<DOCUMENT>
<TYPE>EX-99.E
<SEQUENCE>7
<FILENAME>c80290exv99we.txt
<DESCRIPTION>LETTER OF ADVICE ON PLEDGE & NEGOTIABLE SECURITIES
<TEXT>
<PAGE>
                                                                       EXHIBIT E

                                 [Translation]

                              LETTER OF ADVICE ON
                        PLEDGE OF NEGOTIABLE SECURITIES


                      Republic of China  September 8, 2003


1.   The Debtor and Pledgor, Kinbong Holdings Limited, borrows from Set Top
     International Inc. (Creditor and Pledgee) money in the amount of exactly
     Forty-One Million United States Dollars. The Debtor hereby agrees to pledge
     the following negotiable securities (#AP2053 and #AP2054) to the Creditor
     as collateral.

2.   The Pledgor agrees to pledge the negotiable securities that are held by it
     of Asia Pacific Wire and Cable Corporation Limited, totaling 3,097,436
     shares (with a par value of US$0.01) to the Pledgee as collateral.

3.   Both parties agree that when the Debtor has performed its repayment
     obligations, the pledge on these negotiable securities may be released. The
     Pledgee agrees that when this pledge is to be released, the matter will be
     handled in accordance with the agreement for the release of the pledge on
     the negotiable securities.



<PAGE>
4.   If the Pledgor is subsequently unable to perform the repayment obligations,
     the Pledgee has the right to dispose of the negotiable securities under
     this pledge.



PLEDGOR (BORROWER):      KINBONG HOLDINGS LIMITED

LEGAL REPRESENTATIVE:    Tom Ching Yun Tung / Director

                         [Signature: "Tom Ching Yun Tung"]


UNIFORM SERIAL NO.:      162920

ADDRESS:                 5th Fl., 285 Chung Hsiao East Road, Sec. 4, Taipei,
                         Taiwan, Republic of China



PLEDGEE (CREDITOR):      Set Top International Inc.

LEGAL REPRESENTATIVE:    TSAI, FU-NU

UNIFORM SERIAL NO.:      451924

ADDRESS:                 4F, No. 69, Hsin-Yi Rd., Sec. 4, Taipei City, Taiwan
                         R.O.C. 106



                                      -2-

</TEXT>
</DOCUMENT>
