SCHEDULE: Founder Group Ltd: Beneficial Ownership Update

Thien Chiet Chai and Reservoir Link Energy Bhd report increased beneficial ownership in Founder Group Ltd Class A Shares, including convertible Class B Shares.

Summary

• Thien Chiet Chai and Reservoir Link Energy Bhd have filed a Schedule 13D to report their beneficial ownership of Founder Group Ltd Class A Shares.
• Thien Chiet Chai beneficially owns 825,980 shares (2.38% of the class), including 41,299 Class B shares convertible into Class A shares.
• Reservoir Link Energy Bhd beneficially owns 456,500 shares (4.42% of the class), including 56,500 Class A shares and 20,000 Class B shares.
• The Class B shares held by both parties are convertible into Class A shares on a one-for-one basis.
• Class B shares carry twenty votes per share, while Class A shares carry one vote per share.
• The percentages are calculated on an 'as-converted' basis, assuming all Class B shares are converted to Class A shares.
• The total number of shares on an as-converted basis is 1,731,736.
• Thien Chiet Chai received 20,000 Class B shares as a bonus on June 11, 2026, for securing contracts for solar photovoltaic plants in Malaysia.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily reporting changes in beneficial ownership and share structure without immediate financial performance indicators or strategic shifts.

Positives

• Increased beneficial ownership reported by key entities, potentially indicating confidence in the company.
• Thien Chiet Chai received bonus Class B shares for successful contract procurement, highlighting operational achievements.
• The Class B shares' higher voting power (20:1) provides significant influence for the reporting persons.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• Potential for future changes in position or plans by the Reporting Persons regarding their investment in Founder Group Ltd.
• The significant voting power of Class B shares could lead to concentrated control or influence over company decisions.

Future Outlook

The Reporting Persons may, at any time, review, reconsider and change their position and/or change their purpose and/or develop such plans and may seek to influence management or the board of directors of the Issuer with respect to the business and affairs of the Issuer and may from time to time consider pursuing or proposing such matters with advisors, the Issuer, or other persons.

Management Comments

• Thien Chiet Chai received grant of 20,000 Class B shares by the Issuer as bonus payments for successful procurement of contracts relating to engineering, procurement, construction and commissioning of multiple large scale solar photovoltaic plant in Malaysia.

Industry Context

StockSavvy.ai notes that Schedule 13D filings typically signal a significant change in beneficial ownership or a potential shift in strategic influence. The dual-class share structure, with Class B shares having superior voting rights, is a common governance feature in some markets, allowing founders or early investors to retain control even with a smaller economic stake.

Stakeholder Impact

• Shareholders: The increased beneficial ownership and significant voting power of Class B shares held by Thien Chiet Chai and Reservoir Link Energy Bhd could impact future corporate decisions and shareholder influence.
• Management and Board of Directors: The Reporting Persons may seek to influence management and the board, potentially leading to changes in company strategy or operations.

Next Steps

• Reporting Persons may seek to influence management or the board of directors of the Issuer.
• Reporting Persons may consider pursuing or proposing matters with advisors, the Issuer, or other persons.

Key Dates

Keywords

Schedule 13D, Founder Group Ltd, Beneficial Ownership, Class A Shares, Class B Shares, Thien Chiet Chai, Reservoir Link Energy Bhd, SEC Filing