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  1. #4651
    Legend
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    Quote Originally Posted by Newman View Post
    Synlait's Chairman told NZ Herald:

    Dunsandel makes a wide range of products from infant formula to milk powder to lactoferrin.

    It’s a big site - so big that workers need bicycles to get around it.

    The theory being kicked around investment banking circles that a2 could be a buyer is not being given much credence: Dunsandel makes hundreds of thousands of tonnes of product, not just infant formula.

    If a2 Milk ended up with Dunsandel, it would have a lot of capacity that it has no use for.
    A2 has the majority shares in a business that produces other products and not just IF......

  2. #4652
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    Quote Originally Posted by Newman View Post
    Synlait's Chairman told NZ Herald:

    Dunsandel makes a wide range of products from infant formula to milk powder to lactoferrin.

    It’s a big site - so big that workers need bicycles to get around it.

    The theory being kicked around investment banking circles that a2 could be a buyer is not being given much credence: Dunsandel makes hundreds of thousands of tonnes of product, not just infant formula.

    If a2 Milk ended up with Dunsandel, it would have a lot of capacity that it has no use for.
    Yes, but couldnt some of the capacity be sold back to SML or "other " interested parties ?

  3. #4653
    Legend Balance's Avatar
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    Why Bright Dairy Can't and Won't let Synlait fail

    https://businessdesk.co.nz/article/p...t-synlait-fail
    paywalled

  4. #4654
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    Quote Originally Posted by Balance View Post
    Why Bright Dairy Can't and Won't let Synlait fail

    https://businessdesk.co.nz/article/p...t-synlait-fail
    paywalled
    It would be good to know what’s in this article?

  5. #4655
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    From what I read- Bright have not got internal approvals for the 130M, nor Synlait board approval and then shareholder approval. We are 5 weeks away from
    armageddon so let’s hope all is revealed soon.

  6. #4656
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    Quote Originally Posted by billkiapi View Post
    From what I read- Bright have not got internal approvals for the 130M, nor Synlait board approval and then shareholder approval. We are 5 weeks away from
    armageddon so let’s hope all is revealed soon.
    When you say internal approvals what do you mean?

  7. #4657
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    Quote Originally Posted by Bikeguy View Post
    When you say internal approvals what do you mean?
    From that article -

    In a notice to the Shanghai stock exchange on June 5, translated from Chinese to English, the NZ dairy processor’s largest shareholder said it planned to extend an emergency loan to Synlait, subject to approval from its board and shareholders. Enclosed in the notice was an investment risk warning, flagging investors to exercise caution due to the uncertainties and pending approval process for the loan.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #4658
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    Quote Originally Posted by winner69 View Post
    From that article -

    In a notice to the Shanghai stock exchange on June 5, translated from Chinese to English, the NZ dairy processor’s largest shareholder said it planned to extend an emergency loan to Synlait, subject to approval from its board and shareholders. Enclosed in the notice was an investment risk warning, flagging investors to exercise caution due to the uncertainties and pending approval process for the loan.
    Bright Dairy's shareholder's annual conference was held in Shanghai on May 30, 2024, and all resolutions were passed at voting rates of >98%.

    Synlait's shareholders will not be foolish to reject Bright's loan and immdediately put the company in receivership.

  9. #4659
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    Quote Originally Posted by Newman View Post
    Bright Dairy's shareholder's annual conference was held in Shanghai on May 30, 2024, and all resolutions were passed at voting rates of >98%.

    Synlait's shareholders will not be foolish to reject Bright's loan and immdediately put the company in receivership.
    I feel you are right, I just cannot see A2 being willing to force it to that outcome…and everyone else has no choice? Banks, shareholders etc

  10. #4660
    Legend Balance's Avatar
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    Quote Originally Posted by Newman View Post
    Bright Dairy's shareholder's annual conference was held in Shanghai on May 30, 2024, and all resolutions were passed at voting rates of >98%.

    Synlait's shareholders will not be foolish to reject Bright's loan and immdediately put the company in receivership.
    The approvals in the article refer more to Synlait's board and shareholders rather than Bright Dairy (inconceivable pre-approvals not in place) as the loan of $130m is not material given Bright's total assets of over $5 billion and market cap of over $2 billion.

    Fly in the ointment is A2M who could conceivably vote against the Bright loan.
    Last edited by Balance; 09-06-2024 at 10:29 AM.

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