The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that the tender for contract no: NParks/N/142/2008 - Proposed Development of: (1) Sungei Pinang Park Connector Along Sungei Pinang Off Buangkok Drive; (2) Sungei Serangoon Park Connector Along Sungei Serangoon Off Sengkang East Drive And Tebing Walk; and (3) Ang Mo Kio Avenue 5 Park Connector From Ang Mo Kio Town Garden West To Existing Buangkok Park Connector Along Ang Mo Kio Avenue 5 ("the Contract") by its wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, has been accepted by the National Parks Board.
The amount of the Contract is SGD5,667,000 and the commencement date for the Contract is 25 June 2009. The Contract is expected to be completed by 24 March 2010.
The Contract is expected to contribute positively to, but has no material impact on, the earnings per share and net tangible assets per share of the Company 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.