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Proposed Acquisitions by a wholly-owned subsidiary of Focus Point, Focus Point Vision Care Group Sdn Bhd ("Focus Point Vision Care"), of the business and assets of (i) Imperial Optics (K.K.) Sdn Bhd and (ii) One Borneo Optics Sdn Bhd

BackDec 15, 2010
Date Announced
:
 15/12/2010  

 

Admission Sponsor
:
 OSK Investment Bank Bhd
Sponsor
:
 Same as above

 

Type
:
 Announcement
Subject
:
Proposed Acquisitions by a wholly-owned subsidiary of Focus Point, Focus Point Vision Care Group Sdn Bhd (“Focus Point Vision Care”), of the business and assets of (i) Imperial Optics (K.K.) Sdn Bhd and (ii) One Borneo Optics Sdn Bhd

Contents
:
We refer to the Company’s announcements dated 9 December 2010 and 13 December 2010 with regards to the Proposed Acquisitions. The definitions referred to herein shall have the same meaning as defined in the earlier announcements.

The Board wishes to announce that Focus Point Vision Care and One Borneo had, on 15 December 2010, mutually agreed to delete clause 14.1 of Agreement 2 via an exchange of letters. As such, paragraph 3.2.3 of the Company’s announcement dated 9 December 2010 should be deleted and the following inserted in its place:

“3.2.3 It is acknowledged that the Part Balance Purchase Consideration is given to Toh Beng Teck as capital to operate One Borneo Optics Outlet.”

The announcement is dated 15 December 2010.

Announcement Details :