Advancecon unit gets RM21m subcontract from China Communications Construction

CHINA Communications Construction (ECRL) Sdn Bhd, the engineering, procurement and construction (EPCC) contractor for the East Coast Rail Link project, has appointed Advancecon Holdings Bhd unit as a subcontractor with a job worth RM21.19 million.

In an exchange filing today, Advancecon said its 51% owned indirect subsidiary Spring Energy Sdn Bhd (SESB) was appointed as a  subcontractor for the construction and completion of subgrade works of Section 8.

The subcontract will be completed on Dec 31, 2024 from the date of acceptance, it said.

SESB is principally involved in the business of quarry operator and contractor in civil engineering work.

The shares of construction company Advancecon today closed 5 sen up at 29 sen, valuing the company at RM170 million. – TMR