The Board of Directors of OKP Holdings Limited ("the Company") wishes to announce that one of its subsidiary companies, OKP (Oil & Gas) Infrastructure Pte Ltd, had been awarded contracts for the civil and piling works in respect of the SI Group Asia AP Project ("the Contracts") by Rotary Engineering Limited.
The aggregate amount of the Contracts is SGD5,117,721 and the Contracts are expected to be completed on 30 September 2008.
The Contracts are expected to contribute positively to, but have 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 Contracts. As far as the Directors are aware, none of the controlling shareholders of the Company has any interest, direct or indirect, in the Contracts.
The press release in respect of the award of the Contracts is attached.
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