TCRAP_Public/060110.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Tuesday, January 10, 2006, Vol. 9, No. 007

                            Headlines

A U S T R A L I A

ABORAF PTY: Liquidator to Detail Wind Up Manner
AIR NEW ZEALAND: Watchdog to Appeal Advertising Ruling
BODYMINDLIFE PTY: Winds Up Operations
CYCLIC SYSTEMS: Prepares to Declare First, Final Dividend
DIVANS FINE: Members, Creditors to Hear Liquidator's Report

ELIZABETH ANNE: Liquidator to Present Winding Up Report Jan. 17
EMERALD CONSTRUCTION: Intends to Pay Dividend to Creditors
EMPEROR MINES: Confirms Job Cuts at Vatukoula
GOLDEN CHEF: Collapse Leaves 400 Jobless
HADOWAND PTY: Members, Creditors Meet to Discuss Winding Up

KEDRON BOWLS: Schedules Final Meeting Jan. 17
KING SOLOMON: To Declare Dividend Jan. 23
MARKALINGA MANAGEMENT: Members to Review Wind Up Report
METRO WEST: Set to Declare Final Dividend
NORDIV HOLDINGS: Placed Under Voluntary Liquidation

OPEN BOX: Members, Creditors to Convene Joint Meeting Jan. 17
PRESTIGE FREIGHT: Receiving Claims Until Jan. 19
QANTAS AIRWAYS: Perth Airport Welcomes Jetstar
RIO LOBO: Creditors Meeting Fixed Jan. 17
SAM'S SEAFOOD: Boss Follows Firm's Footprints

SANTOS LIMITED: Shuts Down Oil Output at Mutineer-Exeter
SCOTT PORTER: Final Meeting Slated for Jan. 17
SGS BRICKLAYING: Asks Creditors to Submit Debt Claims
SYNERTECH SYSTEMS: To Hold Final Meeting Jan. 20
TOLBINA PTY: Liquidator to Explain Winding Up Manner

TRANSERV AUSTRALIA: Truck Repairer Steps on Brakes
WATTYL LIMITED: Allco Wants Boss to Stay
WESTPOINT GROUP: Trouble Brews in Market St.
WISER SOFTWARE: Members, Creditors to Receive Wind Up Report


C H I N A  &  H O N G  K O N G

ALBERTO-CULVER LIMITED: Liquidator to Face Creditors, Members
BANK OF CHINA: Wins Key Approval for HK IPO
FIRST DRAGONCOM: Winding Up Petition Dismissed
GENCROSS INTERNATIONAL: Court Issues Winding Up Order
JOVELL INCORPORATION: Liquidation Process Initiated

NEW CONCEPT: Receives Bankruptcy Order
NEWFOUND ASSETS: John Greenwood Named Liquidator
KOCH ASPHALT: Appoints Provisional Liquidators
KSM LIMITED: Court Issues Winding Up Notice
LANFIELD MARBLE: Prepares to Shut Down Operations

MAY SHING: Court Favors Liquidation
QPL INTERNATIONAL: Notes Unusual Price, Volume Movements
WEON LIMITED: Enters Winding Up Process
WING KEE: Court Declares Firm Bankrupt


I N D I A

DIGITAL MULTIFORMS: Signs Agreement with NCR Corporation
GANESH BANK: Government Issues Order of Moratorium
HMT LIMITED: Board Meets to Consider Q3 Results
STERLING HOLIDAY: Unveils Outcome of Board Meeting
STERLING HOLIDAY: Board to Consider Issue of FCCBs

STERLING HOLIDAY: Welcomes Additional Director
ZENOTECH LABORATORIES: Shareholders OK Scheme of Amalgamation


I N D O N E S I A

GARUDA INDONESIA: Attracts Investor Interest
KIANI KERTAS: Creditor Bank Rejects Takeover Proposal


J A P A N

ALL NIPPON: To Retire Last Boeing 747SR March 10
HITACHI LIMITED: Aims to Raise Profitability Beyond 5%
MITSUBISHI MOTORS: To Issue JPY30 Bln in Preferred Stock
SANYO ELECTRIC: Survey Says Brand is Worst Around the World
* 147 Companies Receive Debt Forgiveness in Japan


K O R E A

LG CARD: Mulls Due Diligence by Month's End


M A L A Y S I A

AMSTEEL CORPORATION: EGM Slated for Jan. 25
ANTAH HOLDING: Updates Default Status
AVANGARDE RESOURCES: Court to Hear Winding Up Case March 9
BELL & ORDER: Issues, Allots Consideration Shares
COMPUGATES HOLDINGS: Issues Restructuring Scheme Update

GULA PERAK: New Shares Set for Listing, Quotation
ICAPITAL.BIZ BERHAD: Books MYR1,176,000 Net Loss in 2Q/FY05          
KEMAYAN CORPORATION: No Losses Incurred on Unit's Winding Up
MAGNUM CORPORATION: Buys Back Ordinary Shares
MAGNUM CORPORATION: New Shares Up for Listing, Quotation

MALAYSIAN AIRLINES: To Dispose of Local, Overseas Properties
MALAYSIA PACIFIC: Puan Asnah Withdraws Wind Up Petition on Unit
MAXIS COMMUNICATIONS: Issues Proposal Update
MAXIS COMMUNICATIONS: Parties Agree to Call Off Suit
MEDIA PRIMA: Bourse to List, Quote New Shares

METROPLEX BERHAD: Court Reschedules Hearing
OLYMPIA INDUSTRIES: SPA Gets Six-month Extension
TALAM CORPORATION: Releases List of Struck Off Units


P H I L I P P I N E S

ABS-CBN BROADCASTING: Slashes Listed PDRs
COLLEGE ASSURANCE: Continues Ops Despite Insolvency Reports
MAYNILAD WATER: Government to Wrap Up Sale by June
NATIONAL FOOD: Iron-fortified Rice Imports Arrive in RP Ports
PHILNICO INDUSTRIAL: Jichuan Group's Investment Hits Snag


S I N G A P O R E

BIN HIN: Creditors to Review Wind Up Report
E-MARITIME PTE: Creditor Seeks to Wind Up Firm
FIRSTLINK INVESTMENTS: Unveils New Audit Committee Composition
HAPPY MANUFACTURING: Appoints Official Liquidators
GOLD PRECISION: Intends to Pay Dividend to Creditors

SATE RIA: Receiving Claims Until Jan. 20


T H A I L A N D

SIAM AGRO-INDUSTRY: Reveals Conversion of Shares
BOND PRICING: For the Week 9 January to 13 January 2006

     -  -  -  -  -  -  -  -

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

ABORAF PTY: Liquidator to Detail Wind Up Manner
-----------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Aboraf Pty Limited will be held on Jan. 20, 2006,
10:00 a.m. at the offices of Jirsch Sutherland Chartered
Accountants, Level 2, 84 Pitt Street, Sydney, to present the
Liquidator's account showing the manner in which 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 20th day of December 2005

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


AIR NEW ZEALAND: Watchdog to Appeal Advertising Ruling
------------------------------------------------------
The New Zealand Commerce Commission (NZCC) is likely to appeal a
court ruling over fare advertising by Air New Zealand after the
carrier was acquitted on one-third of the sample charges,
Reuters reports.

In November, Air NZ was found guilty of 14 of 20 sample charges
out of a total 342 laid by the consumer watchdog.

Consumers had complained that extra charges were being added to
the price of fares advertised between 2001 and 2004, including
normal operating costs such as fuel.

The NZCC aims to overturn the acquittals on six charges and
would not comment further while the appeal was before the court.

Air New Zealand, which said in December it would not appeal the
initial ruling despite facing potential fines of millions of
dollars, said it would defend itself against the Commission's
appeal.

CONTACT:

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


BODYMINDLIFE PTY: Winds Up Operations
-------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Bodymindlife Pty Limited will be held on Jan. 20,
2006, 11:30 a.m. at the offices of Jirsch Sutherland Chartered
Accountants, Level 2, 84 Pitt Street, Sydney, to have an account
laid before them showing how the Company was wound up and its
property disposed of, and to hear any explanations thereof.

Dated this 20th day of December 2005

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


CYCLIC SYSTEMS: Prepares to Declare First, Final Dividend
---------------------------------------------------------
Cyclic Systems Pty Limited will declare a first and final
dividend on Jan. 18, 2006.

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

Dated this 6th day of December 2005

Danny Vrkic
Liquidator
Jirsch Sutherland & Co - Wollongong Chartered Accountants
Level 3, 6-8 Regent Street
Wollongong NSW 2500
Phone: 02 4225 2545
Fax:   02 4225 2546


DIVANS FINE: Members, Creditors to Hear Liquidator's Report
-----------------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Divans Fine Furniture Australia Pty Limited will be
held on Jan. 17, 2006, 9:30 a.m. at the offices of Brooke Bird
& Co. Chartered Accountants, 471 Riversdale Road, Hawthorn East
3123, to receive the Liquidators' account showing how the
Company was wound up and its property disposed of, and to hear
any explanations that may be given by the Liquidators.

Dated this 17th day of November 2005

Robyn Erskine
Peter Goodin
Joint Liquidators
Brooke Bird & Co. Chartered Accountants
471 Riversdale Road, Hawthorn East 3123
Phone: 03 9882 6666


ELIZABETH ANNE: Liquidator to Present Winding Up Report Jan. 17
---------------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Elizabeth Anne Enterprises Pty Limited will be held
on Jan. 17, 2006, 10:00 a.m. at the offices of Cole Downey &
Co., Level 1, 22 William Street, Melbourne, to present the
Liquidator's account showing the manner of the Company's winding
up and disposal of property, and to hear any explanations
thereof.

Dated this 6th day of December 2005

J. P. Downey
Liquidator
Cole Downey & Co. Chartered Accountants
Level 1, 22 William Street
Melbourne Vic 3000


EMERALD CONSTRUCTION: Intends to Pay Dividend to Creditors
----------------------------------------------------------
Emerald Construction Pty Limited will declare a first and final
dividend on Jan. 20, 2006.

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

Dated this 29th day of November 2005

A. R. M. Taylor
Liquidator
Meertens Chartered Accountants
Level 1, 49 Woods Street
Darwin NT 0800
Phone: 08 8923 9239
Fax:   08 8942 3250


EMPEROR MINES: Confirms Job Cuts at Vatukoula
---------------------------------------------
Emperor Mines has confirmed it will cut almost 20 percent of its
workforce at Vatukoula to curb sharply rising costs, Business
Day relates, citing The Dominion Post.

The Fijian mine at Vatukoula would eliminate 374 jobs out of a
workforce of 2100.

DRDGold, which has a controlling stake in Emperor, said The
Dominion Post's report was correct. The company revealed the
decision to retrench was taken by Emperor Mines, the biggest
employer in the region, and it made the move for the mine to
continue operating.

Mineworkers Union general secretary Satish Chandra said
Emperor's management had not discussed the redundancies with the
union. He threatened strike action if sacked workers did not get
redundancy packages.

The mine has had problems with the local community. Miners
retrenched in the early 1990s picketed the mine for several
years, despite a court ruling that dismissals were legal.

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


GOLDEN CHEF: Collapse Leaves 400 Jobless
----------------------------------------
The collapse of Golden Chef will see the loss of 400 jobs,
according to The Advertiser.

Company receivers SimsPartners decided to shut down three key
parts of the ailing catering firm after its directors failed to
meet requirements to let it keep trading.

The receiver has put in place a licensing agreement to allow
Golden Chef and two other firms to continue trading while in
administration, but the principals of the Golden Chef Group
failed to pay the license fees.

SimsPartners would not be trading the three of the more than 80
firms in the group it controlled, and would prepare the assets
for sale. These include most of the company's 226 catering vans
in South Australia and Victoria.

The decision has placed the fate of the further 150 or so
administration and food preparation staff in uncertainty.

The group of companies, founded in 1979 by George Charitopoulos,
was placed in liquidation in July after the Australian Taxation
Office took it to court over about AU$300,000 in unpaid tax.

