises Sugiharto had earlier announced
the government's decision to sell the Company, but it will not
sell off the entire airline to investors.

Now there are at least three investors keen on acquiring Garuda,
Didu said but he refused to give a name.

Garuda Indonesia sought to meet with creditors in an effort to
reschedule its debt repayments which were due on Dec. 31, 2005.
However, it will continue to pay the interest on its repayments.

According to Secretary of the Office of the State Minister M.
Said Didu, the Company has attracted the interest of three
investors despite its financial situation, but he did not give
out any names.

CONTACT:

PT Garuda Indonesia
Garuda Indonesia Bldg.,
Jalan Merdeka Selatan No. 13
Jakarta, 10110, Indonesia
Phone: +62 21 231 0082
Fax:   +62 21 231 1679
Web site: http://www.garuda-indonesia.com


NEWERA FOOTWEAR: Rating Downgraded to 'idBB+'
---------------------------------------------
Indonesian rating agency PT Pefindo downgraded the ratings for
PT Newera Footwear Indonesia (NEFI) and the Company's Bond
I/2003 totaling IDR31.5 billion due 2008 to "idBB+" from "idBBB-
", and at the same time removed the ratings from `Creditwatch'
status.

The downgrades reflect the Company's weakening sales, squeezed
profitability and limited cash flow protection figures.

However, NEFI's strong market position in footwear industry and
its relatively extensive distribution network somewhat mitigated
the downgrades. NEFI missed to pay its sinking fund payment of
IDR3.15 billion on November 21, 2005, and up to now, there has
been no settlement yet with its Bondholders.

The Company is regarded as one of the largest footwear
distributors in Indonesia covering daily footwear products
including sport and traveling shoes that are particularly
offered to middle to low-income people. Unlike other distributor
companies and most shoes manufacturers in Indonesia that do not
have their own brands, NEFI is a license holder of Newera brand.
The Company's footwear productions are subcontracted to several
shoes manufacturers in East Java. As to date, NEFI's major
shareholder is New Era Global Ltd. with 94.17% ownership.


PERTAMINA: Government Decides to Replace Company Chief
------------------------------------------------------
The Indonesian government has decided to replace state oil and
gas firm PT Pertamina's current President Director Widja
Purnama, Asia Pulse reports.

According to Minister of State Enterprises Sugiharto, Mr.
Purnama will be replaced based on the system, and not because
the Company requested it. He added that the ministry is still
studying the legal aspects of the replacement, but that it might
occur this month.

The government is cautious about replacing the heads of state-
owned firms due to previous experience with the replacement of
directors that ended in legal disputes. The government is also
trying to avoid "disorientation" amid the fuel price hikes, and
cabinet reshuffling issues.

Minister Sugiharto said that now is the time to replace
Pertamina's directors.

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


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

DAIEI INCORPORATED: December Sales Up 5%
----------------------------------------
Daiei Incorporated's sales increased 5 percent in December from
a year earlier, posting a second straight month of sales
increases from year-before levels for the first time in 25
months, Japan Today reports.

The supermarket chain operator had reported a 3 percent sales
gain in November for the first upturn in 21 months.

The Kobe-based retailer cut more than 1,000 jobs and closed 54
unprofitable outlets by the end of November, almost completing
its large-scale restructuring measures.

CONTACT:

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


JAPAN AIRLINES: Safety Advisors Issue Report
--------------------------------------------
A special committee of outside experts established to consult
and advise Japan Airlines (JAL) on safety issues has presented
the results of their examination and recommendations.

The five-member committee was set up in August this year in
response to a proposal made to JAL by the Japanese Ministry of
Land Infrastructure and Transport (MLIT) on June 17, 2005.

The committee's 126-page report, handed over to JAL on December
26, includes a wide-ranging list of measures and
recommendations.

With the basic title of, "Securing the Fundamentals in Achieving
the Highest Safety Standards," the report proposes action in 11
major areas.

These include upgrading employee safety awareness, company
organization changes to clarify and simplify chains of command,
greater personnel exchange to broaden basic operational
knowledge, heightened safety oversight, the systematic use of
case studies of safety-related events in employee training and
encouraging staff to take the initiative in preventing everyday
errors.

Also emphasized in the report are the links between human error
and accidents, the importance of improving the flow of
information through good communications and the establishment of
a solid corporate safety culture, aiming at the creation of a
safety culture of the highest level

On receiving the report, JAL C.E.O. Toshiyuki Shinmachi
commented, "We thank the Safety Advisory group and appreciate
their diligence for making their investigations in such a short
time and for providing their recommendations. We will examine
their recommendations carefully, with a view to their
implementation by all JAL Group personnel."

"There is no end to the challenge to secure flight safety. We
will continue to make ceaseless efforts to gain the confidence
of our customers," Mr. Shinmachi added.

The advisory committee is composed of five experts from outside
the company who have an extensive knowledge of and experience in
the fields of safety, human error analysis, organizational
operations and business culture. Chairman of the committee is
Mr. Kunio Yanagida, a former news reporter for NHK - the
Japanese national broadcasting corporation - and now a very well
known award-winning writer specializing in scientific, medical
and aviation topics in Japanese media.

JAL has been carrying out a series of corrective measures that
were implemented in response to a MLIT "Business Improvement
Order'' issued on March 17 to boost safety awareness after a
series of infringements. Among measures already taken by the
airline are the raising of employee safety awareness through
informal meetings with top executives; a review of all safety
procedures and operations manuals to prevent human error; and
confirming compliance procedures and making improvements to the
Group's safety organization structure.

CONTACT:

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

This is a company press release.


JAPAN AIRLINES: Confirms Hike in Domestic Fares
-----------------------------------------------
Japan Airlines (JAL) will increase the price of domestic Japan
normal passenger airfares from April 1 to September 30, 2006 to
help the airline group cope with the financial impact of
sustained high fuel prices.

JAL recently filed a fare increase application with the Japanese
Ministry of Land, Infrastructure and Transportation (MLIT).

During the period, JAL domestic Japan normal airfares will
increase from between 3.0% to 11.3% per one-way sector. The
amount of increase will depend on the distance of the sector(s)
flown.

JAL expects high fuel prices to continue into the future. JAL
has estimated that its fuel bill in fiscal year (FY) 2005 will
be 90 billion yen higher than that of FY2004, and in FY2006 will
be JPY130-140 billion higher than that of FY2004.

JAL has taken a wide range of countermeasures to offset the
price increase including hedging and cost cutting. The JAL
Group's medium term corporate plan for the period 2005 through
2007 includes reform of structural costs by 75 billion yen
annually by 2007 but despite these measures the company is
reluctantly obliged to ask its passengers to bear part of the
burden.

From April 1st 2006, JAL will eliminate the present domestic
fuel surcharge established in January 2005. The fuel surcharge
is 200 or 300 yen per one-way sector.

For a full copy of the press release, go to
http://bankrupt.com/misc/tcrap_jal010206.pdf

This is a company press release.

CONTACT:

Japan Airlines Corporation Company
2-4-11, Higashi-shinagawa, Shinagawa-ku
Tokyo 140-8605, Japan
Phone: +81-0120-25-5931


KIMMON MANUFACTURING: IRCJ Offloads Entire Equity
-------------------------------------------------
The Industrial Revitalization Corporation of Japan (IRCJ) has
resolved to sell the equity it holds in Kimmon Manufacturing
Co., Limited.

