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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
Investment
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Synlait says A2 Milk still coy on voting intentions

The NZX-listed milk processor faces receivership if special meeting vote does not approve $130m shareholder loan from Bright Dairy.

Listed milk processor Synlait says major customer and 19.8% shareholder A2 Milk has not advised how it intends to vote at a crucial special meeting on Thursday.

Debt-stricken Synlait needs $130 million to repay its bankers by July 15 and the only option on the table is a short-term loan from 39%

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Hamish McNicol Mon, 08 Jul 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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Synlait says A2 Milk still coy on voting intentions
Investment,
104790
true