Altech Chemicals (ASX:ATC) continues to receive strong investment support from its largest shareholder.
Melewar International Investment Company and MAA Group Berhad have lifted its stake to 15.28% from 12.14%, through participation in a placement.
Melewar is the industrial firm mandated to construct the proposed high purity alumina (HPA) plant in Malaysia, while MAA Group Berhad is a Malaysian insurance, investment, credit and finance group.