
- WORLD EDITIONAustraliaNorth AmericaWorld
February 28, 2023
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) takes this opportunity to provide additional information to the market in relation to recent Appendix 3Ys lodged by the Company for Non- Executive Director the Right Hon. Tunku Yaacob Khyra.
The sale of Altech shares disclosed in the Appendix 3Ys have been transacted by MAA Group Berhad (“MAAG”). MAAG is a Malaysian investment holding company listed on the Main Board of Bursa Malaysia. MAAG holds investments in many different entities, one of which is Altech. Tunku Yaacob Khyra is a director of MAAG and has a deemed substantial interest in MAAG, and accordingly, MAAG is deemed a related party of Tunku Yaacob Khyra. Given this relationship, any change in MAAG’s shareholding in Altech must be disclosed to the ASX by Altech by lodgement of an Appendix 3Y.
Managing Director Iggy Tan commented “Altech has been advised by the Board of MAAG that the recent requirement to free up MAAG’s liquidity does not reflect its positive outlook of Altech's CERENERGY® Battery Project and Silumina AnodesTM Battery Materials Coating Project in Germany, as well as the HPA project in Malaysia. Despite this change, MAAG and Tunku Yaacob Khyra remain fully supportive and dedicated to the long-term success of Altech”.
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Engage with Altech directly by asking questions, watching video summaries and seeing what other shareholders have to say about this, as well as past announcements, at our Investor Hub https://investorhub.altechchemicals.com
Click here for the full ASX Release
This article includes content from Altech Chemicals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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