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.
The adjudication decision is binding unless and until it is set aside by the High Court under the provisions of CIPAA 2012. Advancecon views the outcome as a significant affirmation of its contractual rights and a testament to its commitment to ensuring that all completed works under major infrastructure projects are properly recognised and compensated.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad, said “We welcome this adjudication result as a clear validation of our position and as an important step in ensuring fair recognition of the works carried out.”.
While the payment recovery represents a meaningful outcome in the Group’s favour, Advancecon noted that the adjudication decision is not expected to have a material impact on its earnings for the financial year ending 31 December 2025. The Group will continue to monitor subsequent legal developments and remains focused on executing its ongoing projects while strengthening its order book and financial position.
