The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary company, Or Kim Peow Contractors (Private) Limited had been awarded a contract (Contract no: 1-FD-0205/SC-03) for site clearance works - New Polymer Storage for Exxonmobil Chemical Asia Pacific, Singapore Parallel Train Project, Jurong Island, Singapore ("the Contract") by Foster Wheeler Asia Pacific Pte. Ltd. and WorleyParsons Pte. Ltd..
The amount of the tender is SGD691,000 and the commencement date for the Contract is 1 June 2006.
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 subsidiary companies for the current financial year ending 31 December 2006.
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.