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NZ's Synlait Milk to raise NZ$120 mln in IPO and share sell-down
date:Jun 25, 2013
First NZ Capital Securities Limited and Goldman Sachs New Zealand Limited, shares will be priced on July 9 following a book build, and will close on July 19.

Synlait Milk said it planned to use the new funding to pay down debts, build a new milk powder dryer and a blending and packaging plant at its headquarters outside Christchurch, while it also plans to enlarge its storage facilities.

It aims to control as much as the milk formula manufacturing and packaging process as it can, as products m

12/24 04:07