It is a great time to be a student in a local Malaysian institution!
Prime Minister, Datuk Seri Najib Tun Razak has announced that some 50,000 fresh undergraduates of local public institutions of higher learning will get 100 units of the newly launched Amanah Saham 1Malaysia, absolutely free!!
If you are a student, ensure you get your free units this coming August 5 when the Amanah Saham One Malaysia launches!
The much-awaited Amanah Saham 1 Malaysia will be launched on August 5. It is the biggest trust fund to date in Malaysia with 10 billion units going for RM1 per unit.
Distribution of the Amanah Saham One Malaysia Units
To ensure that the units were fairly distributed, 50% of the units are allocated to Bumiputras, 30% to the Chinese, 15% to the Indians and 5% to other races for the first 30 days of sale from Aug 5 to Sept 3. During this period, the maximum investment for an investor below 55 is 50,000 units, while investors above 55 can purchase a maximum of 100,000 units.
After the sale period, all unsold units will be available for sale to all Malaysians regardless of race and investment amounts.
Units can be purchased at ASNB offices and post offices from 8am to 5pm from Aug 5, and at Maybank, CIMB Bank and RHB Bank during the operating hours of the banks.
Companies offering alternative investment options often have a similar modus operandi. They usually conduct their preview sessions in swanky 5-star hotels, provide free lunch or high tea and a free gift such as shopping vouchers to sweeten the deal. This was our experience when we were invited for a preview investment session with Jardin Smith International. Read on for our experience and to learn if these land banking companies are scams.
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We read about these financial scams in the newspapers everyday, shake our heads in sympathy but tell ourselves we’re too smart to be conned. Don’t be so quick to dismiss these articles because in the world of financial scams, the average person is no match for the smooth-talking professionals that are out to take your money. Read below on how financial scams work.
