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 favourable Adjudication Decision dated 2 December 2025 in respect of the Notice of Adjudication issued under Sections 7 and 8 of the Construction Industry Payment and Adjudication Act 2012 (“CIPAA 2012”) against China Communications Construction (ECRL) Sdn. Bhd. (“CCC”).
According to the Adjudication Decision, the Adjudicator has ruled decisively in favour of AISB. CCC is required to pay RM3.33 million to AISB together with interest at 5% per annum from 4 September 2025 until full settlement.
In addition, CCC must pay RM100,000 in adjudication costs and fully bear all Adjudicator fees, Asian International Arbitration Centre (“AIAC”) fees, and reimburse AISB for all sums advanced during the adjudication process. The decision stands as binding unless set aside by the High Court pursuant to CIPAA 2012.
This outcome follows an earlier adjudication win announced on 7 October 2025, where AISB secured approximately RM7.04 million after the Adjudicator ruled in AISB’s favour in a separate ECRL-related payment dispute.
Together, both adjudication victories reflect consistent affirmation of AISB’s contractual rights and reinforce the Group’s commitment to ensuring that all completed works under major national infrastructure undertakings are properly recognised and compensated.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad commented,
“This second favourable adjudication within the year highlights the robustness of our contractual claims and the importance of maintaining strong governance in project execution.
While the financial impact on FY2025 is not material, both outcomes provide affirmation of our entitlement to timely payments for completed work. We remain focused on executing our ongoing projects with discipline and safeguarding the Group’s commercial rights.”
The Group will continue to monitor all post-adjudication developments and will make further announcements as necessary in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
