Founder Group Limited Announces 100 for 1 Share Combination
MWN-AI** Summary
On February 6, 2026, Founder Group Limited, a prominent provider of EPCC solutions for solar photovoltaic facilities in Malaysia, announced a significant move to combine its shares at a 100-for-1 ratio. Set to take effect on February 10, 2026, this share combination aims to ensure compliance with the Nasdaq Marketplace Rule 5550(a)(2), thereby maintaining the Company’s listing on the Nasdaq Capital Market.
Following the share combination, the Company’s Class A and Class B shares will be adjusted. This means that holders of 100 ordinary shares will automatically have their holdings compressed into one issued and outstanding ordinary share. This restructuring will not require any action from shareholders, and fractional shares will be rounded up, granting additional shares as necessary.
Before the combination, FGL had approximately 32.18 million Class A shares and 9.32 million Class B shares outstanding. Post-combination, the total expected number of issued Class A shares will be about 321,781, while Class B shares will total approximately 93,247.
Founder Group Limited focuses on delivering innovative solar installation services, emphasizing sustainability and carbon neutrality. The company's operations center on large-scale and commercial and industrial solar projects, reflecting a growing commitment to eco-friendly energy solutions.
The press release also includes a "Safe Harbor" statement, cautioning potential investors that forward-looking statements reflect the company's current expectations and may be affected by various risks and uncertainties. The company highlights its intention to update these statements as conditions evolve, although it has no obligation to do so unless required by law.
For more detailed information about Founder Group Limited, stakeholders can refer to its official website.
MWN-AI** Analysis
Founder Group Limited’s announcement of a 100-for-1 share combination is a significant move in its quest to comply with Nasdaq’s listing requirements and regain its standing in the marketplace. This reverse split will reduce the number of outstanding shares, thereby increasing the per-share price, which can attract institutional investors and improve the stock's visibility.
Investors should assess the impact of this share combination critically. A reverse split can be a double-edged sword. While it improves the stock price (making it more respectable at face value), it may also signal underlying operational challenges—a need to enhance perceived market image could hint at struggles to maintain compliance or profitability. In Founder Group's case, the rush to meet Nasdaq requirements might suggest challenges that merit further scrutiny.
As a provider of end-to-end EPCC solutions for solar energy—the industry is largely poised for growth due to global sustainability initiatives—stockholders should monitor the company’s performance closely. If Founder Group can leverage its core competency in solar projects to foster growth and market penetration, the long-term outlook could remain promising provided the fundamentals improve.
Those holding shares should be prepared for volatility around the adjustment date on February 10, 2026, as new shares are issued, and the market reacts to the news. For prospective investors, it may be prudent to wait until after the share combination to gauge market sentiment and gauge if the shares can stabilize or rally.
Investing in Founder Group carries inherent risks, particularly with its current need to comply with Nasdaq's standards. Conduct due diligence and consider the company’s long-term sustainability strategies before making investment decisions. Overall, the share formation intends to provide a fresh start, but transformational results will depend on the company's execution of its solar initiatives and broader market conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
SELANGOR, Malaysia, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Founder Group Limited (“FGL” or the “Company”) today announced that the authorised, issued, and outstanding shares of the Company will be combined on a 100 for 1 ratio with the marketplace effective date of February 10, 2026.
The objective of the share combination is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.
Beginning with the opening of trading on February 10, 2026, the Company’s Class A shares of no par value each (the “Class A Shares”) will trade on the Nasdaq Capital Market on an adjusted basis, under the same symbol “FGL” but under a new CUSIP number, G3662E121.
As a result of the share combination, each 100 ordinary shares outstanding will automatically combine and convert to one issued and outstanding ordinary share without any action on the part of the shareholders. Each shareholder who holds fractional shares following, and as a result of, the share combination, will be issued with such bonus shares as is necessary to ensure that their shareholding is rounded up to the nearest whole number.
Immediately prior to the share combination, 32,178,109 Class A Shares and 9,324,733 Class B shares of no par value each (the “Class B Shares”) are issued and outstanding. As a result of the share combination, (i) the number of total issued and outstanding Class A Shares will be approximately 321,781, and (ii) the number of total issued and outstanding Class B Shares will be approximately 93,247 Class B Shares.
About Founder Group Limited
Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The Company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The Company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality.
For more information on the Company, please log on to https://www.founderenergy.com.my/.
Safe Harbor Statement
This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Company’s proposed Offering. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.
Contact Information:
Founder Group Limited Contact:
Eric Lee
Chief Executive Officer
Telephone +03-3358 5638
Email: ericlee@founderenergy.com.my
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ**
How will the 100-for-1 share combination of Founder Group Limited (FGL) impact its stock performance compared to similar companies like Fidelity & Guaranty Life FGL?
What strategies will Founder Group Limited implement post-share combination to drive growth, similar to those employed by Fidelity & Guaranty Life FGL?
In what ways does Founder Group Limited's focus on solar energy solutions compare to the financial services offered by Fidelity & Guaranty Life FGL?
How does the compliance with Nasdaq Marketplace Rule 5550(a)(2) reflect on Founder Group Limited's long-term viability compared to industry standards set by firms like Fidelity & Guaranty Life FGL?
**MWN-AI FAQ is based on asking OpenAI questions about Fidelity & Guaranty Life (NASDAQ: FGL).
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