Announcement Details/Table Section :
Reference is made to Focus Point’s Circular to Shareholders in relation to the shareholders’ mandate for RRPT of a revenue or trading nature (“Mandate”) dated 16 May 2011 (the “RRPT Circular”). The Ordinary Resolution on the Mandate was approved by the shareholders of Focus Point at the annual general meeting held on 8 June 2011.
Pursuant to Rule 10.09(2)(e) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, Focus Point wishes to announce the variation of more than 10% in the actual value of the RRPT transacted with Focus Point Vision Care Group (HP) Sdn Bhd (“Focus Point Vision Care (HP)”) from the estimated value as disclosed in the RRPT Circular as set out in Table A below.
The actual value transacted increased from the estimated value was a result of higher than expected sales at Focus Point Vision Care (HP).
Table A
| Related Party |
|
Nature of
Recurrent Related Party Transactions |
Estimated aggregate
value as disclosed in the RRPT Circular
“Estimated Value”
(RM’000) |
Actual value transacted from
8 June 2011 to 31 May 2012
“Actual Value”
(RM’000) |
% of variance of Actual Value from
Estimated Value |
| Focus Point Group |
Related Party |
|
|
|
|
| Focus Point Vision Care Group Sdn Bhd ("FPVCG") |
Focus Point Vision Care (HP)
Focus Point Vision Care (HP) is a 35%-owned associate of FPVCG
|
Sales of eyewear and eye care products to Focus Point Vision Care (HP) |
1,360 |
1,519 |
11.7% |
This announcement is dated 20 June 2012.
|
