Focus Point Holdings Berhad has officially transferred its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad.
The transfer entails the Company’s issued share capital of 329,999,477 ordinary shares in Focus Point. The transfer marks a major milestone for the Company subsequent to its listing on the ACE Market of Bursa Securities on 23 August 2010.
From humble beginnings when the Group opened its very first Focus Point outlet in Muar, Johor back in 1989, the Group has grown to become a leading optical player and Food and beverage operator in the market. In 2012, the Group ventured into the Food and Beverage (F&B) business and started its first Japanese concept bakery outlet – “Komugi” in Kuala Lumpur. In 2019, the Group has expanded beyond the bakery retail business to include the supply of pastry products to large corporate customers supported by its Halal-certified central kitchen in Kota Damansara and the expansion of its licenced Komugi outlets in overseas markets. Currently, the Group has a total of 186 owned and franchised optical outlets and 32 owned and franchised Komugi outlets in the region of Malaysia, the Philippines and Brunei.
“The transfer will further strengthen our Group’s credibility among our customers, suppliers, business associates, employees and shareholders, and further strengthen the shareholder base of our company, especially amongst institutional investors. We plan to continue to expand our presence locally and regionally by embarking on effective marketing and promotional activities as well as through the expansion of new optical and Komugi outlets. Our commitment in steering Focus Point for long-term growth and sustainability development shows our dedication in delivering outstanding results to all our stakeholders,” stated Dato’ Liaw Choon Liang, the President/Chief Executive Officer.
Focus Point posted a record total revenue of RM180.4 million and a net profit after tax of RM 25.4 million for 9MFY22, representing a remarkable increase of 69% and 434% YoY respectively. The revenue and net profit after tax were higher mainly due to higher sales from both its optical and F&B businesses.
