Founder Group Ltd (NASDAQ: FGL) details 6.24% shareholder stake and new share grant

Rhea-AI Filing Summary

Founder Group Ltd shareholder Lee Seng Chi reports aggregate beneficial ownership of 1,665,060 shares, stated as representing 6.24% of the company’s Class A share class. He holds 26,080 Class A shares and 81,949 Class B shares directly.

The company implemented a 100-for-1 reverse share split on February 10, 2026, after which he held 26,080 Class A and 51,949 Class B shares. On June 11, 2026, he received a 30,000-share Class B grant from the issuer as bonus payments for securing engineering, procurement, construction and commissioning contracts for large-scale solar photovoltaic plants in Malaysia. Each Class A share carries one vote and each Class B share carries twenty votes; the ownership percentage is calculated assuming all Class B Shares are converted into Class A Shares, with a total of 1,731,736 shares on that as-converted basis.

Key Figures

Beneficial ownership: 1,665,060 shares Percent of Class A: 6.24 % Direct Class A holdings: 26,080 shares +4 more

7 metrics

Beneficial ownership 1,665,060 shares Aggregate number of shares beneficially owned by Lee Seng Chi

Percent of Class A 6.24 % Percentage of Class A share class represented by 1,665,060 shares on an as-converted basis

Direct Class A holdings 26,080 shares Class A Shares directly and beneficially owned by the reporting person

Direct Class B holdings 81,949 shares Class B Shares directly and beneficially owned by the reporting person

Reverse split ratio 100-for-1 Reverse share split implemented on February 10, 2026

Bonus share grant 30,000 Class B Shares Grant received June 11, 2026 as bonus payments for contract procurement

As-converted total shares 1,731,736 shares Total shares on an as-converted basis used to calculate the 6.24% stake

Key Terms

Schedule 13D, reverse share split, beneficially owned, dispositive power, +1 more

5 terms

Schedule 13D regulatory

"This Amendment No. 1 to the prior statement on Schedule 13D"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

reverse share split financial

"On February 10, 2026, the Company implemented a 100-for-1 reverse share split"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

beneficially owned financial

"which were owned directly and beneficially by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"Sole Dispositive Power 1,665,060.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Class B Shares financial

"Class B Shares are convertible at any time by the holder thereof"

Class B shares are one type of a company’s stock that carries a specific set of rights — often different voting power or dividend rules compared with other classes. For investors, that affects influence over company decisions and potential income: owning Class B might mean fewer or more votes per share or different claim on profits, like having a different seat at a decision table or a different slice of the payout pie.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/20/2026 - 08:54 AM Accepted by SEC EDGAR 07/20/2026 - 08:53 AM Learn about SEC filing dates

FAQ

What ownership stake in FGL does Lee Seng Chi report in this Schedule 13D/A?

He reports beneficial ownership of 1,665,060 shares, which the filing states equals 6.24% of Founder Group Ltd’s Class A share class. This percentage is calculated on an as-converted basis, assuming all Class B Shares are converted into Class A Shares.

How many Class A and Class B shares of Founder Group Ltd (FGL) does Lee Seng Chi directly hold?

The report states he holds 26,080 Class A Shares and 81,949 Class B Shares directly and beneficially. Class B Shares are convertible into Class A Shares on a one-for-one basis, and carry different voting rights from Class A Shares.

What corporate action affected Lee Seng Chi’s FGL holdings before this amendment?

On February 10, 2026, Founder Group Ltd implemented a 100-for-1 reverse share split. After completion, Lee Seng Chi held 26,080 Class A Shares and 51,949 Class B Shares, before later receiving an additional grant of Class B Shares.

What recent share grant did Founder Group Ltd (FGL) make to Lee Seng Chi?

On June 11, 2026, Lee Seng Chi received a 30,000-share Class B grant from Founder Group Ltd. The grant was described as bonus payments for successful procurement of contracts for large-scale solar photovoltaic plant projects in Malaysia.

How do voting rights differ between Founder Group Ltd’s Class A and Class B shares?

Each Class A Share carries one vote, while each Class B Share carries twenty votes on matters submitted to holders. The reported ownership percentage is calculated on an as-converted basis, assuming all Class B Shares become Class A Shares.

What total share count does FGL use to calculate Lee Seng Chi’s 6.24% stake?

The filing states that the 6.24% ownership is based on a total of 1,731,736 shares on an as-converted basis. This assumes all Class B Shares are converted into Class A Shares, according to information provided by the issuer.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Founder Group Ltd

(Name of Issuer)

Class A Shares

(Title of Class of Securities)

G3662E121

(CUSIP Number)

Lee Seng Chi
No. 6, Taman Mambau Jaya, Seremban,
Negeri Sembilan, N8, 70300
60 16-376 6161

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/11/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): G3662E121

1

Name of reporting person

Lee Seng Chi

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

MALAYSIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,665,060.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,665,060.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,665,060.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.24 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Represents 26,080 class A shares (the "Class A Shares") of Founder Group Ltd (the "Issuer") and 81,949 class B shares (the "Class B Shares") of the Issuer, which were owned directly and beneficially by the Reporting Person. Class B Shares are convertible at any time by the holder thereof into Class A Shares on a one-for-one basis. Each holder of Class A Shares is entitled to one vote per share and each holder of Class B Shares is entitled to twenty votes per share on all matters submitted to holders for vote. The percentage of the Reporting Person's beneficial ownership in class are based on the assumption that all Class B Shares are converted into Class A Shares. The total number of shares on such as-converted basis is 1,731,736, according to information provided by the Issuer.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Shares
(b)	Name of Issuer: Founder Group Ltd
(c)	Address of Issuer's Principal Executive Offices: No. 17, Jalan Astana 1D, Bandar Bukit Raja Klang, Selangor Darul Ehsan, MALAYSIA , 41050.
Item 1 Comment: This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") amends and supplements the prior statement on Schedule 13D as filed on [ ] (the "Original 13D" and such statement on Schedule 13D, as amended and supplemented, this "Schedule 13D"), and relates to the Class A shares of Founder Group Ltd (the "Issuer"). The Class A shares of the Issuer are listed on the Nasdaq Capital Market under the symbol "FGL."
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of this Schedule 13D is hereby amended and supplemented to add the following: On February 10, 2026, the Company implemented a 100-for-1 reverse share split, upon completion of which, the Reporting Person held 26,080 Class A shares and 51,949 Class B shares. On June 11, 2026, the Reporting Person received grant of 30,000 Class B shares by the Issuer as bonus payments for successful procurement of contracts relating to engineering, procurement, construction and commissioning of multiple large scale solar photovoltaic plant in Malaysia.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Lee Seng Chi

Signature:	/s/ Lee Seng Chi
Name/Title:	Lee Seng Chi
Date:	07/20/2026