KUALA LUMPUR (July 15): Advancecon Holdings Bhd (KL:ADVCON) is working with the Perak government for the development, construction, operation, management, and maintenance of centralised labour quarters (CLQs) in the state, with the aim of addressing the increasing demand from industrial manufacturers for workers' accommodation.
In a filing with Bursa Malaysia on Monday, Advancecon said its wholly owned subsidiary Advancecon Ventures Sdn Bhd had entered into a joint-venture (JV) cum shareholders’ agreement with a unit of the Perak State Development Corporation (PKNPk), Perak Equity Sdn Bhd, to regulate the rights and obligations between the parties in the JV.