2007-07-14 23:57:46记忆*天书
ASN To Issue 500 Million New Units Of Amanah Saham Malaysia
KUALA LUMPUR, July 13 (Bernama) -- Amanah Saham Nasional Bhd, a subsidiary of Permodalan Nasional Bhd (PNB), is offering 500 million new units of Amanah Saham Malaysia (ASM) from next week.
The fixed price unit trust fund is opened for subscription from July 18 to 24 to all Malaysians aged six months old and above, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said Friday.
Speaking at media briefing here, he said the additional units were aimed at new investors who had missed out on the earlier opportunity and existing investors seeking to top up their investments.
To ensure a fair distribution to the investing public, a maximum investment limit of 50,000 units has been set per account-holder during the offer period, Hamad Kama said.
"I hope the new units will also attract civil servants who received their salary increments as announced recently," he said.
The additional units marked the fourth time that ASM has offered new units for subscription since it was launched on April 20, 2002, with a fund size of two billion units which was fully subscribed in 21 days.
Hamad Kama said the additional units are expected to be fully subscribed within one or two days.
"I think with the competitive returns given every year, the new units will receive overwhelming response from investors," he said.
In the last seven years since its inception, the average annual income distribution declared by ASM has been 7.02 sen per unit, he added.
Last year, one billion units were fully subscribed in less than two hours and another one billion units launched in March 2007 were fully subscribed within one day.
Currently, Amanah Saham Nasional is managing 5.78 billion units of ASM. -- BERNAMA
The fixed price unit trust fund is opened for subscription from July 18 to 24 to all Malaysians aged six months old and above, PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman said Friday.
Speaking at media briefing here, he said the additional units were aimed at new investors who had missed out on the earlier opportunity and existing investors seeking to top up their investments.
To ensure a fair distribution to the investing public, a maximum investment limit of 50,000 units has been set per account-holder during the offer period, Hamad Kama said.
"I hope the new units will also attract civil servants who received their salary increments as announced recently," he said.
The additional units marked the fourth time that ASM has offered new units for subscription since it was launched on April 20, 2002, with a fund size of two billion units which was fully subscribed in 21 days.
Hamad Kama said the additional units are expected to be fully subscribed within one or two days.
"I think with the competitive returns given every year, the new units will receive overwhelming response from investors," he said.
In the last seven years since its inception, the average annual income distribution declared by ASM has been 7.02 sen per unit, he added.
Last year, one billion units were fully subscribed in less than two hours and another one billion units launched in March 2007 were fully subscribed within one day.
Currently, Amanah Saham Nasional is managing 5.78 billion units of ASM. -- BERNAMA