Displaying items by tag: BRIGHT DAIRY

Synlait is hoping that its proposed recapitalisation plan will help retain its spooked farmer supplier base.

Troubled Canterbury milk processor Synlait has unveiled a recapitalisation plan - offering new shares worth nearly $218 million to its two largest shareholders.

OPINION: Several days after securing shareholder approval for a $130 million loan from Bright Dairy, Synlait has delivered more bad news to investors.

Shareholders of troubled milk processor Synlait have voted overwhelmingly to support a $130 million loan from its biggest shareholder, Bright Dairy of China.

Troubled milk processor Synlait’s second largest shareholders remains coy on how it will vote at a special general meeting on Thursday.

A $130 million loan from its biggest shareholder won't be enough to stabilise the struggling milk processor Synlait, according to Forsyth Barr senior analyst equities, Matt Montgomerie.

OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.

A poor half-year financial result is forcing listed Canterbury milk processor Synlait to carry out “a strategic review” of its North Island assets, including its new plant at Pokeno and blending and canning facility in Auckland.

Listed Canterbury milk processor Synlait’s shares have been placed in a trading halt.

Synlait Milk's financial woes are mounting with farmer suppliers expressing concern about the state of the Canterbury milk processor.