Acquiring Company
Kerjaya Prospek Group Bhd
Acquired Company
ES Sunlogy Bhd
Description
Kerjaya Prospek Group Bhd has become the largest shareholder of ES Sunlogy Bhd by acquiring a 28.27% stake for RM40.18 million. This acquisition aligns with Kerjaya's investment strategy and aims to strengthen its position in the renewable energy sector. The company's stake is just below the mandatory general offer threshold of 33%.
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M&A Insights
Based on deal dataFrequently asked
Who acquired ES Sunlogy Bhd?
ES Sunlogy Bhd was acquired by Kerjaya Prospek Group Bhd, based in Shah Alam. The deal was reported on August 14, 2026. Kerjaya Prospek Group Bhd is a construction company with a focus on high-rise building projects and innovative construction methods. Kerjaya Prospek Group Bhd is privately held and operates in Construction.
When did Kerjaya Prospek Group Bhd acquire ES Sunlogy Bhd?
Kerjaya Prospek Group Bhd's acquisition of ES Sunlogy Bhd was reported on August 14, 2026. Kerjaya Prospek Group Bhd has become the largest shareholder of ES Sunlogy Bhd by acquiring a 28.27% stake for RM40.18 million. This acquisition aligns with Kerjaya's investment strategy and aims to strengthen its position in the renewable energy sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ES Sunlogy Bhd do?
ES Sunlogy Bhd is involved in electrical contracting, general trading, property-related activities, and investment holdings. It operates through its wholly-owned subsidiary, Savelite Engineering Sdn Bhd. It is privately held, operating in Construction, and is based in Selangor.