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

                     A S I A   P A C I F I C

           Tuesday, November 15, 2005, Vol. 8, No. 226
                           
                           Headlines

A U S T R A L I A

ARMBOY PTY: Members Resolve to Wind Up Business
AUSTRALASIAN SHIPPING: Court Orders Liquidation
AUSTRALIAN GAS: Loy Yang Secures Refinancing
BABYLON PHYSICAL: Declares Final Dividend
BC PENTECO: Court Releases Winding Up Order

BROWNLEE PROPERTIES: Decides to Close Operations
CARTEV PTY: Members, Creditors to Receive Liquidator's Report
CLOUGH LIMITED: Clinches Strategic Deal with Murray & Roberts
CSN 2000: Peter Krecji Named Official Liquidator
DANALIZ PTY: Winds Up Business

FRIGWAYS PTY: Members, Creditors Convene to Review Winding Up
GEOFFJIM PTY: Enters Voluntary Liquidation
G RETAIL: Creditors, Administrators to Meet This Week
LAUREL SPRINGS: Appoints Official Liquidators
LUSBY'S FURNITURE: Declares First, Final Dividend

MACKENZIE BYRNE: Schedules Final Meeting November 22
MD VICTORIA: Creditors OK Liquidator's Appointment
MYER LIMITED: Confidentiality Agreement Upsets Investors
NATIONAL AUSTRALIA: Boss Rules Out Share Buyback
PHOENICIAN PRODUCTIONS: Members Agree to Shut Down Business

QANTAS AIRWAYS: September Group Traffic Up 7.4%
RBEK SERVICES: Liquidator to Detail Wind Up Manner
RD MOYLE: Winding Up Process Initiated
RESOURCE FULFILMENT: Members Agree to Cease Operations
R WYNHOVEN: Mortgage Broker Faces 63 Fraud Charges

SAM'S PRIMROSE: Court Appoints Official Liquidator
TELSTRA CORPORATION: Fate of Employees Hangs on Rehab Plan
TELSTRA CORPORATION: New World Wants Tie-up with Rival
WORLD CLASS: Intends to Pay Dividend to Creditors


C H I N A  &  H O N G  K O N G

ADDCORE DEVELOPMENT: Creditors, Members Meeting Fixed December 2
CHARMING UNION: Annual Meeting Slated for December 2
CHINA WAY: Issues Notice to Creditors to Prove Debts
CIG PORTS: Net Loss Narrows to HK$6.09 Mln
COSMO VISION: Court Appoints Liquidators

EAST CHINA: Court Bans Former Director
ESSERY ESTATES: AGM Set for November 18
GLOBAL DIGITAL: 9-Month Net Loss Widens to HK$52 Mln
INDUSTRIAL AND COMMERCIAL: Middle East Funds Eye Stake
ORIENTAL OVERSEAS: Set to Wind Up Operations

PROSPERITY INTERNATIONAL: Incurs HK$2.8 Mln 6-Month Net Loss
RIGHT MASTER: Issues Debt Claim Notice
TIANJIN TIANLIAN: Results Swing to RMB13.8 Mln Loss
WISEWAYS INVESTMENT: Winding Up Hearing Set December 28


I N D I A

NOIDA TOLL: Court OKs Scheme of Arrangement
RANBAXY LABORATORIES: Wins 2 Patent Claims, Loses 1 in U.S.
SAVANDAPOOR FINANCE: RBI Cancels Certificate of Registration


I N D O N E S I A

TELEKOMUNIKASI INDONESIA: Satellite Launch Faces Another Delay
* Government Cuts Total Debt by 25%


J A P A N

MITSUBISHI MOTORS: DaimlerChrysler Sells 12.4% Equity Interest
MITSUBISHI MOTORS: Issues Shares Transfer
MITSUBISHI MOTORS: Issues Comment Re Sale of Daimler Stake
MITSUBISHI MOTORS: Stock Down 12% on DaimlerChrysler Sale
SANYO ELECTRIC: May Halt Plasma TV Ops

SOFTBANK CORPORATION: Eyes Local Web TV Market


K O R E A

HANARO TELECOM: Unveils Resolution on Approval of Merger
HANARO TELECOM: Posts Turnaround in Operating Profit
LG CARD: ReD Offers PRISM Fraud Detection Software License


M A L A Y S I A

AFFIN HOLDINGS: Bourse to List, Quote New Shares
ANCOM BERHAD: Buys Back Ordinary Shares
ANTAH HOLDING: Releases Monthly Update on Default
BOUSTEAD HOLDINGS: New Shares Up for Listing, Quotation
DAI HWA: Bourse to Suspend Trading of Securities

HAP SENG: Holds Shares Buy Back
I-BERHAD: Issues Notice of Shares Buy Back
KIG GLASS: Bourse Imposes Fine for Non-Compliance to Rules
LANKHORST BERHAD: Failure to Submit FS Entails Delisting
LANKHORST BERHAD: Warrant Expires December 8

LANKHORST BERHAD: Incurs Net Loss in 4Q/FY04
LANKHORST BERHAD: Bourse Unveils Breached Provisions
LION CORPORATION: Parties Extend Conditional Period for 3 Months
UNITED CHEMICAL: Details Payment Default to Facilities
WAH SEONG: FIC OKs Units' Acquisition Proposal


P H I L I P P I N E S

ABS-CBN BROADCASTING: Loses Ratings War with GMA
LAFAYETTE MINING: Civic Groups Refute Claim
LEPANTO CONSOLIDATED: Updates on Fully Paid, Partial Paid Shares
MANILA ELECTRIC: More Clients to Enjoy Lower Rates
MANILA ELECTRIC: Government Keen on Stake Sale

NATIONAL POWER: S&P Raises Concern on Privatization


S I N G A P O R E

ACCORD CUSTOMER: Former Top Officials Face New Charges
ACCORD CUSTOMER: Quarterly Net Loss Widens
CITIRAYA INDUSTRIES: Former Employee Jailed for Corruption
FHTK HOLDINGS: Posts SGD3-Mln Quarterly Net Loss
LIANG HUAT: Provides Further Information on Property Sale

LINDETEVES-JACOBERG: Notes Significant Increase in Net Loss
LINDETEVES-JACOBERG: Units Enter into Subscription Agreement
MUSIC JUNCTION: Creditor Seeks Winding Up



T H A I L A N D

THAI-GERMAN: Books THB9,101,000 Net Loss in 3Q
THAI WAH: Explains Increase in Profit
TONGKAH HARBOUR: Proposes to Trade in AIM
BOND PRICING: For the Week 14 November to 18 November 2005

     -  -  -  -  -  -  -  -

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

ARMBOY PTY: Members Resolve to Wind Up Business
-----------------------------------------------
Notice is hereby given that at a general meeting of the members
of Armboy Pty Limited held on Oct. 18, 2005, it was resolved
that the Company be wound up voluntarily, and that Kenneth
Whittingham of BDO Chartered Accountants & Advisers, 2 Market
Street, Sydney be appointed as Liquidator for such purpose.

Dated this 18th day of October 2005

Kenneth Whittingham
Liquidator
BDO Chartered Accountants & Advisers
Level 19, 2 Market Street
Sydney NSW 2000


AUSTRALASIAN SHIPPING: Court Orders Liquidation
-----------------------------------------------
On Oct. 12, 2005, the Supreme Court of Victoria ordered the
winding up of Australasian Shipping Services Pty Limited, and
appointed James Stewart to be Liquidator of the Company.

Dated this 17th day of October 2005

James Stewart
Liquidator
Ferrier Hodgson
Level 29, 600 Bourke Street
Melbourne Vic 3000


AUSTRALIAN GAS: Loy Yang Secures Refinancing
--------------------------------------------
The Australian Gas Light Company (AGL), as a foundation
shareholder in Great Energy Alliance Corporation Pty Limited
(GEAC), which owns the 2,200 megawatts Loy Yang Power station in
Victoria's Latrobe Valley, announced that Loy Yang Power has
refinanced AU$2.1 billion in senior bank debt facilities.

This follows an extensive review of refinancing options as
announced in August 2005 to take advantage of favorable debt
capital market conditions.

The refinancing extends Loy yang Power's bank debt maturity
profile, complementing the long-term nature of the asset,
resulting in lower interest costs through improved credit
margins.

"AGL, as a 32.5 percent investor in Loy Yang Power, is pleased
with the refinancing package. Loy Yang Power is a highly
competitive, quality asset and the new senior bank debt
structure recognizes these attributes as well as the significant
economic life of the asset," AGL Managing Director Greg Martin
said.

"Conditions in the project finance market have enabled this
refinancing to be completed on more favorable terms than the
previous bank debt facilities and will deliver additional value
to the owners of Loy Yang Power."

Loy Yang Power was purchased by GEAC in April 2004. The other
GEAC shareholders include The Tokyo Electric Power Company
(32.5%), Commonwealth Bank investors (15.2%), Motor Trades
Association of Australia Superannuation Fund (10.3%), Mitsui &
Co. (5.6%) and Westscheme (3.9%).

CONTACT:

Australian Gas Light Company
Locked Bag 1837
St. Leonards
NSW 2065
General Inquiries: 02 9921 2999
General Fax: 02 9921 2552
Share Registry: 02 9921 2259
Share Registry Fax: 02 9921 2465


BABYLON PHYSICAL: Declares Final Dividend
-----------------------------------------
Babylon Physical & Health Club Pty Limited will declare a final
dividend today, Nov. 15, 2005.

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

Dated this 18th day of October 2005

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


BC PENTECO: Court Releases Winding Up Order
-------------------------------------------
On Oct. 12, 2005, the Supreme Court of New South Wales, Equity
Division ordered the winding up of BC Penteco Pty Limited, and
appointed Steven Nicols to be the Company Liquidator.

Steven Nicols
Liquidator
Level 2, 350 Kent Street
Sydney NSW 2000


BROWNLEE PROPERTIES: Decides to Close Operations
------------------------------------------------
Notice is hereby given that the following special resolution was
passed at an Extraordinary General Meeting of the members of
Brownlee Properties Pty Limited held on Oct. 13, 2005:

That the Company be wound up voluntarily.

Paul R. Campbell of Level 16, 309 Kent Street, Sydney was
appointed as Liquidator for the winding up.

Dated this 13th day of October 2005

Paul R. Campbell
Liquidator
Level 16, 309 Kent Street
Sydney


CARTEV PTY: Members, Creditors to Receive Liquidator's Report
-------------------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Cartev Pty Limited will be held on Nov. 22, 2005,
10:00 a.m. (in the Boardroom of Andrew Dunner & Associates,
Chartered Accountants, 23 Erin Street, Richmond Victoria, to lay
accounts before it showing the manner of the winding up and
disposal of the property of the Company, and to hear any
explanation that may be given by the Liquidator.

Dated this 18th day of October 2005

Andrew L. Dunner
Liquidator
Andrew Dunner & Associates
23 Erin Street, Richmond
Victoria


CLOUGH LIMITED: Clinches Strategic Deal with Murray & Roberts
-------------------------------------------------------------
Clough Limited advised that the Murray & Roberts transaction was
approved by shareholders at the Annual General Meeting in Perth
on Wednesday, November 9, 2005.

On Friday the respective transactions were completed and this
will take Murray & Roberts from 30.3% (145.4 million shares) to
a 46.1% holding (235.4 million shares) in Clough Limited.

Murray & Roberts will eventually move to 49.1% post the Second
Placement.

CONTACT:

David Singleton
CEO & Managing Director, Clough Limited
Phone: (08) 9281 9281

Robert Ash
General Manager, Corporate Affairs, Clough Limited
Phone: (08) 9281 9404, 0407 778 296
E-mail: rob.ash@clough.com.au

Clough Limited
Head Office &
Principal Registered Office
Level 6, 251 St Georges Terrace
Perth, Western Australia 6000
Telephone: +618 9281 9281
Facsimile: +618 9481 6699
E-mail: clough@clough.com.au
Web site: http://www.clough.com.au/


CSN 2000: Peter Krecji Named Official Liquidator
------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of CSN 2000 Pty Limited held on Oct. 17, 2005, it
was resolved that the Company be wound up voluntarily, and Peter
Paul Krejci of GHK Green Krejci, Level 9, 179 Elizabeth Street,
Sydney NSW 2000 was appointed as Liquidator at a creditors'
meeting held that same day.

Dated this 17th day of October 2005

Peter P. Krecji
Liquidator
GHK Green Krejci
Level 9, 179 Elizabeth Street
Sydney NSW 2000


DANALIZ PTY: Winds Up Business
------------------------------
Notice is hereby given that at a meeting of creditors of Danaliz
Pty Limited held on Oct. 19, 2005, it was resolved that the
Company be wound up.

Brian Raymond Silvia of Ferrier Hodgson Chartered Accountants,
Level 17, 2 Market Street, Sydney
NSW was appointed as the Company Liquidator.

Dated this 18th day of October 2005

Brian R. Silva
Liquidator
Ferrier Hodgson Chartered Accountants
Level 17, 2 Market Street
Sydney NSW 2000


FRIGWAYS PTY: Members, Creditors Convene to Review Winding Up
-------------------------------------------------------------
Notice is given that the convened final meeting of the members
and creditors of Frigways Pty Limited will be held on Nov. 22,
2005, 10:30 a.m. at the offices of Lowe Lippmann Chartered
Accountants, 5 St. Kilda Road, St. Kilda, Vic, 3182 to table an
account showing the manner in which the winding up was conducted
and the property of the Company disposed of, and to hear any
explanations that may be given by the Liquidator.