The company had seemed to be recovering, moving from liquidation
to administration status in September, and indicating it would
sell property, including the AU$3.25 million Snowdome at
Thebarton, to pay its debts.

But matters took a turn for the worse last week when delivery
drivers were refused access to their vans.
                                       
CONTACT:

Golden Chef
203-205 Hanson Road
Athol Park South Australia 5012
Phone: 1300 881 588/ 08 8348 1700
Fax: 08 8445 6488
Web site: http://www.goldenchef.com.au/


HADOWAND PTY: Members, Creditors Meet to Discuss Winding Up
-----------------------------------------------------------
Notice is hereby given that a final meeting of the members of
Hadowand Pty Limited will be held on Jan. 20, 2006, 4:00 p.m. at
Level 19, 207 Kent Street, Sydney NSW 2000, to present the
Liquidator's account on the manner of the Company's winding up
and disposal of property, and to hear the Liquidator's
explanation of such account, as well as to determine how the
accounts, books and documents of the Company and of the
Liquidator shall be disposed of.

Dated this 17th day of November 2005

S. K. Preen
Liquidator
C/o HLB Mann Judd
Level 19, 207 Kent Street
Sydney NSW 2000


KEDRON BOWLS: Schedules Final Meeting Jan. 17
---------------------------------------------
Notice is given that a general meeting of the members of the
Kedron Bowls Club Inc. will be held on Jan. 17, 2006, 10:00 a.m.
at the offices of Horwath BRI Brisbane, Level 4, 370 Queen
Street, Brisbane, Qld 4000, to receive the Liquidator's account
showing how the Company was wound up and its property disposed
of, and to hear any explanations that may be given by the
Liquidator.

Dated this 17th day of November 2005

Philip G. Jefferson
Liquidator
C/o Horwath BRI Brisbane
Level 4, 370 Queen Street
Brisbane Qld 4000


KING SOLOMON: To Declare Dividend Jan. 23
-----------------------------------------
King Solomon Mines Limited will declare a first and final
dividend on Jan. 23, 2006.

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

Dated this 6th day of December 2005

Martin Jones
Liquidator
Ferrier Hodgson Chartered Accountants
Level 26, 108 St. George's Terrace
Perth WA 6000


MARKALINGA MANAGEMENT: Members to Review Wind Up Report
-------------------------------------------------------
Notice is given that a final meeting of the members of
Markalinga Management Limited will be held on Jan. 20, 2006,
10:00 a.m. at the offices of Deloitte Touche Tohmatsu, Level 14,
Woodside Plaza, 240 St. Georges Terrace, Perth WA 6000, for the
following purposes:

AGENDA

(1) To receive the Liquidator's account showing how the Company
was wound up and its property disposed of, and to hear any
explanations thereof;

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

(3) To discuss any other business that may arise.

Dated this 7th day of December 2005

D. J. Coates
Liquidator
C/o Deloitte Touche Tohmatsu
GPO Box A46, Perth WA 6837
Phone: 08 9365 7000


METRO WEST: Set to Declare Final Dividend
-----------------------------------------
Metro West Auto Pty Limited will declare a first and final
dividend on Jan. 15, 2006.

Creditors whose debts or claims have not already been admitted,
are required to formally prove their debts or claims on or
before Jan. 14, 2006. If they do not, they will be excluded from
the benefit of the dividend.

Dated this 3rd day of November 2005

Anthony Milton Sims
Liquidator
SimsPartners Chartered Accountants
Level 24, Australia Square
264 George Street, Sydney NSW 2000


NORDIV HOLDINGS: Placed Under Voluntary Liquidation
---------------------------------------------------
Notice is given that the final meeting of the members of Nordiv
Holdings Pty Limited will be held on Jan. 17, 2006, 10:30 a.m.
at the offices of BDO, Level 19, 2 Market Street, Sydney, to lay
before the meeting the liquidator's final account and report,
and to give any explanation thereof.

Dated this 8th day of November 2005

John Duncan Green
Liquidator
3 Woodford Street, Longueville NSW 2066


OPEN BOX: Members, Creditors to Convene Joint Meeting Jan. 17
-------------------------------------------------------------
Notice is given that a joint meeting of the members and
creditors of Open Box Imports Pty Limited will be held on Jan.
17, 2006, 10:00 a.m. at the offices of Armstrong Wily & Co.,
Level 5, 75 Castlereagh Street, Sydney, to present the
Liquidator's report on the Company's winding up and disposal of
property, and to hear any explanations thereof.

Dated this 5th day of December 2005

Andrew H. J. Wily
Liquidator
Armstrong Wily & Co. Chartered Accountants
Level 5, 75 Castlereagh Street
Sydney NSW 2000


PRESTIGE FREIGHT: Receiving Claims Until Jan. 19
------------------------------------------------
Prestige Freight Services Pty Limited will declare a first and
final dividend on Jan. 19, 2006.

Creditors whose debts or claims have not already been admitted,
are required to formally prove their debts or claims on or
before Jan. 19, 2006. If they do not, they will be excluded from
the benefit of the dividend.

Dated this 8th day of December 2005

D. A. Turner
Liquidator
PKF
11th Floor, 485 Latrobe Street
Melbourne Vic 3000


QANTAS AIRWAYS: Perth Airport Welcomes Jetstar
----------------------------------------------
Qantas Airways' low-cost carrier Jetstar has announced it will
commence services into Perth Airport from March 2006 with a
daily return service from Avalon Airport, Geelong.

The daily flight is the first service into Perth by Jetstar and
will initially use a 177 seat Airbus 320 to satisfy the demand.

Australian Infrastructure Fund (AIF) Director, Tim Poole said,
"The commencement of Jetstar services is an important step to
creating additional capacity into Perth Airport. This
development will now create the possibility of additional
Jetstar services into Perth Airport from a variety of
destinations."

The introduction of Jestar services will only add to Perth
Airport's impressive passenger growth rate. For the September
quarter 20054, Perth Airport reported strong domestic passenger
growth of 7.4 percent on the preceding year, for a quarterly
total of 1,260,000 passengers.

AIF owns 24.9 percent of Perth Airport.

CONTACT:

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


RIO LOBO: Creditors Meeting Fixed Jan. 17
-----------------------------------------
Notice is given that a meeting of the creditors of Rio Lobo Pty
Limited will be held on Jan. 17, 2006, 11:00 a.m. at the offices
of Grant Thornton, Level 6, 256 St. Georges Terrace, Perth WA
6000, for the following purposes:

AGENDA

(1) To receive the Liquidator's report showing how the Company
was wound up and its property disposed of, and to hear any
explanations that may be given by the Liquidator.

(2) To consider the remuneration of the Liquidator, partners and
staff for the period from May 1, 2004 to Nov. 25, 2005.

(3) To consider and if thought appropriate, approve the
Liquidator's future remuneration.

Dated this 5th day of December 2005

Mervyn J. Kitay
Liquidator
Grant Thornton
Level 6, 256 St. George's Terrace
Perth WA 6000


SAM'S SEAFOOD: Boss Follows Firm's Footprints
---------------------------------------------
The former managing director of failed Sam's Seafood has gone
bankrupt following the collapse of the goods supplier last year,
The Courier-Mail reports.

Nick Noutsatos declared himself bankrupt, in a move aimed to
buffer him from any potential claims.

Mr. Noutsatos was managing director of Sam's Seafood when it was
forced into receivership last year. Most of Sam's businesses,
which offered goods ranging from reef fish to barramundi spring
rolls, have been closed.

By declaring himself bankrupt, Mr. Noutsatos has ensured claims
against him are almost limited to assets he held up to December
2 last year when he declared bankruptcy.

Any unsecured creditor who had a personal guarantee from him
cannot start legal proceedings or take a new step in existing
proceedings, unless they get court permission. They must now
lodge a claim with his estate.

But Mr. Noutsatos, who has been ill and moved interstate, could
face damages if the liquidators PPB take any action against him
personally.

PPB has flagged the possibility of recovering some funds through
actions against the directors or auditors of Sam's. This depends
on the outcome of ongoing investigations.

PPB is negotiating with Western Australian parties about a sale
of Sam's "corporate shell", which could be used as a back-door
to the stockmarket.

PPB partner Julie Williams said a successful sale of the
corporate shell will see unsecured creditors receiving a minimal
return. The major benefit will be to shareholders.

CONTACT:

Sam's Seafood Holdings Limited
43 Holt St Eagle Farm
Australia
Phone: (07) 3131 4100
Fax: (07) 3268 5231
Web site: http://www.sams.com.au/


SANTOS LIMITED: Shuts Down Oil Output at Mutineer-Exeter
--------------------------------------------------------
Production at Santos Limited's Mutineer-Exeter was suspended
Monday as a precaution ahead of cyclone Clare, Reuters has
learned.

The Australian oil and gas producer said a floating rig used in
the field had been detached from moorings and was being moved
out of the cyclone's path.

Santos expects production to restart as early as Tuesday
afternoon.

Santos has a 33.39 percent stake in the Mutineer-Exeter project.
The other stakeholders are Kuwait Foreign Petroleum Exploration
Co. with 33.40 percent, Japan's Nippon Oil with 25 percent. The
balance is held by Woodside Petroleum.

CONTACT:

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


SCOTT PORTER: Final Meeting Slated for Jan. 17
----------------------------------------------
Notice is given that a final meeting of the members and
creditors of Scott Porter Investments Pty Limited will be held
on Jan. 17, 2006, 10:30 a.m. at the offices of Cole Downey &
Co., Level 1, 22 William Street, Melbourne, to receive the
Liquidator's account on the Company's winding up and disposal of
property, and to hear any explanations thereof.

Dated this 6th day of December 2005

J. P. Downey
Liquidator
Cole Downey & Co. Chartered Accountants
Level 1, 22 William Street
Melbourne Vic 3000


SGS BRICKLAYING: Asks Creditors to Submit Debt Claims
-----------------------------------------------------
SGS Bricklaying Pty Limited will declare a first and final
dividend on Jan. 20, 2006.

Creditors whose debts or claims have not already been admitted,
are required to formally prove their debts or claims on or
before Jan. 13, 2006. If they do not, they will be excluded from
the benefit of the dividend.

Dated this 1st day of December 2005

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


SYNERTECH SYSTEMS: To Hold Final Meeting Jan. 20
------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Synertech Systems Pty Limited will be held on Jan.
20, 2006, 11:15 a.m. at Ngan & Co., Level 5, 49 Market Street,
Sydney NSW 2000, for the following purposes:

AGENDA

(1) To receive the Liquidator's account on the Company's
liquidation and disposal of property, and to receive any
explanation required thereof.

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

Dated this 13th day of December 2005

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


TOLBINA PTY: Liquidator to Explain Winding Up Manner
----------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Tolbina Pty Limited will be held on Jan. 18, 2006,
9:30 a.m. at the offices of Brooke Bird & Co. Chartered
Accountants, 471 Riversdale Road, Hawthorn East 3123, to present
the Liquidator's account showing how the Company's winding up
was conducted and its property disposed of, and to hear any
explanations thereof.

Dated this 14th day of November 2005

Robyn Erskine
Peter Goodin
Joint Liquidators
Brooke Bird & Co. Chartered Accountants
471 Riversdale Road, Hawthorn East 3123
Phone: 03 9882 6666


TRANSERV AUSTRALIA: Truck Repairer Steps on Brakes
--------------------------------------------------
Truck maintenance and repair group Transerv Australia has
appointed administrators Ferrier Hodgson, The West Australia
reports.

The administration came two years after the company was listed
in a demerger that also spawned junior explorer Sundance
Resources.

Transerv's decision followed a review of the firm's operations
and assessment of financial opportunities by a new board
appointed just two weeks ago.

The review was commissioned by incoming chairman Graeme Kirke
"representing a major shareholding group" in conjunction with
Perth turnaround specialists Ascent Capital.

Transerv was floated in March 2004 in a demerger of the former
St. Francis Group to house its Bluefire truck and fleet
maintenance businesses, while Sundance was spun-off to hold the
group's exploration assets.

