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"The Board of Directors (Board) of Focus wishes to inform that as at 28 November 2025, the Company has yet to fully utilise the proceeds raised from the Rights Issue of ICPS with Warrants and the Board requires additional time to utilise the balance proceeds amounting to approximately RM7.100 million for the renovation, fixtures and fittings and working capital for the Arch (Extension of Time)." https://www.klsescreener.com/v2/announcements/view/10727101
Zombies, old and new, attacked the lower revenue, about RM13M, over the June 30 quarter, which still has a high margin of 55%. This quarter has a RM16M revenue, which means the CEO and the management team are competent, and the spirit business model serving rich clients is sound, hehe:)
When The Arch Galeries's high-class F&B brands or event halls are in full operational mode, the near future revenues will be much higher, which include rents from non-Focus shops like Oversea Restaurant.
