PNB: Recent sale of ASM shares done fairly


  • Nation
  • Sunday, 30 Apr 2006

KUALA TERENGGANU: Permodalan Nasional Bhd (PNB) has come out to say that the recent sale of Amanah Saham Malaysia (ASM) shares was conducted fairly and deny that they had been allocated only to selected parties. 

Its president and group chief executive, Tan Sri Hamad Kama Piah Che Othman, said a total of 32,687 investors had subscribed to the additional ASM shares. 

Of these, more than 82% made an investment of less than RM50,000 each while another 11% invested less than RM1,000 each. 

He said that not all PNB trust funds opened to non-bumiputras received the kind of response that ASM did. 

“Although other PNB trust funds like Amanah Saham Gemilang and Amanah Saham Nasional 3 are open to non-bumiputras, many of the shares have not been sold,” he told reporters here on Friday at the sidelines of the PNB Investment Week event here.  

The additional one billion ASM shares offered on Monday were sold out within one hour and 45 minutes, the shortest period seen for the sale of PNB trust fund shares so far. 

This stirred up claims by several parties that the units had been taken up by several big institutions as PNB had not limited the number of shares that could be bought. –Bernama  

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