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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
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Investors
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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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Advancecon
Advancecon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spring Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Quarry operations, products, and related services are provided.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Advancecon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Advancecon Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Infrastructure financing, construction, and support services are provided globally.
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| domain | founded_year | HQ Location |
Developer of oil & gas, underground, and urban infrastructure
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| domain | founded_year | HQ Location |
Electrical and digital solutions for building infrastructures are provided.
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| domain | founded_year | HQ Location |
Sustainable infrastructure development services are provided globally.
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| domain | founded_year | HQ Location |
Infrastructure development services are provided in the real estate sector.
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| domain | founded_year | HQ Location |
Manufacturer & fabricator of products and services for the rail, construction, energy and utility markets
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Advancecon
Frequently Asked Questions about Advancecon
When was Advancecon founded?
Advancecon was founded in 1993.
Where is Advancecon located?
Advancecon is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Who is the current CEO of Advancecon?
Dato Phum Ang Kia is the current CEO of Advancecon. They have also founded this company.
How many employees does Advancecon have?
As of Dec 31, 2024, the latest employee count at Advancecon is 1,010.
What is the annual revenue of Advancecon?
Annual revenue of Advancecon is $85.71M as on Dec 31, 2024.
What does Advancecon do?
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.
Who are the top competitors of Advancecon?
Advancecon's top competitors include Legrand, Budimex and Hercules Site Services.
Is Advancecon publicly traded?
Yes, Advancecon is publicly traded on MYX under the ticker symbol ADVCON.
How many acquisitions has Advancecon made?
Advancecon has made 1 acquisition, including Spring Energy.
What is Advancecon's ticker symbol?
The ticker symbol of Advancecon is ADVCON on MYX.