Dated this 12th day of October 2005

Gideon Rathner
Liquidator
C/o Lowe Lippman Chartered Accountants
5 St. Kilda Road
St. Kilda Vic 3182


GEOFFJIM PTY: Enters Voluntary Liquidation
------------------------------------------
Notice is hereby given that on Oct. 12, 2005, the following
special resolution was passed:

That Geoffjim Pty Limited be wound up voluntarily relating to a
Members' Voluntary Winding Up, and that K.L. Sutherland,
Chartered Accountant of 332 St. Kilda Road, Melbourne be
appointed as Liquidator for such purpose.

Dated this 24th day of October 2005

K. L. Sutherland
Liquidator
Bent & Cougle Pty Limited
Chartered Accountants
332 St. Kilda Road, Melbourne Vic 3004


G RETAIL: Creditors, Administrators to Meet This Week
-----------------------------------------------------
Creditors of failed retailer G Retail Limited will meet the
company's administrators this week, according to the Sydney
Morning Herald.

The creditors, who are mainly merchandise suppliers, want to
know whether they can recoup a total of AU$4.5 million owed to
them by the embattled retailer.

Administrator Peter Yates and his team from Deloitte have
scheduled a meeting with creditors today, as talks continue over
a last minute sale.

G Retail went into administration last week after the Gowing
family's listed invested vehicle, Gowing Bros, signaled its
intention to leave retailing for good when it set off the chain
of events that put the retailer into administration.

Gowing Bros, now a shares and property investment vehicle which
also holds an 18 per cent stake in G Retail, ruined sale talks
between G Retail and the privately owned mens' and boys'
retailer Lowes.

Due to liquidity issues, G Retail appointed Deloitte which is
now trying to determine if it can sell the business as a going
concern.

On Friday, the administrators admitted they were now not only
trying to find a buyer for the retail business but are also
trying to negotiate a sale by Gowing Bros of the brand name for
use in retailing. A stalemate over using the Gowings name saw
the collapse of talks with Lowes last week.

The Deloitte's men are also trying to negotiate a renewed lease
in the landmark store.

The administrators are working towards trying to sell the
business by the end of November. They have already axed 10 of
the 190 Gowings staff.

CONTACT:

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


LAUREL SPRINGS: Appoints Official Liquidators
---------------------------------------------
At a meeting of Laurel Springs Pty Limited held on Oct. 14,
2005, members passed the following special resolution:

That Paul Sweeney and Terry van der Velde, registered
Liquidators of SV Partners, Level 16, 120 Edward Street,
Brisbane, be appointed as Joint and Several Liquidators for the
winding up of the Company.

Dated this 19th day of October 2005

Paul Sweeney
Terry Van der Velde
Joint Liquidators
c/o SV Partners Pty Limited
Insolvency Accountants and Risk Managers
Web site: http://www.svpartners.com.au/


LUSBY'S FURNITURE: Declares First, Final Dividend
-------------------------------------------------
Lusby's Furniture Company Pty Limited will declare a first and
final dividend today, Nov. 15, 2005.

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

Mark Roufeil
Liquidator
Level 9, 31 Market Street
Sydney NSW 2000


MACKENZIE BYRNE: Schedules Final Meeting November 22
----------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of Mackenzie Byrne Pty Limited will be held on Nov.
22, 2005, 10:00 a.m. at Hall Chadwick Level 29, 31 Market
Street, Sydney NSW 2000.

Geoffrey McDonald
Liquidator
c/o Hall Chadwick
Level 29, 31 Market Street
Sydney NSW 2000


MD VICTORIA: Creditors OK Liquidator's Appointment
--------------------------------------------------
Notice is hereby given that at a general meeting of the members
of MD Victoria Pty Limited on Oct. 20, 2005, a Special
Resolution was passed that the Company be wound up, and M. F.
Cooper was appointed as Liquidator for such purpose.

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

Dated this 21st day of October 2005

M. F. Cooper
Liquidator
Frasers Insolvency Advisory
Level 9, 99 Elizabeth Street
Sydney NSW 2000


MYER LIMITED: Confidentiality Agreement Upsets Investors
--------------------------------------------------------
Potential investors of the beleaguered Myer Limited are dismayed
over an extensive confidentiality agreement, The Australian
says.

Some of the 20 parties interested in buying the AU$450-million
department store chain are complaining bitterly about the
agreement, which they say will give parent Coles Myer an
effective veto power over their choice of adviser.

Bidders for Myer are required to sign the 20-page agreement
before they obtain an information memorandum with detailed
financial data.

The parties claimed the document is unprecedented in its scope
and power. One of their main concerns is that Coles Myer could
effectively exercise its veto power over any buyer's adviser,
and arbitrarily exclude any party it suspected of violating the
confidentiality of the deal.

The document may also block potential bidders from tendering for
other retail assets, just as a swath of other businesses come up
for sale, including the discount retailer Miller's and dozens of
Action stores owned by MetCash.

Coles Myer has rejected the complaints, with a spokesman saying
there are "numerous prospective bidders that have been perfectly
happy to sign the document". Indicative bids for Myer are due in
early December.

But dissatisfaction with the strict confidentiality requirements
among some potential bidders suggests that Coles Myer may not
receive as much for Myer as it hopes.

CONTACT:

Myer Limited
295 Lonsdale Street
Melbourne Vic 3000
Telephone: (61 3) 9661 1111
Facsimile: (61 3) 9661 3770
Web site: http://www.myer.com.au

Coles Myer Limited
800 Toorak Rd.
Tooronga, Victoria 3146, Australia
Phone: +61-3-9829-3111
Fax: +61-3-9829-6787
Web site: http://www.colesmyer.com/


NATIONAL AUSTRALIA: Boss Rules Out Share Buyback
------------------------------------------------
National Australia Bank (NAB) Chief Executive John Stewart is
not considering a share buyback, as the bank invests its capital
into its restructuring program, The Advertiser has learned.

Mr. Stewart said NAB was set to allocate AU$2.5 billion into its
business in the next three years as part of the ongoing recovery
from the aftermath of last year's foreign exchange trading
scandal.

NAB recently reported a record profit of AU$4.13 billion, though
that headline figure was inflated by one-offs.

The bank's underlying cash earnings actually fell by 4.4 percent
to AU$3.31 billion, and concerns about the bank's high level of
costs sent its shares sharply lower.

NAB also failed to announce a share buyback, following the
recent AU$500 million buyback announced by the Commonwealth Bank
of Australia and AU$700 million from Westpac.

CONTACT:

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


PHOENICIAN PRODUCTIONS: Members Agree to Shut Down Business
-----------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of the members of Phoenician Productions Pty Limited held on
Oct. 18, 2005, it was resolved by special resolution that the
Company be wound up in a members' voluntary winding up, and Ozem
Kassem was appointed as Liquidator for such purpose.

Dated this 24th day of October 2005

Ozem Kassem
Liquidator
c/o Bentleys MRI Sydney Business Recovery & Insolvency
Partnership
PO Box Q1165, QVB Post Office
Sydney NSW 1230
Phone: 02 8221 8433
Fax:   02 8221 8422


QANTAS AIRWAYS: September Group Traffic Up 7.4%
-----------------------------------------------
National flag carrier Qantas Airways Limited saw its September
group passenger traffic rise by 7.4 percent, Reuters reports.

However, growth for its full-service domestic service was only
0.5 percent higher as it battled budget airlines including its
own low-cost offshot, Jetstar.

Qantas said its group seat load factor, which measures how
successfully it fills the seats on its aircraft, rose by 3.1
percentage points to 78.3 percent, while group capacity
increased by 3.2 percent.

Jetstar passenger traffic -- or revenue passenger kilometers, an
industry standard measuring seats sold and distance flown --
soared by 47 percent in September, compared to a year earlier.

Its load factor rose by 4.3 points to 79 percent.

But its full-service domestic carrier, competing against Jetstar
and rival Australian budget airline Virgin Blue, had a 0.2 point
dip in load factor to 81.2 percent. The number of passengers it
carried fell by 2.9 percent to 1.368 million.

Jetstar carried 458,000 passengers, up 37 percent.

Qantas said passenger traffic on its main international service
rose by 7.4 percent and capacity edged only 0.2 percent higher,
resulting in the load factor up 5.2 points to 78 percent.

A copy of Qantas' preliminary monthly traffic and capacity
statistics for September 2005 is available for downloading free
of charge at:
http://bankrupt.com/misc/tcrap_qantasairways111405.pdf

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


RBEK SERVICES: Liquidator to Detail Wind Up Manner
--------------------------------------------------
Notice is hereby given that a final meeting of the members and
creditors of RBEK Services Pty Limited will be held on Nov. 22,
2005, 11:00 a.m. at Hall Chadwick Level 29, 31 Market Street,
Sydney NSW 2000.

Geoffrey McDoanld
Liquidator
c/o Hall Chadwick
Level 29, 31 Market Street
Sydney NSW 2000


RD MOYLE: Winding Up Process Initiated
--------------------------------------
Notice is hereby given that at a general meeting of RD Moyle &
Sons Pty Limited held on Oct.19, 2005, it was resolved that the
Company be wound up voluntarily, and that Michael Jones of Jones
Condon Chartered Accountants, Level 13, 189 Kent Street, Sydney,
NSW be appointed as Liquidator for such winding up.

Dated this 19th day of October 2005

Michael G. Jones
Liquidator
Jones Condon Chartered Accountants
Level 13, 189 Kent Street
Sydney NSW
Phone: 02 9251 5222


RESOURCE FULFILMENT: Members Agree to Cease Operations
------------------------------------------------------
Notice is hereby given that at a general meeting of the members
of Resource Fulfilment Pty Limited held on Oct. 20, 2005, it was
resolved that the Company be wound up voluntarily, and that
Samuel Richwol of O'Keeffe Walton Richwol Chartered Accountants,
Suite 3, 431 Burke Road, Glen Iris 3146 be appointed as Company
Liquidator.

Dated this 20th day of October 2005

Samuel Richwol
Liquidator
O'Keefe Walton Richwol Chartered Accountants
Suite 3, 431 Burke Road
Glen Iris 3146


R WYNHOVEN: Mortgage Broker Faces 63 Fraud Charges
--------------------------------------------------
The Australian Securities and Investments Commission (ASIC) has
brought a total of 63 fraud charges against former mortgage
broker, Mr. Ron William Wynhoven of Teesdale, Victoria.

A former director of financial services business, R Wynhoven &
Associates Pty Ltd (now in liquidation), Mr. Wynhoven, 49, was
charged with operating an unlicensed services business (one
count); fraudulently inducing persons to invest money (50
counts); breaching directors duties (five counts); and obtaining
financial advantage by deception (eight counts).

ASIC alleges that Mr. Wynhoven operated R Wynhoven & Associates
Pty Ltd (trading as "Seed Home Loans") without holding an
Australian financial services license (AFSL). ASIC also alleges
that Mr. Wynhoven induced a number of his clients to not only
refinance their existing home loans through his business, but to
use the equity in their homes to obtain a larger loan, which
would provide the clients with funds to invest with R Wynhoven &
Associates. ASIC alleges that to convince the clients to do so,
Mr. Wynhoven made a number of misrepresentations to the clients
about the nature of the proposed investments, the level of risk
involved, and anticipated high returns.

In addition, the commission alleges that Mr. Wynhoven used
$493,829 of approximately $1 million invested by his clients to
either financially support Seed Home Loans or purchase interests
investments in his own name or in the names of companies of
which he was a director.

Mr. Wynhoven was not required to enter a plea and is next
scheduled to appear in Geelong's Magistrates Court for a mention
on 9 December 2005. The matter is being prosecuted by the
Commonwealth Director of Public Prosecutions.

Background
The two companies operated by Mr. Wynhoven were R Wynhoven &
Associates Pty Ltd and Seed Finance and Investments Pty Ltd.

On 22 December 2003, ASIC commenced urgent injunctive action in
the Federal Court of Australia against Mr. Wynhoven and the
above companies.

On 24 December 2003, ASIC obtained Federal Court orders freezing
the assets of the two companies. Orders were also obtained which
restrained Mr. Wynhoven from receiving any further funds from
investors.

On 20 April 2004, ASIC was successful in having the Federal
Court appoint provisional liquidators to the two companies.

In September 2004, ASIC received information that Mr. Wynhoven
had breached the Federal Court injunction obtained on 24
December 2003 by receiving $12,000 from two investors in late
August 2004. As a result, ASIC commenced proceedings that Mr.
Wynhoven was in contempt of Court.

On 25 October 2004, Mr. Wynhoven pleaded guilty in the Federal
Court to contempt of the Federal Court. The Federal Court then
made the following orders:

- that a liquidator be appointed to Mr. Wynhoven's two
companies;
- that Mr. Wynhoven be disqualified from acting as a director of
any company for five years; and
- that Mr. Wynhoven be banned from participating in the
financial services industry, until further order.

The liquidator of the two companies has since reported there are
no funds available to return to investors.


SAM'S PRIMROSE: Court Appoints Official Liquidator
--------------------------------------------------
On Oct. 18, 2005, the Supreme Court of New South Wales, Equity
Division ordered that Christopher J. Palmer be appointed as
Liquidator for the winding up of Sam's Primrose Painting
Services Pty Limited.

Dated this 1st day of November 2005

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


TELSTRA CORPORATION: Fate of Employees Hangs on Rehab Plan
----------------------------------------------------------
The fate of thousands of Telstra Corporation employees is
expected to hang on an announcement from new Chief Executive Sol
Trujillo this morning, the Sydney Morning Herald reports.

Mr. Trujillo will unveil what is supposed to be a company-
transforming blueprint to streamline the telecom and position it
for growth. The plan is expected to include the loss of up to
9000 jobs.

The strategy is not just important for Mr. Trujillo, whose
performance will be judged against his ability to execute the
plan, the blueprint will also be the most important weapon for
investment banks that will be attempting to sell the
Government's final stake in Telstra (T3) in a year's time.

While all eyes will be on the new strategy, which is expected to
have a major influence on the whole telecom industry, Mr.
Trujillo has made his presence felt with changes at Telstra.

