ES Sunlogy Berhad (“ES Sunlogy” or the “Company”), an established provider of mechanical and electrical (“M&E”) engineering services and renewable energy solutions, officially made its debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) today.
The Company opened at RM0.305 per share, reflecting a 1.67% premium over its Initial Public Offering (“IPO”) price of RM0.30 per share.
ES Sunlogy is listed under the stock name “SUNLOGY” and stock code “0345”.
Since securing its first electrical engineering project in 2010, ES Sunlogy has expanded its expertise to become a key player in mechanical and electrical (“M&E”) engineering, delivering solutions for medium voltage (“MV”), high-voltage (“HV”), low voltage (“LV”), and extra low voltage (“ELV”) systems, as well as large-scale renewable energy projects.
The Company has built an impressive track record, including a key RM90.2 million semiconductor manufacturing facility in Kulim, Kedah, and the development of large-scale solar photovoltaic (“LSSPV”) plants such as the Selarong LSSPV projects.
Through its IPO, ES Sunlogy successfully raised RM42.0 million, which will be allocated as follows:
- 1 millionfor the development and construction of the Selarong LSSPV Plant, reinforcing the Company’s focus on renewable energy.
- 0 millionfor the repayment of borrowings to strengthen its financial position.
- 2 millionfor general working capital to support its day-to-day operations.
- 7 millionfor the purchase of the ERP system to enhance the Group’s overall operational efficiency.
- 0 millionfor the IPO expenses.
Managing Director of ES Sunlogy Berhad, Mr. Khor Chuan Meng, shared his excitement about the listing, stating:
“This listing marks an exciting new chapter for ES Sunlogy. We are grateful for the strong support from investors, which reflects confidence in our business direction and growth potential.
With the funds raised, we are well-positioned to expand our engineering capabilities, scale our renewable energy projects, and contribute to Malaysia’s clean energy goals. Moving forward, we remain committed to delivering innovative solutions that create long-term value for our stakeholders.”
Looking forward, ES Sunlogy remains committed to its role as a leader in Malaysia’s M&E engineering service.
By delivering M&E engineering for solar plants serving residential and commercial properties, providing customised energy systems for industrial clients, and supplying sustainable energy solutions for industrial sectors, the Company supports energy savings and sustainability.
These initiatives, combined with its participation in large-scale programmes such as LSS5, align with its vision to grow its market share, expand regionally, and contribute meaningfully to Malaysia’s sustainability and green energy goals.
The listing on Bursa Securities provides ES Sunlogy with a strong foundation to accelerate its expansion, further strengthening its role as a key player in M&E engineering and renewable energy solutions.
For more information, visit www.essunlogy.com.
