Award Of Tender
The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that the tender for contract ER288 - Widening of Central Expressway from Pan Island Expressway to Braddell Interchange ("the Contract") by its wholly-owned subsidiary, Or Kim Peow Contractors (Pte) Ltd has been accepted by the Land Transport Authority.
The amount of the Contract is SGD119,270,000 and the commencement date was 30 January 2009. The Contract is expected to be completed on 29 December 2011.
The Contract is expected to contribute positively to, but has no material impact on, the earnings per share or net tangible assets per share of the Company and its subsidiaries for the current financial year ending 31 December 2009.
None of the Directors has any interest, direct or indirect, in the Contract. As far as the Directors are aware, none of the controlling shareholders of the Company has any interest, direct or indirect, in the Contract.