Background

On January 28, 2004, the IRCJ approved an application for
assistance by Kimmon under Article 22, Clause 3 of the
Industrial Revitalization Corporation Act of 2003. On March 30
of the same year, the IRCJ reached agreement on the purchase of
Kimmon's debt under Article 25, Clause 1 of the same act and, on
September 29, a third-party capital increase was carried out.

Since then the IRCJ has been carrying out a business
revitalization plan for Kimmon, while making the preparations
necessary to sell its equity in the company. Having resolved to
sell its equity in Kimmon, the IRCJ will now move to complete
the share transfer contract with the buyer Yamatake Corporation,
with the aim of completing the transaction as soon as possible.

Capital amounts, etc.

Through a capital injection of GBP3.0 billion, the IRCJ holds
classified stock amounting to 14.96% of voting rights in Kimmon.
The IRCJ will sell its entire holding of classified stock.

Comment from the State Ministers in charge of the Industrial
Revitalization Corporation of Japan

None.

Note on comments from ministers: The IRCJ is a quasi-
governmental organization.  As such the IRCJ is required to
obtain comments from the government ministers in charge of the
IRCJ about decisions to assist or engage in other initiatives
relating to private sector companies.

For more information, please contact
Corporate Planning Department
The Industrial Revitalization Corporation of Japan
Tel: 03-6212-6437

About the IRCJ

The IRCJ was established jointly by the public and private
sector on April 16, 2003, with the aim of providing
revitalization assistance beneficial to both the industrial and
the financial sectors in Japan. It targets assistance at
companies that have sound business fundamentals but are unable
to thrive because of excessive debt levels or other factors. The
IRCJ has approximately 200 employees and is based in Tokyo. For
more information please visit www.ircj.co.jp


KYUSHU TRANSPORATION: IRCJ Receives Debt Payment in Full
--------------------------------------------------------
The Industrial Revitalization Corporation of Japan (IRCJ), with
the approval of the Industrial Revitalization Committee,
receives payment in full from Kyushu Industrial Transportation
Co., Ltd. for the remaining debt held by the IRCJ in Kyushu
Transportation group.

The payment received by the IRCJ means that it no longer holds
any debt or other obligations of Kyushu Transportation group
companies.

1. Names of companies concerned: (Main companies)

Kyushu Industrial Transportation Co., Ltd.

Kyushu Industrial Transportation Logistics

Note: Names of the companies other than the main companies are
listed separately.

2. Process to date

On August 28, 2003 the IRCJ approved an application for
assistance by Kyushu Industrial Transportation under Article 22,
Clause 3 of the Industrial Revitalization Corporation Act of
2003. On November 27, 2003, under Article 25, Clause 1 of the
same act, the IRCJ reached agreement with financial institutions
on the purchase of the company's debts. Following this, a
capital decrease and recapitalization was carried out in
February 2004. Since then the IRCJ has been
involved in various aspects of the company's business
revitalization.

On October 14, 2005, all of the ordinary shares (representing
67.03% of voting rights) held by the IRCJ in Kyushu
Transportation concomitant with the capital increase were
transferred to H.I.S. H.S. Kyushu Industrial Transportation
Investment Partnership H.I.S. S. Kyushu the recipient company
capitalized principally by H.I.S. Co., Ltd. and H.S. Securities
Co., Ltd.

On December 10, 2004, all of the ordinary shares (representing
96.0% of voting rights) held by the IRCJ in Kyushu Logistics
were transferred to Footwork Express Co., Ltd., and on February
28, 2005 payment was received in full for the outstanding debt.

3. Amount of debt

The principle value of Kyushu Transportation's debt was �36,182
million, for which the IRCJ paid EUR18,733 million from
financial institutions. Following financial support in line with
the revitalization plan of EUR16,187 million (debt forgiveness
of EUR15,590 and debt-equity swap of EUR597 million), the
remaining balance of EUR21,495 million (EUR19,995 million
following financial support and new loans of EUR1,500 million)
was handled through business income, loan conversions through
Kyushu Logistics, disposal of collateral and other such methods.
Following the receipt by the IRCJ of loan repayment of EUR8,491
million, payment has been received in full for all outstanding
debt.

4. Comment from the state ministers in charge of the Industrial
Revitalization Corporation of Japan

None expressed.

Note on comments from ministers: The IRCJ is a quasi-
governmental organization. As such, the IRCJ is required to
obtain comments about decisions to assist private-sector
companies from the three government ministers in charge of the
IRCJ.

About the IRCJ

The IRCJ was established jointly by the public and private
sector on April 16, 2003, with the aim of providing
revitalization assistance beneficial to both the industrial and
the financial sectors in Japan. It targets assistance at
companies that have sound business fundamentals but are unable
to thrive because of excessive debt levels or other factors. The
IRCJ has approximately 200 employees and is based in Tokyo.

Names of other companies in target company group:
Sanko Kanko Bus K.K. (currently Sanko Bus K.K. following merger)
Aso Kanko Bus K.K. (currently Kyushu Sanko Kanko Bus K.K.
following merger)
Kyushu Industrial Transportation Facilities
Amakusa Tourist Development K.K.
Sanko Agency (business liquidation completed according to
revitalization plan)
Sanko Taxi K.K. (business liquidation completed according to
revitalization plan)
Sanko Pony Taxi K.K. (disposal completed according to
revitalization plan)
Sanko Industrial Transportation Logistics Services K.K.
Southern Kyushu Sanko Distribution K.K.
Sanko Mikku K.K.

CONTACT:

Corporate Planning Department
The Industrial Revitalization Corporation of Japan
Phone: 03-6212-6437
Web site: http://www.ircj.co.jp


MITSUI MINING: IRCJ Disposes Of Entire Equity
---------------------------------------------
The Industrial Revitalization Committee of the Industrial
Revitalization Corporation of Japan (the IRCJ) has reached a
decision to sell all equity held in Mitsui Mining Company
Limited.

Background: On October 31, 2003 the IRCJ approved an application
for assistance by Mitsui Mining under Article 22, Clause 3 of
the Industrial Revitalization Corporation Act of 2003. On
December 10, 2003, under Article 25, Clause 1 of the same act,
the IRCJ reached agreement with financial institutions on the
purchase of the company's debts, and in February 2004 a capital
reduction and recapitalization was implemented.

After helping progress revitalization of the company in line
with the business revitalization plan, in March 2005 the IRCJ
transferred a portion of its holdings in Mitsui Mining to three
sponsor companies (Daiwa Securities SMBC Principal Investments
Co., Ltd., Nippon Steel Corporation and Sumitomo Corporation)
and continued to support the business revitalization of Mitsui
Mining along with those companies. Now that a certain level of
progress in the business revitalization has been achieved, the
IRCJ has decided to divest its remaining equity held in Mitsui
Mining. The IRCJ plans to continue to observe movements in the
stock market and divest all equity in an appropriate manner
within a reasonable timeframe.

3. Capital injection, etc.

Through a debt equity swap of JPY20.0 billion (comprising �10.0
billion of ordinary shares and JPY10.0 billion of class A
preferred shares), the IRCJ gained 52% of issued shares of
Mitsui Mining, representing 52% of voting rights.

