close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

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%

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Thu, 11 Jul 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Synlait notches ‘small victory’ ahead of huge equity raise
Investment,
104860
true