PETALING JAYA: Advancecon Holdings Bhd
have accepted a letter of award from JLG Technopark Sdn Bhd for its appointment as contractor for the proposed construction and completion of earthworks and main infrastructure works for package 1B at Southern Ibrahim Technopolis in Kulai, Johor, valued at RM148.42mil.
In a filing with Bursa Malaysia, the construction company said the contract period for completion would be 19 months from April 1, 2026.
“The group intends to fund the contract via internally generated funds and / or external borrowings.”
“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.”
