Latest news with #AdvanceconHoldingsBhd
New Straits Times
23-05-2025
- Business
- 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
- Business
- 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.
New Straits Times
22-05-2025
- Business
- New Straits Times
Advancecon bags RM47.5mil data centre job in Port Dickson
KUALA LUMPUR: Advancecon Holdings Bhd, through its subsidiary Advancecon Infra Sdn Bhd (AISB), has secured a RM47.5 million contract from Mujur Minat Sdn Bhd (MMSB). In a filing with Bursa Malaysia, the group said the contract involves the construction and completion of key infrastructure works for the Gerbil Data Centre project in Port Dickson. "The sub-contract is scheduled for completion by Aug 30, 2025, from the date of acceptance," it stated. Advancecon noted that the contract is expected to contribute positively to the company's earnings throughout its duration. "This marks Advancecon's maiden entry into the data centre infrastructure segment, aligning with Malaysia's aspirations to become a regional digital hub amid growing demand for cloud computing and digital services," it said. Its group chief executive officer Datuk Phum Ang Kia said the contract not only broadens the company's project portfolio but also marks a strategic move into new sectors that support the nation's digitalisation and sustainability objectives. "Guided by our purpose of transforming nations by building strong foundations for a better future, our vision is to become a global leader in infrastructure, earthworks, and renewable energy. "This project serves as a credential that will strengthen our position when pursuing similar high-quality contracts moving forward. "We intend to be more aggressive in pursuing opportunities that align with our strategic priorities and build long-term value for our stakeholders," he said in a statement.
