Focus Point president and chief executive officer Datuk Liaw Choon Liang said the transfer will further strengthen the group’s credibility among its customers, suppliers, business associates, employees and shareholders, and further strengthen its shareholder base, especially among institutional investors.
PETALING JAYA: Focus Point Holdings Bhd
has successfully transferred its entire issued share capital to the Main Market of Bursa Malaysia from the ACE Market.
The leading optical and food and beverage (F&B) operator said the transfer demonstrated its financial strength, as it had satisfied the profit track record as well as the financial position and liquidity requirements for a transfer to the Main Market.
“The transfer marks a major milestone for the group subsequent to its listing on the ACE Market on Aug 23, 2010,” it said in a statement yesterday.
RHB Investment Bank Bhd is the principal adviser for the transfer exercise.
Since starting off with just one Focus Point outlet in Muar, Johor, in 1989, the group has grown to be a leading optical player in the market.
Additionally, in 2012, it diversified into the F&B business, as it started its first Japanese concept bakery outlet called Komugi, in Kuala Lumpur.
Then, in 2019, the group 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, Selangor, and the expansion of its licensed Komugi outlets overseas.
Currently, the group has 186 owned and franchised optical outlets and 32 owned and franchised Komugi outlets in Malaysia, the Philippines and Brunei.
Commenting on the achievement, president and chief executive officer Datuk Liaw Choon Liang said the transfer will further strengthen the group’s credibility among its customers, suppliers, business associates, employees and shareholders; and further strengthen its shareholder base, especially among institutional investors.
“We plan to continue expanding 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,” he said.
