KUALA LUMPUR (Nov 10): Advancecon Holdings Bhd (KL:ADVCON) has secured a RM41.52 million contract to undertake earthworks and main infrastructure works at Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor.
The contract was awarded by JLG Technopark Sdn Bhd, a unit of Johor Corporation, according to a bourse filing on Tuesday.
The latest award marks the earthworks and civil engineering company's third contract from JLG for works at IBTEC, a low-carbon innovation hub.
The first contract, valued at RM148.4 million and involving earthworks and main infrastructure works, was secured in March. The second, worth RM66.9 million to carry out earthworks and related tasks, was awarded in September.
Advancecon managing director Phum Boon Eng said securing the third contract for works at IBTEC reflected the company's continued involvement in the major industrial development, and the relevance of its technical capabilities and track record in delivering large-scale earthworks and infrastructure projects.
The company said it will continue to pursue quality infrastructure projects that leverage its core strengths in earthworks and civil engineering.
Shares of Advancecon ended unchanged at 18 sen on Tuesday, valuing the company at RM105 million.