January 15, 2008  
ARROW ENERGY: Inks Production Sharing Contract with PetroVietnam
Arrow Energy Ltd. signed a production sharing contract with the 
Vietnam government-owned PetroVietnam in Hanoi...
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BANK LIPPO: CIMB to Disclose Findings From Merger Study
CIMB group, which is currently conducting a feasibility study on 
Khazanah Nasional Bhd's proposed merger of its Indonesian banks, 
PT Bank Niaga and PT Lippo Bank Tbk, expects to disclose results  
in the first quarter this year, various reports say...
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CHINA EASTERN: Air China Wants “Comprehensive” Tie-Up
China National Aviation Holding Co., the parent of Air China, 
will propose a "comprehensive" alliance with China Eastern 
Airlines Corp. that could include code-sharing, a joint cargo 
venture and an equity tie-up, Reuters reports, citing a CNAHC 
official...
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GOODWILL GROUP: Ministry Halts Operations Due to Unlawful System
Goodwill Group Inc. was ordered by the Health, Labor and Welfare 
Ministry to suspend operations due to a series of law violations 
involving the dispatch of temporary workers to jobs they are not 
permitted to undertake or the double dispatch of workers,...
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HOPSON DEVELOPMENT: Moody's Affirms Ba2 Ratings After Land Bid
Moody's Investors Service has affirmed the Ba2 corporate family 
rating and senior unsecured debt rating of Hopson Development 
Holdings Limited.  The outlook for both ratings remains stable...
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JAPAN AIRLINES: MUFG to Buy 49% of JALCard for JPY40 Billion
Mitsubishi UFJ Financial Group will acquire a 49% stake in Japan 
Airline International Co., Ltd.'s credit card unit for about 
JPY40 billion, Thomson Financial, citing the Nikkei business 
daily, reports...
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JCT ELECTRONICS: Books INR84.3-Mil. Loss in Qtr. Ended Sept. 30
JCT Electronics Ltd recorded a net loss of INR84.3 million in 
the three months ended Sept. 30, 2007, down 83% from the 
INR520.4-million loss incurred in the same quarter in 2006...
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SYMBION HEALTH: Primary Extends AU$2.7-Bil Offer to February 7
Symbion Health Ltd.'s procurer, Primary Health Care Ltd., has 
extended, for the second time, its AU$2.7-billion offer for its 
rival to February 7 from January 21, Ben Wilson writes for 
Reuters...
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 THE TROUBLED COMPANY REPORTER - ASIA PACIFIC
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