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BRIEF-Altech Chemicals announces $2 mln share placement to MAA Group

April 13 (Reuters) - Altech Chemicals Ltd:

* Altech $2 million share placement to cornerstone investor

* Announces a $2 million share placement to existing cornerstone investor, MAA Group Berhad

* Placement shares will be issued at 14 cents per share

* Funds raised from placement will be applied to completion of detailed design and engineering of co's proposed Malaysian high purity alumina plant Source text for Eikon: Further company coverage: