Founder group expands southeast asia presence with proposed acquisition of vietnam-based renewable energy company

Kuala lumpur, malaysia, nov. 25, 2024 (globe newswire) --  founder group limited (nasdaq: fgl) (“founder group” or the “company”), a leading engineering, procurement, construction, and commissioning (epcc) solutions provider for solar photovoltaic systems in malaysia, is pleased to announce its proposed acquisition of a majority stake in ves 1 joint stock company (“ves1”), a subsidiary of ves joint stock company (“ves”). ves is a pioneer in renewable energy in vietnam, specializing in solar and wind power solutions, while ves1 focuses on developing solar energy projects across the country.
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