The applicant filed this ex parte originating summons under s 176(1) and (10) of the Companies Act 1965 for an order that:

(i) the applicant be directed to convene separate meetings to be held in

respect of its two classes of creditors described as the secured creditors

and unsecured creditors for the purpose of considering and if thought fit

approving with or without modification the scheme of arrangement proposed to

be made between the applicant and its creditors;

(ii) the said meetings are to be held on or before 4 September 1998

between the hours of 9am and 5pm;

(iii) the applicant be at liberty to fix an earlier date and the venue of

the meetings;

(iv) Mr Lim Ming Woei, a director of the applicant, or failing him Mr Yaw

Kong Meng, a director of the applicant be appointed as chairman of the said

meetings and the said chairman be directed to report the results thereof to

this honourable court;

(v) the said meetings be summoned by the giving of not less than 21 days

notice and that such notice be given by way of:

(a) sending by ordinary mail the notice in the form annexed herewith

as Annexure 1 with the blanks appropri