KLCI extends gains as global markets rise
Petrofac gets RM220m Carigali refurbishment job
Bursa Malaysia Derivatives launches revamped options on index futures
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April inflation seen at 2.1% y-o-y, matches March level
Suaram slams prosecution of opposition leaders involved in Bersih rally
Categories
| Unsold ASM units open to all Malaysians from July 21 |
| Business & Market 2009 | |||
| Written by Gan Yen Kuan | |||
| Wednesday, 15 July 2009 14:51 | |||
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These unsold units are part of the 3.33 billion additional ASM units announced on April 20. Of the 3.33 billion units, 50% was allocated for bumiputras, 30% for Chinese, 15% for Indians and the remaining 5% for other races. "PNB had placed the quota for a period of three months in an effort to promote this fund to all races and to diversify investors' profile. We think this three-month period was sufficient to enable all to invest," PNB's president and group chief executive Tan Sri Hamad Kama Piah Che Othman said at a media briefing here on July 15. "The quotas for Chinese and Indian had been fully taken up. But beginning July 21, those who want to invest more can do so," he added. To ensure fair distribution to the investing public, each investor will be allowed to buy maximum 20,000 ASM units from July 21 to 27. The investment limit will be void after July 27. The purchase of ASM units will be on a first come first serve basis. ASM is an equity-income fund launched in 2000 with a fund size of two billion units, which were fully subscribed in 21 days. Since its introduction, ASM had offered six additional launches with total units of 7.63 billion. On the upcoming Amanah Saham 1Malaysia new fund announced by Prime Minister Datuk Seri Najib Razak on July 11, Hamad said it would be launched soon but details should be announced by Najib.
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