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Primary Sector

Synlait shares jump on good news

Rebecca Howard
Fri, 06 Nov 2020

Rebecca Howard
Fri, 06 Nov 2020
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Synlait Milk shares jumped 9 percent after the company said it had settled a dispute over land used at its Pokeno site and had announced a new deal with a multinational customer.The company said it did a deal with New Zealand Industrial Park Limited and Karl Ye on historic land covenants.Further details of the settlement agreement will remain confidential but the settlement price “was reasonable and not material to Synlait,” it said.The company’s auditor Deloitte determined materiality at $5.15 million in the 2020 annual repor...

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