Telecom rivals are reviewing their own strategies and
consolidation is predicted after Mr. Trujillo changed Telstra's
tune on offering wholesale services to rival telecom companies.
AAPT and Optus have talked about aggressive bargaining by
Telstra on voice and broadband resale, which includes the
removal of special deals previously made available to Telstra's
biggest wholesale customers.

Speculation of an AAPT sale, which was recently confirmed by its
parent Telecom Corp of New Zealand, was believed triggered by
Telstra's new focus on keeping customers to itself.

CONTACT:

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


TELSTRA CORPORATION: New World Wants Tie-up with Rival
------------------------------------------------------
Hong Kong cellular carrier New World Mobile Holdings Limited is
looking to forge a preliminary deal with Telstra Corporation,
which operates the rival CSL network in Hong Kong.

The Oriental Daily Newspaper reported Monday that Telstra's CSL
mobile arm and New World Mobile would set up a joint venture
company to be 75-percent held by CSL.

A combination of the two mobile carriers would make it Hong
Kong's largest cellular carrier by subscribers, with about 2.65
million subscribers and annual turnover of US$770 million.

In October, Telstra said it was considering merging CSL with
another operator. New World Mobile, one of two Hong Kong
carriers without a third-generation mobile license, said last
month that it was studying ways of integrating its network with
another local carrier's.    

New World Mobile shares have doubled in the past two months amid
tie-up expectations.


WORLD CLASS: Intends to Pay Dividend to Creditors
-------------------------------------------------
World Class Pty Limited will declare a first and final dividend
today, Nov. 15, 2005.

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 October 2005

Mathew Muldoon
Liquidator
SimsPartners
GPO Box 2217, Melbourne Vic 3001
Phone: 03 9600 2100
Fax:   03 9600 2400


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

ADDCORE DEVELOPMENT: Creditors, Members Meeting Fixed December 2
----------------------------------------------------------------
Addcore Development Limited (In Creditors' Voluntary
Liquidation) announced that a meeting of the members and
creditors' of the company will be held at 27th Floor, Alexandra
House, 16-20 Chater Road, Central, Hong Kong on December 2, 2005
at 10:30 a.m. and 11 a.m. respectively, for the purpose of
receiving an account of the liquidator's act and dealings and of
the conduct of the winding up of the company during the
preceding year of the respective liquidations.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and on a poll, vote instead
of him. A proxy need not be a member or creditor of the company.

Forms of proxies for both meetings must be lodged at 27th Floor,
Alexandra House, 16-20 Chater Road, Central, Hong Kong not less
than 24 hours before the respective meetings or any adjourned
meetings.

Dated this 11th day of November 2005

JACKY CW MUK
Joint and Several Liquidator


CHARMING UNION: Annual Meeting Slated for December 2
----------------------------------------------------
Charming Union Investments Limited (In Creditors' Voluntary
Liquidation) hereby gives notice that a meeting of the members
and creditors' of the company will be held at 27th Floor,
Alexandra House, 16-20 Chater Road, Central, Hong Kong on
December 2, 2005 at 11:30 a.m. and 12 a.m. respectively, for the
purpose of receiving an account of the liquidator's act and
dealings and of the conduct of the winding up of the company
during the preceding year of the respective liquidations.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and on a poll, vote instead
of him. A proxy need not be a member or creditor of the company.

Forms of proxies for both meetings must be lodged at 27th Floor,
Alexandra House, 16-20 Chater Road, Central, Hong Kong not less
than 24 hours before the respective meetings or any adjourned
meetings.

Dated this 11th day of November 2005

JACKY CW MUK
Joint and Several Liquidator


CHINA WAY: Issues Notice to Creditors to Prove Debts
----------------------------------------------------
China Way Properties Limited (In Liquidation) hereby gives
notice to creditors to prove their debts in the High Court of
the Hong Kong Special Administrative Court of First Instance.

Name of Liquidator: Stephen Liu Yiu Keung and Yeo Boon Ann

Registered Office of the above Companies and Liquidator's
Address: 18th Floor, Two International Finance Centre, 8 Finance
Street, Central, Hong Kong.

Last Date for Receiving Proofs: 16th December 2005
  
Dated this 14th day of November 2005

STEPHEN LIU YIU KEUNG
YEO BOON ANN
Joint and Several Liquidators


CIG PORTS: Net Loss Narrows to HK$6.09 Mln
------------------------------------------
CIG Yangtze Ports Plc reported a net loss of HK$6.09 million in
the January-September period, versus a net loss of HK$6.256
million a year earlier, Infocast News reports.

Loss per share (LPS) was HK$0.0266. No third quarter dividend
was declared.

The Group is principally engaged in the investment in and
development, operation and management of Phase I of the WIT
Port, which is located in Wuhan and along the mid-stream of the
Yangtze River in the PRC.

CONTACT:

CIG Yangtze Ports Plc
1604 Bank of America Tower
12 Harcourt Road Central
Hong Kong  


COSMO VISION: Court Appoints Liquidators
----------------------------------------
By an order of Master S. Kwang of the High Court of Hong Kong
Special Administrative Region dated August 16, 2005, Mr. Lee Sik
Wai Benjamin and Miss Luk Wai Yin Alice, both of Lee Sik Wai &
Co., of Rooms 2005-7, Bank Centre, 636 Nathan Road, Hong Kong,
have been appointed as the Joint and Several Liquidators of
Cosmo Vision Technology Company Limited without a Committee of
Inspection.

Dated this 11th day of November, 2005


EAST CHINA: Court Bans Former Director
--------------------------------------
The High Court of the Hong Kong Special Administrative Region
Court of First Instance has ordered on October 14, 2005, that
Ms. Kit Wan Doris (also known as To Kit Wan), the former
director of East China Security Limited (In Liquidation), shall
not, without leave of the court,

a) Be a director of a company

b) Be a liquidator of a company;

c) Be a receiver or manager of a company's property or

d) In any way, whether directly or indirectly, be concerned or
take part in the promotion, formation or management of a
company, for a period of 12 years effective from the beginning
of the 21st day after the date of the Order and that the costs
of the action including all costs previously reserved be to the
Official Receiver, to be taxed if not agreed.

And further take notice that you may obtain a sealed copy of the
Order from the Applicant free of charge at his below address
during office hours.

Dated this 11th day of November 2005.

The Official Receiver
The Applicant
The address of the Applicant is 10th Floor, Queensway Government
Offices,
66 Queensway, Hong Kong
Phone No.: 2867 2011
Fax No.: 3105 0435


ESSERY ESTATES: AGM Set for November 18
---------------------------------------
Essery Estates Limited hereby gives notice that the annual
general meeting of the Members of the company will be held at
Room 304, 29th Floor, Wing On Centre, 111 Connaught Road
Central, Hong Kong on 18th day of November 2005 at 2:30 p.m. and
will be followed by a meeting of the Creditors of the company to
be held at the same place at 3:15 p.m. for the purpose of having
an account laid before them showing the manner in which the
winding up of the company has been conducted and the properties
of the company disposed of, and of hearing any explanation that
may be given by the liquidator.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and on a poll, vote instead
of him. A proxy need not be a member or creditor of the company.

Forms of proxies for both meetings must be lodged at 29th Floor,
Wing On Centre, 111 Connaught Road Central, Hong Kong or via fax
at 2543 1051 no later than 4:00 p.m. on the day before the
meetings.

Dated this 11th day of November 2005

KONG CHI HOW, JOHNSON
Liquidator


GLOBAL DIGITAL: 9-Month Net Loss Widens to HK$52 Mln
----------------------------------------------------
Global Digital Creations Holdings Limited recorded a net loss of
HK$51.633 million for the nine months of 2005, versus a net loss
of HK$28.269 million a year earlier.

Earnings per share were HK$0.0645. No third quarter dividend was
declared.

The Group's business activities represent an integration of the
entire value chain in the digital content business, encompassing
creation, production (for its own projects and projects
contracted to it by third parties) and distribution of digital
content.

CONTACT:

Global Digital Creations Holdings Limited
6/F, Bank of East Asia Harbour View Centre
56 Gloucester Road, Wan Chai
Hong Kong  
Phone: 25791070  
Fax: 25791131  


INDUSTRIAL AND COMMERCIAL: Middle East Funds Eye Stake
------------------------------------------------------
The Chinese government plans to sell a US$1 billion stake in
Industrial and Commercial Bank of China (ICBC) to Abu Dhabi and
Kuwait Government investment funds to help strengthen ties with
oil producers, Xinahua News reports.

State-owned ICBC is in talks to sell shares to Abu Dhabi
Investment Authority and Kuwait Investment Authority, sources
said, asking not to be named because an agreement hasn't been
signed.

Kuwait Investment said in July 2004 it might open an office in
Shanghai or Hong Kong to study investment opportunities in
China, including those in banking and insurance.

CONTACT:

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


ORIENTAL OVERSEAS: Set to Wind Up Operations
--------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Oriental Overseas Maritime Services Limited (formerly known as
Brilliant Grand Limited) by the High Court of Hong Kong Special
Administrative Region was on November 3, 2005 presented to the
said Court by Fung Siu Kuen of Room 402, 4th Floor, Nan Fung
Tower, No. 173 Des Voeux Road Central, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 28, 2005.

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

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

CHAN, WONG & LAM
Solicitors for the Petitioner
Suites 2012-2013, 20th Floor
Two Pacific Place
No. 88 Queensway
Hong Kong
Phone: 2525 0350   
Fax: 2537 1031

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of December 27, 2005.


PROSPERITY INTERNATIONAL: Incurs HK$2.8 Mln 6-Month Net Loss
------------------------------------------------------------
Prosperity International Holdings (H.K.) Limited (8139) reported
a net loss of HK$2.753 million for the six months ended
September 30, versus a net loss of HK$3.087 million a year
earlier, according to Infocast News.

Loss per share (LPS) was $0.034. No second quarter dividend was
declared.  

The Group is engaged principally in the manufacture and sale of
decorative sheets, formally known as high-pressure laminates,
which are sold under its own brand name "Pearl" and "Waika". The
products are sold in the PRC, Hong Kong and other Asian
countries.

CONTACT:

Prosperity International Holdings (H.K.) Limited
10th Floor, Prosperity Industrial Building
89 Wai Yip Street, Kwun Tong
Kowloon, Hong Kong   
Phone: 27592618  
Fax: 27564884  


RIGHT MASTER: Issues Debt Claim Notice
--------------------------------------
Right Master Investments Limited hereby gives notice that the
Creditors of the abovenamed Company (In Member's Voluntary
Liquidation), which is being voluntarily wound up, are required
on or before December 9, 2005 to send their names, addresses and
descriptions, full particulars of their debts or claims, as well
as the names and addresses of their solicitors (if any) to the
Liquidators of the said Company.

If so required by notice in writing from the said liquidators to
prove their debts or claims at such time and place as shall be
specified in such notice.

In default thereof, they will deemed to waive all of such debts
or claims and the Liquidators will be entitled seven days after
the above date, to distribute the funds available or any part
thereof to the Members.

Dated this 11th day of November 2005

SUEN PUI YEE
IAIN FERGUSON BRUCE
Liquidators
8th Floor, Gloucester Tower
The Landmark
11 Pedder Street, Central
Hong Kong


TIANJIN TIANLIAN: Results Swing to RMB13.8 Mln Loss
---------------------------------------------------
Tianjin Tianlian Public Utilities Company posted a net loss of
RMB13.782 million for the period of January-September of 2005,
against a net profit of RMB8.777 million a year earlier, relates
Infocast News.

Loss per share (LPS) was RMB0.0139. No third quarter dividend
was declared.  

The Group will focus on the balanced development of various gas-
related businesses and make efforts to develop piped gas
markets. Continue to advance the research, evaluate, negotiate
and other work related to exiting projects.

CONTACT:

Tianjin Tianlian Public Utilities Company Limited
9th Floor, Gangao Tower
18 Zhengzhou Road
He Ping District
Tianjin PRC  


WISEWAYS INVESTMENT: Winding Up Hearing Set December 28
-------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Wiseways Investment Limited by the High Court of Hong Kong
Special Administrative Region was on November 3, 2005 presented
to the said Court by Fullfield Investment Limited whose
registered office is situate at 9th Floor, Central Building, No.
3 Pedder Street, Central, Hong Kong.  

The said Petition is directed to be heard before the Court at
9:30 a.m. on December 28, 2005.

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

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

CHAN, WONG & LAM
Solicitors for the Petitioner
Suites 2012-2013, 20th Floor
Two Pacific Place
No. 88 Queensway
Hong Kong
Phone: 2525 0350  
Fax: 2537 1031

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the abovenamed,
notice in writing of his intention to do so.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the abovenamed not
later than six o'clock in the afternoon of December 27, 2005.


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

NOIDA TOLL: Court OKs Scheme of Arrangement
-------------------------------------------
Noida Toll Bridge Company Ltd has informed the Exchange that the
Allahabad High Court has approved the Company's Scheme of
Arrangement under Section 391 of the Companies Act, 1956,
between the Company and its secured creditors, including the
Deep Discount Bond holders.

CONTACT:

Toll Plaza,
DND Flyway,
Opposite Sector 15 A,
Noida - 201301
Telephone 0120-2516438/6447
Fax 2516440
Web site: http://www.dndflyway.org


RANBAXY LABORATORIES: Wins 2 Patent Claims, Loses 1 in U.S.
-----------------------------------------------------------
Ranbaxy Laboratories Limited (Ranbaxy) announced that the U.S.
District Court for the District of Northern Illinois has ruled
for Ranbaxy on two patents and against Ranbaxy on a single claim
of a third patent. The court preliminarily enjoined Ranbaxy from
marketing its clarithromycin, one gram extended release product.

