Founder Group (FGL) Stock News

Founder Group Limited (NASDAQ:FGL) will effect a 100-for-1 share combination with a marketplace effective date of February 10, 2026. The combination is intended to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its Nasdaq listing.

Post-combination, Class A shares will trade under the same symbol FGL with a new CUSIP G3662E121. Each 100 ordinary shares will combine into one share automatically; fractional holdings will be rounded up via bonus shares. Pre-combination counts: 32,178,109 Class A and 9,324,733 Class B shares; post-combination approximations: 321,781 Class A and 93,247 Class B.

Founder Group Limited (NASDAQ:FGL) announced it received a Nasdaq notice dated November 6, 2025, for failing to meet the $1 minimum bid price under Nasdaq Listing Rule 5550(a)(2).

Nasdaq said the notice does not affect current listing or trading and gave a 180-calendar-day compliance period until May 5, 2026 to regain compliance. The company may seek an additional 180 days if it meets market-value and other initial-listing standards (except bid price) and files notice to cure, potentially by effecting a reverse stock split. Founder Group is evaluating options and intends to attempt timely compliance but said there is no assurance it will regain or maintain compliance.

Founder Group Limited (NASDAQ: FGL) has announced a landmark agreement to develop a RM1.16 billion (USD276 million) renewable energy facility in Sarawak, Malaysia. The project includes a 310 MWp solar photovoltaic power plant and a 620 MWh Battery Energy Storage System (BESS).

The initiative, part of the Baram DeepTech Energy Programme, will also feature a 200 MW Tier-4 Green Data Centre Park spanning 350 acres. This development represents Malaysia's first "firm" solar power plant, designed to provide continuous, dispatchable renewable electricity. The project is expected to generate over RM1 billion in foreign direct investment and supports Sarawak's goal of achieving 10 GW generation capacity by 2030.

Founder Group Limited (NASDAQ: FGL), a leading Malaysian solar EPCC solutions provider, is positioned to capitalize on up to RM17.4 billion (USD4.1 billion) in EPCC contract opportunities through 2028, representing a 40% increase in market value.

The company recently signed an MOU with GCL Systems Integration Technology for renewable energy projects worth up to USD220 million across ASEAN. Key growth drivers include the LSS Petra and LSS Petra 5+ programs (RM12 billion, 6GW capacity) and CRESS program revival (RM5 billion, 2GW demand).

FGL is exploring AI-powered solutions for project management and operations, while contributing to Malaysia's data center expansion and national AI ambitions through sustainable power solutions.

Founder Group Limited (NASDAQ: FGL) has secured a RM10 million (US$2.36 million) contract for the engineering, procurement, construction, and commissioning of a 30-megawatt large-scale solar plant in Malaysia.

The project, set for completion by end-2025, will generate approximately 60,000 MWh of clean energy annually and offset around 40,000 tonnes of CO2 emissions. The facility will contribute nearly 60,000 Renewable Energy Certificates (RECs) to help corporate consumers meet sustainability goals.

Founder Group Limited (NASDAQ: FGL), a Malaysian EPCC solutions provider for solar photovoltaic systems, has addressed investor concerns regarding U.S. solar market conditions. CEO Lee Seng Chi emphasized that the company's operations, primarily based in Malaysia, will not be affected by the proposed wind down of U.S. solar power tax credits by 2028. Despite being listed on Nasdaq, FGL generates its revenue predominantly from the Malaysian market and plans to focus future expansion within Southeast Asia, with no current plans for U.S. market entry. The statement comes amid selloffs in U.S. solar power stocks due to potential policy changes.

Founder Group Limited (NASDAQ: FGL) has signed a memorandum of understanding (MOU) with GCL Systems Integration Technology Co. Ltd. to collaborate on renewable energy projects across Malaysia and ASEAN countries, with potential projects valued up to USD $220 million. GCL, listed on the Shenzhen Stock Exchange, is a leading smart PV and storage system integrator with expertise in high-efficiency cells, PV modules, and energy storage systems. The partnership involves information exchange, technical expertise sharing, and joint project development. Both companies will utilize internal resources for sourcing projects, analyzing tenders, and developing proposals. FGL's CEO Lee Seng Chi emphasized that partnering with GCL will enhance their capabilities in supporting regional renewable energy goals while potentially driving significant revenue growth and shareholder value.

Founder Group Limited (NASDAQ: FGL) has secured new contracts worth approximately US$1.5 million with solar installation companies in Malaysia. The first contract, valued at RM3.4 million (US$806,193), involves engineering, procurement, construction, and commissioning for a 29.99 MWac large-scale solar plant in Bukit Badong, Selangor. The second contract, worth RM2.8 million (US$662,452), was awarded by a previous client. Both projects are expected to be completed in 2025. The Company will handle mechanical and wiring work for the first facility and will serve as a contractor for the design, engineering, procurement, construction, and commissioning of a rooftop solar PV facility for the second project. CEO Lee Seng Chi emphasized these contracts' importance for revenue growth and market expansion.

Founder Group (NASDAQ: FGL) has secured a RM11.6 million (US$2.6 million) contract in Malaysia to build a roof-top solar PV generating facility. The Company will partner with a prominent Malaysian solar installation company, serving as contractor responsible for design, engineering, procurement, supply, delivery, construction, and commissioning.

The construction contract has an expected 2-year completion timeline, followed by an Operations and Maintenance agreement spanning 15-21 years. The project is anticipated to yield double-digit profit margins. This continues FGL's existing relationship with the partner company, with expectations for additional future contracts.

The contract aligns with Malaysia's ambitious renewable energy goals, as the government aims to increase renewable capacity to 40% (23GW) by 2035, up from 27% (12GW). Solar is projected to account for over 80% of the 11GW growth. The total EPCC contract market value has increased from RM7.4b to RM12.4b, indicating strong sector activity through end-2027.