ABN Newswire Stocks to Watch: December 17, 2009

Sydney, Dec 17, 2009 AEST (ABN Newswire) - Pan Asia Corporation Limited (ASX:PZC) provided update on the review of the extensive portfolio of projects being acquired from Innovation West announced to shareholders on 23 November 2009. The Company said its executives have recently returned from visiting the highest priority projects and it is clear that the proposed acquisition of projects represents a significant company changing growth opportunity.

Galaxy Resources Limited (ASX:GXY)(PINK:GALXF) has received A$6 million being the first stage share subscription placement from Creat Resources Holdings Limited ("CRHL"), an investment vehicle for Creat Group Co Limited ("Creat").
The company said it received it in its accounts ahead of the original schedule, while it had expected to receive the First Subscription funds on 21 December 2009.

Kingsoft Corporation Limited (HKG:3888), China's leading entertainment and applications software developer, distributor and service provider in terms of market share, said that Kingsoft Internet Security has passed the PUA (Potentially Unwanted Applications) Test of AV-Comparatives, an internationally recognized organization in anti-virus software testing, becoming the first Chinese-made software to pass the test so far. This is a solid proof of the outstanding performance of Kingsoft Internet Security in clearing adware, spyware and rogue software as well as its leadership and strong competitive strength in domestic software market.

Beach Energy Limited (ASX:BPT)(PINK:BEPTF) has released drilling report for the week ending 16 December, 2009. The company said Paralana-2 (GEL 178) has been successfully cased and cemented to a depth of 3725 metres and the rig was released on 12 December. The evaluation program for Paralana-2 is to continue early in 2010 to determine the static temperature and rock properties of the basal interval of the well (Beach, well Operator, earning 21%).