The company has incurred losses of AU$800,000 in 2003-04 and
AU$1.6 million last financial year.

A controversial acquisition fell through September last year
followed by the resignation of founding Chairman Kim Gardner
last month.

CONTACT:

TRANSERV AUSTRALIA LIMITED
45 Ventnor Ave,
WEST PERTH , AUSTRALIA, 6005  
Telephone: 08 9389 4482  
Fax: 08 9389 4400  
Web site: http://www.transerv.com.au


WATTYL LIMITED: Allco Wants Boss to Stay
----------------------------------------
Allco Equity Partners is looking to keep Wattyl Limited Chief
Executive John Nolan if it succeeds in its hostile takeover bid
for the ailing paint maker, according to the Sydney Morning
Herald.

Allco Managing Director Peter Yates has reportedly been
satisfied with Mr. Nolan's performance since he was appointed a
year ago.

Mr. Nolan said he would consider staying on as chief executive
if Allco were successful in its bid. His employment contract was
due to expire ion April this year but in October the board of
Wattyl extended his contract indefinitely.

On Friday, Allco sent its bidder's statement outlining the
details of its AU$3.25-a-share offer for Wattyl's 9,700
shareholders. The deadline for the offer is February 6.

Wattyl sent a letter to shareholders advising them not to accept
the offer. Mr. Nolan said shareholders were yet to realize the
gains of all the hard work done over the year to turn the
company around.

Allco's bidder's statement, on the other hand, warns
shareholders Wattyl may not be able to sustain its level of
dividends and there are no offers from other bidders.

CONTACT:

Wattyl Limited
Level 1
68 Waterloo Road
North Ryde NSW 2113
Phone: +61 2 9813 3333
Fax: +61 2 9813 3311


WESTPOINT GROUP: Trouble Brews in Market St.
--------------------------------------------
Another company in the Westpoint was placed in receivership, The
Age has learned.

One of the ailing group's main financiers had appointed
receivers to its AU$85 million hotel development at 60 Market
Street, Melbourne.

Perpetual Trustees has appointed Deloitte Touche Tohmatsu as
receiver for the Market Street project, in a bid to safeguard
the lease agreement with hotel operator Pacific International.
The lease could be jeopardized by further delays to the
redevelopment.

Perpetual Trustees has invested about AU$55 million in Market
Street and has a AU$62 million exposure to Westpoint's Bayshore
project, which is in the hands of receivers following the
appointment of insolvency accountants KordaMentha by second-
ranking financiers Bridgecorp Finance and HFL Australia Pty Ltd.

Receivers had already been appointed to Westpoint's Bayshore
project as the Australian Securities and Investments Commission
and the Australian Taxation Office, along with at least 4000
investors caught in Westpoint's AU$300 million mezzanine
financing web, fight to get some return out of the struggling
group.

Deloitte's appointment to the Market Street development is
likely to result in multimillion-dollar losses for more than 600
investors who have put AU$40 million into the mezzanine finance
scheme for the project. Evidence is emerging that the 400
mezzanine investors in Bayshore are unlikely to get any return
on their AU$35.8 million investment.

Westpoint's creditors are taking action to protect their
investments following ASIC's scrutiny of Westpoint's
controversial mezzanine financing schemes, which resulted in
winding-up orders for two of the biggest schemes, York Street
Mezzanine and Ann Street Mezzanine.

ASIC and the ATO are now pushing to wind up Westpoint's parent
company, Westpoint Corporation, which the corporate watchdog
claims sits at the heart of the mezzanine financing companies.
Six, including Market Street Mezzanine, are in administration.

Deloitte partner David Lombe said the appointment was only over
the Market Street Property, which is owned by Westpoint
Management.


WISER SOFTWARE: Members, Creditors to Receive Wind Up Report
------------------------------------------------------------
Notice is given that a final meeting of the members and
creditors of Wiser Software Pty Limited will be held on Jan. 20,
2006, 11:30 a.m. at the offices of CJL Partners, Level 3, 180
Flinders Lane, Melbourne 3000, for the following purposes:

AGENDA

To receive the Liquidator's account on his acts and dealings and
on the conduct of the Company's winding up.

Dated this 12th day of December 2005

Richard J. Cauchi
Liquidator
CJL Partners
Level 3, 180 Flinders Lane
Melbourne Vic 3000
Phone: 9639 4779
Fax:   9639 4773


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

ALBERTO-CULVER LIMITED: Liquidator to Face Creditors, Members
-------------------------------------------------------------
Notice is hereby given, that the annual meetings of creditors
and members of Alberto-Culver (Hong Kong) Limited (In Creditors'
Voluntary Liquidation) will be held concurrently at the offices
of Ferrier Hodgson Limited, 14th Floor, Hong Kong Club Building,
3A Chater Road, Central, Hong Kong on January 17, 2006 at 11:00
a.m. for the purposes of having an account laid before the
meeting detailing the Joint and Several Liquidator's acts and
dealing and the conduct of the winding-up during the preceding
year, and of hearing any explanations that may be given by the
Liquidators.

Form of proxy can be obtained from the offices of Ferrier
Hodgson Limited, 14th Floor, Hong Kong Club Building, 3A Chater
Road, Central, Hong Kong.

Proxies to be used at the meetings must be lodged at the offices
of Ferrier Hodgson Limited not later than 4:00 pm on the day
before the meeting.

Dated this 6th day of January 2006

DESMOND CHIONG
Joint and Several Liquidator


BANK OF CHINA: Wins Key Approval for HK IPO
-------------------------------------------
The Bank of China has secured key approval from the State
Council to launch a HK$60 billion (US$7.7 billion) Hong Kong
initial public offering in the first half of 2006, China Daily
reports.

The listing plan awaited a final approval from the China
Securities Regulatory Commission.

The Chinese lender may file a preliminary listing application
with the Hong Kong Stock Exchange as soon as this week.

The offering would value the bank at CNY400 billion (US$49.6
billion), the paper said.

CONTACT:

Bank of China
1 Fuxingmen Nei Dajie
Beijing, 100818, China
Phone: +86-10-6659-6688
Fax: +86-10-6601-4024
Web site: http://www.bank-of-china.com


FIRST DRAGONCOM: Winding Up Petition Dismissed
----------------------------------------------
On December 29, 2005, Tsun & Partners (the Petitioner) and First
Dragoncom Agro-Strategy Holdings Limited made an application to
the High Court for an order to discontinue and dismiss the
Petition and on December 30, 2005, the High Court had granted
the order to discontinue and dismiss the Petition.

The Company has been informed by Concord Strategic Investments
Limited that on December 5, 2005, it transferred its entire
holding of the Transfer Shares, representing approximately
20.95% of the entire issued share capital of the Company to
Chinabond International Investment Limited, a fellow subsidiary
that is wholly-owned by Concord Group (B.V.I.) Limited.

Upon the transfer of the Transfer Shares, Chinabond will become
the registered owner of the Transfer Shares and a substantial
shareholder of the Company and Concord Group and its ultimate
beneficial owners will remain the ultimate beneficial owner of
the Transfer Shares.

SHAREHOLDER's ADVANCE

Since November 2005, Concord Strategic had advanced
Shareholder's Loan in the aggregate sum of approximately HK$1.92
million to the Company for its operational expenses up to date
of the Transfer. The Company was notified that the Loan was
assigned to Chinabond.

Subsequently, Chinabond has undertaken to give further interest-
free advances to the Company for its continuing operations.

CHANGES TO THE BOARD

The Board announces that with effect from 15 December 2005 Mr.
Shen has resigned as an executive director of the Company and
that with effect from 30 December 2005, Mr. Lau and Mr. Ho have
resigned as executive directors of the Company, due to personal
reasons.

The Board also announces that with effect from 30 December 2005,
Mr. Gong was appointed as an executive director of the Company.

DELISTING PROCEDURES

On December 6, 2005, the Company was informed that the Company
has been put into the first stage of delisting procedures by the
Stock Exchange.

SUSPENSION OF TRADING

At the request of the Company, trading in the Company's
securities has been suspended from 9:30 a.m. on 28 April 2005
and will remain suspended until further notice.

For a copy of the press release, go to
http://bankrupt.com/misc/tcrap_firstdragoncom010906.pdf

CONTACT:

First Dragoncom Agro-Strategy Holdings Limited
Unit 2303, 23rd Floor
Far East Finance Centre
16 Harcourt Road, Admiralty
Hong Kong, Country  
Hong Kong
Telephone: (852) 2526 5338
Fax: (852) 2536 9223


GENCROSS INTERNATIONAL: Court Issues Winding Up Order
-----------------------------------------------------
Gencross International Limited has received a notice of winding
up order in the High Court of the Hong Kong Special
Administrative Region Court of First Instance on December 21,
2005.

The company's registered office is Rm 15 7th Floor Goldfield
Industrial Centre 1 Sui Wo Road, Fotan Shatin, New Territories.

Date of Presentation of Petition: September 8, 2005

E T O'CONNELL
Official Receiver


JOVELL INCORPORATION: Liquidation Process Initiated
---------------------------------------------------
Jovell Incorporation Ltd. has received a notice of winding up
order in the High Court of the Hong Kong Special Administrative
Region Court of First Instance on December 21, 2005.

The company's registered office is Sea Meadow House Blackburne
Highway P.O. Box 116 Road Town Tortola British Virgin Islands.

Date of Presentation of Petition: October 26, 2005

E T O'CONNELL
Official Receiver


NEW CONCEPT: Receives Bankruptcy Order
--------------------------------------
Kwan Kin Yu trading as New Concept Electronic Engineering Co.
issued a notice is hereby given that bankruptcy order against
the company were made on December 28, 2006.

All debts due to the estates should be paid to me.

Dated this 6th of January 2006

ET O'Connell
Official Receiver


NEWFOUND ASSETS: John Greenwood Named Liquidator
------------------------------------------------
Notice is hereby given, that pursuant to section 162(1) of the
Insolvency Act, John J. Greenwood was appointed Liquidator of
Newfound Assets Limited, a British Virgin Islands Corporation,
by Order of the High Court of Justice dated December 19, 2005.

Enquiries should be directed to John J. Greenwood of Baker Tilly
(BVI) Limited of P. O. Box 650, Tropic Isle Building, Road Town,
Tortola, British Virgin Islands or telephone +1 (284) 494 5800.

Dated this 19th day of December 2005

John J. Greenwood
Liquidator


KOCH ASPHALT: Appoints Provisional Liquidators
----------------------------------------------
Koch Asphalt Products (Hong Kong) Company Limited issued a
notice of appointment of provisional liquidators in the High
Court of the Hong Kong Special Administrative Region Court of
First Instance.

Registered Office: 9/F Gloucester Tower The Landmark 11 Pedder
Street Central Hong Kong.

Joint & Several Provisional Liquidators' Names: Messrs Cosimo
Borrelli and Kelvin Flynn both of Alvarez & Marsal Asia Limited

Provisional Liquidators' Address: 5/F, Allied Kajima Building,
138 Gloucester
Road, Wanchai, Hong Kong

Date of Appointment: December 16, 2005

Dated this 6th day of January 2006

E T O'CONNELL
Official Receiver


KSM LIMITED: Court Issues Winding Up Notice
-------------------------------------------
KSM Limited has received a notice of winding up order in the
High Court of the Hong Kong Special Administrative Region Court
of First Instance on December 21, 2005.

The company's registered office is Unit A 22nd Floor Prince
Industrial Building No. 706 Prince Edward Road East Kowloon.

Date of Presentation of Petition: October 25, 2005

E T O'CONNELL
Official Receiver


LANFIELD MARBLE: Prepares to Shut Down Operations
-------------------------------------------------
Lanfield Marble Company Limited has received a notice of winding
up order in the High Court of the Hong Kong Special
Administrative Region Court of First Instance on December 21,
2005.

The company's registered office is G/F Block 8 Greenwood Gardens
Tai Tong Tsuen 402 Kiu Hing Road Yuen Long New Territories.

