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- Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, received the adjudication decision on Tuesday (Dec 2), with the adjudicator ordering CCC to pay RM3.33 million together with interest at 5% per annum from Sept 4, 2025 until full settlement.
KUALA LUMPUR (Dec 3): Advancecon Holdings Bhd (KL:ADVCON) has secured a second favourable adjudication decision in its payment dispute with China Communications Construction (ECRL) Sdn Bhd (CCC) over works carried out for the East Coast Rail Link (ECRL) project.
In a filing with Bursa Malaysia, Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, received the adjudication decision on Tuesday (Dec 2), with the adjudicator ordering CCC to pay RM3.33 million together with interest at 5% per annum from Sept 4, 2025 until full settlement.
CCC is also required to pay RM100,000 in adjudication costs and bear all adjudicator fees and Asian International Arbitration Centre (AIAC) charges, including reimbursing Advancecon Infra for all sums advanced during the proceedings.
The adjudication, issued under Sections 7 and 8 of the Construction Industry Payment and Adjudication Act 2012 (CIPAA), is binding unless set aside by the High Court, Advancecon added.
Advancecon group chief executive officer Datuk Phum Ang Kia said the ruling underscores the company's adherence to disciplined project governance.
“While the financial impact on FY2025 is not material, both outcomes provide affirmation of our entitlement to timely payments for completed work,” he said in a statement on Wednesday.
The latest outcome follows an earlier favourable adjudication decision against CCC announced in October, when Advancecon Infra was awarded RM7 million out of a RM10.17 million claim in another ECRL-related payment dispute.
Advancecon submitted payment claims in March 2025 for subgrade, drainage and culvert works along two stretches of the ECRL, for which Advancecon Infra was appointed as the subcontractor in 2020.
CCC allegedly failed to make any payment on the claims, prompting Advancecon to initiate adjudication proceedings in June.
Advancecon previously said it was seeking a total of RM15.22 million in outstanding payments from CCC.
Shares of the earthworks and civil engineering services provider closed unchanged at 20 sen on Wednesday, giving the group a market capitalisation of RM116.95 million. The stock has declined more than 23% year to date.
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