Advancecon bags RM21.2mil subcontract from CCC-ECRL

KUALA LUMPUR: Advancecon Holdings Bhd’s 51% owned indirect subsidiary, Spring Energy Sdn Bhd (SESB) has secured a RM21.19mil subcontract from China Communications Construction (ECRL) Sdn Bhd (CCC-ERL).

In a filing with Bursa Malaysia, Advancecon said SESB accepted the subcontract from CCC-ECRL for the construction and completion of subgrade works, Section 8 from CH518+388.00 to CH519+000.00.

The subcontract will be completed on Dec 31, 2024 from the date of acceptance.

Advancecon said the subcontract is expected to contribute positively towards its future earnings for the duration of the subcontract.