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KUALA LUMPUR (Nov 23): Earthworks and civil engineering services specialist Advancecon Holdings Bhd has secured a construction project worth RM23.47 million in Klang from Sime Darby Property (Bukit Raja) Sdn Bhd.
The group via its wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from Sime Darby Property for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for Development of Phase 1 (R10C, R10D and R10E), at Bandar Bukit Raja 2, Kapar district.
The contract period is from Dec 6, 2021 to Aug 5, 2023, according to Advancecon’s bourse filing on Monday (Nov 22).
Advancecon said the contract, which is expected to contribute positively towards the group’s future earnings, will be funded via internally generated funds or external borrowings.
Shares of Advancecon were unchanged at 34 sen on Monday, valuing the group at RM138.19 million, with some 81,000 shares changing hands.
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