KUALA LUMPUR (July 30): Advancecon Holdings Bhd (KL:ADVCON) has accepted the Letter of Acceptance (LOA) from Sime Darby Property (Bukit Raja) Sdn Bhd as the contractor for the construction and completion of earthworks and ancillary works for Phase 4B (i17), Bandar Bukit Raja Stage 3, in Klang for a total of RM38.25 million.
In a bourse filing on Tuesday, the construction group said its unit Advancecon Infra Sdn Bhd (AISB) had accepted the LOA for the contract that runs from Aug 14, 2024 until Feb 13, 2026.
AISB is principally involved in the business of providing earthworks and civil engineering services, and the sale of construction materials.
Advancecon said it intends to fund the contract via internally generated funds and/or external borrowings.
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Source: EdgeProp.my
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