Synlait shareholder Bright Dairy has revealed plans to slash unnecessary consultancy expenditure if it gains control of the dairy manufacturer

The cornerstone shareholder is committing to pay 60 cents per share for 185-million dollars of stock, to lift its stake to hold the majority, at 65.3 percent.

According to Business Desk, Bright Dairy has reported to the Shanghai Stock Exchange with several plans if the change gets approved at a shareholders meeting next month.

Among the potential changes, are terminations of some contracts with customers and suppliers.