Debt-laden milk processor Synlait will raise $217.8 million from its main shareholders Bright Dairy and A2 Milk in a crucial share offer to avoid insolvency.
In a statement to the NZX late on Tuesday, Synlait said its 39% shareholder Bright Dairy had agreed to subscribe for $185m of new shares at
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
