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14 Feb 2025 20:18
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  •   Home > News > Business

    Synlait's chair says today's vote to take a lifeline is a relief

    Synlait's chair says today's vote to take a lifeline is a relief


    Shareholders have okayed taking out a 130 million dollar loan from its biggest shareholder - Bright Dairy.

    It means Synlait can meet an urgent debt payment due on Monday.

    Chair George Adams says shareholders strongly supported the deal.

    He says the deal was supported by 99.6 percent of shareholders.

    © 2025 Newstalk ZB, NZCity

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     13 Feb: To achieve real growth, the NZ government needs to relax the rules around housing
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     Today's News

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    International:
    Donald Trump isn't the first US president to offer to buy Greenland, but he might be the most determined 19:07

    Law and Order:
    Nearly 340 thousand dollars of assets have been seized from a Wellington drug supplier 18:57

    Cricket:
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    Rugby:
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    International:
    Fragile Gaza ceasefire a reminder of the lingering Houthi rebel threat 18:17


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