ES Sunlogy Berhad (“ES Sunlogy” or the “Company”), an established provider of mechanical and electrical (“M&E”) engineering services as well as generation and sale of renewable energy, is pleased to announce that Kerjaya Prospek Group Berhad (“Kerjaya Prospek”), through its wholly-owned subsidiary Acumen Marketing Sdn. Bhd. (“Acumen”), has further increased its equity interest in ES Sunlogy to 31.00%, reinforcing its position as a strategic shareholder of the Company.
Acumen acquired an additional 21.0 million ordinary shares, representing approximately 2.73% of ES Sunlogy’s total issued share capital, through Direct Business Transactions at an average purchase price of RM0.2554 per share, for a total cash consideration of RM5.36 million. Following the acquisition, Acumen’s equity interest in ES Sunlogy increased from 28.27% to 31.00%.
The latest acquisition follows Acumen’s earlier investments in ES Sunlogy. On 16 July 2026, Acumen subscribed for 70.0 million new ordinary shares at RM0.2680 per share through ES Sunlogy’s private placement exercise, representing an investment of RM18.76 million and approximately 9.09% of the Company’s enlarged issued share capital. Subsequently, Acumen acquired an additional 147.7 million shares, representing approximately 19.18% equity interest, from existing shareholders at an average purchase price of RM0.272 per share, for a total cash consideration of approximately RM40.18 million.
Collectively, Kerjaya Prospek’s progressive increase in its shareholding reflects its continued confidence in ES Sunlogy’s business fundamentals and long-term prospects across the M&E engineering and renewable energy sectors. As an established Main Market-listed construction group, Kerjaya Prospek brings an extensive track record across high-rise residential, commercial and mixed-use developments, complementing ES Sunlogy’s capabilities in integrated M&E engineering and renewable energy solutions.
Managing Director of ES Sunlogy, Mr. Khor Chuan Meng, commented, “We are pleased to see Kerjaya Prospek further increase its strategic shareholding in ES Sunlogy. We believe this reflects continued confidence in our business fundamentals, execution capabilities and long-term growth prospects. Having an established construction group such as Kerjaya Prospek as a strategic shareholder further strengthens our corporate profile as we continue to grow our M&E engineering and renewable energy businesses.”
He added, “We remain focused on executing our existing projects, pursuing higher-value engineering opportunities and expanding our recurring income base through renewable energy. At the same time, our expansion into high-voltage transmission infrastructure and Singapore provides additional avenues for growth. We look forward to building on these opportunities while maintaining disciplined execution and creating sustainable value for our shareholders.”
Moving forward, ES Sunlogy remains committed to executing its growth strategy through disciplined project execution, strategic partnerships and continued expansion across its M&E engineering and renewable energy businesses. The increased shareholding by Kerjaya Prospek further reinforces the strategic relationship between the two groups and provides ES Sunlogy with a stronger platform as it pursues its next phase of sustainable growth.
