Advancecon unit takes on ECRL subgrade works for RM60.58mil

KUALA LUMPUR: Advancecon Holdings Bhd's subsidiary has been appointed the subcontractor for the proposed construction and completion of subgrade works for Package 3, Section 4 of the Rast Coast Rail Link project for RM60.58mil.

The contract was awarded to Advancecon Infra Sdn Bhd by China Communications Construction Sdn Bhd, and will commence from March 1, 2021, until April 15, 2023.

"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 in a filig with Bursa Malaysia.
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