Altech Extension to Share Purchase Plan Closing Date
Altech Chemicals Limited, a leading developer of high purity alumina (HPA) production technology, recently announced an extension to the closing date of its Share Purchase Plan (SPP). The company has seen strong interest from existing shareholders and new investors alike, prompting the decision to prolong the SPP closing date.
The SPP was initially scheduled to close on October 22, 2021. However, due to the overwhelming response and ongoing support from investors, Altech Chemicals decided to extend the closing date to November 12, 2021. This extension provides additional time for interested parties to participate in the SPP and take advantage of the opportunity to become shareholders in one of the leading HPA technology developers.
Altech Chemicals remains committed to its strategic goals and is focused on advancing its HPA project in Malaysia. The company’s HPA plant in Malaysia is set to be a game-changer in the industry, with a design capacity to produce 4,500tpa of high purity alumina. This project represents a significant step forward in reducing the global reliance on Chinese HPA production and establishing a secure and diversified supply chain for this critical material.
The decision to extend the SPP closing date reflects Altech Chemicals’ dedication to maximizing shareholder value and ensuring that investors have ample opportunity to participate in the company’s growth story. By extending the closing date, the company is demonstrating its commitment to transparency and fairness, allowing all interested parties to access the SPP on equal terms.
Investors who choose to participate in the SPP will have the opportunity to acquire new fully paid ordinary shares in Altech Chemicals at a discounted price. The SPP is a unique opportunity for investors to support the company’s HPA project and benefit from its potential growth and success in the high purity alumina market.
In conclusion, the extension of the Share Purchase Plan closing date by Altech Chemicals Limited is a positive development that highlights the strong interest and support from investors. This extension provides investors with additional time to participate in the SPP and become shareholders in a company at the forefront of HPA production technology. Altech Chemicals’ commitment to transparency and shareholder value is evident in the decision to extend the closing date, reflecting the company’s dedication to fostering positive relationships with its investor base.
