Synlait chair urges minority shareholders to make their voices heard in crucial loan vote

Synlait chair urges minority shareholders to make their voices heard in crucial loan vote
Synlait chair George Adams says he doesn't regret taking the role and knew it would be a challenge. (Image: Synlait)
Rebecca Stevenson
Synlait chair George Adams says talks are continuing with its second-largest shareholder, a2, over how it will vote on a crucial $130 million loan.On Thursday, The a2 Milk Company and minority shareholders in the New Zealand Exchange (NZX)-listed dairy manufacturer will vote at a special general meeting on whether to accept the terms of the lifeline loan from major shareholder Bright Dairy.  More than 35% shareholder Bright Dairy is excluded from the July 11 vote. If the vote fails, Synlait cannot pay a large debt due on July 15 and c...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Riley Kennedy 23 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025