Synlait retail shareholders consider liquidation rather than loan and capital raise

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)
Rebecca Stevenson
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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