In March 2005, the IRCJ sold ordinary shares corresponding to
33% of issued shares (33% of voting rights), representing an
initial investment amount of �6.3 billion, along with all class
A preferred shares held. The IRCJ has now decided to divest the
remaining common shares it holds in the company (representing an
initial investment JPY3.7 billion and 19%* of voting rights).

* The figure of 19% represents the percentage before conversion
of preferred shares into common shares by the sponsor companies
on December 2, 2005. The figure prior to conversion was
approximately 13%.

4. Comment from the state ministers in charge of the Industrial
Revitalization Corporation of Japan: None expressed

Note on comments from ministers: The IRCJ is a quasi-
governmental organization. As such, the IRCJ is required to
obtain comments about decisions to assist private-sector
companies from the three government ministers in charge of the
IRCJ.

CONTACT:

Corporate Planning Department
The Industrial Revitalization Corporation of Japan
Phone: 03-6212-6437
Web site: http://www.ircj.co.jp


MYCAL CORPORATION: Completes Rehab Process Ahead of Schedule
------------------------------------------------------------
Supermarket chain operator Mycal Corporation has completed its
reconstruction seven years ahead of schedule, Japan Today
reports.

The company has almost finished repaying more than JPY200
billion in debts to financial institutions as of December.

The Tokyo District Court has notified it of the conclusion of
the process.

CONTACT:

Mycal Corporation
3-1-30 Kyutaro-machi, Chuo-ku
Osaka 541-0056, Japan
Phone: +81-6-6245-4548
Fax: +81-6-6245-4558


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

DONG AH CONSTRUCTION: Creditors Want Court Receivership
-------------------------------------------------------
Dong Ah Construction Co. creditors aspire to place the Company
under court receivership in order to get it back on track, Asia
Pulse reveals, citing Yonhap News Agency.

Korea Asset Management Corp. (KAMCO) has signed a memorandum of
understanding (MOU) on the plan with leading creditor Goldman
Sachs on December 20.  The MOU would enable creditors to put off
the sale of Dong Ah in February or March.

"The biggest challenge we face is to get approval for such a
move from the court," said an official from KAMCO.

Dong Ah Construction was officially declared bankrupt in March
2001.

CONTACT:

Dong Ah Construction Industrial Co., Ltd.
120-23 Sosomun-dong
Chung-gu, Seoul 100-110
Korea (South)
Telephone: +82 2 3709 2114
           +82 2 3709 0000
Web site: http://www.dongah.co.kr/


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

AFFIN HOLDINGS: New Shares Up for Listing, Quotation
----------------------------------------------------
Affin Holdings Berhad advised that its additional 453,000 new
ordinary shares of MYR1.00 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation by Bursa Malaysia Securities Berhad with effect from
9:00 a.m., Wednesday, January 4, 2006.

CONTACT:

Affin Holdings Berhad
Jalan Bukit Bintang
55100 Kuala Lumpur, Kuala Lumpur 55100
Malaysia
Telephone: +60 3 2142 9569 / +60 2143 1057


KILANG PAPAN: Books MYR4,522,000 Net Loss in 3Q
-----------------------------------------------
Kilang Papan Seribu Daya Berhad submitted to Bursa Malaysia
Securities Berhad a copy of its Third Quarter financial report
for the financial period ended October 31, 2005.

Summary of Key Financial Information
October 31, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    31/10/2005    31/10/2004      31/10/2005     31/10/2004
    MYR'000       MYR'000     MYR'000        MYR'000

(1) Revenue

    40            405              486           2,254

(2) Profit/(loss) before tax

    -4,522        -4,848           -13,517       -14,584

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

    -4,522        -4,848           -13,517       -14,584

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

    -4,522        -4,848           -13,517       -14,584

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

    -23.00        -24.00           -68.00         -73.00

(6) Dividend per share (sen)

    0.00           0.00             0.00           0.00

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

(7) Net tangible assets per share (MYR)

    -10.4900                -9.8200

To view a full copy of the financial statement, go to
http://bankrupt.com/misc/KilangPapan123005.xls

To view a full copy of the notes to FS, go to
http://bankrupt.com/misc/KilangPapanNotestoFS123005.rtf

CONTACT:

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


KL INFRASTRUCTURE: Net Loss Widens in 2Q/FY05
---------------------------------------------
KL Infrastructure Group Berhad furnished Bursa Malaysia
Securities Berhad a copy of its Second Quarter financial report
for the financial period ended October 31, 2005.

Summary of Key Financial Information
October 31, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    31/10/2005    31/10/2004      31/10/2005     31/10/2004
    MYR'000       MYR'000     MYR'000        MYR'000

(1) Revenue

    8,322         8,092           17,707         15,308

(2) Profit/(loss) before tax

    -19,620       -16,533        -38,491          -34,089

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

    -19,620       -16,533        -38,491          -34,089

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

    -19,620       -16,533        -38,491          -34,089

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

    -3.77           -3.18          -7.40           -6.56

(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)

       0.1941                    0.2681

To view a full copy of the financial statement, go to
http://bankrupt.com/misc/KLInfrastructure123005Quarterly

To view a full copy of the notes to FS, go to
http://bankrupt.com/misc/KLInfrastructureNotesQ22006.doc


K.P. KENINGAU: Updates Default Status
-------------------------------------
K.P. Keningau Bhd (KPK) provided Bursa Malaysia Securities
Berhad an update on its default in payments status as at
November 30, 2005 per attachment in Appendix A.

To view Appendix A, go to
http://bankrupt.com/misc/KPKeningauAppendixA123005.pdf

Total defaults by KPK and its subsidiaries on principal sums
plus accrued interest (defaulted amounts) as at November 30,
2005 amounted to MYR41,498,315.58. The defaulted amounts owing
to financial institutions are in respect of past banking
facilities, which comprised of trade financing, term loans,
revolving creditors and overdrafts.

On legal suit No: K22-164-2004 taken by UOB which came
up for decision on December 9, 2005, the Deputy Register ruled
that judgment be entered against the defendants.

KPK's solicitors would be filing an appeal to the Judge-in-
Chamber. Status of other legal claims remains unchanged as
previously reported and save for the above, there
is no new development pursuant to this Practice Note.

This announcement is dated 29 December 2005.


MBF CORPORATION: Unit Cuts Defaulted Amount
-------------------------------------------
The Board of Directors of MBF Corporation Berhad updated Bursa
Malaysia Securities Berhad on the default in payments by MBf
Leasing Sdn Bhd, a wholly owned subsidiary of MBf Corp.

As at December 29, 2005 the total default in loan repayment sum
of MYR22,478,317.00 has been reduced to MYR21,478,317.00 with
the repayment of MYR1,000,000 to the Scheme B Creditors.

In addition, an amount of MYR434,057 has been paid to all Scheme
Creditors, resulting in a shortfall of MYR723,428 in interest
repayment to all Scheme Creditors for the month of December
2005.

There is no further new development since the previous
announcement with regard to the steps taken to address the
default.

