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[6-K] Founder Group Ltd Current Report (Foreign Issuer)

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6-K

Founder Group Limited reported a Heads of Agreement with PLANET QEOS Sdn. Bhd. to jointly develop a large-scale renewable energy facility in Sarawak, Malaysia, valued at up to RM1.16 billion [USD276 million]. The project is described as a 310 MWp solar-plus-storage development anchoring a regional green data centre.

The parties intend to form a special purpose vehicle, with Founder Group to hold 45% and PLANET QEOS 55%, and expect to enter a joint venture and shareholders’ agreements to govern the SPV. The arrangement sets a commercial framework and completion is subject to the negotiation and execution of definitive agreements and customary closing conditions.

Founder Group Limited ha comunicato un Heads of Agreement con PLANET QEOS Sdn. Bhd. per sviluppare congiuntamente un impianto di energia rinnovabile su larga scala a Sarawak, Malesia, valutato fino a RM1,16 miliardi [USD276 milioni]. Il progetto è descritto come uno sviluppo fotovoltaico da 310 MWp con accumulo che funge da anchor per un data center verde regionale.

Le parti intendono costituire una vehicle a scopo speciale, con Founder Group detentrice del 45% e PLANET QEOS al 55%, e prevedono di entrare in una joint venture e accordi tra azionisti per regolare lo SPV. L'accordo stabilisce un quadro commerciale e il completamento è subordinato alla negoziazione ed esecuzione di accordi definitivi e condizioni usuali di chiusura.

Founder Group Limited informó de un Acuerdo de Intención con PLANET QEOS Sdn. Bhd. para desarrollar conjuntamente una instalación de energía renovable a gran escala en Sarawak, Malasia, valorada hasta RM1,16 mil millones [USD276 millones]. El proyecto se describe como un desarrollo solar de 310 MWp con almacenamiento que ancla un data center verde regional.

Las partes planean formar una entidad de propósito específico, con Founder Group poseyendo el 45% y PLANET QEOS el 55%, y esperan celebrar una joint venture y acuerdos de accionistas para regir la SPV. El acuerdo establece un marco comercial y la culminación queda sujeta a la negociación y ejecución de acuerdos definitivos y condiciones de cierre habituales.

Founder Group Limited은 PLANET QEOS Sdn. Bhd.와 함께 말레이시아 샤라와크의 대규모 재생에너지 설비를 공동 개발하기로 하는 Heads of Agreement를 발표했고, 이는 최대 RM1.16십억 달러(USD276백만)로 평가됩니다. 이 프로젝트는 지역 친환경 데이터 센터를 고정하는 310 MWp 태양광+저장 개발로 설명됩니다.

양측은 SPV를 설립할 의향이 있으며, Founder Group은 45%, PLANET QEOS는 55%를 보유하고 SPV를 관리하는 조인트벤처 및 주주 간 계약을 체결할 것을 기대합니다. 이 합의는 상업적 프레임워크를 설정하며 완성은 정식 계약의 협상 및 체결과 일반적인 종결 조건에 달려 있다.

Founder Group Limited a annoncé un protocole d'accord avec PLANET QEOS Sdn. Bhd. pour développer conjointement une installation d'énergie renouvelable à grande échelle à Sarawak, en Malaisie, d'une valeur allant jusqu'à RM1,16 milliard [USD276 millions]. Le projet est décrit comme un développement solaire + stockage de 310 MWp qui ancrera un centre de données vert régional.

Les parties envisagent de créer une société à but spécial, Founder Group détenant 45% et PLANET QEOS 55%, et s'attendent à conclure une joint-venture et des accords entre actionnaires pour régir la SPV. L'accord établit un cadre commercial et l'achèvement est subordonné à la négociation et à l'exécution d'accords définitifs et aux conditions de clôture usuelles.

Founder Group Limited meldete eine Absichtserklärung mit PLANET QEOS Sdn. Bhd. zur gemeinsamen Entwicklung einer groß angelegten Anlage für erneuerbare Energien in Sarawak, Malaysia, im Wert von bis zu RM1,16 Milliarden [USD276 Millionen]. Das Projekt wird als eine 310 MWp Solar-plus-Speicher-Entwicklung beschrieben, die ein regionales grünes Rechenzentrum verankert.

Die Parteien beabsichtigen, eine Zweckgesellschaft zu gründen, wobei Founder Group 45% und PLANET QEOS 55% hält, und erwarten, eine Joint Venture- und Aktionärsvereinbarungen abzuschließen, um die SPV zu regeln. Die Vereinbarung schafft einen kommerziellen Rahmen, und der Abschluss hängt von der Verhandlung und dem Abschluss endgültiger Vereinbarungen sowie üblicher Abschlussbedingungen ab.

