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Synlait turns to largest shareholder after missing debt payment

After a series of profit warnings, Synlait Milk has missed a debt repayment deadline under the New Zealand dairy company’s loan agreements.

Small cap stocks provide positive news as NZX stuck in negative territory - Market close

Two small cap stocks, Savor Group and NZ King Salmon Investments, staged strong earnings turnarounds but the New Zealand sharemarket remained stuck in.

Synlait Milk in trading halt to finalise $130m loan extension

The company said it requested the trading halt to give it more time to talk to its bankers and major shareholder about the loan repayment.

Synlait partners with Nestlé in emission reduction tie-up

NZ sharemarket slides 0.37% | BusinessDesk

The New Zealand sharemarket was in a lacklustre mood and posted a near half percent fall, with debt-laden Synlait Milk hitting a new all-time low.The S&P/NZ.