While this decision does not apply to the 500 mg ER product, the
court's ruling provided clear direction for the changes in
Ranbaxy's labeling to make both products noninfringing.  Ranbaxy
will be entering into discussions with FDA to amend its labeling
for the as-yet unapproved 500 mg ER tablet to remove language
that implicates the single claim at issue in the third patent.  
The judge's opinion will be taken into consideration in these
discussions with FDA and when amending the labeling for the 500
mg ER formulation such that Ranbaxy can launch the 500 mg ER
tablets immediately upon approval.

According to Malvinder M. Singh, President & Executive Director,
Ranbaxy, "The ruling on Clarithromycin 1000 mg ER does not
impact Ranbaxy's plan to introduce Clarithromycin 500 mg ER
which, subject to USFDA approval, remains on-course."

Clarithromycin tablets are indicated for the treatment of a wide
variety of bacterial respiratory tract infections, including
chronic bronchitis and acute maxillary sinusitis.

Ranbaxy Pharmaceuticals Inc. (RPI) based in Jacksonville,
Florida, is a wholly owned subsidiary of Ranbaxy Laboratories
Limited (RLL), India's largest pharmaceutical company.  RPI is
engaged in the sale and distribution of generic and branded
prescription products in the U.S. healthcare system.

Ranbaxy Laboratories Limited, headquartered in India, is an
integrated, research based, international pharmaceutical company
producing a wide range of quality, affordable generic medicines,
trusted by healthcare professionals and patients across
geographies.

Ranbaxy's continued focus on R&D has resulted in several
approvals in developed markets and significant progress in New
Drug Discovery Research. The Company's foray into Novel Drug
Delivery Systems has led to proprietary "platform technologies",
resulting in a number of products under development.  The
Company is serving its customers in over 100 countries and has
an expanding international portfolio of affiliates, joint
ventures and alliances, ground operations in 46 countries and
manufacturing operations in 7 countries.

CONTACT:

Ranbaxy Laboratories Ltd.
Plot No. 90, Sector 32
Gurgaon - 122001 (Haryana), India
Phone : +91-124-5135000
Fax : +91-124-5106490
E-mail: secretarial@ranbaxy.com
Web site: http://www.ranbaxy.com


SAVANDAPOOR FINANCE: RBI Cancels Certificate of Registration
------------------------------------------------------------
The Reserve Bank of India (RBI) has on November 2, 2005
cancelled the certificate of registration issued to Savandapoor
Finance & Leasing Co. Ltd., having its registered office at
No.109, Mill Road, Gobichettipalayam-638476, Tamilnadu for
carrying on the business of a non-banking financial institution
as the company has opted to exit from the business of non-
banking financial institution.

Under powers conferred by Section 45-IA (6) of the Reserve Bank
of India Act, 1934, the Reserve Bank can cancel the registration
certificate of non-banking financial company. The business of a
non-banking financial institutions is defined in clause (a) of
Section 45-I of the Reserve Bank of India Act, 1934.

CONTACT:

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


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

TELEKOMUNIKASI INDONESIA: Satellite Launch Faces Another Delay
--------------------------------------------------------------
The twice-delayed launch of two satellites for state
telecommunications firm PT Telekomunikasi Indonesia (Telkom) was
delayed again last week, this time due to technical problems,
reports Reuters News.

Officials of the Arianespace rocket launch company postponed a
mission to launch two commercial satellites via a European
Ariane-5 rocket in French Guiana last Nov. 12, 2005. According
to sources at the Guiana Space Center in Kourou, French Guiana
said that a launchpad problem had caused the delay, and that a
new launch attempt was expected within 24 hours.

The Ariane-5 rocket is set to launch two satellites, one for an
American telecommunications operator, and another, named Telkom-
2, for Telkom. The Telkom-2 will replace the Company's Palapa B4
satellite, which had expired two years ago.

CONTACT:

P.T. Telekomunikasi Indonesia (Persero)
Jalan Japati No 1
Bandung 40133
Indonesia
Phone: +62 22 452 1108
Fax:   +62 22 452 1408
Web site: http://www.telkom.co.id/


* Government Cuts Total Debt by 25%
-----------------------------------
The Indonesian government is aiming to reduce its foreign debt
to about 25% of its total debt, which would be safer for state
finances, Asia Pulse reports.

According to State Treasury Director General Mulia P. Nasution,
the state foreign exchange debt comprised 50% of its total debt
as of March 2005. Lowering the ratio would reduce the risk of an
increase in debt repayments every time the local currency
weakens.

Mr. Nasution did not say how the government would reduce its
foreign exchange debt ratio. He also added thatthe government
targets to keep debt below 60% if its gross domestic product
(GDP); Indonesia's debt currently stands at IDR1.28 trillion,
52% of its GDP.


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

MITSUBISHI MOTORS: DaimlerChrysler Sells 12.4% Equity Interest
--------------------------------------------------------------
DaimlerChrysler AG on Friday has agreed to sell its remaining
equity interest in Mitsubishi Motors Corporation (MMC).

DaimlerChrysler's shareholding in MMC is entered in the balance
sheet as a financial investment and currently amounts to 12.4%
of MMC's total capital stock. Due to the complete sale of its
shares in MMC, DaimlerChrysler's financial income in 2005 will
improve by approximately EUR 500 million.

Proceeds of the sale and the exact impact on financial income
will be published after closing, which will take place by the
end of November the latest.

The current cooperation projects of DaimlerChrysler and MMC will
not be affected by the disposal, and will continue as previously
agreed. Some examples of such projects are the joint development
and production of engines, the shared use of vehicle
architecture and the joint production of passenger cars, sports
utility vehicles and pickup trucks in Europe, North America,
China and South Africa.

In addition, DaimlerChrysler and MMC plan to renew and extend
current projects, which are mutually beneficial.

Last week, Dr. Rudiger Grube resigned from his position on the
Board of Directors of Mitsubishi Motors Corporation.

The MMC shares offered have not been registered under the
Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an applicable exemption
from registration requirements.

This is a company press release.

CONTACT:

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

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


MITSUBISHI MOTORS: Issues Shares Transfer
-----------------------------------------
Mitsubishi Motors Corporation announced that the following
transfer of shares occurred on November 14, 2005.

1. Sale of stake

Goldman Sachs International, a major shareholder in Mitsubishi
Motors Corporation (MMC) announced on November 14 that it will
sell 548,152,000 MMC shares. With this sale, Goldman Sachs
International ceases to be a major MMC shareholder. Details are
as follows:

2. Party involved

Name Goldman Sachs International
Head Office Peterborough Court, 133 Fleet Street, London EC4A
2BB UK
Representative Patrick J. Ward
Main Operations  Securities

3. Number of shares held, ownership percentage, and shareholders
rank

Goldman Sachs Int'l Shares Held Ownership Percentage Rank

Pre-sale          593,857,149     13.45%    No. 1
Post-sale          45,705,149      1.04%    No. 7

4. Date of transaction

November 14, 2005

CONTACT:

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

Goldman Sachs Intl Equity Instl
4900 Sears Twr C/O Goldman Sachs & Co Chicago IL 60606
Phone: 800-526-7384

This is a company press release.


MITSUBISHI MOTORS: Issues Comment Re Sale of Daimler Stake
----------------------------------------------------------
Although capital ties between Mitsubishi Motors Corporation
(MMC) and DaimlerChrysler AG (DC) will be dissolved as a result
of the sale, ongoing individual alliance projects are
progressing smoothly.

Those projects include joint development and production of
engines, the shared use of vehicle architecture, and the joint
production of passenger vehicles.

MMC will maintain the relationship with DC as business partners
where both parties continue working on individual alliance
projects that are mutually beneficial.

Also, Dr. Rudiger Grube, who has been dispatched from DC, has
resigned from his position as non-executive Member of the Board.

This is a company press release.


MITSUBISHI MOTORS: Stock Down 12% on DaimlerChrysler Sale
---------------------------------------------------------
Shares of Mitsubishi Motors Corporation fell 12 percent on
Monday after DaimlerChrysler AG sold its entire 12.4 percent
stake and ended a five-year investment in the ailing Japanese
automaker, Bloomberg News reports.

The report said Goldman Sachs Group Inc., which bought
DaimlerChrysler's 548.15 million Mitsubishi Motors shares, sold
the entire stake to unidentified investors.

Losing DaimlerChrysler may increase the volatility of the shares
of Mitsubishi Motors, said Mizuho Investors Securities Co.'s
analyst Atsushi Kawai.

DaimlerChrysler expects to book a gain of about 500 million
euros ($585 million) on the sale of its Mitsubishi Motors stake.

Goldman Sachs still owns 1.04 percent of Mitsubishi Motors after
selling the stake it bought from DaimlerChrysler.


SANYO ELECTRIC: May Halt Plasma TV Ops
--------------------------------------
Sanyo Electric Co. may withdraw from the display apparatus and
plasma television businesses because of their low profitability,
TV Bloomberg reports, citing the Sankei newspaper.

The company will concentrate on the home electric appliances
business to increase revenue, it said.

The company said it would transfer 400 of its managers in Japan,
or 10 percent of the total, to affiliated companies to cut
costs.

Sanyo in July announced a business plan that included cutting
14,000 jobs, or 15 percent of its workforce, over three years.

CONTACT:

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


SOFTBANK CORPORATION: Eyes Local Web TV Market
----------------------------------------------
Softbank Corporation is set to form a partnership with Taiwanese
content service providers to venture into the booming Internet
TV market, Taipei Times reports.

The company is in discussion with local companies, including TV
stations, digital content providers, record companies,
broadcasting firms and production houses for possible
cooperation.

According to the report, Taiwan Television Enterprise Ltd is one
of the domestic companies showing a high interest in partnering
with Softbank.

The service, which will launch in Japan next spring, will have
strategic bases in Tokyo, Taipei, Beijing, Shanghai and Seoul,
it said.

The Internet investor made a more pronounced turnaround at the
top line, posting operating profit of JPY4.4 billion, reversing
a loss of JPY6.79 billion a year earlier.

CONTACT:

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


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

HANARO TELECOM: Unveils Resolution on Approval of Merger
--------------------------------------------------------
Hanaro Telecom Inc. issued to the U.S. Securities and Exchange
Commission details of its Third Quarter Earnings Release.

(1) Date & Venue:

- November 14, 2005, 16:00,

- Hanarotelecom Incorporated (Head Office)

(2) Participants: Institutional investors and analysts

(3) Objectives: To announce third quarterly earnings for the
year 2005

(4) The earnings release will be conducted via conference call

(5) Contents (Summary): 3Q 2005 Earnings Highlights, Q&A Session

(6) Others:

- The conference call will be conducted in Korean, followed by
the English translation.

The announcement is subject to rescheduling due to the change in
company's circumstances and the Company will file a public
disclosure on the change.

Board Resolution on Approval of the Small-scale Merger with
Korea Thrunet Co., Ltd.

(1) Date of BOD resolution: November 7, 2005

(2) Agendum of BOD: Approval of the Small-scale Merger with
Korea Thrunet Co., Ltd

(3) Major points:

(a) Objective of the merger

- To maximize synergy effect by enhancing management efficiency

- To strengthen competitiveness in the broadband Internet market

(b) Method of the merger:

- Merger between hanarotelecom incorporated (the surviving
company) and Korea Thrunet Co. Ltd. (the merged company)

(c) Merger Ratio: 1:0.3570308

(d) Date of Merger: January 1, 2006

(e) Agreement of Merger signed on September 22, 2005

(4) Opposition to small-scale merger

- Number of shareholders opposed to small-scale merger: 2,679
shareholders

- Number of shares owned by shareholders opposed to small-scale
merger: 3,108,530 shares (0.67% of the total issued shares)

(5) Replacement of the resolution of a general meeting of
shareholders with a BOD resolution

- In accordance with the provisions of Article 527-3 of the
Commercial Act, the resolution of a general meeting of
shareholders for approval of the small-scale merger shall be
replaced by a BOD resolution, as the shares owned by the
shareholders opposed to small-scale merger accounts for less
than 20% of the outstanding shares and thus the merger with
Korea Thrunet Co. Ltd. constitutes a small-scale merger.

Dissolution of Investee Company

(1) Details of Investee Company

- Korea Thrunet Co., Ltd.

- Representative Director: Mr. Kwon, Soon Yub

- Relationship with the Company: Affiliate

- Capital stock: KRW257,836,065,000 (as of the end of June,
2005)

- Major business: Voice telephony, broadband Internet access,
wireless telecommunications service, etc.

(2) Investment amount (A): KRW 280,098,766,082

- Capital stock (B): KRW 2,310,675,900,000

- A/B: 12.12%

(3) Number of shares held: 99,240,000 shares (as of the filing
date)

- Shareholding ratio: 96.2%

(4) Reason for dissolution: Thrunet will be merged with the
Company

(5) Date of dissolution: November 7, 2005

(6) Effects on the Company:

- Thrunet will be dissolved once Thrunet is merged with the
Company.

- Dissolution will maximize synergy effect by enhancing
management efficiency, as well as strengthen competitiveness in
the broadband Internet market.

(7) Future plan: Merger to be completed on January 1, 2006

(8) Large-scale Corporation Rules applicable: Yes

(9) Others:

- Date of dissolution is the same as the date of BOD resolution
for the merger

CONTACT:

Hanaro Telecom, Inc. (NASDAQ: HANA)
Shindongah Fire & Marine Insurance Bldg. 43,
Taepyeongno2-Ga, Jung-Gu
Seoul, 100-733, South Korea
Phone: +82-106
Fax: +82-2-6266-4399
Web site: http://www.hanaro.com


HANARO TELECOM: Posts Turnaround in Operating Profit
----------------------------------------------------
Hanaro Telecom unveiled to the U.S. Securities and Exchange
Commission its third-quarter results for 2005.

