Kerjaya Prospek lifts ES Sunlogy stake to US$9.61M buy
What's the deal? Kerjaya Prospek GroupDealroom has a profile for this one. Try Dealroom → Bhd (KPGB) has become the largest shareholder in ACE Market-listed ES Sunlogy BhdDealroom has a profile for this one. Try Dealroom →, raising its stake to 28.27% after acquiring an additional 19.18% for US$9.61M.
KPGB's wholly owned subsidiary Acumen Marketing Sdn Bhd bought 147.7 million ES SunlogyDealroom has a profile for this one. Try Dealroom → shares from 18 shareholders through direct business transactions, at an average 27.2 sen per share.
The terms: The purchase was made at a 28.42% discount to ES Sunlogy's closing price on August 13. It was funded internally and is not expected to materially affect KPGB's earnings, net assets, or gearing for the financial year ending December 31, 2026.
The deal lifted Acumen's holding from 9.09%, which followed an US$4.49M subscription for 70 million new ES Sunlogy shares in July 2026. That brings KPGB's total investment in the company to about US$14.1M, per a filing with Bursa MalaysiaDealroom has a profile for this one. Try Dealroom →.
What's the endgame? KPGB said the move fits its investment strategy and strengthens its strategic position. It pointed to ES Sunlogy's engineering and renewable energy businesses as offering favourable long-term growth.
The group cited rising investments in renewable energy infrastructure, energy transition initiatives, and sustainable development as tailwinds. The transaction needs no shareholder or regulatory approval, and KPGB's board deems it in the group's best interests.
The signal: A construction-focused group deepening its bet on renewables signals where capital is flowing as energy transition gathers pace in Malaysia.
Read more: The Sun
Image credit: Daquella manera
