{"success":true,"data":{"pressRelease":{"id":"133888","rtpr_id":"nGNX9p31CP","ticker":"FGL","exchange":"NASDAQ","all_tickers":["FGL"],"title":"Founder Group Targets Malaysia’s RM13–15 billion (approximately US$3.2 billion and US$3.7 billion) LSS6 National Solar Programme, Positioning for Multi-Year Order Book Growth Through 2029","author":"Globe Newswire","published_at":"2026-09-02T12:30:00.486Z","article_body":"KUALA LUMPUR, Malaysia, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Founder Group\nLimited (‘Founder Group’ or the ‘Company’) (NASDAQ: FGL) announced\ntoday that its subsidiary, Founder Energy Sdn. Bhd. (‘Founder Energy’), is\nactively tendering for projects under the Large-Scale Solar 6 (“LSS6”)\nprogramme, Malaysia’s largest-ever utility-scale solar tender. The Company\nbelieves LSS6 represents a multi-year growth opportunity that could\nprogressively expand its order book from the current tender period through the\nprogramme’s targeted commercial operation date of December 31, 2029.\n\nLSS6: Malaysia’s Largest Utility-Scale Solar Programme\n\nThe Ministry of Energy Transition and Water Transformation (PETRA) launched\nLSS6 in July 2026, offering a total quota of 2,500 megawatts (MW) of solar\ncapacity paired with 1,250MW of battery energy storage system (BESS) capacity,\ntogether with a further 150MW of solar capacity reserved for Bumiputera\ncompanies in Peninsular Malaysia. PETRA has stated that the programme is\nexpected to attract between RM13 billion and RM15 billion (between US$3.2\nbillion and US$3.7 billion) in private investment, with projects to be\ncommissioned in phases and targeted to reach full commercial operation by\nDecember 31, 2029. As compared to previous LSS rounds, LSS6 is also the first\nLSS round to mandate hybrid solar-BESS development, and it translates into an\nengineering, procurement, construction and commissioning (EPCC) opportunity of\ncomparable scale, the addressable market that Founder Energy is now tendering\ninto.\n\nFounder Energy’s Service Capabilities: Full-Suite EPCC & AI-Powered O&M\n\nFounder Energy’s end-to-end EPCC capability is well matched to the LSS6’s\nscale, phased build-out, and multi-year construction runway, and the Company\nexpects to see its order book growth progressively between now and the\nprogramme’s targeted commercial operation date as tender awards and\nconstruction packages are officially commerced.\n\nSince inception, Founder Energy has been involved in over 70 solar EPCC and\nsub-EPCC projects across Peninsular Malaysia, spanning most of the phases of\nthe government’s LSS programme since 2016, the Corporate Green Power\nProgramme (CGPP), independent power producer (IPP) and Self-Consumption\n(SELCO) schemes, floating solar, and commercial and industrial (C&I) rooftop\ninstallations. Across its completed and on-going project base, Founder Energy\nhas delivered work on facilities representing a combined total of over 1GWp\nof DC solar capacity, with an aggregate contract value of approximately RM520\nmillion (US$128.6 million). Founder Group’s demonstrated ability to secure\nboth direct EPCC awards, and sub-EPCC packages alongside established industry\nparticipants is a core competitive strength that it intends to leverage in\npursuing LSS6 opportunities.\n\nBeyond EPCC delivery, Founder Group also provides long-term asset lifecycle\nmanagement. The Company integrates the proprietary AI-driven Operations &\nMaintenance (O&M) technologies. With LSS6 the first LSS round to mandate\nintegrated BESS and a 2029 commercial operation horizon spanning decades of\nsubsequent operation, the Company believes this O&M capability also positions\nit to capture recurring, long duration revenue that extends well beyond the\nconstruction phase into long-term asset management, complementing the\nproject-based EPCC order book with a recurring, longer tail revenue stream.\n\nCEO Commentary\n\n“LSS6 is the largest solar tender Malaysia has ever launched, and it plays\ndirectly to our strengths as a full-capability EPCC provider. We are already\nactive in the market, and our existing collaboration with leading Malaysian\nand International Solar companies who are best positioned to win LSS6 packages\nwill directly benefit us through awards to be made over the next four years.\nBetween these four years until LSS6 commissioned at the end of 2029, we are\ngoing to see us replenish our order book with new contracts and grow the\nbusiness substantially,” said Lee Seng Chi, chief executive officer of\nFounder Group Limited.\n\nAbout Founder Group Limited\n\nFounder Group Limited is a pure-play, end-to-end EPCC solutions provider for\nsolar PV facilities in Malaysia. The company’s primary focus is on two key\nsegments: large-scale solar projects and commercial and industrial (C&I) solar\nprojects. The company’s mission is to provide customers with innovative\nsolar installation services, promote eco-friendly resources and achieve carbon\nneutrality.\n\nFor more information on the Company, please\nvisit https://www.founderenergy.com.my/.