Advancecon unit accepts RM68.51mil construction job in Gombak
It said in a filing with Bursa Malaysia the contract, awarded by Sime Darby Property (Lagong) Sdn Bhd, shall run from June 4, 2025, to Dec 3, 2026.
"Barring any unforeseen circumstances, the contract is expected to contribute positively towards the future earnings of Advancecon Group for the duration of the Contract and will not have any effect on the share capital and substantial shareholders' shareholdings of Advancecon Group," it said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BusinessToday
06-08-2025
- BusinessToday
Advancecon Unit Files RM10.17 Million Adjudication Claim Against CCC ECRL
Advancecon Holdings Berhad has announced a new development in its ongoing material litigation, with its wholly-owned subsidiary, Advancecon Infra Sdn Bhd , filing an adjudication claim of RM10.17 million against China Communications Construction (ECRL) Sdn Bhd. The Adjudication Claim was formally issued and served to CCC on August 5, 2025, under the Construction Industry Payment and Adjudication Act 2012 According to the company, a decision from the adjudicator is expected within the statutory timeframe of 45 working days from the close of pleadings. Advancecon has stated that it will provide further updates on any significant developments regarding the proceedings as they occur.
New Straits Times
23-05-2025
- New Straits Times
Advancecon wins RM68.5mil contract from Sime Darby Property
KUALA LUMPUR: Advancecon Holdings Bhd's subsidiary Advancecon Infra Sdn Bhd has bagged a RM68.5 million contract from Sime Darby Property (Lagong) Sdn Bhd. In a filing with Bursa Malaysia, the company said it will undertake earthworks and ancillary works for Stage 1 of the Lagong Mas development in Gombak, Selangor. The project, designated as Package 2, will run from June 4, 2025 to Dec 3, 2026. The award comes just a day after Advancecon clinched a subcontract to build the Gerbil data centre for Gamuda Bhd. "Barring any unforeseen circumstances, the contract is expected to contribute positively towards the group's future earnings for the duration of the contract," it said.
The Star
23-05-2025
- The Star
Advancecon unit accepts RM68.51mil construction job in Gombak
KUALA LUMPUR: Advancecon Holdings Bhd via its wholly-owned subsidiary Advancecon Infra Sdn Bhd has been appointed the contractor for the construction of earthworks and ancillary works for stage 1 (package 2) at Lagong Mas in Gombak, Selangor, for RM68.51mil. It said in a filing with Bursa Malaysia the contract, awarded by Sime Darby Property (Lagong) Sdn Bhd, shall run from June 4, 2025, to Dec 3, 2026. "Barring any unforeseen circumstances, the contract is expected to contribute positively towards the future earnings of Advancecon Group for the duration of the Contract and will not have any effect on the share capital and substantial shareholders' shareholdings of Advancecon Group," it said.
