OPEN UP UNSOLD UNITS IN ASM & ASW TO ALL MALAYSIANS IF UNSOLD AFTER 6 MONTHS!

I refer to recent reports that 999 million units of Amanah Saham Malaysia (ASM) shares allotted to the Chinese have all been sold out, being part of the additional 3.33 billion units of ASM which went on sale on last Monday.

Based on recent reports, the sale of the ASM units allocated to the Bumiputras were not encouraging. This may be due to the existence of other products offered exclusively by Permodalan Nasional Berhad to bumiputras, such as Amanah Saham Bumiputra.
As such, I would like to call upon Permodalan Nasional Berhad (PNB) to open up any unsold portion of the ASM units to all Malaysians (including Amanah Saham Wawasan and other future similar product by Permodalan Nasional Berhad) if the same continued to remain unsold after the expiry of six (6) months from the launch of sale.

The opening up of the unsold portion after the expiry of six (6) months from the launch of sale would still permit Bumiputra to purchase the said units. However, I fully agree for the limitation of investment to 20,000 units per person should remain even after the expiry period.