No float yet for Synlait Milk

Tue, 04 Dec 2012

By Pattrick Smellie Dec 5 (BusinessDesk) - Synlait Milk's Chinese and New Zealand shareholders still want to list the company's shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor's chief executive, John Penno. "At some stage, it (a share float) is on the agenda in that both shareholders believe long term it's the best place to have it sitting," he told BusinessDesk after Synlait Milk announced a maiden profit for the year to July 31 of $6.3 million. Plans to float the company with a $150 milli...

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