ASX Announcements
Market Sensitive
Issued Capital - Other, Company Administration - Other, Letter to Shareholders - Other
- Oct 1, 2024
- 2 pages
Market Sensitive
SML completes equity raise and bonds change of control
Issued Capital - Other
- Oct 1, 2024
- 2 pages
June
The a2 Milk Co’s main supplier Synlait needs China rescue package
China’s Bright Dairy is lending $NZ130m to the dual-listed company, in which a2 Milk Co has a 19.8 per cent stake and relies on for infant formula supply.
- Simon Evans
November 2023
Bids roll in for Synlait’s Dairyworks; debt levels spark concern
The asset is likely to be acquired by one of the smaller strategic buyers, with the likes of Bega understood to have swerved the auction.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2023
ASX drops ahead of Fed meeting, tech and energy slump
Energy stocks found little joy from higher oil prices on Monday. A2 Milk retreated as its spat with Synlait escalated.
- Cecile Lefort
A2 Milk and Synlait infant formula feud worsens
a2 Milk wants to take more control of its supply chain, but its 20 per cent-owned infant formula supplier Synlait is annoyed at a move to up-end exclusivity.
- Simon Evans
April 2023
A2 Milk fumes over partner Synlait’s profit downgrade
The infant formula group said it was “surprised” by the size of a profit downgrade at its contract supplier, Synlait, which revealed its own profit downgrade.
- Simon Evans
February 2023
A2 Milk bets on China birth rate recovery
China’s population is expected to shrink further through 2023 before stabilising and rising again.
- Updated
- Carrie LaFrenz
May 2021
Synlait Milk says banks have its back after plunge into red
A2 woes rub off on New Zealand-based Synlait as it warns of full-year loss and more shipping delays.
- Brad Thompson
January 2021
ASX dips 0.7pc; Tyro says ‘limited’ merchants affected
The sharemarket fell as big miners retreated on weaker iron ore prices. Fortescue tumbles 6 per cent. Reliance jumped more than 6 per cent on upbeat guidance. Eagers eyes $209 million full year profit. Temple & Webster, AMA slammed.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, Tom Richardson and Luke Housego
November 2020
Synlait Milk in $NZ180m placement to repay debt, capex
Dairy processer Synlait Milk has kicked off a $NZ180 million placement via stockbroker Jarden.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
Synlait Milk shares pop, readies raising
Dairy processor Synlait Milk cut trading in its shares short on Monday ahead of a capital raising.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
November 2019
a2 Milk jumps as CEO signals creamier margins
The shares bounced as CEO Jayne Hrdlicka said improved price yield, lower costs and foreign exchange benefits are giving the infant formula group a lift.
- Simon Evans