Displaying items by tag: BRIGHT DAIRY

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.

Troubled Canterbury milk processor Synlait and its key stakeholder and customer a2 Milk Company (a2MC) will enter 2024 with a growing list of disputes.

Milk processor Synlait is on the comeback trail after 18 months of turmoil.

Synlait has successfully completed its pro rata entitlement offer announced on September 19, raising $98 million of new equity.

Canterbury-based independent milk processor Synlait Milk has reported a drop in profit, largely due to decreases in dairy prices.