KUALA LUMPUR: Focus Point Holdings Bhd made its debut on the ACE Market of Bursa Malaysia on Monday, Aug 23 at 40 sen. This was one sen above its offer price of 39 sen per share.

At 9:01am, the stock rose to 41.5 sen with 2.12 million shares traded.

The company had earlier staged an 11th hour pullout following allegations made against the company that contact lenses prescribed and/or dispensed by personnel were not qualified to do so.

The listing was derailed due to the emergence of a complaint made to the regulators on July 23 claiming, among other things, that contact lenses were prescribed or dispensed by personnel who were not qualified to do so.

The listing exercise involved the public issue of 41.2 million new shares and offer for sale of up to 15.8 million existing shares at 20 sen each at an offer price of 39 sen.