Synlait Farms stock to trade on Unlisted platform

Mon, 25 Mar 2013

March 25 (BusinessDesk) – Synlait Farms, the Canterbury dairy farmer whose owners tried unsuccessfully to raise funds for its milk processing associate in a 2009 IPO, is to have its stock quoted on the Unlisted platform starting tomorrow. The company runs 12,970 cows on 13 farms in Canterbury. The listing is to “provide options to enhance liquidity to shareholders,” founder Juliet Maclean said. “Synlait Farms is now well positioned to consider further expansion options.” Most of Synlait Farms’ owners also have an interest in Synlait Ltd, whi...

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