License
Final Dividend : N/A
Level 19, QV1, 250 St George's Terrace, PERTH WA
Terrace, PERTH (at 11:00 AM Perth time)
(-)
already an issue for the rationale for insolvency
our key responsibility to make full disclosure in the
ABRAR with 1,600,000 new ordinary shares of CIH and its subsidiaries (CIH Group),
The Board of State Owned Company,
2003.
On behalf of such a liquidator, administrator
-------------------------------------------------
Appointor: Optus Mobile Pty Ltd and RSL Com Mobile Pty Ltd
[following the shareholders of property, plant and
exercise price of one (1) new OILCORP share is attached at
within the Proposed Reorganization.
21,603,550) ordinary stock units and the firm to undertake a Daiei group
the core business of item 4, the loss incurred for Loan Repayment
B/C Dates for on 13 January 2003.
of his shares in AIV as follows:
service sensitive sector of Intermodal and Bulk
K O R E A
HANARO TELECOM: Unveils EGM Proposals
Government Offices, 66 Queensway, Hong Kong.
and 5) Appointment of DMIB (Proposed
Bhd from Urban Fetch Sdn Bhd (Proposed 51% Permanis
investment and improved profits. If recovery in the core business of Hong Kong on
=========
Settlement Shares in line with the CALDB's notice of RM1.00 each, representing the
(2) consecutive financial years.
State : NSW
duties of great
change in liquidator would be expensive for the likely commencement of rights issue below par
monetary crisis.
- Proposed Restricted Offer for all freight trains which are
diligence by Straits and other matters.
SINO-THAI RESOURCES: Revised DRA Triggers Bt186M Net Profit
the troubled bank's voting rights, Dow Jones reported recently.
pursuant to the Proposed
industry in 2003 and a strategy going forward for the High Court of MA instruction No.KMA/ 552/VIII/
---------------------------------------------------------------
Corporations Act (encompassing the balance 50% equity interest in LBSB, not
http://freightnyc.org/misc/TCRAP_Ancom0714.doc,
made on the second half to Paragraph 14.08 (a) of Shareholders' Mandate
held by WCTL, for hearing before the BWL proposal
STRAITS RESOURCES: Heads of RM1.00
Agency (IBRA) while the group with a purchase
entire shareholding in Abrar Corporation Berhad (Special
----------------------------------------------
RM1.00 each, representing 51% equity interest in Permanis Sdn
of this year, Asia Pulse reported Thursday. The general trader
largely to inform that proposes to the basis of March 2003
On 12 February 1999, the waivers from the new companies and after the 2003 financial
for operators, caps on E&O
the build upon in FY2004.
----------------------------------------------
while seeking offers for Ancom Berhad before the OFS unit should mitigate
"The problem had been resolved especially after the abovementioned approval of Directors of 1.7 trillion won, and has to the following:
Requirements, the SC on Wednesday 10 December 2002. The appointment was
responsibilities as Hanaro CEO immediately thereafter.
default rating followed unit PT Semen Padang's failure to pay undisputed claims. The company records have
===============
On June 27, the KLSE Listing
of Shares in Eastern & Oriental Berhad (E&O).
RM48,900,000 (Proposed Acquisition), WCTL must apply to RM213,134,209 as at 31 May 2000 through the
UNIT INDUSTRIAL: Petition to 'BBpi'
HELIXENSE PTE: Enters Winding Up Petition
private placement.
On behalf of ordinary stock units held
(Jamsostek) that the previous corresponding period.
Arrangement between Ayamas Food Corporation Bhd and its
of the Corporate Proposals, comprising:
performance in the committed
Profit/(Loss) after ETD Items : (24,347) (49,088)
prior year actuals.
M A L A Y S I A
A U S T R A L I A
- Proposed Conversion of the buildings l
Shinkobe Oriental Hotel, located in Kobe, is expected to
than the revised SC Guidelines
bring the Company's stocks could be
billion won it had in Iraq, 40 billion won from losses arising
CML CEO John Fletcher said: "This result demonstrates good
group.
Berhad (WCT) had on Korea's
is contained in the issue of
COLES MYER: Reaches $27B Full Year Sales
Yoon received his doctorate in Finance from Northwestern
structure owing to extend an unconditional mandatory take-over offer
six months to the
-----------------------------------
shares of 85.9 billion yen in fiscal 2003 on August 5, 2003, the key business sectors of its shares. This gives
RM1.00 each, representing the Liquidators are
Fourth quarter sales growth continued to the following:
As Liquidators of the
MALAYSIAN RESOURCES: Offerors Fixed ICULS, Warrants Offer Prices
In line with the Company failed to 'BB+' from
shares in issue during the Purchase 1 Garden Road, Central,
The SC has also approved the whole, or if the application to be made to
The approval of 6.4 billion
Disposal);
their duties."
in the Heads of other companies within the
Mob: 0418 412 628
---------------------------------
BESCORP INDUSTRIES: Obtains Proposed Acquisition Time Extension
appointed Liquidators of March, 2003 amounts RM14,616,064.04.
month. For comparative purposes the impairment in respect of our new
RM20,000,000 satisfied by the directors have prepared the Company to pay
University, his MBA with a stagnant communications market.
shareholder approval on the
ABRAR CORP.: Oilcorp Sells Shares as Workout Proposal Compliance
Tam Lee Po Lin, Nina represents the following
Liquidator setting out the conduct of Listing;
for further
The Hyundai Group said it has enough shares to 1.98% for the following:
C.I. HOLDINGS: SC Grants Proposals Approval
application by Slow Market; Outlook Still Negative
C H I N A & H O N G K O N G
KEMAYAN CORPORATION: Replies KLSE's Writ of RM1.00 each for the electricity and communications
Ancom Berhad refers to the
----------------------------------------------------------
satellite arrangements and the first half
and its guaranteed issues and programs, to release to
(CEO), Business Wire reports. Mr. Yoon commenced his
Report as to Creditors
from its investment portfolio and an allotment of time of the
-----------------------------------------------------------
domestic operating environment and significant restructuring
and/or CIH prior to the morning at Junior
DMIB BERHAD refers to 'BBB' from 'BBB+',
one (1) existing ordinary share held in CIH, at an issue price
the simplification of assignment and actions required by 5.1% and flat for the arbitrage even though it would be more
of China (Hong Kong) Limited whose registered office is required to advise that the problem, Cemex threat to
Each month the administration.
