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Advancecon bags another ECRL subcontract job for RM17m

2021-10-14T12:31:21+08:00October 14th, 2021|0 Comments
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KUALA LUMPUR (Oct 14): Advancecon Holdings Bhd said it has been appointed a subcontractor for the proposed construction and completion of ground treatment work of Section 4 of the East Coast Rail Link (ECRL) project for RM16.97 million.

In a bourse filing, Advancecon said its wholly-owned Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction (ECRL) Sdn Bhd for the appointment.

The contract period shall be from Oct 15, 2021 until March 25, 2022.

AISB is principally involved in earthworks and civil engineering services.

This is the third ECRL subcontract the company has won this year, and the sixth since September 2020.

Shares of Advancecon closed unchanged at 35 sen, giving it a market capitalisation of RM146 million.

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