text: TCRAP_Public/060116.mbx T R O U B L E D C O M P A N Y R E P O R T E R A S I A P A C I F I C Monday, January 16, 2006, Vol. 9, No. 011 HeadlinesA U S T R A L I AADVISION PTY: Liquidator to Present Wind Up ReportALI MAY: Placed Under Voluntary LiquidationALLSTATE EXPLORATIONS: Issues Beaconsfield Reserve StatementBAIRNS INVESTMENTS: Asks Creditors to Submit Proofs of ClaimBEATTY BROKERS: To Declare First, Final DividendCARTER HOLT: Rank Extends Offer for Sixth TimeCHEM SERVICES: Wind Up Process InitiatedCORALTREE INVESTMENTS: Liquidator to Distribute Company AssetsDURI WORLD: Inability to Pay Debt Prompts Winding UpEVP ADELAIDE: Schedules Final Meeting Jan. 23FAR WEST: Intends to Pay Final DividendFREESCALE AUSTRALIA: 145 Jobs to Go After ClosureGLOSTER APPAREL: Appoints Official LiquidatorsHERITAGE FINE: Businessman Travels to Sell WineJ MUSCAT: Members to Review Wind Up ReportM&D REAL: Winds Up OperationsMUSIC AUSTRALIA: Creditors to Receive First, Final DividendMYER LIMITED: Melbourne Price 'Wishful Thinking'NOWRA WALL: Creditors Confirm Liquidator's AppointmentROAN CONSTRUCTIONS: Decides to Close BusinessSAM WHO: Court Orders Winding UpSOFT CENTRE: Creditors Resolve to Wind Up FirmSTIRLING VENTILATION: Members, Creditors Meet to Discuss Wind UpTEAGIN PTY: Enters Voluntary LiquidationTELSTRA CORPORATION: Works Things Out with Telecom NZVILLAGE LIFE: Mystery Buyer Grabs StakeVILLAGE LIFE: Says Stake Buyer UnknownVOLANTE GROUP: Panel Explains Decision on Commander BidWA FISHER: Members Pass Winding Up ResolutionWESTPOINT GROUP: Planners Admit Huge FeesC H I N A & H O N G K O N G401 CLEANSING: Set to Shut Down Business401 CONCEPT: Commences Winding Up Process401 LIMITED: EGM Set for February 9BANK OF CHINA: Becomes EBS Spot CustomerBANK OF CHINA: Launches New Foreign Exchange Management ProductsCHINA HAISHENG: Fails to Reveal End of Stabilization PeriodCHINA LIFE: Morgan Stanley Downgrades Rating to 'Underweight'CLP HOLDINGS: Hong Kong Plans May Hurt Credit QualityGENERAL MOTORS: May Export Cheap Cars from China FactoriesJILIN CHEMICAL: Notes Last Day of DealingsLUCCI CREATION: Winding Up Hearing Fixed Dec. 7MAE HOLDINGS: 1H05 Net Loss Widens to HK$22.8 MlnORIENTAL INVESTMENT: Postpones Result Announcement to Jan. 24SHORTRIDGE LIMITED: In Creditors' Voluntary LiquidationTCL COMMUNICATION: Delays Dispatch of CircularI N D I AIT PEOPLE: Unveils Outcome of Board MeetingIT PEOPLE: Notes Change in DirectorateMODIPON LIMITED: Refutes IFCI's NoticeSILVERLINE TECHNOLOGIES: In Talks for One Time SettlementI N D O N E S I AGARUDA INDONESIA: Investors Ask to Conduct Road ShowKIANI KERTAS: Singapore Firm Acquires Funds for Takeover BidPERTAMINA: Develops 15 Oil Blocks with ContractorsPERTAMINA: Set to Import 8.5 Million Barrels of Fuel in MarchPERUSAHAAN LISTRIK: Government Considers Subsidy IncreaseJ A P A NDAIEI INCORPORATED: Introduces 54 New EntreesFUJITSU LIMITED: To Expand Hard Disk Drive BusinessJAPAN AIRLINES: JCR Assigns BBB RatingNIPPON ELECTRIC: Rating Outlook Revised to PositiveSANYO ELECTRIC: Morgan Stanley Becomes Top ShareholderSANYO ELECTRIC: Canada Launches World's Smallest Digital CameraK O R E ACITIBANK KOREA: Under Yet Another InvestigationM A L A Y S I AAFFIN HOLDINGS: Issues New Shares for Listing, QuotationAMBB CAPITAL: Preference Shares Rated (P)Ba2 by Moody'sANTAH HOLDING: AGM Slated Next MonthANTAH HOLDING: Auditors Fail to Give Opinion on FSAVANGARDE RESOURCES: To Convene AGM Next MonthAVANGARDE RESOURCES: Issues Update to Unit's Wind Up ProcessAYER HITAM: Sees No Changes to Payment Default StatusGEORGE TOWN: To Make Representation to Avoid DelistingLANKHORST BERHAD: Securities on the Brink of DelistingMALAYAN UNITED: SC Extends Compliance to Equity ConditionMANGIUM INDUSTRIES: Unveils Public Shareholding SpreadNALURI CORPORATION: Details Public Shareholding SpreadPOLY GLASS: Director Acquires Additional SharesSARAWAK ENTERPRISE: Sub-unit Placed in Winding Up ProcessSOUTHERN BANK: Holds Share Buy BackTRU-TECH HOLDINGS: Updates Proposed Restructuring SchemeP H I L I P P I N E SMAYNILAD WATER: Taps Financial Adviser for 'Reprivatization'NATIONAL FOOD: Seeks Additional Rice Imports to Boost ReservesPHILIPPINE AIRLINES: Enjoying More Perks than Rivals, Says DoJRFM CORPORATION: Posts Amended Beneficial Ownership ReportsT'BOLI AGRO-INDUSTRIAL: To Restart Operations After Idle 1 YearS I N G A P O R EACCORD CUSTOMER: Unaware of Increase in Share TradingCHINA AVIATION (S): Presents Rehab Plan to Investor GroupDURABEAU CONSTRUCTION: Prepares to Pay DividendLINDETEVES-JACOBERG: Discontinues Capital Reduction PlanMARLEX DISTRIBUTORS: Set to Declare DividendT H A I L A N DEMC PUBLIC: Clinches New ContractSRITHAI FOOD: Seeks to Undergo RehabilitationTHAI AIRWAYS: Unveils Result of Warrant Exercise - - - - - - - -=================A U S T R A L I A=================ADVISION PTY: Liquidator to Present Wind Up Report--------------------------------------------------Notice is hereby given that a final meeting of the members andcreditors of Advision Pty Limited will be held on Jan. 23, 2006,9:00 a.m. at the office of Nicholls & Co. Chartered Accountants,Suite 103, 1st Floor, Wollundry Chambers, Johnston Street, WaggaWagga NSW, to receive the Liquidator's account showing how theCompany was wound up and its property disposed of, and to hearany explanation that may be given by the Liquidator.Dated this 7th day of December 2005Stephen JayLiquidatorC/o Nicholls & Co. Chartered AccountantsPO Box 852, Wagga Wagga NSW 2650ALI MAY: Placed Under Voluntary Liquidation-------------------------------------------Notice is hereby given that at an extraordinary general meetingof the members of Ali May Clothing Pty Limited held on Dec. 13,2005, the following Special and Ordinary Resolutions werepassed:That the Company be wound up voluntarily, and that Mr. ArthurEady, Chartered Accountant of Level 6, 131 Clarence Street,Sydney be appointed as Liquidator for the winding up.Dated this 14th day of December 2005Arthur EadyLiquidatorLevel 6, 131 Clarence StreetSydneyALLSTATE EXPLORATIONS: Issues Beaconsfield Reserve Statement------------------------------------------------------------The Resource/Reserve Statement for the Beaconsfield Mine as atDecember 31, 2005 is attached.http://bankrupt.com/misc/tcrap_allstateexplorations011306.pdf.Allstate Explorations NL (Subject to Deed of CompanyArrangement) notes the following:(1) Pleasingly, excluding depletion for the period July-December2005 the reserve is not materially different to that as at June30, 2005.(2) The material change in the Inferred resource category fromthe June 30, 2005 Resource Statement is a result of the movementof material located in the 840E Zone of the Beaconsfield Minefrom the Inferred category to the Indicated category, as aresult of the completion of the diamond drilling campaign inthat area.(3) Work is ongoing to optimize the current resources forpossible conversion to reserves. This detailed study is expectedto be completed by April 2006.CONTACT:Allstate Explorations NLThe AdministratorTaylor Woodings Corporation Services6th Floor, 30 The EsplanadePERTH, AUSTRALIA, 6000Telephone: 08 9321 8533Fax: 08 9321 8544BAIRNS INVESTMENTS: Asks Creditors to Submit Proofs of Claim------------------------------------------------------------Notice is given that the creditors of Bairns Investments PtyLimited, whose debts or claims have not already been admitted,are required to prove their debts or claims and to establish anytitle they may have to priority by delivering or sending throughthe post a formal proof of debt or claim to the Liquidator, onor before Jan. 31, 2006.In default thereof, they will be excluded from the benefit ofany distribution made before their debts or claims are proven ortheir priority is established, and from objecting to thedistribution.Dated this 23rd day of December 2005Allan William Donald FCALiquidatorLevel 8, 37 York StreetSydney NSW 2000BEATTY BROKERS: To Declare First, Final Dividend------------------------------------------------Beatty Brokers (Insurance) Pty Limited will declare a first andfinal dividend on Jan. 24, 2006.Creditors who were not able to prove their debts or claims willbe excluded from the benefit of the dividend.Dated this 21st day of December 2005Dennis BeattyLiquidatorC/o HLB Mann JuddLevel 19, 207 Kent StreetSydney NSW 2000CARTER HOLT: Rank Extends Offer for Sixth Time----------------------------------------------Rank Group owner Graeme Hart has extended his NZ$3.3-billion(AU$2.3 billion) takeover offer for forest products group CarterHolt Harvey Limited for the sixth time, Reuters reports.Mr. Hart's investment vehicle, Rank Group, revealed the offerhas been extended by 14 days and will now close on Friday, Jan.27.Mr. Hart's NZ$2.50-a-share offer has delivered him 85.6 percentof Carter Holt, up from 85.2 percent at the date of his lastextension three weeks ago.Mr. Hart has not said what he plans to do if he takes fullcontrol of Carter Holt, aside from reviewing the company'soperations.Selling into Rank's offer has slowed ahead of the 90 percentlevel at which he can compulsorily acquire remaining shares, butbuying interest is emerging from other parties. The share pricerose to a nearly five-month high of NZ$2.57 on Wednesday, sevencents above the offer price.If necessary, Mr. Hart can extend the deadline into February,150 days from the offer's launch on Sept. 14.CONTACT:Carter Holt Harvey Limited640 Great South RoadManukau City, Auckland 1030NEW ZEALANDPhone: +64 9 262 6000Fax: +64 9 262 6099Web site: http://www.chh.comCHEM SERVICES: Wind Up Process Initiated----------------------------------------Notice is hereby given that at a general meeting of the membersof Chem Services Pty Limited held on Dec. 14, 2005, it wasresolved that the Company be wound up voluntarily, and that Mr.Graham Dudley Short, Chartered Accountant of 54 Sailors BayRoad, Northbridge NSW 2063 be appointed as Liquidator for suchpurpose.Dated this 14th day of December 2005Graham D. ShortLiquidator54 Sailors Bay RoadNorthbridge NSW 2063CORALTREE INVESTMENTS: Liquidator to Distribute Company Assets--------------------------------------------------------------At a general meeting of Coraltree Investments Pty Limited heldon Dec. 16, 2005, the following Special Resolution was passed:That the Company be wound up as a Member's VoluntaryLiquidation, and that Mr. Douglas John Farram of CarruthersFarram & Co. Services Pty Limited be appointed as Liquidator forsuch purpose, with the power to distribute the Company assets(in specie) for the winding up.Dated this 16th day of December 2005Douglas J. FarramLiquidatorC/o Carruthers Farram & Co Services Pty LimitedSuite 4, Level 4, 105 Pitt StreetSydney 2000DURI WORLD: Inability to Pay Debt Prompts Winding Up----------------------------------------------------Notice is hereby given that at a meeting of Duri World PtyLimited held on Dec. 16, 2005, the following Special Resolutionwas passed:That as it is unable to pay its debts as and when they fall due,the Company be wound up voluntarily, and that Mr. Geoffrey Reidybe appointed as Liquidator for such purpose.Geoffrey ReidyLiquidatorC/o Rodgers ReidyLevel 8, 333 George StreetSydney NSW 2000EVP ADELAIDE: Schedules Final Meeting Jan. 23---------------------------------------------Notice is given that the final meeting of the members andcreditors of EVP Adelaide Pty Limited will be held on Jan. 23,2006, 11:00 a.m. in the meeting room of SimsPartners, Level 4,12 Pirie Street, Adelaide SA 5000, for the following purposes:AGENDATo lay before the meeting the Liquidator's final account on theCompany's winding up, and to give an explanation thereof.Dated this 29th day of November 2005Andre J. StrazdinsLiquidatorC/o SimsPartnersLevel 4, 12 Pirie StreetAdelaide SA 5000FAR WEST: Intends to Pay Final Dividend---------------------------------------Far West Labour Hire Pty Limited will declare a first and finaldividend on Jan. 25, 2006.Creditors who were not able to prove their debts or claims willbe excluded from the benefit of the dividend.Mark RoufeilLiquidatorLevel 9, 31 Market StreetSydney NSW 2000FREESCALE AUSTRALIA: 145 Jobs to Go After Closure-------------------------------------------------Freescale Australia's impending closure is expected to leave 145software engineers jobless, The Advertiser reveals.Managing Director Jay Yntchev told staff about the decisionWednesday last week, giving 25 people two weeks to leave and therest until March to finish at the Adelaide plant.Employees are believed to have signed confidentiality agreementsas part of redundancy packages.Freescale is a spin-off of mobile phone maker Motorola'ssemiconductor products business and is listed on the New YorkStock Exchange and based in Texas. The Adelaide office andAustralian headquarters were set up in April 2004. Freescale'sAdelaide office was focusing on Systems-on-Chip (SoCs) for high-end communications, control and consumer equipment.The closure will follow Motorola Australia's 120 job losses atits Technology Park operations in September, 2004, when 23 ofthose workers transferred to Freescale.CONTACT:Freescale Australia Pty Ltd(Australia System-on-Chip (SoC) Technology Centre)Web site: http://www.freescale.com/GLOSTER APPAREL: Appoints Official Liquidators----------------------------------------------Notice is hereby given that at an extraordinary general meetingof the members of Gloster Apparel Productions Pty Limited heldon Dec. 13, 2005, it was resolved that the Company be wound upvoluntarily, and Ms. Robyn Louise Duggan and Mr. Max ChristopherDonnelly of Ferrier Hodgson Chartered Accountants, Level 17,2 Market Street, Sydney, NSW were appointed as Joint and SeveralLiquidators for the winding up.Dated this 22nd day of December 2005Robyn L. DugganMax C. DonnellyJoint LiquidatorsFerrier Hodgson Chartered AccountantsLevel 17, 2 Market StreetSydney NSW 2000HERITAGE FINE: Businessman Travels to Sell Wine-----------------------------------------------Brian McGuigan is now in the United States looking for buyersfor 1.3 million bottles of premium wine held by receivers of thecollapsed investment scheme Heritage Fine Wines, The Australianhas learned.A leading wine producer, Mr. McGuigan, is reportedly talking toseveral wholesalers, supermarket chains and retailers in theU.S. about buying Heritage's wines, which include a PenfoldsGrange valued at more than