This will be the third time that the subscription of the Amanah Saham 1Malaysia (AS1M) share trust units managed by Permodalan Nasional Bhd (PNB) has been extended. The current deadline is December 31, 2009.PNB Group CEO,Hamad Kama Piah Che Othman, said the extension, given according to the community allocation, will be third after the Sept 30, and Dec 31, 2009 deadlines.
To date, 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 this year by Prime Minister Datuk Seri Najib Tun Razak. It is 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 five per cent for others.
The silence on the uptake of the Bumiputra portion of AS1M is deafening!
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