-- Hanarotelecom records KRW361.7 billion in revenues, KRW15.0
billion in operating profit and KRW16.5 billion in net losses in
the third quarter of the year 2005.

-- The company achieves improvement in operating results by
reducing marketing expenditure and increasing revenues.

-- The company will focus on enhancing profitability through
continuous network upgrade and business rationalization.

Hanarotelecom incorporated (KOSDAQ: 033630) (NASDAQ: HANA)
(Hanaro), Korea's leading integrated telecommunications company
providing a broad range of broadband Internet and voice
services, announced its third-quarter results for 2005.

The company stated that it posted revenues of KRW361.7 billion
and EBITDA of KRW129.0 billion, and as a result of increased
revenues and reduced marketing expenditure, achieved a
turnaround by posting operating profit of KRW15.0 billion.

Due to continuous growth in value added services of broadband
and Internet telephony (VoIP), revenues grew 2.2 percent (q-q),
EBITDA grew 18.9 percent (q-q), and posted EBITDA margin of 35.7
percent, a 5.0 percentage point increase from the second
quarter. Accordingly, net losses narrowed to KRW16.5 billion
from KRW33.2 billion in the previous quarter.

Also, due to ongoing efforts towards churn prevention, marketing
expenditure fell about 23 percent and broadband churn rate fell
0.3 percentage point to 1.5 percent from the previous quarter.

Refer to Table - 3Q 2005 Financial Highlights

Click to view table of the Third Quarter Financial Highlights
http://bankrupt.com/misc/HanaroTelecom111305.pdf

In a strategic bid to enhance service competitiveness via
network upgrades, the Company made significant investments in
100Mbps fiber-optic LAN services similar to FTTH (Fiber To The
Home) from the beginning of this year, which led to Optical LAN
coverage that encompasses 3,200 apartment complexes and 1.90
million households (about 40% of the complex coverage), and
secured the accumulated net add of about 320,000 subscribers for
its Optical LAN service.

Last September, Hanaro decided to continually pursue business
rationalization plans in a bid to revamp operations by
reorganizing the company with a main focus on service/sales
functions, while streamlining its support functions.

Mr. Dominic A. Gomez, Chief Operating Officer, said, "By
leveraging the consolidated subscriber base that encompass about
3.7 million broadband subscribers, we will strengthen our
service competitiveness by providing bundled and differentiated
services incorporating broadband, voice and value added services
to our current subscribers." He also added, "At the same time,
we will enhance profitability by expanding the proportion of our
own networks and streamlining sales channels."


LG CARD: ReD Offers PRISM Fraud Detection Software License
----------------------------------------------------------
Retail Decisions (ReD), the fuel card operator and a world
leader in card fraud prevention and payment processing,
announced in a press release that it has signed an agreement to
license its leading edge PRISM fraud detection software to LG
Card (LG), the largest credit card company in Korea with 9.5
million cardholders and KRW10.7 trillion (5.8 Billion pounds
sterling) in managed assets.

The PRISM fraud detection software offers LG's customers with a
comprehensive real time detection system that manages and
controls fraud.

ReD's PRISM neural technology comprises a full suite of fraud
detection applications; tailored to each client. PRISM provides
predictive fraud detection for credit, debit and private label
cards as well as for retail fraud, e-commerce transactions and
money laundering. ReD's intelligent software enables its clients
to predict, prevent, track and understand new patterns of fraud
and to create strategies to combat fraud as it evolves.

ReD has teamed up with Unisys, the worldwide information
technology services and solutions company, to install the PRISM
software into LG Card's IT system.

Carl Clump, Chief Executive of ReD said:

"We are delighted with LG Card's decision to use PRISM. LG Card
is one of the largest card issuers in the world and is also
rapidly growing its card base. PRISM's inherent flexibility will
give LG tailored solutions to protecting its customers and
investments from increasingly sophisticated fraud schemes."

"The partnership with Unisys allows us to offer a fully
integrated localized solution, while LG benefits from our global
experience in fraud prevention. We believe that this new
contract win is a true testament to ReD's global stature in the
payments space."

Mr. Jeon, Myung Chull, Director of LG Card Co. Ltd said:

"As an organization that is expanding its customer base and its
global presence, our focus is on customer service and operations
reliability. In line with our corporate philosophy of "creating
value for our customers" the Unisys-ReD offer represented the
best value for LG Card. Unisys has a long and proven track
record for delivering solutions that are fully integrated with
our environment. ReD's PRISM product has an established
reputation for dramatically reducing fraud losses, enhancing
customer communications and improving operational efficiency."

Mr. Kang, Se Hoh, Vice President & General Manager of Unisys
Korea Ltd. said:

"Unisys is constantly evaluating partners that offer the best-
of-breed solutions. We selected ReD's PRISM product line because
of its excellent customer references and top-notch professional
services. LG Card's selection of PRISM validates our choice of
ReD as the premier partner in providing card security
solutions."

ABOUT ReD

Retail Decisions (ReD) is an operator of fuel cards and a world
leader in card fraud prevention and payment processing.

ReD is international -- based in the UK, US, Australia and South
Africa with representation in Japan and South America -- and has
over 17 years experience in the fraud prevention market.

ReD is a niche supplier to the payments industry worldwide and
is a recognised industry leader with a blue-chip international
client base. ReD's customers come from the telecommunications,
retail, travel, petroleum, banking and the broader e-commerce
sectors.

ReD's international blue-chip clients include: Wal-Mart, Macy's,
Bloomingdale's, Tesco, Texaco, Shell, Asda, Comet, Travelocity,
T-Mobile and Virgin Mobile.

ReD has Fuel Card Operations in Australia, the UK and Europe.

In Australia, ReD's Fuel Card operation is the largest multi-
branded card business in that region. 'Multi-branded' -- can be
used in more than one brand of filling station. ReD's cards are
accepted at almost all of the 6,500 fuel stations throughout
Australia and at around 8,250 other outlets that provide
services for business drivers.

In the UK and Europe, ReD's fuel card business is the UK's
second largest operator in the independent fuel card and
'bunkering' sector by fuel volume with over 65,000 cards in
issue and around 6,300 live customer accounts. Clients include
DHL, Norfolk Line and P&O Ferry Masters, amongst others.

ReD's Fraud Prevention Operation provides services that maximize
the transactions that can be safely accepted (i.e. maximizes
profits) while minimizing a client's exposure to fraud. It also
dramatically reduces in- house fraud checking costs. ReD
currently protects over 50,000 points of sale globally.

ReD's market for Fraud Prevention services is split into three
areas:

(1) Card Present (CP) eg in-store purchases;

(2) Card Not Present (CNP) eg cards accepted over the Internet
by telephone, mail order or via interactive TV and;

(3) Non-Card eg cheque payments. The major growth area for ReD
is CNP, which is growing at 50 percent p.a. organically in
transaction volumes.

ReD's Payment Processing Operation involves connecting global
clients electronically with the international banking & payment
communities. ReD's payment processing portfolio includes in-
house systems and outsourced payment gateway services.

About LG Card

Starting out in 1988 with 140,000 cardholders, LG Card has since
grown to encompass 9.5 million cardholders, over 2,000 regular
employees and KRW10.7 trillion in managed assets as of June 30,
2005. Embracing the corporate philosophy of creating value for
customer, LG Card has consistently put the customer first,
continuously developing innovative products and services to meet
the customers' changing needs.

In 1998, LG Card entered into the installment finance and
leasing business to become Korea's first diversified and
comprehensive credit finance firm. Basing its strength on
superior marketing capabilities and Credit Risk Management along
with advanced IT infrastructure, LG Card is now the leading
mono-line credit card company in Korea. For more information
regarding LG Card, visit http://www.lgcard.com.

About Unisys Korea Ltd

Unisys is a worldwide information technology services and
solutions company. Our people combine expertise in consulting,
systems integration, outsourcing, infrastructure and server
technology with precision thinking and relentless execution to
help clients, in more than 100 countries, quickly and
efficiently achieve competitive advantage. 1971, Unisys started
its business in Korea, and since then it has been growing as a
leading company of IT business area by introducing and providing
its cutting-edge technology.

Currently Unisys provides end-to-end IT services for more than
100 listed major Korean companies -- especially financial
services firms. For more information, please visit
http://www.unisys.co.kror http://www.unisys.com.

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
===============

AFFIN HOLDINGS: Bourse to List, Quote New Shares
------------------------------------------------
Affin Holdings Berhad advised that its additional 133,000 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., Tuesday, November 15, 2005.

CONTACT:

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


ANCOM BERHAD: Buys Back Ordinary Shares
---------------------------------------
Ancom Berhad issued to Bursa Malaysia Securities Berhad a notice
of shares buy back with the following details:  
   
Date of buy back: November 12, 2005

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

Total number of shares purchased (units): 136,500

Minimum price paid for each share purchased (MYR): 0.685

Maximum price paid for each share purchased (MYR): 0.700

Total consideration paid (MYR):  

Number of shares purchased retained in treasury (units): 136,500

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

Cumulative net outstanding treasury shares as at to-date
(units): 16,980,400

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

CONTACT:

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


ANTAH HOLDING: Releases Monthly Update on Default
-------------------------------------------------
Antah Holding Berhad submitted to Bursa Malaysia Securities
Berhad a monthly status report on default in payment pursuant to
Practice Note 1/2001 of Bursa Malaysia Securities Berhad Listing
Requirements.

Further to the announcement on October 4, 2005, Antah Holdings
Berhad issued an update on the details of the various credit
facilities in default to the financial institutions as at
October 31, 2005, details of which are as per attached.

Click to view details of payment default to facilities
http://bankrupt.com/misc/AntahHoldingsLoanDefaulted.xls

This announcement is dated 11 November 2005.

CONTACT:

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


BOUSTEAD HOLDINGS: New Shares Up for Listing, Quotation
-------------------------------------------------------
Boustead Holdings Berhad advised that its additional 78,000 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., Tuesday, November 15, 2005.

CONTACT:

Boustead Holdings Berhad
18th Floor, Menara Boustead,
69 Jalan Raja Chulan,
50200 Kuala Lumpur
Telephone: 03-2141 9044
Fax: 03-21430075
Web site: http://www.boustead.com.my


DAI HWA: Bourse to Suspend Trading of Securities
------------------------------------------------
Dai Hwa Holdings (Malaysia) Berhad (Dai Hwa) refers to the
announcement made by K & N Kenanga Bhd (Kenanga) on behalf of
Dai Hwa on September 14, 2005 wherein it was announced that Dai
Hwa had on September 14, 2005 submitted an application to Bursa
Malaysia Securities Berhad (Bursa Securities) for an extension
of time of six (6) months to March 13, 2006 make a new requisite
announcement setting out a new regularization proposal for Dai
Hwa to comply with PN 10 requirements (Application).

Dai Hwa informed that Bursa Securities had vide a letter dated
November 10, 2005 rejected the Application and has imposed a
suspension on the trading of securities of Dai Hwa pursuant to
paragraphs 8.16 and 16.02 of the Listing Requirements of Bursa
Securities (Listing Requirements).

Trading of securities of the Company shall be suspended with
effect from 9:00 a.m., Friday November 18, 2005 until further
notice.

In addition, Bursa Securities had in a separate letter dated
November 10, 2005 notified the Company that it is required to
make written representations to Bursa Securities within 14 days
on why its securities should not be removed from the Official
List of Bursa Securities. In the said letter, Bursa Securities
had also informed the following:

(a) In the event Bursa Securities decides to de-list the
Company, the securities of the Company shall be removed from the
Official List of Bursa Securities upon the expiry of 14 days
from the date of notification of the decision to de-list the
Company, or upon such date as may be specified by Bursa
Securities; and

(b) In the event Bursa Securities decides not to de-list the
Company, other appropriate action / penalty(ies) may be imposed
pursuant to paragraph 16.17 of the Listing Requirements.

In respect of the above, the Company is earnestly working
towards a regularization plan and will be submitting its written
representations to Bursa Securities within 14 days of November
10, 2005 on why its securities should not be removed from the
Official List of Bursa Securities.

This announcement is dated 11 November 2005.

CONTACT:

Dai Hwa Holdings (Malaysia) Bhd   
Suite 14A2, Level 14, Menara Ansar, 65,
Jalan Trus, Johor Bahru Johor 80000
Malaysia
Telephone: 07-2241035   
Fax: 07-2210891


HAP SENG: Holds Shares Buy Back
-------------------------------
Hap Seng Consolidated Berhad issued to Bursa Malaysia Securities
Berhad a notice of shares buy back with the following details:

Date of buy back: November 11, 2005

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

Total number of shares purchased (units): 31,000

Minimum price paid for each share purchased (MYR): 2.030

Maximum price paid for each share purchased (MYR): 2.090

Total consideration paid (MYR): 65,048.15

Number of shares purchased retained in treasury (units): 31,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 33,740,500

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

CONTACT:

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


I-BERHAD: Issues Notice of Shares Buy Back
------------------------------------------
I-Berhad furnished Bursa Malaysia Securities Berhad a notice of
shares buy back with the following details:
   
Date of buy back: November 11, 2005

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

Total number of shares purchased (units): 1,000

Minimum price paid for each share purchased (MYR): 1.100

Maximum price paid for each share purchased (MYR): 1.100

Total consideration paid (MYR): 1,114.44

Number of shares purchased retained in treasury (units): 1,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 3,584,900

Adjusted issued capital after cancellation (no. of shares)
(units):  
   
This announcement is dated 11 November 2005.

CONTACT:

I-Berhad
3, Jalan Astaka U8/84
Section U8, Bukit Jelutong
40150 Shah Alam
Selangor, Malaysia
Phone: 03-7845 4511
Fax: 03-7845 4514
Web site: http://www.i-digital.com


KIG GLASS: Bourse Imposes Fine for Non-Compliance to Rules
----------------------------------------------------------
On November 11, 2005, Bursa Malaysia Securities Berhad (Bursa
Securities) publicly reprimanded and imposed a fine of MYR8,750
on KIG Glass Industrial Berhad (KIG) for breach of paragraph
9.22(1) of the Bursa Securities LR.