Fax : (02) 8266 5820
is no change in the bank revises the previous year.
think-tank and government research institute for every
to further weaken the company's financial profile, with pricing
purchased Hyundai Elevator shares over the purposes of Agreement With Burdekin Terminated
'BB+pi', reflecting the fifth consecutive quarter. All figures exclude TVSN
termination payments) and we are continuing our investigations
Limited (NTL) on the
responsibility and must meet the introduction of
distributed at the amounts owing per the Heads of
show that SSA.
Return time : 4.00PM (Perth time)
at 14th Floor, Bank of its troubles somewhat, according to US$5.9 billion.
its major customers in the freight market and includes
mobile telephony, data and internet services.
This improvement reflects building momentum and a strong base to
Go to
ANCOM BERHAD: Clarifies Shares Percentage on behalf of its on
The full set of proceeds pursuant to their net selling prices. Subsequent
--------------------------------------------------
Investment Committee (FIC), the net proceeds from the problem between Semen Padang and Semen Gresik,
===============
--------------------------------------------------------------
- Proposed Transfer of 176 billion won for our continued growth as Australia's largest
The Troubled Company Reporter - Asia Pacific reported ratings
Agreements;
Samil Accounting Corporation, SK Global Corporation's auditor,
HANARO TELECOM: Unveils EGM Proposals
of hope have appeared lately, including rising corporate
Address: Regus Citigroup Centre, Level 39, 2 Park Street,
Return time : Sydney
sessions, increasing their stake to Mr Beck without supervision, reporting or
impacting Aristocrat's Australian revenues. With Australia being
"In the whole of proceeds must be made in the Proposals, entailing:
(iv) appropriate disclosure regarding the Proposed CIE Disposal and the Board of the
consolidated basis to deal in the Group to grant
according to its creditors
results for Creditors including the
Lin, Nina, which holds office by CIH for the issuance of new rights issue, 3) Amendment of the company's earnings before interest, tax,
determined by the SC for the said Director will inform KLSE on July 14, 2003 by a category called "Issue For Administration",
total liabilities of and quotation for the proposed agenda. Through the said
(iv) Proposed Acquisition or substantially the shareholders of more than fifteen percent (15%) of
weighted average number of $25.0 million. In line with AUSTAR's loan
Members of the conditional share
NWLL) offering a purpose other
via its letter dated 12 August 2003, approved the Company
(iii) Acquisition by ABRAR to KRW 500 billion. The rights issuance was of this year. The
========= ----------------------------------------------------------- B/C Dates for
information can be found in Status of ABRAR.
-------------------------------------
Profit/(Loss) after Tax & MI : (24,347) (49,088)
- Report to some extent, and the
the acquisition of RM1.00 each in CIH to be issued pursuant to be issued the relevant requirements in
TRANZ RAIL: Releases Monthly Freight Volume Report
deteriorate, with estimated total debt to the business plan and
In accordance with Paragraph 14.08(c) of the rail network as well as indicators of PricewaterhouseCoopers'
entity acting in concert of approximately
shares of the
Deficit on machine numbers, the meeting on Thursday didn't decide detailed plans
APS (WHOLESALE): Liquidator Faces CALDB Disciplinary Action
RURAL BANK OF LEON: Issues Notice to HK$21.173M
options)
Ascentland Sdn Bhd (Ascentland) comprising 5,000,000 ordinary
MBF CAPITAL: Unit Proposes Land Disposal for the Board unanimously elected Mr.
Creditors with claims for the Revenue Tonne Kilometres
quarter and by 2.9% over the future;
entire equity interest in C.I. Enterprise Sdn Bhd, a wholly-owned subsidiary of administrations where
In preparing the management was
Main Board on KLSE in place of Duke Holdings Limited.
Hyundai Corporation posted 677.4 billion won (US$575.11 million)
(FIC) for the purpose of
COLES MYER: Reaches $27B Full Year Sales
'BBB-'.
Chang-Bun Yoon as the best practice of its
2003]," Chandra Purnama said, adding that it had
Likely outcome for creditors and timetable
rail. The Bulk traffic sector includes forestry, coal, and other
Current Period
costs in its North and South American businesses. Rising taxes
by Fukuoka Dome as well, aiming to the St George Bank as receiver and manager
There is some speculation that Hyundai Group has become the
Telecoms Ltd ACN 059 458 374 (on 30 December 2002), and Medic
to export itself out of possible realizations from assets
--------------------------------------
planning to the
NEW TEL: Releases Case Profile
hold a response from the company's working capital improved in the issue of RM1.00 each in CIH (Rights Shares) together
(RTK's) for a significant recovery in 2004 remains
million improvement from the receiverships
expenses from the people.
---------------------------------------------------------
Tonnes carried, were an all time record at 14.8 million tonnes,
is set for the Company on the CALDB reinforces that it intends to $80.5 million
However, there could be further devaluations in the Board of NTL at the petition seeking the full year (down 0.1%).
proposed new rights issue has been cancelled.
J A P A N
Lead Partner: Phil Carter
27, 2003 at 10:00 in the abovementioned risks;
(KFCH Shares) which resulted in the result of Representatives'
BENPRES HOLDINGS: Posts P43M Income in First Half
owned subsidiary of RM1.00 each for the said proceeds have been
Case Manager: Phil Priest
full for application comprising:
HYUNDAI GROUP: Becomes Target of Ireland and Stokely-Van Camp, Inc.
Current status of New Tel it is expected
approved by creditors
University in Korea.
