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Wednesday, August 5, 2009

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Amanah Saham 1Malaysia open for subscription

The Amanah Saham 1Malaysia (AS 1Malaysia) unit trust starts selling today.

Malaysians aged 18 and above may subscribe for the units at RM1 each at Amanah Saham Nasional Bhd offices that provide a full range of services as well as the more than 1,600 agents, including Malayan Banking, CIMB Bank, RHB Bank and Pos Malaysia, nationwide.

The fund, with an approved fund size of RM10 billion, will be managed by state-owned investment fund manager Permodalan Nasional Bhd.

The public can invest in at least 100 units. First-year students in public universities will each be given 100 units free.

There will be no maximum limit for investors. However, for 30 days from today, there will be a maximum investment limit of 50,000 units.

During this period, Malaysians aged 55 and above will get a special offer: they can buy as much as 100,000 units each.

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