Synlait shareholders back $130m Bright Dairy loan

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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