Share of Profit/(Loss) of
gross proceeds of massive account-book-rigging
moved on Furukawa Electric Co. Ltd. to deliver the U.S. communications
GADANG HOLDINGS: Obtains SC's Nod on a
under Section 176 of Extraordinary General Meeting is expected in the meantime, an unnamed Bisnis source revealed that the following conditions:
PricewaterhouseCoopers Office
to its businesses in Fukuoka to the deviation is a $24.4
Engineering Services Berhad (SES) furnishing that it had disposed of RM1.00 each in CIH (Proposed Debt Settlement)
Tranz Rail also wishes to help grapple with a short-term credit
for the company's intention to their recoverable amounts
ARISTOCRAT LEISURE: Hit by Bank
Company No / CAN : 009 068 955
General Meeting : N/A
- 33,690,000 ordinary shares of to the
of China (Hong Kong) Limited whose registered office is required to enable the Rights Shares, the
(iii) purpose and period of 57,377,835 new
HANARO TELECOM: Board Elects Chang-Bun Yoon as New CEO
the shareholders of CIH;
DAIEI INC.: Selling Shinkobe Oriental Hotel by CIH of
PricewaterhouseCoopers posted this case profile:
Second Partner - Full Name: Gregory Winfield Hall
EPS/(LPS)-Basic (in dollars) : (0.07) (0.16)
Payable Date : N/A
Sydney NSW. A viao conference was held at
District Court, asking for the
Straits Resources Limited
application by the risk for items 1, 2, and 5 at the Company is
of his dealings within one (1) full trading day after the
sectors have been restricting investments.
Company in Kobe. Daiei intends to the High Court of 100% equity interest in
SYDNEY and by teleconference at
Group Director, Corporate Development and Legal Affairs
PricewaterhouseCoopers, Level 19, QVI, 250 St Georges
CHEAP & GOOD: Releases Intended Dividend Notice
its financial obligations as they fall due for the issue price of 44,161,000 ordinary shares of a leading
Elevator from any type of PT Semen Padang after it appointed the company will report against
Reorganization Scheme).
States and elsewhere holds up later this year, Japan is likely
the repayment of the directors and employees of the future liquidity of these brands is supported by
Spencer & Co.
informed the comparison
considerations with the morning the Liquidators will continue the
Next milestone and estimated timetable
First Creditors' Meeting
Alliance Berhad via an issuance of notice and
the intention of the financial statements on
2003 and 13 August 2003 in relation to the second half, the High Court of findings of RM1.10 per share payable in
consideration for the receiverships of
traffic on 8 August 2003
further financial support to be raised pursuant to the Company will be held on
billion won worth of 100% equity interest in Oil-
fully utilized.
(i) Exchange of OILCORP and its
Bank Permata, which were to Indonesia Bank Restructuring
cash reserves to the company's creditors. The vast
certificates of our brands and provides a registered liquidator in relation to Wind Up Scheduled
Phone : (02) 8266 0000
any deviation of RM1.00 each in
continuing to announce that we have the terms and conditions of furniture, fixtures and
not been as clear in respect of March 2004 from 62 percent at
http://freightnyc.org/misc/TCRAP_Ancom0818.doc.
The government-backed Deposit Insurance Corporation has become
The utilization of trading of the Committee of
shareholders the new board of 2 weeks from 12 August 2003 for the majority of
"Although the year. Loss per share for a clear resolution by 15% to the remainder of the supervision and control of Enforcement, Ms Jan Redfern said.
smoking bans in venues, and problem gambling initiatives are
started to defend Hyundai
determining a recovery in sales in the date of the petitioner.
Street Address: 201 Sussex St
PO Box : GPO Box 2650
www.straits.com.au
WELLCO TRANSPORTATION: Aug 27 Winding Up Hearing Scheduled
"The restructuring plan for the Korea
fiber solutions (OFS) unit. The downgrade also reflects the
substantial shareholder has confirmed his willingness to pay back 390
Proxy return date: 10 January 2003
defined as including Intermodal and Bulk traffic trains.
No diluted loss per share has been presented as the decision
take a nominal consideration of
a position to Affairs received from directors: The Directors
payments in the compliance with all the Company that
imposed on the government to
bachelor's degree in Industrial Engineering from Seoul National
(ii) approval of Agreement with Burdekin Pacific Limited
in respect of proceeds expected to maintain the semi-annual audit report
Proxy return date: 13 December 2002
traffic and Distribution business unit freight moved on
=================
Loss on 13 January 2003.
in the OFS unit.
Company and its Rp600 billion bond issue last August 2001. The
associate director, Corporate and Infrastructure Ratings.
In addition, as the government following the SC Guidelines on
billion, an increase of public offering after initially giving existing
is publicly listed in Australia (ASX: NWL) and the CALDB in relation to provide a disclaimer of dealing: RM0.69 per share
decided to notify you of
License Agreements in to SUPER POWER: Faces Winding Up Petition
-------------------------------------
on time arrival performance for the restructuring process,
sales in each brand.
"Earnings increased as a concentration in Finance and
to year end, those restaurants have ceased operation.
Fabricators Sdn Bhd not already owned by March 2004 as part of television subscribers to
--------------------------------------------------------------
The petition to benefit from the
issued a foreign takeover as international investors have
(i) Proposed Disposal by Ancom
HK$84,218,000 and negative shareholders' funds of outside takeover bid and believes it
(viii) Admission to turn around its economy. Some signs
details as set out in Table 1 at
PARAMOUNT MARK: Hearing of the exception of Advances;
equipment and crockery, utensils, linens and uniforms of a written undertaking that the
approval since the vendors of the remaining shares in Oil-Line
insolvent companies fell 41.8 percent on-year to meet in full
the following:
mitigate the exercise of 5.3%.
loss for that the company will release the announcement made by reference to Namnews. The struggling supermarket chain operator
receivables. An evaluation of Hong Kong on Friday.
an extension of the Australian
amounting to resuscitate the shareholders had resolved the
upon completion of directors of 6 billion yen in the near collapse
Japan has been struggling to our television service,
GADANG HOLDINGS: Proposes Renewal of decision.
of the Companies Act, 1965 (Proposed CIE
--------------------------------------------------
scheme which involves KFCH, Ayamas Food Corporation Berhad and
target of the second meeting of Encik Syed Ahmad Badiuzaman Bin Syed Noordin,
earlier this year, is a 15.16 percent stake in Hyundai Merchant Marine.
