KUALA LUMPUR (Nov 3): ES Sunlogy Bhd (KL:SUNLOGY) has been awarded two subcontracts worth a combined RM25.07 million by Kerjaya Prospek Group Bhd (KL:KERJAYA) for electrical and infrastructure works in Pulau Andaman, Penang.

ES Sunlogy's wholly-owned unit Savelite Engineering Sdn Bhd accepted the two letters of acceptance from Kerjaya Prospek's subsidiary Kerjaya Prospek (M) Sdn Bhd, according to bourse filings on Tuesday.

The larger subcontract, valued at RM19.87 million, involves the supply and installation of electrical and extra-low voltage systems for a serviced apartment development in Bandar Tanjung Pinang.

The development comprises two 46-storey serviced apartment towers with 540 units each, bringing the total to 1,080 units, along with parking facilities, commercial spaces and other amenities.

Works under this subcontract are scheduled for completion by Dec 31, 2029.

The second subcontract, worth RM5.2 million, involves infrastructure works for five bridges in Pulau Andaman, comprising four bridges for vehicles and one pedestrian bridge connecting different phases of the development.

The bridge works are scheduled for completion by Aug 23, 2028.

Kerjaya Prospek became a strategic shareholder in ES Sunlogy with a 31% stake in 2026. The two groups have since collaborated in mechanical and electrical works.

ES Sunlogy said both subcontracts are expected to contribute positively to its earnings and net assets per share throughout their respective project periods.

ES Sunlogy shares closed 1.5 sen or 4.05% lower at 35.5 sen on Tuesday, valuing the group at RM273.4 million. Kerjaya Prospek finished four sen or 1.17% higher at RM3.46, for a market capitalisation of RM4.38 billion.