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements that reflect our\ncurrent expectations and views of future events. Known and unknown risks,\nuncertainties and other factors, including those listed under “Risk\nFactors” in the Company’s filings with the U.S. Securities and Exchange\nCommission, may cause our actual results, performance or achievements to be\nmaterially different from those expressed or implied by the forward-looking\nstatements. You can identify some of these forward-looking statements by words\nor phrases such as “may,” “will,” “expect,” “anticipate,”\n“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are\nlikely to,” “potential,” “continue” or other similar expressions. We\nhave based these forward-looking statements largely on our current\nexpectations and projections about future events that we believe may affect\nour financial condition, results of operations, business strategy and\nfinancial needs. These forward-looking statements involve various risks and\nuncertainties. Except as required by law, we undertake no obligation to update\nor revise publicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise, after the date on which the\nstatements are made or to reflect the occurrence of unanticipated events. We\nqualify all of our forward-looking statements by these cautionary statements.\n\nCONTACT INFORMATION:\n\nFor media queries, please contact:\n\nFounder Group Limited\ninfo@founderenergy.com.my\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/84b31ae8-6045-412f-92fe-527b86872248)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9p31CP","title":"Founder Group Targets Malaysia’s RM13–15 billion (approximately US$3.2 billion and US$3.7 billion) LSS6 National Solar Programme, Positioning for Multi-Year Order Book Growth Through 2029","author":"Globe Newswire","ticker":"FGL","created":"2026-09-02T12:30:00.486Z","tickers":["FGL"],"exchange":"NASDAQ","article_body":"KUALA LUMPUR, Malaysia, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Founder Group\nLimited (‘Founder Group’ or the ‘Company’) (NASDAQ: FGL) announced\ntoday that its subsidiary, Founder Energy Sdn. Bhd. (‘Founder Energy’), is\nactively tendering for projects under the Large-Scale Solar 6 (“LSS6”)\nprogramme, Malaysia’s largest-ever utility-scale solar tender. The Company\nbelieves LSS6 represents a multi-year growth opportunity that could\nprogressively expand its order book from the current tender period through the\nprogramme’s targeted commercial operation date of December 31, 2029.\n\nLSS6: Malaysia’s Largest Utility-Scale Solar Programme\n\nThe Ministry of Energy Transition and Water Transformation (PETRA) launched\nLSS6 in July 2026, offering a total quota of 2,500 megawatts (MW) of solar\ncapacity paired with 1,250MW of battery energy storage system (BESS) capacity,\ntogether with a further 150MW of solar capacity reserved for Bumiputera\ncompanies in Peninsular Malaysia. PETRA has stated that the programme is\nexpected to attract between RM13 billion and RM15 billion (between US$3.2\nbillion and US$3.7 billion) in private investment, with projects to be\ncommissioned in phases and targeted to reach full commercial operation by\nDecember 31, 2029. As compared to previous LSS rounds, LSS6 is also the first\nLSS round to mandate hybrid solar-BESS development, and it translates into an\nengineering, procurement, construction and commissioning (EPCC) opportunity of\ncomparable scale, the addressable market that Founder Energy is now tendering\ninto.\n\nFounder Energy’s Service Capabilities: Full-Suite EPCC & AI-Powered O&M\n\nFounder Energy’s end-to-end EPCC capability is well matched to the LSS6’s\nscale, phased build-out, and multi-year construction runway, and the Company\nexpects to see its order book growth progressively between now and the\nprogramme’s targeted commercial operation date as tender awards and\nconstruction packages are officially commerced.\n\nSince inception, Founder Energy has been involved in over 70 solar EPCC and\nsub-EPCC projects across Peninsular Malaysia, spanning most of the phases of\nthe government’s LSS programme since 2016, the Corporate Green Power\nProgramme (CGPP), independent power producer (IPP) and Self-Consumption\n(SELCO) schemes, floating solar, and commercial and industrial (C&I) rooftop\ninstallations. Across its completed and on-going project base, Founder Energy\nhas delivered work on facilities representing a combined total of over 1GWp\nof DC solar capacity, with an aggregate contract value of approximately RM520\nmillion (US$128.6 million). Founder Group’s demonstrated ability to secure\nboth direct EPCC awards, and sub-EPCC packages alongside established industry\nparticipants is a core competitive strength that it intends to leverage in\npursuing LSS6 opportunities.\n\nBeyond EPCC delivery, Founder Group also provides long-term asset lifecycle\nmanagement. The Company integrates the proprietary AI-driven Operations &\nMaintenance (O&M) technologies. With LSS6 the first LSS round to mandate\nintegrated BESS and a 2029 commercial operation horizon spanning decades of\nsubsequent operation, the Company believes this O&M capability also positions\nit to capture recurring, long duration revenue that extends well beyond the\nconstruction phase into long-term asset management, complementing the\nproject-based EPCC order book with a recurring, longer tail revenue stream.