PETALING JAYA: Advancecon Holdings Bhd’s associate has bagged a RM32. 4mil contract to undertake earthworks, site clearing and other related services in Kuching, Sarawak. The earthworks and civil engineering specialist said the job awarded to Advancecon( Sarawak) Sdn Bhd, in which it has a 30% equity interest, by Yayasan Sarawak was expected to be completed within 12 months, with works commencing after the possession of site. Advancecon said it was determined to strengthen its footing in Sabah a

PETALING JAYA: Advancecon Holdings Bhd’s 51%-owned subsidiary, Spring Energy Sdn Bhd, has secured a quarry operation agreement with Omya Malaysia Sdn Bhd for an estimated value of RM33. 18mil to carry out the extraction and quarrying of calcium carbonate( marble) at a site in Kinta, Perak.In a filing with Bursa Malaysia yesterday, Advancecon said the estimated contract value is based on the contract duration, monthly agreed extract and supply quantity to Omya and the rate per tonne.“ After takin

KUALA LUMPUR: Advancecon Holdings Bhd's 30%-owned Advancecon Sarawak Sdn Bhd has accepted a contract from Yayasan Sarawak for a proposed development on Lot 501 Salak Land District in Kuching, Sarawak, for RM32. 38mil.... " 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

PETALING JAYA: Earthworks and civil engineering specialist Advancecon Holdings Bhd has secured a RM42. 5mil contract from Sime Darby Property( Bukit Raja) Sdn Bhd to undertake earthworks and other related jobs for Phase 2 of the Bandar Bukit Raja 2 development in Klang.In a statement yesterday, Advancecon said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, had accepted the letter of acceptance from Sime Darby Property( SDP) for the proposed construction and completion of the earthworks.

PETALING JAYA: 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 for the construction and completion of subgrade works, Section 8 from CH518+ 388.00 to CH519+ 000.00.In a filing with Bursa Malaysia, Advancecon noted the subcontract will be completed on Dec 31, 2024 from the date of acceptance.... It said the subcontract is expected to contribute positively towards its

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 subc

PETALING JAYA: Advancecon Holdings Bhd’s net profit for the third quarter ended Sept 30, 2021 fell 41% to RM1. 85mil while revenue slipped 4.4% to RM69. 65mil due to lower progress billings from its on-going construction projects and support services as some of the project sites were only allowed to fully operate from August 2021.In a filing with Bursa Malaysia, it said following the reopening of all its project sites and the stable supply chain, it expects gradual recovery in the construction a

PETALING JAYA: Advancecon Holdings Bhd’s 51% indirectly owned quarry operator, Spring Energy Sdn Bhd( SESB), has secured an agreement with an approximate value of RM18. 8mil to provide quarry operations and related services at a new site in Kinta, Perak. The earthworks and civil engineering company said in a statement that it had been awarded this contract by the quarry owner, Aalborg Resources Sdn Bhd.It will operate the mine for four years until December 2025.“ With this new quarry services ag

KUALA LUMPUR: Stocks to watch on Friday include Mah Sing Group Bhd, Hong Seng Consolidated Bhd, AWC Bhd, Rohas Tecnic Bhd and Advancecon Holdings Bhd, according to JF Apex Research. Mah Sing’s healthcare business unit Mah Sing Healthcare Sdn Bhd has obtained the Certificate of European Union Medical Device Regulation notification from its authorised representative Obelis European Authorized Representative Centre that its nitrile examination gloves have fulfilled the relevant requirements of Regu

KUALA LUMPUR: Earthworks and civil engineering services specialist, Advancecon Holdings Bhd is going full-speed ahead for ongoing projects, which began operating at 100 per cent workforce capacity as of October 2021.... In a statement today, Advancecon said its current order book of RM737.8 million comprises works for projects such as the East Coast Rail Link( ECRL), West Coast Expressway( WCE), as well as road and commercial projects in Sarawak.... " Our emerging footprint especially in perfo