AU$50,000.Mr. McGuigan is then scheduled to visit Britain to find otherpotential buyers and hold talks with Tesco, one of the bigsupermarket chains.An overseas sale of Heritage is expected to produce betterresults for Heritage's investors, as it would prevent a delugeof highly-priced vintage wine flooding the local market.Some 3000 investors poured AU$70 million into the Heritagescheme before it collapsed in March last year. About 1.3 millionbottles worth about AU$40 million have been reconciled byreceiver Nicholas Crouch of Crouch Insolvency.Mr. McGuigan, with former NSW premier Nick Greiner, who investedAU$5000 in the failed scheme, Theo's bottle shop founder TheoKaredis, wine expert Nick Bulleid, auctioneer Steve Laws andwine distributor Christopher Burr, have formed a team to adviseHeritage on the sales strategy of the wine.The group, which is providing its services free, is expected tomeet on January 23 to make recommendations on which wines tosell and which to keep.CONTACT:Nicholas CrouchLiquidatorCrouch InsolvencyChartered AccountantsLevel 5, 82 Elizabeth Street,Sydney NSW 2000Phone: 02 9221 0266Fax: 02 9221 0566E-mail: email@example.com MUSCAT: Members to Review Wind Up Report------------------------------------------Notice is hereby given that the final meeting of the members ofJ Muscat Nominees Pty Limited will be held on Jan. 23, 2006,11:00 a.m. at the offices of Allen & Co. TVA Pty LimitedChartered Accountants, 1 Milton Close, Malvern 3144, to presentthe Liquidator's final account and report on the Company'swinding up and disposal of property, and to give an explanationthereof.Dated this 6th day of December 2005Desmond P. DeckkerLiquidatorC/o 1350 Ferntree Gully RoadScoresby Vic 3179M&D REAL: Winds Up Operations-----------------------------At a meeting of the members and creditors of M&D Real Estate PtyLimited held on Dec. 12, 2005, it was resolved that the Companybe wound up voluntarily, and Mr. Ozem Kassem of Bentleys MRISydney Business Recovery & Insolvency Partnership, Level 8Carrington House, 50 Carrington Street, Sydney NSW was appointedas Liquidator for such purpose.Dated this 15th day of December 2005Ozem KassemLiquidatorBentleys MRI Sydney Business Recovery & Insolvency PartnershipLevel 8, Carrington House50 Carrington Street, Sydney NSWMUSIC AUSTRALIA: Creditors to Receive First, Final Dividend-----------------------------------------------------------Music Australia Guide Pty Limited will declare a first and finaldividend on Jan. 24, 2006.Creditors who were not able to prove their debts or claims willbe excluded from the benefit of the dividend.Dated this 6th day of December 2005Frank Lo PilatoLiquidatorC/o RSM Bird Cameron Partners Chartered AccountantsGPO Box 200, Canberra ACT 2601Phone: 02 6247 5988MYER LIMITED: Melbourne Price 'Wishful Thinking'------------------------------------------------The sale price of Myer Limited's iconic Melbourne store may be abit unrealistic, The Sydney Morning Herald says.Coles Myer's hopes of selling the property at between AU$600million to AU$800 million range may be wishful thinking.The latest broker analysis of the likely sale of Myer and its 61stores values the 1.5 hectare prime retail site in Melbourne'sCBD at around $350 million.Citigroup retail analyst Craig Woolford said the site, ifredeveloped, could be worth $500 million to $600 million.Coles Myer is currently undertaking a review of the departmentstore and has pared down potential bidders to around five,including Harvey Norman Holdings Ltd, with the options ofretaining or demerging the business.The Myer site in the heard of Melbourne's CBD was one of themost lucrative in Australia.Property developers such as Westfield, CFS Gandel, Lend Lease,GPT and Centro are likely to be interested in Myer Melbourne.CONTACT:Myer Limited295 Lonsdale StreetMelbourne Vic 3000Telephone: (61 3) 9661 1111Facsimile: (61 3) 9661 3770Web site: http://www.myer.com.auorColes Myer Limited800 Toorak RoadTooronga Vic 3146Telephone: (61 3) 9829 3111Facsimile: (61 3) 9829 6787Web site: http://www.colesmyer.com.auNOWRA WALL: Creditors Confirm Liquidator's Appointment------------------------------------------------------Notice is hereby given that at a meeting of the members of NowraWall & Floor Tiles Pty Limited held on Dec. 19, 2005, it wasresolved that the Company be wound up voluntarily. Mr. SteveNicols of Nicols+Brien was appointed as Liquidator for suchpurpose, and creditors confirmed his appointment (as Liquidator)at a creditors' meeting held later that day.Dated this 20th day of December 2005Steven NicolsLiquidatorNicols + BrienLevel 5, 221-229 Crown StreetWollongong NSW 2500Phone: 02 4226 6025Web site: http://www.bankrupt.com.auROAN CONSTRUCTIONS: Decides to Close Business---------------------------------------------Notice is hereby given that at a meeting of the creditors ofRoan Constructions Pty Limited held on Dec. 13, 2005, it wasresolved that the Company be wound up voluntarily, and Mr.Roderick Mackay Sutherland of Jirsch Sutherland CharteredAccountants, was appointed as Liquidator for the wind up.Dated this 14th day of December 2005Roderick M. SutherlandLiquidatorJirsch Sutherland Chartered AccountantsLevel 2, 84 Pitt StreetSydney NSW 2000Phone: 02 9233 2111Fax: 02 9233 2144SAM WHO: Court Orders Winding Up--------------------------------On Dec. 14, 2005, the Supreme Court of Victoria ordered thewinding up of Sam Who Co. Pty Limited, and appointed Mr. JamesStewart to be the Company's Official Liquidator.Dated this 23rd day of December 2005James StewartLiquidatorFerrier HodgsonLevel 29, 600 Bourke StreetMelbourne Vic 3000SOFT CENTRE: Creditors Resolve to Wind Up Firm----------------------------------------------Notice is hereby given that on Dec. 15, 2005, the creditors ofSoft Centre Australia Pty Limited resolved to wind up theCompany voluntarily.Dated this 15th day of December 2005Daniel P. JuratowichBruno A. SecatoreLiquidatorsBentleys MRILevel 7, 114 William StreetMelbourne Vic 3000STIRLING VENTILATION: Members, Creditors Meet to Discuss Wind Up----------------------------------------------------------------Notice is given that a final meeting of the members andcreditors of Stirling Ventilation Pty Limited will be held onJan. 23, 2006, 10:00 a.m. at the offices of Lawler Partners, 763Hunter Street, Newcastle West NSW 2302, to receive theLiquidator's account showing the manner of the Company's windingup and disposal of property, and to hear any explanations thatmay be given by the Liquidator.Dated this 20th day of December 2005R. G. TolcherLiquidatorLawler Partners Chartered Accountants763 Hunter Street, Newcastle West NSW 2302TEAGIN PTY: Enters Voluntary Liquidation----------------------------------------Notice is hereby given that at a meeting of the members andcreditors of Teagin Pty Limited held on Dec. 22, 2005, thefollowing Special Resolution was passed:That as it is unable to pay its debts as and when they fall due,the Company be wound up voluntarily, and that Mr. GeoffreyMcDonald be appointed as Liquidator for such purpose.Geoffrey McDonaldLiquidatorC/o Hall ChadwickLevel 29, 31 Market StreetSydney NSW 2000TELSTRA CORPORATION: Works Things Out with Telecom NZ-----------------------------------------------------Telecom Corporation of NZ Limited (TEL) and Telstra Corporation(TLS) subsidiary, TelstraClear on Friday announced that theyhave signed an agreement on a number of longstanding issues,according to Egoli News.The agreement includes interconnection, wholesaling andUnbundled Bitstream Service (UBS).Under the contract, Telecom NZ will provide a wholesale discountof 5% for Homeline service and 18% for other wholesale services.Wholesale discount for Homeline service is currently at 2%,while discounts for other wholesale services are currently at16%.In addition, the interconnection rate will be set at 1c perminute and Telecom NZ will supply TelstraClear with two UBSservices with maximum possible download speeds of 256kbps and3584kbps at $26 and $30 respectively. The two plans will beavailable to both residential and business customers.Telecom NZ will also pay TelstraClear a one-off amount of $17.5million as settlement of a number of longstanding commercialissues between the two companies, principally backdating ofpricing.Telecom NZ's general manager wholesale service, Mr Tim Lusk saidthe agreement was possible because both parties had focused onsettling outstanding issues and delivering wholesale UBSservices as quickly as possible."We have always believed negotiated solutions are moresustainable and better for customers than regulated outcomes, sowe were happy to help TelstraClear introduce nationwidebroadband services more quickly," he said."Broadband is gaining real momentum in New Zealand and it willbe good for the whole market to have a player withTelstraClear's scale increasing its activity."With this agreement, Telecom NZ will provide UBS services toTelstraClear via a commercial deal rather than via termsoutlined in the Commission's December determination.This agreement also means that a number of pending regulatoryapplications can be withdrawn.CONTACT:Telstra CorporationLevel 41 - Telstra Centre, 242 Exhibition Street,Melbourne, Victoria, Australia, 3000Telephone: (03) 9634 6400Fax: (03) 9632 3215Web site: http://www.telstra.com.au/VILLAGE LIFE: Mystery Buyer Grabs Stake---------------------------------------A mystery buyer has snapped up 13.5 percent of retirementvillage operator Village Life in one trade.According to The Sydney Morning Herald, the purchase sparkedspeculations that Village Life could attract a takeover biddespite standing out as the All Ordinaries index's worstperforming stock for 2005.The AU$4.9-million trade came just days after shares in the firmnose-dived to an all-time low of 25 cents. The company's shareshave fallen 85 percent in the past 12 months.The crisis at Village Life, which triggered a series of profitdowngrades, was blamed on cost blowouts in the development ofnew retirement villages and poor occupancy levels.Amid growing interest in the retirement village sector from fundmanagers and investors such as Babcock & Brown and Macquarie,the flurry of trade was enough to push Village Life shares 11.5cents or 41 percent higher, to 39.5 cents.Market observers believe ING is the most logical buyers.However, a spokesman from the ING Real Estate Community LivingFund said he was unaware of any planned bid.There were also rumors Gold Coast property trust MFS could bebehind the bid.Some have ruled out PrimeLiving as a bidder because its businessmodel is entirely different to Village Life's.Village Life's third largest shareholder, Ray Catelan, wasidentified as one of the sellers in the mystery trade. Mr.Vatelan reportedly offloaded his 5.67 percent stake.Village Life's two largest shareholders, former managingdirector Tony Roberts and AMP, were unavailable to say whetherthey had sold their stakes to yesterday's buyer.CONTACT:Village Life Limited61 Park Road (PO Box 1162)Milton Queensland 4064 AustraliaTelephone: +61 7 3514 6400Facsimilie: +61 7 3514 6497Web site: http://www.villagelife.com.au/VILLAGE LIFE: Says Stake Buyer Unknown--------------------------------------Village Life admitted it was aware of the massive shares tradingon Thursday last week but said it was unaware of who acquiredthem, The Age reveals.The retirement home operator said the trade represented around13 percent of the company, which has sparked speculation of atakeover bid from a competitor."The board will continue to monitor the status of the company'sshareholding and, in accordance with its continuous disclosureobligations, will advise the market of any matters that come tothe board's attention that may have an impact on Village Lifeshares," the company said.VOLANTE GROUP: Panel Explains Decision on Commander Bid-------------------------------------------------------The Takeovers Panel has published its reasons for its decisionin relation to an application from Volante Group Limited inrelation to the proposed takeover offer by Commander CorporationPty Limited (Commander), a subsidiary of CommanderCommunications Limited, announced on Dec. 23, 2005.The Panel was concerned that the original bidder's statementcontained a number of errors (as agreed by Commander) and hadnot been prepared with the highest standards of care andaccuracy. The Panel decided that all of the issues raised in theapplication relating to errors in the original bidder'sstatement or announcement could suitably be dealt with by asupplementary bidder's statement dispatched with the originalbidder's statement, and that the draft supplementary bidder'sstatement tendered by Commander would be sufficient, with somerefinements requested by the Panel and accepted by Commander.The Panel did not accept that the issues relating to thedefeating conditions of the bid and to consent to cite providersof Australian Stock Exchange (ASX) prices would have merited adeclaration of unacceptable circumstances.On Commander undertaking to issue that supplementary bidder'sstatement, the Panel declined to commence proceedings inresponse to the application and released Commander from itsundertaking not to dispatch its bidder's statement without theprior consent of the Panel.The reasons of the Panel are available on the Panel's web siteat Decisions or athttp://bankrupt.com/misc/tcrap_volantegroup011306.pdf.The sitting Panel which considered the application was NerolieWithnall (Sitting President), Jeremy Schultz and Simon Withers.CONTACT:Nigel MorrisDirector, Takeovers PanelLevel 47, 80 Collins StreetMelbourne, VIC 3000Phone: +61 3 9655 3501E-mail: firstname.lastname@example.com Group LimitedBinary Centre, Level 1, 3 Richardson Place,Riverside Corporate Park,NORTH RYDE, NSW,AUSTRALIA, 2113Telephone: (02) 8870 2070Fax: (02) 8870 2139Web site: http://www.volante.com.auWA FISHER: Members Pass Winding Up Resolution---------------------------------------------At an extraordinary general meeting of WA Fisher DevelopmentsPty Limited held on Dec. 19, 2005, members resolved to wind upthe Company voluntarily, and to appoint Messrs. Justin Walsh andRick Dennis of Ernst & Young, Waterfront Place, Level 5, 1 EagleStreet, Brisbane, Qld 4000 as Liquidators of the Company.Dated this 19th day of December 2005Rick DennisJustin WalshLiquidatorsErnst & YoungWaterfront Place, Level 5, 1 Eagle StreetBrisbane Qld 4000Phone: 07 3243 3707WESTPOINT GROUP: Planners Admit Huge Fees-----------------------------------------A financial planning group belonging to Westpoint Group'smezzanine financing web admitted it received commissions as highas 10 percent to collect money from the public to bankroll theailing property group, according to The West Australian.Kebbel confirmed it has been paid commission in excess of 20percent for raising cash for Westpoint.The figure, however, was rejected by a spokesman for Kebbel andits Executive Chairman, Richard Beck. Mr. Beck was also themanaging director of Westpoint until he resigned inSeptember, two months before ASIC launched an array of legalactions against Westpoint and its network of mezzanine financecompanies. Mr. Beck has remained a director of financingcompanies.Mr. Beck's spokesman said Westpoint paid Kebbel no more than 10percent of the money raised from investors. From that,commissions of between 4 and 8 percent were paid to financialadvisers for putting their clients into Westpoint's schemes.The issue regarding commissions paid to financial advisers arecoming under the spotlight as the Australian Securities andInvestments Commission (ASIC) begins probing the role offinancial advisers in pushing their client's money intoWestpoint's high-risk, high-return development financingschemes.The savings of an estimated 4000 people are at risk as ASIC,receivers, administrators and liquidators work to unravel thenetwork of property developments, mezzanine finance schemes andcross-guarantees that underpinned Westpoint's nationaldevelopment activities.