Founder group limited announces closing of initial public offering

Selangor, malaysia, oct. 24, 2024 (globe newswire) --  founder group limited (“fgl” or the “company”), a pure-play, end-to-end engineering, procurement, construction and commissioning (epcc) solutions provider for solar pv facilities in malaysia, today announced the closing of its previously announced initial public offering (the “offering”) of an aggregate 1,218,750 ordinary shares at a public offering price of $4.00 per share for total gross proceeds of $4.875 million to the company, before deducting underwriting discounts and offering expenses. the shares began trading on the nasdaq capital market on october 23, 2024, under the ticker symbol “fgl.”
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