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More warrants with novelty features set to surface

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Since there are hundreds of penny stocks in the local market, it's likely that we'll see more of such share-cum-warrant issues, with the latter either untraded or traded - PHOTO: SPH

IN "CCM's piggyback warrant offers vision of the future" (BT Hock Lock Siew, Jan 23) we predicted that more companies would follow construction firm CCM and issue shareholders with free, unlisted warrants as part of a rights issue. As it turns out, it hasn't taken long at all - less than a month

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