Founder Group Limited أبلغت عن Heads of Agreement مع PLANET QEOS Sdn. Bhd. لتطوير مشترك لمرفق طاقة متجددة واسع النطاق في سراوك، ماليزيا، بقيمة تصل إلى 1.16 مليار رينغت ماليزية [276 مليون دولار]. يوصف المشروع بأنه تطوير طاقة شمسية-تخزينية بقدرة 310 MWp يثبت مركز بيانات أخضر إقليمي.

تنوي الأطراف إنشاء كيان ذا هدف خاص، بحيث تمتلك Founder Group 45% وPLANET QEOS 55%، ويتوقعون الدخول في مشروع مشترك واتفاقيات مساهمين لحكم الـ SPV. وترسم الترتيبات إطاراً تجارياً ويعتمد الإكمال على التفاوض وتنفيذ الاتفاقات النهائية وشروط الإغلاق المعتادة.

Founder Group LimitedPLANET QEOS Sdn. Bhd. 签署了一份意向协议,在马来西亚砂拉越州共同开发一个规模巨大的可再生能源项目,价值最高可达 RM1.16 亿林吉特 [USD276 百万美元]。该项目被描述为一个310 MWp 的太阳能+储能开发,作为区域绿色数据中心的锚点。

双方拟设立一个特殊目的实体,Founder Group 持股45%,PLANET QEOS 持股55%,并预计成立合资企业和股东协议来规范 SPV。该安排确立了商业框架,完成取决于 与最终协议的谈判与执行以及惯常的交割条件

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Insights

Significant renewable project announced, contingent on definitive agreements.

Founder Group disclosed a Heads of Agreement to co-develop a Sarawak renewable facility valued up to RM1.16 billion [USD276 million]. The structure anticipates an SPV with a 45%/55% split between Founder Group and PLANET QEOS, aligning governance through future JV and shareholders’ agreements.

Because the agreement sets a commercial framework and is expressly subject to definitive agreements and customary closing conditions, execution risk remains until contracts are signed. The project scope includes a 310 MWp solar-plus-storage build that would anchor a regional green data centre, indicating substantial scale if completed.

Key items to watch include the signing of definitive agreements and any disclosed financing, permitting, and construction milestones. Subsequent filings may provide further detail on capital commitments and timelines.

Founder Group Limited ha comunicato un Heads of Agreement con PLANET QEOS Sdn. Bhd. per sviluppare congiuntamente un impianto di energia rinnovabile su larga scala a Sarawak, Malesia, valutato fino a RM1,16 miliardi [USD276 milioni]. Il progetto è descritto come uno sviluppo fotovoltaico da 310 MWp con accumulo che funge da anchor per un data center verde regionale.

Le parti intendono costituire una vehicle a scopo speciale, con Founder Group detentrice del 45% e PLANET QEOS al 55%, e prevedono di entrare in una joint venture e accordi tra azionisti per regolare lo SPV. L'accordo stabilisce un quadro commerciale e il completamento è subordinato alla negoziazione ed esecuzione di accordi definitivi e condizioni usuali di chiusura.

Founder Group Limited informó de un Acuerdo de Intención con PLANET QEOS Sdn. Bhd. para desarrollar conjuntamente una instalación de energía renovable a gran escala en Sarawak, Malasia, valorada hasta RM1,16 mil millones [USD276 millones]. El proyecto se describe como un desarrollo solar de 310 MWp con almacenamiento que ancla un data center verde regional.

Las partes planean formar una entidad de propósito específico, con Founder Group poseyendo el 45% y PLANET QEOS el 55%, y esperan celebrar una joint venture y acuerdos de accionistas para regir la SPV. El acuerdo establece un marco comercial y la culminación queda sujeta a la negociación y ejecución de acuerdos definitivos y condiciones de cierre habituales.

Founder Group Limited은 PLANET QEOS Sdn. Bhd.와 함께 말레이시아 샤라와크의 대규모 재생에너지 설비를 공동 개발하기로 하는 Heads of Agreement를 발표했고, 이는 최대 RM1.16십억 달러(USD276백만)로 평가됩니다. 이 프로젝트는 지역 친환경 데이터 센터를 고정하는 310 MWp 태양광+저장 개발로 설명됩니다.

