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Advancecon Holdings Bhd
16, 18 & 20, Jalan Pekaka 8/3
Seksyen 8, Kota Damansara
Phone: +60 361579563p:+60 361579563 PETALING JAYA, 47810  Malaysia Ticker: ADVCONADVCON
Business Summary
Advancecon Holdings Berhad is a Malaysia-based construction company that is engaged in the business of providing management services. The Company operates through four segments: construction and support services, property investment, green energy, quarry operation, and centralized labor quarter. The Construction and Support Services segment is involved in earthworks and civil engineering services. The Property Investment segment is involved in the sales of investment properties for capital gain and rental of investment properties. The Green Energy segment is involved in the development and/or operation of power generation from renewable energy, solar and other renewable energy projects. The Quarry Operation segment is involved in quarry operation and sale of related products. The Centralized Labor Quarter segment is involved in workers' dormitory/accommodation service. Its subsidiaries include Advancecon Infra Sdn. Bhd. and Advancecon Solar Sdn. Bhd, and Advancecon Machinery Sdn. Bhd.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2022Yes----

Industries
SIC Code Description
1794 Excavation work
8711 Engineering services
1611 Highway and street construction, except elevated highways
5032 Brick, stone, and related construction materials
4952 Sewerage systems
7359 Equipment rental and leasing, not elsewhere classified
4911 Electric services
6719 Offices of holding companies, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Independent Chairman of the Board Chong KeatYeoh 65 8/1/2016 8/1/2016
Group Chief Executive Officer, Executive Director Ang KiaPhum 65 4/9/1997 4/9/1997
General Manager - Contracts, Executive Director Kai HungTung 60 8/1/2016 8/1/2016
7 additional Officers and Directors records available in full report.

Business Names
Business Name
Advancecon Infra Sdn. Bhd.
Advancecon Machinery Sdn. Bhd.
Advancecon Properties Sdn. Bhd.
Advancecon Solar Sdn. Bhd.
ADVCON

General Information
Number of Employees: 1,353 (As of 12/31/2022)
Outstanding Shares: 575,350,600 (As of 12/31/2023)
Shareholders: 3,029
Stock Exchange: KUL
Fax Number: +60 361570469


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Tuesday, April 23, 2024