General Announcement::AWARD OF CONTRACTS
Issuer & Securities
OKP HOLDINGS LIMITED
OKP HOLDINGS LIMITED - SG1M55904841 - 5CF
Date &Time of Broadcast
Announcement Sub Title
AWARD OF CONTRACTS
Submitted By (Co./ Ind. Name)
Or Toh Wat
Group Managing Director
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of OKP Holdings Limited (the "Company") wishes to announce that the tenders for Contract TR221 for road resurfacing works along PIE, AYE and other expressways and Contract TR222 for planned road resurfacing works along ECP, SLE, BKE, CTE and KPE by the Company's wholly-owned subsidiary, Eng Lam Contractors Co (Pte) Ltd, had been accepted by the Land Transport Authority.
The contract sums for Contract TR221 and Contract TR222 (collectively, the "Contracts") are S$27,853,500 and S$26,813,500, respectively. The commencement date of the Contracts is 6 June 2016 and the completion date is 5 June 2018.
The Contracts are expected to contribute positively to, but has no material impact on, the earnings per share and net tangible assets per share of the Company and its subsidiaries for the current financial year ending 31 December 2016.
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.
Total size =82K