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.