The Board of Directors of OKP Holdings Limited (the "Company") wishes to announce that its subsidiary, OKP (Oil & Gas) Infrastructure Pte Ltd had been awarded the civil engineering works for the Natural Fuel Biodiesel project (the "Contract") by Rotary Engineering Limited.
The amount of the tender is SGD3,023,791 and the commencement date for the Contract is 18 May 2007. The Contract is expected to be completed on 30 November 2007.
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 subsidiaries 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.
The press release regarding the award of the Contract is attached.
BY ORDER OF THE BOARD
Or Toh Wat
Group Managing Director
Attachments