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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Jeweller Sir Michael Hill dies aged 86
Sir Michael Hill, the founder of Michael Hill Jeweller, passed away at the age of 86 after stepping down from the board for cancer treatment. Known as a celebrated jeweller and philanthropist, he, along with his wife Lady Christine, transformed the business from its origins in Whangārei, New Zealand, into a prominent global retail brand. Want More Context? 🔎
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