News

Use Of Placement Proceeds

Further to the announcement made on 7 January 2009, BBR Holdings (S) Ltd (the "Company") wishes to announce that a sum of S$4 million has been disbursed from the proceeds of the placement as working capital for SP Holland Hill Private Limited, a wholly-owned subsidiary of Singapore Piling & Civil Engineering Private Limited.

As of the date of this announcement, the Company has utilized in aggregate, approximately S$22,080,000.00 representing approximately 88 per cent of the net proceeds of S$24,880,280.09 raised from the placement of shares in the capital of the Company in year 2007.