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

Thu, 11 Jul 2024

Riley Kennedy

Thu, 11 Jul 2024

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...

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