==============================C H I N A & H O N G K O N G==============================401 CLEANSING: Set to Shut Down Business----------------------------------------Notice is hereby given pursuant to Section 241 of the Hong KongCompanies Ordinance, Extraordinary General Meetings of theMembers of 401 Cleansing Services Limited will be held atMeeting Room 1, 5th Floor, Allied Kajima Building, 138Gloucester Road, Wanchai, Hong Kong, at 9:15 a.m. on February 9,2006, for the purpose of passing the following, if thought fit:By way of Special Resolution:"THAT it has been demonstrated to the satisfaction of thismeeting that the Companies cannot, by reason of its liabilitiesand other matters, continue its business and should be wound upvoluntarily pursuant to the provisions of the Hong KongCompanies Ordinance."By way of Ordinary Resolution:"THAT Cosimo Borrelli and Kelvin Edward Flynn of Alvarez &Marsal Asia Limited, 5th Floor, Allied Kajima Building, 138Gloucester Road, Hong Kong be nominated as Joint and SeveralLiquidators of the Companies."Members entitled to attend and vote at the meeting may appoint aproxy to attend and vote in their place. A proxy need not be aMember of the Companies.Proxies must be lodged at 5th Floor, Allied Kajima Building, 138Gloucester Road, Wanchai, Hong Kong not later than 12:00 p.m. on8 February 2006.Dated this 13th day of January 2006401 CONCEPT: Commences Winding Up Process-----------------------------------------Notice is hereby given pursuant to Section 241 of the Hong KongCompanies Ordinance, Extraordinary General Meetings of theMembers of 401 Concept Mall Development Limited will be held atMeeting Room 1, 5th Floor, Allied Kajima Building, 138Gloucester Road, Wanchai, Hong Kong, at 9:30 a.m. on February 9,2006, for the purpose of passing the following, if thought fit:By way of Special Resolution:"THAT it has been demonstrated to the satisfaction of thismeeting that the Companies cannot, by reason of its liabilitiesand other matters, continue its business and should be wound upvoluntarily pursuant to the provisions of the Hong KongCompanies Ordinance."By way of Ordinary Resolution:"THAT Cosimo Borrelli and Kelvin Edward Flynn of Alvarez &Marsal Asia Limited, 5th Floor, Allied Kajima Building, 138Gloucester Road, Hong Kong be nominated as Joint and SeveralLiquidators of the Companies."Members entitled to attend and vote at the meeting may appoint aproxy to attend and vote in their place. A proxy need not be aMember of the Companies.Proxies must be lodged at 5th Floor, Allied Kajima Building, 138Gloucester Road, Wanchai, Hong Kong not later than 12:00 p.m. on8 February 2006.Dated this 13th day of January 2006401 LIMITED: EGM Set for February 9-----------------------------------Notice is hereby given pursuant to Section 241 of the Hong KongCompanies Ordinance, Extraordinary General Meetings of theMembers of 401 (China) Limited will be held at Meeting Room 1,5th Floor, Allied Kajima Building, 138 Gloucester Road, Wanchai,Hong Kong, at 9 a.m. on February 9, 2006, for the purpose ofpassing the following, if thought fit:By way of Special Resolution:"THAT it has been demonstrated to the satisfaction of thismeeting that the Companies cannot, by reason of its liabilitiesand other matters, continue its business and should be wound upvoluntarily pursuant to the provisions of the Hong KongCompanies Ordinance."By way of Ordinary Resolution:"THAT Cosimo Borrelli and Kelvin Edward Flynn of Alvarez &Marsal Asia Limited, 5th Floor, Allied Kajima Building, 138Gloucester Road, Hong Kong be nominated as Joint and SeveralLiquidators of the Companies."Members entitled to attend and vote at the meeting may appoint aproxy to attend and vote in their place. A proxy need not be aMember of the Companies.Proxies must be lodged at 5th Floor, Allied Kajima Building, 138Gloucester Road, Wanchai, Hong Kong not later than 12:00 p.m. on8 February 2006.Dated this 13th day of January 2006BANK OF CHINA: Becomes EBS Spot Customer----------------------------------------EBS announced that the Bank of China (Beijing) has become itslatest EBS Spot customer.EBS Spot covers the world's established and emerging moneymarkets, delivering stability and reliability, facilitatingunbiased, orderly access to the global FX market. Every day 2000traders on 800 floors use EBS Spot to trade an average ofUSD$120 billion in FX transaction, in addition to 500,000 oz ofgold and four million oz of silver.As an EBS Spot customer Bank of China (Beijing), which conductsthe largest volume of FX transactions in China, has theadvantage of accessing the purest source of the world's Spot FXprices. Through EBS Spot Bank of China (Beijing) will gainaccess to unparalleled depth and liquidity in the G7 and otherleading currencies due the volume of transactions conducted onthe system.EBS Spot facilitates an orderly market by providing globalcounterparties access to the latest market prices through ananonymous screen-based technology. Designed by traders fortraders, EBS Spot permits viewing and executing transactions onthe screen at the same time, and has the benefit of showing apanel of six pairs per price allowing traders to buy and sell ata price they want, when they want it.Bank of China (Beijing) will install five desks on their tradingfloor in Beijing in January 2006.KC Lam, Head of Sales Asia Pacific, EBS says: "Spot FX tradinghas grown by 60.5% between April 2001 to April 2004 and withgold prices at record levels, banks in China are seeking FXpartners that help them to capitalize on the opportunities inthe market.""We're delighted that Bank of China (Beijing) has chosen to workwith EBS and are confident that the EBS Spot system will helpBank of China (Beijing) to increase revenues by allowing it todirectly enter the interbank FX market and access the tighterpricing and global liquidity."Mr. Xiaofan Sun, Global Head of FX, Bank of China (Beijing)explains: "As a leading bank in China with a growing presenceglobally, it's imperative for us to partner with the right FXfacilitator. The installation of EBS Spot ensures that our FXtraders maintain their competitive edge by gaining access to theG7 currencies at the best prices. This is the first step tobuilding a long and successful relationship with EBS."The announcement of Bank of China (Beijing) as an EBS Spotcustomer is the latest in a series of high profile client winsfor EBS in China and the Asia Pacific region, having recentlyannounced the significant partnerships with Agricultural Bank ofChina, China Construction Bank Corporation, Bank ofCommunications, and CITIC Industrial Bank as EBS Spot and EBSPrime customers. In addition, in May 2005 EBS signed Bank ofTokyo-Mitsubushi as its first Asia-based EBS Prime Bank, andStandard Chartered became the 18th Prime Bank in September 2005.This press release is lifted from EBS.CONTACT:EBS Head OfficeEBS Dealing Resources International Limited10 Paternoster SquareLondonEC4M 7DYUnited KingdomPhone: +44 (0) 20 7029 9000BANK OF CHINA: Launches New Foreign Exchange Management Products----------------------------------------------------------------Bank of China (BOC) plans to launch two new foreign exchangemanagement products on Thursday, China in Focus reports.Product A will be tagged to a basket of Hong Kong listed stocks,covering crude oil, banks, insurance and telecom sectors. Itwill be traded in Hong Kong dollars. Product B will be traded inUS dollars with a maturity of 15 months and will be linked tostock indexes, which is made up of 25 mainland companies withthe largest market value.CONTACT:Bank of China1 Fuxingmen Nei DajieBeijing, 100818, ChinaPhone: +86-10-6659-6688Fax: +86-10-6601-4024Web site: http://www.bank-of-china.comCHINA HAISHENG: Fails to Reveal End of Stabilization Period-----------------------------------------------------------China Haisheng Juice Holdings announced that the stabilizationperiod in connection with the Share Offer has ended on November27, 2005, and no stabilizing action was taken during thestabilizing period.The Over-allotment Option has not been exercised and lapsed.Due to an oversight, the company failed to make an announcementwithin 7 days after the end of the stabilizing period, that is,by December 4, 2005.CONTACT:China Haisheng Juice HoldingsRoom 1608, 16th Floor Nan Fung Tower173 Des Voeux Road Central, Hong KongCHINA LIFE: Morgan Stanley Downgrades Rating to 'Underweight'-------------------------------------------------------------Morgan Stanley said that the valuations for the stocks ofChinese insurance companies have become expensive and downgradedits rating for China Life Insurance (2628) from "Equal-weight"to "Underweight", Infocast News reports.The brokerage also trimmed its profit forecast for the insurer.It lowered its earnings per share (EPS) estimate to RMB0.35 fromRMB0.36 for 2005, to RMB0.42 from RMb0.46 for 2006.The brokerage says that bond yield rebound in the fourth quarterof 2005 was brief and did not prove to be sustainable, and thathas negative implications for investment yield outlook.Expectation of RMB appreciation drives strong demand for RMBdenominated assets. If the insurance companies are not able torebalance into higher yield investment assets in a prolonged lowbond yield environment, the risks are more likely to thedownside, said the brokerage firm.According to Chong Hing Securities, China Life has currentassets of HK$43.5 million in the year ended December 31, 2004,while current liabilities stood at HK$342.9 million.CONTACT:China Life Insurance Company Limited18th Floor, C.L.I. Building313 Hennessy Road, WanchaiHong KongPhone: 25458111Fax: 25444395Web site: http://www.chinalife.com.hkCLP HOLDINGS: Hong Kong Plans May Hurt Credit Quality-----------------------------------------------------Standard & Poor's Ratings Services said in an article releasedon January 12 that proposed changes to the Scheme of ControlAgreements (SCAs) under which Hong Kong electricity companiesoperate could have an impact on their credit quality.The article, titled 'Credit FAQ: Hong Kong's Electricity ReformProposals Won't Shock, But Could Rock Profitability', says thatwhile the Hong Kong government proposed in a recent report tocontinue the SCAs after they expire in 2008, it suggestssignificant changes to their framework, including lowering therate of return range.This could affect the financial performances of the twoelectricity operators, Hongkong Electric Co. Ltd. (HongkongElectric; A+/Stable/--) and CLP Power Hong Kong Ltd. (CLP Power;A+/Stable/A-1), as well as that of their respective parents, CLPHoldings Ltd. (A+/Stable/A-1) and Hongkong Electric HoldingsLtd. (A+/Stable/--).Standard & Poor's analyses the impact the proposals would haveon the credit quality of these companies and addresses othersignificant questions raised by the government's report."The financial profiles of the power companies are exceptionallystrong, leaving some capacity for their profiles to weaken whilethe current 'A+' ratings are maintained. Nevertheless, it ispossible that a severe reduction in the rate of return-say toabout 7% for the bulk of assets-could result in materiallyweakened credit quality, and trigger a negative outlook ordowngrade," says Standard & Poor's credit analyst Mary EllenOlson.The government's report, titled 'Stage II Consultation on theFuture Development of the Electricity Market in Hong Kong', wasreleased in December 2005. The key recommended changes include:lowering the permitted rate of return for power companies from13.5% to 7%-11%, depending on asset type; shortening the term ofthe SCAs from 15 years to 10 years; periodic review of key termsof the agreements, such as tariffs and development plans; andfinancial incentives to promote efficiency and environmentalconservation.The government will be soliciting comments on its proposalsuntil the end of March 2006. The feedback will be taken intoconsideration when negotiating new bilateral agreements with thepower companies that will take effect when the current SCAagreements expire in 2008.The FAQ article is available to subscribers of RatingsDirect,Standard & Poor's Web-based credit research and analysis system,at www.ratingsdirect.com.All Standard & Poor's research information is accessible for 24hours after publication on the public Web site atstandardandpoors.com. In the region/language dropdown menu,select Asia/English. Then select Credit Ratings in the left handnavigation bar. Finally, select the title of the item under theheading Commentary & News.GENERAL MOTORS: May Export Cheap Cars from China Factories----------------------------------------------------------General Motors plans to export vehicles from its Chinesedivision to developing markets to supply the world with cheaplybuilt vehicles, the Financial Times reported Thursday.The troubled U.S. carmaker is evaluating whether there issufficient demand for exports to markets such as India,Indonesia, the Middle East and South America and will make adecision later this year, Troy Clarke, head of GM's Asiandivision, said in an interview with the newspaper.Exports would be of the small vans and buses made by Wuling, acarmaker bought by GM and its Chinese partner, ShanghaiAutomotive Industry Corp, in 2004.CONTACTS:General Motors Corporation300 Renaissance CenterDetroit, MI 48265-3000Phone: 313-556-5000Fax: 313-556-5108Web Site: http://www.gm.comShanghai Automotive Industry Corporation (Group) Company489 Wei Hai Rd.Shanghai 200041, ChinaPhone: +86-21-2201-1888Fax: +86-21-2201-1777JILIN CHEMICAL: Notes Last Day of Dealings------------------------------------------Market participants are requested to note that dealings in the Hshares of Jilin Chemical Industrial Company Limited will ceaseafter the close of business on January 17, 2006 and listing ofwhich will be withdrawn with effect from 9:30 a.m. on January23, 2006.CONTACT:Jilin Chemical Industrial Company LimitedNo. 