Founder Group Ltd (FGL) company profile

Founder Group Limited provides engineering, procurement, construction, and commissioning services for solar photovoltaic projects, alongside supplying solar mounting systems. The company primarily executes large-scale solar power initiatives as well as commercial and industrial installations. Its customer base includes engineering contractors and commercial entities developing utility-scale and decentralized solar installations. Additionally, the business holds an electricity generation license to operate and maintain a dedicated solar facility under a long-term power purchase agreement.

Headquartered in Klang, Selangor Darul Ehsan, Malaysia, the company conducts all of its current business operations within Malaysia. The enterprise manages a portfolio consisting of eight ongoing large-scale solar projects and fifteen commercial and industrial solar developments throughout the country. It also maintains corporate subsidiaries incorporated across Malaysia, Thailand, and Singapore.

Summary of the business section of Founder's latest annual report, written by StockData.

“The initial public offering price of our Ordinary Shares is $4.00 per share.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“Pursuant to the Minimum Wages Order 2024, with effect from February 1, 2025, the minimum wage for employees shall be RM1,700 a month for employers who have 5 employees or more and those employers categorized as conducting professional activities regardless of the number of employees they have.”