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

The Mike Hosking Breakfast

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

1M ago 4:19

MP3•Episode home

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

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

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

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

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

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

5855 episodes

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News