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

Karl Gradon takes top job at Comvita
Primary Sector

Karl Gradon takes top job at Comvita

The honey business had been without a permanent CEO for nearly a year.

Westland Milk Products dips into the red
Primary Sector

Westland Milk Products dips into the red

The West Coast dairy processor has been without a CEO since January.

Riley Kennedy 06 Jun 2025