9 Longtan Rd., Longtan DistrictJilin 132021, ChinaPhone: +86-432-390-3912Fax: +86-432-302-8126LUCCI CREATION: Winding Up Hearing Fixed Dec. 7-----------------------------------------------Notice is hereby given that a Petition for the Winding up ofLucci Creation Limited by the High Court of Hong Kong was onDecember 7, 2005 presented to the said Court by the Director ofLegal Aid of the Government of the Hong Kong SpecialAdministrative Region of 27th Floor, Queensway GovernmentOffices, 66 Queensway, Hong Kong.The said petition is directed to be heard before the Court at9:30 a.m. on the February 1, 2006.Any creditor or contributory of the said company desirous tosupport or oppose the making of an order on the said petitionmay appear at the time of hearing by himself or his counsel forthat purpose.A copy of the petition will be furnished to any creditor orcontributory of the said company requiring the same by theundersigned on payment of the regulated charge for the same.(THOMAS E KWONG)For Director of Legal Aid27th Floor, Queensway Government Offices66 QueenswayHong KongNote: Any person who intends to appear at the hearing of thesaid petition must serve on or send by post to the abovenamed,notice in writing of his intention to do so. The Notice muststate the name and address of the person, or if a firm or his ortheir Solicitor (if any) and must be served or if posted, mustbe sent by post in sufficient time to reach the abovenamed notlater than six o'clock in the afternoon of January 31, 2006.MAE HOLDINGS: 1H05 Net Loss Widens to HK$22.8 Mln-------------------------------------------------Mae Holdings Limited posted a net loss of HK$22.835 million forthe fiscal first half ended October 31, 2005, compared to a netloss of HK$9.703 million a year ago, Infocast News reports.Loss per share was HK$0.058. No interim dividend was declared.CONTACT:Mae Holdings LimitedRoom 1001-100710/F, Lippo Sun Plaza28 Canton RoadTsimshatsui, KowloonHong KongPhone: 31253125Fax: 26948854Web site: http://www.mae.com.hkORIENTAL INVESTMENT: Postpones Result Announcement to Jan. 24-------------------------------------------------------------Oriental Investment Corporation Limited (0735) has postponed theannouncement of its results for the six months ended January 31,2005 from January 20, 2006 to January 24, 2006.According to Chong Hing Securities, Oriental Investment hascurrent assets of HK$21.46 million in the year ended April 30,2005, while its current liabilities stood at HK$137.94 millionin the same period a year earlier.CONTACT:Oriental Investment Corporation LtdRoom 904-5, Great Eagle Centre23 Harbour Road, WanchaiHong KongPhone: 21212221Fax: 21212227SHORTRIDGE LIMITED: In Creditors' Voluntary Liquidation-------------------------------------------------------Notice is hereby given that pursuant to Section 247 of theCompanies Ordinance (Chapter 32), the annual meetings ofcreditors and contributories of Shortridge Limited will be heldat the offices of Grant Thornton, 13th Floor, Gloucester Tower,The Landmark, 11 Pedder Street, Central, Hong Kong on January26, 2006 at the 11 a.m. and 11:30 a.m. respectively, for thepurposes of having an account laid before the meetings by theJoint and Several Liquidators of their acts and dealings and ofthe conduct of the winding-up.Creditors or contributories may vote either in person or byproxy. Proxies to be used at the meetings must be lodged at theoffices of Grant Thornton at 13th Floor, Gloucester Tower, TheLandmark, 11 Pedder Street, Central, Hong Kong or sent byfacsimile to (852) 2218 3500 not later than 4 p.m. on the daybefore the meeting or adjourned meetings at which they are to beused.Dated this 6th day of January 2006.Alan Chung Wah TangAlison Wong Lee Fung YingJoint and Several LiquidatorsTCL COMMUNICATION: Delays Dispatch of Circular----------------------------------------------Reference is made to the announcement of TCL CommunicationTechnology Holdings Limited dated December 22, 2005 in relationto the proposed increase in authorized share capital andproposed open offer of new shares.The Announcement has indicated that the Company will dispatch tothe Shareholders a circular (the Circular) containing, interalia, the proposed increase in authorized share capital and theOpen Offer on January 13, 2006. As additional time is requiredfor preparation of the Circular (including the letter of adviceof the independent financial adviser) in respect of certainfinancial information of the Group, the Company will delay thedispatch of the Circular to a date not later than January 20,2006. Save for the date of dispatch of the Circular, other datesstated under the Section headed ``Expected Timetable'' in theAnnouncement will remain unchanged.For the nine months ended September 30, TCL Communicationincurred a net loss of HK$1.3 billion, The Standard reports.CONTACT:TCL Communication Technology Holdings Limited33 Canton Rd Tsimshatsui KowloonHong KongPhone: (86) 755 3331 3042Fax: (86) 755 3331 3007=========I N D I A=========IT PEOPLE: Unveils Outcome of Board Meeting-------------------------------------------IT People India Ltd announced that the Board of Directors of theCompany at its meeting held January 09, 2006, inter alia, has,subject to the necessary compliances and directions of the StockExchanges / SEBI or any appropriate authority, considered thefollowing business:1. Issue of 5% Redeemable Optionally Convertible Bonds (ROCS) ofthe face value of INR80/- not exceeding the total value of INR60million to the Promoters of the Company.2. To raise funds way of various options that may be availableand at such times as the Board may think fit by way of PublicIssue, Rights Issue, ADR / GDR etc, to such persons as may bedetermined by the Board up to an aggregate value of INR1,250million.3. To Increase the Authorized Share Capital from present 150million to INR250 million.4. Proposed Split up of the equity shares of the Company fromthe present face value of INR10/- per share to INR2/- per sharesubject to approval of members.5. Extra Ordinary General Meeting for passing of necessaryresolutions is proposed to be held on February 10, 2006.CONTACT:IT People India LtdS V Road, A K Industrial Estate,Veer Savarkar Flyover, Goregaon (W)Mumbai 400062MaharashtraPhone: 28786600 28786601 28786602Fax: 28783939IT PEOPLE: Notes Change in Directorate--------------------------------------IT People India Ltd advised that the following changes indirectorate have taken place at the meeting of the Board ofDirectors of the Company, held on January 09, 2006:1. Mr. Adi Cooper, was appointed as Whole Time Director and ViceChairman of the company with effect from October 11, 2005.2. Resignation of Mr. Vikram Shah as Director w.e.f. October 05,2005, due to his preoccupancy was noted by the Board ofDirectors of the Company.Further the Company has informed that that the following changesin directorate have taken place by way of Circular Resolutionpassed by the Board of Directors of the Company on December 31,2005:1. Mr. Kishore Hegde appointed as Non Executive IndependentDirector on the Board of the Company with effect from December31, 2005.2. Mr. M N Chaturvedi appointed as Non Executive IndependentDirector on the Board of the Company with effect from December31, 2005.MODIPON LIMITED: Refutes IFCI's Notice--------------------------------------With reference to the earlier announcement regarding receipt ofa Notice from IFCI for conversion of defaulted installments ofloans of INR23.76 million into fully paid up Equity Shares ofINR10/- each at par, Modipon Ltd has announced that the Companyhas sent necessary reply to IFCI Ltd intimating that Notice iscontrary to the terms of the Loan Agreement, unwarranted,untenable in law and hence liable to be withdrawn.CONTACT:Modipon LtdModinagarGhaziabad 201204Uttar PradeshSILVERLINE TECHNOLOGIES: In Talks for One Time Settlement---------------------------------------------------------Silverline Technologies Ltd announced that under FinancialRestructuring Process initiated by their Corporate Advisors M/s.Firstcall India Equity Advisors Pvt Ltd., the Company isnegotiating with various banks for One Time Settlement.The Company is confident of reaching an amicable One TimeSettlement with various Banks and Financial Institutions.CONTACT:Silverline Technologies Ltd1405, Maker Chamber V, Nariman PointMumbai 400021MaharashtraPhone: 22049161Fax: 22021131=================I N D O N E S I A=================GARUDA INDONESIA: Investors Ask to Conduct Road Show----------------------------------------------------Potential investors have asked troubled state carrier PT GarudaIndonesia to conduct a roadshow to cooperate in a strategicalliance, reports Asia Pulse.Minster for State Enterprises Sugiharto said that the Companyhas been lobbying for such a request. He added that many foreignfirms were interested in conducting a strategic alliance withGaruda Indonesia. The Company is slated to visit Australia,Europe, the Middle East and Southeast Asia in the road show.In order for Garuda Indonesia to compete with internationalairlines, it has to cooperate in a strategic alliance with itsinvestors, according to Minister Sugiharto. In the first stages,strategic cooperation would mean managing the Company, and apossible acquisition later on. Relating to the acquisition, theCompany would keep its name, "Garuda'" and the government wouldretain a controlling 51% stake.Garuda Indonesia halted its debt payments due last December 2005due to a lack of funds, but continues to pay interest on itsdebt to its European Credit Agency creditors.CONTACT:PT Garuda IndonesiaGaruda Indonesia Bldg.,Jalan Merdeka Selatan No. 13Jakarta, 10110, IndonesiaPhone: +62 21 231 0082Fax: +62 21 231 1679Web site: http://www.garuda-indonesia.comKIANI KERTAS: Singapore Firm Acquires Funds for Takeover Bid------------------------------------------------------------Singapore firm United Fiber System Ltd (UFS) announced on Jan.12, 2006 that it has lined up the necessary funds for theacquisition of pulp mill PT Kiani Kertas and to refinance theCompany's existing creditors, including Bank Mandiri.Kiani Kertas creditor Kingsclere Finance Limited (Kingsclere)informed UFS that it signed an exclusive sales and purchaseagreement with the Company's existing shareholders to acquireall its issued and outstanding share capital.UFS said that it is in an advanced stage of negotiations withKingsclere for the transfer of the agreement to UFS. "Thisfunding will provide UFS with a solid financial capacity toacquire PT Kiani Kertas as well as addressing the rights andinterests of its creditors," said UFS CEO Kishore Dass.He reiterated that UFS is still pursuing the acquisition of PTKiani Kertas in spite of all its complications, because thefacility will give UFS an operationally-ready pulp mill and anew revenue stream. "The acquisition will provide us a platformto realize our vision of becoming a world-class market pulpplayer in this region," he said.Mr. Dass added that Kingsclere informed UFS that Kingsclere andPT Kiani Kertas's shareholders are actively involved in ongoingdiscussions with creditors, including Bank Mandiri.CONTACT:PT Kiani KertasBidakara Building, 9th FloorJl. Gatot Subroto Kav. 71-73Jakarta, 12870IndonesiaPhone : +62(021)8379-3211Fax: +62(21)8379-3215Web site: http://www.kiani.comPERTAMINA: Develops 15 Oil Blocks with Contractors--------------------------------------------------State oil firm PT Pertamina will develop 15 oil blocks togetherwith contractors through its subsidiary PT Pertamina EP, AsiaPulse reports.Pertamina EP manages the Company's mainstream operations, andcurrently has 142,170 square kilometers of concession areas,including undeveloped, old and operational oil blocks.In cooperating with contractors, the Company hopes to hasten theoperation of the oil blocks owned by Pertamina EP. The blocksare located in eastern Indonesia, Java, Kalimantan and Sumatra.Pertamina's concession areas currently produce up to 135,000barrels of crude oil on a daily basis.CONTACT:PT Pertamina TbkJalan Merdeka, Timur No. 1 AJakarta 10110IndonesiaPhone: (62)(21) 3815111Fax: 3846865/ 3843882Web site: http://www.pertamina.comPERTAMINA: Set to Import 8.5 Million Barrels of Fuel in March-------------------------------------------------------------State-owned oil and gas firm PT Pertamina plans to import up to8.5 million barrels of fuel in March, reports Dow Jones.According to Pertamina Marketing Director Ari Sumarno, theCompany will use the fuel imports to meet local demand.Previous reports, however, cited the Company as cutting its fuelimports for next month due to decreased consumption. Pertaminawill import 7.6 million barrels of oil for February, instead ofa planned 8.6 million barrel import.Pertamina's current fuel stock level is enough to coverconsumption for 28 days, and it aims to reduce it to a morenormal 20-day to 22-day level, so as to reduce costs.PERUSAHAAN LISTRIK: Government Considers Subsidy Increase---------------------------------------------------------The Indonesian government is reviewing the possibility ofincreasing the fuel subsidy for state power firm PT PerusahaanListrik Negara (PLN), Asia Pulse reports.Under the 2006 state budget, PLN will receive a IDR15 trillionfuel subsidy, assuming that the global fuel price stands atUSD57 per barrel.The