양측은 SPV를 설립할 의향이 있으며, Founder Group은 45%, PLANET QEOS는 55%를 보유하고 SPV를 관리하는 조인트벤처 및 주주 간 계약을 체결할 것을 기대합니다. 이 합의는 상업적 프레임워크를 설정하며 완성은 정식 계약의 협상 및 체결과 일반적인 종결 조건에 달려 있다.

Founder Group Limited a annoncé un protocole d'accord avec PLANET QEOS Sdn. Bhd. pour développer conjointement une installation d'énergie renouvelable à grande échelle à Sarawak, en Malaisie, d'une valeur allant jusqu'à RM1,16 milliard [USD276 millions]. Le projet est décrit comme un développement solaire + stockage de 310 MWp qui ancrera un centre de données vert régional.

Les parties envisagent de créer une société à but spécial, Founder Group détenant 45% et PLANET QEOS 55%, et s'attendent à conclure une joint-venture et des accords entre actionnaires pour régir la SPV. L'accord établit un cadre commercial et l'achèvement est subordonné à la négociation et à l'exécution d'accords définitifs et aux conditions de clôture usuelles.

Founder Group Limited meldete eine Absichtserklärung mit PLANET QEOS Sdn. Bhd. zur gemeinsamen Entwicklung einer groß angelegten Anlage für erneuerbare Energien in Sarawak, Malaysia, im Wert von bis zu RM1,16 Milliarden [USD276 Millionen]. Das Projekt wird als eine 310 MWp Solar-plus-Speicher-Entwicklung beschrieben, die ein regionales grünes Rechenzentrum verankert.

Die Parteien beabsichtigen, eine Zweckgesellschaft zu gründen, wobei Founder Group 45% und PLANET QEOS 55% hält, und erwarten, eine Joint Venture- und Aktionärsvereinbarungen abzuschließen, um die SPV zu regeln. Die Vereinbarung schafft einen kommerziellen Rahmen, und der Abschluss hängt von der Verhandlung und dem Abschluss endgültiger Vereinbarungen sowie üblicher Abschlussbedingungen ab.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number 001-42379

 

Founder Group Limited

 

No. 17, Jalan Astana 1D, Bandar Bukit Raja, 41050 Klang,
Selangor Darul Ehsan, Malaysia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F Form 40-F

 

 

 

 

 

 

On September 26, 2025, Founder Group Limited (the “Company”) announced the execution of a Heads of Agreement (the “Agreement”) with PLANET QEOS SDN. BHD., a company incorporated under the laws of Malaysia (“PLANET QEOS”), 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] (the “Project”).

 

For the purpose of the Project, the Company and PLANET QEOS intend to jointly establish a special purpose vehicle (the “SPV”) and to enter into a joint venture agreement and a shareholders’ agreement to govern their respective rights and obligations in the SPV. The Company expects to hold 45% equity interests of the SPV, with PLANET QEOS holding 55%.

 

The Agreement is intended to set out the commercial framework of the Project and the completion of the transaction is subject to the negotiation and execution of definitive agreements and customary closing conditions.

 

On September 26, 2025, the Company issued press release relating to the Agreement and the Project, a copy of which is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

 

Exhibits

 

Exhibit No.   Description
99.1   Press Release-Founder Group Limited Announces Landmark RM1.16 billion [USD276 million] 310 MWp Solar-Plus-Storage Project in Sarawak, Anchoring Regional Green Data Centre, dated September 26, 2025

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Founder Group Limited
     
  By: /s/ Lee Seng Chi
  Name: Lee Seng Chi
  Title: Chief Executive Officer, Director, and
Chairman of the Board of Directors

 

Date: October 16, 2025

 

2

FAQ

What did FGL announce in its 6-K?

Founder Group announced a Heads of Agreement with PLANET QEOS to jointly develop a renewable energy project in Sarawak valued at up to RM1.16 billion [USD276 million].

What is the planned ownership split for the SPV in the FGL project?

Founder Group expects to hold 45% of the SPV, with PLANET QEOS holding 55%.

What is the scale of the proposed Sarawak project for FGL?

The exhibit describes a 310 MWp solar-plus-storage project anchoring a regional green data centre.

Is the FGL agreement binding?

The Heads of Agreement sets the commercial framework and completion is subject to the negotiation and execution of definitive agreements and customary closing conditions.

Who is FGL’s partner on the Sarawak project?

FGL’s partner is PLANET QEOS Sdn. Bhd., a company incorporated in Malaysia.

Where will the FGL renewable project be located?

The project is in Sarawak, Malaysia.
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