Synlait shareholders have approved a $130 million loan from major shareholder Bright Dairy, allowing the New Zealand dairy company to expand its operations. The loan will be used for capital expenditure and working capital requirements, providing a boost to Synlait’s growth plans. The agreement demonstrates Bright Dairy’s confidence in Synlait’s future prospects and commitment to supporting the company’s success.
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New World supermarket on Auckland’s North Shore evacuated after fire
A New World supermarket in Browns Bay, Auckland, was evacuated after its sign caught fire at approximately 7:45 PM. Fire and Emergency New Zealand responded with three fire engines and a high ladder, quickly extinguishing the fire and working to ventilate the smoke-logged building. Want More Context? 🔎
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