February 18, 2008  
ASSET MANAGEMENT: Subject to CIR's Wind-Up Petition
On October 17, 2007, the Commissioner of Inland Revenue filed a
petition to have Asset Management & Logistics Ltd.'s operations
wound up...
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FURUKAWA ELECTRIC: S&P Raises Long-Term Credit Rating to BB+
Standard & Poor's Ratings Services  upgraded to 'BB+' from 'BB'
its long-term corporate credit rating on Furukawa Electric Co.
Ltd., and raised to 'BBB-' from 'BB+' its long-term senior
unsecured debt rating on the company.  The upgrades are based o...
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GLASS EARTH: Closes Second & Final Tranche of Private Placement
Glass Earth Gold Limited has closed the second and final tranche
of a non-brokered private placement originally announced on
November 1, 2007...
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RUAHINE TRADING: Appoints Shephard & Dunphy as Liquidators
On January 29, 2008, the shareholders of Ruahine Trading Ltd
appointed Iain Bruce Shephard and Christine Margaret Dunphy as
the company's liquidators...
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SAPPORO HOLDINGS: Steel Partners Says Bid Won't Harm Investors
Steel Partners Japan said that its takeover proposal for Sapporo
Breweries Ltd. won't harm shareholders; interests, as opposed to
claims made by a Sapporo Holdings Ltd. panel studying the bid,
The Japan Times reports...
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STATE BANK OF INDIA: Gov't to Issue Special Securities
With reference to the Rights Issue of the State Bank of India,
which is scheduled to open for subscription from Feb. 18, 2008,
the company has informed the Bombay Stock Exchange that the
Government of India, via letter dated Dec. 3, 2007, communicated...
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SYMBION HEALTH: Primary Mulls Divestment of Some Units
Primary Health Care has disclosed last week that its future plan
for Symbion Health Ltd. may include divesting some of its
assets, The Australian reports.  Primary's next move will
depend on how much final stake will it obtain.  Its purchase
offer will...
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WHISTLEJACKET CAPITAL: S&P Junks Notes on NAV Test Failure
Standard & Poor's Ratings Services placed the issuer credit, CP,
and MTN ratings on CreditWatch with negative implications.  At
the same time, Standard & Poor's lowered its ratings on the
capital notes issued by Whistlejacket and White Pine.  The
ratings...
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