$ADVCON (5281.MY)$ announced that its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, secured a RM38.3 million contract from Sime Darby Property, marking its eighth earthworks contract for the Bandar Bukit Raja township.
The contract, awarded by $SIMEPROP (5288.MY)$, will be for the construction and completion of earthworks and ancillary works for Phase 4B (i17) of Stage 3 of the Bandar Bukit Raja township in Klang, Selangor. The 18-month contract is set to commence upon site possession in August 2024.
Dato' Phum Ang Kia , Group Chief Executive Officer of Advancecon Holdings Berhad said: "Securing our latest contract with Sime Darby Property reinforces our position as the trusted earthworks solutions partner for their projects across Malaysia, demonstrating our expertise in executing large scale projects nationwide. We continue to leverage on our industry-leading expertise and knowledge to support key players in the construction and development sector, ensuring the timely delivery
of comprehensive earthworks and infrastructure solutions."
With the latest contract, Advancecon's total order book value now stands at RM317 million.
