News

Founder Group Limited Announces Landmark RM1.16 billion [USD276 million] 310 MWp Solar-Plus-Storage Project in Sarawak, Anchoring Regional Green Data Centre

KUALA LUMPUR, Malaysia, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“FGL” or “the Company”) today announced the execution of a Heads of Agreement with Planet QEOS Sdn. Bhd. for the joint development of a pioneering, large-scale renewable energy facility in Sarawak, Malaysia with estimated value of up to RM1.16 billion [USD276 million]. This initiative forms a critical component of the wider Baram DeepTech Energy Programme.

09/26/2025

Founder Group Limited to Significantly Benefit From up to RM17.4 billion [USD4.1 billion] Solar EPCC Contract Value Expected to Ignite Green Energy, Data Center Expansion and National AI Ambitions in Malaysia

KUALA LUMPUR, Malaysia, Sept. 24, 2025 (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, today announced its strong positioning, which is strategically aligned to capitalize on the significant growth opportunities within Malaysia's burgeoning renewable energy sector. The total EPCC contract value expected to surge up to RM17.4 billion [USD4.1 billion], a 40% increase, ensuring sustained sector activity until the end of 2028. The EPCC contractors within renewable energy sector are identified as the potential "biggest winners" due to solar panel prices expected to bottom in 2025, which poses cost risks for asset owners and benefits EPCC players.

09/24/2025

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The price of Founder Group Limited Ordinary Shares (FGL) is 0.4713 and it was updated on 2025-10-02 13:00:23.

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Founder Group Management Comments on Market Conditions in the U.S. for Solar Power Companies' Stocks KUALA LUMPUR, Malaysia, June 20, 2025 (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, assures investors that the Company will not be impacted by a U.S. Senate panel's proposed wind down of solar power tax credits by 2028. Fri, Jun. 20, 2025
Founder Group Signs Memorandum of Understanding with GCL Systems Integration Technology Co., Ltd. to Cooperate on Renewable Energy Projects Valued at up to USD $220 Million KUALA LUMPUR, Malaysia, June 17, 2025 (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 the signing of a memorandum of understanding (MOU) with GCL Systems Integration Technology Co. Ltd. (GCL). The companies have agreed to cooperate and work together to explore, identify, assess and undertake projects focused on the Renewable Energy industry across Malaysia and other ASEAN countries with an estimated value of up to USD $220 million. Tue, Jun. 17, 2025
Founder Group Secures Letter of Award Valued at US$4.5 Million for Floating Solar Farm Project in Malaysia KUALA LUMPUR, Malaysia, Jan. 07, 2025 (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 that it has secured a Letter of Award (LOA) worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia. Tue, Jan. 07, 2025
Founder Group Enters the US$180 Billion AI Market With AI-Powered Drone Technology for Solar Farm Inspections KUALA LUMPUR, Malaysia, Dec. 11, 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 proud to announce its strategic partnership with VC AI Limited (“VC.AI”) to co-develop advanced AI-powered Unmanned Aerial Vehicle (UAV) for solar farm inspections, ensuring the optimal performance of solar farms. Wed, Dec. 11, 2024
Founder Group Secures Conditional Letter of Award Worth Approximately US$68 Million for a 100MW Solar Farm in Malaysia KUALA LUMPUR, Malaysia, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), is proud to announce that it has been awarded a conditional Letter of Award (LOA), valued at approximately US$68 million (around RM299,260,000), for the development of a 100-megawatt solar farm in Tanjung Malim, Malaysia. Spanning 900 acres, the solar farm will serve as a critical energy source, providing 100MW of export capacity to power an advanced AI data center in Enstek City, Malaysia. Founder Group will act as the Engineering, Procurement, and Construction (EPC) partner for this transformative project. Wed, Dec. 04, 2024

