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Listed warrants still in the zone

Unlike the more common "American-style" instrument, the Sinarmas warrant can only be converted to shares upon expiry. In theory, this should not have a major influence on its price - PHOTO: SPH

A FEW local companies have been raising funds through rights issues that come with unlisted, free warrants as "sweeteners" to ensure the rights are taken up. These novel instruments were featured in this column recently, but equally interesting is that dozens of local companies have also raised

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