Reservoir Link Energy Bhd disclosed a 4.42% stake in Founder Group Ltd’s Class A shares in a Schedule 13D filing. The filing, accepted on Jul. 20, 2026, follows a 100-for-1 reverse split in February and a June grant of Class B shares to director Thien Chiet Chai. The position sits within a dual-class structure where Class B carries 20 votes per share and can convert one-for-one into Class A.
Investor Intent
Reservoir Link Energy Bhd states it has "no present plans or proposals" for transactions such as mergers, asset sales, or board changes. The group says it "may seek to influence management or the board of directors" over time and could change its stance as it reviews Founder Group Ltd’s business and prospects.
Investor's Background
Reservoir Link Energy Bhd is a Malaysian energy services company that supports upstream operations and is expanding into renewable projects. The firm has added solar and EPC capabilities alongside its traditional well services. Executive director Thien Chiet Chai, who also serves as a non-executive director of Founder Group Ltd, helps guide this diversification.
Original SEC Filing:
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