• Final instalments for Malaysian high purity alumina (HPA) plant site now paid
• Secures the 4ha industrial land site within the Tanjung Langsat Industrial Complex
• 30 year lease with option to renew for an additional 30 years
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has paid the final instalments totalling AU$5.1 million for ~4 hectares of industrial land within the Tanjung Langsat Industrial Complex, Johor, Malaysia. The final payments secure the site for the Company’s proposed high purity alumina (HPA) plant. The Company expects to receive a deed of title from the Johor state government for the land (30 year lease, with the option to renew for an additional 30 years) within the coming month.
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