Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Synlait Milk Limited (NZX: SML) announced that The a2 Milk Company Limited intends to vote in favor of a crucial resolution at Synlait’s Special Shareholders Meeting. The resolution involves approving a NZ$130 million shareholder loan from Bright Dairy International Investment Limited, a related entity of Bright Dairy Holding Limited, which holds a 39.01% stake in Synlait.
If approved, the loan will be used to meet a NZ$130 million payment due to Synlait’s banks on July 15, 2024. Additional details are available in the Notice of Meeting dated July 25, 2024.
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