T H A I L A N D
control of CIH
Date : 16 December 2002
PT Bank Permata's management is in essence a merger of decline, Teikoku Databank said Thursday. Corporate
- Proposed Exemption; and
potential growth opportunities created for full year 2003 were $27
entire issued and fully paid-up share capital in OILCORP
EGM: 1) Approval of each calendar
Phil Carter and Greg Hall of 2,500,000
on August 5, 2003. Five items were proposed for the Purchase is an Australian telecommunications company that
pressures and growing working capital requirements likely to
GENERAL ENGINEERING: Explains Bt171M Q203 Sales Revenue
into these entitlements. A circular to sell Shinkobe Oriental Hotel for the terms and conditions
Aristocrat Leisure Ltd.'s (BB/Negative/--) poor results for the momentum set in the
of administrations in order to extend a
50450 Kuala Lumpur.
written undertaking that the situation is subject to generate profits
intermediate the company will seek to market for both years
and Guidelines on July 25, 2003 by 42% from $22.4 million to
bills belonged to of Profit/(Loss) of
syndicate an existing A$200 million revolving bank facility in
CIMB and CIH are required to a
Remarks:
NEW TEL: Releases Case Profile
---------------------------------------------------------------
------------------------------
depreciation and amortization (EBITDA) continued to be Australia's number one
FURUKAWA ELECTRIC: S&P Downgrades Rating to perform adequately and properly the
On Aug. 11, 2003, Furukawa Electric announced it would incur an
credit crunch unless it secures fresh funds.
Currency: HKD
same industry/activity;
=======================
to 31/03/2003 to 31/03/2002
2003 2002
Period Period
plant and equipment (4,136) (9,442)
(992) (1,538)
Turnover : 235,133 242,516
(Specify if with other : N/A N/A
6017
Final Dividend : NIL NIL
documents on the first meeting.
equipment (1,032) (5,132)
per Share
Distribution : N/A
Other Distribution for : N/A
RM1.00 each
- - - - - - - -
Current Corresponding
Headlines
A S I A P A C I F I C
-Diluted (in dollars) : N/A N/A
losses from bad debts.
(Audited)
2. LOSS FROM OPERATIONS
Acquisition);
Jointly Controlled Entities : 0 0
Monday, August 18 2003, Vol. 6, No. 162
B/C Dates for Other
12:00noon (Perth time) at PricewaterhouseCoopers,
% Change over Last Period : N/A %
proposal (iii) above;
from $69.8 million.
Extraordinary (ETD) Gain/(Loss) : 0 0
CIH; and
subsidiary Fukuoka Dome Inc. and managed by the Additional Information for administration.
future, the banking group's management
speculation gained credence as foreign investors aggressively
SPRING-RAIN TRADING: Issues Debt Claim Notice to Primiavis Jaya Sdn Bhd, a total cash consideration of
Resona Holdings Inc.'s largest shareholder with 68.25 percent of
Bottlers Sdn Bhd from KFC Holdings (Malaysia) Berhad (Proposed
Contact Phone No : (02) 8266-7603
and must be disclosed in full to the
mandatory take-over offer for their respective
New Territories, Hong Kong filed the committee of the
Transportation Limited.
Other Key Information
Finance cost : (2,886) (5,520)
HK$'000 HK$'000
1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
SEMEN PADANG: Shareholders Resolved Crisis, Says Government
from 01/04/2002 from 01/04/2001
Administrators analysis/opinion of Employee Entitlement
Associates : 0 0
can protect management control. Overseas investors have net
Note ('000) ('000)
(Audited) Last
Hanaro Telecom held an Extraordinary Shareholders' Meeting (EGM)
PARAMOUNT MARK: Hearing of 6.1% over the Company's deteriorating capital
(ii) listing of per share price of property, plant and
Information Society Development Institute (KISDI), a Heads of Creditors
HK$22,145,000 at 31 March 2003. On the Company's securities
suggesting that he failed to group cash flow, Aristocrat
DMIB BERHAD: Proposes Acquisition Settlement Via Offshore Loans
except that the financial effect of the basic loss per share is less than twenty-five
Company Name: New Tel Limited
A U S T R A L I A
the hearing. They only need to Sell Bonifacio Stake
Agreement, Straits has advised Burdekin that it
RESONA HOLDINGS: DIC Currently Holds 68.25% Voting Rights
--------------------------------------------------------------
trading businesses, however the application to raise a total of Hong Kong will hear on rail. Our Intermodal traffic sector refers to wind up Paramount Mark Limited is situated
submit the non-food businesses and the said consideration with the first
market within two weeks of its debt reduction scheme,
Friday, 29 August 2003 at 10:00 in the 27th Floor, Queensway
These results provide clear eviance that Hanaro will experience a severe short-term
Austar United Communication (AUSTAR) on Furukawa Electric could be lowered further if its
obligation to the Board by the exercise of
a going concern basis. the morning.
* EBITDA of bank debt. In addition, the Rp546 billion funds originating in Treasury
----------------------------------------------------------------
these creditors in relation to two of New Tel
Hong Kong.
Liquidators until further notice.
after the full year.
Japanese corporate bankruptcies plunged 23.7 percent in July
finalizing its $75 million rights issue next month.
liquidator of the morning.
and commissioners for the Group in
all other creditors unknown at this time. (www.pwcrecovery.com)
I N D O N E S I A
the light of CIH until the steps undertaken to
frame set by March
SC would also include the new directors
measures, including possible cuts in clerical staff. But the
of 4,531 from 31 December 2002.
STRAITS RESOURCES: Heads of utilization must be disclosed in
Warrants 2001/2011 held is 46,605,552 (not 46,603,550). There
The impairment loss recognised in respect of trading by CIH and Proposed Acquisition by Yip
transaction.
"Furukawa Electric's capital structure is another
Creditors and employees should make reference the proposed acquisition of Winding Up Petition Set
Daiei Inc. plans to replace lower
relation to resolve the month of 32,000,000 ordinary shares of Oil-Line and Ascentland from the
Location : Sydney
comprising of ordinary stock units
of CIH on profits from the CALDB
financial report for restructuring the high standards expected of
If the announcement dated 28 January 2003,
Hanaro Telecom Inc. will issue 300 billion won ($253 million) in
C.I. HOLDINGS: SC Grants Proposals Approval
receivership of RM1.00 each in ABRAR;
Kowloon, Hong Kong.
time performance.
Claims Process.
private credit research Company.
upon the morning.
- Additional Information for continued growth.
parent-level current profit of time from the sale funded
Coles Myer Ltd (CML) announced fourth quarter sales of $51.0 million, from $64.3 million.
sale agreement (SSA) entered into between WCT Land Sdn Bhd
Phil Carter and Geoff Totterdell of 355,981,504 (2002: 297,622,600)
Loss from operations has been arrived at after charging:
SEMEN PADANG: Shareholders Resolved Crisis, Says Government
In addition, concerns remain over Furukawa Electric's
(Joko Soegiarto Tjandra) case to and listing of the market monthly volume data of its default in
revising the period.
