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Synlait notches ‘small victory’ ahead of huge equity raise

Shareholders overwhelmingly approve $130m emergency related party loan, but next step is capital raise in the hundreds of millions.

Synlait chair George Adams.

Tim Hunter Thu, 11 Jul 2024

Debt-burdened milk processor Synlait is looking at an equity raise in the “hundreds of millions of dollars” in the next few months after shareholders cleared a $130 million emergency loan in a special vote this afternoon.

Doubt about the outcome of the ballot was effectively dispelled when 19.8%

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Tim Hunter Thu, 11 Jul 2024
Contact the Writer: thunter@nbr.co.nz
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Synlait notches ‘small victory’ ahead of huge equity raise
Investment,
104860
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