Advancecon wins RM7mil payment award in ECRL adjudication decision


KUALA LUMPUR: Advancecon Holdings Bhd’s wholly owned unit, Advancecon Infra Sdn Bhd (AISB), has won an adjudication ruling against China Communications Construction (ECRL) Sdn Bhd (CCC) over a payment dispute under the Construction Industry Payment and Adjudication Act 2012 (CIPAA 2012).

In a statement, the earthworks and civil engineering services provider said that following adjudication proceedings administered by the Asian International Arbitration Centre (AIAC), the adjudicator, in a decision dated Oct 6, 2025, ruled in favour of AISB and ordered CCC to pay approximately RM7mil within 28 days from the date of the decision.

In addition to the adjudicated sum, CCC was directed to bear all adjudication-related and legal costs, including administrative fees, registration charges, and other procedural expenses, together with interest until full and final settlement.

The adjudication decision is binding unless and until it is set aside by the High Court under the provisions of CIPAA 2012.

Advancecon views the outcome as a strong affirmation of its contractual rights and a testament to its commitment to ensuring that all completed works under major infrastructure projects are duly recognised and fairly compensated.

“While the payment recovery represents a meaningful outcome in the Group’s favour, Advancecon noted that the adjudication decision is not expected to have a material impact on its earnings for the financial year ending Dec 31, 2025.

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

Next In Business News

Bursa Malaysia-Teraju team up to boost Bumiputera IPO participation
Dayang records higher 4Q net profit
Dialog continues positive turnaround
Heineken Malaysia delivers steady FY25 earnings
Toll highway segment drives Taliworks’ 4Q revenue
CPO futures likely to trade between RM3,800-RM4,000 per tonne until July 2026
Carlsberg Malaysia posts record net profit of RM376mil in FY25
Perdana Petroleum posts lower net profit of RM56.09mil in FY25
Pos Malaysia welcomes MyCC review, flags competition concerns
INSKEN leverages AI to empower entrepreneurs in high-value sectors

Others Also Read