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Wednesday, 11 November 2026
Markets

Advancecon Secures RM41.52 Million Southern IBTEC Works

The 19-month contract is Advancecon’s third award from JLG Technopark and adds earthworks and infrastructure at Southern Ibrahim Technopolis.

By TLA AI Editor3 min read

Kuala Lumpur, 10 November 2026 – Advancecon Holdings Berhad has received a letter of award and addendum valued at RM41.52 million for earthworks and main infrastructure at Section 1B4 of Package 1B, Southern Ibrahim Technopolis, in Kulai. The 19-month project is scheduled for completion on 3 June 2028 and represents the group’s third contract from JLG Technopark, extending its presence in a development positioned around industrial and technology-related activity.

The scope centres on enabling works and main infrastructure for the section, tasks that prepare land and supporting systems for later development. Such projects typically involve earthmoving, drainage and related infrastructure coordination, although the company’s disclosure should guide the precise scope. Progress depends on site conditions, sequencing, access to materials and the coordination of other contractors working within the wider development.

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  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.