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FGL-News
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Founder Group Receives Nasdaq Compliance Notification
Founder Group announced that on September 16, 2026, the Company received a letter from the Listing Qualifications Department of Nasdaq Stock Market notifying the Company that since it no longer meets the minimum 500,000 publicly held shares requirement under Nasdaq Listing Rule 5550(a)(4) for the Nasdaq Capital Market, it no longer complies with the Listing Rules for continued listing. The notification has no immediate effect on the listing or trading of the Company's Class A ordinary shares. The Company has until November 2, 2026, to provide Nasdaq's staff with a specific plan to achieve and sustain compliance with all The Nasdaq Capital Market listing requirements, including the time frame for completion of such plan. The Company intends to submit such plan within the required timeframe.
Founder Group Ltd Trading Halted, Volatility Trading Pause
Founder Group Ltd trading halted, volatility trading pause
Founder Group Ltd Trading Halted Due to Volatility
Founder Group Ltd trading halted, volatility trading pause
Founder Group's Subsidiary Actively Bids for Malaysia's Largest Solar Project
Founder Group announced that its subsidiary, Founder Energy, is actively tendering for projects under the Large-Scale Solar 6 program, Malaysia's largest-ever utility-scale solar tender. The company believes LSS6 represents a multi-year growth opportunity that could progressively expand its order book from the current tender period through the program's targeted commercial operation date of December 31, 2029. LSS6 was launched in July, offering a total quota of 2,500 megawatts of solar capacity paired with 1,250 megawatts of battery energy storage system capacity, together with a further 150 megawatts of solar capacity reserved for Bumiputera companies in Peninsular Malaysia. PETRA has stated that the program is expected to attract between $3.2B and $3.7B in private investment, with projects to be commissioned in phases and targeted to reach full commercial operation by December 31, 2029. As compared to previous LSS rounds, LSS6 is also the first LSS round to mandate hybrid solar-BESS development, and it translates into an engineering, procurement, construction and commissioning opportunity of comparable scale, the addressable market that Founder Energy is now tendering into.
Founder Group Ltd Trading Halted, Volatility Trading Pause
Founder Group Ltd trading halted, volatility trading pause
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