Why Bright Dairy is backing Synlait Milk

Julia Zhu addresses shareholders at Synlait's special meeting in September. (Image: Synlait)

Tue, 10 Dec 2024

Outside of some sort of corporate miracle suddenly appearing, Synlait Milk might not have seen this Christmas if it weren’t for Bright Dairy.The Chinese dairy company stumped up more than $300 million in debt and equity; if it hadn't, the Canterbury-based processor could have been in some sort of insolvency process.Where its milk supply would go and who would want its sites in Dunsandel and Pōkeno are, for now at least, hypothetical questions.Julia Zhu told BusinessDesk in Auckland last week that everyone, including Bright, was please...

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