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ASM to add 500 Million New Units

The well-received Amanah Saham Malaysia is going to add another 500 million new units, making its total units to 5.28 billion. As with the previous launch, to ensure that more people can take advantage of the new units, each applicant is only eligible for 50,000 units.

Permodalan Nasional Bhd’s (PNB) unit trust arm Amanah Saham Nasional Bhd (ASNB) will launch 500 million new units in Amanah Saham Malaysia (ASM) on July 18 to tap the strong following for the unit trust scheme.

PNB president and chief executive officer Tan Sri Hamad Kama Piah Che Othman said the move to offer the additional units was partly in line with the overwhelming response to the scheme since it was launched seven years ago.

The Star Online

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