December 10, 2007  
* India's SEBI Amends Disclosure & Investor Guidelines
To facilitate development of a vibrant primary market for 
corporate bonds in India, the Securities and Exchange Board of 
India has amended the provisions pertaining to issuances of 
corporate bonds under the SEBI (Disclosure and Investor 
Protection)...
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CHINA EVERBRIGHT BANK: Plans IPO in June or July 2008
China Everbright Bank plans an initial public offering in June 
or July 2008 on a yet-to-be-determined stock exchange, China 
Daily reports, citing the China Securities Journal...
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ELPIDA MEMORY: S&P Assigns BB- Corporate Credit Rating
Standard & Poor's Ratings Services assigned its 'BB-' long-term 
corporate credit rating to Elpida Memory Inc.  The outlook on 
the long-term corporate credit rating is stable. ...
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KATOKICHI CO: Posts JPY101-Million Net Loss for FY2007 1st Half
Katokichi Co. said it saw a consolidated net loss of 
JPY101 million in the six-month period ended September 30, 2007, 
due to scandals involving the food it sold and soaring oil 
prices that boosted fuel costs, Kyodo News reports...
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MOWBRAY COLLECTABLES: U.S. Investor Buys More Than 5% Stake
A major United States investor -- the Houston-based Commonwealth 
Australia and NZ Fund -- has bought up a large chunk of Mowbray 
Collectables, a regulatory filing with the New Zealand Stock 
Exchange discloses...
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SEALEGS CORP: Rigid Inflatable Sets New World Record in Speed
Hitting record breaking speeds of over 100kph, a Sealegs 6.1m 
rigid inflatable boat has set a new world fastest water speed 
record for an amphibious vehicle in Sydney harbour, a company 
release states.  Five hundred meters of water was covered in the...
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SELOGA HOLDINGS: Bursa to Delist Securities on December 17
On December 17, 2007, the securities of Seloga Holdings Berhad 
will be delisted from the official list of Bursa Malaysia 
Securities Berhad as the company does not have an adequate level 
of financial condition to warrant its continued listing...
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SELOGA HOLDINGS: Proposes New Regularization Plan
Seloga Holdings Berhad has proposed a new regularization plan, 
which the company believes will regularize its financial 
position and address the Securities Commission's concerns, after 
it rejected the company's initial proposals on July 3, 2007...
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Featured Companies and Professionals

Bluestone Group Pty Ltd
Chemtura Corp fka Crompton Corp
China Everbright Bank Co Ltd
Citic Resources
Ekran Bhd
Elpida Memory Inc
Greif Inc (fka Greif Bros Inc)
ICICI Bank Ltd
Katokichi Co., Ltd.
Knoll Inc
Lazard Ltd (fka Lazard Frères & Co LLC)
Mitsubishi Motors Corp
Mowbray Collectables Ltd
PanGlobal Bhd
Panchmahal Steel Ltd
Sanyo Electric Co Ltd
Saurashtra Cement Ltd
Sealegs Corp Ltd
Seloga Holdings Bhd
Singer India Ltd
Solutia Inc
Southern Iron & Steel Company Ltd
VeriFone Holdings Inc

Professionals
Akin Gump Strauss Hauer & Feld
Ernst & Young
Houlihan Lokey Howard & Zukin
Inland Revenue Department
Kirkland & Ellis
PricewaterhouseCoopers

 THE TROUBLED COMPANY REPORTER - ASIA PACIFIC
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