Synlait shareholder Bright Dairy 'digging its heels in' on Dunsandel plant

Synlait shareholder Bright Dairy 'digging its heels in' on Dunsandel plant
Synlait's Dunsandel plant is the jewel in its crown. (Image: Synlait)
Rebecca Stevenson
Riley Kennedy
Synlait’s major shareholder Bright Dairy is digging its heels in and sees a pathway out of the company’s financial troubles holding onto the Dunsandel plant, an analyst says. On Monday, the debt-laden dairy processor said its 39% Chinese shareholder, Bright Dairy, would loan it $130 million for a looming debt repayment, subject to approvals, including from its shareholders. The company told markets most of its farmer suppliers had issued two-year notices to leave, and it reiterated it had Bright Dairy’s backing for a...

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