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

A special meeting is planned for September 18. (Image: Supplied)

Tue, 27 Aug 2024

Tue, 27 Aug 2024

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...

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