CORP BRIEF: Advancecon, Damansara Holdings, Kerjaya Prospek and AirAsia

By TMR / pic by TMR FILE 

Advancecon Holdings secures ECRL contract 

ADVANCECON Holdings Bhd’s wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) secured a contract from China Communications Construction (ECRL) Sdn Bhd for the appointment of AISB as the subcontractor for construction and completion of ground treatment works of Section 4, for the East Coast Rail Link Project. The total value of the subcontract is RM16.9 million. The contract period will be from today until March 25, 2022. 

Damansara Holdings to dispose of its land in Johor 

DAMANSARA Holdings Bhd’s via its wholly-owned subsidiary, DAC Land Sdn Bhd, has entered into a conditional sale and purchase agreement with Harmony Gallery Sdn Bhd, a subsidiary of Gromutual Bhd, for the disposal of freehold land for a total cash consideration of RM3 million. In a filing to Bursa Malaysia yesterday, the company said the disposal will involve a 0.26ha land at Taman Damansara Aliff, Johor, measuring approximately 2,591 sq m. It said the agreed disposal consideration was based on the valuation report, after taking into consideration the condition of the land, size, accessibility and the strategic location of the land. 

Kerjaya Prospek wins Johor’s construction project 

KERJAYA Prospek Group Bhd via its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a contract worth RM258 million from Teguh Harian Build-Tech Sdn Bhd for the construction of main building works for a proposed residential development in Johor. In a statement yesterday, the group said the project covers the construction of main building works for three blocks of apartment with common area, mechanical and electrical facilities, and a 12-storey podium car park. This is Kerjaya’s sixth contract win for this year bringing its year-to-date contract wins to RM907.6 million. 

AirAsia Investment changes name 

AIRASIA Investment Ltd has been renamed to AirAsia Aviation Ltd as the group expands its portfolio. AirAsia Aviation will oversee four airlines in the group namely AirAsia Malaysia, AirAsia Philippines, AirAsia Thailand and AirAsia Indonesia. In a statement yesterday, the group said the structural change helps to facilitate strong projected growth in both airline and non-airline portfolio businesses. AirAsia Group Bhd is the investment holding company for the eight digital portfolio companies that leverage on data and technology for optimum operation.