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. Unprecedented Capacity and Development Value The facility is slated to be among the largest clean energy developments in the region, encompassing a 310 MWp ground-mounted solar photovoltaic (PV) power plant and a massive 620 MWh Battery

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 "bigge

KUALA LUMPUR, Malaysia, Sept. 10, 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 (PV) systems in Malaysia, is pleased to announce that it has secured a contract with prominent solar installation companies in Malaysia. The Company secured RM10 million (approximately US$2,358,490) contract for an engineering, procurement, construction, and commissioning of a 30-megawatt large-scale solar (LSS) photovoltaic plant. The Founder Group will be responsible for the civil and structural works, infrastructural works, installation, commi

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. "Founder Group operates primarily in Malaysia and doesn't have operations in the U.S. Therefore, the Company should not be affected by the sentiments currently causing selloffs of U.S. solar power stocks," said Lee Seng Chi, Chief Executive Officer of Founder Group Limited. "Although we are l

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. GCL Systems Integration Technology Co., Ltd. is a publicl

KUALA LUMPUR, Malaysia, June 11, 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 (PV) systems in Malaysia, is pleased to announce that it has secured additional contracts with prominent solar installation companies in Malaysia. The Company secured a contract totaling RM3.4 million (approximately US$806,193) engineering, procurement, construction, and commissioning contract for the development of a 29.99 megawatt (MWac) large-scale solar (LSS) photovoltaic plant in Bukit Badong, Selangor. The Founder Group will be responsib

KUALA LUMPUR, Malaysia, March 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 (PV) systems in Malaysia, is pleased to announce it has secured a contract worth RM11.6 million (approximately US$2.6 million) in Malaysia. The Company is contracting with a prominent solar installation company by project size in Malaysia and has a solid track record in the industry. It is also a major supplier of solar PV mounting structural system that is designed in-house, and the sole supplier and implementor of ground mounted tracking system

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. Spanning approximately 24 acres, this project, utilizing floating photovoltaic (FPV) technology, is designed to generate 9.99MWac/15.033625MWp of solar power. This cutting-edge FPV technology, which involves solar panels mounted o

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. Hexatoff Group Sdn. Bhd. ("Hexatoff Group"), the key

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). Under the terms of these LOAs, Founder Energy will assume various responsibilities across the projects, including full EPCC services, the supply and installation of DC and AC electrical systems, I