Kuala Lumpur, 20 December 2017,
Focus Point Holdings Bhd has appointed Kelvin Liaw Kai Xuan as executive director (ED) of the loss-making optical group effective immediately.
Liaw, 25, is the son of Focus Point’s founder, president and chief executive officer (CEO) Datuk Liaw Choon Liang and ED Datin Joyce Goh Poi Eong, who are both substantial shareholders of the group.
In a filing with Bursa Malaysia today, Focus Point said Liaw has been exposed to the optical industry since young and worked as a sales assistant within the group’s optical outlets at the age of 20.
He joined the group on Oct 1, 2014, assuming the role of marketing for the food and beverage business. He is currently the executive assistant to the president and CEO, involved in group marketing, as well as operation planning and execution.
Focus Point’s net loss narrowed to RM1.39 million in the nine months ended Sept 30, 2017 (9MFY17) from RM2.25 million a year ago, on lower operating loss from its F&B segment. Revenue rose slightly to RM122.17 million in 9MFY17 from RM121.29 million in 9MFY16.
Focus Point shares were untraded today. The counter last traded at 19 sen per share on Dec 5, 2017, with a market capitalisation of RM31.35 million.
Read more at : http://www.theedgemarkets.com/article/focus-point-appoints-founders-son-executive-director