Founder Group Limited Announces 100 for 1 Share Combination

Founder Group Limited announced a 100 for 1 share consolidation, effective September 1, 2026. This move aims to comply with Nasdaq Listing Rule 5550(a)(2) and maintain the company's listing on the Nasdaq Capital Market. Following the consolidation, the number of issued and outstanding Class A shares will be approximately 73,693, and Class B shares will be approximately 1,865. Each shareholder holding fractional shares will have their holdings rounded up to the nearest whole number. The company, a provider of EPCC solutions for solar PV facilities in Malaysia, stated that this is to ensure continued listing on Nasdaq.