About Advancecon
Advancecon is a company based in Petaling Jaya (Malaysia) founded in 1993 by Dato Phum Ang Kia and Lim Swee Chai. The company has 1,010 employees as of December 31, 2024. Advancecon has completed 1 acquisition, including Spring Energy. Advancecon operates in a competitive market with competitors including Balfour Beatty, Afcons, Legrand, Sdiptech and Mota-Engil, among others.
- Headquarter Petaling Jaya, Malaysia
- Employees 1010 as on 31 Dec, 2024
- Founders Dato Phum Ang Kia, Lim Swee Chai
- Stage Public
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Sectors
Real Estate & Construction
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Advancecon Holdings Bhd.
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Annual Revenue
$85.71 M (USD)-14.79as on Dec 31, 2024
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Net Profit
-$5.09 M (USD)33.7as on Dec 31, 2024
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EBITDA
$4.8 M (USD)192.11as on Dec 31, 2024
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Latest Funding Round
Not available
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Investors
Not available
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Employee Count
1010
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Advancecon
Advancecon is a publicly listed company on the MYX with ticker symbol ADVCON in Malaysia, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Advancecon
Detailed funding history for Advancecon
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Investments & Acquisitions by Advancecon
Advancecon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spring Energy.
Investment portfolio details for Advancecon
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Quarry operations, products, and related services are provided.
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Locked | Locked | 1997 | Locked |
Complete acquisition details for Advancecon
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Financial Statements - Advancecon
Detailed financials for Advancecon
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Advancecon Comparisons
Peer comparison for Advancecon
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Competitors of Advancecon
Advancecon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Balfour Beatty, Afcons, Legrand, Sdiptech and Mota-Engil, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Infrastructure financing, construction, and support services are provided globally.
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Developer of oil & gas, underground, and urban infrastructure
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Electrical and digital solutions for building infrastructures are provided.
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| Locked | Locked | Locked |
Sustainable infrastructure development services are provided globally.
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| Locked | Locked | Locked |
Infrastructure development services are provided in the real estate sector.
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| Locked | Locked | Locked |
Manufacturer & fabricator of products and services for the rail, construction, energy and utility markets
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Detailed competitors of Advancecon
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Latest news on Advancecon
Complete news archive for Advancecon
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Frequently Asked Questions about Advancecon
Advancecon was founded in 1993.
Advancecon is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Dato Phum Ang Kia is the current CEO of Advancecon. They have also founded this company.
As of Dec 31, 2024, the latest employee count at Advancecon is 1,010.
Annual revenue of Advancecon is $85.71M as on Dec 31, 2024.
Advancecon was established in 1993 in Petaling Jaya, Malaysia, focusing on the infrastructure and civil engineering sector. Services encompass construction projects, road development, and related engineering solutions, primarily within Malaysia. Operations are led by co-founders Dato Phum Ang Kia and Lim Swee Chai, both serving as CEOs. The company maintains a presence through its domain advancecon.com.my, supporting regional infrastructure needs.
Advancecon's top competitors include Legrand, Budimex and Hercules Site Services.
Yes, Advancecon is publicly traded on MYX under the ticker symbol ADVCON.
Advancecon has made 1 acquisition, including Spring Energy.
The ticker symbol of Advancecon is ADVCON on MYX.