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BreadTalk Group Limited wishes to provide an update to shareholders on the progress of the proposed construction of operations headquarters at Lot A0135906 at Paya Lebar iPark, Tai Seng Street. The Company has via its architect submitted an application for provisional permit approval with Urban Redevelopment Authority on 17 May 2011. Tender process for the construction of the Headquarter has been completed and the Company has awarded the construction project to Taikisha (Singapore) Pte Ltd with a contract sum of S$46.88 million. The ground breaking ceremony is expected to be carried out on 31 August 2011. The estimated timeline to construct the Headquarter is about one and half years and the temporary occupation permit is expected to be obtained by the end of 2012...
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