Rowena Duncum: The Country producer on Synlait asking shareholders for multi-million dollar lifeline
Heather du Plessis-Allan Drive · Newstalk ZB
June 25, 20242m 34s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Struggling dairy manufacturer Synlait has asked shareholders to vote in favour of a $130 million lifeline from Chinese shareholder Bright Dairy.
The company said a2′s vote would be influential in deciding if the critical shareholder loan needed to pay off bank debt due July 15 went ahead.
The Country's Rowena Duncum says the situation's looking dire for Synlait.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Topics
businessdairySynlait Milkfarming