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22 Nov 2024 4:31
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      Home > News > National > Christchurch

    Synlait's two biggest shareholders have brought it back from the brink

    Synlait's two biggest shareholders have brought it back from the brink


    Shareholders today approved a 218-million dollar capital injection from Bright Dairy and A2 Milk.

    The company's working to restore its balance sheet and pay off debt.

    Bright Dairy's appointed director to Synlait's board, Julia Zhu says they're committed to helping Synlait get back on its feet.

    She says Synlait is a great company, but has been hit hard by events largely out of its control.

    © 2024 Newstalk ZB, NZCity

     Other Christchurch News
     21 Nov: Two Canterbury preschools have been hit by an outbreak of gastro cases
     21 Nov: Three more students from Christchurch's St Bede's College have spoken to police, alleging a former staffer of the school abused them
     21 Nov: Former Canterbury representative Blair Murray will start at fullback for Wales in Sunday's test against South Africa in Cardiff
     20 Nov: The High Court appeal for the Mama Hooch rapist brothers won't be heard until July next year -- nearly two years after the pair were jailed
     19 Nov: Christchurch police have arrested a 60-year-old man, in relation to four fires in Woolston area, just over a week ago
     19 Nov: Veteran Canterbury batter Frankie Mackay's cautioning against drastic changes - despite the Magicians poor start to the domestic cricket season
     18 Nov: Calls for harsher punishments for drivers who seem undeterred by speeding fines
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