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

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

Oliver Lewis 04 Jul 2025
BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Riley Kennedy 03 Jul 2025