PETALING JAYA (June 25): Effective July 1, 2015, Employees Providend Fund (EPF) members have the option of investing part of their retirement scheme into Amanah Saham Bumiputera 2 (ASB2) under its EPF-Members Investment Scheme (EPF-MIS).
In a statement today, EPF deputy chief executive officer (Investment) Mohamad Nasir Ab Latif said with ASB2’s inclusion, EPF-MIS will be offering nine funds managed by Amanah Saham Nasional Bhd (ASNB).
“Members who wish to subscribe for the ASB2 units can do so through ASNB, which is a wholly-owned subsidiary of Permodalan Nasional Bhd,” said Mohamad Nasir.
The inclusion of ASB2 into EPF-MIS came after Prime Minister Datuk Seri Najib Razak announced during the tabling of the 11th Malaysia Plan 2016-2020 last month that the government will allow Bumiputeras to withdraw from the EPF Account 1 savings to invest in ASB2, in line with efforts to increase their corporate equity.
EPF’s statement today further said that the EPF-MIS allows members to voluntarily transfer a portion of their savings from Account 1 for investments in approved unit trust funds through 24 Fund Management Institutions (FMIs) appointed under the EPF-MIS.
This offer members the option to enhance their retirement savings. Under the scheme, members may transfer not more than 20% every three months of the total savings from Account 1 in excess of their respective Basic Savings, said EPF.
Mohamad Nasir said EPF members are encouraged to make full use of the EPF-MIS information portal to obtain information on the various trust funds offered, as well as the financial managers handling the funds.
The portal, which was launched in April 2015, is an initiative by the EPF to allow members to conduct their own research before deciding to make any investment.
The information provided in the portal do not carry any form of investment advice or recommendations on any of the unit trust funds and FMIs, the statement further read.
This is one of the warrants that's in the money. But there's one big worry. Despite the expiry date in 2018, if it fails to make an acquisition in exactly 12 months, Sona will be delisted. Those holding the mother share will get most of their money back. But -WA...? Correct me if I'm wrong but from my understanding, the warrants will expire in July 2016.
That means -WA buyers will have to pray the management completes a purchase in the coming months. The managing director said they are pursuing a few assets. With the price of crude oil at this level, Sona has leverage in its negotiations. But they will have to move fast for everyone's sake. Especially the warrants holders.
God of prosperity says hand off this warrant. Proposal sounds syok for warrant holders but nothing materialised so far. Trust the bunch of directors would scout opportunity to acquire in this trying time of weak Ringgit.
Too corky management. Wasted time and money and then rm drop like hell. Jus as cliq boast got 5 QA ... Smell one also don't have now. Clip been going up to 68 den .. Hope they will soon have rally to old time high at least. Sons? When u follow?
why buy mother share? exercise price is 0.35 + son @ 0.08 = 0.43, this is cheaper than buying mother share, and there are more than 2 yrs before the expiry date
SONA PETROLEUM BERHAD ("SONA PETROLEUM" OR "COMPANY")
PROPOSED ACQUISITION OF 100% INTEREST IN THE STAG OILFIELD FOR A TOTAL CASH CONSIDERATION OF US$50.0 MILLION ("PROPOSED ACQUISITION")
We refer to the announcement dated 2 November 2015 in relation to the Proposed Acquisition.
On behalf of Sona Petroleum, CIMB Investment Bank Berhad wishes to announce that the Company has today submitted an application to the Australian Foreign Investment Review Board (“FIRB”) in relation to the Proposed Acquisition.
As set out in the announcement earlier today, certain investments into Australia by foreign investors (including Australian entities with direct or indirect foreign ownership) require prior notification to FIRB and a statement of no objection to the investment from the Australian Treasurer. Completion of the Proposed Acquisition is conditional on, amongst others, receipt of a notice of no objection from FIRB.
EXCUSE ME guys, can i ask a question about warrant? if i buy it now, then i must wait until July 2018 only can get the money ? or i can sell it on the half way? any suggestion , thank you
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Danson Yap
2 posts
Posted by Danson Yap > 2015-06-15 23:57 | Report Abuse
When this share expire?