Company is expected to post a IDR23 trillion loss this year,and must therefore increase the electricity tariff if it doesn'treceive a higher fuel subsidy to operate its oil-powered plants.Finance Minister Sri Mulyani said that PLN would need a IDR38trillion subsidy to meet the power demands of the nation'sresidential and industrial areas.PLN President Eddie Widiono said that the government can eitherincrease the Company's proposed fuel subsidy or raise powerrates to cope with the losses. The government has set up aspecial team to study a possible subsidy increase for theCompany.CONTACT:PT Perusahaan Listrik Negara (Persero)Jl. Trunojoyo Blok M-1 No. 135, Kebayoran BaruJakarta, 12160, IndonesiaPhone: 62 21 725 1234Fax: 62 21 722 1330Web site: http://www.pln.co.id=========J A P A N=========DAIEI INCORPORATED: Introduces 54 New Entrees---------------------------------------------Daiei Incorporated will launch 54 new precooked dishes at itsstores nationwide to boost sales by 10 percent year-on-year,Japan Times reports, citing Chairwoman Fumiko Hayashi andPresident Yasuyuki Higuchi.Ms. Hayashi urges customers to try the firm's new precookedproducts with President Yasuyuki Higuchi (right) and a chef fromTsuji Cooking School at its outlet in Urayasu, Chiba Prefecture.The company aims to stop using artificial colors andpreservatives in the prepackaged meals, offer foods tailored tolocal tastes and increase the choice of vegetable dishes.CONTACT:Daiei Inc.4-1-1, Minatojima Nakamachi,Chuo-kuKobe 650-0046, JapanPhone: +81-78-302-5001Fax: +81-3-3433-9226FUJITSU LIMITED: To Expand Hard Disk Drive Business---------------------------------------------------Fujitsu Limited recently announced strategic measures to expandits hard disk drive (HDD) business. Fujitsu will be expandingits line of 2.5-inch models and also entering the 1.8-inch smallform factor HDD market.The company has been focusing on 2.5-inch HDDs for mobile PCsand 3.5-inch models for enterprise server and network storagesystems, and due to the high quality and technologicaladvancement of its products, held second-largest market shareworldwide in both sectors in 2005(1). Fujitsu will be focusingits resources in markets where significant growth is expected,aiming to double unit sales and secure its position as theworld's third-largest overall supplier of HDDs in fiscal 2008.2.5-inch HDDs for Mobile PCsIn the mobile PC HDD market, Fujitsu will offer high-capacity200GB products in fiscal 2006 to meet rapid growth in demandrelated to the burgeoning popularity of audio visual-orientedPCs. In addition, the company plans to introduce 7,200 rpm HDDsfor high-end PCs, as well as HDDs incorporating perpendicularmagnetic recording technology during the same fiscal year. Italso plans to introduce models capable of withstanding extremeheat and cold for automotive and other non-PC applications. Withthis expanded product lineup, Fujitsu aims to capture 30% ofthis global market segment.2.5-inch and 3.5-inch HDDs for Enterprise SystemsIn addition to its flagship 3.5-inch HDDs for enterpriseservers, Fujitsu will also pursue further performance gains in2.5-inch form factor HDDs, reflecting the trend to downsizing.For interfaces, the company will concentrate on the increasinglypopular serial-attached SCSI (SAS) interface. In fiscal 2006, itplans to offer high-speed, high-capacity 2.5-inch and 3.5-inchmodels running at 10,000 rpm with 147GB capacity and 15,000rpmwith 300GB capacity, respectively, for use in enterprise systemsthat require both high performance and high reliability. Fujitsulikewise aims to win a 30% share of this global market segment.1.8-inch HDDsFujitsu will enter the market for small form factor 1.8-inchHDDs for application in portable music players, video cameras,and ultra-portable notebooks that are rapidly increasing inpopularity. To accelerate development in this new sector,Fujitsu will jointly develop products with Cornice Inc.(2), andis planning to introduce a 120GB model in the first half offiscal 2007. By combining Fujitsu's experience and technology indeveloping 2.5-inch HDDs with Cornice's experience andtechnology in developing 1-inch hard drives for consumerelectronics, Fujitsu intends to quickly develop and bring highlyreliable products to the market.About FujitsuFujitsu is a leading provider of customer-focused IT andcommunications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing andcommunications products, and a worldwide corps of systems andservices experts uniquely position Fujitsu to delivercomprehensive solutions that open up infinite possibilities forits customers' success. Headquartered in Tokyo, Fujitsu Limited(TSE: 6702) reported consolidated revenues of 4.7 trillion yen(US$44.5 billion) for the fiscal year ended March 31, 2005. Formore information, please see www.fujitsu.comPress ContactsFujitsu LimitedPublic and Investor RelationsCustomer ContactsFujitsu LimitedMarketing Department Storage Products Group Tel: +81-44-754-2130 (direct)E-mail: email@example.com AIRLINES: JCR Assigns BBB Rating--------------------------------------Japan Credit Rating Agency (JCR) has assigned a preliminary BBBand a BBB/Negative rating to the shelf registration and seniordebts of Japan Airlines Corporation (JAL). It has also assigneda BBB/Negative rating to senior debts of Japan AirlinesInternational.Japan Airlines estimates that it would incur a pretax lossbefore extraordinary items of JPY57 billion for fiscal yearthrough March 31, 2006. It is not likely that the weak financialstructure will improve for the near future. JCR factored inqualitative evaluations such as high evaluations on safety anduser-friendliness relative to overseas airlines, Japanesepeople's preference and tangible and intangible support to beextended from the government on the back of the public nature ofthe business. However, rating outlook is negative.CONTACT:For further information contact:E-mail: email@example.com email@example.com: 81-3-5460-3109Fax: 81-3-5769-6487Web site: www.jal.com/en/corporateNIPPON ELECTRIC: Rating Outlook Revised to Positive---------------------------------------------------Standard & Poor's Ratings Services revised its outlook on thelong-term corporate credit rating on Nippon Electric Glass Co.Ltd. to positive from stable, reflecting expectations that thecompany's decision to shift its business focus toward glasssubstrates for flat panel displays (FPD) will improve itsfinancial profile. At the same time, the 'BBB' long-termcorporate credit rating was affirmed.Nippon Electric Glass is a major manufacturer of glass productsfor cathode-ray tube (CRT) TVs. To address the rapid decrease indemand for CRT, the company is accelerating the restructuring ofits CRT glass business and shifting to FPD glass substrates."Although Nippon Electric Glass is a latecomer in the FPD glasssubstrates market, it has made progress in enhancing itsbusiness franchise in this field, backed by its strongtechnological capabilities in the area of specialty glass," saidStandard & Poor's credit analyst Makiko Yoshimura.Recently, Nippon Electric Glass succeeded in supplying substrateglass for FPDs to a Korean manufacturer. Given that competitionamong makers of substrate glass products for FPDs is moderate,the company is expected to benefit from increasing demand forthe products.Capital investment is likely to remain at a high level for thenext several years as Nippon Electric Glass enhances itsbusiness franchise for FPD. The rating could be raised if thecompany maintains the improving trend of its financial profilethrough absorbing its capital investment burden with enhancedearnings. On the other hand, the outlook could be revised tostable if its financial profile is eroded by such events as arapid deterioration of profitability in the CRT glass productsbusiness.CONTACT:Nippon Sheet Glass Company Limited2-1-7 Kaigan, Minato-kuTokyo 105-8552, JapanPhone: +81-3-5443-9522Fax: +81-3-5443-9566SANYO ELECTRIC: Morgan Stanley Becomes Top Shareholder------------------------------------------------------The Morgan Stanley group became the top shareholder of SanyoElectric Co. as of December 31 by acquiring an 8.83 percentstake, Japan Today reports.The stock purchase was requested by its clients and was not partof its proprietary trading.CONTACT:Sanyo Electric Co. Ltd.5-5 Keihan-Hondori, 2-chomeMoriguchi, Osaka 570-8677, JapanPhone: +81-6-6991-1181Fax: +81-6-6991-2086SANYO ELECTRIC: Canada Launches World's Smallest Digital Camera---------------------------------------------------------------Unveiled at the 2006 International CES, the SANYO Xacti HD1 isthe world's first, smallest and lightest high-definition compactdigital media camera.SANYO, the world's leading manufacturer of digital cameras andcomponents, designed the Xacti HD1 Digital Media Camera toeasily record both 720p high-definition video and 5.1 megapixeldigital still images to a standard SD flash memory card.It features a 2.2-inch SANYO-developed OLED (Organic Light-Emitting Diode) display that flips out from the camera androtates up to 285 degrees on axis for taking video or stillimages in otherwise difficult locations. The camera also sportsa 10x optical zoom lens and combined with a 10x digital zoomcapability, the HD1 is capable of a total 100x zoom. As with allprevious SANYO Xacti digital media cameras, the camera canrecord both 5.1 megapixel still images and high-definition (1280x 720-pixel) digital video at the same time with a simple pressof the shutter button during the shooting of a video clip.The HD1 can record more than 21 minutes of 720p HD video on a 1-Gigabyte SD card or more than 42 minutes on a 2-Gigabyte card.Alternatively, HD1 users can record in Standard Definition mode(640 x 480 pixels at 30fps progressive) for up to two hours on a2-Gigabyte SD card. Users can easily switch between high-definition and standard-definition recording modes. SD cards aresold separately.An ergonomic, one-handed grip and convenient, thumb-operablecontrols make the SANYO HD1 exceptionally easy to use.Lightweight at only 8.3 ounces (including battery and a standardSD memory card), the HD1 measures 80mm (W) x 110mm (H) x 36mm(W).The SANYO Xacti HD1 will be available in Canada in late March ata Manufacturer���s Suggested Retail Price (MSRP) of $1,099.99.Product images are available at www.ccnmatthews.com/sanyo/Other SANYO Xacti HD1 features include:- 16:9 widescreen format (HD-SHQ / HD-HQ modes)- 60 fps Fluid Motion Recording (640 x 480 TV-HR Mode)- Rapid Continuous still shooting- Pop-up flash with double the brightness of conventional models- Anti-shake digital image stabilizer- Talking navigation guide for first-time users- Super Macro shooting down to 1 cm (W) / 1 m (T)- Self timer (2 seconds / 10 seconds)- Voice recorder function: over 33 hours recording time withoptional 2 GB SD Memory Card- Red-eye reduction mode- Multifunction docking station- High-capacity SANYO rechargeable Lithium-ion battery- Remote control included- Exif Print and Print Image Matching III- PictBridge-capable for PC-Free printing with PictBridge-compatible printersFounded in 1958, SANYO Canada is based in Concord, Ontario (anindustrial suburb north of Toronto), employing 100 people acrossthe country. Founded in 1947 in Osaka, Japan, SANYO, whichstands for 'three oceans,' has $22 billion worldwide in sales.The company provides a full range of SANYO consumer andindustrial products including audio and video, digital cameras,wireless communication, LCD projectors and monitors, securityvideo, air conditioning and home appliance products. SANYO isalso the world's largest manufacturer of rechargeable batteries.Its environmental focus includes solar energy panel products,non-fluorocarbon refrigeration, and electric vehicle powersolutions (for the Ford Escape Hybrid). It is also a majormanufacturer of lab equipment and C02 incubators. Visitwww.sanyo.ca for more information.For information and to arrange interviews/demos, please contact:Mark LaVigne, APRPresident,Hunter LaVigne Communications Inc.905-841-2017 (office)416-884-2018 (cell)email@example.com AsaGeneral Manager, Digital ImagingSanyo CanadaPhone: (905) 760-4005 (office) (416) 705-7193 (cell)E-mail: firstname.lastname@example.com=========K O R E A=========CITIBANK KOREA: Under Yet Another Investigation-----------------------------------------------The Financial Supervisory Service launched in early December aninvestigation into Citibank Korea Inc. over derivatives tradinglosses, Associated Press reveals.The financial watchdog found it necessary to probe into the morethan KRW10 billion losses to find out whether the tradingactivities were properly managed. It also wants to find out thecause of the losses."After our regular inspection in October revealed derivatives-related losses that looked necessary for further investigation,we launched an extraordinary probe early December to find thecause of the losses and whether the trading activities wereproperly managed," said a Financial Supervisory Serviceofficial, who asked not to be named.But the official was mum on the details of the transaction underinvestigation. The regulator hasn't decided yet whether the caseis subject to a penalty or what the size of a possible penaltymight be.Citibank Korea declined to comment, saying it is checking thematter.Derivatives are complex financial instruments akin to contractswhose value depends on an underlying asset, such as a currencyor a commodity. They are used by financial companies to guardagainst losses from unexpected market movements.The probe is not the first for Citibank Korea. Last year, theCompany was investigated for charging a higher fixed interestrate on mortgage products with a floating rate. Citibankreasoned out that the incident was caused by a technical error.In December it gave customers a rebate to the overchargedinterest.CONTACT:Citigroup PAO OfficeCitibank Korea Inc.39, Da-Dong, Chung-guSeoul, Korea 100-180Telephone: 82-2-3455-2114Fax: 82-2-3455-2966Media MattersSun-Oh ParkTelephone: 82-2-3455-2340Administrative MattersKun-Sang KimTelephone: 82-2-3705-0609===============M A L A Y S I A===============AFFIN HOLDINGS: Issues New Shares for Listing, Quotation--------------------------------------------------------Affin Holdings Berhad advised that its additional 522,000 newordinary shares of MYR1.00 each issued pursuant to theEmployees' Share Option Scheme will be granted listing andquotation by Bursa Malaysia Securities Berhad with effect from9:00 a.m., Monday, January 16, 2006.CONTACT:Affin Holdings BerhadJalan Bukit Bintang55100 Kuala Lumpur, Kuala Lumpur 55100MalaysiaTelephone: +60 3 2142 9569 +60 2143 1057AMBB CAPITAL: Preference Shares Rated (P)Ba2 by Moody's-------------------------------------------------------AMBB Capital (L) Ltd.