News

Use Of Placement Proceeds And Additional Investment

Use of Placement Proceeds

Further to the announcement made on 20 May 2010, the Board of Directors of BBR Holdings (S) Ltd (the "Company") wishes to announce that a sum of SGD1,400,280 has been disbursed from the proceeds of the placement as working capital for BBR Piling Pte. Ltd., a wholly owned subsidiary of the Company.

As of the date of this announcement, the Company has fully utilized the proceeds of SGD24,880,280.09 raised from the placement of shares in the capital of the Company in year 2007.


Additional Investment in BBR Piling Pte. Ltd.

The Company has today increased its investment from SGD1,500,000.00 to SGD3,500,000.00 in BBR Piling Pte. Ltd., by subscribing additional 2,000,000 ordinary shares in this wholly owned subsidiary company.