Synlait shares take a hammering
Troubled milk processor Synlait's share price is taking a hammering as nervous investors offload their stakes.
“We are glad to see a comprehensive scope in the terms of reference and are pleased it will look beyond the current regulatory framework to address some of the fundamental issues facing the future of our industry,” says John Penno, managing director of Synlait.
“We look forward to contributing to the DIRA review process. We can provide a unique perspective as a successful value-add nutrition company in the industry,” says Penno.
“At the end of the day, we want any outcomes to support a sustainable and high value industry in New Zealand. We’re confident this will allow the industry to continue to flourish while delivering a sustainable future for dairying.”
