KUALA LUMPUR: Focus Point Holdings Bhd
has proposed to transfer its listing to the Main Market of Bursa Malaysia from ACE Market.
In a filing with Bursa Malaysia, the optical retailer said it met the requirements for the proposed transfer as set out in the equity guidelines issued by the Securities Commission and the Main Market listing requirements of Bursa Securities.
The requirements include historical profit performance, healthy financial position, and public shareholding spread. A corporation must have an uninterrupted profit of three to five full financial years based on audited financial statements, with an aggregate after-tax profit of at least RM20mil and an after-tax profit of at least RM6mil for the most recent financial year.
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