Lembaga Tabung Haji (TH) has become a substantial shareholder in Focus Point Holdings Bhd after increasing its stake in the optical retail chain operator through the acquisition of additional shares.
In a filing with Bursa Malaysia, Focus Point said TH acquired 570,000 ordinary shares on July 21, raising its direct interest in the company from 4.96% to 5.056%.
Following the acquisition, TH now holds a total of 31.078 million ordinary shares in Focus Point, officially crossing the 5% threshold required to be recognised as a substantial shareholder.
The company noted that the shareholding percentage excludes 1.34 million ordinary shares that have been bought back by Focus Point and retained as treasury shares.
Of TH’s total shareholding, 23.18 million shares are registered directly under Lembaga Tabung Haji, while the remaining 7.898 million shares, including the newly acquired 570,000 shares, are held through Citigroup Nominees (Tempatan) Sdn Bhd – Lembaga Tabung Haji (Eastspring).
The latest acquisition strengthens TH’s investment position in Focus Point, one of Malaysia’s leading optical retail chains, as the pilgrim fund continues to diversify its investment portfolio through strategic holdings in Bursa Malaysia-listed companies.
