Do you happen to know that fella by the name Warrants?? =p
On a serious note,
Warrants made their debut in the Malaysian market back in 1990 and are issued by companies as sweeterners in a bond/rights/loan stock issue.
Warrants are securities issued by a company. They give holders the right to purchase shares in the company at a specific price at a specific date in future.
Warrants are tradeable and the value will go up and down as the price of the shares to which they relate (the underlying share or mother share) goes up and down.
Warrants have no right to dividends and no voting rights.
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