2.06 billion new ASW 2020 units to be made available

  • Business
  • Thursday, 06 Sep 2007

KUALA LUMPUR: Permodalan Nasional Bhd’s unit Amanah Saham Nasional Bhd will make available 2.06 billion new units of Amanah Saham Wawasan 2020 (ASW 2020) for the public to subscribe by Sept 12. 

PNB president and chief executive officer Tan Sri Hamad Kama Piah said the offer would commence concurrently at all ASNB offices and 1,400 agents’ outlets nationwide by 9.30am.  

“To ensure a fair distribution to the investing public, a maximum limit of 20,000 units has been set per account holder during the offer period from Sept 12 to 25,’’he said. 

Of the new offer, 60 million units have been allocated to the disabled to provide them with a hassle-free transaction. 

Hamad said the disabled must produce the Disabled Identification Card issued by the Social Welfare Department when making transactions for either new or additional subscriptions. 

ASW 2020 is a fixed priced equity fund open to all Malaysians aged six months and above and is subject to 51:49 bumiputra and non-bumiputra quota. Each unit is priced at RM1. 

The fund, which was launched on Aug 28, 1996 with an initial size of three billion units, is the first PNB unit trust fund opened to non-bumiputra subscribers. Since then the fund has been increased five times to 5.68 billion currently, attracting 717,135 account holders.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

HSL 2Q net profit more than double to RM8.75mil
Petronas subsidiaries well-positioned to benefit from hydrogen production
Bursa tracks higher on improved sentiment
UOB Malaysia taps Prudential’s VF2F feature to offer digital insurance
Private, public sectors urged to work together for fast transition to net-zero economy
Ringgit opens lower against greenback on FOMC's upbeat assessment
Quick take: Vizione rises after securing RM500mil GDV project
Bursa gets a lift from positive global sentiment
Quick take: Opcom shares hit highest in six years
Trading ideas: Sedania, IOI Properties Rhone Ma, Vizione, SCIB

Stories You'll Enjoy