SEC Filings

SEC Filings
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 07/29/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 07/14/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 06/24/2025
Founder Group Limited Ordinary Shares (FGL) - EFFECT SEC Filings 05/27/2025
Founder Group Limited Ordinary Shares (FGL) - 424B1 SEC Filings 05/27/2025
Founder Group Limited Ordinary Shares (FGL) - F-1 SEC Filings 05/20/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 05/07/2025
Founder Group Limited Ordinary Shares (FGL) - SCHEDULE 13G SEC Filings 04/30/2025
Founder Group Limited Ordinary Shares (FGL) - 20-F SEC Filings 04/25/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 04/23/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 03/19/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 03/03/2025
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 12/17/2024
Founder Group Limited Ordinary Shares (FGL) - 6-K - Current report SEC Filings 10/25/2024
Founder Group Limited Ordinary Shares (FGL) - CERT SEC Filings 10/22/2024
Founder Group Limited Ordinary Shares (FGL) - 8-A12B SEC Filings 10/22/2024
Founder Group Limited Ordinary Shares (FGL) - 424B4 SEC Filings 10/22/2024
Founder Group Limited Ordinary Shares (FGL) - EFFECT SEC Filings 10/01/2024
Founder Group Limited Ordinary Shares (FGL) - F-1/A SEC Filings 09/20/2024
Founder Group Limited Ordinary Shares (FGL) - DRS/A SEC Filings 06/18/2024
Founder Group Limited Ordinary Shares (FGL) - DRS/A SEC Filings 04/17/2024
Founder Group Limited Ordinary Shares (FGL) - DRS SEC Filings 02/21/2024

Press Releases

StockPrice Release
Founder group limited announces landmark rm1.16 billion [usd276 million] 310 mwp solar-plus-storage project in sarawak, anchoring regional green data centre 09/26/2025
Founder group limited to significantly benefit from up to rm17.4 billion [usd4.1 billion] solar epcc contract value expected to ignite green energy, data center expansion and national ai ambitions in malaysia 09/24/2025
Founder group management comments on market conditions in the u.s. for solar power companies' stocks 06/20/2025
Founder group signs memorandum of understanding with gcl systems integration technology co., ltd. to cooperate on renewable energy projects valued at up to usd $220 million 06/17/2025
Founder group secures letter of award valued at us$4.5 million for floating solar farm project in malaysia 01/07/2025
Founder group enters the us$180 billion ai market with ai-powered drone technology for solar farm inspections 12/11/2024
Founder group secures conditional letter of award worth approximately us$68 million for a 100mw solar farm in malaysia 12/04/2024
Founder group expands southeast asia presence with proposed acquisition of vietnam-based renewable energy company 11/25/2024
Founder group secures multiple contracts worth approximately us$5.5 million 11/11/2024
Founder group limited announces usd$3.8 million new solar epcc photovoltaic contract 11/01/2024
Founder group limited announces closing of initial public offering 10/24/2024
Founder group limited announces pricing of initial public offering 10/22/2024

More Headlines

News
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. 11/25/2024
Founder Group Secures Multiple Contracts Worth Approximately US$5.5 Million KUALA LUMPUR, Malaysia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a pure play, end to end engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, is pleased to announce the receipt of several Letters of Award (LOAs) for multiple large-scale solar projects, with a combined contract value of approximately US$5.5 million (equivalent to approximately RM22.5 million). 11/11/2024
Founder Group Limited Announces USD$3.8 million New Solar EPCC Photovoltaic Contract SELANGOR, Malaysia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, today announced that its subsidiary, Founder Energy Sdn Bhd, has secured a contract to develop a solar power system for a Malaysian higher education institution. This contract encompasses the full development, design, installation, construction, and commissioning of an on-site solar PV system for the institution's electricity generation and consumption. Valued at approximately USD$3.8 million, the project is expected to be completed within nine months. 11/01/2024
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.” 10/24/2024
Founder Group Limited Announces Pricing of Initial Public Offering SELANGOR, Malyasia, Oct. 22, 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 pricing of its 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, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option (the “Over-Allotment Option”) to purchase up to an additional 182,813 ordinary shares at the initial public offering price, less underwriting discounts. 10/22/2024

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Is Founder Group Limited Ordinary Shares (FGL) a buy, sell, or hold?

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Is Founder Group Limited Ordinary Shares (FGL) overvalued or undervalued?

Founder Group Expands Southeast Asia Presence With Proposed Acquisition of Vietnam-Based Renewable Energy Company

Founder Group Secures Multiple Contracts Worth Approximately US$5.5 Million

Founder Group Limited Announces USD$3.8 million New Solar EPCC Photovoltaic Contract

Founder Group Limited Announces Closing of Initial Public Offering

Founder Group Limited Announces Pricing of Initial Public Offering

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