The Board of Directors of OKP Holdings Limited (the "Company") wishes to announce that the tender for Contract RP268C for term contract ad hoc repairs and upgrading of roads, road related facilities and road structures in the Central Sector (the "Contract") by the Company's wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, had been accepted by the Land Transport Authority.
The amount of the Contract is S$18,227,000 and the term of the Contract is from 24 July 2013 to 23 July 2015.
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.