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Advancecon bags RM14.6 mil ECRL contract

Job will be funded via internally generated funds or external borrowings, says group

Updated 5 years ago · Published on 02 Mar 2021 9:30PM

Advancecon bags RM14.6 mil ECRL contract
The agreement will run from March 20 to September 17, and is expected to contribute positively towards the future earnings of the group for the contract duration, says Advancecon Holdings Bhd. – AFP pic, March 2, 2021

KUALA LUMPUR – Advancecon Holdings Bhd has clinched a RM14.6 million job from the East Coast Rail Link (ECRL) project contractor, China Communications Construction (ECRL) Sdn Bhd.

In a filing to Bursa Malaysia today, it said its wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) had been appointed the subcontractor for the proposed construction of ground treatment works of Section 4 for the ECRL project.

Advancecon said the contract would run from March 20 to September 17. The contract is expected to contribute positively towards the future earnings of the group for the duration of the deal.

It added that the group planned to fund the contract via internally generated funds or external borrowings.

AISB is mainly involved in providing earthworks and civil engineering services. – Bernama, March 2, 2021

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