Date of Presentation of Petition: October 26, 2005

E T O'CONNELL
Official Receiver


MAY SHING: Court Favors Liquidation
-----------------------------------
May Shing Company Limited has received a notice of winding up
order in the High Court of the Hong Kong Special Administrative
Region Court of First Instance on December 21, 2005.

The company's registered office is Unit 2401 A 24/F Park-In
Commercial Ctr No. 56 Dundas Street Mongkok Kowloon.

Date of Presentation of Petition: October 26, 2005

E T O'CONNELL
Official Receiver


QPL INTERNATIONAL: Notes Unusual Price, Volume Movements
--------------------------------------------------------
The Stock Exchange of Hong Kong has received a message from QPL
International Holdings Limited, which is reproduced as follows:

"This statement is made at the request of The Stock Exchange of
Hong Kong Limited.

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

The company also confirm that there are no negotiations or
agreements relating to intended acquisitions or realizations
which are discloseable under rule 13.23 of the Listing Rules,
neither is the Board aware of any matter discloseable under the
general obligation imposed by rule 13.09 of the Listing Rules,
which is or may be of a price sensitive nature.

Made by the order of the Board of QPL International Holdings
Limited, the directors of which individually and jointly accept
responsibility for the accuracy of this statement.

As at the date of this announcement, the board of directors of
the Company comprises Li Tung Lok (Chairman and Executive
Director), Kwan Kit Tong, Kevin (Executive Director), Robert
Charles Nicholson (Independent Non-executive Director), Sze Tsai
To, Robert (Independent Non-executive Director) and Wong Chun
Bong, Alex (Independent Non-executive Director)."

Li Tung Lok
Director
QPL International Holdings Limited
6 January 2006


WEON LIMITED: Enters Winding Up Process
---------------------------------------
Weon Limited has received a notice of winding up order in the
High Court of the Hong Kong Special Administrative Region Court
of First Instance on December 21, 2005.

The company's registered office is Unit A 22nd Floor Prince
Industrial Building No. 706 Prince Edward Road East Kowloon.

Date of Presentation of Petition: October 25, 2005

E T O'CONNELL
Official Receiver


WING KEE: Court Declares Firm Bankrupt
--------------------------------------
Cheng Man Ngok trading as Wing Kee Construction Engineering Co.
issued a notice is hereby given that bankruptcy order against
the company were made on December 28, 2005.

All debts due to the estates should be paid to me.

Dated this 6th of January 2006

ET O'Connell
Official Receiver



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

DIGITAL MULTIFORMS: Signs Agreement with NCR Corporation
--------------------------------------------------------
Digital Multiforms Ltd announced that the Company has signed a
long term Agreement for production of ATM Thermal Receipt Rolls
with NCR Corporation.

CONTACT:

Digital Multiforms Ltd
60/1, Village Palodia, Taluka-Kalol
Mehsana
Gujarat  


GANESH BANK: Government Issues Order of Moratorium
--------------------------------------------------
On an application of the Reserve Bank of India, the Central
Government has issued an Order of Moratorium in respect of the
Ganesh Bank of Kurundwad Ltd Registered Office: Kurundwad,
Kurundwad -416 106, Kolhapur (District), Maharashtra.

The Order of Moratorium has been passed by the Central
Government in the public interest, in the interest of depositors
and the banking system.

The moratorium will be effective from the close of business on
Saturday January 7, 2006 up to and inclusive of April 6, 2006 or
an earlier date if alternate arrangements are put in place.
During this period, Reserve Bank of India will consider the
various options, including amalgamation of Ganesh Bank of
Kurundwad Ltd with any other bank and finalize the plans in
public interest and with a view to protecting public deposits.

During the period of Moratorium, the bank will be permitted to
make only those payments that have been specified in the Order
of Moratorium and the depositors of Ganesh Bank of Kurundwad Ltd
will be permitted to withdraw the balances from their savings
bank account or current account or any other deposit account
through any of the branches of the bank subject to a ceiling of
INR5000/- (INR Five thousand only). The customers can withdraw
up to the limit specified at any of the branches.

Established in 1920, Ganesh Bank of Kurundwad Ltd., has its
headquarters at Kurundwad, Maharashtra. Members of one family
are the major shareholders of the bank holding over 30% of the
total shares The bank has a network of 32 branches and its
operations are mainly concentrated in Sangli and Kolhapur
districts of Maharashatra and Belgaum district of Karnataka. As
on March 31, 2005 the head office and 17 branches are
computerised but have no inter-connectivity.

As on March 31, 2005, the bank's deposits were at INR217.43
crore and advances were INR105.73 crore. Its gross non
performing assets were 18.04% while net NPA were 8.32%. The
bank's networth had turned negative to (-) INR3.05 crore,
thereby making its Capital to Risk Adjusted Ratio (CRAR)
negative at (-) 5.83% as on March 31, 2005. This resulted in
erosion of depositors' money. The bank was also unable to come
up with any credible plan to raise fresh capital.

CONTACT:

The Ganesh Bank of Kurundwad Ltd.
Laxmi Road, Near Jain Basti
Taluka Shirol
Kurundwad
Kohlapur- 416 106
Phone: 02322- 44213

Reserve Bank of India
Central Office, Post Box 406
Mumbai 400001
Phone: 2266 0502
Fax: 2266 0358, 2270 3279
E-mail: helpprd@rbi.org.in
Web site: http://www.rbi.org.in


HMT LIMITED: Board Meets to Consider Q3 Results
-----------------------------------------------
HMT Ltd advised that a meeting of the Board of Directors of the
Company will be held on January 16, 2006, to consider and take
on record the Unaudited Financial Results (Provisional) of the
Company for the quarter ended December 31, 2005 (Q3), along with
the "Limited Review" by the Auditors.

CONTACT:

HMT Limited
HMT Bhavan, 59, Bellary Road,
Bangalore 560032  
Karnataka  
Phone: 23330333     
Fax: 23339111   


STERLING HOLIDAY: Unveils Outcome of Board Meeting
--------------------------------------------------
Sterling Holiday Resorts (India) Ltd has informed Bombay Stock
Exchange (BSE) that the Board of Directors of the Company at its
meeting held on January 06, 2006, inter alia, has approved the
allotment of Equity Shares consequent to the conversion of
warrants as detailed below:

1. 9,04,392 equity shares of INR10/- each, for cash, at a
premium of INR33/- per share to M/s Infopile India Pvt Ltd
against conversion of 9,04,392 warrants of INR43/- per warrants
(including premium of INR33/-) held by them.

2. 10,00,000 equity shares of INR10/- each, for cash, at a
premium of INR33/- per share to M/s Principal Capital Markets
Ltd against conversion of 10,00,000 warrants of INR43/- per
warrants (including premium of INR33/-) held by them.

CONTACT:

Sterling Holiday Resorts (India) Ltd
25, 1st Main Road, United India Colony, Kodambakkam
Chennai 600024  
Tamil Nadu  
Phone: 24816662 24816663 24816664 24816665 / 66  
Fax: 24816664 24816913  


STERLING HOLIDAY: Board to Consider Issue of FCCBs
--------------------------------------------------
Sterling Holiday Resorts (India) Ltd advised that a meeting of
the Board of Directors of the Company will be held on January
13, 2006, to consider the following purposes:

1. Allotment of Equity Shares arising out of conversion of
Warrants issued on a preferential basis.

2. Issue of Foreign Currency Convertible Bonds (FCCBs).


STERLING HOLIDAY: Welcomes Additional Director
----------------------------------------------
Sterling Holiday Resorts (India) Ltd announced that the Board of
Directors of the Company at its meeting held on January 06,
2006, has appointed Mrs. Niharika Handa as an Additional
Director (Non-Executive Director) of the Company.


ZENOTECH LABORATORIES: Shareholders OK Scheme of Amalgamation
-------------------------------------------------------------
Zenotech Laboratories Ltd announced that the shareholders at the
Extra Ordinary General Meeting (EGM) of the Company held on
January 07, 2006, have approved pursuant to Section 391 and 394
and other applicable provisions, if any, of the Companies Act,
1956, the Scheme of Amalgamation of M/s. Credence
Pharmaceuticals Ltd and M/s. Hemarus Healthcare Pvt Ltd with the
Company, in terms of the Scheme laid before the meeting duly
initialed by the Chairman of the meeting for the purpose of
identification subject to such alterations and modifications
thereof, if any, as may be directed by the Honorable High Court
of Andhra Pradesh.

CONTACT:

Zenotech Laboratories Ltd
8-3-677/15, SKD Nagar, Sreenagar Colony
Hyderabad 500073  
Andhra Pradesh  
Phone: 23754463 23757507    
Fax: 23756322   


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

GARUDA INDONESIA: Attracts Investor Interest
--------------------------------------------
Troubled state carrier PT Garuda Indonesia has attracted the
interest of three major airlines after the government announced
its plans to sell a 49% stake in the Company, reports the
Jakarta Post.

According to the Secretary to the Minister of State Enterprises,
Muhammad Said Didu, several airlines such as KLM Royal Dutch
Airlines, Lufthansa and Thai Airways had called to express their
interest in forming a strategic alliance with Garuda Indonesia,
though no official reuqests have been made.

Secretary Didu said that the government is still considering the
best way to resolve the Company's debt problems, such as
injecting funds, seeking strategic investors or selling off a
stake in the Company; but it considers major airlines as a top
priority since they could not only settle Garuda's debts but
also expand the Company's fleet as well. Financial institutions
are also welcome to offer for a stake in the Company, though not
a priority.

Due to its huge market share, Garuda Indonesia is an attractive
investment despite its financial problems. The carrier
transports up to 200,000 pilgrims to Saudia Arabia on an annual
basis.

The Company is seeking a IDR1.01 trillion bridging loan from the
government, in order to repay its debt and increase working
capital.

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


KIANI KERTAS: Creditor Bank Rejects Takeover Proposal
-----------------------------------------------------
Indonesian lender PT Bank Mandiri rejected the proposal of
United Fiber System Limited (UFS) to acquire troubled Indonesian
pulp paper mill PT Kiani Kertas, the Shanghai Daily reports.

According to the bank, the takeover proposal of UFS did not meet
its criteria. This decision paves the way for Indonesian
billionaire Putera Sampoerna to offer for the Company.

The acquisition proposal of UFS was worth IDR5.74 trillion,
alhtough bidding was not officially over, according to UFS CEO
Kishore Dass.

Bank Mandiri is the largest creditor fo PT Kiani Kertas.

Last December, Kingsclere Finance Limited signed a conditional
agreement to acquire the Company from its shareholders. UFS had
never officially bid for the Company directly to Bank Mandiri;
it dealt with Kingsclere, with which it gave a letter of intent
to bu the paper mill.

UFS had paid IDR210.62 billion to Kiani Kertas to help maintain
normal operations and pay interest on its debt, as part of an
earlier agreement in order to keep the Company running.

CONTACT:

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


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

ALL NIPPON: To Retire Last Boeing 747SR March 10
------------------------------------------------
All Nippon Airways (ANA) will retire its last Boeing 747SR-100
on March 10 this year after final flight from the southern city
of Kagoshima to Tokyo's Haneda Airport, JCN Newswire reports.

Entering into service in 1979, and known affectionately as the
'Super Jumbo', ANA's 747SR was the world's first aircraft to
carry five hundred people in an all economy configuration.

ANA's first 747SR took to the skies on January 25, 1979, from
Tokyo Haneda on trunk routes linking the capital to Sapporo in
northern Japan and Fukuoka in the south. It became the symbol of
the mass transportation age, plying the domestic skies of Japan
for 27 years.

At its peak in 1989, ANA's Super Jumbo fleet was comprised of 23
aircraft - at the time approximately 22% of the entire fleet of
105 - however as changes in the aviation market occurred it was
decided to retire the 747SR fleet in line with ANA's fleet
rationalisation plan, concentrating on one aircraft type in each
of the large, medium and small categories.

To celebrate the end of 27 years of faithful service, a ceremony
will be held at Haneda Airport on Friday, March 10. A special
'Sayonara Super Jumbo' hotel and flight package will go on sale
on January 30 via ANA's tour operator arm, ANA Sales.

