The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that the Company's wholly-owned subsidiary company, Eng Lam Contractors Co (Pte) Ltd had been awarded contract no: CPS/821/06 for (A) Car Park Improvement Works at Tampines Car Parks No. T37(Part), T41 and T42, and (B) Repair of Existing Service Roads, Car Parks and other Civil Engineering Works within HDB Estates Contract No. 5 (East Zone) ("the Contract") by the Housing & Development Board.
The amount of the Contract is SGD2,647,000.00 and the Contact period is from 17 January 2007 to 16 May 2008.
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 2007.
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.