--AmBank (M) Berhad's wholly owned specialpurpose vehicle received from Moody's Invetors Service a ratingof (P)Ba2 to its proposed issue of perpetual, non-cumulativenon-voting guaranteed preference shares.The rating reflects the issue's structure, AmBank's subordinatedguarantee, and Malaysia's supportive regulatory regime. Theoutlook for the rating is stable.Typical of many Tier I capital-qualifying issues, the dividendson AMBB Capital's preference shares are non-cumulative and maybe limited under certain circumstances. If implemented, suchprovisions, while not legally constituting an event of default,could result in payment terms appreciably different from seniorsecurities.This distinction as well as the preference shares' ranking inliquidation (after subordinated debt, but before common shares)is reflected in the three-notch rating differential betweenAmBank's Baa2 long-term deposits and this issue.The rating is subject to receipt of final documentation, theterms and conditions of which have not been changed materiallyfrom the draft documents on which this rating is based.Headquartered in Kuala Lumpur, AmBank reported total assets ofMYR51.6 billion (US$13.7 billion) as at September 30, 2005.ANTAH HOLDING: AGM Slated Next Month------------------------------------Notice is hereby given that the Twenty-Eighth Annual GeneralMeeting of Antah Holding Berhad will be held at Grand SeasonsBallroom, 2nd Floor, Grand Seasons Hotel, No. 72, Jalan Pahang,50350 Kuala Lumpur on Thursday, February 9, 2006 at 10:00 a.m.for the following purposes:Agenda(1) To receive the Audited Financial Statements for thefinancial year ended June 30, 2004 together with the Reports ofthe Directors' and the Auditor's thereon. (Resolution 1)(2) To approve the payment of Directors' Fees for the financialyear ended June 30, 2004. (Resolution 2)(3) To re-elect, the following Directors, who retire pursuant toArticle 104 of the Company's Articles of Association and beingeligible, have offered themselves for re-election:(a) Mr. Ong Lai @ Ong Kong Lai(b) Encik Jaleeludeen Bin Abu Baker(c) Mr. Cedric Choo Sia Teik(Resolution 3)(Resolution 4)(Resolution 5)(4) To re-elect the Director, Y. Bhg. Dato' Mohd Shahar BinAbdul Hamid who retire pursuant to Article 99 of the Company'sArticles of Association, and being eligible, has offered himselffor re-election. (Resolution 6)(5) To appoint Auditors and to authorize the Directors to fixtheir remuneration.Notice of Nomination pursuant to Section 172(11) of theCompanies Act, 1965 has been received by the Company for thenomination of Messrs. Lean Chin & Co. (a member firm of RussellBedford International), who has given their consent to act, forappointment as Auditors and of the intention to propose thefollowing ordinary resolution:"That Messrs. Lean Chin & Co. (a member firm of Russell BedfordInternational) be and are hereby appointed as Auditors of theCompany in place of the retiring auditors, Messrs. BDO Bindersto hold office until the conclusion of the next Annual GeneralMeeting at a remuneration to be determined by the Directors."(Resolution 7)By Order of the BoardChua Siew Chuan(MAICSA 0777689)Company SecretaryKuala Lumpur12 January 2006Notes:A member entitled to attend and vote is entitled to appoint oneor more proxies to attend and vote in his stead. A proxy may butneed not be a member of the Company and the provision of Section149 (1)(b) of the Companies Act, 1965 shall not apply to theCompany.The instrument appointing a proxy and the power of attorney orother authority, if any, under which it is signed or notariallycertified copy of such power of authority, must be deposited atthe Company's Registered Office at Level 7, Menara Milenium,Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights,50490 Kuala Lumpur not less than 48 hours before the timeappointed of holding the above meeting and at any adjournmentthereof.The instrument appointing a proxy shall be in writing under thehand of the appointor or of his attorney duly authorized inwriting or if the appointor is a corporation, either under thecorporation's seal or under the hand of an officer or attorneyduly authorized.Where a member appoints more than one (1) proxy, the appointmentshall be invalid unless he specifies the proportion of hisshareholding to be represented by each proxy.CONTACT:Antah Holding Berhad9577 Jalan SS16/1 Subang Jaya47500 Petaling Jaya SelangorTelephone: 03-5632 8668Fax: 03-5635 1234ANTAH HOLDING: Auditors Fail to Give Opinion on FS--------------------------------------------------Further to Antah Holding Berhad's announcement on January 9,2006 made pursuant to Practice Note No. 17/2005, the Companyadvised Bursa Malaysia Securities Berhad that as per theCompany's latest audited financial statements released onDecember 30, 2005, the Auditors reported that they are unable toexpress an opinion as to whether the financial statements of theGroup and the Company have been prepared in accordance with theprovisions of the Companies Act, 1965 and applicable approvedaccounting standards in Malaysia so as to give a true and fairview of:(i) The matters required by Section 169 of the Companies Act,1965 to be dealt with in the financial statements; and(ii) The state of affairs of the Group and the Company as atJune 30, 2004 and of the results and cash flows of the Group andthe Company for the financial year ended on that date.This announcement is dated 11 January 2006.AVANGARDE RESOURCES: To Convene AGM Next Month----------------------------------------------Notice is hereby given that the Sixth Annual General Meeting ofAvangarde Resources Berhad will be held at the Tioman Room,Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil,57000 Kuala Lumpur, on Monday, February 6, 2006 at 9:00 a.m. forthe following purposes:Agenda(1) To consider the following resolutions, with or withoutmodifications, as ordinary resolutions:(1.1) To receive the Audited Financial Statements for thefinancial year ended December 31, 2002 together with the Reportsof the Directors and Auditors thereon. (Resolution 1)(1.2) To seek shareholders' approval to receive the AuditedFinancial Statements for the financial years ended December 31,2003, December 31, 2004 and December 31, 2005 together with theReports of the Directors and Auditors thereon, at an adjournedgeneral meeting to be held at a later date.(Resolution 2)(2) To approve the Directors' Fees for the financial year endedDecember 31, 2002. (Resolution 3)(3) To re-elect Mr. Ahmad Bin Abu Bakar retiring in accordancewith Article 83 of the Articles of Association of the Company.(Resolution 4)(4) To re-elect Mr. Abdul Razak Bin Abdul retiring in accordancewith Article 90 of the Articles of Association of the Company.(Resolution 5)(5) To re-elect Mr. Tamunif Bin Mokhtar retiring in accordancewith Paragraph 7.28 of Bursa Malaysia Listing Requirements.(Resolution 6)(6) To appoint Auditors and to authorize the Directors to fixtheir remuneration.Notice of Nomination pursuant to Section 172(11) of theCompanies Act, 1965, two (2) copies of which are annexed in theAnnual Report have been received by the Company for thenomination of Messrs Kreston John & Gan who have given theirconsent to act, for appointment as Auditors and of the intentionto propose the following Ordinary Resolution:"THAT Messrs Kreston John & Gan be and are hereby appointed asAuditors of the Company for the financial years ended December31, 2003, December 31, 2004 and December 31, 2005 in place ofthe retiring Auditors, Messrs KPMG Desa Megat & Co, who do notwish to seek for re-appointment as Auditors of the Company, andto hold office until the conclusion of the next Annual GeneralMeeting at a remuneration to be agreed between the Directors andthe Auditors." (Resolution 7)(7) As special business, to consider and if thought fit, topass, with or without any modifications, the following OrdinaryResolution:Authority to Directors to Issue Shares"That subject always to the Companies Act, 1965, the Articles ofAssociation of the Company and the approvals of the relevantgovernment and/or regulatory authorities, the Directors be andare hereby authorized, pursuant to Section 132D of the CompaniesAct, 1965, to allot and issue shares in the Company from time totime at such price, upon such terms and conditions, for suchpurposes and to such person or persons whomsoever as theDirectors may, at their absolute discretion deem fit andexpedient in the interest of the Company, provided that theaggregate number of shares to be issued pursuant to thisresolution does not exceed 10 percent of the issued and paid-upshare capital of the Company for the time being AND THAT suchauthority shall continue in force until the conclusion of thenext Annual General meeting of the Company and that theDirectors be and are also empowered to obtain the approval fromthe Bursa Malaysia Securities Berhad for the listing of andquotation for the additional shares so issued. (Resolution 8)(8) To transact any other ordinary business of which due noticeshall have been given.By Order of the BoardTan Kai JongTan Lin HongCompany SecretariesKuala Lumpur13 January 2006Notes:(1) A proxy may but need not be a member of the Company and theprovision of Section 149(1)(b) of the Act shall not apply.(2) To be valid this form, duly completed must be deposited atthe Registered Office of the Company at 2nd Floor, 17 & 19,Jalan Brunei Barat, Pudu, 55100 Kuala Lumpur, Malaysia not lessthan 48 hours before the time appointed for holding the meeting.(3) A member shall be entitled to appoint more than one (1)proxy to attend and vote at the same meeting provided that theprovisions of Section 149(1)(d) of the Act are complied with.(4) Where a member appoints more than one (1) proxy, theappointments shall be invalid unless he specifies theproportions of his holdings to be represented by each proxy.(5) If the appointor is a corporation, this form must beexecuted under its common seal or under the hand of an officeror its attorney duly authorized.(6) Explanatory Notes on Special BusinessResolution 8 - Authority To Directors to Issue SharesThe ordinary resolution proposed in Agenda 7 above, if passed,will empower the Directors of the Company to issue shares in theCompany up to an aggregate number not exceeding 10 percent ofthe issued share capital of the Company for the time being forsuch purposes as they consider would be in the interest of theCompany. This authority unless previously revoked or varied at ageneral meeting will expire at the next Annual General Meeting.CONTACT:Avangarde Resources Berhad2nd Floor, 17 & 19, Jalan Brunei Barat,Pudu 55100, Kuala Lumpur MalaysiaTelephone: (60) 3 242 6689Fax: (60) 3 244 1854AVANGARDE RESOURCES: Issues Update to Unit's Wind Up Process------------------------------------------------------------Avangarde Resources Berhad furnished Bursa Malaysia SecuritiesBerhad details of the petition by Ceratrade (M) Sdn. Bhd. towind-up Jayarena Construction Sdn. Bhd., a wholly ownedsubsidiary of Avangarde Resources Berhad for a claim ofMYR53,281.58.The Company refers to its announcement dated January 11, 2006(Ref: CM-060111-35773) in reply to the Exchange's query letterdated January 9, 2006 (Ref: CY-060109-42589) and the Companyadvised that:(1) There are no operational impacts on Jayarena ConstructionSdn Bhd as a result of the above proceeding.To view a full copy of the Query Letter, clickhttp://bankrupt.com/misc/AvangardeResourcesBerhad011106.pdfAYER HITAM: Sees No Changes to Payment Default Status-----------------------------------------------------Ayer Hitam Tin Dredging Malaysia Berhad (AHTIN) submitted toBursa Malaysia Securities Berhad a monthly status announcementon default in payment.Pursuant to Practice Note No. 1/2001, AHTIN provided theExchange with an update on its default in payments position asat December 31, 2005 as shown in Table A.The total default by AHTIN Group in principal sums plus interestas at December 31, 2005 amounted to MYR39,399,498.50. Thedefault in payments owed to the lenders are in respect of theterm loan and syndicated term loan as per the Company'sannouncement made on August 27, 2004.Save as disclosed in Table A, there is no other materialdevelopment which requires an announcement since the previousmonthly announcement on December 19, 2005 with regard to thisPractice Note.To view Table A, clickhttp://bankrupt.com/misc/AyerHitam011106.pdfThis announcement is dated 11 January 2006.CONTACT:Ayer Hitam Tin Dredging Malaysia Berhad8 Jalan Raja Chulan50200 Kuala Lumpur, 50200MalaysiaTelephone: +60 3 2031 9633 /+60 3 2031 6920GEORGE TOWN: To Make Representation to Avoid Delisting------------------------------------------------------George Town Holdings Berhad advised Bursa Malaysia SecuritiesBerhad that it has appealed against a Notice to Show Causeissued on the January 3, 2006 from Bursa Malaysia SecuritiesBerhad (Bursa Securities) to delist the Company.The decision to delist the Company by Bursa Securities issubject to any representation from the Company and after thedecision on any appeals from the Company, if any, in the eventBursa Securities rejects the representation from the Company.In this respect, the Company advised that:(a) The Company has been accorded five market days by BursaSecurities to make written representations to Bursa Securitiesas to why its securities should not be removed from the OfficialList of Bursa Securities;(b) In the event Bursa Securities decides to delist the Company,the securities of the Company shall be removed from the OfficialList of Bursa Securities upon the expiry of seven market daysfrom the date of notification of the decision to de-list theCompany or upon such other date as may be specified by BursaSecurities; and(c) In the event Bursa Securities decides not to delist theCompany, other appropriate action/penalty(ies) may be imposedpursuant to paragraph 16.17 of the Listing Requirements of BursaSecurities.The Company advised as previously announced that it had obtainedan interim Restraining Order from the