PETALING JAYA: Advancecon Holdings Bhd
’s wholly owned subsidiary, Advancecon Infra Sdn Bhd, has been appointed as the contractor for site clearing, earthwork, erosion and sediment control, water reservoir embankment and other ancillary works for F&N Agrivalley Sdn Bhd at Gemas in Tampin, Negri Sembilan, for RM56.64mil.
In a bourse filing, the group said the letter of award was secured from G&P Professionals Sdn Bhd for a period of 10 months from the date of site possession.
“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.
