Datasonic Group Bhd, a leading secure ID and smart card personalisation solutions provider is scheduled to be listed in Main Market of Bursa Malaysia on 3rd September 2012.
The Initial Public Offering (IPO) consists of public issues of 20.4 million new ordinary shares and offer for sale of 7.9 million shares existing shares at an IPO price of RM2.00 per share at RM0.50 par value.
Out of 20.4 million new ordinary shares, 1.8 million shares are for private placement to selected investors, 8.5 million shares for Bumiputera investor approved by MITI, 6 million shares for application by Malaysian public and the remaining 4 million shares are made available to directors, employees and persons who have contributed to the group.
Pasukhas Group Bhd, a Mechanical and electrical (M&E) engineering services provider is scheduled to be listed in ACE Market of Bursa Malaysia on 29th August 2012.
The Initial Public Offering (IPO) consists of public issues of 90 million new ordinary shares at an IPO price of RM0.12 per share at RM0.10 par value.
Out of 90 million new ordinary shares, 55 million shares are for private placement to selected investors, 10 million shares for application by Malaysian public and the remaining 25 million shares are made available to directors, employees and persons who have contributed to the group.
The US economy is currently tussling with financial crisis after the Great Depression. Similarly to the previous 1929 worldwide economic downturn, marked with immense bank failures and stock market collapse, the country is once again encircles with unforeseen bankruptcy of huge trusted banks and extreme market volatility.
There are many prime causes that lead to the current US financial crisis and gradually affecting the global economy. During a recent media round table discussion at Public Gold, Mr Pang Bo Fu, the President of International Consumer Federation for Businessmen in China, who foresees US to encounter a drastic economy downturn very soon.
For year 2011, Employees Provident Fund declared 6.00 percent dividend. For the same period, there are 6.26 million active EPF members with total combined savings of RM327.8 billion up RM29.0 from the same period in 2012. Total savings including inactive members was at RM469.2 billion.
For those who interested to know the savings profile for active EPF members as of year end 2011, kindly take a look at the following table. It shows the savings range, number on members and total savings for each range.
Recently, Maybank launched “Maybank Investment Silver Acccount (MSIA)” which provide an opportunity to investors to invest in precious materials without the hassle of keeping it. Maybank is the first bank in the country to offer a silver investment passbook account, allowing deposits and withdrawals in silver at a daily price in ringgit at any of its branches nationwide.
When investing is precious metals, some people believe that silver investment is better than gold investment due to the fact that silver is more widely used for an industrial purpose than gold and currently the silver production unable to cope with the demand. MSIA will give an opportunity for the investor to take advantage of the situation. Also, when compared to gold investment, silver is more affordable as the price per gram is much lower.
The features of Maybank Silver Investment Account are,