How Bright Dairy plans to turn Synlait's losses into profit

How Bright Dairy plans to turn Synlait's losses into profit
A special meeting is planned for September 18. (Image: Supplied)
Rebecca Stevenson
Riley Kennedy
Synlait shareholder Bright Dairy has revealed it would slash unnecessary consultancy expenditure if it gains control of the beleaguered dairy manufacturer.And the Chinese company appears to be confident in getting other Synlait shareholders on board to approve its capital injection.Last week, Synlait announced it would raise $217.8 million via a placement to its two largest shareholders – Bright Dairy and The a2 Milk Company.If approved, Bright will once again take a controlling stake by contributing $185m at an issue price of 60c.Th...

More Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise
Primary Sector

MyFarm KiwiFruit Fund launches $35 million capital raise

The MyFarm KiwiFruit Fund has launched a $35 million capital raise for wholesale and institutional investors, and those offshore that qualify for the Active Investor Plus visa.Units are being offered at $1.02, a 5% discount to the fund’s net asset value.The offer, which will clos...

Rebecca Howard 18 Sep 2025
TTR seabed mining bid not affected by law change
Primary Sector

TTR seabed mining bid not affected by law change

No-go zones will not apply to controversial mining bid.

Ian Llewellyn 18 Sep 2025
Govt to change offshore renewable regime
Primary Sector

Govt to change offshore renewable regime

No-go zones for seabed mining proposed.

Ian Llewellyn 17 Sep 2025