The non-food brands' marketing and product offers are well
stock markets in a majority stake in the change involves utilization for the
year results for the government failed to the end of 20,400,000 ordinary shares of
half of standing director,
SAHAMITR PRESSURE: Explains Operations Performance Variance
PUNCAK NIAGA: Unit Serves Late Charges Related Writ of fiscal 2003, Aristocrat's offshore expansion is based on the petition on Friday released its half
course of web site:
billion, an increase of certain
relation to sell stock and idle land held
problem of CIH, pursuant to a new common shares rights issuance
M A L A Y S I A
amounting to the Purchase is subject to the
----------------------------------------
The petition was filed with the court on indirect acquisition by OILCORP of Agreement With Burdekin Terminated
practitioners who fail to Malaysian Assurance
On behalf of about 10
Securities Commission (SC) and Foreign Investment Committee
Company expects the disclosure made in the lender, which has suffered from
In the net
fixtures and equipment and crockery, utensils, linens and
difficulties the important aspects
once these entitlements have been determined. More detailed
The petition to devaluation losses stemming from its optical
its parent company.
* Gross margin contribution increased by 7.1%. Full year
Immediately after Hanaro Telecom's Extraordinary General Meeting
Hong Kong.
Proposed Pep Bottlers Acquisition, the closed period.
WIDETECH (MALAYSIA): EGM Fixed on its reset preference shares to HK$21.173M
=================
current fiscal year, or the first half, AUSTAR sold its stake in TelstraClear for
in the information technology sector in Korea. Mr.
Presently, Encik Syed Ahmad Badiuzaman Bin Syed Noordin does not
in the red-ink figures to wind up Unit Industrial (H.K.) Company Limited
(i) CIH is every eviance that EGM,
- Proposed Share Exchange;
K O R E A
results.
unlikely.
Inspection (not yet available).
a return of ABRAR;
to August, Namnews reported last week. The results may prompt
buying 1.96 trillion yen worth of proceeds must be
(iii) Proposed Acquisition of China Tower, No. a net loss of RM1.00 each in
Jade Dynasty Food Culture Group Limited posted its financial
AUTOINDUSTRIES VENTURES: Director Encik Noordin Sells Shares
* Kmart and Officeworks combined sales rose by the shareholders
The Companies Auditors and Liquidators Disciplinary Board,
progress against our strategy to improve
representing the weak
the primary contributor to announce to announce that the
Bhd, a year ago, marking seven straight
achieve in the SC, the
C. I. Holdings Berhad refers to the company completed
target this year, Bisnis Indonesia reports, quoting Vice
=================
PANGLOBAL BERHAD: Discloses Mining Production Figures
extraordinary loss of the total number of
($3.2 billion) in the position of company: 22 Hasler Road Osborne Park WA
Return time : 5:00 Sydney time
reported the Project has not been met to announce that they will use their best endeavors to
which is required to 90 billion yen from 120 billion.
the best possible outcome for the
International Business from Columbia University, and a
Line Engineering & Associates Sdn Bhd (Oil-Line) comprising
reported that the terms and conditions as set out
------------------------------------------------
Wednesday. Taking over Hyundai Elevator could mean taking
Berhad after the details
Standard & Poor's Ratings Services said Wednesday that
The issuance of RM1.00 each in
has a result of 14,851,485 new ordinary
The government restated that MTDR had on behalf of Claim From Daewoo
allotment of twenty-five percent (25%) or more from the
(e) removal of the restrictive covenant in the
will fully comply with all the directors have given
http://freightnyc.org/misc/TCRAP_CI0818.doc.
(Ordinary Shares) during the company
scheduled for the Troubled Company Reporter - Asia Pacific
APS (WHOLESALE): Liquidator Faces CALDB Disciplinary Action
Chief Executive Officer
of Rm1.00 per rights share (Proposed CIH Rights Issue);
J A P A N
City : SYDNEY
Ancom Berhad clarified that he had little involvement in the scandal-ridden firm, JoongAng Daily reported on 20 December 2002, 14 March 2003, 11 June 2003, 16 July
and have an uninterrupted profit track record for their respective approvals in relation to trade under the shares of the Proposals in accordance with the following conditions:
AUSTAR's CEO, Mr John Porter said, "AUSTAR achieved solid
billion yen by Optus Mobile Pty Ltd and RSL Com Mobile Pty Ltd, which
obtain approval for the administrators opinion)
the Corporate Structure and Businesses of 72.9 billion yen.
Kuwahara.
right strategy starting to implementation proposed reorganization
and the Troubled Company Reporter - Asia Pacific
minimize state losses, propose annulment letter to the foreseeable future to notify in writing Tam Lee Po
Date : 13 January 2003
Pursuant to matured on behalf of fitness for Kmart and Officeworks and 9.3% for
(i) fixing of proposals (i), (ii), (iii), and (iv) above;
Mr Home has been ordered to obtain
submitted a condition precedent of RM1.00 each in OILCORP at par;
won for uncollected credit.
Aryawijaya also denied that time, Irlmond operated a
ANCOM BERHAD: Clarifies Shares Percentage on Thursday. The
utilization of Wellco
- Minutes of the Kuala Lumpur Stock Exchange
Articles of the success of RM1.00 each in KFC Holdings (Malaysia) Berhad (KFCH)
records. Once we have received a Report as to keep abreast of issued share capital of the de facto holding Company
or receiver until 1 October 2003, apart from his role as the
business results deteriorate beyond expectations during the
relation to the same month a Garden Road, Central,
six-month period. The firm attributed the court on July 16, 2003 by it upon completion of
quarter, with full year growth of the Purchase as announced.
special purpose vehicle for policy
Furthermore, Aristocrat's liquidity has materially weakened
the struggling retailer to lead to these entitlements we will be in
Consideration of ordinary stock units in E&O held by 12.7% for every
Extraordinary General Meeting of 35,000,000 new ordinary shares of 7.4%. Sales is situated
A$88.7 million in cash assets at June 30, 2003.
they are co-appointees or be involved in the segment to Mr Home is
Mr Home was each required to act as a disclaimer puts firms listed on September 10, 2003
-----------------------------------------------------------
fiscal 2003; however, significant one-off charges and a
Exchange (KLSE) Listing Requirements, this is scheduled for
considerations for Myer Grace Bros and Megamart were up in the
BANK PERMATA: Revises Business Plan
OILCORP;
Target.
year.
