PETALING JAYA: Advancecon Holdings Bhd
have accepted a letter of acceptance of tender from JLG Technopark Sdn Bhd for the appointment as a contractor for the proposed construction and completion of earthworks and main infrastructure works for package 1B, at Southern Ibrahim Technopolis, Kulai, Johor, for RM148.42mil.
In a filing with Bursa Malaysia, the construction company said the contract period for completion would be nineteen months from April 1, 2026.
“The group intends to fund the contract via internally generated funds and / or external borrowings.”
Advancecon said Southern Ibrahim Technopolis is an emerging industrial and technology hub within Johor, strategically positioned to support Malaysia’s expanding manufacturing and high-value industrial ecosystem.
“The development is expected to play a key role in strengthening Johor’s position as a regional investment destination, particularly amid rising cross-border economic activity and industrial expansion within the southern corridor.”
As at Dec 31, 2025, the group’s order book stood at approximately RM756mil.
“With the addition of this project, Advancecon’s outstanding order book is expected to approach the RM900mil mark, providing strong earnings visibility for the Group over the coming financial periods.”
Advancecon managing director Phum Boon Eng said: “Securing this IBTEC project represents another important milestone for Advancecon as we continue to rebuild momentum following our return to full-year profitability in FY2025, and strengthen our project pipeline.
“This contract not only reinforces our technical capabilities in large-scale earthworks and infrastructure works but also lifts our order book close to the RM1bil level, giving us greater visibility for sustainable earnings growth moving forward."
