Further to the request of Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) for the trading of its securities to be halted by ASX this morning pending the release on an announcement regarding a capital raise, the Company is pleased to provide the following update.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has received a definitive execution program for a listed green bond offering of US$144 million.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia.
Altech Chemicals Ltd (ASX:ATC) (FRA:A3Y) recently announced that it is in the final development stage of a high purity alumina (HPA) grade that is specifically designed for anode applications within lithium-ion batteries.
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has executed a binding Memorandum of Understanding (MOU) to sell 25% of its wholly owned Germany subsidiary - Altech Industries Germany GmbH (AIG) for EUR 5.0 million (~A$ 8.3 million), to Frankfurt Stock Exchange listed Altech Advanced Materials AG (AAM).
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce that it has received a commitment letter from State Ministry for Economic, Labour and Transport, Saxony, Germany for a grant of EUR7,380,000 (~A$12.2 million).
Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to advise that a recent interview by The Market Herald with managing director, Iggy Tan is now available for viewing on the Company's web site.
