The Company is a public limited liability company that is incorporated and domiciled in Malaysia.
The Group is principally involved in the provision of electrical engineering services for electricity supply distribution systems, mechanical engineering services for building services,and generation and sales of renewable energy.
ESSB was incorporated on 23 November 2023 to embark on the listing and quotation of its entire enlarged share capital on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
On 25 July 2024, ESSB entered into a conditional share sales agreement (“SSA”) to acquire the entire issued share capital of Savelite Engineering Sdn. Bhd. (“SESB”) of RM21,310,230 comprising 3,562,500 ordinary shares from its existing shareholders for a purchase consideration of RM50,344,000. The said purchase consideration will be fully satisfied by the issuance of 559,999,997 new ordinary shares of the Company at an issue price of RM0.0899 per share, which will be issued to the shareholders of ESSB,namely to Keh Chuan Seng, Chu Kerd Yee and Khor Chuan Meng.
The completion of the SSA is conditional upon certain conditions precedent being obtained /fulfilled/waived, which includes the approval of Bursa Malaysia Securities Berhad for the admission of the share capital of ESSB to official list of Bursa Malaysia Securities Berhad for its listing.
2010 - Incorporation of Savelite
2011 - Savelite was registered as a Class C electrical contractor with the EC. Secured first project in relation to the provision of electrical installation and ELV system for a factory at Kawasan Perusahaan Perai, Mukim 1, Seberang Perai Tengah, Pulau Pinang with a contract value of RM0.54 million.
2013 - Savelite's contractor registration with CIDB was upgraded to G5. Secured a project for the provision of M E engineering services for the custom, immigration, quarantine, port clearance and ferry terminal at Puteri Harbour, Bandar Nusajaya, Iskandar Malaysia, Johor with a contract value of RM4.00 million.
2014 - Savelite's registration with the EC was upgraded to a Class A contractor.
2015 - Savelite's contractor registration with CIDB was upgraded to G7. Secured a project for the provision of electrical engineering works for a hotel at Jalan Teluk Kumbar, Pulau Pinang with a contract value of RM4.31 million
2016 - Secured a project for the provision of electrical engineering works for commercial shop units at Sepang, Selangor with contract value of RM7.76 million.
2017 - Ventured into M E engineering services for renewable energy facilities. Secured a project for the provision of M E engineering services for a 50MW LSSPV plant at Ayer Puteh, Kedah with a contract value of RM12.31 million.
2018 - Secured Langkawi Hotel Project with a contract value of RM8.44 million.
2020 - Savelite was certified compliant to ISO 9001:2015 for the scope of provision of electrical installation engineering services.
2021 - Junjong Consortium was selected as the shortlisted bidder by the EC to undertake the Junjong LSSPV Plant Project. Incorporation of Energy ES
2022 - Secured Sitiawan Project with a contract value of RM23.25 million and Junjong LSSPV Plant Project with a contract value of RM30.45 million. Secured our largest project todate, Kulim Project with contract value of RM90.20 million.
2023 - Registered as a Photovoltaic Service Provider with SEDA and awarded by the EC under the CGPP for the development, construction and operation of Selarong LSSPV Plant.
2024 - Secured Gemas Project (Phase I) with contract value of RM76.30 million
Headquarters
2A, Jalan Industri Tangkas 2, Taman Industri Tangkas
Bukit Mertajam; Penang;
Postal Code: 14000
Contact Details: Purchase the Es Sunlogy Berhad report to view the information.
Website: http://www.essunlogy.com
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