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Kerjaya Prospek Unit Subscribes for MYR19 Million Stake in ES Sunlogy

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Kerjaya Prospek Group (KLSE:KERJAYA) unit Acumen Marketing subscribed for 70 million new shares, or a 9.09% stake in ES Sunlogy, for 18.8 million ringgit, according to a Thursday Malaysian bourse filing.

Shares gained over 1% in Friday's midday trade.

The engineering and renewable energy company issued shares at 0.268 ringgit apiece under ES Sunlogy's private placement. The shares were listed on July 16.

The subscription was funded through internally generated funds and is not expected to have a material impact on the group's earnings.

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