The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that its wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, has been awarded the following contracts by the Public Utilities Board.
Contract 1 (CW-DD/3070072):
Improvement to Roadside Drains III EUP 4 Contract 1 - East Coast Keris and MacPherson Gardens Estates
Total Contract Sum: $13,327,000
Contract Period: 18 July 2007 to 17 July 2009
Contract 2 (CW-DD/3070086):
Improvement to Roadside Drains III EUP 4 Contract 2 - Hillview and Jalan Tari & Jalan Kayu Estates
Total Contract Sum: $9,257,000
Contract Period: 18 July 2007 to 17 March 2009
The total value for the 2 contracts is $22,584,000
The above contracts are expected to contribute positively to, but have no material impact on, the earnings per share and the 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 above contracts.
The press release in respect of the award of the above contracts is attached.
Attachments