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Synlait, Penno in legal action over tech business

Dispute involves digital tracing company whose customers included Synlait and A2 Milk.

Trust Codes technology allows products such as Synlait’s infant formula to be tracked with a unique digital identity.

Tim Hunter Tue, 04 Jul 2023

NZX-listed milk processor Synlait and a company associated with its founder John Penno are embroiled in court disputes arising from a software business sold in March to Nasdaq-listed VerifyMe.

Okuora Holdings, owned by Penno and his partner Maury Leyland, in 2019 bought a minority stake in Signum

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Contact the Writer: thunter@nbr.co.nz
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Synlait, Penno in legal action over tech business
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