Datuk Liaw Choon Liang more than anyone else is more determined to make Focus Point brace for the challenges ahead due to the company having to defer its initial listing.
“The recent allegations against Focus Point has not damaged our reputation nor affected our company’s business performance as we are still on track for all our projections. However, it did serve as a lesson which will hold us in good stead for the future,” added Liaw as reported in The Star on 23 August.
The company’s stock opened higher yesterday at 40 sen, a 1 sen premium to its offer price. However, by mid-morning it had dropped below its offer price and closed at a low of 35.5 sen, with 92.5 million stocks changing hands.
When queried on how recent events will affect the company’s share price, Liaw chose to focus on the positives.
The initial listing of Focus Point Holdings Bhd was scheduled for July 27, however last minute allegations forced the company to defer its listing on the day itself. However, the company refuted the allegations.
Focus Point announced yesterday that it would aggressively recruit more opticians and optometrists in line with its policy to expand to 200 shops locally by the end of 2011.
