The Board of Directors of OKP Holdings Limited (the "Company") wishes to announce that the tender for improvement to Stamford Canal (from Napier Road to Marina Reservoir) (the "Contract") by the Company's wholly-owned subsidiary, Or Kim Peow Contractors (Pte) Ltd, had been accepted by PUB.
The amount of the Contract is S$6,727,000 and the commencement date for the Contract is 1 July 2013. The Contract is expected to be completed by 31 October 2014.
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 and its subsidiaries for the current financial year ending 31 December 2013.
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.