KUALA LUMPUR, Advancecon Holdings Bhd has secured a RM36.1 million contract from Sime Darby Property (Serenia City) Sdn Bhd for earthworks and infrastructure works at Serenia City, Selangor.
In a statement, the group said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, will undertake the construction and completion of earthworks and related works for Phases SB2 and SB3 (Bayu Serenia) within the Serenia City Stage 3 township in Dengkil, Sepang.
Serenia City, developed by Sime Darby Property, is a major southern Klang Valley township dubbed the “Garden City of KLIA”, featuring residential, commercial, and industrial components with a focus on green design and connectivity.
Advancecon group chief executive officer Datuk Phum Ang Kia said the contract win reinforces the company’s standing as a trusted infrastructure partner for large-scale township developments.
At Wednesday’s close, Advancecon’s shares rose 0.5 sen or 2.5% to 20.5 sen, valuing the group at RM119.87 million. Year to date, the stock has fallen 21%.
