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BlueMount Capital in the news: “Altech Identifying Partners In US$100 MM Project Equity Investment For High Purity Alumina Project”

Australian innovator Altech Chemicals Ltd. updated the market on the progress of its high purity alumina project this week, including several financing projects that are currently underway with investors in Europe and the United States.

Altech’s Managing Director Iggy Tan and other company officials met with their counterparts at Germany’s KfW IPEX-Bank this summer, and the bank confirmed that it is still on board with Altech’s projects after being updated on the progress of its US$144 million green bond offer and its US$100 million project level equity funding initiative. The bank reiterated its support for the US$190 million senior loan facility and advised Altech that the German export credit agency has renewed its US$170 million export credit cover, which is part of the bank’s senior loan facility.

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BlueMount Capital in the news: “German bank confirms support of Altech Chemicals’ high purity alumina project in Malaysia”

Emerging battery materials producer Altech Chemicals (ASX: ATC) has confirmed that Germany’s government-owned KfW IPEX-Bank continues to fully support its high purity alumina (HPA) project in Malaysia.

The confirmation comes after Altech managing director Iggy Tan visited the bank to discuss the status of the company’s secondary project finance initiatives, including a US$144 million green bond offer and a US$100 million project level equity funding initiative.

Following the meeting, KfW IPEX-Bank confirmed its support for the project, and its commitment to a senior loan facility of US$190 million.

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BlueMount Capital in the news: “Altech Chemicals (ASX:ATC) advances financing activities for Malaysia HPA project”

Altech Chemicals (ATC) has advanced project financing activities for its Malaysia high-purity alumina (HPA) project.

Following a trip to Europe by company management, Altech has confirmed that Germany-based KfW IPEX-Bank remains committed to the project and a senior loan facility of US$190 million (A$273 million).

It also said Euler Hermes, the German government export credit agency, has renewed a US$170 million export credit cover for the KfW IPEX Bank senior loan facility.

In addition, ATC progressed discussions to finalise a US$144 million green bond offering with London-based Bedford Row Capital and Perth-based Bluemount Capital.

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Sharia compliant investments in private equity – An IFN Special Report

Special Reports (Https://Www.Islamicfinancenews.Com/News-Categories/Special-Report)
(https://www.islamicfinancenews.com/contributor/zabidi-abdullah)
Dr Saliba Sassine (Https://Www.Islamicfinancenews.Com/Ifn_authors/Dr-Saliba-Sassine)
19/07/2022

Private equity (PE) often reigns supreme in the high-return investment market. Dr Vladimir Malenko wrote :“In the time of volatile interest rates, doubtful and inconsistent performance of hedge funds, and increasing popularity of index tracking funds (rather than actively managed ones), the astute investors flock to private capital placement opportunities.” DR SALIBA SASSINE explores.(https://www.islamicfinancenews.com/a-newinvestmentscheme-that-can-destroy-shariah-compliant-private-equity.html)

The top 10 GCC (https://www.islamicfinancenews.com/glossary/gcc)  institutional investors have more than US$3.7 trillion of combined assets under management, but only a small percentage of these funds are Shariah (https://www.islamicfinancenews.com/glossary/shariah-2) compliant. At first glance, this PE investment option for Islamic investors looks rather limited. But Islamic finance professionals are both dynamic and inventive in their search for structured solutions.

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BlueMount Capital Turns 10!

This year, BlueMount Capital is proudly celebrating its 10th anniversary of providing Global Capital Solutions. It’s our commitment to providing valuable relationships which has given us the capacity to continually deliver comprehensive solutions for the most sophisticated business requirements across all asset classes. Continue reading

How Does a Stock Move from the OTC to a Major Exchange?

There are many reasons why a company may trade on the Over the Counter (OTC), which unlike a standard exchange, has no physical location, but it’s not an option that provides much exposure or even a lot of liquidity. Trading on a major  exchange, though, does. But is there a way for companies to move from one to the other?

Key Takeaways

  • OTC securities are not listed on an exchange, but trade through a broker-dealer network.
  • Companies can jump from the OTC market to a major exchange as long as they meet listing and regulatory requirements, which vary by exchange.
  • Exchanges must approve a company’s application to list, which should be accompanied by financial statements.
  • Some companies choose to move to get the visibility and liquidity provided by a stock exchange.
  • Dual listing ,by staying on the OTC and dual listing on a major exchange is a great option and is possible.

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BlueMount Capital (Queensland) Appoints Chief Operations Officer

The Queensland office of capital markets group BlueMount Capital has appointed Ken Freer as Chief Operations Officer.

Speaking with BlueMount Capital Managing Director, Dr Mark Rainbird, about this appointment, Mark said, “We are looking to strengthen our executive management as we look to grow the business and our market presence. Our business is looking to invest in synergistic activities that support its core offering around capital markets corporate advisory and financing while supporting our clients and investors”. Continue reading

Unique Opportunity To Invest In The Southern Hemisphere’s Most Compelling Sports And Tourism Infrastructure Project

CORA – “Cape Otway Road Australia” which is located adjacent to Lake Modewarre near Geelong, Victoria – plans to be the Southern Hemisphere’s new mecca for sports training and wellness tourism.

Project CORA is seeking to raise up to $8.5m by way of 2-year convertible notes which carry a coupon of 10% pa payable annually in arrears. Continue reading

BlueMount Capital in the news: “Brave new world: Islamic finance in BD“

International IFN Roadshow Bangladesh-2021 was held recently organised by REDMoney Group. The IFN Roadshow-2021 series opens with Bangladesh, a country that has a promising future in Islamic finance, especially as it launched its first corporate Sukuk in 2020. Bangladesh is on a sprint to aggressive development as the public demand for Islamic finance is rising, which has spurred the robust Islamic banking sector in the nation. Continue reading

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