TCRAP_Public/091202.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

           Wednesday, December 2, 2009, Vol. 12, No. 238

                            Headlines

H O N G  K O N G

ACE FINE: Creditors' Proofs of Debt Due December 18
ASTRAKHAN INVESTMENT: Members' Final Meeting Set for December 30
ATIMA HK: Creditors' Proofs of Debt Due December 28
CATARACT FUND: Members' Final Meeting Set for December 30
COTRADE ASIA: Members' Final Meeting Set for December 29

CHINALAND INDUSTRIES: Creditors' Proofs of Debt Due December 15
CHINA POWERLIGHT: Members' Final Meeting Set for December 30
CHOSUN INTERNATIONAL: Creditors' Proofs of Debt Due December 28
HOI FAI: Leung Chi Wing Appointed as Liquidator


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars


                         - - - - -


================
H O N G  K O N G
================


ACE FINE: Creditors' Proofs of Debt Due December 18
---------------------------------------------------
Creditors of Ace Fine Investment Limited, which is in members'
voluntary liquidation, are required to file their proofs of debt
by December 18, 2009, to be included in the company's dividend
distribution.

The company's liquidators are:

         Kennic Lai Hang Lui
         Frank Yuen Tsz Chun
         Ho Lee Commercial Building, 5th Floor
         38-44 D'Aguilar Street
         Central, Hong Kong


ASTRAKHAN INVESTMENT: Members' Final Meeting Set for December 30
----------------------------------------------------------------
Members of Astrakhan Investment Limited will hold their final
meeting on December 30, 2009, at 9:30 a.m., at 35th Floor, One
Pacific Place, 88 Queensway, Hong Kong.

At the meeting, Lai Kar Yan (Derek) and Darach E. Haughey, the
company's liquidators, will give a report on the company's wind-up
proceedings and property disposal.


ATIMA HK: Creditors' Proofs of Debt Due December 28
---------------------------------------------------
Creditors of Atima (Hong Kong) Limited, which is in members'
voluntary liquidation, are required to file their proofs of debt
by December 28, 2009, to be included in the company's dividend
distribution.

The company's liquidators are:

         Kam Yuk Ting
         Low Fung Ping
         Kai Tak Commercial, Rooms 903-908, 9/F
         317-319 Des Voeux Road
         Central, Hong Kong


CATARACT FUND: Members' Final Meeting Set for December 30
---------------------------------------------------------
Members of Cataract Fund For The Needed Limited will hold their
final general meeting on December 30, 2009, at 10:00 a.m., at Room
206, 2nd Floor, Alliance Building, 130-136 Connaught Road Central,
in Hong Kong.

At the meeting, Ng Oi Che, the company's liquidator, will give a
report on the company's wind-up proceedings and property disposal.


COTRADE ASIA: Members' Final Meeting Set for December 29
--------------------------------------------------------
Members of Cotrade Asia Limited will hold their final meeting on
December 29, 2009, at 11:00 a.m., at the 8th Floor, Henley
Building, 5 Queen's Road Central, in Hong Kong.

At the meeting, Eliza S.Y. Wu, the company's liquidator, will give
a report on the company's wind-up proceedings and property
disposal.


CHINALAND INDUSTRIES: Creditors' Proofs of Debt Due December 15
-----------------------------------------------------------
Creditors of Chinaland Industries Limited, which is in members'
voluntary winding-up, are required to file their proofs of debt by
December 15, 2009, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on November 20, 2009.

The company's liquidators are:

         Ho Hoi Lam
         Man Fung Ying
         8/F, Gold & Silver Commercial Building
         12-18 Mercer Street
         Central, Hong Kong


CHINA POWERLIGHT: Members' Final Meeting Set for December 30
------------------------------------------------------------
Members of China Powerlight Limited will hold their final general
meeting on December 30, 2009, at 2:00 p.m., at Room 1501, 15th
Floor, Shanghai Industrial Investment Building, 48-62, Hennessy
Road, Wanchai, in Hong Kong.

At the meeting, Lam Chin Chiu, the company's liquidator, will give
a report on the company's wind-up proceedings and property
disposal.


CHOSUN INTERNATIONAL: Creditors' Proofs of Debt Due December 28
---------------------------------------------------------------
Creditors of Chosun International (H.K.) Toys Limited, which is in
members' voluntary winding-up, are required to file their proofs
of debt by December 28, 2009, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on November 20, 2009.

The company's liquidator is:

         Kim Taek Joong
         528-2002, Yangji Maeul
         24 Soonae-Dong
         Bundang-Ku, Sungnam City
         Kyunggi-Do, Korea


HOI FAI: Leung Chi Wing Appointed as Liquidator
-----------------------------------------------
Leung Chi Wing on November 16, 2009, was appointed as liquidator
of Hoi Fai Resource Management Limited.

The liquidator may be reached at:

         Leung Chi Wing
         Room 3, 8/F, Yue Xiu Building
         160 Lockhart Road
         Wan Chai, Hong Kong


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X X X X X X X X
===============


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Dec. 3-5, 2009
AMERICAN BANKRUPTCY INSTITUTE
    21st Annual Winter Leadership Conference
       La Quinta Resort & Spa, La Quinta, California
          Contact: 1-703-739-0800; http://www.abiworld.org/

January 27-29, 2010
TURNAROUND MANAGEMENT ASSOCIATION
    Distressed Investing Conference, Bellagio, Las Vegas
       Contact: http://www.turnaround.org/

Feb. 21-23, 2010
INSOL
    International Annual Regional Conference
       Madinat Jumeirah, Dubai, UAE
          Contact: 44-0-20-7929-6679 or http://www.insol.org/

April 20-22, 2010
TURNAROUND MANAGEMENT ASSOCIATION
    Sheraton New York Hotel and Towers, New York, NY
       Contact: http://www.turnaround.org/

Apr. 29-May 2, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 17-20, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa, Traverse City, Michigan
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 7-10, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Northeast Bankruptcy Conference
       Ocean Edge Resort, Brewster, Massachusetts
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Conference
       The Ritz-Carlton Amelia Island, Amelia, Fla.
          Contact: http://www.abiworld.org/

Aug. 5-7, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Workshop
       Hyatt Regency Chesapeake Bay, Cambridge, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 6-8, 2010
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Annual Convention
       JW Marriott Grande Lakes, Orlando, Florida
          Contact: http://www.turnaround.org/

Dec. 2-4, 2010
AMERICAN BANKRUPTCY INSTITUTE
    22nd Annual Winter Leadership Conference
       Camelback Inn, Scottsdale, Arizona
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa
          Traverse City, Michigan
             Contact: http://www.abiworld.org/

October 25-27, 2011
TURNAROUND MANAGEMENT ASSOCIATION
    Hilton San Diego Bayfront, San Diego, CA
       Contact: http://www.turnaround.org/

Dec. 1-3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    23rd Annual Winter Leadership Conference
       La Quinta Resort & Spa, La Quinta, California
          Contact: 1-703-739-0800; http://www.abiworld.org/


                         *********

Tuesday's edition of the TCR-AP delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-AP editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Tuesday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-AP constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-AP editor holds
some position in the issuers' public debt and equity securities
about which we report.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR-AP. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Friday's edition of the TCR-AP features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.


                            *********


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., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland, USA.  Valerie C. Udtuhan, Marites O. Claro,
Rousel Elaine C. Tumanda, Joy A. Agravante, Frauline S. Abangan,
and Peter A. Chapman, Editors.

Copyright 2009.  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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