SM1 ASX: Synlait Milk races to raise capital and sell assets to repay debt
Around $120 million was due on Thursday, but the New Zealand-headquartered group has won three more months to find the money for its lenders.
Source: afr.com
Stay updated with breaking news from China Label. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Around $120 million was due on Thursday, but the New Zealand-headquartered group has won three more months to find the money for its lenders.
Speciality dairy company A2 Milk has cancelled its exclusive supply agreement with specialty milk producer Synlait's after its delivery fell "below the level required for Synlait to maintain such exclusive rights".
Business Scoop provides news and views on Business and Markets from New Zealand
The A2 Milk Company Ltd (ASX: A2M) share price is down 72% from its all-time high in July 2020. But are things turning around?