viewAltech Chemicals Ltd

Altech Chemicals Ltd to wrap up Share Purchase Plan


Altech Chemicals Ltd (ASX:ATC) currently has a Share Purchase Plan (SPP) open allowing shareholders to apply to up to $15,000 worth of new shares, at $0.086 per share.

This follows a $1.2 million placement at the same price.

The SPP has a closing date of (WST) Friday 8 April 2016, and Altech has said there will be no extension.

Funds raised will be applied to finalising the detailed design of the company’s proposed high purity alumina (HPA) plant at Johor, Malaysia, for the completion of debt financing and for general working capital purposes.

Altech is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (HPA) (Al2O3).

HPA is a high-value, high margin and highly demanded product as it is the critical ingredient required for the production of artificial sapphire.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Altech Chemicals Ltd

Price: 0.041 AUD

Market: ASX
Market Cap: $50.19 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Altech Chemicals Ltd named herein, including the promotion by the Company of Altech Chemicals Ltd in any Content on the Site, the Company...


Altech Chemicals moves to secure site for second high purity alumina plant...

Altech Chemicals Limited's (ASX:ATC) (FRA:A3Y) Iggy Tan speaks to Proactive's Andrew Scott after announcing a purchase agreement option for a 10-hectare industrial site in the Saxony region of Germany as the company considers constructing a second high purity alumina (HPA) plant. The company...

on 21/7/20

2 min read