• Initial subscription of US$100,000 of Altech shares by SMS group
• Demonstrates support and confidence for Altech’s HPA project
• Project equity or subordinated debt support at project financial close
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to advise that German engineering firm SMS group GmbH (SMS) has now completed a US$100,000 initial subscription of fully paid ordinary shares of the Company. The share subscription was originally announced on 16 May 2017, when Altech advised of the appointment of SMS as the engineering, procurement and construction (EPC) contractor for the Company’s proposed Malaysian high purity alumina (HPA) plant.
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