Altech Chemicals Ltd (ASX:ATC) is pleased to announce that it has raised $1.85 million via the Share Purchase Plan, which closed on Wednesday 7 June 2017, and a concurrent placement of shares to various professional and sophisticated investors.
Altech Chemicals Ltd
HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of synthetic sapphire. Synthetic sapphire is used in the manufacture of substrates for LED lights, semiconductor wafers used in the electronics industry, and scratch-resistant sapphire glass used for wristwatch faces, optical windows and smartphone components. There is no substitute for HPA in the manufacture of synthetic sapphire.
Global HPA demand is approximately 25,315tpa (2016) and demand is growing at a compound annual growth rate (CAGR) of 16.7% (2016-2024), primarily driven by the growth in worldwide adoption of LEDs. As an energy efficient, longer lasting and lower operating cost form of lighting, LED lighting is replacing the traditional incandescent bulbs.
Altech Chemicals Ltd (ASX:ATC) is pleased to announce that following the unanimous approval of shareholders in a General Meeting held on 29 May 2017, the Company has now completed the $2 million placement of shares at $0.14 per share, to existing Malaysian cornerstone investor MAA Group Berhad (KLSE:MAA).
Altech Chemicals Ltd (ASX:ATC) is pleased to provide a further update on due diligence activities associated with the financing of its proposed high purity alumina project.
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) advises that it has extended the Closing Date of its Share Purchase Plan (SPP) to Wednesday 7 June 2017 (5pm WST).
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) advises that it has appointed German engineering firm SMS group GmbH (SMS) as the engineering, procurement and construction (EPC) contractor for its proposed Malaysian high purity alumina (HPA) plant.
Altech Chemicals Limited (ASX:ATC), (FRA:A3Y) ACN 125 301 206 recently announced a $2.0 million placement of shares to existing cornerstone shareholder MAA Group Berhad.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that following the recently announced $2 million share placement to existing cornerstone investor MAA Group Berhad, the Company is now offering a Share Purchase Plan.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's Quarterly Activities & Cash Flow Report.
Altech Chemicals Limited (ASX:ATC) is pleased to provide an update on the extensive detailed design and engineering work for its proposed Malaysian high purity alumina plant.
Altech Chemicals Ltd (ASX:ATC) is pleased to announce a $2 million share placement to existing cornerstone investor, MAA Group Berhad.