Summary
- Shareholders approve related-party transaction mandate.
- Kerjaya Prospek holds a 31% stake worth RM64.31 million.
- Company targets power infrastructure and renewable energy expansion.
KUALA LUMPUR, October 24 — ES Sunlogy Berhad has secured shareholder approval for a related-party transaction mandate, supporting closer business cooperation with Kerjaya Prospek Group Berhad.
Kerjaya Prospek acquired a 31% stake for approximately RM64.31 million earlier this year, strengthening a partnership established in 2018. ES Sunlogy recently secured electrical engineering contracts.
Worth RM15.63 million and RM107.5 million, while expanding into high-voltage power infrastructure following its licence upgrade to 275kV. The company also operates two solar farms.
With a combined capacity of 50.75 megawatts and plans to pursue solar projects incorporating battery storage under Malaysia’s upcoming Large Scale Solar 6 programme.
