Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Altech Chemicals Limited    ATC   AU000000ATC9

ALTECH CHEMICALS LIMITED

(ATC)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Altech Chemicals Ltd $14.5 million Underwritten Entitlement Offer

11/10/2020 | 07:00pm EST

$14.5 million Underwritten Entitlement Offer

Perth, Australia (ABN Newswire) - Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is pleased to announce the launch of a $14.5 million partially underwritten non-renounceable pro-rata entitlement offer on the basis of two (2) new shares at $0.04 each for every five (5) shares held by Altech shareholders at the Record Date, plus one free attaching option for each two (2) new shares subscribed and issued (exercise price $0.08, expiry 31 May 2022) to raise up to $14.5 million before costs (Offer). ASX quotation will be sought for the options.

The Offer is open to all eligible Altech shareholders that have a registered address in Australia, New Zealand, Hong Kong, Malaysia, Singapore and Germany. The Offer will close on 7 December 2020 (unless extended in accordance with the ASX Listing Rules). Also, shareholders will be able to make application for new shares (and the attaching option) in addition to their pro-rata 2 for 5 entitlement, via a shortfall offer.

The Company's major shareholders have agreed to subscriptions for approximately 52% of the Offer ($7.6 million), via a combination of agreeing to take up their respective pro-rata entitlements to shares under the Offer, and/or underwriting any shortfall as summarised in the Table 1 in link below.

To view the timetable, please visit:
https://abnnewswire.net/lnk/18SE685G



About Altech Chemicals Ltd:

Altech Chemicals Limited (ASX:ATC) (FRA:A3Y) is aiming to become one of the world's leading suppliers of 99.99% (4N) high purity alumina (Al2O3) through the construction and operation of a 4,500tpa high purity alumina (HPA) processing plant at Johor, Malaysia. Feedstock for the plant will be sourced from the Company's 100%-owned kaolin deposit at Meckering, Western Australia and shipped to Malaysia.

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. Increasingly HPA is used by lithium-ion battery manufacturers as the coating on the battery's separator, which improves performance, longevity and safety of the battery. With global HPA demand approximately 19,000t (2018), it is estimated that this demand will grow at a compound annual growth rate (CAGR) of 30% (2018-2028); by 2028 HPA market demand will be approximately 272,000t, driven by the increasing adoption of LEDs worldwide as well as the demand for HPA by lithium-ion battery manufacturers to serve the surging electric vehicle market.



Source:
Altech Chemicals Ltd



Contact:

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com 

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
 

© ABN Newswire 2020
All news about ALTECH CHEMICALS LIMITED
2020ALTECH CHEMICALS : - 25% Sale of Industries Germany Finalised
AQ
2020ALTECH CHEMICALS : Confirmation of Graphite Alumina Coating Technology - Key to ..
AQ
2020Altech Chemicals Finalizes Sales of 25% Stake in German Unit; Shares Down 3%
MT
2020ALTECH CHEMICALS LTD (ASX : ATC) 25% Sale of Altech Industries Germany Finalised
AQ
2020ALTECH CHEMICALS : - confirmation of hpa graphite particle coating technology
AQ
2020Altech Chemicals Ltd Confirmation of Graphite Particle Coating
AW
2020ALTECH CHEMICALS : - Termination of SMI Funding Agreement
AQ
2020ALTECH CHEMICALS LTD (ASX : ATC) Termination of SMI Funding Agreement
AQ
2020Altech Chemicals Ltd $12.5 million raised from Rights Issue
AW
2020ALTECH CHEMICALS : Entitlement Offer - Extension of Closing Date
AQ
More news
Financials
Sales 2020 0,92  0,71  0,71 
Net income 2020 -3,52 M -2,73 M -2,73 M
Net cash 2020 0,83 M 0,65 M 0,65 M
P/E ratio 2020 -9,01x
Yield 2020 -
Capitalization 66,9 M 51,8 M 51,8 M
EV / Sales 2019 -
EV / Sales 2020 37,1x
Nbr of Employees 5
Free-Float 51,7%
Chart ALTECH CHEMICALS LIMITED
Duration : Period :
Altech Chemicals Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALTECH CHEMICALS LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Managers and Directors
NameTitle
Ignatius Kim-Seng Tan Managing Director & Director
Luke Frederick Atkins Non-Executive Chairman
Jingyuan Liu General Manager-Operations & Marketing
Shane Raymond Volk Chief Financial Officer & Secretary
Daniel Lewis Tenardi Non-Executive Director