Podcasts Other The Mike Hosking Breakfast George Adams: Synlait Board Chair ahead of the vote on a proposed capital raise

George Adams: Synlait Board Chair ahead of the vote on a proposed capital raise

Published: Sept. 17, 2024, 7:40 p.m.

Synlait could be going from the cream of the crop to skimming the edge of survival.\xa0

Shareholders of the dairy processor are gathering at its Dunsandel site today to vote on a proposed $218 million capital raise.\xa0

Board chair George Adams told Mike Hosking his confidence is high, and it would allow Synlait to move forward from the de-leveraging.\xa0

He says they'll then focus on drawing their farmers back and delivering good business.\xa0

If voted down, Synlait has warned it will end up in some sort of insolvency process.\xa0

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