ADVANCECON WINS RM7.04 MILLION PAYMENT AWARD IN ECRL ADJUDICATION DECISION
Favourable ruling reinforces Group’s contractual rights and strengthens cash recovery position
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KUALA LUMPUR, 07 OCTOBER 2025 – Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, has announced that its wholly-owned subsidiary, Advancecon Infra Sdn Bhd (“AISB”), has secured a favourable adjudication decision against China Communications Construction (ECRL) Sdn Bhd (“CCC”) in relation to a payment dispute under the Construction Industry Payment and Adjudication Act 2012 (“CIPAA 2012”).
Following adjudication proceedings administered by the Asian International Arbitration Centre (“AIAC”), the Adjudicator, in a decision dated 6 October 2025, ruled in favour of AISB and directed CCC to pay a sum of approximately RM7 million within 28 days from the date of the decision.
In addition to the adjudicated sum, CCC has been directed to bear all adjudication-related and legal costs, including administrative fees, registration charges, and other procedural expenses, inclusive of interest until full and final settlement.