Yours faithfully
MBf Corporation Berhad
Lau Cheong Koon
Company Secretary
29 December 2005

CONTACT:

MBf Corporation Bhd
(Leisure Commerce Square), No 9Jalan PJS
8/9, 46150 Petaling Jaya, Selangor Darul Ehsan
Malaysia
Telephone: +60 7 861 2100
Fax: +60 7 861 2200


MBF HOLDINGS: Issues Update to Unit's Wind Up Petition
------------------------------------------------------
MBF Holdings Berhad issued to Bursa Malaysia Securities Berhad
details of the placement of subsidiary under creditors'
voluntary winding up scheme pursuant to Section 254 of the
Companies Act, 1965.

MBf Holdings Berhad (MBfH) informed Bursa Malaysia that
the directors of its wholly owned subsidiary, Melawati
Recreation Berhad (Melawati), have on December 29, 2005
resolved:

that Melawati cannot by reason of its liabilities, continue its
business and that it be wound up voluntarily;

that pursuant to Section 255 of the Companies Act 1965, Mr.
Jeyaraj a/l V. Ratnaswamy and Encik Mustapha bin Mohamed of
Messrs. MustaphaRaj Sdn Bhd, Suite 23.01, 23rd Floor Plaza
Permata, Jalan Kampar, Off Jalan Tun Razak, 50400 Kuala Lumpur
be and are hereby appointed as Provisional Liquidators for
the purpose of the winding up; and

that separate meetings of members and creditors of Melawati be
convened pursuant to Section 254 (1) (b) and Section 260 (1) of
the Companies Act, 1965 respectively.

Information on Melawati

Melawati was incorporated on July 16, 1984 and the principal
activity was the development and sale of memberships of a
recreational club. The authorized share capital of Melawati is
MYR20,000,000 comprising 20,000,000 ordinary shares of MYR1.00
each, of which 1,200,000 ordinary shares have been issued and
fully paid-up.

As at November 30, 2005, Melawati has a deficit shareholders'
fund of approximately MYR33.7 million.

Rationale for the Winding Up

The winding up of Melawati is due to its inability to meet the
repayment of its liabilities to its creditors as and when they
fall due and its inability to continue its business.

Financial Effect of the Winding Up

The winding up of Melawati would not have any material impact on
the operations of the Company.

There will be a gain of approximately MYR17.7 million arising
from the de-consolidation consequent to the winding up. The
gain is computed on the basis that:

(1) The realizable value of the assets charged to a financial
institution for a credit facility is sufficient to relinquish
the outstanding principal sum of MYR13.0 million; and

(2) Following the liquidation of Melawati, MBfH as guarantor for
(1) above shall assume the servicing of interest on the
abovementioned credit facility until the full settlement of the
facility.

Interests of Directors, Substantial Shareholders and Persons
connected to the Directors and Substantial Shareholders

None of the directors, substantial shareholders and
persons connected to the directors and substantial shareholders
of MBfH has any interest, direct or indirect in the said
exercise.

Yours faithfully,
For and on behalf of
MBf Holdings Berhad
Ding Lien Bing
Company Secretary
29 December 2005

CONTACT:

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


MEDIA PRIMA: Issues New Shares for Listing, Quotation
-----------------------------------------------------
Kindly be advised that Media Prima Berhad's additional:

(i) 100,000 new ordinary shares of MYR1.00 each arising
from the Exercise of 100,000 Warrants 2003/2008 of Warrants; and

(ii) 126,000 new ordinary shares of MYR1.00 each arising from
the Conversion of MYR189,000 Nominal Amount of Irredeemable
Convertible Unsecured Loan Stocks 2003/2008

will be granted listing and quotation with effect from
9:00 a.m., Friday, December 30, 2005.

CONTACT:

Media Prima Berhad
Sri Pentas,
No. 3 Persiaran Bandar Utama,
Bandar Utama,
47800 Petaling
Selangor
Phone: 03-77266333
Fax: 03-77280787
Web site: http://www.mediaprima.com.my/index.asp


MERCURY INDUSTRIES: Updates Transaction Entered by Unit
-------------------------------------------------------
Mercury Industries Berhad (MIB) issued to Bursa Malaysia
Securities Berhad details of the proposed debt settlement by
Silverlight Prospects Sdn Bhd, a wholly owned subsidiary of the
company, by way of issuance of 12,000,000 new MIB ordinary
shares of MYR1.00 each at an issue price of MYR1.00 each
(Proposed Debt Settlement).

On behalf of the Board of Directors of MIB, Kenanga advised the
Exchange that MIB, Silverlight Prospects Sdn Bhd and Excel
Goldmist (M) Sdn Bhd had on December 28, 2005 entered into a
second Supplemental Debt Settlement Agreement, whereby the
parties have agreed to extend the Cut-off Date (as defined in
MIB's announcement dated June 30, 2005), which is due to expire
on December 30, 2005, for a further six (6) months to June 30,
2006.

Other than the above, all terms and conditions of the Debt
Settlement Agreement (as supplemented by the Supplemental Debt
Settlement Agreement dated August 25, 2005) remain unchanged.

This announcement is dated 29 December 2005.

CONTACT:

Mercury Industries Berhad
7th Floor, Menara Promet,
Jalan Sultan Ismail,
Kuala Lumpur Wilayah
Persekutuan 50250 Malaysia
Telephone: 03-21412775
Fax: 03-21431211


NAIM INDAH: Bourse to List, Quote New Shares
--------------------------------------------
Naim Indah Corporation Berhad advised that its additional
95,000,000 new ordinary shares of MYR0.20 each arising from the
conversion of 95,000,000 nominal value of MYR0.20 Irredeemable
Convertible Unsecured Loan Stocks 2003/2006 will be granted
listing and quotation by Bursa Malaysia Securities Berhad with
effect from 9:00 a.m., Tuesday, January 3, 2006.


PACIFIC & ORIENT: Buys Back Ordinary Shares
-------------------------------------------
Pacific & Orient Berhad issued to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:

Date of buy back: December 30, 2005

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

Total number of shares purchased (units): 40,000

Minimum price paid for each share purchased (MYR): 1.760

Maximum price paid for each share purchased (MYR): 1.790

Total consideration paid (MYR): 71,525.40

Number of shares purchased retained in treasury (units): 40,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 8,129,689

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

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


PANTAI HOLDINGS: Issues Shares Buy Back Notice
----------------------------------------------
Pantai Holdings Berhad advised that its additional 119,900 new
ordinary shares of MYR1.00 each issued pursuant to Employees'
Share Option Scheme will be granted listing and quotation by
Bursa Malaysia Securities Berhad with effect from 9:00 a.m.,
Tuesday, January 3, 2006.

CONTACT:

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


PILECON ENGINEERING: Sees No Changes to Default Status
------------------------------------------------------
Further to the announcement made by Pilecon Engineering Berhad
on November 30, 2005 with regards to the status of default in
payment pursuant to Practice Note 1/2001, the Company advised
that there have not been any changes to the status of default
since then.

CONTACT:

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


TAKASO RESOURCES: Net Loss Shrinks in 1Q/FY05
---------------------------------------------
Takaso Resources Berhad furnished Bursa Malaysia Securities
Berhad a copy of its First Quarter financial report for the
financial period ended October 31, 2005.

