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

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.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Riley Kennedy 02 Jul 2025