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, is pleased to announce that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“AISB”), has accepted a Letter of Acceptance (“LOA”) from Sime Darby Property (Lagong) Sdn. Bhd. for the proposed construction and completion of earthworks and ancillary works for Stage 1 (Package 2) at the Lagong Mas township in Daerah Gombak, Selangor.
The contract, valued at RM68.5 million, will commence on 4 June 2025 and is scheduled for completion by 3 December 2026.
This award follows closely on the heels of AISB’s recent project win in the data centre sector, marking yet another rapid mobilisation of execution capabilities. It underscores Advancecon’s reputation for operational discipline, reliability, and the trust earned through longstanding client relationships.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad commented,
“This contract award is not just another project, but an affirmation of our purpose.
From urban townships to digital infrastructure, we are proud to be laying the physical groundwork that connects communities and powers national progress. This win reflects our mission, to nurture industry leaders who build the foundations that connect people and transform nations. We move with momentum, but always with long-term value and purpose in sight.”
As Malaysia continues to experience rapid urbanisation and digital growth, the Lagong Mas development is a strategic catalyst for sustainable township expansion in Greater Klang Valley. Advancecon’s role in this project further cements its position as a key enabler of nation-building, delivering integrated infrastructure that meets both immediate and future demands.
As at 23 May 2025, this contract brings Advancecon’s total outstanding order book to approximately RM800.8 million, further strengthening the Group’s earnings visibility and reinforcing its trusted position in delivering large-scale, future-ready infrastructure across Malaysia.
For more information, please visit https://www.advancecon.com.my/.
