News

Increase In Paid-Up Capital Of Or Kim Peow Contractors (Private) Limited

The Board of Directors of OKP Holdings Limited ("the Company") is pleased to announce that Or Kim Peow Contractors (Private) Limited ("OKPC"), a wholly-owned subsidiary of the Company, has increased its issued and paid-up capital from $8,300,000 to $15,500,000 by capitalisation of $7,200,000 from its retained profits.

The net tangible assets and earnings per share of the Company for the financial year ending 31 December 2008 is not expected to be materially affected by the increase in share capital of OKPC.

None of the Directors has any interest, direct or indirect, in the increase in investment. As far as the Directors are aware, none of the controlling shareholders of the Company has any interest, direct or indirect, in the aforesaid transaction.