CONTACT:

All Nippon Airways Co. Ltd.
Shiodome City Center
1-5-2 Higashi-Shimbashi
Minato-ku
Tokyo 105-7133, Japan  
Phone: +81-3-6735-1000
Fax: +81-3-6735-1005


HITACHI LIMITED: Aims to Raise Profitability Beyond 5%
------------------------------------------------------
Hitachi Limited plans to raise its operating profit to 5 percent
through revitalizing slumping operations, Jiji Press reports,
citing Mr. Kazuo Furukawa.

Mr. Furukawa, who will become President in April, predicted that
turnarounds in Hitachi's three sluggish operations--flat-panel
televisions, displays and hard disk drives--will be in sight by
the second half of this year.

CONTACT:

Hitachi Limited
4-6, Kanda-Surugadai, Chiyoda-ku
Tokyo 101-8010, Japan  
Phone: +81-3-3258-1111
Fax: +81-3-3258-2375


MITSUBISHI MOTORS: To Issue JPY30 Bln in Preferred Stock
--------------------------------------------------------
Mitsubishi Motors Corporation (MMC) has decided to issue JPY30
billion in preferred shares to Mitsubishi Corporation this month
to increase capital and raise funds for new car development and
future investment, AFX News reports.

The carmaker is expected to decide officially next week to issue
preferred stock to Mitsubishi and transfer them late this month.
The conversion price to common stock will be determined by
taking into account Mitsubishi Motors' current share price.

The share issuance is part of its business rehabilitation
scheme, under which it issued a total of JPY274 billion in
common and preferred stock in March to Mitsubishi Heavy
Industries Ltd.

CONTACT:

Mitsubishi Motors Corporation Company
2-16-4 Konan, Minato-ku
Tokyo 108-8410, Japan  
Phone: +81-3-6719-2111
Fax: +81-3-6719-0059


SANYO ELECTRIC: Survey Says Brand is Worst Around the World
-----------------------------------------------------------
A recent international consumer survey measuring the health of
some of the world's most famous consumer electronics brands
reveals that Sony is the most popular brand, while Sanyo is the
least popular across all ages, genders and income levels in 18
countries around the world.

In November 2005, the Stewart-Allen/GMI BrandBarometer
(www.brandbarometer.com), co-created by international marketing
expert Allyson Stewart-Allen, director of International
Marketing Partners Ltd., and GMI, provider of integrated
solutions for global market intelligence, surveyed 17,502 highly
profiled consumers worldwide about 15 leading international
consumer electronics brands.

These brands include Apple, Canon, Casio, Dell, Hitachi,
Hewlett-Packard, Microsoft, Nokia, Panasonic, Philips, Pioneer,
Sanyo, Sharp, Sony and Toshiba. Consumers were asked about their
perceptions and experiences of these brands, levels of trust,
overall quality and perceived country of origin.

These results come as the 2006 International Consumer
Electronics Show opens its doors this week in Las Vegas, USA.
The event producer CEA (Consumer Electronics Association) has
announced its latest industry growth projections at the event.
Their recent studies indicate total U.S. factory sales of
consumer electronics goods will grow to US$158.4 billion by
2008, a rise of 65% since the year 2000. The preliminary outlook
for 2006 alone for total industry sales is $135.4 billion, up
eight percent on the previous year.

When asked to associate values with a particular brand,
BrandBarometer respondents perceived Sony as `luxurious', Nokia
as `innovative', `friendly' and `engaging' while Apple was voted
the most `individualistic' and `exclusive,' and Microsoft as
`powerful' and the most `American' brand. Sony also scored well
in other areas: respondents see the brand as being
`international', `trustworthy' and a `luxury' brand. Nokia
scored highly for being `customer-focused', for `listening' to
its customers and for being the most `responsive' and
`empathetic.' Sony and Nokia were also seen as the two most
reliable brands out of the 15 studied.

When it comes to investing in brand recall and intentional
associations, large consumer electronics companies clearly
dedicate generous marketing and advertising budgets to achieve
these[1]:

Microsoft spent $260 million on US measured media during the
first 10 months of 2004 (Adweek, January 25, 2005)
Sony's Electronics Division spent $150 million on U.S.
advertising in 2004 (Adweek, September 14, 2005)
Apple spent more than $100 million on US advertising in 2003,
and about $90 million between January and October 2004, $70
million of which on iPod ads alone (MediaWeek, January 13, 2005)
Panasonic spent about $60 million in U.S. media last year
(Adweek, December 02, 2005)

However, the BrandBarometer did find some dark clouds on the
horizon for some of the other consumer electronics brands. Sanyo
appears to have a serious image problem and is regarded as the
most `stagnant', `dull', `insignificant' and `weak' of all of
the brands in the study.

According to the survey, the power of consumer electronics
brands appears to be wavering in Western markets where branding
is most sophisticated. When asked how important a brand name is
when buying such products, consumers in Mexico, China and Brazil
rated it as either important (6 out of 7) or very important (7
out of 7). By contrast, consumers in such countries as the UK,
Germany and Denmark ranked brand names as much less important (4
out of 7).

"We know from our previous BrandBarometer studies and the
behaviour of various markets that brands take on significant
symbolism in emerging economies as they represent aspirational
purchases - a communication of status and more upmarket
lifestyle," explains Stewart-Allen.

The survey also provided interesting findings as to where the
technology giants were headquartered. Nokia's Finnish and
Philips' Dutch origins were often misidentified by survey
respondents as Japanese and American respectively.

Stewart-Allen adds: "Some of the most recognisable brands in the
world relate to consumer electronics. Yet, the most important
for these companies is to make sure they get noticed in the
right markets. The BrandBarometer finds the latent power of
branding in the fastest-growing consumer markets of Mexico,
Brazil, India and Russia. There is a huge opportunity here, and
consumer electronics companies need to localise their marketing
for their brands to have the greatest impact at a regional
level, while focusing on some degree of consistency in the ways
the brand is experienced and communicated worldwide."

"The appeal of some runaway brand leaders such as Nokia is based
on consistently managing the experience of the brand. What is
striking about this BrandBarometer is that some of the world's
best-known names are adrift and losing appeal despite their
heavy investments in marketing," comments Stewart-Allen.

[1] media-tracking service Nielsen Monitor-Plus

About the Stewart-Allen/GMI BrandBarometerT
Allyson Stewart-Allen - the world's leading authority on
international marketing - recognised the need for international
brands to better align their global and local marketing
practices. Working with GMI (Global Market Insite, Inc.), which
offers one of the world's largest online international consumer
panels, she devised the BrandBarometer. A worldwide panel of
17,502 consumers - representative of age, gender and, where
applicable, geographical region, ethnicity and race - is
surveyed quarterly on their perceptions and direct experiences
of the world's most recognised brands in four key industry
sectors.

To download the full Consumer Electronics BrandBarometer report,
please visit www.brandbarometer.com or contact GMI directly at
info@gmi-mr.com.

About Allyson Stewart-Allen

Allyson Stewart-Allen is recognised as the world's leading
authority on trans-Atlantic business, international marketing
and working across business cultures. As founder of
International Marketing Partners, Allyson Stewart-Allen advises
a number of national government agencies and Fortune 100
companies. An American based in London and Los Angeles, Allyson
is a member of the Advisory Board of the New York-based
organisation Business for Diplomatic Action (BDA), and a
recently selected judge for the UK's 2005 International Business
Awards. Co-author of the first book on U.S. business (Working
with Americans, c Prentice Hall), Allyson Stewart-Allen is a
regular contributor to the international business media,
including CNN, BBC, USA Today, Newsweek, Business Week, Les
Echos, Bloomberg, Financial Times, Sky News, Wall Street
Journal, Marketing Magazine as well as major daily newspapers.

About GMI

GMI (Global Market Insite, Inc.) is the only company that
provides comprehensive integrated solutions for global market
intelligence for both market research firms and corporate market
research departments at Global 2000 companies. Solutions include
Net-MR, a suite of software tools to manage and automate
research throughout the project lifecycle, desktop analysis
tools, 24/7 service bureau capabilities, and one of the world's
largest, highly profiled, double opt-in managed panels, spanning
across 200 countries. In addition, GMI offers high-value, real-
time enterprise feedback solutions for customer, partner and
employee programs. Founded in 1999 with world headquarters in
Seattle, Wash., GMI has operations on five continents. More
information is available at www.gmi-mr.com.

CONTACT:

Sebastian Townsend/Helen Ablett/ Daniel Couzens
GBC
E-mail: sebastiant@gbc.co.uk  
        helena@gbc.co.uk
        danielc@gbc.co.uk  
Phone: +44 0208 322 1922 / 07971 593907


* 147 Companies Receive Debt Forgiveness in Japan
-------------------------------------------------
One hundred and forty seven companies received debt forgiveness
in the first nine months of 2005, its second highest in history,
Teikoku Research relates.

The number of companies receiving debt forgiveness has been
increasing. While the "Financial Revitalization Program", aiming
to cut the bad debt in half, is in its final stage in 2005,
large financial institutions aggressively promoted settlements
by utilizing debt forgiveness. In addition, not only the
"Industrial Revitalization Corporation of Japan" and "Resolution
and Collection Corporation" but also "funds" and "servicers"
have been using debt forgiveness much more often for
implementing business turnaround. In addition, as more business
turnarounds are expected to be seen in local regions in the
future, more local financial institutions are likely to use debt
forgiveness for business revitalization. Debt forgiveness has
already become an established scheme of business turnaround and
its demand has been increasing even after the peak of bad debt
settlements.

Teikoku Databank conducted research on companies that received
debt forgiveness, which include surviving companies as well as
companies that had reorganized, dissolved, or merged after the
agreement of debt forgiveness from 1985 to September 30, 2005.

All are principally counted at the time of reaching an agreement
in debt forgiveness.

This is our 13th research effort after the most recent one in
June 2005.

Research Results:

Since 1985, the number of companies that reached agreements in
debt forgiveness was 1,291. In 1994, the self-reduction of
excess debt hit its limit, which created an upward increase in
the number of companies in debt forgiveness. However, since it
set a record-high with 251 cases in 2001, the number has
declined. Then, it soared again in 2004, setting a new record-
high with 253 cases. During the first nine month of 2005, the
number has been rapidly increasing with 147 cases, setting the
second highest record in history.

By pattern: Based on the total number of debt forgiveness cases
from 1985 to Sep 30, 2005, the most common pattern of debt
forgiveness was "Parent Company (Non-Bank) to Group Company"
with 689 cases (53.4%), followed by "Bank to General Company"
with 269 cases (20.8%) and "Bank to Group Company" with 112
(8.7%). In 2005, the number of debt forgiveness cases by "Bank
to General Company" remained high with 67 cases.

By Sector: Based on the total number of debt forgiveness cases
from 1985 to Sep 30, 2005, "Manufacturing" was the top with 214
companies (16.6%) followed by "Service" with 166 (12.9%), "Non-
Bank" and "Wholesale" with 151 (11.7%), "Construction" with 122
(9.5%), "Real Estates/Housing" with 115 (8.9%), "Retail" with
112 (8.7%), and "Third Sector" with 22 (1.7%).

Large sized debt forgiveness was seen in the "Construction"
sector including "Ishihara Construction Co., Ltd" (1995), "Aoki
Corporation" (1999), and "Sato Kogyo Co., Ltd."(1999). In 2005,
large sums of debt forgiveness continues to be seen such as
"Fujita Corporation (98.9 billion yen)" and "Sumitomo Mitsui
Construction Co., Ltd (178,624 million yen)".

In 2005, debt forgiveness and financial support are seen more
often due to the support decision by the "Industrial
Revitalization Corporation of Japan", in a wide range of sectors
including "The Daiei Inc." and "Misawa Homes Holdings Inc.". The
use of debt forgiveness has also increased in local hotels and
inns, which resulted in a large number of debt forgiveness cases
(39 cases) in the "Service" sector, reaching the highest record
in history.