Summary of Key Financial Information
October 31, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    31/10/2005    31/10/2004      31/10/2005     31/10/2004
    MYR'000       MYR'000     MYR'000        MYR'000

(1) Revenue

    8,536          7,584          8,536           7,584

(2) Profit/(loss) before tax

    -27            -253            -27            -253

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

    -27            -415            -27             -415

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

    -27            -415            -27             -415

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

    -0.06          -0.88           -0.06          -0.88

(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)

    0.8900                         0.8900

To view a full copy of the financial statement, go to
http://bankrupt.com/misc/TakasoResources1Q2006Report.doc


PUNCAK NIAGA: Unveils Agreement to Effect Terms, Conditions
-----------------------------------------------------------
Puncak Niaga Holdings Berhad issued to Bursa Malaysia Securities
Berhad an update on the revision of the Terms and Conditions of
the MYR1,020 million Islamic Debt Securities Issuance Facility
under the financing concept of Al-Bai' Bithaman Ajil of Puncak
Niaga (M) Sdn Bhd (187511-V) (BaIDS).

Reference is made to Puncak's earlier announcement on December
21, 2005 in relation to the Revision of the Terms and Conditions
of the MYR1,020 million Islamic Debt Securities Issuance
Facility Under The Financing Concept Of Al-Bai' Bithaman Ajil Of
Puncak Niaga (M) Sdn Bhd (187511-V) (BaIDS).

The Company informed the Exchange that its wholly owned
subsidiary, Puncak Niaga (M) Sdn Bhd (PNSB) has on December 28,
2005, executed the following agreements to effect the revision
of the terms and conditions of the BaIDS:

(1) Supplemental Trust Deed Relating to the Issue of up
to MYR1,020,000,000.00 Nominal Value Bai Bithaman Ajil Secured
Serial Primary Bonds between PNSB and PB Trustee Services
Berhad;

(2) Asset Purchase Agreement between PNSB, PB Trustee Services
Berhad and United Overseas Bank (Malaysia) Bhd;

(3) Asset Sale Agreement between PNSB, PB Trustee Services
Berhad and United Overseas Bank (Malaysia) Bhd;

(4) Depository and Paying Agency Agreement between PNSB, PB
Trustee Services Berhad, Bank Negara Malaysia and United
Overseas Bank (Malaysia) Bhd; and

(5) Supplemental Charge Relating To The Issue Of Up To
MYR1,020,000,000.00 Nominal Value Bai Bithaman Ajil Secured
Serial Bonds between PNSB and PB Trustee Services Berhad.

This announcement is dated 29 December 2005.

CONTACT:

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


TAMADAM BONDED: Enters Into SPA to Dispose of Share Capital
-----------------------------------------------------------
Tamadam Bonded Warehouse Berhad issued to Bursa Malaysia
Securities Berhad details of the disposal of the entire issued
and paid up share capital of Tamadam Logistics Bhd (TLB)
(Proposed Disposal).

(1) Introduction

The Board of Directors of Tamadam Bonded Warehouse Berhad (TBWB)
advised that the Company has entered into a sale and purchase
agreement (SPA) in relation to the Proposed Disposal on December
29, 2005.

(2) Details of the disposal

The Disposal involves the disposal of two ordinary shares of
MYR1.00 each in Tamadam Logistics Bhd (TLB Shares or Sale
Shares) representing the entire issued and paid-up capital of
TLB by TBWB to Encik Mansor bin Darus and Mr. Winston de Souza
(the Purchasers) for cash consideration of MYR2.00 (Disposal
Consideration). The Sale Shares have been disposed free from all
liens, charges, equities, pledges, encumbrances, restrictions or
other security interests.

(2.1) Background Information on TLB

TLB, a wholly owned subsidiary of TBWB, was incorporated under
the Companies Act, 1965 on November 10, 1993 under the name TBW
Logistics Bhd as a limited company. As at December 29, 2005, its
authorized share capital is MYR100,000 comprised of two ordinary
shares of MYR1.00 each of which two shares have been issued and
fully paid-up.

TLB does not have any subsidiary or associated companies. TLB's
principal activity was rental of warehouses.

(2.2) Basis of Arriving At the Disposal Consideration

The Disposal Consideration was arrived at on a willing-buyer
willing-seller basis after taking into consideration the net
liability (NL) position of TLB as at December 31, 2004, being
the date of the latest available audited financial statements
of TLB, of MYR45,827. As at September 30, 2005, being the date
of the latest available management accounts of TLB, its NL were
MYR48,680.

(2.3) Original Cost of Investment

The original cost of investment by TBWB in TLB was MYR2 incurred
in 1993 for the initial two ordinary shares.

(3) Rationale

The Disposal will strengthen the Tamadam Group's financial
position.

(4) Effects

(4.1) Share Capital

The Disposal will not have any effect on the share capital of
Tamadam as the Disposal will be satisfied in cash.

(4.2) Substantial Shareholders' Shareholdings

The Disposal will not have any effect on the substantial
shareholders' shareholdings in Tamadam as the Disposal will be
satisfied in cash.

(4.3) Net Tangible Asset (NTA)

The effect of the Disposal on the NTA of Tamadam is tabulated in
Table 1.

(4.4) Earnings

The Disposal will result in a loss on disposal of MYR2.00 at the
Company level.

However, save for an exceptional gain on disposal of MYR45,829
to be recognized in the financial period for the Group in which
the Disposal is completed, the Disposal is not expected to have
any material effect on the earnings of Tamadam Group for the
financial year ending December 31, 2005.

(4.5) Gearing

The effect of the Disposal on the gearing ratio of the Tamadam
Group is set out in Table 1.
To view a full copy of Table 1, go to
http://bankrupt.com/misc/TamadamBonded123005.xls

(5) Directors' and substantial shareholders' interests

None of the directors and/or substantial shareholders of TBWB
and/or any persons connected with them have any interest, direct
or indirect, in the Disposal.

(6) Directors' statement

The Board, after careful deliberation, is of the opinion that
the Disposal is in the best interests of TBWB and its
shareholders.

(7) Departures from SC'S Policies and Guidelines on issue/offer
of securities (SC Guidelines)

The SC's Guidelines do not apply to the Disposal.

(8) Documents for inspection

A copy of the SPA in respect of the Disposal can be inspected at
TBWB's office at 902, Uptown 2, No. 2 Jalan SS21/37, Damansara
Uptown, 47400 Petaling Jaya Selangor Darul Ehsan from Mondays to
Fridays (except public holidays) during normal business hours
for a period of one (1) month from the date of this
announcement.

This announcement is dated 29 December 2005.

CONTACT:

Tamadam Bonded Warehouse Berhad
Lot 11614, North Klang Straits Industrial Area,
Port Klang Selangor 42000 Malaysia
Telephone: 03-31680318
Fax: 03-31686112


UNITED CHEMICAL: SC Extends Deadline to Complete Restructuring
--------------------------------------------------------------
United Chemical Industries Berhad (UCI) furnished Bursa Malaysia
Securities Berhad an update to the Restructuring Exercise.

Further to our announcement dated June 28, 2005 in respect of
the approval for an extension of time by the Securities
Commission (SC) on the Restructuring Exercise, Alliance Merchant
Bank Berhad (Alliance), on behalf of the Board of Directors of
UCI, advised that the SC, had vide its letter dated December 28,
2005, approved UCI's application for a further extension of
time of six (6) months to June 30, 2006, for UCI to complete its
Restructuring Exercise.