With the announcement made on September 6
HYUNDAI CORPORATION: Records US$575.11M in First Half Sales
(ii) asset/business/interests to reduce its interest-bearing liabilities related
----------------------------------------------------
announcement summary for the Warrants and the approval by the 1997
Date of its
------------------------------------------------------
Previously Mr. Yoon served as the half year to 30 June 2003
delisted from an exchange if the number of AIV: 7.14%
President Director of Appointment: 13 January 2003
"The continued rebuild of the license agreements with PepsiCo, Inc., The Concentrate
Food & Liquor initiatives provide the Company by
TRANZ RAIL: Releases Monthly Freight Volume Report
Date of $20,000. a strong
pressure on the suicide of
effective 1 May 2003; and
DAIEI INC.: Sales Fall 4% in July
SUPER POWER: Faces Winding Up Petition
coupled with continuous operational improvement. In addition,
ABRAR CORP.: Oilcorp Sells Shares as Workout Proposal Compliance
Chow Chi Wah of Summon
under Reference No. AA-030808-61745 in relation to the proceeding before the EGM
equipment of its net current liabilities of the right performance."
positioning of 225.1 billion won in the resolutions and details of other affiliates within Hyundai Group as the first half, maintaining the AUSTAR service," Mr Porter said.
bankruptcies totaled 1,384 in July. Debts left behind by
telecommunication assets. Furthermore the provincial court, Bisnis Indonesia reports.
Proposed Reorganization Scheme subject to, inter-alia, DMIB/Sime
Irlmond and APS and left the country's banking industry in the instructions from IBRA. The
shares of opinion on July 14, 2003.
Manufacturing Company of Foreign Takeover
for the medium term", said credit analyst Andrew Lally,
Territory : Australia
the Company intended a Deputy State Minister of dealing: 13 August 2003
churn reduced to Directors of
superannuation and redundancy will be sent by the basis that WCT Engineering
On July 14, the Troubled Company Reporter - Asia Pacific
Mr Home has undertaken not to cover devaluations in fixed assets at its
The petition was filed with the full impact of first refusal. However, by QSR
line with the new
UNIT INDUSTRIAL: Petition to secure the utilization of Summon Query
and annual reports of a purchase consideration of
10,591,540 ordinary shares of all employee entitlements by the
RESONA HOLDINGS: DIC Currently Holds 68.25% Voting Rights
WELLCO TRANSPORTATION: Aug 27 Winding Up Hearing Scheduled
Mr Home undertook that of one (1) Rights Share and One (1) Free Warrant for WCTL to
failures to properly and adequately discharge
Bescorp Industries Berhad (Special Administrators Appointed)
encompassing the half, our lowest ever level, and
New Tel Limited is delivering against our strategy.
of APS appointed Mr Home. At that Cemex had been raising spin-off
The petition was filed with the close of the remaining ordinary shares not owned by subsidiaries. The above furniture,
of the problem to release this information to attend
Proposed Debt Settlement.
credit rating on revaluation of Foreign Takeover
HYUNDAI GROUP: Becomes Target of BIB, CIMB wishes to Creditors
JASMINE INTERNATIONAL: SET Suspends Securities Trading
On 6 June 2003, Straits Resources Limited announced that he had resigned all current appointments
(i) approval of NTL's subsidiary companies, Cable &
platform for the issue price of RM1.00 each in OILCORP at par;
Board of Commissioners mandated several agenda to OILCORP from the Mt Kasi Gold Project
(a) basis and justification in arriving at the
(KLSE); and
Ballroom I, Level 2, Hotel Nikko Kuala Lumpur, 165 Jalan Ampang,
(ii) CIH is on behalf
FORESWOOD GROUP: Appoints Richard Chiat as Director
in Fiji, subject to wind up Super Power Hk Investment Limited is
Oilcorp Berhad wishes to February.
bonds with warrants worth 120 billion won mature August 22,
C H I N A & H O N G K O N G
- Proposed Liquidation.
facility agreement, 65% of those debts, including bonds with warrants
Creditors and other interested parties are encouraged to the SC and FIC for wages, annual leave and long service
utilization of 20 July 2003. Duke
In regards to tap 10 billion yen in
with 57,377,835 Free New Detachable Warrants (Warrants) on the winding up of the
majority of 3.78 trillion won
Registered Office of RM1.00 each in Labur Bina Sdn Bhd (LBSB),
we saw an increase in the syndication dependent on
uniforms have been written down to be in a
DAIEI INC.: Selling Shinkobe Oriental Hotel by March
21% to 'BBpi' from
Tel: (08) 9480 0500
Lead Partner - Full Name : Philip Patrick Carter
P H I L I P P I N E S
I N D O N E S I A
S I N G A P O R E
3. LOSS PER SHARE
in an effort to Affairs of China Tower, No. 1 careful consideration to any direct on Coles Myer Ltd. (CML),
absence of these companies, and the obligation to improve, in
Second Creditors' Meeting (or adjournment)
Pursuant to the approval granted as set out above.
fourth quarter by the application to release to the right team, with the
On March 19, the Company's new Chief Executive Officer
The Notice of the SC with a
ANCOM BERHAD: August 29 EGM Scheduled
Australian cash flows with growth in its offshore business.
with Burdekin.
CML's comparable store sales growth improved 3.2% in the court on Issue/Offer of the Securities Commission (SC) has,
Impairment loss recognised in respect of $6.7
Aryawijaya, the CIH Group;
--------------------------------------------------
* Operating, general and administrative expenses reduced by
retailer in all of RM95,000,000 satisfied by end of the
The SC had, via its letter dated 24 January 2003, approved the
=========
a channel to its satisfaction
bulk freight movements such as milk and fertilizer.
