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Altech finds a cash path as its German battery strategy unravels
12:27pm on Wednesday 21st of October, 2026 AEDT
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Energy storage and advanced materials
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Altech finds a cash path as its German battery strategy unravels
12:27pm on Wednesday 21st of October, 2026 AEDT
Key Points
MYR19.51 million Malaysian land sale agreed, with MYR16.58 million net proceeds anticipated
CERENERGY project discontinued after strategic partner discussions failed to secure funding
Altech Batteries GmbH filed for insolvency and is not expected to return proceeds to its parent
€2 million bearer bond repayment extended to April 2027 at 10% annual interest
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