News

The Board of Directors of Focus Point wishes to announce that Focus Point has incorporated a new wholly-owned subsidiary namely, Excellent Reward Japanese Restaurants Sdn. Bhd. ("ERJRSB") on 18 July 2014.

The initial authorised capital of ERJRSB is RM400,000/- divided into 400,000 ordinary shares of RM1.00 each and paid up capital is RM2.00 divided into 2 ordinary shares of RM1.00 each.

The intended principal activity of ERJRSB is to carry on the business of providing Japanese food and beverages services.

The incorporation of ERJRSB would not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of Focus Point and are not expected to have any material impact on the earnings and net assets of Focus Point Group for the financial year ending 31 December 2014.

None of the Directors or major shareholders of the Company or persons connected with them has any direct or indirect interest in the incorporation of ERJRSB.

This announcement is dated 18 July 2014.