Displaying items by tag: Synlait

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

Canterbury milk processor Synlait has settled a long-running dispute over exclusive manufacturing rights and pricing with a cornerstone shareholder, a2 Milk Company.

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.

OPINION: Synlait's woes continue to drag the company down. The listed milk processor’s share price dropped to an all-time low of 30c last week, valuing the company at around only $65 million, a huge slump from its peak value.

Synlait farmers can do nothing but watch from the sidelines as the company battles its financial woes, says supplier Willy Leferink.

OPINION: A $130 million loan from major shareholder Bright Dairy will only keep the lights on at Synlait for so long.

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.

Troubled Canterbury milk processor, Synlait has delivered more bad news to its shareholders.