Amanah Saham 1Malaysia subscriptions extended

PERMODALAN Nasional Bhd (PNB) yesterday extended the subscription allocation of Amanah Saham 1Malaysia to the different ethnic groups to September 30.

The fund manager however said the maximum investment limit for the new units will be abolished after the 30-day offer period from September 4.

The fund, with a size of 10 billion units, is open to all Malaysians with a temporary allocation of 50 per cent to Bumiputeras, 30 per cent to the Chinese, 15 per cent to Indians and the remaining 5 per cent to other ethnic groups.

As at August 25, more than 2 billion units had been subscribed by 148,830 investors.

Amanah Saham 1Malaysia was launched on July 31.