A2 Milk has Synlait’s future in its hands
The NZX-listed milk processor faces receivership if special meeting vote does not approve $130m shareholder loan from Bright Dairy.
The special meeting will take place at Synlait's Dunsandel plant in Canterbury.
The future of milk processor Synlait is in the hands of its major customer and 19.8% shareholder A2 Milk, whose votes could swing the balance at a crucial special meeting called for July 11.
Debt-stricken Synlait needs $130 million to repay its bankers by July 15 and the only option on the table is
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