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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Advancecon , subcontract


Next In Business News

Bursa snaps four-day losing streak to end higher
Keyfield FY23 earnings rise to RM105.5mil
Reservoir Link sub-unit bags RM22mil job
IGB-REIT net profit up 11.1% to RM99.61mil in 1Q
Maxis enhances network with RM813mil investment
M’sia on right track in sustainable financing
Lower loan growth likely for Maybank in FY24
Higher OOH beverage consumption a boon for F&N
Capacity expansion, diversification to boost UMediC
Oil price impact on subsidy rationalisation

Others Also Read