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Deadline for subscribing to AS1M extended again

Published: 2009/12/25

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PERMODALAN Nasional Bhd (PNB) says it will extend the period for subscribing the Amanah Saham 1Malaysia (AS1M) share trust units to a later date from the current December 31 2009 deadline.

PNB Group chief executive and president, Tan Sri Hamad Kama Piah Che Othman, said the extension, given according to the community allocation, will be the third after the September 30 and December 31 2009 deadlines.

In a statement yesterday, he said the decision was taken in order to give all the communities the opportunity and more time to buy the share trust units.

Todate, a total of 3.06 billion units of the AS1M have been subscribed by 235,288 investors.

So far, 85 per cent of the quota given to the Chinese community has been subscribed, while another 21 per cent of the quota for Indian investors have been bought.

PNB said it will have road shows nationwide to promote the AS1M, beginning with Perak and Sarawak in January. Promotions will be also carried out in Sabah, Terengganu, Pahang and Melaka.

AS1M, a fixed price fund with a size of RM10 billion units, was launched on July 31.

It was opened to all Malaysians with an allocation of 50 per cent for Bumiputera, 30 per cent for the Chinese community, 15 per cent for the Indian community and 5 per cent for others. - Bernama

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