Synlait shareholders raise questions over a2 fight

Synlait's business in China is closely intertwined with a2. (Image: NZME)

Mon, 04 Dec 2023

Synlait’s strained relationship with its biggest customer, a2, became the focus of shareholder questions at the company’s annual meeting on Friday, with management trying to allay shareholder concerns.In September, a2 told Synlait it was cancelling exclusive manufacturing and supply rights held by the dairy processor in respect of the infant milk formula it sold.Synlait disputes that the milk marketing firm has the right to cancel the arrangements, and the two are locked in an arbitration process, which Synlait chief executive Grant...

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