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10 Oct 2024 16:50
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      Home > News > Business

    A positive outlook for Synlait's future

    A positive outlook for Synlait's future


    Shareholders have voted to approve a 218-million dollar capital injection by its two largest shareholders, A2 Milk and Bright Dairy.

    The money looks to restore the company's balance sheet, which has been carrying more than 550-million dollars in debt.

    Employee David Williams says feeling confident in what they're doing - and it gives the company a reset, while reassuring their farmers.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     10 Oct: Expect another cut to the Official Cash Rate before Christmas
     10 Oct: An OCR cut could be behind an incoming boost in property market activity
     10 Oct: An expectation mortgage rates will continue to fall
     09 Oct: A rugby union civil war has broken out across the Tasman
     Top Stories

    RUGBY RUGBY
    Wellington openside flanker Du'Plessis Kirifi has been thrust straight back into the starting line-up as captain for tomorrow's NPC quarter-final against Counties-Manukau in the capital More...

    BUSINESS BUSINESS
    The Government books have sunk further into the red More...


     Today's News

    		 Living & Travel:
    Hurricane Milton live updates: Category three storm makes landfall on Florida's west coast, leaving almost 2 million without power 16:27

     Entertainment:
    Sylvester Stallone's daughter Sistine was chased through New York City by a man "screaming" at her 16:24

     Law and Order:
    Two teenage girls have been arrested, after aggravated robberies on buses in east Auckland 16:17

     Entertainment:
    Sean 'Diddy' Combs' sex trafficking case is set to involve a series of celebrities who face being sued alongside the rapper 15:54

     Rugby:
    Wellington openside flanker Du'Plessis Kirifi has been thrust straight back into the starting line-up as captain for tomorrow's NPC quarter-final against Counties-Manukau in the capital 15:27

     Entertainment:
    Bobby Brown has sent his "love and blessings" to the grieving family of Whitney Houston's late mother 15:24

     Environment:
    As Hurricane Milton causes havoc in the US, fake images and videos are spreading. Here's how to spot them 15:07

     Law and Order:
    Another person's died - after an assault on a retired couple in Rotorua's Western Heights last month 14:57

     Entertainment:
    Eminem is "excited" about becoming a grandfather 14:54

     Rugby League:
    The Kiwi rugby league team is scrambling for a replacement for injured halfback Jahrome Hughes ahead of the looming Pacific Championships 14:47

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