Founder Group Secures Additional Contracts Valued At $1.5M With Solar Installation Companies In Malaysia

Benzinga·06/11/2025 12:06:39

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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 responsible for the mechanical and wiring of the facility.

Further, the Company secured an additional contract valued at RM2.8 million (approximately US$662,452) from the same business that Founder Group contracted with on a previous solar PV project deal which was announced earlier in the year. The business that the Company contracted with has a solid track record in the industry focusing in investment of renewable energy assets throughout Malaysia.

This partnership with two prominent industry players will be a construction contract that is expected to be completed this year. Founder Group has secured contracts with this solar installation company for similar types of facilities and expects additional contracts from them over the next few years.

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