M'sians Respond Overwhelmingly To ASM Units Sale

By Tuesday April 21st, 2009 No Comments

JOHOR BAHARU, April 22 (Bernama) — The additional 3.33 billion Amanah Saham Malaysia (ASM) units offer received overwhelming response from Malaysians of all walks of life, says Permodalan Nasional Bhd (PNB), Malaysia’s biggest fund manager.

PNB president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said as at 12.17pm today, all the 999 million units allotted to the Chinese were snapped up while the Indians bought 53.5 million units or 10.71 per cent of the 499.5 million units set aside for them.

The Bumiputeras bought 7.65 million units, he said in a statement.

“As there are 446 million units yet to be bought by the Indians, I urge them to seize the opportunity to buy the units specially allocated for them.

“Similarly, I hope Bumiputeras and other Malaysians will also not allow the available investment opportunity to slip away,” he said.

Hamad Kama Piah said Malaysians who missed the chance to invest in ASM would have another investment opportunity when two billion additional units of Amanah Saham Wawasan 2020 (ASW 2020) are on sale from Monday.

Fifty-one per cent of the units have been allocated for Bumiputeras and 49 per cent for non-Bumiputeras, he said.

Investment is limited to 20,000 units per account holder, he said, adding the limitation is to allow as many Malaysians to invest in ASM and ASW 2020.

Prime Minister and Finance Minister Datuk Seri Najib Tun Razak announced the unit sale on Monday.

Of the 3.33 billion ASM units offered, 1.665 billion units were offered to Bumiputeraa, 999 million units to the Chinese, 499.5 million units for Indians and the balance of 166.5 million units for other Malaysians.

Source : Bernama

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