Reservoir Link (FGL) discloses 23.16% beneficial stake in Founder Group

Rhea-AI Filing Summary

Reservoir Link Energy Bhd, a Malaysian public company, disclosed significant ownership in Founder Group Ltd Class A Shares. It reports beneficial ownership of 7,650,000 Class A Shares, equal to 23.16% of the Class A class on an as-converted basis. This stake consists of 5,650,000 Class A Shares and 2,000,000 Class B Shares, with each Class B Share convertible into one Class A Share and carrying twenty votes per share, versus one vote for each Class A Share. The percentage ownership is calculated assuming all Class B Shares are converted, based on a total of 33,033,700 shares outstanding on an as-converted basis as of December 31, 2025.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Founder Group Ltd

(Name of Issuer)

Class A Shares

(Title of Class of Securities)

G3662E105

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G3662E105

1

Names of Reporting Persons

Reservoir Link Energy Bhd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MALAYSIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,650,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,650,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,650,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

23.16 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The Reporting Person is a publicly traded company listed on the Main Market of Bursa Malaysia, the stock exchange in Malaysia. Represents 5,650,000 class A shares (the "Class A Shares") of Founder Group Ltd (the "Issuer") and 2,000,000 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 as of December 31, 2025 is 33,033,700, according to information provided by the Issuer.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Founder Group Ltd
(b)	Address of issuer's principal executive offices: No. 17, Jalan Astana 1D, Bandar Bukit Raja 41050 Klang, Selangor Darul Ehsan, Malaysia
Item 2.
(a)	Name of person filing: Reservoir Link Energy Bhd
(b)	Address or principal business office or, if none, residence: The principal business address of the Reporting Person is E33-01 Menara Suezcap 2 KL Gateway, 2, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia.
(c)	Citizenship: Malaysia
(d)	Title of class of securities: Class A Shares
(e)	CUSIP No.: G3662E105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7,650,000 Class A Shares
(b)	Percent of class: 23.16%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,650,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7,650,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

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.

Reservoir Link Energy Bhd

Signature:	/s/ Thien Chiet Chai
Name/Title:	Thien Chiet Chai/Executive Deputy Chairman
Date:	01/21/2026

FAQ

What ownership stake did Reservoir Link Energy Bhd report in FGL?

Reservoir Link Energy Bhd reported beneficial ownership of 7,650,000 Class A Shares of Founder Group Ltd, representing 23.16% of the Class A class on an as-converted basis.

How is Reservoir Link Energy Bhd’s 23.16% stake in FGL calculated?

The 23.16% figure is based on an as-converted total of 33,033,700 shares as of December 31, 2025, assuming all Class B Shares are converted into Class A Shares.

What mix of Founder Group Ltd shares does Reservoir Link Energy Bhd hold?

Reservoir Link Energy Bhd holds 5,650,000 Class A Shares and 2,000,000 Class B Shares of Founder Group Ltd, all owned directly and beneficially.

What are the voting rights of Founder Group Ltd Class A vs. Class B Shares?

Each Class A Share has one vote per share, while each Class B Share has twenty votes per share on all matters submitted to holders for vote.

Can Founder Group Ltd Class B Shares be converted into Class A Shares?

Yes. Each Class B Share of Founder Group Ltd is convertible at any time by the holder into one Class A Share on a one-for-one basis.

Does Reservoir Link Energy Bhd have sole voting and dispositive power over its FGL shares?

Yes. It reports sole voting power and sole dispositive power over 7,650,000 Class A Shares, with no shared voting or dispositive power.

Where are Reservoir Link Energy Bhd and Founder Group Ltd based?

Reservoir Link Energy Bhd’s principal business address is in Kuala Lumpur, Malaysia, and Founder Group Ltd’s principal executive offices are in Klang, Selangor, Malaysia.