2.7 Billion AS1M Units Sold

A total of 2.7 billion Amanah Saham 1Malaysia (AS1M) units have been sold so far, said Permodalan Nasional Berhad (PNB) group chief executive Tan Sri Hamad Kama Piah Che Othman said Tuesday.

The quota for Chinese investors had been 75 per cent taken up, he told reporters after PNB handed over business tithe totalling RM2.2 million to the Penang State Islamic Religious Council here.

He said PNB would hold a series of awareness campaign beginning Oct 20 in Kelantan on AS1M, the fixed price fund with a size of RM10 billion units launched on July 31, 2009 by Prime Minister Datuk Seri Najib Tun Razak.

AS1M is open to all Malaysians with an allocation of 50 per cent for Bumiputeras, 30 per cent for Chinese, 15 per cent for Indians and five percent for other ethnic groups.