Liu Ruibing (Ryan) has resigned as CFO of Bright Dairy Holding Limited (Bright Dairy) for personal reasons and he has subsequently stood down as a Bright Dairy appointed Director of Synlait Milk Limited (Synlait) given his employment has ceased with Bright Dairy.
Synlait and Bright Dairy thank Ryan for his contribution to Synlait.
Ryan’s resignation is effective immediately. Bright Dairy will provide an update on Ryan’s replacement in due course. The resignation does not impact Synlait’s daily operations.
Bright Dairy has a 39.0% shareholding in Synlait.
For more information contact:
Hannah Lynch
Head of Strategy & Corporate Affairs
P: +64 21 252 8990
E: hannah.lynch@synlait.com
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
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