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

LG CARD: Mulls Due Diligence by Month's End
-------------------------------------------
In line with the efforts to fast track the sale of LG Card Co.,
the creditors are planning to conduct due diligence by the end
of January, Asia Pulse relates, citing Yonhap News Agency.

Sojong Partners and Deloitte Inspection Anjin LLC were picked as
the Company's advisors for the sale.  The advisers are planning
to launch the inspection into LG Card by the end of this month,
sources said.

Because the due diligence usually takes up two months to
complete the due diligence, any sale notification will be made
from early March.  The move would delay the planned completion
of the sale in March.

The time spent for receiving bids, picking of preferred bidder
and negotiating with the bidder will be at least three months.

The creditors and Korea Development Bank (KDB) have been pushing
to sell their combined 51 percent stake in the Company.  LG Card
claims 10 million cardholders.

CONTACT:

LG Card Company Limited
Fax: (02) 3420-7002
E-mail: webmaster@card.lg.co.kr
Web site: http://www.lgcard.com


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

AMSTEEL CORPORATION: EGM Slated for Jan. 25
-------------------------------------------
Notice is hereby given that an Extraordinary General Meeting of
Amsteel Corp. Berhad will be held at the Meeting Hall, Level 48,
Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur on
Wednesday, January 25, 2006 at 10:00 a.m. for the purpose of
considering and if thought fit, passing the following ordinary
resolution:

Ordinary Resolution:

Proposed disposal of a piece of freehold land by Lion Plaza Sdn
Berhad to Public Mutual Berhad or its nominees for a total cash
consideration of MYR58,996,876

THAT, subject to the approvals of the relevant authorities and
pursuant to the Conditional Sale and Purchase Agreement dated
November 17, 2005 (SPA) entered into between Lion Plaza Sdn Bhd,
a wholly-owned subsidiary of Akurjaya Sdn Bhd, which is in turn
wholly-owned by Amsteel Corporation Berhad, and Public Mutual
Berhad (Public Mutual), approval be and is hereby given to Lion
Plaza Sdn Bhd to dispose of a piece of freehold land held under
Geran 652, Lot 59, Seksyen 57, Bandar dan Daerah Kuala Lumpur,
Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately
6,540.518 square meters to Public Mutual or its nominees for a
total cash consideration of MYR58,996,876 (Proposed Disposal)
and on terms and conditions of the SPA;

AND THAT the Directors of the Company be and are hereby
authorized to do all such acts and things as may be necessary to
give effect to and complete the Proposed Disposal, with full
power to assent to any conditions, modifications, variations
and/or amendments as may be necessary or required by the
relevant authorities.

By Order of the Board
Chan Poh Lan
Wong Phooi Lin
Secretaries
Kuala Lumpur
6 January 2006

Notes:

(1) A member entitled to attend and vote at the Extraordinary
General Meeting is entitled to appoint a proxy to attend and
vote instead of him. A proxy need not be a member of the
Company. The instrument appointing a proxy shall be in writing
under the hand of the appointor or his attorney duly authorized
in writing or, if such appointor is a corporation, either under
seal or the hand of an officer or attorney duly authorized.

(2) An instrument appointing a proxy executed in Malaysia need
not be witnessed. The signature to an instrument appointing a
proxy executed outside Malaysia shall be attested by a
solicitor, notary public, consul or magistrate.

(3) The instrument of proxy shall be deposited at the Registered
Office of the Company at Level 46, Menara Citibank, 165 Jalan
Ampang, 50450 Kuala Lumpur not less than forty-eight (48) hours
before the time for holding the meeting.

(4) Form of Proxy sent through facsimile transmission shall not
be accepted.

CONTACT:

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


ANTAH HOLDING: Updates Default Status
-------------------------------------
Further to the announcement on December 8, 2005, Antah Holding
Berhad issued to Bursa Malaysia Securities Berhad an update on
the details of the various credit facilities in default to the
financial institutions as at December 31, 2005, details of which
are as per attached.

Click to view details of payment defaulted
http://bankrupt.com/misc/AntahHoldingLoanDefaultedDEC05.xls

This announcement is dated 6 January 2006.

CONTACT:

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


AVANGARDE RESOURCES: Court to Hear Winding Up Case March 9
----------------------------------------------------------
Avangarde Resources Berhad advised Bursa Malaysia Securities
Berhad that on January 6, 2006, the Company's subsidiary
received a winding-up Petition No. D2-28-926-2005 to the Kuala
Lumpur High Court from Ceratrade (M) Sdn. Bhd. for a claim of
MYR53,281.58 together with interest at the rate of eight percent
per annum till November 22, 2005 and still continuing.

The said Petition is fixed for hearing on March 9, 2006 and was
handed to the Company's Solicitor, M/s C.L. Chin & Associates
for further action.

The Company shall defend the said Petition.

CONTACT:

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


BELL & ORDER: Issues, Allots Consideration Shares
-------------------------------------------------
Bell & Order Berhad (B&O) issued to Bursa Malaysia Securities
Berhad an update to the following announcements:

- Rights Issue;

- Acquisitions;

- Mandatory Offer Exemption; and

- Increased in Authorized Share Capital

(hereinafter collectively referred to as the Corporate
Exercises)

Further to the announcement on December 15, 2005, the Board of
Directors of B&O advised that the Consideration Shares have been
issued and allotted in accordance with the terms of the SPA 1
and the SPA 2.

This announcement is dated 6 January 2006.

CONTACT:

Bell & Order Berhad
28 & 30 Jalan Pjs 11/14
Bandar Sunway
Petaling Jaya 46150
Malaysia
Phone: 03 - 56336966
Fax: 03 - 56345081


COMPUGATES HOLDINGS: Issues Restructuring Scheme Update
-------------------------------------------------------
Compugates Holdings Berhad (CHB) furnished Bursa Malaysia
Securities Berhad an update to the following announcements:

- Acquisition;

- Exemption;

- Scheme of Arrangement with Creditors;

- Scheme of Arrangement with Shareholders;

- Restricted Issue;

- Listing Transfer; and

- Disposal/Liquidation

(collectively, the Restructuring Scheme)

The company refers to Pan Pacific Asia Berhad's (PPAB)
announcement dated August 3, 2005 in relation to the
Restructuring Scheme.

As part of the Restructuring Scheme, the entire issued and paid-
up share capital of PPAB will be transferred to a special
purpose vehicle, Pacific Stage Sdn Bhd (PSSB), to facilitate the
disposal, winding-up and/or liquidation of PPAB and its
subsidiaries (Disposal/Liquidation).

On behalf of CHB, Avenue Securities Sdn Bhd advised that the
Company's solicitors had via its letter dated January 4, 2006
confirmed that the Disposal/Liquidation was completed in
accordance with the terms of the share purchase agreement dated
August 3, 2005 between PSSB and CHB.

This announcement is dated 5 January 2006.


GULA PERAK: New Shares Set for Listing, Quotation
-------------------------------------------------
Gula Perak Berhad advised that its additional 131 new ordinary
shares of MYR1.00 each arising from the exercise of 131 Warrants
A 2001/200 will be granted listing and quotation by Bursa
Malaysia Securities Berhad with effect from 9:00 a.m., Thursday,
January 12, 2006.

CONTACT:

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


ICAPITAL.BIZ BERHAD: Books MYR1,176,000 Net Loss in 2Q/FY05          
-----------------------------------------------------------
icapital.biz Berhad submitted to Bursa Malaysia Securities
Berhad a copy of its Second Quarter financial report for the
financial period ended November 30, 2005.

Summary of Key Financial Information
November 30, 2005
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  
    30/11/2005    30/11/2004      30/11/2005     30/11/2004
    MYR'000       MYR'000     MYR'000        MYR'000    

(1) Revenue  

    1,225         0               1,225          0

(2) Profit/(loss) before tax  

    -1,176        0               -1,388         0

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

    -1,176        0               -1,388         0

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

    -1,176        0               -1,388         0

(5) Basic earnings/(loss) per shares (sen)  
    
    -3.58        0.00             -4.22          0.00

(6) Dividend per share (sen)  

    0.00         0.00              0.00          0.00

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

(7) Net tangible assets per share (MYR)  

      0.9900                    -69,350.0000

To view a full copy of the financial statement, click
http://bankrupt.com/misc/icapital2ndquarter010605.pdf


KEMAYAN CORPORATION: No Losses Incurred on Unit's Winding Up
------------------------------------------------------------
The Board of Directors of Kemayan Corporation Berhad advised
Bursa Malaysia Securities Berhad that the following additional
information in respect of the winding up Order on its wholly
owned subsidiary, Kemayan Buildmaster Sdn Bhd (KBSB) are as
follows:

(1) The circumstances leading to the winding up order.

The circumstances leading to the winding up Order is due to the
claims by Kerajaan Malaysia of Tingkat 16 Kanan, Blok 8A,
Kompleks Bangunan Kerajaan, Jalan Duta, 50600 Kuala Lumpur in
respect of outstanding taxes for Years of Assessment 1997 to
1999 including penalties and legal costs totaling MYR394,975.54
as at December 17, 2004.

(2) The total cost of investment in Kemayan Buildmaster Sdn Bhd.

The total cost of investment in Kemayan Buildmaster Sdn Bhd is
MYR1,000,000.00.

(3) The expected losses, if any arising from the winding up
order.

As allowance for diminution in value of investment in KBSB
totaling MYR1,000,000.00 had already been made earlier. Hence,
no further losses are expected from the winding up Order.

To view a full copy of the Query Letter, click
http://bankrupt.com/misc/KemayanCorporationBerhad010605.pdf

CONTACT:

Kemayan Corp. Berhad
167, Jln Glasiar
Taman Tasek 80200
Johor Bahru
Johor
Telephone: 07-2362390  
Fax: 07-2365307


MAGNUM CORPORATION: Buys Back Ordinary Shares
---------------------------------------------
Magnum Corporation Berhad furnished Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:
   
Date of buy back from: December 27, 2005

Date of buy back to: December 30, 2005

Total number of shares purchased (units): 1,891,300

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

Maximum price paid for each share purchased (MYR): 1.900

Total amount paid for shares purchased (MYR): 3,604,056.10

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

Number of shares purchased retained in treasury (units):
1,891,300

Total number of shares retained in treasury (units): 90,794,600

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

Total issued capital as diminished:  

Date lodged with registrar of companies: January 6, 2005

Lodged by: Ms Gan Cheong Ann

CONTACT:

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


MAGNUM CORPORATION: New Shares Up for Listing, Quotation
--------------------------------------------------------
Magnum Corporation Berhad advised that its additional 2,227,000
new ordinary shares of MYR0.50 each issued pursuant to the
Employees' Share Option Scheme will be granted listing and
quotation by Bursa Malaysia Securities Berhad with effect from
9:00 a.m., Wednesday, January 11, 2006.


MALAYSIAN AIRLINES: To Dispose of Local, Overseas Properties
------------------------------------------------------------
Malaysian Airlines System Berhad mulls of selling its local and
overseas properties including its Kuala Lumpur headquarters in
the coming months to raise MYR1.5 billion, reports Dow Jones,
citing an executive close to the Company.

According to the executive, the sale of the MAS building will
push through.  Employees at the MAS building will vacate the 35-
storey office block over the next few months in preparation for
the sale.

Aside from the MAS building, the airline also plans to sell
overseas properties located in prime parts of cities such as
London and Sydney, the executive close to the company said.

"MYR1.5 billion is what they will raise if you take all the
properties around the world," said the executive.

But a Malaysia Airlines spokesman did not comment on the
reported sale.

Malaysian Airlines is currently facing financial difficulties,
and is set to report its third straight quarter of losses in the
three months ended December 31.  The airline attributed the
losses to high fuel and operating costs, and unprofitable
routes.

