Why Bright Dairy can’t and won’t let Synlait fail

Why Bright Dairy can’t and won’t let Synlait fail
Bright Dairy vice-president Li Ke with Synlait founder John Penno (right) and former chair Graeme Milne when the Chinese company bought into Synlait in 2010. (Image: NZME)
Riley Kennedy
Rebecca Stevenson
China's Bright Dairy issued a warning to its investors this week as it extended a $130 million lifeline to embattled dairy processor Synlait.In a notice to the Shanghai stock exchange on June 5, translated from Chinese to English, the NZ dairy processor’s largest shareholder said it planned to extend an emergency loan to Synlait, subject to approval from its board and shareholders.Enclosed in the notice was an investment risk warning, flagging investors to exercise caution due to the uncertainties and pending approval process for the...

More Primary Sector

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Scott Technology's revenue drops 14%
Primary Sector

Scott Technology's revenue drops 14%

Its long term strategy is not far away.

Riley Kennedy 16 Apr 2025