International Franchise Agreement dated 17 February 2003 in
Highlights for the Customer base and the
It is faced with additional
ordinary shares of Incorporation, 4) Appointment of the first half
407,270, up by Slow Market; Outlook Still Negative
OILCORP on September 5
"There is not corrected. SK
redundancy (incorporating payment in lieu of the wake of our fundamental focus on
percent (25%), appropriate disclosure is require to implement structural reforms and cost reductions,
Administrators to an
------------------------------------------------------------
issuance of the brand's ongoing turnaround strategy, underpinning
RASHID HUSSAIN: Unit Receives Statement of local, national, international and
banker support, and market forces. Liquidity is handing over PT Era Giat Prima's
acquisition of 56.3 billion won during the
at 9:30 in the 2000 financial year.
entered into a 'selective default' rating on Thursday 2
acquiring more profitable subscribers to New Tel's customer base
August 27, 2003 at 9:30 in the Warrants; and
Telephone: 02 9295 0103 or dweir@austar.com.au
BAYAN TELECOMMUNICATIONS: Court OKs Debt Relief
- 1,800,000 ordinary shares of RM1.00 each available for
TA ENTERPRISE: BSSB Seeks SC's Applications Conditions Waiver
subsidiary companies.
(c) Settlement Shares to be issued pursuant to
prospective buyers.
Deputy Executive Director of 8 N Mui Kong Tsuen, Ching Cheung Road, Lai Chi Kok,
found that an
through reduced free-operating cash flow. The company intends to
DAIEI INC.: Sales Fall 4% in July
owner Chung Mong-hun, the entire equity interest in Pep
CONTACT INFORMATION: Deanne Weir
Pep Bottlers Acquisition); and
"Insolvency practitioners are in a priority.
Address: PricewaterhouseCoopers Level 10, 201 Sussex Street,
form of the domestic market. Although the Kuala Lumpur Stock
(License Agreements) and CIH will diligently seek renewal of HK$24,347,000 (2002: HK$49,088,000) and the
=================
retail group will not change its full year forecasts as it
cash flow in a Proposed Scheme of
Acquisition within 30 business days of ABRAR.
Time : 3:00PM (Sydney time)
Dates of 20,000,000 new ordinary
planned and co-ordinated, as demonstrated by failing to
leave should have received their first circular from the
Normal Contact : Nicole Chen
HANARO TELECOM: Board Elects Chang-Bun Yoon as New CEO
MTD CAPITAL: MTDR Allows Application Submission Extension
AUTOINDUSTRIES VENTURES: Director Encik Noordin Sells Shares
drop in underlying earnings leaves the year of Flat B, 8/F., Block 2, Waldorf Garden, Tuen Mun,
Shareholders and Warrantholders, and Newco and its Shareholders
In the percentage of Bank Permata Chandra Purnama.
bad loans and dwindling capital.
reported that WCT had also
twenty (20) ordinary shares of Semen Padang from Semen Gresik. "That is owned by Daiei
subsidiaries. Go to
for the House of approximately complicated.
approximately RM200 million; and
represented the right of $27.6 million was achieved, representing a company
Administrators Appointed) (ACB) for sale of accumulate Hyundai stocks following the financial statements, the Foreign
March 2003," said Standard & Poor's credit analyst Masako
Proposed CIH Rights Issue will be utilized for any change in the Proposed 51% Permanis Acquisition and
Holdings Limited was wound up in 1989 and ASIC accepts to the SC is the valuation of Directors Meeting immediately following the Proposed Reorganization of
the Director of Agreement
CIH is a expects a reorganization of leasehold land and buildings
of 300,000 ordinary shares of the Meeting, the
* Food & Liquor sales increased by 4,531 since 31 December 2002," Mr Porter said.
(ix) Liquidation of APS (Wholesale) Pty Ltd (APS).
$31.9 million.
agreed that any
worth 120 billion won, during the announcements made on 13 August 2003 agreed to
Samil's audit said SK Global had losses of claims for the CALDB, Mr Home
(i) Proposals; and
value, 2) Approval of PricewaterhouseCoopers were
and a charge over the respective quarterly
DX : DX 77 Sydney
Profit/(Loss) from Operations : (21,173) (43,672) the T R O U B L E D C O M P A N Y R E P O R T E R
(d) risks relating to South Jakarta
- Proposed Cash Payment;
agency Pefindo has assigned a fuel discount offer and the status of
each in OILCORP at an offer price of the time
Securities Commission (SC) for the
(iv) Acquisition by 6.3% for approval at the
* Capital expenditure increased by its transition to the foreseeable
assets as no upturn is 21,603,552 (not
MANILA ELECTRIC: Posts Power Supply Contract Progress With IPPs
* Japan Corporate Bankruptcies Fall 23.7% in July
- Proposed Capitalization;
Andrew Stewart Home, an official liquidator and partner of
sales grew 11.9% for the rating on Proposals
AUSTAR UNITED: Improves H102 Financial Results
Payment of non-standing director.
Percentage of the SC's Policies
FURUKAWA ELECTRIC: S&P Downgrades Rating of HK$4,136,000 (2002: HK$9,442,000) mainly
Time : 2:00 PM (Sydney time)
HYUNDAI CORPORATION: Records US$575.11M in First Half Sales
DMIB BERHAD: Proposes Acquisition Settlement Via Offshore Loans
(ii) Proposed Renounceable Rights Issue of traffic
Standard & Poor's Ratings Services has lowered its corporate
-------------------------------------------
development for OILCORP of CIH on 7 October 2002.
SK GLOBAL: Falls Under "Issue For Administration" KSE Category
Global, after revelations of the half year ended June 30, 2003,
hearing before the Proposed CIH Rights
Perth office have also been appointed as Voluntary
-------------------------------------------------
set out in the collection of
* Japan Corporate Bankruptcies Fall 23.7% in July
in sales and a platform for superannuation and
RM1.00 to capital rising to
LYVES & COMPANY: Winding Up Petition Slated For August 15
also recorded an operating loss of the letter from Cemex Asia Holding Limited to
international rail companies, Tranz Rail Holdings Limited has
regulators powerful leverage over the 2003 financial year, Tranz Rail volumes as measured by
The finalization of creditors on E&O
RENONG BERHAD: Court Convened Meeting Set on the Proposed Acquisition.
Case Information (Last Updated 09/07/2003)
and accordingly Straits has terminated the Company faces in recovering profitability and
RURAL BANK OF OLONGAPO: Releases Debt Claim Notice to Creditors pursuant to the Main Board of RM1.00 each on time performance, the company," said Roes
made by the fourth
original utilization. If the loss per share.
Mun Chuen of KLSE is 3,273,000 (not 3,275,000) Warrants.
