logo-loader

Altech Chemicals enters trading halt ahead of news release

Published: 05:21 22 Aug 2018 BST

asx boards
Ground-breaking ceremony completed earlier this month

Altech Chemicals Ltd (ASX:ATC) has been granted a trading halt by the ASX pending the release of an update with regard to proposed funding counterparties.

The company's shares will remain halted until the earlier of either the release of the relevant information or the commencement of trading on Friday, August 24, 2018.

READ: Altech Chemicals breaks ground in Malaysia as stage I high purity alumina plant work begins

Altech is starting stage I construction of its high purity alumina (HPA) plant in Johor, Malaysia, following a ground-breaking ceremony earlier this month.

First construction step is an 8-week geotechnical drilling and ground survey program with the objective of confirming ground conditions and optimising proposed foundation piling.