The SC has also reminded Alliance/UCI that the approval for
extension of time is final, and to take appropriate actions to
complete the implementation of the Restructuring Exercise within
the approved time frame.

This announcement is dated 29 December 2005.

CONTACT:

United Chemical Industries Berhad
20th Floor, West Wing,
IGB Plaza, Jalan Kampar,
Kuala Lumpur
Wilayah Persekutuan 50400
Malaysia
Telephone: 03-40420488
Fax: 03-40448711
Web site: http://www.uci.com.my


WONG ENGINEERING: Results Swing to Black in 4Q/FY05
---------------------------------------------------
Wong Engineering Corporation Berhad furnished Bursa Malaysia
Securities Berhad a copy of its Fourth Quarter financial report
for the financial period ended October 31, 2005.

Summary of Key Financial Information
October 31, 2005

        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period
    31/10/2005    31/10/2004      31/10/2005     31/10/2004
    MYR'000       MYR'000     MYR'000        MYR'000

(1) Revenue

    7,257         7,504           25,712         28,352

(2) Profit/(loss) before tax

    -647          -3,209           -1,646         -6,372

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

    309           -2,911           -614           -5,901

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

    309           -2,911           -614           -5,901

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

    0.34           -3.17           -0.67          -6.44

(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)

      0.7700                     0.7900

To view a full copy of the financial statement, go to
http://bankrupt.com/misc/TamadamBonded123005.xls

To view a full copy of the notes to FS, go to
http://bankrupt.com/misc/TamadamBondednotesQ42005announcement.do
c

CONTACT:

Wong Engineering Corporation Bhd
Lot 24, Jalan Hi-Tech 4, Kulim Hi-Tech Park,
Kulim Kedah 09000 Malaysia
Telephone: 04-4031788
Fax: 04-4031799


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

CAWC INCORPORATED: Axe Hovers Over 25 Workers
---------------------------------------------
CAWC Incorporated, a 99% subsidiary of Chemical Industries of
the Philippines Inc., in a move to further rationalize its Pasig
manufacturing plant operations and as a cost-saving measure, has
retrenched/declared redundant a total of twenty-five (25) plant
operations personnel to take effect on January 31, 2006.

CONTACT:

Chemical Industries of the Philippines Inc.
Chemphil Building
851 Antonio S. Arnaiz Avenue
Legaspi Village, Makati City 1229
Phone:  818-8711 to 28; 894-4413
Fax:  817-4803
E-mail:  chemphilgroup@chemphil.com.ph
Web site:  http://www.chemphil.com.ph


DMCI HOLDINGS: Unveils Number of Outstanding Preferred Shares
-------------------------------------------------------------
Further to Circular for Brokers No. 5211-2005 dated Nov. 30,
2005, DMCI Holdings Inc., through SEC Form 17-C dated Jan. 2,
2006, disclosed that:

"Of taking total preferred shares issued, below is the remaining
balance after taking into account the following:

  2,400,000 Total number of preferred shares issued by the
Company
  (596,895) Shares held as of April 5, 2002
(1,153,854) Shares redeemed for the period of April 9-Dec. 31,
2002
   (72,170) Shares redeemed for the year 2003
  (249,550) Shares redeemed for the year 2004
  (164,650) Shares redeemed for the period of January-Dec. 2005
                   January 1-31   -  5,400
                  February 1-28   -  none
                     March 1-31   -  none
                     April 1-30   -  none
                       May 1-31   -  none
                      June 1-30   -  300
                      July 1-31   -  22,000
                    August 1-31   -  none
                 September 1-30   -  none
                   October 1-31   -  none
                  November 1-30   -  none
                  December 1-31   -  136,950 (shares redeemed as
                                   agreed with the Shareholders)

(145,391) Acquired by D.M. Consuji Inc.

   17,490 Total number of outstanding preferred shares

In view thereof, a total of 136,950 preferred shares redeemed
for the month of December 2005 shall be delisted from the
Official Registry of the Exchange effective on Tuesday, Jan. 3,
2006. This brings the number of the Company's outstanding
preferred shares to 17,490.

The designated stock and transfer agent is hereby authorized to
cancel in its books the above number of preferred shares.

CONTACT:

DMCI Holdings Incorporated
3/F, Dacon Building
2281 Chino Roces Ave. Ext.
Makati City 1231
Telephone:  888-3000
Fax:  816-7362
E-mail Address: dmcihi@dmcinet.com
Web site: http://www.dmchi.com


LAFAYETTE MINING: Government Official Comes to Defense
------------------------------------------------------
A top government official has cautioned colleagues against
blaming Lafayette Mining Limited for contaminating the waters
along the coastal towns of Sorsogon, according to The Philippine
Daily Inquirer.

Albay Governor Fernando Gonzales, an active member of the
Lafayette monitoring team, said the Australian mining company
does not used mercury in processing the ores.

He said Prieto Diaz Mayor Bonito Doma should not blame the mine
spill for the fish scare that had affected the coastal towns of
Sorsogon.

Gov. Gonzales said determining the source of mercury would put
to rest the issue of Lafayette's culpability in the
contamination.

He also added that the withdrawal of Lafayette's mining
operation would take away very significant investment and
employment opportunities, not to mention the taxes and dues the
mining firm pays to the provincial government.

Some of the operations of the Lafayette Philippines Inc. (LPI)
have been suspended pending final study or findings of the
independent monitoring team formed by the Mines and Geosciences
Bureau.

CONTACT:

Lafayette Mining Limited
Suite 1, Level 5
189 Flinders Lane
Melbourne
Australia VIC 3000
Telephone: +61 (0)3 9654 6044
Facsimile: +61 (0)3 9654 6010
E-mail: info@lafayettemining.com
Web site: http://www.lafayettemining.com


MAYNILAD WATER: Water Rates Up This Month
-----------------------------------------
The Metropolitan Waterworks and Sewerage System (MWSS) has
approved an upward tariff adjustment of Php1.86 per cubic meter
for west zone customers being serviced by the Maynilad Water
Services Inc., according to The Philippine Daily Inquirer.

The new rate will take effect on the second week of January.

Since the water company declared bankruptcy in 2004, state-run
MWSS has taken over the management of the west zone concession
that services 5.6 million customers in Manila and nearby cities.

Maynilad's service area covers all of Manila, except San Andres
and Sta. Ana, parts of Quezon City, parts of Makati, Caloocan,
Pasay, Paranaque, Las Pinas, Muntinlupa, Valenzuela, Navotas,
Malabon, Cavite City and some towns in Cavite.

CONTACT:

Maynilad Water Services Inc.
G/F MWSI Building, Katipunan Road
MWSS Compound, Balara
Quezon City
Philippines


NATIONAL FOOD: Central Bank OKs Loan
------------------------------------
The central bank's Monetary Board has approved last week three
foreign loans amounting to US$0.6 million, The Manila Bulletin
has learned.

The biggest was the million short-term revolving fund for the
National Food Authority (NFA) to pay for rice imports.

NFA is the borrower while the creditor is Sumitomo-Mitsui Bank.

Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. said
the MB has approved in principle the NFA loans.

"This will cover the country's rice importations for 2006," he
said.

The revolving fund started this year. It has a tenor of 12
months, 30-day LIBOR plus 1.5 percent spread per annum.

CONTACT:

National Food Authority
101 E. Rodriguez Sr. Ave.,
Quezon City, 1100
Philippines
Web site: http://www.nfa.gov.ph/


PHILIPPINE AIRLINES: May Fund NAIA 3 Annex Construction
-------------------------------------------------------
National flag carrier Philippine Airlines (PAL) is likely to
finance the construction of Ninoy Aquino International Airport
(NAIA) Terminal 3 annex to accommodate its domestic operations,
ABS-CBN News reports.

The Manila International Airport Authority (MIAA) said PAL wants
to transfer to Terminal 3 along with its domestic operations,
but the facility cannot accommodate it.

PAL had said it is better for the company's financial plan if
domestic and international flight operations are both at the
NAIA 3. Besides the integrated operations, the airline company
has requested the government to build a cargo terminal at the
NAIA 3.

MIAA General Manager Alfonso Cusi advised PAL to construct an
annex if the carrier wants a smooth operation.

Mr. Cusi said the Terminal 3 annex can be completed in one year
if PAL would agree to finance it. He also said the term sheet of
the planned US$300-million three-year loan from a group of
lenders, led by the Development Bank of the Philippines, will be
finalized by January.

To date, Mr. Cusi said no decision has been made on who will
construct the annex.

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


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

ACCORD CUSTOMER: Ex-Finance Chief Seeks to Reduce Charges
---------------------------------------------------------
Lawyers for the former chief financial officer of mobile phone
solutions provider Accord Customer Care Solutions Limited (ACCS)
are seeking a plea bargain, reports Channel NewsAsia.

ACCS ex-CFO Yip Hwai Chong is one of four former executives
charged for conspiracy against mobile phone giant Nokia.

Citing unnamed sources, Channel NewsAsia reports that the
alleged conspiracy by the Company to cheat Nokia with false
warranty claims began when Nokia told thew Company that it would
send up to 30,000 phones a month for repairs.

But the number of phones sent for repaird fell far short of the
expected number, thus, leading to huge losses for ACCS. The
Copmany's top executives then created a scheme to send fake
warranty repair claims worth around SGD4.3 million to Nokia from
January 2005 to September 2005.

According to his lawyers, Mr. Yip was not an active participant
in the scheme; they are seeking to reduce the 98 charges that
were made against him.

The court has set Jan. 18, 2006 to hear Mr. Yip's plea.

CONTACT:

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


BELL & ORDER: Winding Up Process Initiated
------------------------------------------
Notice is hereby given that Messrs. Foong Yeap and Ee Bee Yen
filed a winding up petition against Bell & Order Engineering Pte
Limited with the Singapore High Court on Dec. 14, 2005.

The Petition is directed to be heard before the Court sitting at
Singapore on Jan. 13, 2006, 10:00 a.m.

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

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

The first Petitioner's address is 80 Jalan Daud #12-03,
Singapore 419591.

The second Petitioner's address is 271 Choa Chu Kang Avenue 2
#05-263, Singapore 680271.

The Petitioner's solicitors are Yeo Wee Kiong Law Corporation of
No. 1 Raffles Place, #39-02 OUB Center, Singapore 048616.

Yeo Wee Kiong Law Corporation
Solicitors for the Petitioners

Note:

Any person who intends to appear at the hearing of the petition
must serve on or send by post to solicitors Yeo Wee Kiong Law
Corporation of No. 1 Raffles Place, #39-02 OUB Centre, Singapore
048616, notice in writing of his intention to do so. The notice
must state the name and address of the person, or, if a firm,
the name and address of the firm, and must be signed by the
person or firm, or his or their solicitor (if any) and must be
served, or, if posted, must be sent by post in sufficient time
to reach the solicitors not later than 12:00 p.m. of Jan. 12,
2006.

CONTACT:

Bell & Order Engineering Pte Limited
66 Tannery Lane
#03-05 Sindo Building
Singapore 347805
Phone: 65 6743 8081
Fax:   65 6747 5775


CHESUYAN INTERIOR: Court Orders Winding Up
------------------------------------------
In the matter of Chesuyan Interior Design & Decoration Pte
Limited, the Singapore High Court issued a winding up order
against the Company on Dec. 13, 2005, with the following
details:

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

Dated the 13th day of December 2005

Tan Jee Ming & Partners
Solicitors for the Petitioners
58 Tras Street #02-01
Singapore 078997
Phone: 65 6532 0080
Fax:   65 6532 0090


NEWCALL COMMUNICATIONS: Declares Dividend Today
-----------------------------------------------
Newcall Communications Singapore Pte Limited, formerly of 9
Temasek Boulevard, #20-03 Suntec Tower Two, Singapore 038989,
posted a notice of intended dividend at the Government Gazette,
Electronic Edition with the following details:

Name of Company: Newcall Communications Singapore Pte Limited
Last day for receiving proofs: Jan. 3, 2006
Name  & address of Liquidators: Chee Yoh Chuang & Lim Lee Meng
Chio Lim & Associates
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423

Dated this 30th day of December 2005

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


STARTECH MANUFACTURING: Winds Up Business
-----------------------------------------
Notice is hereby given that Startech Manufacturing Pte Limited,
a subsidiary of Startech Electronics Limited, was placed into
provisional liquidation, and Mr. Don M. Ho of Don Ho &
Associates was appointed as the Company Liquidator.

The necessary shareholders' and creditors' meetings shall be
held in due course after requisite notice have been given to all
relevant parties.

CONTACT:

Startech Manufacturing Pte Limited
C/o Startech Electronics Limited
No. 41 Senoko Drive
Singapore 758249
Email: info@startechgrp.com
Web site: http://www.startechgrp.com


STARTECH POWER: Enters Provisional Liquidation
----------------------------------------------
Notice is hereby given that Startech Power Pte Limited, a
subsidiary of Startech Electronics Limited, was placed into
provisional liquidation, and Mr. Don M. Ho of Don Ho &
Associates was appointed as the Company Liquidator.

The necessary shareholders' and creditors' meetings shall be
held in due course after requisite notice have been given to all
relevant parties.

CONTACT:

Startech Power Pte Limited
C/o Startech Electronics Limited
No. 41 Senoko Drive
Singapore 758249
Email: info@startechgrp.com
Web site: http://www.startechgrp.com


VILCO LIMITED: Requires Creditors to Submit Debt Claims
-------------------------------------------------------
Notice is hereby given that the creditors of Vilco (Private)
Limited, which is being wound up voluntarily, are required on or
before Jan. 17, 2006 to send in their names and addresses, with
particulars of their debts or claims and the names and addresses
of their solicitors (if any) to the Company Liquidator.

If so required by notice in writing by the said Liquidator, 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 27th day of December 2005

Zalinah Samade
Liquidator
C/o IP Consultants Pte Limited
135 Cecil Street
#10-04 LKN Building
Singapore 069536


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

NFC FERTILIZER: To Review Factory Shutdown
------------------------------------------
According to the Board's resolution of NFC Fertilizer Plc. on
December 20, 2005, it was announced that the executive team
should restudy on the permanent shutdown of NFC's factory.

