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News

Use Of Placement Proceeds

Further to the announcement made on 27 May 2008, BBR Holdings (S) Ltd (the "Company") wishes to announce that a sum of S$1.5 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$18,080,000.00 representing approximately 72.67 per cent of the net proceeds of the placement of S$24,880,280.09.