KUALA LUMPUR (Nov 15): Advancecon Holdings Bhd shares rose 3.33% this morning after it bagged an RM43.37 million contract from Sime Darby Serenia Development Sdn Bhd to undertake earthworks and appurtenance works for Phase 2 of the Serenia City township development in Sepang, Selangor.
At 9.20am, Advancecon added 1 sen to 31 sen with 367,600 shares traded.
The contract, accepted by wholly-owned subsidiary Advancecon Infra Sdn Bhd, is for 15 months from Nov 27, 2018 till Feb 26, 2020, and is expected to contribute positively towards the group’s future earnings.