Struggling dairy manufacturer Synlait has asked shareholders to vote in favour of a $130 million lifeline from Chinese shareholder Bright Dairy.

The company said a2′s vote would be influential in deciding if the critical shareholder loan needed to pay off bank debt due July 15 went ahead.

The Country's Rowena Duncum says the situation's looking dire for Synlait.

LISTEN ABOVE

Struggling dairy manufacturer Synlait has asked shareholders to vote in favour of a $130 million lifeline from Chinese shareholder Bright Dairy.
The company said a2′s vote would be influential in deciding if the critical shareholder loan needed to pay off bank debt due July 15 went ahead.
The Country's Rowena Duncum says the situation's looking dire for Synlait.
LISTEN ABOVE

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