Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia [1][5] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [5] Acquisition Details - Founder Group plans to acquire approximately 80% of VES 1 Joint Stock Company (VES1), a subsidiary of VES Joint Stock Company, which specializes in solar and wind power solutions in Vietnam [2] - VES1 is involved in several solar energy projects, including solar rooftop projects with a combined capacity of 5.6MWp, and has secured rights for future expansions totaling 50MWp and 58MWp installations with energy storage [2] Market Potential - Vietnam's strategic energy development plan aims for a renewable energy share of 15-20% in the overall primary energy mix by 2030, with a long-term goal of 80-85% by 2050 [3] - The solar energy systems market in Vietnam is projected to generate US$12.4 billion in revenue by 2030, with a compound annual growth rate (CAGR) of 16% from 2023 to 2030 [3] Strategic Importance - The acquisition enhances Founder Group's position in the renewable energy sector and provides exclusive access to key opportunities in rooftop solar and energy storage projects in Vietnam for the next three years [2][4] - The collaboration is expected to contribute significantly to Vietnam's strategic energy development plan and advance sustainable energy solutions [4][8]

Core Insights - Founder Group Limited is focusing on expanding its Corporate Green Power Programme (CGPP) with a projected compound annual growth rate (CAGR) of 23.5% by 2026 [1] - The company is actively involved in the ASEAN Energy Database System, aiming for a 20% increase in green energy initiatives by 2025, compared to just 2% in 2018 [1] Group 1 - Founder Group Limited is engaged in the energy sector, specifically in green technology financing schemes, indicating a commitment to sustainable energy solutions [1] - The company has launched the SolaRIS initiative, which is part of its efforts to enhance its renewable energy portfolio [1] - The projected growth in the Corporate Green Power Programme highlights the company's strategic focus on renewable energy and sustainability [1] Group 2 - The company is leveraging its expertise in energy project management and engineering, procurement, and construction (EPCC) to drive its green energy initiatives [1] - Founder Group Limited's efforts align with regional goals for energy sustainability and environmental responsibility within the ASEAN region [1] - The emphasis on green technology financing reflects a broader industry trend towards sustainable investment practices [1]

Company Overview - Founder Group Limited is a pure-play, end-to-end engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia [1][4] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [4] Recent Developments - Founder Group has received several Letters of Award (LOAs) for multiple large-scale solar projects, with a combined contract value of approximately US$5.5 million (about RM22.5 million) [1][2] - Under the LOAs, Founder Energy will provide full EPCC services, including the supply and installation of DC and AC electrical systems, Instrumentation & Control (I&C) systems, and civil works [2] Industry Insights - Malaysia's solar EPCC services industry is projected to reach approximately US$350 million (about RM1.5 billion) by 2026, with a compound annual growth rate (CAGR) of 23.5% [3] - The growth is driven by Malaysia's commitment to renewable energy, aiming for a 20% renewable energy mix by 2025, up from just 2% in 2018 [3] - Initiatives such as the Green Technology Financing Scheme and the Solar for Rakyat Incentive Scheme (SolaRIS) are expected to further accelerate the adoption of solar energy in the residential sector [3]

雪兰莪，马来西亚, Nov. 02, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited（简称“FGL”或“公司”）是马来西亚领先的太阳能光伏系统工程、采购、建设和调试 (EPCC) 解决方案供应商，今日宣布其子公司 Founder Energy Sdn Bhd 已获得一份合同，为马来西亚一家高等教育机构开发太阳能发电系统。 该合同涵盖了现场太阳能光伏 (PV) 系统的全面开发、设计、安装、建设和调试，以满足该机构的发电和用电需求。 该项目价值约为 380 万美元，预计将在九个月内完工。 Founder Group Limited 董事长兼首席执行官 Lee Seng Chi 先生表示：“我们非常高兴地宣布获得这一重要合同，这凸显了市场对我们定制太阳能解决方案的需求。 该项目符合马来西亚的国家能源政策，该政策旨在到 2050 年将可再生能源装机容量从当前的 25% 提升至 70%。 政府致力于扩大可再生能源，这为我们公司带来了显著的发展机遇。 我们已做好准备，为实现这一国家议程贡献力量，随着我们在东南亚业务的不断扩展，预计将在未来几个季度宣布更多 EPCC 太阳能光伏 ...

, Oct. 26, 2024 (GLOBE NEWSWIRE) -- (EPCC) Founder Group Limited ("FGL""") 1,218,750 ("") 4.00 487.5 () 2024 10 23 "FGL" US Tiger Securities, Inc. ("US Tiger") Hunter Taubman Fischer & Li LLC Sichenzia Ross Ference Carmel LLP US Tiger F-1 (333-281167) ("SEC") 2024 9 30 SEC http://www.sec.gov US Tiger Securities, Inc. 437 Madison Avenue, 27th Floor, New York, New York 10022+1 646-978-5188 Founder Group Limited Founder Group Limited (PV) (EPCC) (C&I) https://www.founderenergy.com.my/ ( F-1 "") """"""""""""""" ...

, Oct. 24, 2024 (GLOBE NEWSWIRE) -- (EPCC) Founder Group Limited "FGL" "" 1,218,750 "" 4.00 487.5 45 "" 182,813 2024 10 23 "FGL" 2024 10 24 US Tiger Securities, Inc. "US Tiger" Hunter Taubman Fischer & Li LLC Sichenzia Ross Ference Carmel LLP US Tiger F-1 333-281167 "SEC" 2024 9 30 SEC http://www.sec.gov US Tiger Securities, Inc. 437 Madison Avenue, 27th Floor, New York, New York 10022+1 646-978-5188 Founder Group Limited Founder Group Limited (PV) (EPCC) (C&I) https://www.founderenergy.com.my/ F-1 "" """"" ...