Court of Appeal on theOctober 24, 2005 which restrains further proceedings in anyaction or proceeding against the Company except by leave ofCourt.CONTACT:George Town Holdings BerhadJalan 14/20 Section 1446100 Petaling Jaya, Selangor Darul Ehsan 50300MalaysiaTelephone: +60 3 7958 8166 / +60 3 7957 8471LANKHORST BERHAD: Securities on the Brink of Delisting------------------------------------------------------Further to Lankhorst Berhad's (LB) announcement on January 4,2006 and subsequent to meetings with auditors, the Companyinformed Bursa Malaysia Securities Berhad on the status of theissuance of the outstanding prescribed financial statementsas stated in the timeline tabulated below:Description Timeline StatusFinalising andsigning ofAnnual AuditedAccounts (AAA) End-January 2006 On-goingIssuance ofNotice of AnnualGeneral Meeting(AGM) and the AnnualReport 2004(including AAA) 2nd week of February 2006 To be achievedAs a consequence of the non-compliance of the Bursa SecuritiesListing Requirements under paragraph 9.23, Bursa MalaysiaSecurities Berhad may take action against LB, including thepossibility of delisting.By Order of the BoardThis announcement is dated 11th January 2006.CONTACT:Lankhorst Berhad5th Floor, Bangunan Umno SelangorPersiaran Perbandaran , Section1440000 Shah AlamSelangor, MalaysiaPhone: 03-50313030Fax: 03-50313036MALAYAN UNITED: SC Extends Compliance to Equity Condition---------------------------------------------------------Malayan United Industries Berhad (MUIB) furnished Bursa MalaysiaSecurities Berhad with details of the settlement of inter-company amounts owing to MUI Properties Berhad and Pan MalaysiaCorporation Berhad involving the issuance of up to MYR2,213million nominal value of Irredeemable Convertible Unsecured LoanStocks (ICULS) comprising:(i) Up to MYR1,956 million nominal value of Class A1 and ClassA2, eight-year ICULS to be issued on the basis of MYR1.00nominal value of Class A1 and Class A2, eight-year ICULS forevery MYR0.83 of inter-company amounts owing; and(ii) Up to MYR257 million nominal value of class A3, two and ahalf-year ICULS being issuance of additional ICULS ascompensation in place of interest in cash on the outstandingClass A1 and Class A2, eight-year ICULS.(collectively referred to as the settlement)The Company refers to its announcements to Bursa MalaysiaSecurities Berhad dated March 26, 2004, March 2, 2005 andDecember 29, 2005 in respect of the Bumiputera equity conditionimposed by the Securities Commission (SC) via the SC's letterdated March 24, 2004 in relation to the Settlement.The Company was required to increase its Bumiputera equityholding to 5.83 percent. As at November 15, 2005, the Company'sBumiputera equity holding stood at 5.38 percent.PM Securities Sdn Bhd, on behalf of the Company, advised theExchange that the SC has granted an extension of time of up toDecember 29, 2006 for the Company to comply with the afore-mentioned Bumiputera equity condition.This announcement is dated 11 January 2006CONTACT:Malayan United Industries Bhd14th Floor, MUI Plaza, Jalan P. Ramlee,Kuala Lumpur Wilayah Persekutuan 50250Telephone: 03-21482566Fax: 03-31689117,03-31670211MANGIUM INDUSTRIES: Unveils Public Shareholding Spread------------------------------------------------------Pursuant to Bursa Malaysia Securities Berhad's Letter datedDecember 2, 2005, the Board of Directors of Mangium IndustriesBerhad (MIB) advised Bursa Malaysia Securities Berhad that thepublic shareholding spread of the Company as at December 31,2005 is as follows:Percentage (%) No. of publicof public shareholders holdingshareholdings not less than 100 shares85.20% 3,121CONTACT:Mangium Industries BerhadSuite 19.06, 19th Floor,Menara MAA, No. 12,Jalan Dewan Bahasa,50460 Kuala LumpurTelephone: 603-2145 1880Fax: 603-2143 1880NALURI CORPORATION: Details Public Shareholding Spread------------------------------------------------------Further to the Circular dated December 2, 2005 issued by BursaMalaysia Securities Berhad requesting all listed issuers to makean announcement on the level of public shareholding spread nolater than 14 days after June 30 and December 31 of each year,Naluri Corporation Berhad (formerly known as Naluri Berhad)advised that it has complied with the public shareholding spreadrequirement pursuant to paragraph 8.15 (1) of the ListingRequirements.The details of the public shareholding spread of the Company asat December 31, 2005 are as follows:No. of public shareholders - 36,997% of public shareholding spread - 66.46This announcement is dated 11 January 2006.CONTACT:Naluri Berhad161B Jalan Ampang50450 Kuala Lumpur, 50450MalaysiaTelephone: +60 3 2162 0878 / +60 3 2162 0676POLY GLASS: Director Acquires Additional Shares-----------------------------------------------Pursuant to Paragraph 14.08 of the Listing Requirements of BursaMalaysia Securities Berhad, this is to notify that Poly GlassFibre (M) Berhad has on January 9, 2006 received a notificationdated January 11, 2006 from Mr. Fong Wah Kai, the ExecutiveDirector of the Company in relation to his indirect acquisitionof 150,000 ordinary shares of MYR1.00 each in the Company as perthe information below:Date of Dealing: January 9, 2006Consideration for the dealing: MYR0.10 per ordinary shareAmount of Securities acquired: 150,000 ordinary shares ofMYR1.00 eachPercentage of Securities acquired: 0.09 percentTotal number of Securities and percentage held afteracquisition:Direct: 6,317,500 (3.95%)Indirect: 54,980,500 (34.37%)Dated this 11th day of January 2006.CONTACT:Poly Glass Fibre (M) Bhd2449, Lorong Perusahaan 10,Kawasan Perusahaan Prai,Perai Penang 10600MalaysiaTelephone: 04-3908460Fax: 04-3996197SARAWAK ENTERPRISE: Sub-unit Placed in Winding Up Process---------------------------------------------------------The Board of Directors of Sarawak Enterprise Corporation Berhad(SECB) informed Bursa Malaysia Securities Berhad that IntrafixSdn. Bhd. (Intrafix), a wholly owned subsidiary company ofDunlop Properties Sdn. Bhd. which is in turn wholly owned bySECB has on January 12, 2006 been placed under members'voluntary winding-up (Winding-Up Exercise) and that Mr. Teo KinMia of Messrs. Moore Stephens TNT, Lot 187, 2nd Floor, JalanSong Thian Cheok, 93100 Kuching, Sarawak was appointed asLiquidator of Intrafix on January 12, 2006.Information on IntrafixIntrafix was incorporated in Malaysia under the Companies Act,1965 on February 14, 2002. The authorized share capital ofIntrafix stood at MYR1 million comprising 1 million ordinaryshares of MYR1.00 each whilst the issued and paid-up sharecapital of Intrafix is MYR2.00 comprising two ordinary shares ofMYR1.00 each.At present, SECB is the ultimate holding company of Intrafix andthe original cost of investment in Intrafix is MYR2.00. Intrafixhas not commenced operations since incorporation.Rationale for the Winding-Up ExerciseIntrafix is currently dormant. The Winding-up Exercise will savecost and time in monitoring and maintaining Intrafix on aregular basis.Effect of the Winding-Up ExerciseThe Winding-up Exercise will not have any material financial andoperational impact on the net tangible asset per share, earningsper share and the share capital of SECB Group.Interests of directors, major shareholders and persons connectedto directors and major shareholdersNone of the directors or major shareholders or the personsconnected with them has any interests, directly or indirectly,in the Winding-up Exercise.Statement by Board of DirectorsThe Board of Directors, having considered all aspects of theWinding-Up Exercise, is of the opinion that it is in the bestinterests of SECB and not to the detriment of the minorityshareholders and no shareholders' approval is required inrespect of the Winding-Up Exercise.CONTACT:Sarawak Enterprise Corporation BerhadLot 2679 Jalan Rock93200 Kuching, Sarawak 93673MalaysiaTelephone: +60 82 244 000 / +60 82 248 588SOUTHERN BANK: Holds Share Buy Back-----------------------------------Southern Bank Berhad furnished Bursa Malaysia Securities Berhada notice of shares buy back with the following details:Date of buy back: January 11, 2006Description of shares purchased: Ordinary shares of MYR1.00 eachTotal number of shares purchased (units): 42,000Minimum price paid for each share purchased (MYR): 3.980Maximum price paid for each share purchased (MYR): 4.020Total consideration paid (MYR): 168,509.24Number of shares purchased retained in treasury (units): 42,000Number of shares purchased which are proposed to be cancelled(units): 0Cumulative net outstanding treasury shares as at to-date(units): 55,804,700Adjusted issued capital after cancellation (no. of shares)(units):CONTACT:Southern Bank Berhad83 Medan Setia 1 Plaza Damansara BukitDamansara, 50490 Kuala Lumpur, Kuala Lumpur 50490MalaysiaTelephone: +60 3 2087 3000 +60 3 2093 3157TRU-TECH HOLDINGS: Updates Proposed Restructuring Scheme--------------------------------------------------------Tru-Tech Holdings Berhad (Tru-Tech) provided Bursa MalaysiaSecurities Berhad with an update to the following proposals:- Proposed Acquisition;- Proposed Exemption;- Proposed Capital Reconstruction;- Proposed Scheme of Arrangement with Creditors;- Proposed JVA Settlement;- Proposed Listing Transfer;- Proposed Disposal;- Proposed offer for sale; and- Proposed Placement(collectively, the Proposed Restructuring Scheme)(1) IntroductionThe Company refers to the announcements made on November 10,2004, July 21, 2005, October 3, 2005 and December 8, 2005 inrelation to the Proposed Restructuring Scheme.In view that the Proposed Restructuring Scheme was not approvedby the Securities Commission (SC), the Company together withRenewed Development Sdn Bhd (RDSB) have on January 6, 2006agreed to revise certain terms of the Proposed RestructuringScheme, namely the Proposed Acquisition and the Proposed JVASettlement. The Company had on the same date submitted an appealagainst the SC's decision setting out the terms of the revisedProposed Restructuring Scheme.(2) Details of the revision to the Proposed Restructuring Scheme(2.1) Revision to the proposed acquisitionThe acquisition of 10,000,000 ordinary shares of MYR1.00 eachrepresenting the entire issued and paid-up share capital of RDSBfor a purchase consideration of MYR130 million to be satisfiedby the issuance of 130 million ordinary shares of MYR1.00 eachin Renewed Group Sdn Bhd (RGSB) (RGSB Shares) at par.The revised purchase consideration of RM130 million was arrivedat on a willing buyer-willing seller basis after taking intoconsideration, inter alia the following:(i) The audited net tangible asset (NTA) of RDSB group ofapproximately MYR40.48 million as at August 31, 2004;(ii) The unaudited NTA of RDSB group of approximately MYR57.00million as at August 31, 2005;(iii) The future earnings potential of RDSB group from thedevelopment of Bandar Pulai Jaya and Jaya Putra Perdana; and(iv) The revised structure of RDSB group whereby 49.99 percentequity interest in Oxbridge Heights Sdn Bhd (currently 99.99percent held by RDSB) will be divested to the shareholders ofRDSB.(2.2) Revision to the proposed JVA settlementIt is proposed that RGSB will issue and allot 30 million RGSBShares to Ambang Budi Sdn Bhd (ABSB) at par as part settlementpursuant to the joint venture agreements between HartaplusRealty Sdn Bhd (HRSB), RDSB and ABSB (JVA).Following the revision to the number of RGSB Shares to be issuedto ABSB from 60 million RGSB Shares to 30 million RGSB Shares,the payment obligations by HRSB under the JVA will increase byRM30 million.(3) Effects of the revision to the Proposed Restructuring SchemeThe effects of the revision to the Proposed Restructuring Schemeon the issued and paid up share capital, substantialshareholdings and NTA of Tru-Tech and RGSB are set out in Tables1,2 and 3 respectively.This announcement is dated 11 January 2006.=====================P H I L I P P I N E S=====================MAYNILAD WATER: Taps Financial Adviser for 'Reprivatization'------------------------------------------------------------ABN-AMRO has been appointed as the financial adviser of MayniladWater Services Inc. in drafting a plan to return the utility toprivate sector hands.BusinessWorld reported that the entry of ABN-AMRO is stillsubject to approval by the court hearing the firm'srehabilitation case, but the recent appointment alreadysignified a formal engagement.ABN-AMRO has started drafting the terms of reference to rebidMaynilad since late last year even if it has yet to be appointedby the new board.With the appointment, Maynilad expects ABN-AMRO to complete itsreprivatization documents by end-January.Maynilad elected on Monday Metropolitan Waterworks and SewerageSystem (MWSS) representatives led by MWSS Chairman Oscar Garcia,Atty. Gerardo Cabochan, former Court of Appeals Justice PerlitaJ. Tria Tirona, Santiago Gabionza, Jr., Felipe Siapno and RommelMacas Cancio to the interim board. This means the governmentnominees will sit in the Maynilad board until the new investorcomes in.During the organizational meeting Thursday last week, Mr. Garciawas elected Maynilad chairman, Maynilad chief finance officerPhilamer Torio as treasurer and Al Agra as corporate secretary.CONTACT:Maynilad Water Services Inc.G/F MWSI Building, Katipunan RoadMWSS Compound, BalaraQuezon CityPhilippinesNATIONAL FOOD: Seeks Additional Rice Imports to Boost Reserves--------------------------------------------------------------The National Food Authority (NFA) has scheduled a public biddingnext month as part of efforts to increase the country's ricestockpile, The Philippine Star has learned.The state-run food agency is seeking to import additional riceimportations of 400,000 metric tons (MT).The NFA expects to take delivery of an initial volume of 87,500MT by end January, the next 175,000 MT will come in by Februarywhile the balance of 87,500 MT should be in by March. Most ofthe stocks will be coming from Vietnam.This should bring NFA rice imports in the first quarter to750,000 MT. The remaining volume will be brought in by theprivate sector and farmer groups that were allocated an importvolume of 138,000 MT. The private sector is expected to bring inthe additional volume by May 31, when the onset of the leanseason for rice begins.The NFA wanted the additional volume to come in early so thegovernment could take advantage of lower prices in the worldmarket.CONTACT:National Food Authority101 E. Rodriguez