Synlait Milk shares jump nearly 16% after China re-registration

The bond yield also eased. (Image: Synlait)

Tue, 06 Jun 2023

Synlait Milk shares jumped nearly 16% and the bond yield eased after news it can keep manufacturing A2 Milk infant formula destined for the world’s most populous nation.“It shores up a lot of forward revenue, and adds a lot of certainty to that revenue too,” said HighGround Dairy's global dairy consultant, Stuart Davison.The shares last traded at $1.80, up 12.5%. It touched a high of $1.85 earlier in the session. A2 Milk’s shares also benefited, last up 8.5% at $6.23.Meanwhile, Synlait’s $180 million five-year...

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