CONTACT:

Malaysian Airlines System Bhd   
33rd Floor, Bangunan MAS, Jalan Sultan Ismail,
Kuala Lumpur Wilayah Persekutuan 50250
Malaysia
Telephone: 03-21610555,1-300-88-3000   
Fax: 03-21630150


MALAYSIA PACIFIC: Puan Asnah Withdraws Wind Up Petition on Unit
---------------------------------------------------------------
Malaysia Pacific Corporation Berhad (formerly known as Malaysia
Pacific Land Berhad) (MPCB) furnished Bursa Malaysia Securities
Berhad details of the winding-up Petition served on Taman Bandar
Baru Masai Sdn. Bhd. (formerly known as Bandar Baru Masai Sdn.
Bhd.)(TBBM), a wholly owned sub-subsidiary of MPCB

Pursuant to the Company's announcement dated December 27, 2005,
the Company and Puan Asnah bt. Mohd Salleh (Petitioner) have
settled the claim amounts in the following manner:

(1) A settlement has been reached with the Petitioner by the
Company having already paid on behalf of TBBM an amount of
MYR186,455.10 (the Petitioner's claim amount) to the
Petitioner's solicitor as full and final settlement.

(2) The Petitioner's solicitor thereby agreed with the Company's
solicitor to withdraw and dismiss the winding-up petition
against TBBM as soon as practicable.

(3) The Company's solicitor have advised that it is in the
process of filing an application by consent of both parties
whereby an order is to be obtained to permanently stay
proceedings under the winding-up order altogether.

(4) Our solicitor also advised that the effect of which is a
total discontinuation or termination of the winding-up
proceeding.

CONTACT:

Malaysia Pacific Land Sdn Bhd   
2, 50 JLN Penchala Seksyen 51 46050
Petaling Jaya Petaling Jaya Selangor 46050
Malaysia
Telephone: 03 77841169


MAXIS COMMUNICATIONS: Issues Proposal Update
--------------------------------------------
Maxis Communications Berhad (Maxis) furnished Bursa Malaysia
Securities Berhad an update to the following proposals:

(I) Proposed subscription for 63,243,243 new equity shares of
Indian Rupees (Rs) 10 each in Aircel Limited (Aircel), a company
incorporated in India, (Aircel Shares) representing 26 percent
of the enlarged issued and paid-up share capital of Aircel for a
cash consideration of US$280 million (Proposed Subscription);

(II) Proposed establishment of a joint venture company (JVC) in
India with an Indian party (Proposed JV);

(III) Proposed acquisition by Maxis and the JVC of the remaining
180,000,000 Aircel Shares representing 74% of the enlarged
issued and paid-up share capital of Aircel from Aircel
Televentures Limited (AVTL) for a cash consideration of US$800
million (Proposed Acquisition); and

(IV) Proposed put and call option over the 26 percent of the
enlarged issued and paid-up share capital of Aircel (Proposed
Option).

(Collectively, the Proposed Subscription, Proposed JV, Proposed
Acquisition and Proposed Option shall hereinafter be known as
the Proposals)

This announcement is released on behalf of Maxis.

For consistency, the abbreviations used throughout this
announcement shall have the same meaning as previously defined
in the Company's announcements dated December 30, 2005 and  
January 5, 2006 in relation to the Proposals.

Further to the announcements made on December 30, 2005 and
January 5, 2006, the Board of Directors of Maxis advised that
Global Communication Services Holdings Ltd, a wholly owned
subsidiary of Maxis, has completed the Proposed Subscription in
accordance with the terms of the conditional Share Subscription
Agreement dated December 30, 2005 and the SSA Substitution
Agreement dated January 5, 2006.

In addition, the Board of Directors of Maxis advised that Aircel
has, as part of the restructuring of Aircel Group, on December
30, 2005, completed the acquisition from ATVL, 100 percent of
the issued and paid-up share capital of Aircel Cellular Limited
and Dishnet Wireless Limited.

This announcement is dated 6 January 2006.

CONTACT:

Maxis Communications Bhd
Level 18, Menara Maxis
Kuala Lumpur City Centre
Off Jalan Ampang
50088 Kuala Lumpur
Malaysia
Phone: 03-23307000
Fax: 03-2330059


MAXIS COMMUNICATIONS: Parties Agree to Call Off Suit
----------------------------------------------------
Maxis Communications Berhad (Maxis) provided the following
update in relation to the Company's previous disclosures in
connection to the suit commenced by Maxis Sdn Bhd (the
Plaintiff) against the Company and six of its subsidiaries
(collectively the Maxis Group) vide Kuala Lumpur High Court
Civil Suit No: S6-22-728-2002 (the Suit).

Further to the announcement dated October 28, 2005, the parties
have on January 6, 2005 recorded a consent order (the Consent
Order) in the High Court of Kuala Lumpur to finally dispose off
the Suit.

The salient terms of the Consent Order are as follows:

(i) The Consent Order requires the first to fourth Defendants to
the Maxis' counterclaim (without admission of liability on their
part) to refrain from inter alia;

(a) Use of the name Maxis or any other name bearing the word
Maxis

(b) Advertising using the word Maxis and

(c) Filing any trade or service mark application for the mark
Maxis and are also required to remove the word Maxis from all
goods, material or articles not manufactured by the Maxis Group
which are in their possession, custody or control;

(ii) The Suit together with all the counterclaims in relation to
the Suit were withdrawn with no order as to costs.

A letter of undertaking has also been furnished by the fifth
Defendant to the Maxis' counterclaim along the terms of (i)
above.

This announcement is dated 6 January 2006.


MEDIA PRIMA: Bourse to List, Quote New Shares
---------------------------------------------
Media Prima Berhad advised that its additional 72,000 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., Thursday, January 12, 2006.

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


METROPLEX BERHAD: Court Reschedules Hearing
-------------------------------------------
Metroplex Berhad (MB) issued to Bursa Malaysia Securities Berhad
an update to the winding-up petition served on Legend
International Resorts Limited (LIR), a 59.99 percent owned
subsidiary of MB by Morgan Stanley Emerging Markets, Inc.
(MSEMI).

The Company informed the Bourse that the hearing of MSEMI's
winding-up petition against LIR has been adjourned by the High
Court of Hong Kong (the Court) from January 4 and 5, 2006 to a
later date pending the outcome of the hearing of MSEMI's and
LIR's appeals against the Court's dismissal of the following
applications scheduled on February 7 and 8, 2006:

(i) MSEMI's application to appoint a provisional liquidator for
LIR; and

(ii) LIR's application to strike out MSEMI's winding-up
petition.


This announcement is dated 6 January 2006.

CONTACT:

Metroplex Berhad
Level 10, Grand Seasons Avenue,
No. 72, Jalan Pahang,
53000 Kuala Lumpur
Telephone: 03-2931828, 03-4431828
Fax: 03-2912798


OLYMPIA INDUSTRIES: SPA Gets Six-month Extension
------------------------------------------------
Olympia Industries Berhad (OIB) unveiled to Bursa Malaysia
Securities Berhad details of the Restructuring Scheme.  

On behalf of the Board of Directors of OIB, Alliance Merchant
Bank Berhad advised that OIB had on January 6, 2006, entered
into the following agreements:

(a) An agreement to extend the last date for the fulfillment of
the conditions precedent of the conditional restructuring and
acquisition agreement dated March 19, 2003, together with
letters for an extension of time dated September 23, 2003, April
28, 2004, December 23, 2004 and July 7, 2005 between OIB, Ashak
bin Hassan and Hadijah bt Ali Budin (MAR SPA) for a further
period of six (6) months from December 19, 2005 to June 19,
2006, or such later date as the parties may mutually agree.

The MAR SPA was in respect of the proposed acquisition by OIB of
119,100,000 existing ordinary shares of MYR1.00 each in MA
Realty Sdn Bhd (MAR) representing approximately 66.2 percent
equity interest in MAR for a purchase consideration of
MYR79,440,000 to be satisfied by the issuance of 75,657,143 new
ordinary shares of MYR1.00 each in OIB (OIB Shares) at an issue
price of MYR1.05 per OIB Share;

(b) An agreement to extend the last date for the fulfillment of
the conditions precedent of the conditional restructuring and
acquisition agreement dated March 19, 2003, together with
letters for an extension of time dated September 23, 2003, April
28, 2004, December 23, 2004 and July 7, 2005 between OIB, Lim
Kee Seng and Chong Mee Onn (NSB SPA) for a further period of six
(6) months from December 19, 2005 to June 19, 2006, or such
later date as the parties may mutually agree.

The NSB SPA was in respect of the proposed acquisition by OIB of
79,553,000 existing ordinary shares of MYR1.00 each in Naturelle
Sdn Bhd (NSB) representing approximately 37.9 percent equity
interest in NSB for a purchase consideration of MYR41,690,000 to
be satisfied by the issuance of 41,690,000 new OIB Shares at an
issue price of MYR1.00 per OIB Share; and

(c) An agreement to extend the last date for the fulfillment of
the conditions precedent of the conditional restructuring and
acquisition agreement dated March 19, 2003, together with
letters for an extension of time dated September 23, 2003, April
28, 2004, December 23, 2004 and July 7, 2005 between OIB and
Bukit Seremban Jaya Sdn Bhd (HSSB SPA) for a further period of
six (6) months from December 19, 2005 to June 19, 2006, or such
later date as the parties may mutually agree.

The HSSB SPA was in respect of the proposed acquisition by OIB
of 100,000 existing ordinary shares of MYR1.00 each in Harta
Sekata Sdn Bhd (HSSB) representing approximately 78.0 percent
equity interest in HSSB for a purchase consideration of
MYR48,360,000 to be satisfied by the issuance of 48,360,000 new
OIB Shares at an issue price of MYR1.00 per OIB Share.

Documents Available for Inspection

The extension agreements all dated January 6, 2006 are available
for inspection at OIB's registered office, Level 23, Menara
Olympia, No. 8, Jalan Raja Chulan, 50200 Kuala Lumpur during
normal business hours from Monday to Friday (except for public
holidays) for a period of three (3) months from the date of this
announcement.

This announcement is dated 6 January 2006.

CONTACT:

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


TALAM CORPORATION: Releases List of Struck Off Units
----------------------------------------------------
Talam Corporation Berhad (Talam) advised Bursa Malaysia
Securities Berhad that the following subsidiaries of the Company
have been struck off from the register by the Companies
Commission of Malaysia pursuant to the powers conferred by
subsection 308(4) of the Companies Act, 1965 and accordingly
dissolved:

(1) Bukit Beruntung Golf Academy Sdn Bhd

(2) Bukit Beruntung Golf & Country Club Sdn Bhd

(3) Gallant Impact Sdn Bhd

(4) Hexacity Sdn Bhd

(5) Kagum Semarak Sdn Bhd

(6) Lansuniaga Sdn Bhd

(7) 888 Linear Production Sdn Bhd

(8) Vision Reach Sdn Bhd

(9) Wira Profit Sdn Bhd

CONTACT:

Talam Corporation Berhad
5th Floor, Wisma Talam
52 Jalan Kampung Attap
50460 Kuala Lumpur, WP
Malaysia
Phone: 603-2732222
Fax: 603-2731439


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

ABS-CBN BROADCASTING: Slashes Listed PDRs
-----------------------------------------
ABS-CBN Broadcasting Corp. will Wednesday reduce its listed
Philippine Depository Receipts (PDRs) by 60,000 after the holder
exercised his right to convert them into an equal number of
common shares of the Philippines' largest media broadcasting
network.

The reduction will bring ABS-CBN's total listed PDRs to 268
million.

CONTACT:

ABS-CBN Broadcasting Corp
Mother Ignacia St
Corner Sgt
Quezon City 1100
Philippines
Phone:  2 924 4101
Fax:  2 921 5888
Web site: http://www.abscbn-ir.com


COLLEGE ASSURANCE: Continues Ops Despite Insolvency Reports
-----------------------------------------------------------
Embattled College Assurance Plans (Philippines) Inc. (CAP)
carries on with its operations amid reports it is headed towards
bankruptcy, The Visayan Daily Star reports.

The report was released after the Makati Regional Trial Court
accepted CAP's petition for rehabilitation, which allowed its
receiver to start auditing the firm's recovery plan.

