Business Overview

OKP is involved in the widening of Central Expressway from Pan Island Expressway to Braddell Interchange.

OKP Holdings Limited ("OKP") is a leading home-grown infrastructure and civil engineering company, specialising in the construction of airport runways and taxiways, expressways, flyovers, vehicular bridges, urban and arterial roads, airport infrastructure and oil & gas-related infrastructure for petrochemical plants and oil storage terminals.

Established in 1966 by Founder and Chairman, Mr Or Kim Peow, OKP has two core business segments, Construction and Maintenance. The Group tenders for both public and private civil engineering and infrastructure construction projects as well as contracts for maintenance of roads and road-related facilities and building construction-related works.

Since 2006, the Group has forged a presence in the Oil & Gas sector. Since then, we have completed a project relating to the $750 million Universal Terminal, a massive petroleum storage facility on Jurong Island, Singapore's oil refining and petrochemical hub, and gone on to secure a number of other projects, including civil works relating to ExxonMobil's multi-billion dollar petrochemical project, known as the Second Petrochemical Complex. The Group had also recently secured a $1.1 million contract for land reclamation works on Jurong Island, making further headway into the Oil & Gas sector.

OKP's clients include various public sector agencies such as Civil Aviation Authority of Singapore, Housing & Development Board, Jurong Town Corporation, Land Transport Authority, National Parks Board, Public Utilities Board and Urban Redevelopment Authority as well as private sector organisations like Foster Wheeler Asia Pacific Pte Ltd and WorleyParsons Pte Ltd, Far East Organisation and Angullia Development Pte. Ltd.

In 2009, we secured our single largest public sector project in our 44-year history, a $119.3 million contract from the Land Transport Authority to widen the portion of Central Expressway from Pan Island Expressway to Braddell Interchange.

In a strategic move to expand the global arm of our business, our wholly-owned subsidiary, OKP Technical Management Pte. Ltd., entered into a joint venture agreement with CIF Singapore Pte. Ltd., a subsidiary of China Sonangol International (S) Pte. Ltd.. Earlier, OKP had allotted and issued 15 million new ordinary shares to China Sonangol International (S) Pte. Ltd., a subsidiary of China Sonangol International Limited which is an overseas conglomerate engaged in oil, gas and minerals investments and explorations, crude oil supply and national infrastructure construction projects.

In September 2010, OKP made Forbes Asia's 'Best Under A Billion' List, the magazine's annual ranking of the best 200 firms in the Asia Pacific region, chosen from a list of close to 13,000 publicly listed, top-performing companies assessed based on sales and earnings growth, and shareholders' return on equity over a three-year period and the past one year.

In December 2010, our wholly-owned subsidiary, Or Kim Peow Contractors (Pte) Ltd, entered into a joint venture agreement with Soil-Build (Pte) Ltd, a wholly-owned subsidiary of Soilbuild Group Holdings Ltd, a well-respected property developer in Singapore pursuant to which Forte Builder Pte. Ltd. was incorporated. In the same month, Forte Builder Pte. Ltd. secured a $83.5 million contract from Angullia Development Pte. Ltd. to undertake the construction of luxury Angullia Park condominium in Orchard Road.

OKP has been listed on the Stock Exchange of Singapore Dealing and Automated Quotation System ("SESDAQ"), now renamed Catalist, since 26 July 2002. Our listing was upgraded from the Catalist to the SGX Mainboard with effect from 25 July 2008.

Our current market capitalisation is $151.5 million (2009: $118.7 million) while total assets are $153.1 million (2009: $122.4 million) as at 31 December 2010.