date:Jun 25, 2013
h exports all of its product, has said it hopes China will eventually account for one-third of its overall revenue. New Zealand supplied 90 percent of the nearly $2 billion worth of milk powder China imported last year.
Synlait Milk set a price range for the offer of NZ$2.05-NZ$2.65 per share, giving the company a market capitalisation of NZ$305 million-NZ$372 million.
Given growing interest in investing in New Zealand's dairy industry, market participants said they anticipated solid demand fo