\n\nCEO Commentary\n\n“LSS6 is the largest solar tender Malaysia has ever launched, and it plays\ndirectly to our strengths as a full-capability EPCC provider. We are already\nactive in the market, and our existing collaboration with leading Malaysian\nand International Solar companies who are best positioned to win LSS6 packages\nwill directly benefit us through awards to be made over the next four years.\nBetween these four years until LSS6 commissioned at the end of 2029, we are\ngoing to see us replenish our order book with new contracts and grow the\nbusiness substantially,” said Lee Seng Chi, chief executive officer of\nFounder Group Limited.\n\nAbout Founder Group Limited\n\nFounder Group Limited is a pure-play, end-to-end EPCC solutions provider for\nsolar PV facilities in Malaysia. The company’s primary focus is on two key\nsegments: large-scale solar projects and commercial and industrial (C&I) solar\nprojects. The company’s mission is to provide customers with innovative\nsolar installation services, promote eco-friendly resources and achieve carbon\nneutrality.\n\nFor more information on the Company, please\nvisit https://www.founderenergy.com.my/.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements that reflect our\ncurrent expectations and views of future events. Known and unknown risks,\nuncertainties and other factors, including those listed under “Risk\nFactors” in the Company’s filings with the U.S. Securities and Exchange\nCommission, may cause our actual results, performance or achievements to be\nmaterially different from those expressed or implied by the forward-looking\nstatements. You can identify some of these forward-looking statements by words\nor phrases such as “may,” “will,” “expect,” “anticipate,”\n“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are\nlikely to,” “potential,” “continue” or other similar expressions. We\nhave based these forward-looking statements largely on our current\nexpectations and projections about future events that we believe may affect\nour financial condition, results of operations, business strategy and\nfinancial needs. These forward-looking statements involve various risks and\nuncertainties. Except as required by law, we undertake no obligation to update\nor revise publicly any forward-looking statements, whether as a result of new\ninformation, future events or otherwise, after the date on which the\nstatements are made or to reflect the occurrence of unanticipated events. We\nqualify all of our forward-looking statements by these cautionary statements.\n\nCONTACT INFORMATION:\n\nFor media queries, please contact:\n\nFounder Group Limited\ninfo@founderenergy.com.my\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/84b31ae8-6045-412f-92fe-527b86872248)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-02T12:30:00.539938836Z","server_sent_at_ms":1788352200539},"received_at":"2026-09-02T12:30:00.641Z","source_url":"https://www.globenewswire.com/news-release/2026/09/02/3355145/0/en/founder-group-targets-malaysia-s-rm13-15-billion-approximately-us-3-2-billion-and-us-3-7-billion-lss6-national-solar-programme-positioning-for-multi-year-order-book-growth-through-.html"},"analysis":{"id":"122779","press_release_id":"133888","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":["No LSS6 contract award secured - revenue impact is entirely prospective and contingent on future tender outcomes","Promotional framing: cumulative delivered contract base is only ~RM520 million versus the RM13-15 billion programme the release positions as its opportunity","Order-book growth claim relies on unnamed 'existing collaboration' partners winning LSS6 packages; no partners or contracts identified","Heavy reliance on forward-looking statements with no near-term financial commitments disclosed"],"eventType":"operations_update","narrative":"Founder Group's subsidiary Founder Energy is actively tendering for projects under Malaysia's Large-Scale Solar 6 (LSS6) programme, the country's largest-ever utility-scale solar tender, offering 2,500MW of solar quota plus 1,250MW of battery storage and a 150MW Bumiputera reserve.\n\nThe energy ministry PETRA expects RM13-15 billion (roughly US$3.2-3.7 billion) of private investment into LSS6, with full commercial operation targeted by December 31, 2029, and management frames the four-year award window as a multi-year order-book growth runway.\n\nFounder Energy brings a track record of more than 70 solar EPCC and sub-EPCC projects, over 1GWp of DC capacity delivered, and approximately RM520 million (US$128.6 million) in aggregate contract value, and it argues LSS6's mandated solar-plus-storage design also supports long-duration AI-driven O&M revenue.\n\nNo LSS6 award has been secured and the release is promotional in tone, so the thesis hinges on winning packages alongside unnamed collaborators over the next four years rather than on any contracted revenue today.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Promotional tender-positioning release with no award secured - suppress now and flag for follow-up when actual LSS6 contract wins are announced."