In addition, the board advised the Stock Exchange of Thailand
(SET) that the further investment on factory improvement of
amount THB238 million is too high.

Therefore, the Board ordered the executive team to restudy the
case and present again in the next board meeting within February
2006.

For your acknowledgement

Sincerely Yours,
NFC Fertilizer Public Company Limited
Mrs. Bongkot Rasmeepaisarn
Vice President
Office of the Chief Executive Officer

CONTACT:

NFC Fertilizer Pcl
Laopengnguan Bldg 1, Floor 17-19,
333 Vibhavadi Rangsit Road, Chatu Chak, Bangkok
Telephone: 0-2618-8100
Fax: 0-2618-8200
Web site: http://www.nfc.co.th


PAE THAILAND: Unveils Result of Board Meeting
---------------------------------------------
PAE (Thailand) unveiled to the Stock Exchange of Thailand (SET)
the important issues on the Board of Directors meeting dated
December 29, 2005.

(1) Pol. General Pornsak Durongkavibul, Chairman of the Board of
Directors has submitted his resignation from the position as
well as the position of Director effective December 29, 2005
citing engagement on other matters preventing him from fully
attending the company s meetings and managing company's
businesses.

(2) Mr. Kobsak Chinawongwatana, Company's Managing Director has
submitted his resignation form the position effective December
29, 2005 citing overly engagement on other business matters. Mr.
Kobsak Chinawongwatana remains as Executive Committee member and
the Director of PAE (Thailand) Public Co. Ltd.

The Company will inform the Security Exchange Company of
Thailand as soon as available the names of the person replacing
the outgoing two resigned positions.

Sincerely yours,
Soradej Choothesa
Director of Finance & Accounting
PAE (Thailand) Public Company Limited

CONTACT:

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


PREMIER ENGINEEERING: SET Resumes Trading of Securities
-------------------------------------------------------
Starting January 4, 2006, the Stock Exchange of Thailand (SET)
allowed the securities of Premier Engineering and Technology
Public Company Limited (PE&T) to be listed on the SET after
finishing capital increase procedures.

However, PE&T is a listed company under REHABCO sector and
is in the rehabilitation process, therefore, the SET has still
suspended trading all securities of PE&T until the causes of
delisting are eliminated.

Anyway, the company could request the SET to allow continued
trading under the REHABCO category after it completed the
conditions specified by the SET.

Name: PE&T
Issued and Paid up Capital (Par value THB10 per share)

Old: THB1,305,925,040

New: THB1,419,444,710

Allocate to: Existing shareholders whose name are shown in
shareholders list approved by the Central Bankruptcy Court
total 11,351,967 shares

Price per share: THB1

Payment date: October 13, 2005

CONTACT:

Premier Engineering & Technology PCL
1/10 Moo 4, Bangchan Industrial Estate,
Khan Na Yao Bangkok
Telephone: 0-2517-1276-8, 0-2517-7520-8
Fax: 0-2518-1473




BOND PRICING: For the Week 2 January to 6 January 2006
------------------------------------------------------

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


AUSTRALIA
---------
Advantage Group Ltd                  10.000%     4/15/06     1
Ainsworth Game                        8.000%    12/31/09     1
Amcom Telecommunications Ltd         10.000%    10/28/07     2
APN News & Media Ltd                  7.250%    10/31/08     5
A&R Whitcoulls Group                  9.500%    12/15/10     9
Arrow Energy NL                      10.000%     3/31/08     1
Babcock & Brown Pty Ltd               8.500%    12/31/49     9
Becton Property Group                 9.500%     6/30/10     1
BIL Finance Ltd                       8.000%    10/15/07     9
BIL Finance Ltd                       9.250%    10/15/06     9
Capital Properties NZ Ltd             8.500%     4/15/07     8
Capital Properties NZ Ltd             8.500%     4/15/09     8
Capital Properties NZ Ltd             8.000%     4/15/10     8
Cardno Limited                        9.000%     6/30/08     4
CBH Resources                         9.500%    12/16/09     1
Chrome Corporation Ltd               10.000%     2/28/08     1
Clean Seas Tuna Ltd                   9.000%     9/30/08     1
Djerriwarrh Investments Ltd           6.500%     9/30/09     4
eBet Limited                         10.000%    11/29/06    22
Evans & Tate Ltd                      8.250%    10/29/07     1
Fletcher Building Ltd                 7.550%     3/15/11     8
Fletcher Building Ltd                 7.800%     3/15/09     8
Fletcher Building Ltd                 7.900%    10/31/06     9
Fletcher Building Ltd                 8.300%    10/31/06     8
Fletcher Building Ltd                 8.600%     3/15/08     8
Fletcher Building Ltd                 8.750%     3/15/06     8
Fletcher Building Ltd                 8.850%     3/15/10     8
Fernz Corp Ltd                        8.560%    10/15/06     8
Futuris Corporation Ltd               7.000%    12/31/07     2
Gympie Gold Ltd                       8.500%     9/30/07     1
HBOS Tsy Services Plc                 5.750%    10/26/10     8
Hy-Fi Securities Ltd                  7.000%     8/15/08     8
Hy-Fi Securities Ltd                  8.750%     8/15/08    11
Hudson Timber Products Ltd            7.000%    12/31/10     1
Hutchison Telecoms Australia          5.500%     7/12/07     1
Infrastructure & Utilities NZ Ltd     8.500%     9/15/13     8
Investa Property Group Ltd            6.000%     5/28/08     6
Kagara Zinc Ltd                       9.750%     5/06/07     2
Kiwi Income Properties Ltd            8.000%     6/30/10     1
Longreach Group Ltd                  10.000%    10/31/08     1
Minerals Corporation Ltd             10.500%     9/30/07     1
Nuplex Industries Ltd                 9.300%     9/15/07     8
Pacific Print Group Ltd              10.250%    10/15/09    11
Primelife Corporation                 9.500%    12/08/06     1
Primelife Corporation                10.000%     1/31/08     1
Salomon SB Australia                  4.250%     2/01/09     8
Sapphire Securities Ltd               7.410%     9/20/35     7
Silver Chef Ltd                      10.000%     8/31/08     1
Software of Excellence                7.000%     8/09/07     1
Strathfield Group Ltd                11.000%    12/31/05     1
Sydney Gas Company                   12.000%     4/01/06     1
Sydney Gas Limited                   12.000%     6/01/06     1
Tower Finance Ltd                     8.650%    10/15/09     8
Tower Finance Ltd                     8.750%    10/15/07     8
TrustPower Ltd                        8.300%     9/15/07     8
TrustPower Ltd                        8.500%     9/15/12     8
TrustPower Ltd                        8.500%     3/15/14     8
Vision Systems Ltd                    9.000%    12/15/08     2


MALAYSIA
--------

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


SINGAPORE
---------

Sengkang Mall                         8.000%    11/20/12     1
Structural System Singapore          11.000%     6/30/07     1
Tampines Assets Ltd                   5.625%   12/07/06      1
Tampines Assets Ltd                   6.000%   12/07/06      1



                            *********


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

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

Copyright 2006.  All rights reserved.  ISSN: 1520-9482.

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