Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), a leading provider of earthworks and civil engineering services in Malaysia, is pleased to announce the appointment of Madam Alicia Chin Mei Yoke (“Alicia”) as the Group’s new Chief Financial Officer (“CFO”), effective immediately.
Her appointment follows the resignation of the Group’s former CFO, Mr. Tan Chee Keong, who stepped down to pursue other professional interests.
The Board extends its sincere appreciation to Mr. Tan for his valuable contributions and service to the Group.
With over 25 years of financial leadership experience, primarily within the global oil and gas sector, Alicia brings a wealth of expertise in financial management, strategic planning, and transformation leadership.
Her career spans prominent roles across Asia Pacific with major multinationals including General Electric and Baker Hughes, where she most recently served as Assistant Controller & Transformation Leader within Baker Hughes’ Global Finance Organisation.
In that capacity, Alicia was responsible for financial operations across two global hubs, and transformation initiatives for a team of over 600 personnel.
Her strategic acumen has been instrumental in driving operational efficiencies, profitability enhancements, and organisational agility. Throughout her tenure with Baker Hughes and GE Oil & Gas, Alicia led complex financial planning and cash flow management for businesses exceeding USD1 billion in revenue, while building strong, high-performing finance teams across the region.
Her expertise will be invaluable in managing asset allocation and utilisation to support the Group’s long-term growth strategy.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad remarked, “We are delighted to welcome Alicia to Advancecon. Her proven track record in global financial leadership, coupled with her passion for building empowered teams, is a strong fit for our Group as we accelerate our growth plans.
Alicia’s experience in leading financial transformations and driving data-driven strategies will be invaluable as we continue to strengthen our operational resilience, unlock efficiencies, and create long-term value for our stakeholders.”
Madam. Alicia Chin Mei Yoke, the newly appointed Chief Financial Officer of Advancecon Holdings Berhad added, “I am truly honoured to join Advancecon at this exciting juncture. The Group has a clear vision and strong foundations across both infrastructure and renewable sectors.
I look forward to working closely with the leadership team to enhance financial discipline, strengthen governance, and support sustainable growth as we chart the next phase of transformation together.”
ABOUT ADVANCECON HOLDINGS BERHAD
Founded in 1990, Advancecon is primarily involved in the provision of earthworks and civil engineering services in Malaysia, as well as related support services such as the sale of construction materials, hiring of machinery, and ad-hoc general construction services.
The Group was listed on the Main Market of Bursa Malaysia on 10 July 2017.
Advancecon’s wide range of earthworks services encompass excavation and fill, rock-blasting, ground treatment works, erosion and sediment control plan, as well as compaction and surface finishing processes.
On the civil engineering services front, Advancecon specializes in road works, drainage works, bridge construction, water supply works, and sewerage works.
To date, Advancecon has undertaken earthworks and civil engineering works for notable projects nationwide, including various township developments such as Bandar Setia Alam, Setia EcoHill, Setia Eco Gardens, Eco Majestic and Tropicana Aman, as well as infrastructure projects in relation to the construction of highways and railway such as West Coast Expressway (WCE), South Klang Valley Expressway (SKVE), Trumpet Interchange and Ecohill Link connected to Lebuhraya Kajang Seremban (LEKAS) Highway and East Coast Rail Link (ECRL).
In 2019, Advancecon also established a renewable energy subsidiary, Advancecon Solar Sdn Bhd, which will undertake the development and/or operations of power generation from solar and other renewable energy projects.
It currently owns revenue-generating rooftop solar assets of more than 1.2MWp and also a 37.7MWp large-scale solar farm in Kuala Langat, Selangor which commenced operation on 8 November 2024.
In 2021, Advancecon further completed the acquisition of a 51% stake in Spring Energy Resources Berhad (“Spring Energy”), which is an integrated quarry operation management and service provider involved in contract quarry operations, provision, marketing and management of quarry products, related advisory services, as well as the undertaking of quarry-related earthworks and civil engineering works.
In 2024, Advancecon entered into a Joint Development Agreement with Perak Corporation Berhad to develop Silver Valley Technology Park (SVTP) on an 816-acre land in Kanthan, Perak, with an estimated Gross Development Value of RM1.0 billion, which is envisioned to be a state-of-the-art industrial park.
For more information, please visit https://www.advancecon.com.my/.
