Advancecon Holdings Secures RM121.7 Million Data‑Centre Earthworks Contract in Port Dickson

Advancecon Holdings Bhd (Bursa Malaysia: ADVCON) announced on 10 July 2026 that its wholly‑owned subsidiary, Advancecon Infra Sdn Bhd (AISB), has secured a subcontract worth RM121.66 million for the construction of an off‑river storage (ORS) facility that will support the water supply scheme for a data centre in Port Dickson, Negeri Sembilan.

Project Scope and Timeline

The ORS is part of a larger water supply development designed to provide a 65 million‑litre‑per‑day capacity to the data‑centre complex at Linggi, Port Dickson. AISB will be responsible for the earthworks and associated civil engineering works required to construct the ORS. The subcontract, issued by the main contractor, obliges AISB to commence physical works and mobilisation upon receipt of a written instruction, with the expectation that all earthworks will be completed within 30 months.

Financial Impact

Advancecon stated that, barring unforeseen circumstances, the subcontract is likely to contribute positively to the group’s earnings throughout the contract period. The project will not alter the group’s share capital or the holdings of its substantial shareholders. Funding for the contract will be sourced from internally generated funds and/or external borrowings.

Broader Context

While Advancecon is best known for its manufacturing and distribution of plastic packaging materials—including bottles, cans and other containers for the food and beverage industry—this development underscores the company’s broader capabilities in civil engineering and infrastructure. The subsidiary, AISB, has a track record that includes major projects such as the PKNS Cyber Valley development, the raw‑water pipeline for the Rasau water treatment plant, and finishing works for the MRT Line 2 project in Cyberjaya.

The new contract adds a significant civil‑engineering dimension to Advancecon’s portfolio, potentially diversifying revenue streams and enhancing its presence in Malaysia’s growing infrastructure sector.

All figures are reported in Malaysian ringgit (MYR). The company’s latest close price (2026‑07‑08) was MYR 0.175, with a 52‑week range of MYR 0.175 to MYR 0.25. Its market cap stands at MYR 100,960,000 and its P/E ratio is 13.74.