The court has yet to approve the rehabilitation plan but it
directed CAP's receiver to evaluate the plan within 30 days from
receipt of the order.

But a group of 10,000 CAP plan holders opposed the court
decision as they are seeking the liquidation of the company and
distribution of its assets to concerned parties.

CAP's financial woes started in 2002 when it incurred a trust
fund shortfall of Php2.5 billion, raising doubts in its ability
to meet future benefits of its 780,000 planholders.

CONTACT:

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


MAYNILAD WATER: Government to Wrap Up Sale by June
--------------------------------------------------
The National Government aims to complete the privatization of
Maynilad Water Services Inc. by June this year following a
public bidding this quarter, BusinessWorld reports.

An interim board of directors will be primarily tasked to
oversee Maynilad's "reprivatization" and will appoint a
financial adviser to conduct a valuation of the government's 84-
percemt stake in the ailing water concessionaire.

The group is expecting to complete the transaction by June.

The government acquired 84 percent of Maynilad through regulator
Metropolitan Waterworks and Sewerage System via a debt-to-equity
scheme with the Lopezes, who returned the water concession to
the government in 2002 because of mounting obligations
aggravated by the 1997 Asian financial crisis.

Whoever acquires Maynilad must pay at least US$22.67 million in
subscription fees, an amount the government would have
shouldered under a court-approved rehabilitation plan. The
winning bidder must also shell out US$31 million in financial
assistance for the water firm.

At least two parties are said to be interested in Maynilad and
are waiting for the government to issue its terms of reference.

Fellow concessionaire Manila Water Co. initially wanted to only
less than half of Maynilad. Construction firm DMCI Holdings Inc.
of the Consunjis is also setting its sights on Maynilad but has
said suggestions to cancel a rate rebasing in 2007 would make
the water concession unattractive.

CONTACT:

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


NATIONAL FOOD: Iron-fortified Rice Imports Arrive in RP Ports
-------------------------------------------------------------
At least 34,100 metric tons (MT) of iron-fortified rice imported
by the National Food Authority (NFA) from Vietnam have been
unloaded in the country's various disports as of today. This is
part of the total of 100,000 MT contracted by the government.

The fortification of the rice with iron is NFA's compliance with
the Food Fortification Program of Republic Act 8976 which
requires rice, and other food items, to be fortified with
Vitamin A, iron, or other food fortificants.

The rice unloaded in Manila totals 7,000 MT; in Tabaco, 6,700
MT; Cagayan de Oro, 3,600 MT; Subic, 10,800 MT; Cebu, 6,000 MT.
A total of 15,800 MT is scheduled to be unloaded separately
within the week in Davao, Poro Point, La Union and Iloilo.

The NFA has been conducting regular briefings on the nutritional
benefits of iron-fortified rice in all its offices nationwide.

Meanwhile, the 100,000 MT of iron fortified rice will be
eventually distributed in NFA's regional offices as follows:
Region I with 8,475 MT; Region II, 5,125 MT; Region III, 12,925
MT; Region IV, 5,375 MT; Region V, 10,950 MT; Region VI, 3,850
MT; Region VII, 7,600 MT; Region VIII, 9,875 MT; Region IX,
6,350 MT; Region X, 1,950 MT; Caraga, 1,200 MT; Region XI, 3,975
MT; Region XII, 2,475 MT; National Capital Region, 16,175 MT;
and Autonomous Region in Muslim Mindanao, 3,700 MT.

CONTACT:

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


PHILNICO INDUSTRIAL: Jichuan Group's Investment Hits Snag
---------------------------------------------------------
Jichuan Group's investment in Philnico Industrial Corporation
may be pushed back longer than expected, The Philippine Star has
learned.

The postponement is due to the government's re-assessment of the
value of the controversial Nonoc mines before the Chinese mining
giant could buy the Philippine miner.

The Chinese group has been promised quick resolution of the
Philnico case, but the inter-agency group assigned to sort out
the legal mess involving the mine has decided to form yet
another group.

A group had been formed together with mining experts from the
Department of Environment and Natural Resources (DENR) and the
National Resources and Mining Development Corp. (NRMDC) to value
the property.

Last year, the Arroyo administration had begun considering an
out-of-court settlement with Philnico just to expedite the court
case and finally facilitate the entry of the Chinese mining
consortium led by Jinchuan Non-Ferrous Metals Corp. and Shanghai
Bao Steel Corp., which expressed intentions to invest about US$1
billion in Philnico's Nonoc mines.

Philnico bough Nonoc mines from the government but it failed to
pay for the acquisition since it bought the mine and the nickel
processing plant in Nonoc Island, Surigao City.

The mining firm owed the National Government at least AU$300
million.

CONTACT:

Philnico Industrial Corporation
Rm 11-2, 11/F Manila Banking Corp. Bldg.,
6772 Ayala Avenue, Makati City.
Phone: (0632) 867-4334 thru 41, 816-7026
Fax: (632) 816 7039


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

BIN HIN: Creditors to Review Wind Up Report
-------------------------------------------
Notice is hereby given that the final meeting of the creditors
of Bin Hin Crane & Heavy Transport Pte Limited will be held on
Feb. 10, 2006, 10:00 a.m. at 140 Robinson Road, #06-03 Chow
House, Singapore 068907, for the following purposes:

AGENDA

1. To receive the Liquidator's account showing how the Company
was wound up, and to hear any explanation that may be given by
the Liquidator.

2. To determine by resolution the manner in which all the books,
accounts and documents of the Company and of the Liquidator
shall be disposed of.

Dated 9th January 2006

Winston Loong Sie Yoke
Liquidator
140 Robinson Road
#06-03 Chow House
Singapore 068907

Note:

A member entitled to attend and vote at the meeting is entitled
to appoint a proxy to attend and vote on his behalf. A proxy
need not be a member.

Proxies must be lodged at the Liquidator's office not later than
forty eight hours before the meeting.


E-MARITIME PTE: Creditor Seeks to Wind Up Firm
----------------------------------------------
Notice is hereby given that Pacific Central Teknin Pte Limited,
a judgment creditor of E-Maritime Pte Limited, filed a winding
up petition against the Company with the Singapore High Court on
Dec. 13, 2005.

The Petition is directed to be heard before the Court sitting at
the Singapore High Court on Jan. 20, 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 himself or his Counsel for that purpose.

Acopy 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 Petitioner's address is 69 Kaki Bukit Industrial Terrace,
Singapore 416149.

The Petitioner's solicitors are Messrs Wee Tay & Lim of 133 New
Bridge Road, #19-09/10 Chinatown Point, Singapore 059413.

Dated the 6th day of January 2006

Messrs Wee Tay & Partners
Solicitors for the Petitioner

Note:

Any person who intends to appear at the hearing of the said
Petition must serve on or send by post to solicitors Messrs Wee
Tay & Lim a written notice of his intention so to do. The Notice
must state the name and address of the person, or, if a firm,
the name and address of the firm, and must be signed by the
person of firm, or his or their solicitors (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. 19,
2006 (the day before the day appointed for the hearing of the
Petition).

CONTACT:

E-Maritime Pte Limited
70 Anson Road, #21-06 Apex Tower
Singapore 079905
Phone: 65 6221 1141   
Fax:   65 6221 1425


FIRSTLINK INVESTMENTS: Unveils New Audit Committee Composition
--------------------------------------------------------------
Firstlink Investments Corporation Limited announced that Mr. Foo
Chek Heng resigned from his position as an Independent Non-
Executive Director of the Company, effective Jan. 6, 2006.
Following his resignation, Mr. Foo ceases to be a member of the
Company's Audit Committee.

The Company also announced the following changes in the
composition of the Audit Committee effective immediately:

Chairman - Er Kwong Wah  (Independent Non-Executive Director)

Member   - Ng Tong Ching (Independent Non-Executive Director)

Member   - Xing Jiadong  (Independent Non-Executive Director)

By Order of the Board

Ling Yew Kong

Executive Chairman

Jan. 6, 2006

CONTACT:

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


HAPPY MANUFACTURING: Appoints Official Liquidators
--------------------------------------------------
At a General Meeting of Happy Manufacturing Co. Pte Limited held
on Dec. 30,  2005, the following resolutions were passed:

SPECIAL RESOLUTIONS

(a) That the Company be wound up voluntarily, and that Messrs.
Steven Tan Chee Chuan and Douglas Tan Kay Yeow of 138 Cecil
Street, #15-00 Cecil Court, Singapore 069538 be and are hereby
appointed as Joint and Several Liquidators for the winding up.

(b) That the Liquidators be and are hereby authorized (when and
as soon as the Company's debts and liabilities were paid and
satisfied) to distribute the assets (in specie or kind) among
the contributories of the Company, in accordance with their
respective rights and interests.

(c) That the Liquidators of the Company be and are hereby
authorized to exercise any of the powers given by Section 272
(1) (b), (c), (d) and (e), of the Singapore Companies Act, Cap.
50.

ORDINARY RESOLUTION:

That the Liquidators be remunerated for the work of winding-up
the Company on their normal scale of fees, and that they be
indemnified by the Company against all costs, charges, losses,
expenses and liabilities incurred or sustained by them in
execution and discharge of their duties in relation thereto.

Dated this 5th day of January 2006

Steven Tan Chee Chuan
Douglas Tan Kay Yeow
Joint Liquidators
138 Cecil Street, #15-00 Cecil Court
Singapore 069538


GOLD PRECISION: Intends to Pay Dividend to Creditors
----------------------------------------------------
Gold Precision Engineering Pte Limited, formerly of 3013 Bedok
Industrial Park E, #03-2098, Singapore 489979, posted a notice
of intended dividend at the Government Gazette, Electronic
Edition with the following details:

Name of Company: Gold Precision Engineering Pte Limited
Court: Supreme Court, Singapore
Number of Matter: Companies Winding Up No. 417 of 1998
Last day for receiving proofs: Jan. 20, 2006
Name  & address of Liquidator: The Official Receiver
The URA Centre (East Wing)
45 Maxwell Road #06-11
Singapore 069118

Dated: Jan. 6, 2006

Chan Wang Ho
Assistant Official Receiver


SATE RIA: Receiving Claims Until Jan. 20
----------------------------------------
Notice is hereby given that the creditors of Sate Ria Fast Food
Private Limited, which is being wound up voluntarily, are
required 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 on or before Jan.
20, 2006.

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

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

Dated this 30th day of December 2005

Yusni Bin Jalil
Liquidator
C/o 135 Cecil Street
#10-04 LKN Building
Singapore 069536


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

SIAM AGRO-INDUSTRY: Reveals Conversion of Shares
------------------------------------------------
Siam Agro-Industry Pineapple and Others Public Company Limited
informed the Stock Exchange of Thailand (SET) on the conversion
of shares based on the shareholding ratio of each shareholder
with respect to the reduction of the Company's registered and
paid up capital.

(1) 15 shares with par value of THB1 per share to be reduced to
one share par value of THB1 per share;

(2) If there is a fraction equal to or more than 0.5 shares, it
shall be rounded up but if it is less than 0.5 shares it shall
be disregard;

(3) In the event that the total number of shares after rounded
up and disregarded are not equal to 20 million shares, it shall
be adjusted to Kasikorn Bank Public Company Limited.

Please be informed accordingly and disclose to the shareholders
and the general investors.

Yours sincerely,
Mr. Praful Shah
Managing Director

CONTACT:

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




BOND PRICING: For the Week 9 January to 13 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
Hy-Fi Securities Ltd                  7.000%     8/15/08     8
Hy-Fi Securities Ltd                  8.750%     8/15/08    10
Hudson Timber Products Ltd            7.000%    12/31/10     1
Hutchison Telecoms Australia          5.500%     7/12/07     1
Infrastructure & Utilities NZ Ltd     8.500%     9/15/13     8
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
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                   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
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.  Information
contained herein is obtained from sources believed to be
reliable, but is not guaranteed.

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delivered via e-mail. Additional e-mail subscriptions for
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subscription or balance thereof are $25 each.  For subscription
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                 *** End of Transmission ***