ADVANCECON SECURES RM56.64 MILLION INFRASTRUCTURE WORKS CONTRACT FROM F&N AGRIVALLEY SDN BHD
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SELANGOR, 24 March 2025 – Advancecon Holdings Berhad (前进控股有限公司) (“ADVCON” or “the Group”) (5281), a leading specialist in earthworks and civil engineering services, announced today that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“Advancecon Infra”), has been awarded a Letter of Award (“LOA”) valued at RM56.64 million for the construction and completion of site clearing, earthworks, erosion and sediment control, water reservoir embankment, and other ancillary works at Ladang Londah, Mukim Gemas, Negeri Sembilan.
The contract was awarded by F&N Agrivalley Sdn Bhd (“F&N Agrivalley”), a direct wholly-owned subsidiary of Fraser & Neave Holdings Bhd, with a project completion timeline of 10 months from the date of site possession. With this contract, the Group’s outstanding order book has now increased to RM729.64 million, further strengthening its earnings visibility.