Windfall For Early Investors Of Arowana Venture Scheme

KUALA LUMPUR, March 26 (Bernama) -- Arowana Venture Bhd announced today that investors who bought an interest in its inaugural Arowana Venture Breeding Management (AVBM) at RM2,500 (US$811) per undivided unit have seen their investment grow to RM3,000 (US$973). Arowana Venture said the announcement comes on the back of the approval of the renewed prospectus by the Companies Commission of Malaysia which brings forward the date of the dividend payout for investments made in the first and second years of the scheme from 18 months to less than 18 months. "The AVBM interest scheme which was launched on Dec 7, 2011 by the Malaysian Ministry of Domestic Trade, Cooperatives and Consumerism is now approaching the 60 per cent figure for the number of units sold," it said in a statement Monday. Arowana Venture chief executive officer Michael Liu said high demand for the smaller number of units available and encouraging sales have boosted the unit price. He said Malaysia has captured 26 per cent of the world market for the Asian Arowana, estimated at between US$250 million and US$350 million, with the biggest demand for the country's Asian Arowana coming from Japan, Taiwan, Hong Kong and China, which is a growing market. Malaysia is one of only three countries worldwide that can breed the Asian Arowana in captivity, the other two being Singapore and Indonesia, which account for 44 per cent and 30 per cent of the global market respectively. -- BERNAMA