Sr. Ave.,Quezon City, 1100PhilippinesWeb site: http://www.nfa.gov.ph/PHILIPPINE AIRLINES: Enjoying More Perks than Rivals, Says DoJ--------------------------------------------------------------The Department of Justice (DoJ0 believes government privilegesgranted to Philippine Airlines (PAL) should also be enjoyed byrival carriers, according to BusinessWorld.In a three-page legal opinion, the DoJ said perks enjoyed by PALshould likewise be accorded to its competitor Cebu Air, whichflies Cebu Pacific.Justice Secretary Raul M. Gonzalez rules that Cebu Air isexempted from payment of chattel mortgage registration fees overat least four Airbus A319-100 aircraft it recently acquired.The Justice chief was responding to a letter sent by LandRegistration Authority administrator Benedicto B. Ulep thatsought to clarify the application of Presidential Decree 1529,also known as the Property Registration Decree, on CebuPacific's aircraft.He contends that Cebu Pacific would be entitled to similarincentives the government granted to PAL only after the formershows proof the Lucio Tan-led firm's enjoyment of favorableterms will place Cebu Pacific at a disadvantage.PAL's privileges were laid down in Presidential Decree 1590. Thelaw grants the firm franchise to operate, and stipulates thatits payment of basic corporate income tax and franchise taxwould be in lieu of all other duties, including fees on theregistration of aircraft.Mr. Gonzalez, however, said Republic Act 7151 or the legislativefranchise granted to rival firm Cebu Pacific provided a "mostfavored treatment" clause, which places the Gokongwei firm on anequal footing with its competitors."This department confirms that the most favored treatmentclause... expressly provides that tax privileges or favorableterm/s received or enjoyed by any competing individual,partnership or corporation - in this case, PAL, shallautomatically be deemed incorporated in the franchise of CebuPacific," the Justice chief said."The basic idea of the aforesaid clause is 'fair play', suchthat a rival firm will not gain undue or unfair advantage overthe other in the pursuit of their respective competingbusiness," Mr. Gonzalez added.CONTACT:Philippine AirlinesMabuhay Miles Service CenterGround Floor, Philippine Airlines CenterLegazpi Street, Legaspi VillageMakati City 0750, PhilippinesPhone: Manila (632) 817-8000 USA/CANADA 1-800-747-1959Fax: (632) 818-4921 ; 893-6884E-mail: email@example.com site: www.philippineairlines.comRFM CORPORATION: Posts Amended Beneficial Ownership Reports-----------------------------------------------------------Further to Circular for Brokers No. 0144-2006 dated January 9,2006, RFM Corporation furnished the Philippine Stock Exchange(PSE) copies of Beneficial Ownership Reports of the followingofficers:- Amended SEC Form 23-A (initial Statement of BeneficialOwnership of Securities), reflecting the correct amount ofsecurities beneficially owned:1. Mr. Norman P.Uy - SVP & General Manager- Amended SEC Form 23-B (Statement of Changes in BeneficialOwnership of Securities), reflecting the amount of securitiesacquired and the correct amount of securities beneficially ownedat the end of the month:1. Mr. Felicisimo M. Nacino, Jr. - EVP/COOCopies of the said documents shall be made available fordownloading free of charge athttp://bankrupt.com/misc/tcrap_rfmcorporation011306.pdf.CONTACT:RFM CORPORATIONRFM Corporate Center,Pioneer corner Sheridan Streets,Mandaluyong City 1550,Metro Manila, PhilippinesTelephone: (63-2) 631-8101Facsimile: (63-2) 631-5094Web site: http://www.rfm.com.phT'BOLI AGRO-INDUSTRIAL: To Restart Operations After Idle 1 Year---------------------------------------------------------------Cash-strapped pineapple firm T'boli Agro-Industrial DevelopmentInc. (TADI) has inked a packing agreement with multinationalfood giant Dole Philippines Inc., according to BusinessWorld.The contract will pave the way for TADI to reopen canneryoperations after more than a year of inactivity. The canneryshut down in May 2004 after its unserviceable debts forced it tocease operations.Under the agreement, TADI will process and can Dole's pineapplesfor a fee using its facility in Surallah, South Cotabato. Itwill also be compensated for variable cost of operations such ascanning materials, electricity and workers' wages.The agreement is good for a year, but it can be renewed on anannual basis.TADI's court-appointed receiver Francisco Buencamino said thatthe company's financial problems started in 1997 with the Asianfinancial crisis. Its dollar-denominated loans ballooned toPhp1.4 billion from around Php800 million. The firm then filed apetition to suspend payments to its creditors on grounds ofinsolvency.Mr. Buencamino said he approved TADI's agreement with Dolebecause it will make its cannery operational while he iscrafting the company's rehabilitation plan.The rehabilitation plan will see the cannery being sold withinthe year, and creditors being paid.TADI's creditors consist of banks, suppliers, service providers,and contract growers of pineapples.CONTACT:T'Boli Agro-Industrial Development Inc.Exchange Road, Ortigas CentreW-2603 A/B Philippine Stock Exchange CentrePasig CityMetro ManilaPhilippinesPhone: 632-6355038Fax: 632-6355037=================S I N G A P O R E=================ACCORD CUSTOMER: Unaware of Increase in Share Trading-----------------------------------------------------Accord Customer Care Solutions Limited refers to the queriesfrom the Singapore Exchange Securities Trading Limited (SGX-ST)concerning the substantial increase in the trading volume of theCompany's shares on the SGX-ST on Jan. 12, 2006.Question 1: Are you aware of any information not previouslyannounced concerning you (the issuer), your subsidiaries orassociated companies which, if known, might explain the trading?The Company is not aware of any information not previouslyannounced concerning the Company, its subsidiaries or associatedcompanies which, if known, might explain the trading.Question 2: Are you aware of any other possible explanation forthe trading?The Company is not aware of any other possible explanation forthe trading.Question 3: Can you confirm your compliance with the listingrules and, in particular, listing rule 703?The Company confirms its compliance with the listing rules and,in particular, listing rule 703.BY ORDER OF THE BOARDWoo Kah WaiCompany SecretaryCONTACT:Accord Customer Care Solutions Limited20 Toh Guan Road #07-00Accord District CenterSingapore 608839Phone: 65 6410 2600Fax: 65 6410 2610Web site: http://www.accordccs.comCHINA AVIATION (S): Presents Rehab Plan to Investor Group---------------------------------------------------------The Singapore Investors Association (SIAS) conducted an informaldialogue on the proposed restructuring scheme of troubled jetfuel trader China Aviation Oil (Singapore) Corp. Limited on Jan.12, 2006.At the invitation of SIAS, the Company's representatives andadvisers made a presentation to the attendees and answeredquestions in relation to its proposed restructuring plan.To view the slides of the Company's presentation, go to:http://bankrupt.com/misc/tcrap_chinaaviation011306.pdfBy Order of the Board of DirectorsCONTACT:China Aviation Oil (S) Corp. Ltd.Phone: (65)6334 8979Fax: (65)6333 5283Web site: http://www.caosco.com/DURABEAU CONSTRUCTION: Prepares to Pay Dividend-----------------------------------------------Durabeau Construction Pte Limited of 98 Amoy Street, Singapore069918, posted a notice of intended dividend at the GovernmentGazette, Electronic Edition with the following details:Name of Company: Durabeau Construction Pte LimitedCourt: Singapore High CourtNumber of Matter: Companies Winding Up No. 600295 of 2001Last day for receiving proofs: Jan. 20, 2006Name & address of Liquidators: Chee Yoh ChuangLim Lee MengC/o RSM Chio Lim18 Cross Street#08-01 Marsh & McLennan CentreSingapore 048423LINDETEVES-JACOBERG: Discontinues Capital Reduction Plan--------------------------------------------------------Lindeteves-Jacoberg refers to its plans to undertake a capitalreduction to reduce the par value of each Share in its issuedand paid-up share capital from SGD0.20 to SGD0.10 per share.The Companies Act currently provides that a company may notissue shares at a discount, unless it complies with therequirements set out in Section 68 of the Companies Act (whichRequires, inter alia, the authorization of such issue of sharesat a discount by a resolution passed in general meeting of thecompany and confirmed by an order of court).The rationale for the Proposed Capital Reduction was inter aliato facilitate any future fund raising exercises of the Companywhich involve the issue of new shares to potential investors,and to facilitate the allotment and issue of Shares to ATBAustria Antriebstechnik AG (ATB) at an issue price below the parvalue of SGD0.20 in connection with the proposed investment byATB in the Company as announced last Aug. 27, 2005.On Dec. 30, 2005, it was gazetted that the Companies (Amendment)Act 2005, which inter alia abolishes the concept of par valueand removes the prohibition against a company issuing shares ata discount to its par value would come into force on Jan. 30,2006.In the circumstances, the directors have decided not to proceedwith the Proposed Capital Reduction exercise.CONTACT:Lindeteves-Jacoberg Limited238A Thomson RoadSingapore 307684Phone: 65 6383 4248Fax: 65 6383 4068MARLEX DISTRIBUTORS: Set to Declare Dividend--------------------------------------------Marlex Distributors Pte Limited of 60 Martin Road, #07-27Trademart Singapore 239065, posted a notice of intended dividendat the Government Gazette, Electronic Edition with the followingdetails:Name of Company: Marlex Distributors Pte LimitedCourt: Singapore High CourtNumber of Matter: Companies Winding Up No. 95 of 2004Last day for receiving proofs: Jan. 27, 2006Name & address of Liquidator: Kung Seah LimC/o 336 Smith Street#05-310 New Bridge CentreSingapore 050336===============T H A I L A N D===============EMC PUBLIC: Clinches New Contract---------------------------------EMC Public Company Limited informed the Stock Exchange ofThailand that the Company has been awarded a new contract asfollowing detail.Project name: Tesco Lotus Express- Standard Shop HouseEmployer: Ek-chai Distribution System Co. Ltd.Scope of work: Mechanical & Electrical Works, Electrical and communication systems, Fire fighting and sanitary systems, And Air conditioning and ventilation systemsContract value: THB85,386,000 (including VAT)The execution of above-mentioned work is regarded as normalbusiness transaction according to the company action plan.Please be informed accordingly.Yours faithfully,Lt. Gen. Samang ThongpanDirectorCONTACT:EMC Public Company LimitedRasa Tower, Floor 22, 555 Phaholyothin Road,Chatu Chak BangkokTelephone: 0-2937-0333Fax: 0-2937-0329Web site: http://www.emc-group.co.thSRITHAI FOOD: Seeks to Undergo Rehabilitation---------------------------------------------Srithai Realty & Development Co. Ltd. (creditor) filed apetition to the Central Bankruptcy Court requesting for therehabilitation of Srithai Food and Beverage PCL again.The Court moved the consideration of the petition from January9, 2006 to January 16, 2006.The company will later issue a report to the progress of thesaid petition.Please be acknowledge.Sincerely yours,Mr. Anan JantranukulManaging DirectorCONTACT:Srithai Food & Beverage Public Company Limited69 Moo 4 Watkingkaew Road,Rajadhewa, Bang Plee, Samut PrakarnTelephone: 0-2312-4281-4, 0-2312-4289-300Fax: 0-2312-4285Web site: http://www.srithaifood.thailand.comTHAI AIRWAYS: Unveils Result of Warrant Exercise------------------------------------------------The Stock Exchange of Thailand (SET) refers to the issuance ofThai Airways International Public Company Limited of 154,650units of type-one warrant (THAI-WA), and 154,650 units of type-two warrant (THAI-WB) with exercise ratio being 1:1, exerciseprice of THB15 per unit and exercised every three monthsthereafter.The first exercise dates of THAI-WA and THAI-WB were on October4, 2004, and April 4, 2005, respectively and the last exercisedate for both types of warrant will be on April 2, 2007. TheCompany would like to report the result of the 6th exerciseTHAI-WA and the 4th exercise of THAI-WB on January 4, 2006 asfollows:(1) On the sixth exercise date of THAI-WA, there are 4 employeeswho have exercised their warrant for 1,100 shares at THB15 pershare, totaling to THB16,500. By combining the results of thefirst to fifth exercise of THAI-WA, there are 386 employees whohave exercised their warrant for 149,100 shares at THB15 pershare, totaling THB2,236,500. Therefore, 5,550 units of THAI-WAhave not yet exercised.(2) On the fourth exercise date of THAI-WB, there are 12employees who have exercised their warrant for 4,100 shares atTHB15 per share, totaling to THB61,500.By combining the results of the first to third exercise of THAI-WB, there are 375 employees who have exercised their warrant for145,400 shares at THB15 per share, totaling THB2,181,000.Therefore, 9,250 units of THAI-WB have not yet exercised.The next exercise date of warrant is April 3, 2006.This matter is being reported for your information.CONTACT:Thai Airways International Public Co., Ltd. (TG)89 Viphavadi-Rangsit RoadLadyao ChatuchakBangkok 10900 ThailandTelephone: 662-5451000Fax: 662-5122173 *********S U B S C R I P T I O N I N F O R M A T I O NTroubled Company Reporter -- Asia Pacific is a daily newsletterco-published by Bankruptcy Creditors' Service, Inc., Trenton, NJUSA, and Beard Group, Inc., Frederick, Maryland USA. LyndseyResnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan, ReizaDejito and Erica Fernando, Editors.Copyright 2006. All rights reserved. ISSN: 1520-9482.This material is copyrighted and any commercial use, resale orpublication in any form (including e-mail forwarding, electronicre-mailing and photocopying) is strictly prohibited withoutprior written permission of the publishers. Informationcontained herein is obtained from sources believed to bereliable, but is not guaranteed.The TCR -- Asia Pacific subscription rate is $575 for 6 monthsdelivered via e-mail. Additional e-mail subscriptions formembers of the same firm for the term of the initialsubscription or balance thereof are $25 each. For subscriptioninformation, contact Christopher Beard at 240/629-3300. *** End of Transmission ***