Paragraph 9.22(1) of the Bursa Securities LR states that a
listed issuer must give Bursa Securities for public release, an
interim financial report that is prepared on a quarterly basis,
as soon as the figures have been approved by the board of
directors of the listed issuer, and in any event not later than
two months after the end of each quarter of a financial year.

KIG has breached paragraph 9.22(1) of the Bursa Securities LR
for failure to submit its quarterly report for the financial
period ended June 30, 2005 (Second Quarter June 2005) to Bursa
Securities for public release on or before August 31, 2005.
However, the Company only furnished the Second Quarter June 2005
to Bursa Securities for public release on September 9, 2005.

The public reprimand and fine were imposed pursuant to paragraph
16.17 of the Bursa Securities LR after taking into consideration
various relevant factors.

Bursa Securities views the above contravention seriously and has
cautioned the Company and its Board of Directors on their
responsibility to maintain appropriate standards of corporate
responsibility and accountability in order to achieve greater
disclosure and transparency to its shareholders and the
investing public.

CONTACT:

KIG Glass Industrial Berhad
PLO 340 Jalan Perak 4
81707 Pasir Gudang, Johor Darul Ta'zim 80400
Malaysia
Telephone: +60 7 251 5282 / +60 7 251 5278


LANKHORST BERHAD: Failure to Submit FS Entails Delisting
--------------------------------------------------------
Lankhorst Berhad (LB) issued to Bursa Malaysia Securities Berhad
an announcement on the status of the issuance of the outstanding
prescribed financial statements.

(1) Introduction

On September 29, 2005, Bursa Malaysia Securities Berhad (Bursa
Securities) made amendments to the Bursa Securities Listing
Requirements (BSLR), which gives effect to a new policy for
enforcement in relation to delays in issuance of financial
statements that is incorporated under paragraph 9.26 of the
BSLR.

The Exchange advised that the Company has not submitted:

(a) The 4th Quarter Results for period ended December 31, 2004
(QR4-04);

(b) The annual audited accounts (AAA) for the financial year
ended December 31, 2004;

(c) The 1st Quarter Results for period ended March 31, 2005
(QR1-05); and

(d) The 2nd Quarter Results for period ended June 30, 2005 (QR2-
05)

(collectively referred to as the Prescribed Financial
Statements) as at the date of this announcement.

(2) Obligations of LB pursuant to paragraph 9.26 of the LR &
Reasons for Delay

In compliance with the provisions of paragraph 9.26 (3) (b) of
the BSLR, the Company makes this announcement on the aforesaid
failure to submit the Prescribed Financial Statements.

The failure to submit the Prescribed Financial Statements was
due to the reorganization of the Company and now the auditors
are attending to the audit.

- The QR4-04, QR1-05 and QR2-05 shall be released by today
(November 11, 2005)

- The tentative timeline in respect of the steps taken or
proposed to be taken to achieve the issuance of the AAA for the
financial year ended December 31, 2004 is as follows:

Description Timeline Status

(i) Expected completion of audit: Mid-December 2005 On going

(ii) Finalizing and signing of AAA: End-December 2005 To be
achieved

(iii) Issuance of Notice of AGM (including AAA): End-December
2005 To be achieved

(3) Consequences of Non-Compliance with the Obligations under
BSLR

As a consequence of the non-compliance of the BSLR under
paragraph 9.23, Bursa Malaysia Securities Berhad may take action
against LB including the possibility of delisting.

This announcement is dated 11th November 2005

CONTACT:

Lankhorst Berhad
5th Floor, Bangunan Umno Selangor
Persiaran Perbandaran , Section14
40000 Shah Alam
Selangor, Malaysia
Phone: 03-50313030
Fax: 03-50313036


LANKHORST BERHAD: Warrant Expires December 8
--------------------------------------------
Lankhorst Berhad advised the following to Bursa Malaysia
Securities Berhad:

(i) LANKHOS' Warrants will expire at 5:00 p.m., on Thursday,
December 8, 2005.

(ii) LANKHOS' Warrants will be removed from the Official List of
Bursa Securities with effect from 9:00 a.m., Friday, December 9,
2005.


LANKHORST BERHAD: Incurs Net Loss in 4Q/FY04
--------------------------------------------
Lankhorst Berhad furnished Bursa Malaysia Securities Berhad its
unaudited Fourth Quarter Report for the Financial Year Ended
December 31, 2004.  

Summary of Key Financial Information
December 31, 2004
         
        Individual Period              Cumulative Period
    Current Year  Preceding Year  Current Year   Preceding Year
    Quarter       Corresponding   to Date        Corresponding
                  Quarter                        Period  

    31/12/2004    31/12/2003      31/12/2004    31/12/2003
    MYR'000       MYR'000     MYR'000       MYR'000  

(1) Revenue  

    22,277        55,368          56,879        122,450

(2) Profit/(loss) before tax  

    -9,559         -4,862         -13,588       -3,329

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

    -5,993         -4,207         -10,030       -2,919

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

    -5,993         -4,207         -10,030       -2,919

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

    -14.50         -10.50          -24.30        -7.30

(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)  

    0.0100                     0.2300

To view a full copy of the financial statement, click
http://bankrupt.com/misc/LankhortsBerhadQR404.doc


LANKHORST BERHAD: Bourse Unveils Breached Provisions
----------------------------------------------------
On November 11, 2005, Bursa Malaysia Securities Berhad (Bursa
Securities) publicly reprimanded and imposed a fine of
MYR155,000 on Lankhorst Berhad (LANKHOS) for breach of
paragraphs 2.19, 9.19(19) and 9.23(a) of the Bursa Securities
LR.

The said fine of MYR155,000 comprised of MYR25,000 for breach of
paragraph 9.19(19) of the Bursa Securities LR and MYR130,000 for
breach of paragraph 9.23(a) of the Bursa Securities LR.

Paragraph 2.19 of the Bursa Securities LR states that Bursa
Securities may from time to time, issue any instruction or
directive to or impose any condition on an applicant, a listed
issuer, a management company, a trustee, its directors,
officers, employees, advisers or any other person to whom these
Requirements are directed and such person as aforesaid must
comply with the said instruction, directive or condition within
such time as may be specified by Bursa Securities.

Paragraph 9.19(19) of the Bursa Securities LR states that a
listed issuer must make immediate announcements to Bursa
Securities of any commencement of winding-up proceedings against
the listed issuer or any of its subsidiaries or major associated
companies.

Paragraph 9.23(a) of the Bursa Securities LR states that a
listed issuer must ensure that the annual report shall be issued
to the listed issuer's shareholders and given to Bursa
Securities within a period not exceeding six months from the
close of the financial year of the listed issuer.

LANKHOS has breached the following provisions of the Bursa
Securities LR:

(i) Paragraph 2.19 for failure to comply with the directive of
Bursa Securities to furnish information in respect of two
winding-up petitions on Lankhorst Pancabumi Contractors Sdn Bhd
(LPCSB), a wholly owned subsidiary company of LANKHOS, appearing
in the STAR on March 24, 2005 and April 6, 2005 respectively;

(ii) Paragraph 9.19(19) for failure to make immediate
announcements when two winding-up petitions were served on LPCSB
by Woun Hin Sdn Bhd and Oka Concrete Industries Sdn Bhd on
October 7, 2004 and February 12, 2005 respectively. LANKHOS only
made the announcements on the two petitions to Bursa Securities
for public release on July 5, 2005; and

(iii) Paragraph 9.23(a) for not issuing the Company's annual
report for the financial year ended December 31, 2004 (AR 2004)
on or before June 30, 2005. As at todate, LANKHOS has yet to
issue the AR 2004.

The public reprimand and fine were imposed pursuant to paragraph
16.17 of the Bursa Securities LR after taking into consideration
various relevant factors including the fact that LANKHOS had
previously breached the Bursa Securities LR.

Bursa Securities further directed LANKHOS to issue the AR 2004
within one (1) month from the date hereof.

Previous Public Reprimands

(i) On July 2, 2004, LANKHOS was publicly reprimanded by Bursa
Securities for breach of paragraph 9.19(19) of the Bursa
Securities LR for failure to make an immediate announcement when
a winding-up petition was served on LPCSB on February 26, 2004.
The Company only made the announcement on the petition on March
25, 2004.

(ii) On March 11, 2005, LANKHOS was publicly reprimanded by
Bursa Securities for breach of paragraph 9.19(19) of the Bursa
Securities LR for failure to make an immediate announcement when
a winding-up petition was served on LPCSB on October 29, 2004.
The Company only made the announcement on the petition on
November 8, 2004.

(iii) On May 9, 2005, LANKHOS was publicly reprimanded by Bursa
Securities for breach of paragraph 9.19(19) of the Bursa
Securities LR for failure to make an immediate announcement when
a winding-up petition was served on LPCSB on February 15, 2005.
The Company only made the announcement on the petition on
February 21, 2005.

(iv) On June 24, 2005, LANKHOS was publicly reprimanded and
fined MYR151,000 by Bursa Securities for breach of the following
provisions of the Bursa Securities LR:

(a) Paragraph 9.19(19) for failure to make immediate
announcements when two winding-up petitions were served on LPCSB
by Reinforced Earth Management Services Sdn Bhd and Mudajaya
Corporation Berhad on December 4, 2004 and February 16, 2005
respectively. LANKHOS only made the announcements on the two
petitions to Bursa Securities for public release on March 18,
2005; and

(b) Paragraph 9.22(1) for not submitting the Company's quarterly
report for the quarter ended December 31, 2004 to Bursa
Securities for public release on or before February 28, 2005.

(v) On August 1, 2005, LANKHOS was publicly reprimanded and
fined MYR126,000 by Bursa Securities for breach of paragraph
9.23(b) of the Bursa Securities LR for not submitting the
Company's annual audited accounts for the year ended December
31, 2004 to Bursa Securities for public release on or before
April 30, 2005.

(vi) On September 9, 2005, LANKHOS was publicly reprimanded and
fined RM130,000 by Bursa Securities for breach of paragraph
9.22(1) of the Bursa Securities LR for not submitting the
Company's quarterly report for the quarter ended 31 March 2005
to Bursa Securities for public release on or before 31 May 2005.

Bursa Securities views the above contraventions seriously and
hereby cautions the Company and its Board of Directors on their
responsibility to maintain appropriate standards of corporate
responsibility and accountability in order to achieve greater
disclosure and transparency to its shareholders and the
investing public.


LION CORPORATION: Parties Extend Conditional Period for 3 Months
----------------------------------------------------------------
Lion Corporation Berhad (LCB) provided Bursa Malaysia Securities
Berhad with an update to the proposed acquisition by LCB through
Lion General Trading & Marketing (S) Pte Ltd, a wholly owned
subsidiary of LCB, of the entire issued and paid-up share
capital of Lion Plate Mills Sdn Bhd (LPM) comprising 10,000
ordinary shares of MYR1.00 each in LPM for a purchase
consideration of MYR70,000,000 (the proposed LPM Acquisition).

The company refers to the announcements dated November 25, 2004
and May 25, 2005 by K&N Kenanga Berhad (Kenanga) on behalf of
the Company in relation to the Proposed LPM Acquisition (the
Announcements).

It was stated in the Announcements that the Company had on
November 25, 2004 entered into a conditional sale and purchase
of shares agreement in relation to the Proposed LPM Acquisition
(Agreement).

The completion of the Agreement is conditional upon the
fulfillment of conditions precedent within a period of six (6)
months from the date of the Agreement (or such longer period as
the parties to the Agreement may mutually agree upon in writing)
(Conditional Period). On May 24, 2005, the Conditional Period
was extended for a period of six (6) months from May 25, 2005 to
November 24, 2005.

On behalf of the Company, Kenanga advised that the parties to
the Agreement had on November 11, 2005, mutually agreed in
writing to further extend the Conditional Period by another
three (3) months from November 25, 2005 to February 24, 2006.

This announcement is dated 11 November 2005.

CONTACT:

Lion Corporation Berhad
165 Jalan Ampang
50450 Kuala Lumpur, Kuala Lumpur 50450
Malaysia
Telephone: +60 3 2162 2155 / +60 3 2162 3448


UNITED CHEMICAL: Details Payment Default to Facilities
------------------------------------------------------
The Board of Directors of United Chemical Industries Berhad
(UCI) informed Bursa Malaysia Securities Berhad that further to
the announcement made on October 13, 2005, there are no new
significant developments in relation to the various default in
payment.

The Board of Directors of UCI further provided an update on the
details of all facilities currently in default in compliance
with Section 3.1 of Practice Note No.1/2001.

Click to view details as per Table A
http://bankrupt.com/misc/UnitedChemical111105.xls

This announcement is made on 11 November 2005.

CONTACT:

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


WAH SEONG: FIC OKs Units' Acquisition Proposal
----------------------------------------------
Wah Seong Corporation Berhad provided Bursa Malaysia Securities
Berhad with an update to the Shares Sale Agreement (SSA) between
Teh Kian Chong, Foong Peng Foo and Yap Chin Gak (the vendors)
and PMT Industries Sdn Bhd (PMT) in respect of the proposed
acquisition of an 83 percent equity stake in Phoenix Blower
Engineering (M) Sdn Bhd (PBE).

Further to the announcements dated July 14, 2005 and October 5,
2005, the Company informed Bursa Malaysia Securities Berhad that
its wholly owned subsidiary company, PMT had on November 11,
2005, received the approval from the Foreign Investment
Committee (FIC Approval) vide its letter [ref no. (5) dlm. UPE
3/1/12852 dated October 31, 2005] confirming that it has no
objection to PMT's proposed acquisition of 1,245,000 ordinary
shares of MYR1.00 each representing 83 percent equity interest
in PBE (the Sale Shares) for a cash consideration of
MYR3,054,400.00 or MYR2.453 per share provided that PBE is to
increase its Bumiputera equity to 30 percent before October 30,
2007.

