Statement by FOCUS Point

Focus Point Holdings Bhd had been notified by the regulatory authorities and its principal adviser OSK Investment Bank Berhad on the evening of last Friday, July 23, 2010, that a letter from an unidentified source had been sent to the authorities on three points of allegations, being:

(i) Some of the company’s professional eye care centres do not have either a qualified optometrist or optician;

(ii) There are instances at some of the company’s professional eye care centres whereby contact lenses are prescribed and/or dispensed by personnel who are not qualified to do so;

(iii) As stated in the company’s prospectus dated June 30, 2010, there are only 27 units of K-meters keratometers, compared to the number of professional eye care centres operated by the Focus Point group.

The company had subsequently responded to the allegations on the morning of Monday, 26 July 2010:

• As at June 1, 2010, all the 144 professional eye care centres of the Focus Point Group are adequately serviced by 152 optometrists and opticians.

• All sales of contact lenses that require fresh prescriptions are carried out in the presence of a qualified optometrist or optician, who will provide the prescription. Contact lenses will only be prescribed or dispensed in Focus Point professional eye care centres which have either a qualified optician or optometrist.

• All professional eye care centres under the Focus Point group have all the necessary optical equipment required to carry on its operations.


This article appeared in The Edge Financial Daily, July 28, 2010.