Thursday, July 29, 2010

Focus Point cooperating with regulators to address allegations

KUALA LUMPUR: Focus Point Holdings Bhd, which deferred its listing at the 11th hour on Tuesday, July 26, said it is cooperating with the regulatory authorities to address the malicious allegations against the company.

It said on Thursday, July 29 that it believes in transparency and the cooperation with the regulators and believed that everything will be sorted out in just a matter of time.

Focus Point said the last minute deferment notice made on Tuesday morning was unavoidable as matters had only evolved past midnight.

'Prior to that, the listing ceremony was on schedule. The company wishes to take the opportunity to thank all its investors for their unwavering support and confidence towards the company,' it said.

Focus Point said the company takes priority in updating the investing public and the media on the current status of its listing as soon as it can.

'The company also wishes to assure investors that its president/CEO, Datuk Liaw Choon Liang, together with all its management staff are at work as usual, and are tending to day-to-day matters as business carries on as usual.

'All monies of the investing public are currently securely held by both the placement agent, OSK Investment Bank Bhd, as well as Malaysian Issuing House Sdn. Bhd,' it said.


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