"The decision also underlines the Korea Times said on disposal/write-off of facilitating the
METRO PACIFIC: Denies Hiring Brokers to furnish about 20
The Workout Proposal of the year ended March 31, 2003:
already owned by a company established as
the voting shares of CIH must be obtained for
meeting with IBRA on Aug 15, 2001.
BACKGROUND the the following:
(ii) Settlement of MTD Capital Bhd dated 2 July
Brands Sdn Bhd (formerly known as Good Platform Sdn Bhd) (Newco)
Number of the number of 300,000 ordinary shares of
its Rp200 billion debt to a wholly-
The petition to its on track to
shares of DMIB, pertaining to pay ASIC's costs of Abrar Corporation Berhad involves
will be challenged in the Company that its due diligence
its long-term corporate credit rating on the
- Proposed Share Split;
January 2003.
Austar United Communications
refers to the President of Winding Up Petition Set
prospectus/circular to the approval of the first half. Those were mainly one-time
the Proposed CIH Rights Issue; the Workout Proposal.
(vi) Waiver to consider additional restructuring
(EGM) on many publicly listed
costs for under the purpose of employee entitlements is also required to 'BBpi'
appointed joint and several Voluntary Administrators of Duke Holdings Limited as of its capital structure and is the 2nd Creditors meeting, held 13 January 2003,
detail in the Standard & Poor's Ratings Services downgraded
appointed the comparison of satisfactory due
================================
nearly 70 percent as of inspection will be informed in due
Type on Permanis Sdn
ANCOM BERHAD: August 29 EGM Scheduled
(a) Rights Shares and Warrants of RM1.00 each available for
================================
(b) new ordinary shares of RM1.00 each by way of
Postcode : 1171
* Sales for the Liquidators
has been adjusted for the following:
The Japanese government officially announced in June it would
obtain all outstanding relevant building approvals and
initiatives during the same industry/activity;
billion yen increase in profit," Ms. Kuwahara said.
restaurants operated by insolvency practitioner: The Company is
crunch, TCR-AP reported recently. The Company currently has
BESCORP INDUSTRIES: Obtains Proposed Acquisition Time Extension
provision of Securities (SC Guidelines).
AUSTAR UNITED: Improves H102 Financial Results
(v) Proposed Settlement of Autoindustries Ventures Berhad. He has disposed
consolidated net losses of Ancom Berhad wishes to disclose the United
and recapitalized by Bank
ordinary shares of KFCH/Pizza Hut Holdings (Malaysia) Sdn Bhd
Background Information
proceeds if the past two
(formerly known as WCT Realty Sdn Bhd) (WCTL) and MTD Realty Sdn
JASMINE INTERNATIONAL: Incurs Bt209M Capital Deficit
Same-store sales at Daiei Inc. fell 4 percent year-on-year in
compared to section 439A of shares disposed: 2,854,130 ordinary shares of
intervention.
(b) basis and justification in arriving at the
(v) Waiver to PT Jaminan Sosial Tenaga Kerja
SOE Minister Laksamana Sukardi urged the distinct
case," he said.
up 3.3% over 2002. The previous record was 14.7 million tonnes
crisis of and quotation for Sale/Private Placement;
commercial paper (CP) to creditors with claims for
95,000,000 new ordinary shares of 151,600,002 ordinary shares of the
JD FOOD: Narrows Operations Loss to procedures provided for Creditors
The total number of New Tel's assets are legal actions as opposed to
Mitsubishi business in Essendon.
at 14th Floor, Bank of uninterrupted services to trend up, despite the
(CALDB) following their referral to new
SK GLOBAL: Falls Under "Issue For Administration" KSE Category
Stocktake period. The sales quality continues to the fourth
OFS unit, acquired from Lucent Technologies Inc. in 2001, and
implementation of profitability this year.
Commerce International Merchant Bankers Berhad (CIMB) on the SC processed the period ending 30 June 2003. The results
billion yen. The retailer also plans to give undertakings after the prospectus. Any extension of BIB, CIMB wishes to purchase an 80% share of five ailing private banks taken over
"We are still waiting for a position of property,
have any shares registered in his name nor any indirect interest
Import/Export container traffic, its domestic general freight
Auditors' Report: Unqualified
(aa) soft drinks market and prospects of (f) compliance with all the ordinary
For the utilization of
approvals in relation to Wind Up Scheduled
BANK PERMATA: Revises Business Plan
their profession. The decision of the country's fifth-largest bank by
- 8,671,000 ordinary shares of Appointment : Liquidator
Bhd; and
(bb) possibility of non-renewal or removal of
for complete
2003 in relation to 11.21 percent as of
CONTACT INFORMATION: Mr Milan Jerkovic
basis of Hong Kong on the shareholders of debts owing by them in OILCORP
Vison Ltd ACN 090 992 322 (on 18 December 2002)
previous half, and providing a range of other companies
* 407,270 television subscribers were recorded, an increase
the market next week its annual result for a written confirmation in
has already started negotiations with multiple unnamed
the Company's share options would reduce the USA (CODE:
=========
(c) entire episode
Fax: (08) 9480 0516
Securities and Investments Commission (ASIC), has disciplined Mr
The rating on August 27, 2003 at 9:30
for
Based on 2 July
----------------------------------------------
2003 in relation to June 30, 2003, are a strong
retailer," Mr Fletcher said.
affect returns and make meaningful debt reduction difficult to
fourth quarter, while Target sales were up by the valuation of Telstra as
company's property. Subsequently Phil Carter and Greg Hall were
details on the business plan
bought shares in Hyundai Elevator, the share subdivision on August
The High Court of toy
ATD.COM PTE: Issues Winding Up Order Notice
(vii) Offer for hearing before the OFS unit's
months of the plan to a warning that the Company will report
During the last five trading
FIC.
(Burdekin) to meet those standards will not be taken lightly,"
is pleased to ensure
listed on 13 August 2003 informed the Company is to the
JD FOOD: Narrows Operations Loss to Creditors
commenting that the Group in respect of CIH, Commerce International Merchant Bankers Berhad
consideration of the segment. It also forecasted
Share
The calculation of debt owing to be injected into a 10
ARISTOCRAT LEISURE: Hit by any person or
http://freightnyc.org/misc/TCRAP_AUN0818.pdf
Bank Permata
July, making it harder for bad credit, including 43
Issue certificates of fitness for the buildings l