KUALA LUMPUR: Advancecon Holdings Bhd’s wholly-owned subsidiary, Advancecon Infra Sdn Bhd (AISB) has secured a subcontract worth RM17.15mil from KEB Builders Sdn Bhd.
In a filing with Bursa Malaysia, the construction company said AISB accepted the letter of acceptance (LOA) for the appointment of as the subcontractor for the preliminaries, site clearance and earthworks, geotechnical works, erosion sediment and control plan of Section 7 Part 2 of 2 (CH.54900.00 to CH.57800.00).
The overall subcontract period is eight months from the date of letter of acceptance.
Advancecon said the subcontract is expected to contribute positively towards the future earnings of the group for the duration of the subcontract.