Bailout or collapse? What you need to know about Synlait's make-or-break shareholder meeting

Bailout or collapse? What you need to know about Synlait's make-or-break shareholder meeting
It's all on the line for Synlait with shareholders set to meet at its Dunsandel plant to vote on a lifeline loan. (Image: NZME)
Rebecca Stevenson
Riley Kennedy
What’s happening today?Synlait faces a make-or-break meeting this afternoon at 2pm where shareholders will vote to approve or reject a $130 million loan from a company related to its largest shareholder, Bright Dairy.The a2 Milk Company and minority shareholders will vote on the loan at a special general meeting at its Dunsandel plant, scheduled four days before a debt repayment deadline. This morning a2 confirmed it would vote in favour, but said it continues to have concerns.Synlait second-largest shareholder said it was in talks w...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Riley Kennedy 23 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025