Synlait retail shareholders consider liquidation rather than loan and capital raise

Synlait's prized Dunsandel plant will be the venue for its make-or-break shareholder vote. (Image: Synlait)

Wed, 10 Jul 2024

Some retail shareholders in listed dairy manufacturer Synlait are considering voting against a $130 million bailout loan as the next step to save the embattled company would leave them worse off.Synlait faces a do-or-die vote on Thursday to approve a lifeline loan from a company related to its largest shareholder Bright Dairy. Bright is excluded from the vote, and Synlait chair George Adams has urged retail investors to approve the deal.Adams said 42% of the votes needed to pass the loan were in the hands of minority shareholders.Synlait&#...

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