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Founder Group Ltd. ( (FGL) ) has issued an announcement.
On January 8, 2026, Founder Group Limited’s board approved the issuance of 3,194,840 Class B shares to chief executive and chairman Lee Seng Chi and 2,129,893 Class B shares to non-executive director Thien Chiet Chai as incentive compensation tied to their successful procurement of contracts for multiple large-scale solar photovoltaic plants in Malaysia, with completion of the issuance expected by January 2026. On the same date, the board also approved a one-hundred-to-one share combination of all Class A and Class B shares, subject to Nasdaq’s market-effective date, and provided that fractional holdings will be rounded up via bonus shares, a move that is likely to consolidate the share structure, adjust the trading price per share and signal management’s confidence following recent contract wins, with implications for both capital markets perception and existing shareholders’ positions.
More about Founder Group Ltd.
Founder Group Limited is a British Virgin Islands-incorporated company with principal executive offices in Klang, Selangor, Malaysia, operating in the engineering, procurement, construction and commissioning (EPCC) space for large-scale solar photovoltaic plants in Malaysia. The company’s recent activities indicate a focus on securing and delivering multiple utility-scale solar projects, underscoring its strategic positioning within the renewable energy and infrastructure sector.
Average Trading Volume: 12,397,940
Technical Sentiment Signal: Strong Sell
Current Market Cap: $2.72M
See more data about FGL stock on TipRanks’ Stock Analysis page.