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
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 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.
Altech Chemicals Ltd (ASX:ATC) is pleased to announce the dual listing of the Company's shares on the Frankfurt Stock Exchange. The Company's shares trade under the symbol "A3Y" on the exchange.
The Directors present their report on Altech Chemicals Ltd (ASX:ATC) for the half-year ended 31 December 2016.
Altech Chemicals (ASX:ATC) advises that the Department of Mines and Petroleum (WA) has approved the mining proposal and the associated mine closure plan for its Meckering kaolin deposit. The mining approval marks an important stage in the development of the Company's proposed Meckering kaolin mine, which will provide feedstock for Altech's proposed Malaysian high purity alumina (HPA) plant.
Altech Chemicals Ltd (ASX:ATC) is pleased to advise that it has reached agreement with its appointed engineering, procurement and construction contractor M+W Group on a framework for a fixed price EPC contract for the construction of the Company's proposed Malaysian high purity alumina plant.
Altech Chemicals Ltd (ASX:ATC) is pleased to provide the Company's latest Presentation titled "The CEO Sessions ASX Exchange Auditorium".
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to advise the initiation of coverage of the Company by The Sophisticated Investor (TSI) with the release of a research report.