ES Sunlogy (KLSE:SUNLOGY) is eyeing 63 million ringgit ahead of its listing on the ACE Market.

The mechanical and electrical engineering services provider plans to issue 140 million shares to the public, and an offer for sale of 70 million shares at 0.30 ringgit apiece, according to a Monday prospectus filed on Bursa Malaysia.

Proceeds will be used for development, to boost working capital, and to pay off expenses.