News and Announcements
MAA Group Bhd Acquires an Additional Stake in Altech Chemical Ltd for A$2 million
- Published April 14, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Altech Chemicals limited (ASX: ATC) is pleased to announce a $2 million share placement to existing cornerstone investor, MAA Group Berhad.
KEY TAKEAWAYS:
- A$2 million raised via share placement to existing cornerstone investor.
- Placement priced at $0.14 per share, an 8% premium.
- Existing Malaysian shareholder MAA Group Berhad.
- Funds applied to detailed design and engineering.
The Placement shares issued at 14 cents per share, which represents an ~8% premium to the 12 April 2017 closing price of the Company’s shares as traded on the Australian Securities Exchange (ASX).
Funds raised from the Placement will be applied to the completion of detailed design and engineering of the Company’s proposed Malaysian high purity alumina (HPA) plant.
Altech Chemicals Limited is aiming to become one of the world’s leading suppliers of 99.99% high purity alumina (HPA).
Company Updates
How Capital HQ Slashes Capital Raising Time by 80% for Founders
For startup founders, the capital raise process can feel like a relentless, time-consuming marathon, often diverting precious energy from the core business. “I remember finishing a capital raise at one stage and I remember spending about three months on it and for the money was brought in I thought that money could have been generated […]
The Great Convergence: The $19 Trillion Shift Defining the Next Era of Wealth
A quiet but powerful trend is re-architecting global finance: the great convergence of traditional finance and digital assets. With Boston Consulting Group forecasting the tokenized real-world assets market to hit $16 trillion by 2030, this isn’t speculation—it’s a new institutional reality. Discover the infrastructure being built, the power of tokenization, and how mature DeFi strategies are defining the next era of wealth.
Beyond the Grandstand: Why Australian Sport is the New Asset Class for Family Offices
Australian sport is evolving into a compelling, institutional-grade asset class. Driven by a “golden decade” of major events and significant private capital, it offers high-growth, uncorrelated returns, making it an attractive new frontier for savvy family offices.
Backed By Leading Investment Groups and Family Offices
