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, today announced that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“AISB”), has received a Letter of Award from Damai Jaya Realty Sdn. Bhd. for the execution of earthworks, soil treatment, and ancillary site works for a proposed industrial development in Mukim Ijok, Daerah Kuala Selangor, Selangor.
The contract carries a value of RM19.33 million. The works are inclusive of earthworks, soil treatment, and related site preparation activities, supporting the development of a new industrial project within the growing Kuala Selangor corridor.
With its proximity to major highways and ports, Ijok has emerged as an attractive location for industrial expansion, benefiting from strong connectivity to the Klang Valley and surrounding economic zones. The award further strengthens Advancecon’s presence in Selangor, where the Group continues to secure projects aligned with urban expansion and township development.
This latest contract win highlights Advancecon’s capabilities in delivering comprehensive earthworks and site preparation solutions, while reinforcing the Group’s reputation as a reliable infrastructure partner to property developers across Malaysia. The award is also expected to contribute positively to the Group’s order book and earnings visibility over the contract duration.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad, commented, “This award from Damai Jaya Realty reflects continued confidence in Advancecon’s technical expertise and execution capabilities in earthworks and soil treatment works. Selangor remains an important growth market for the Group, and we are encouraged by the steady flow of industrial-related opportunities. We remain focused on disciplined execution, cost control, and maintaining high safety and quality standards as we grow our order book.”
Advancecon continues to pursue selective and well-aligned projects that leverage its core strengths, while maintaining a prudent approach to risk management and capital deployment.