},"keyFigures":{"customDimensions":{"lss6_bess_quota_mw":1250,"lss6_programme_cod":"December 31, 2029","lss6_solar_quota_mw":2500,"lss6_investment_range":"RM13 billion-RM15 billion (US$3.2 billion-US$3.7 billion)","track_record_capacity":"over 1GWp of DC solar capacity","track_record_projects":"over 70 solar EPCC and sub-EPCC projects","lss6_bumiputera_reserve_mw":150,"track_record_contract_value":"approximately RM520 million (US$128.6 million)"}},"quotedText":"LSS6 is the largest solar tender Malaysia has ever launched","namedEntities":{"people":[{"name":"Lee Seng Chi","role":"CEO of Founder Group Limited"}],"products":[],"companies":[{"name":"Founder Group Limited","ticker":"FGL","relationship":"filer"},{"name":"Founder Energy Sdn. Bhd.","relationship":"subsidiary tendering into LSS6"},{"name":"Ministry of Energy Transition and Water Transformation (PETRA)","relationship":"government programme authority"}],"dollarAmounts":[{"amount":"RM13 billion","context":"low end of expected private investment in LSS6 programme"},{"amount":"RM15 billion","context":"high end of expected private investment in LSS6 programme"},{"amount":"US$3.2 billion","context":"USD equivalent, low end of expected LSS6 private investment"},{"amount":"US$3.7 billion","context":"USD equivalent, high end of expected LSS6 private investment"},{"amount":"RM520 million","context":"aggregate contract value of Founder Energy's completed and ongoing project base"},{"amount":"US$128.6 million","context":"USD equivalent of aggregate contract value of delivered project base"}]},"materialImpact":{"score":2,"reasoning":"Issuer-authored positioning update: Founder Energy is actively tendering into Malaysia's largest-ever solar tender (LSS6, RM13-15B addressable), but no award, backlog, or contracted revenue has been secured. The opportunity is large and multi-year yet entirely prospective, warranting a modest 2 on materiality."},"tickerRelevance":{"others":[],"primary":"FGL"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"tender positioning without award","sectorWeight":"renewables EPC services","issuerAuthored":true,"trackRecordScale":"RM520 million cumulative contract value","promotionalRelease":true}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Founder Group's subsidiary Founder Energy is actively tendering for projects under Malaysia's Large-Scale Solar 6 (LSS6) programme, the country's largest-ever utility-scale solar tender, offering 2,500MW of solar quota plus 1,250MW of battery storage and a 150MW Bumiputera reserve.\n\nThe energy ministry PETRA expects RM13-15 billion (roughly US$3.2-3.7 billion) of private investment into LSS6, with full commercial operation targeted by December 31, 2029, and management frames the four-year award window as a multi-year order-book growth runway.\n\nFounder Energy brings a track record of more than 70 solar EPCC and sub-EPCC projects, over 1GWp of DC capacity delivered, and approximately RM520 million (US$128.6 million) in aggregate contract value, and it argues LSS6's mandated solar-plus-storage design also supports long-duration AI-driven O&M revenue.\n\nNo LSS6 award has been secured and the release is promotional in tone, so the thesis hinges on winning packages alongside unnamed collaborators over the next four years rather than on any contracted revenue today.","key_figures":{"customDimensions":{"lss6_bess_quota_mw":1250,"lss6_programme_cod":"December 31, 2029","lss6_solar_quota_mw":2500,"lss6_investment_range":"RM13 billion-RM15 billion (US$3.2 billion-US$3.7 billion)","track_record_capacity":"over 1GWp of DC solar capacity","track_record_projects":"over 70 solar EPCC and sub-EPCC projects","lss6_bumiputera_reserve_mw":150,"track_record_contract_value":"approximately RM520 million (US$128.6 million)"}},"named_entities":{"people":[{"name":"Lee Seng Chi","role":"CEO of Founder Group Limited"}],"products":[],"companies":[{"name":"Founder Group Limited","ticker":"FGL","relationship":"filer"},{"name":"Founder Energy Sdn. Bhd.","relationship":"subsidiary tendering into LSS6"},{"name":"Ministry of Energy Transition and Water Transformation (PETRA)","relationship":"government programme authority"}],"dollarAmounts":[{"amount":"RM13 billion","context":"low end of expected private investment in LSS6 programme"},{"amount":"RM15 billion","context":"high end of expected private investment in LSS6 programme"},{"amount":"US$3.2 billion","context":"USD equivalent, low end of expected LSS6 private investment"},{"amount":"US$3.7 billion","context":"USD equivalent, high end of expected LSS6 private investment"},{"amount":"RM520 million","context":"aggregate contract value of Founder Energy's completed and ongoing project base"},{"amount":"US$128.6 million","context":"USD equivalent of aggregate contract value of delivered project base"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T14:53:27.017Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"micro-cap","eventGravity":"tender positioning without award","sectorWeight":"renewables EPC services","issuerAuthored":true,"trackRecordScale":"RM520 million cumulative contract value","promotionalRelease":true}},"durationMs":188676,"modelName":"glm-4.7"}}