Yours faithfully
Wah Seong Corporation Berhad
Chan Cheu Leong
Managing Director/Group Chief Executive Officer

CONTACT:

Wah Seong Corporation Bhd
Lingkaran Syed Putra
59200 Kuala Lumpur,
Malaysia
Telephone: +60 3 2288 1212 / +60 3 2288 1272


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

ABS-CBN BROADCASTING: Loses Ratings War with GMA
------------------------------------------------
ABS-CBN Broadcasting Corp. is conceding its defeat in this
year's ratings war with GMA Network Inc., Malaya reports.

ABS-CBN Chief Financial Officer Randolph Estrallado said the
network expects airtime revenues for the rest of the year to
decline. The network admitted there is too little time to snatch
the lead from GMA.

Since late last year, GMA won the ratings war, gaining from
strength to strength, with its new soaps shooting to the top-
slot.

ABS-CBN's audience share for the third quarter was 35 percent, a
slight improvement from 34 percent from the previous quarter.
Its rival has 47 percent, from 46 percent from the previous
quarter.

ABS-CBN, which for years has been using the current ratings as
its barometer of its popularity, said it does not have problems
with the ratings as it only measures viewership in Metro Manila.
Mr. Estrallado said they are still waiting for the surveying
firms, such as AGB Philippines, to come up with a formula that
will determine the viewership nationwide.

The company claimed they continue to lead in Cebu, Dagupan, and
Davao, against GMA 7, which still has to beef-up its operations
and signal in the provinces.

As a result of its lower ratings, net income of ABS-CBN
continued to decline, posting a third consecutive drop in the
third quarter to P344 million from the previous Php734 million,
down by 53 percent.

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


LAFAYETTE MINING: Civic Groups Refute Claim
-------------------------------------------
Non-government groups disputed the claim of the Environment
Management Bureau of the Department of Energy and Regulatory
Resources (DENR-EMB) and Lafayette Mining (Philippines) that the
firm uses state-of-the-art mining techniques, The Philippine
Daily Inquirer relates.

An inquiry commissioned by the civic groups revealed that in
only four months of operation, the Australia-based mining firm
has already spilled wastes that resulted in fish kills.

The site of the waste spills is only 50 meters away from the
creeks, rivers and sea off Barangay Binosawan, Rapu Rapu making
the village vulnerable, said Dr. Emelina Regis, director of the
Institute for Environmental Conservation and Research (Inecar)
of the Ateneo de Naga University.

But Lafayette country manager Rod Watt stressed the spill was
just a minor incident and their technical men have already
undertaken measures to correct its negative effects and prevent
the occurrence of the same incident.

He said the DENR had conducted an investigation and Lafayette
would abide by its findings and recommendations.

Meanwhile, Rapu Rapu councilor Eric dela Paz said two rivers in
Pagcolbon were found biologically dead.

The fact-finding team was composed of representatives of the
Social Action Center of Legazpi, Tanggol Kalikasan, Ugnayan ng
mga Mamamayan Laban sa Pagmimina at Konbersyon Agraryo, Defend
Patrimony, Rural Missionaries of the Philippines and Inecar.

CONTACT:

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


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

Please be informed that in a letter dated November 11, 2005, the
Company advised that further to the 249,549,362 fully paid
shares, an additional 29,308,431 shares were fully paid as of
November 9, 2005, broken down as follows:

Class "A" shares      22,715,266
Class "B" shares       6,593,165
TOTAL                 29,308,431

This brings the number of fully paid shares to a total of
278,857,793 common shares and the number of partially paid
shares to 3,985,814,158 common shares.

In view thereof, the additional fully paid 29,308,431 common
shares may be traded starting Tuesday, November 15, 2005. Actual
trading of the remaining 3,985,814,158 common shares shall
commence upon full payment of such shares.

The designated stock transfer agent is authorized to record and
register in its books the additional fully paid 29,308,431
shares. The transfer agent shall be authorized to record and
register the remaining 3,985,814,158 shares only upon full
payment of the same by the concerned subscribers.

CONTACT:

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


MANILA ELECTRIC: More Clients to Enjoy Lower Rates
--------------------------------------------------
More firms can now avail of Manila Electric Co.'s (Meralco)
discounted power scheme with the recent relaxation of the
eligibility requirement, BusinessWorld reports.

Last week, the Energy Regulatory Commission (ERC) issued an
order reducing the threshold level for the High Load Factor
(HLF) Rider scheme to one megawatt from the initial five
megawatts.

This means that Meralco industrial customers with peak demand of
one megawatt, depending on their load factors, can enjoy
discounts of as much as Php1.10 per kilowatt-hour (kWh).

Based on Meralco documents, the firm had 68 industrial service
customers with billing demands of at least one megawatt and load
factors of at least 70% as of June 2005.

Only 21 were registered with five megawatts of peak demand. Of
these, only 10 were able to register a load factor of at least
70 percent.

The order, signed on November 3, is now in effect and comes as
power rates increase with the implementation of the new value-
added tax law.

CONTACT:

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


MANILA ELECTRIC: Government Keen on Stake Sale
----------------------------------------------
The national government is planning to dispose of its interest
in Manila Electric Co. possibly before the year ends, according
to BusinessWorld.

Finance Secretary Margarito Teves confirmed the asset sale would
probably be conducted by the end of 2005.

However, the government has not set target proceeds from the
planned sale just yet. It has been considering selling the
stakes as part of plans to raise revenues to improve the
country's fiscal position.

Aside from Meralco, the government is also keen on divesting its
stake in San Miguel Corporation and two of three state-run
television networks namely Radio Philippines Network (RPN) and
Intercontinental Broadcasting Corp. (IBC).

The proceeds from the divestments are expected to help narrow
the widening state budget deficit.

The government aims to wipe out the budget shortfall by 2010
through a combination of revenue and expenditure reforms.


NATIONAL POWER: S&P Raises Concern on Privatization
---------------------------------------------------
Representatives of rating agency Standard & Poor's (S&P) have
sought dialogue with energy policymakers regarding the delayed
privatization of National Power Corporation (Napocor) and the
overall restructuring of the power industry, The Manila Bulletin
reports.

The issues raised with the Department of Energy (DoE) are
centered on the medium-term outlook on demand and supply of
electricity in the country; policy and outlook on reserve
capacity; and the fuel mix in electricity generation.

The most critical concerns reportedly raised by S&P is on the
continued delay in the privatization of the NPC assets; and the
recent move of the Senate calling for new round of
renegotiations of contracts with the independent power
producers, done under the pretext of pursuing amendments to the
Electric Power Industry Reform Act.

The rating agency also pressed for updates on near-term targets
for the industry's restructuring, primarily on the scheduled
operation of the Wholesale Electricity Spot Market next year. It
would be noted that even as the spot market's commercial
operation is just barely three months shy from January 2006
target, the Energy Regulatory Commission (ERC) has opened
debates on what appropriate pricing scheme shall be adopted on
volumes traded via the WESM.

Moving to ERC, the S&P inquired on tariff regulation and
revisions as being worked upon by the Commission.

In particular, the rating agency raised concerns on further
revisions in tariff-setting; primarily those on proposed shift
to performance-based rate setting (PBR) and the time-of-use
(TOU) pricing modes.

CONTACT:

National Power Corporation
Quezon Ave., East Triangle, Diliman
Quezon City, Metro Manila, Philippines
Phone: +63-2921-3541
Fax:   +63-2921-2468
Web site: http://www.napocor.gov.ph/


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

ACCORD CUSTOMER: Former Top Officials Face New Charges
------------------------------------------------------
Four former top officials of mobile phone services firm Accord
Customer Care Solutions Limited (ACCS), who are accused of
conspiring to cheat a foreign firm of SGD4.3 million, now face
an additional 55 charges for false declaration, reports Channel
NewsAsia.

ACCS ex-CEO Victor Tan, who faces 44 counts for conspiring to
cheat mobile phone giant Nokia of SGD4.3 million through fake
claims, was charged with 50 counts to falsify invoices and
delivery notes, and five counts related to falsifying financial
statements from February 2004 to February 2005.

Former ACCS Chief Financial Officer Yip Hwai Chong also faces 55
similar charges, and ACCS ex-general manager Damien Ang faces 48
counts of falsifying invoices and delivery notes, while ACCS
unit ex-senior manager Goh Kim Khoon faces 16 similar charges.
The three former ACCS executives are currently accues od 43
counts of cheating.

Mr. Tan and Mr. Yip had to put op SGD1 million bail, while the
others posted bail from SGD50,000 to SGD500,000.

CONTACT:

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


ACCORD CUSTOMER: Quarterly Net Loss Widens
------------------------------------------
Accord Customer Care Solutions Limited announces that the
Company's net loss for the thrid quarter of 2005 increased by
198%, compared to the same period last year.

The Company posted a net loss of SGD3.08 million after taxes,
compared to a SGD1.03 million net loss for the third quarter in
2004.

Accord Customer Care Solutions Limited provides integrated
after-market services to manufacturers and distributors of
mobile communication devices, high-technology consumer products
and network operators.

To view the Company's financial statements, go to:

http://bankrupt.com/misc/tcrap_accordcustomer111405.pdf


CITIRAYA INDUSTRIES: Former Employee Jailed for Corruption
----------------------------------------------------------
A former employee of electronic waste recycler Citiraya
Industries Limited was sentenced to eight months in prison for
corruption, Channel NewsAsia reports.

Mr. Ong Cheng Ho, who was a transport supervisor of the Company,
pled guilty last week to accepting SGD86,000 in bribes from
former assistant general manager Ng Teck Boon, for the
misappropriation of chips that were meant for recycling.

Mr. Ong's lawyer argued that his client's involvement in the
scheme was only to instruct drivers collecting electronic wate
from clients to hurry back to the Company, so that there would
be enouh time to replace the rejected microchips with dummy
chips. He further argued that Mr. Ong borrowed SGD80,000 from
the SGD86,000 payment he accepted from Mr. Ng; and yet the loan
was never repaid.

Mr. Ong is the latest to plead guilty in the Citiraya case,
along with six former employees who have already been fined and
imprisoned for their involvement in the corruption case.

CONTACT:

Citiraya Industries Limited
65 Tech Park Crescent
Singapore 637787
Phone: 65 62644338
Fax:   65 62666731
Web site: http://www.citiraya.com/


FHTK HOLDINGS: Posts SGD3-Mln Quarterly Net Loss
------------------------------------------------
FHTK Holdings Limited announced that the Company reported a
433.2% increase in its net loss for the financial period ended
Sept. 30, 2005.

The Company posted a net loss of SGD3.19 million after taxes,
compared to its reported SGD599,000 net loss for the same period
last year.

FHTK Holdings Ltd is engaged in the importing, exporting,
wholesaling, retailing, sourcing, processing, refrigeration,
packing and distribution of fruits, vegetables and other
agricultural products.

To view the Company's financial statements, click on:

http://bankrupt.com/misc/tcrap_fhtkholdings111405.pdf

CONTACT:

FHTK Holdings Limited
20 Harbour Drive
Singapore 117612
Phone: 65 6779 5688
Fax:   65 6777 3960
Web site: http://www.fhtk.com.sg/


LIANG HUAT: Provides Further Information on Property Sale
---------------------------------------------------------
Liang Huat Aluminum Limited announced that the Company has
published moire information on the proposed sale of its property
located at 51 Benoi Road, Liang Huat Industrial Complex (the
"Property") to M/s Khai Wah Development Pte Limited.

Since the property disposal is considered a major transaction,
it requires shareholder approval before it can push through. The
Company will send a circular containing information on the
proposed property sale to its shareholders in due course.

The Option Agreement may be inspected by the shareholders during
normal business hours at the Company's registered address for
two (2) months from the date of this announcement.

To view the Company's full information report, go to:

http://bankrupt.com/misc/tcrap_lianghuat111405.pdf

CONTACT:

Liang Huat Aluminium Limited
Blk 8 #07-05
Liang Huat Industrial Complex
51 Benoi Road
Singapore 629908
Phone: 65 68622228
Fax:   65 68624962
Web site: http://www.lianghuatgroup.com.sg/


LINDETEVES-JACOBERG: Notes Significant Increase in Net Loss
-----------------------------------------------------------
Lindeteves-Jacoberg Limited announced that the Company reported
a 176.2% increase in its net loss for the third quarter of 2005.

The Company posted a net loss of SGD40.6 million after taxes,
compared to its reported SGD150,000 net loss for the same period
last year.

Lindeteves-Jacoberg Limited is engaged in the manufacture and
distribution of electric motors, distribution and trading of
chemical raw materials and the supply and generation of power.

To view the Company's financial statements, click on:

http://bankrupt.com/misc/tcrap_lindeteves-jacoberg111405.pdf

CONTACT:

Lindeteves-Jacoberg Limited
238A Thomson Road
Singapore 307684
Phone: 65 6383 4248
Fax:   65 6383 4068


LINDETEVES-JACOBERG: Units Enter into Subscription Agreement
------------------------------------------------------------
Lindeteves-Jacoberg Limited announced that on Nov. 11, 2005, its
wholly-owned subsidiaries, Lindeteves Engineering Pte Limited
(LJE) and Linberg Philippines Inc. (LPI), entered into inter
alia a subscription agreement with, amongst other parties,
Citigroup Global Markets Limited (CGML) for the subscription by
CGML of an aggregate principal amount of USD25 million (SGD42.5
million) floating rate term notes, to be issued by LJE.

The subscription of the Notes is subject to the fulfilment of
certain conditions precedent, as listed in the subscription
agreement.

