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Chinese snap up all 999 million ASM units
Thu, Apr 23, 2009
The Star/Asia News Network

JOHOR BARU, Malaysia: All 999 million units of Amanah Saham Malaysia (ASM) shares allotted to the Chinese have been snapped up, said Permodalan Nasional Bhd (PNB).

The allocation was part of the additional 3.33 billion units which went on sale on Monday.

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

The bumiputras 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 to them.

"Similarly, I hope bumiputras 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) go on sale on Monday.

Fifty-one per cent of the units have been allocated to bumiputras and 49% to non-bumiputras, he said.

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

 
 
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