Advancecon bags RM29.8m ECRL earthworks subcontract

Advancecon bags RM29.8m ECRL earthworks subcontract
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KUALA LUMPUR (Sept 17): Advancecon Holdings Bhd’s wholly-owned unit has been appointed to undertake the construction and completion of subgrade and related works for the East Coast Rail Link project for RM29.79 million.

Advancecon said Advancecon Infra Sdn Bhd, which is primarily involved in the provision of earthworks and civil engineering services, had today accepted the letter of acceptance for the sub-contract from the project’s main contractor, China Communications Construction (ECRL) Sdn Bhd.

Advancecon expects the contract to contribute positively towards its future earnings throughout its tenure.

Advancecon shares settled 1 sen or 1.28% lower at 39 sen today, giving it a market capitalisation of RM152.34 million.

Tan Choe Choe