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 Award (“LOA”) from Mujur Minat Sdn. Bhd. (“MMSB”) for the construction and completion of key infrastructure works for the Gerbil Data Centre development at Bandar Springhill, Port Dickson, Negeri Sembilan.
Valued at RM47.5 million, the subcontract was awarded in relation to the proposed development commissioned by Gamuda Berhad.
The scope of work entrusted to AISB includes critical components of the data centre’s infrastructure construction, which is expected to be completed by 30 August 2025.
This milestone marks Advancecon’s maiden entry into the data centre infrastructure segment, aligning with Malaysia’s aspirations to become a regional digital hub amid growing demand for cloud computing and digital services.
Dato’ Phum Ang Kia, Group Chief Executive Officer of Advancecon Holdings Berhad commented,
“We are honoured to play a role in supporting the development of mission-critical infrastructure like the Gerbil Data Centre. This contract not only diversifies our project portfolio but also represents a strategic step forward as we expand into new sectors aligned with national digitalisation and sustainability goals.
Guided by our purpose of transforming nations by building strong foundations for a better future, our vision is to become a global leader in infrastructure, earthworks, and renewable energy. This project serves as a credential that will strengthen our position when pursuing similar high-quality contracts moving forward. We intend to be more aggressive in pursuing opportunities that align with our strategic priorities and build long-term value for our stakeholders.”
AISB, which specialises in earthworks and civil engineering services, will execute the project using a combination of internally generated funds and/or external borrowings.
The subcontract is expected to contribute positively to the Group’s earnings over the duration of the contract period, with no material impact on share capital or substantial shareholders’ holdings.
For more information, please visit https://www.advancecon.com.my/.
