Advancecon clinches RM35.6 mil earthworks job from Sime Darby Property

• Last month, Advancecon won a RM22.8 million earthworks job from Sime Darby Property (Pagoh) Sdn Bhd for its industrial park project at Bandar Universiti Pagoh, Johor.

KUALA LUMPUR (Dec 4): Advancecon Holdings Bhd has secured another earthworks contract from Sime Darby Property Bhd for the Bandar Bukit Raja project in Klang. The latest contract is valued at RM35.58 million.

“This latest contract from Sime Darby Property signifies our continuing relationship as a key provider of earthworks expertise to the reputable developer’s projects across Malaysia,” said Advancecon chief executive officer Datuk Phum Ang Kia.

“It represents our seventh contract for the different phases of Sime Darby Property’s Bandar Bukit Raja development in Selangor, and closely follows our recent earthworks contract for  their industrial park development in Johor,” Phum said in a filing with Bursa Malaysia.

Last month, Advancecon won  a RM22.8 million earthworks job from Sime Darby Property (Pagoh) Sdn Bhd for its industrial park project at Bandar Universiti Pagoh, Johor.

Shares in Advancecon closed two sen or 8.33% lower at 28 sen on Tuesday, giving the group a market capitalisation of RM158.12 million. Since the beginning of the year, the stock has risen 10%.

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