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posted 26 Jan 2011, 16:41 by Zam Mlk   [ updated 26 Jan 2011, 16:44 ]

If you intrested to buy this Fund, please call me. Min RM255k

OSK-UOB Unit Trust Management Bhd (OSK-UOB) has launched its first fund for the year, the OSK-UOB Pre-IPO Fund.

"We see investment opportunities in the pre-IPO segment, namely, the investments made on the offer of shares of a company before the initial public offering.

"Hence, we have structured this fund, also the first of its kind in the market.

"It seeks to maximise the potential opportunities from the pre-IPO and IPO segments, which may result in good investment returns for our investors," OSK-UOB Chief Executive Officer, Ho Seng Yee said in a statement Monday.

He also said the fund has a charter life of four years.

"The investment amount from the public would be invested within three years of the fund's charter life into pre-IPO investments, IPO placement shares, and other corporate finance investments," he explained.

With an approved fund size of 50 million units priced at RM1 per unit, the fund is being offered to the public from Jan 4 to Feb 17.

Investors need to commit RM255,000 as an initial minimum investment, with a subsequent minimum top up at RM10,000.

OSK-UOB is a joint venture company between the OSK Group and the UOB Group, with an equity shareholding structure of 70 per cent and 30 per cent respectively.

It is involved in the fund management business and is currently managing funds of over RM5.1 billion. - BERNAMA

Read more: OSK-UOB launches pre-IPO fund