Plans to raise funds through a placement to institutional shareholders may help milk marketer graduate to NZX main board.
Shares in the company have soared 154% this year.
The company has built its Australian market share to 6% by value of fresh milk sales, a gain of more than 45% in the past 12 months.
Sign up for NBR subscriber content or email alerts
The easiest way for subscribers to stay logged in is to click the "Remember Me" option on the Member Log In box on the top right of this page.