KUALA LUMPUR: Advancecon Holdings Bhd said its wholly-owned subsidiary Advancecon Infra Sdn Bhd has been appointed the contractor for the proposed construction of earthworks and main infrastructure works for package 1B, at Southern Ibrahim Technopolis (IBTEC), Kulai, Johor - Section 1B4 for RM41.52mil. 

It said in a stock exchange filing the contract, which was received from JLG Technopark Sdn Bhd, shall be completed by June 3, 2028.

"Barring any unforeseen circumstances, the Contract is expected to contribute positively towards the future earnings of Advancecon Group for the duration of the Contract and will not have any effect on the share capital and substantial shareholders' shareholdings of Advancecon Group," it said.

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