Altech Chemicals Limited (AU:ATC) has released an update.
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Altech Chemicals Limited announces a pro-rata non-renounceable entitlement issue aiming to raise up to $8.55 million, offering shareholders one new share for every eight held at a price of $0.04, with additional options available. The offer is partially underwritten by MAA Group Berhad for $5 million. Investors are advised that the securities on offer are highly speculative and to seek professional advice.
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