Advancecon to raise RM57mil from Main Market listing

KUALA LUMPUR: Advancecon Holdings Bhd will raise some RM56.7mil from its listing on the Main Market of Bursa Malaysia on July 10.

The earthworks and civil engineering services company, which had recently undertaken such works for two major projects - the West Coast Expressway (WCE) and the Pan Borneo Highway - needs to raise funds to purchase new construction equipment and machinery such as excavators, motor graders and tipper trucks.