CAPITAL MARKETS

Key shareholders underwrite portion of Altech raising

ALTECH Chemicals has secured partial underwriting for a big entitlement issue to fund its emerging European initiatives, and it has signed an agreement to develop a silicon anode for use in lithium-ion batteries.

Key shareholders underwrite portion of Altech raising

Major shareholders Deutsche Balaton/Delphi and Melewar have agreed to underwrite A$7.6 million of a two-for five non-renounceable pro-rata offer to raise up to $14.5 million at 4c per share, a 15-18% discount...

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