News about Advancecon

Prior to the current earthworks contract for the Gamuda Gardens Park project, Advancecon had previously completed earthworks for the adjacent Gamuda Gardens township in Rawang in 2020.

The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.

Last month, Advancecon won a RM22.

Under the JV, Perak Corp will be entitled to a revenue share of 35% based on the net development value while Advancecon will be entitled to 65%.

Advancecon had in an earlier filing on May 29 notified that Yeo was not re-elected at the group’s 26th annual general meeting, though he continued to remain as the COO.

The job will start from April 29 and is expected to complete in September.

The 24-month job involves earthworks, major infrastructure and other related works, according to Advancecon's bourse filing on Thursday KUALA LUMPUR (April 11): Earthworks and civil engineering service provider Advancecon Holdings Bhd has bagged an RM86 million construction contract from Perbadanan Kemajuan Negeri Selangor (PKNS) for Phase 1 of its Sierra Alam development in Section U10, Shah Alam, Selangor.

The originating summons also named Advancecon group chief executive officer (CEO) Datuk Phum Ang Kia as a defendant, Advancecon said.

The overall subcontract period is 30 months, starting from Dec 13, 2022.

Measuring 317,300 sq m, the freehold vacant industrial land is located in Bandar Gurun in Kuala Muda.