NZ Shareholders Association undecided on Synlait capital raise support

The vote on whether to support Synlait’s upcoming capital raise is next week. (Image: Supplied)

Mon, 09 Sep 2024

The New Zealand Shareholders Association has not decided whether or not it will support Synlait’s upcoming capital raise.The NZ Shareholders Association (NZSA) has described it as a “dead rat” for minority shareholders. Still, the company said it is critical for the company’s future and will “in time” benefit all shareholders.On Friday, market regulators knocked back John Penno’s complaint, which argued Bright Dairy and The a2 Milk Company shouldn’t be allowed to vote on each other’s placeme...

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