News
Acquisition By focus Point Vision Care Group Sdn Bhd, a Wholly-owned Subsidiary of Focus Point, of A 5-storey Shop Office For Cash Consideration Of Rm3,400,000.00 ("Acquisition")
BackMay 17, 2016
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-16052016-00001 |
| Subject | ACQUISITION BY FOCUS POINT VISION CARE GROUP SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF FOCUS POINT, OF A 5-STOREY SHOP OFFICE FOR CASH CONSIDERATION OF RM3,400,000.00 ("ACQUISITION") |
| Description |
FOCUS POINT HOLDINGS BERHAD (884238-U) ("FOCUS POINT" or "THE COMPANY") ACQUISITION BY FOCUS POINT VISION CARE GROUP SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF FOCUS POINT HOLDINGS BERHAD, OF A 5-STOREY SHOP OFFICE, SITUATED AT UNIT 7 BLOCK I, JALAN PJU 1/37, DATARAN PRIMA, 47301 PETALING JAYA, SELANGOR FOR CASH CONSIDERATION OF RM3,400,000.00 (ACQUISITION) |
| Query Letter Contents |
We refer to your Company’s announcement dated 12 May 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The size of the land and amount of useable space of the 5-storey shop office. 2. The quantification of the market value of the Property 3. The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by Focus Point Vision Care Group Sdn Bhd, arising from the Acquisition. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully,
TAN YEW ENG TYE/NZ Cc : Market Surveillance Dept. , Securities Commission (via fax) |
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Further to the announcement to Bursa Malaysia Securities Berhad of 12 May 2016 in relation to the Acquisition, the Board of Directors of Focus Point wishes to provide the additional information as listed below:- 1) The size of the land and amount of useable space of the 5-storey shop office The size of the land is 118 square meter and useable space of the 5-storey shop office is 666 square meter. 2) The quantification of the market value of the Property The market value of the Property based on a variation carried out by MacReal International Sdn Bhd is RM3,400,000.00 3) The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by Focus Point Vision Care Group Sdn Bhd, arising from the Acquisition. There are no other liabilities, including contingent liabilities and guarantees to be assumed by Focus Point Vision Care Group arising from the Acquisition. This announcement is dated 17 May 2016. |
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Announcement Info
| Company Name | FOCUS POINT HOLDINGS BERHAD |
| Stock Name | FOCUSP |
| Date Announced | 17 May 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16052016-00045 |