Under the terms of the subscription agreement, the obligations
of LJE are guaranteed and indemnified by LPI. The Notes are to
be redeemed and repaid in 25 tranches over a period of 75 months
from the date of issue. The Notes are secured by all the shares
held by the Company in LJE and LPI respectively, and the assets
of LJE and LPI.

The proceeds from the issue of the Notes will be applied first
towards refinancing all of LJE's and LPI's existing bank loans
and the balance of approximately SGD15.0 million will be used as
working capital for the Company.


MUSIC JUNCTION: Creditor Seeks Winding Up
-----------------------------------------
Notice is hereby given that Tong Keng Hiong, a creditor of Music
Junction (S) Pte Limited, filed a winding up petition against
the Company to the Singapore High Court on Nov. 2, 2005.

The petition is directed to be heard before the Court sitting at
the Singapore High Court on Nov. 25, 2005, 10:00 a.m.

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

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

The Petitioner's address is 4016 Ang Mo Kio Industrial Park 1
#03-528, Singapore 569635.

The Petitioner's solicitor is Ascentsia Law Corporation of 4
Shenton Way, #17-06 SGX Centre 2, Singapore 068807.

Ascentsia Law Corporation
Solicitor for the Petitioner

Note:

Any person who intends to appear at the hearing of the petition
must serve on or send by post to the solicitors for the
Petitioner, notice in writing of his intention to do so. The
notice must state the name and address of the person, or, if a
firm, the name and address of the firm, and must be signed by
the person, firm or his or their solicitor (if any) and must be
served, or if posted, must be sent by post in sufficient time to
reach the solicitors not later than 12:00 p.m. of Nov. 24, 2005
(the day before the day appointed for the hearing of the
petition).

CONTACT:

Music Junction (S) Pte Limited
21 Choa Chu Kang Avenue 4
#B1-02 Lot 1, Shoppers' Mall
Singapore 689812
Phone: 65 6762 7335   
Fax:   65 6762 7335


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

THAI-GERMAN: Books THB9,101,000 Net Loss in 3Q
----------------------------------------------
Thai-German Products Public Company Limited issued to the Stock
Exchange of Thailand (SET) a summary of its Reviewed Quarterly
Financial Statements for the period ending September 30, 2005

Reviewed
Ending September 30
(In thousands)

                           Quarter 3         For 9 Months

Year                 2005        2004        2005        2004

Net profit (loss)  (9,101)    4,238,726    (8,034)    4,228,619

EPS (baht)          (0.03)    110.61        (0.02)       110.35

Type of report:

Unqualified Opinion with an emphasis of matters

Comment:

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

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

Mr. Veerachai Leelaprachakul
Authorized Director
PLV & Associate Company Limited
As Business Reorganization Plan
Administrator of
Thai-German Products Public Company Limited
Authorized to sign on behalf of the company

CONTACT:

Thai-German Products Pcl   
99 Huaypong-Nongbon Road,
Tambol Huaypong, Amphur Muang Rayong    
Telephone: 0-3868-4901-5   
Fax: 0-3868-4906   
Web site: http://www.tgpro.co.th


THAI WAH: Explains Increase in Profit
-------------------------------------
Thai Wah Public Company Limited (TWC) and Thai Wah Group
Planner Company Limited as the Plan Administrator issued to the
Stock Exchange of Thailand (SET) an explanation for the increase
in profit of THB812 million for the nine-month period ended
September 30, 2005 as compared to the same period of 2004.

(1) In February 2005, the Company sold some non-core assets
which are listed in the business rehabilitation plan, amended
and approved by the Central Bankruptcy Court on December 27,
2004.  

The assets comprise of ordinary shares in two subsidiary
companies and the sale of these assets increased the gain on
sale of investment by THB524 million.

(2) Decrease in foreign exchange losses of THB108 million
resulting from a THB153 million loss in the translation of USD
loans as compared to a loss of THB261 million in the same period
in 2004.

(3) A THB155 million increase in "gain on debt restructuring".

The gain in 2005 amounted to THB238 million as compared to THB84
million in 2004. The gain on debt restructuring in question is
due to the company's compliance with the condition of Incentive
Debt under the amended and restated debt restructuring
agreement, which forms part of the amended business
rehabilitation plan accepted by the Central Bankruptcy Court on
June 30, 2003.

(4) Consolidated gross profit of agricultural product business
decreased by THB23 million as compared to the same period in the
previous year and this is attributed to the following major
reasons:

(4.1) A decrease in TWC's (company only) gross profit of tapioca
flour amounted to THB47 million due to the following reasons:

(a) The effect from a 20 percent decrease in sales volume
decreased gross profit by THB60 million.

(b) Although a 33 per increase in the average selling price was
offset by a 43 percent increase in the unit cost of sale as
compared to the same period last year, gross profit increased by
THB13 million.

(4.2) The gross profit of an overseas subsidiary company
producing tapioca flour and other products increased by
THB24 million due to the following reasons:

(a) The gross profit of tapioca flour product increased by
THB11 million due to an average selling price increased by 40
percent while the unit cost of sale increased by 31 percent.

(b) The gross profit of glucose product increased by THB7
million due to an average selling price increased by 37 percent
while the unit cost of sale increased by 26 percent.

(c) The gross profit of candy product increased by THB5 million
due to the increase in sales volume increased by 206 percent.

(5) A THB48 million reduction in gross profit of hotel and
office rental business attributed to the subsidiary company
which was sold in February 2005 (please see explanation no.1).

(6) A THB20 million decrease in a reversal of allowance for loss
on impairment of investment due to the settlement of         
convertible loan stock and interest receivable in the same
period of year 2004 which did not reoccur in the period under
review.

(7) A THB27 million increase in other income due mainly to an
unrealized gain from the issuance of ordinary shares to           
a contingent debt creditor in the year 2004 which was
subsequently recognized as income in the year 2005.

Additionally, the recognition of a gain was made by a subsidiary
company arising from recording a plot of land at fair market
value.

(8) Selling and administrative expenses decreased by THB49
million over the same period last year due mainly to a decrease
in sale transportation expense (as a result of lower sales
volume), a decrease in financial advisory expense of a parent
company and also the exclusion of selling and administrative
expenses of two subsidiary companies which were sold in February
2005 (please see explanation no.1).

(9) A THB75 million reduction in interest expenses attributed to
the subsidiary company which was sold in February 2005 (please
see explanation no. 1).

(10) A THB33 million increase in share of gain to minority
interests.  Share of gain to minority interests in 2005 was
THB21 million as compared to a share of loss to minority
interests of THB11 million in 2004.

The company hopes that the above information would be beneficial
to all investors.

Very truly yours,
Mr. Kuan Chiet
Thai Wah Public Co., Ltd.
By Thai Wah Group Planner Co. Ltd.
as the Plan Administrator

CONTACT:

Thai Wah Public Company Limited
21/63-64, 21/66A, 21/68 Thai Wah Tower I, 21st, 22nd, 24th
floor, South Sathorn, Tungmahamek, Sathorn, Bangkok 10120
Telephone: 0-2285-0040, 0-2285-0241-56   
Fax: 0-2285-0269-70   
Web site: http://www.thaiwah.com


TONGKAH HARBOUR: Proposes to Trade in AIM
-----------------------------------------
Pursuant to the Board of Directors' Meeting held on November 11,
2005, Tongkah Harbour Public Company Limited (THL) informed the
Stock Exchange of Thailand (SET), Shareholders and Investors
regarding the meetings' resolutions:

(1) The Board of directors (BoD) approved the audited account
for the third quarter ending September 30, 2005, which was
reviewed and recommended by Audit Committee.

(2) THL's BoD has agreed to the Management's proposal that, in
order to alleviate the uncertainty concerning the listing status
of THL shares on the SET, the Shareholders of THL be given the
alternative to trade THL shares through the introduction of THL
shares to the Alternative Investment Market (AIM), which is a
multi-billion pound sterling capital market of the London Stock
Exchange.

(3) The proposed introduction to trade on the AIM is subject to
tabling of the matters mentioned below to the BOD for its
consideration and recommendation to the Shareholders for
approval at an EGM:

(a) The costs and fees.
    
(b) Legal and nominated financial advisors (Nomad) opinion.
    
(c) The Admission Document and relevant filings.

(d) Timetable of the listing procedures.

(4) It is acknowledged that:

(1) The report by Management that the introduction to trade
THL shares on AIM is not envisaged to be a difficult exercise
given that:

(a) The Company has a 99-year history directed by an experienced
team of competent directors and advisors,

(i) Committed team of experienced managers,

(ii) A major gold mining project now in full progress toward
production,

(iii) A widespread share holding of more than 4,000 shareholders
many of whom are international institutions, investment funds
and companies, and  

(iv) No new capital share issue for funds is currently involved
and, therefore, no necessity of underwriters nor prospectus
except an Admission Document.

(2) There will be requirements for a sponsoring broker, legal
advisors and (Nomad).

(3) Concerning progress of the gold project:

(i) All infrastructures and earth works are mostly completed,  

(ii) Construction of buildings is in progress,  

(iii) Four of the nine leaching tanks are completed,

(iv) The ball mill was shipped on 11 November 2005 from
Freemantle, Western Australia,

(v) The crusher is ready for shipment from Finland on 15
November 2005, and,

(vi) And all other equipment and machinery are scheduled to be
on site before the end of the year.

All mining machinery and equipment are already on site. Gold
production will begin during the first quarter of 2006. Also, a
second mill (ball mill) with all attachments has been acquired
for fabrication for the planned second stage of production
involving the primary ore processing. All the above have been
established within the allocated budget.

(4) THL's management and engineering advisors now consider that
it is technically viable to mine the offshore tin deposit of
some 50,000 tons of tin (at 30 to 70 meters depth) about 30
kilometers off the coast of Takuapa in Southern Thailand. Mining
plans have been filed by Sea Minerals Limited (SML) in which the
Company holds 83.6 percent of the total shares. Negotiations are
ongoing to reduce current royalty rates of over 20 percent
(ironically due to substantial tin price increases) to
internationally competitive rates (for example: Indonesia-3.0
percent, Australia-2.5 percent). Upon a competitive rate being
finalized, SML will take steps to be listed on the AIM.

(5) The corporate management plans to list Tungkam Ltd
(TKL) on AIM. The Company holds an effective 98 percent share
holding n TKL.

Pleased be informed accordingly.

Yours faithfully,
Mr. Ronald Ng Wai Choi
Managing Director

CONTACT:

Tongkah Harbour Public Company Limited   
Muang Thai Phatra Office Tower 1,
Floor 7, 252/11 Rachadapisek Road,
Huai Khwang Bangkok    
Telephone: 0-2695-4912-28   
Fax: 0-2695-4901   




BOND PRICING: For the Week 14 November to 18 November 2005
----------------------------------------------------------

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     8
Becton Property Group                 9.500%     6/30/10     1
BIL Finance Ltd                       8.000%    10/15/07     8
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     3
CBH Resources                         9.500%    12/16/09     1
Chrome Corporation Ltd               10.000%     2/28/08     1
Djerriwarrh Investments Ltd           6.500%     9/30/09     4
eBet Limited                         10.000%    11/29/06    26
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     8
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
Longreach Group Ltd                  10.000%    10/31/08     1
MacArthur Coal                       10.000%    12/11/05     5
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    10
Primelife Corporation                 9.500%    12/08/06     1
Primelife Corporation                10.000%     1/31/08     1
Riversdale Mining Ltd                 8.000%    12/31/05     1
Salomon SB Australia                  4.250%     2/01/09     8
Sapphire Securities Ltd               9.150%     9/20/35     9
Sherlock Bay Nickel                  12.000%     9/01/07     1
Silver Chef Ltd                      10.000%     8/31/08     1
Software of Excellence                7.000%     8/09/07     1
Strathfield Group                    11.000%    12/31/05     1
Sydney Gas Company                   12.000%     4/01/06     1
Sydney Gas Limited                   12.000%     6/01/06     1
Tower Finance Ltd                     8.650%    10/15/09     8
Tower Finance Ltd                     8.750%    10/15/07     8
TrustPower Ltd                        8.300%     9/15/07     8
TrustPower Ltd                        8.300%    12/15/08     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


INDONESIA
---------

Indonesia Government Bond             9.500%     6/15/15    73
Indonesia Government Bond            10.000%     7/15/17    74


MALAYSIA
--------

Aliran Ihsan Resources Bhd            5.000%    11/29/11     1
Artwright Holdings Bhd                5.500%     3/06/07     1
Asian Pac Holdings Bhd                4.000%    12/22/05     1
Berjaya Group Bhd                     5.000%    10/17/09     1
Berjaya Land Bhd                      5.000%    12/30/09     1
Berjaya Sports Toto Bhd               8.000%     8/04/12     4
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     2
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
Furqan Business Organization          2.000%    12/19/05     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
Integrax Bhd                          3.000%    12/24/05     1
Kamdar Group Bhd                      3.000     11/09/09     1
Killinghall Bhd                       5.000%     4/13/09     2
Konsortium Lebuhraya                  4.000%     1/15/16    72
Konsortium Lebuhraya                  4.000%     7/15/20    74
Konsortium Lebuhraya                  4.000%     1/15/21    73
Konsortium Lebuhraya                  4.000%     7/15/21    72
Konsortium Lebuhraya                  4.000%     1/14/22    70
Konsortium Lebuhraya                  4.000%     7/15/22    72
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     2
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%     3/28/07     2
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            2.000%    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
Talam Corporation Bhd                 7.000%     4/19/06     1
Tap Resources Bhd                     2.000%     6/29/06     1
Tenaga Nasional Bhd                   3.050%     5/10/09     1
Time Engineering Bhd                  2.000%    12/25/05     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



SINGAPORE
---------

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


                            *********


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

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                 *** End of Transmission ***